Advanced Micro Devices, Inc. · AMD · Next earnings

Advanced Micro Devices, Inc. reports Tuesday, Nov 3, 2026

AMD reports after market close with consensus EPS at $1.90 and revenue at $12.98B. Last quarter: AMD Q1 2026: Revenue Surges 38% on AI Demand, Guidance Raised

Reports After market close44 days awayDate estimated Technology

What the street expects

Consensus for the coming report
Consensus EPS $1.90 Calendar consensus
Consensus revenue $12.98B Calendar consensus
Report date Nov 3, 2026 Tuesday, date estimated
Session After market close 44 days away

Where AMD left off: FY2026 Q1

Full report

AMD Q1 2026: Revenue Surges 38% on AI Demand, Guidance Raised

EPS surprise +6.2% Reported $1.37 vs $1.29
Revenue surprise +3.6% Reported $10.25B vs $9.90B
Stock move +18.6% Event window
Subsequent drift +24.2% Up to 20 sessions

Guidance was raised. For Q2 2026, AMD projected revenue of approximately $11.2 billion, representing roughly 46% year-over-year growth, with server CPU revenue expected to grow over 70% YoY. This signals continued acceleration from the already strong Q1 pace. Management's tone was confident, supported by record free cash flow and deepening AI partnerships with Meta and OpenAI. The company also projected tens of billions of dollars in AI data center revenue by 2027, reinforcing long-term conviction in its AI roadmap.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Supply-chain tightness for wafers and back-end capacity could constrain production.
  • Rising memory and component costs may pressure client and gaming segment margins.
  • Seasonality in client and gaming segments could create quarterly variability.
  • Geopolitical exposure, including reduced China revenue, may limit growth in certain markets.
  • Intensifying competition from Intel and ARM-based alternatives in the server CPU market.

Questions analysts left open

  • Clarification needed on the accelerated server CPU TAM and AMD's over 50% share target.
  • Details on Instinct GPU (MI450/Helios) forecast versus initial plans.
  • Supply-chain capacity and potential bottlenecks.
  • Gross-margin impact of the upcoming MI450 ramp.
  • Unit versus ASP contribution to server CPU growth.

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Recent AMD quarters

All AMD earnings
+18.6%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.