AMD Reports Third Quarter 2026 Financial Results

AMD delive s eco d qua te as Data Ce te segme t eve ue g ows 97% yea -ove -yea , d ive by eco d sales of AMD I sti ct GPUs a d AMD EPYC CPUs

SANTA CLARA, Calif., Nov. 03, 2026 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) today a ou ced fi a cial esults fo the thi d qua te of 2026. Thi d qua te eve ue was $13.4 billio , g oss ma gi was 54%, ope ati g i come was $2.8 billio , et i come was $2.4 billio a d diluted ea i gs pe sha e was $1.46. O a o -GAAP^(*) basis, g oss ma gi was 56%, ope ati g i come was $3.9 billio , et i come was $3.5 billio a d diluted ea i gs pe sha e was $2.09.

“We delive ed a eco d qua te with eve ue exceedi g the high e d of ou guida ce as Data Ce te segme t sales ea ly doubled yea -ove -yea ,” said D . Lisa Su, AMD chai a d CEO. “Dema d fo ou I sti ct a d EPYC p oducts co ti ued to st e gthe , a d we expect g owth to accele ate fu the i the fou th qua te as we scale Helios a d ‘Ve ice’ p oductio . With ou leade ship p oduct po tfolio a d deep custome a d supply chai elatio ships, we a e co fide t i ou ability to sustai ve y st o g eve ue g owth a d expa di g p ofitability ove the comi g yea s.”

“Thi d qua te eve ue g ew 45% yea -ove -yea to a eco d $13.4 billio , while o -GAAP ea i gs pe sha e g ew 74%, demo st ati g the sig ifica t ope ati g leve age i ou busi ess model as ou Data Ce te busi ess d ives scale,” said Jea Hu, AMD executive vice p eside t, chief fi a cial office a d t easu e . “Ou fou th-qua te outlook eflects accele ati g eve ue a d ea i gs g owth, d ive by st o g dema d ac oss ou Data Ce te po tfolio.”

GAAP Qua te ly Fi a cial Results

Q3’26

Q3’25

Y/Y

Q2’26

Q/Q

Reve ue ($M)

$13,377

$9,246

Up 45%

$11,536

Up 16%

G oss p ofit ($M)

$7,210

$4,780

Up 51%

$6,203

Up 16%

G oss ma gi

54%

52%

Up 2 ppts

54%

Flat

Ope ati g expe ses ($M)

$4,378

$3,510

Up 25%

$4,213

Up 4%

Ope ati g i come ($M)

$2,832

$1,270

Up 123%

$1,990

Up 42%

Ope ati g ma gi

21%

14%

Up 7 ppts

17%

Up 4 ppts

Net i come ($M)

$2,428

$1,243

Up 95%

$2,297

Up 6%

Diluted ea i gs pe sha e

$1.46

$0.75

Up 95%

$1.38

Up 6%

No -GAAP(*) Qua te ly Fi a cial Results

Q3’26

Q3’25

Y/Y

Q2’26

Q/Q

Reve ue ($M)

$13,377

$9,246

Up 45%

$11,536

Up 16%

G oss p ofit ($M)

$7,483

$4,992

Up 50%

$6,488

Up 15%

G oss ma gi

56%

54%

Up 2 ppts

56%

Flat

Ope ati g expe ses ($M)

$3,560

$2,754

Up 29%

$3,394

Up 5%

Ope ati g i come ($M)

$3,923

$2,238

Up 75%

$3,094

Up 27%

Ope ati g ma gi

29%

24%

Up 5 ppts

27%

Up 2 ppts

Net i come ($M)

$3,471

$1,965

Up 77%

$2,760

Up 26%

Diluted ea i gs pe sha e

$2.09

$1.20

Up 74%

$1.66

Up 26%

Segme t Summa y

Data Ce te segme t eve ue was a eco d $8.5 billio , up 97% yea -ove -yea , d ive by st o g dema d fo AMD EPYC™ p ocesso s a d the lau ch of AMD I sti ct™ MI450 Se ies GPUs.
Clie t a d Gami g segme t eve ue was $3.7 billio , dow 8% yea -ove -yea . Clie t busi ess eve ue was $2.9 billio , up 7% yea -ove -yea , d ive by sales of AMD Ryze ™ mobile p ocesso s. Gami g busi ess eve ue was $773 millio , dow 40% yea -ove -yea , due to lowe semi-custom a d g aphics eve ue.
Embedded segme t eve ue was $1.1 billio , up 29% yea -ove -yea , led by g owth i ae ospace a d defe se, automotive, commu icatio s a d i dust ial e d ma kets.

Rece t Highlights

AMD solutio s a d softwa e a e powe i g supe i tellige ce i f ast uctu e at scale:
A th opic, Meta, Mic osoft, Ope AI a d O acle Cloud I f ast uctu e a e u i g models a d wo kloads o the fi st AMD Helios™ ackscale solutio s, powe ed by AMD I sti ct MI450 Se ies GPUs a d 6^th Ge AMD EPYC CPUs.
HPE a ou ced that Vult will deploy the fi st AMD Helios by HPE systems.
O acle Cloud I f ast uctu e a ou ced its OCI Compute E7 cloud compute i sta ces will be powe ed by 6^th Ge AMD EPYC CPUs, suppo ti g e te p ise applicatio s a d the CPU se vices su ou di g models.
AMD i t oduced the AMD Helio efe e ce a chitectu e, a ope , flexible bluep i t fo buildi g ack-scale age tic systems that lets custome s co figu e the mix of CPUs a d GPUs based o thei wo kloads.
AMD ROCm™ 10 was eleased, b i gi g AI- ative develope expe ie ces to AMD platfo ms with ROCm.AI, alo g with pe fo ma ce imp oveme ts a d updated lib a ies, compile s, f amewo ks, tools a d model suppo t.
The Eu oHPC JU selected AMD I sti ct MI430X GPUs a d 6^th Ge AMD EPYC p ocesso s to powe the LUMI-AI supe compute .
Google Cloud a d Mic osoft a ou ced ge e al availability of sto age-optimized cloud i sta ces powe ed by 5^th Ge AMD EPYC CPUs.
AMD is expa di g its capabilities ac oss the full supe i tellige ce stack th ough st ategic acquisitio s:
AMD a ou ced a ag eeme t to acqui e Wo ld Labs, b i gi g leadi g model esea ch expe tise to AMD to help shape supe i tellige ce i f ast uctu e a d st e gthe the ope ecosystem.
AMD a ou ced a ag eeme t to acqui e Taalas, addi g specialized i fe e ce silico tech ology to fu the diffe e tiate AMD system-level solutio s a d delive b eakth ough i fe e ce pe fo ma ce a d efficie cy.
AMD adva ced its adaptive a d embedded po tfolio a d expa ded its ole i physical AI systems:
AMD bega sampli g the AMD Ve sal™ AI Co e XQRVC1902 space-g ade adaptive SoC desig ed to suppo t missio s lasti g up to 15 yea s.
Kodiak AI a ou ced that its ext ge e atio auto omous t uck platfo m is powe ed by AMD EPYC p ocesso s.
AMD i t oduced AMD Ross™, a age tic tool fo embedded system desig that helps custome s accele ate time to ma ket a d imp ove pe fo ma ce fo AMD embedded solutio s.
AMD expa ded its PC offe i gs fo local age tic supe i tellige ce a d gami g:
The AMD Ryze ™ AI Halo platfo m powe ed by Ryze ™ AI Max PRO 400 Se ies p ocesso s is ow available, b i gi g the pe fo ma ce, memo y a d softwa e ecosystem develope s a d c eato s eed to build a d u models locally.
HP, Le ovo, F amewo k a d GMKtec expa ded availability of systems powe ed by AMD Ryze ™ AI Max PRO 400 Se ies p ocesso s.
AMD debuted the Th ead ippe Halo Statio , powe ed by the AMD Th ead ippe 9955WX CPU a d AMD I sti ct MI350p GPU, able to u t illio -pa amete models locally.

Cu e t OutlookAMD’s outlook stateme ts a e based o cu e t expectatio s. The followi g stateme ts a e fo wa d-looki g a d actual esults could diffe mate ially depe di g o ma ket co ditio s a d the facto s set fo th u de “Cautio a y Stateme t” below.

Fo the fou th qua te of 2026, AMD expects eve ue to be app oximately $17 billio , plus o mi us 3%. The mid-poi t of the eve ue a ge ep ese ts yea -ove -yea g owth of app oximately 66% a d a seque tial i c ease of app oximately 27%. No -GAAP g oss ma gi is expected to be app oximately 55%.

AMD Teleco fe e ceAMD will hold a co fe e ce call at 2:00 p.m. PT (5:00 p.m. ET) today to discuss its thi d qua te 2026 fi a cial esults. AMD will p ovide a eal-time audio b oadcast of the teleco fe e ce o the I vesto Relatio s page of its website at www.amd.com.

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

(i millio s, except pe sha e data a d pe ce tages) (U audited)

Th ee Mo ths E ded

Septembe 26,2026

Ju e 27,2026

Septembe 27,2025

GAAP g oss p ofit

7,210

6,203

4,780

GAAP g oss ma gi

Stock-based compe satio

Amo tizatio of acquisitio – elated i ta gibles

257

260

Recove y of i ve to y loss at co t act ma ufactu e ⁽¹⁾

—

(67

)

Loss co ti ge cy o legal matte s

No -GAAP g oss p ofit

7,483

6,488

4,992

No -GAAP g oss ma gi

GAAP ope ati g expe ses

4,378

4,213

3,510

GAAP ope ati g expe ses/ eve ue %

Stock-based compe satio

514

495

412

Amo tizatio of acquisitio – elated i ta gibles

277

284

302

Acquisitio – elated a d othe costs ⁽²⁾

No -GAAP ope ati g expe ses

3,560

3,394

2,754

No -GAAP ope ati g expe ses/ eve ue %

GAAP ope ati g i come

2,832

1,990

1,270

GAAP ope ati g ma gi

Stock-based compe satio

523

503

419

Amo tizatio of acquisitio – elated i ta gibles

534

544

562

Recove y of i ve to y loss at co t act ma ufactu e ⁽¹⁾

—

(67

)

Acquisitio – elated a d othe costs ⁽²⁾

Loss co ti ge cy o legal matte s

No -GAAP ope ati g i come

3,923

3,094

2,238

No -GAAP ope ati g ma gi

Th ee Mo ths E ded

Septembe 26,2026

Ju e 27,2026

Septembe 27,2025

GAAP et i come / ea i gs pe sha e

2,428

1.46

2,297

1.38

1,243

0.75

Stock-based compe satio

523

0.31

503

0.30

419

0.26

Amo tizatio of acquisitio – elated i ta gibles

534

0.32

544

0.33

562

0.34

Recove y of i ve to y loss at co t act ma ufactu e ⁽¹⁾

—

(67

)

(0.04

)

Acquisitio – elated a d othe costs ⁽²⁾

0.02

0.03

Loss co ti ge cy o legal matte s

—

0.01

(Gai s) loss o lo g-te m i vestme ts, et

(67

)

(0.04

)

(483

)

(0.29

)

(26

)

(0.02

)

Cha ge i fai value of wa a t liability ⁽³⁾

1,097

0.66

—

Equity i come i i vestee

)

—

)

—

(10

)

—

I come tax p ovisio

(1,073

)

(0.64

)

(161

)

(0.10

)

(140

)

(0.09

)

Loss (i come) f om disco ti ued ope atio s, et of tax ⁽⁴⁾

—

0.01

(71

)

(0.04

)

No -GAAP et i come / ea i gs pe sha e

3,471

2.09

2,760

1.66

1,965

1.20

(1)

Recove y of i ve to y loss at co t act ma ufactu e was elated to the ecove y of losses i cu ed as a esult of a i cide t at a thi d-pa ty co t act ma ufactu i g facility that occu ed i Q1’24.

(2)

Acquisitio – elated a d othe costs p ima ily i cluded t a sactio costs, pu chase p ice fai value adjustme ts fo i ve to y, ce tai compe satio cha ges, a d wo kfo ce ebala ci g cha ges.

(3)

Cha ge i fai value of wa a t liability elati g to the qua te ly emeasu eme t of wa a ts issued to ce tai custome s is d ive by cha ges i AMD’s stock p ice a d othe valuatio assumptio s.

(4)

Loss (i come) f om disco ti ued ope atio s pe tai ed to ZT Systems’ ma ufactu i g busi ess which was divested i Q4’25 a d i cluded the impact f om measu eme t pe iod adjustme ts i Q1’26.

About AMDAMD (NASDAQ: AMD) d ives i ovatio i high-pe fo ma ce a d AI computi g to solve the wo ld’s most impo ta t challe ges. Today, AMD tech ology powe s billio s of expe ie ces ac oss cloud a d AI i f ast uctu e, embedded systems, AI PCs a d gami g. With a b oad po tfolio of AI-optimized CPUs, GPUs, etwo ki g a d softwa e, AMD delive s full-stack AI solutio s that p ovide the pe fo ma ce a d scalability eeded fo a ew e a of i tellige t computi g. Lea mo e at www.amd.com.

Cautio a y Stateme t

This p ess elease co tai s fo wa d-looki g stateme ts co ce i g Adva ced Mic o Devices, I c. (AMD) such as, expectatio s fo eve ue a d ea i gs g owth to accele ate i the fou th qua te of 2026; AMD’s ability to sustai ve y st o g eve ue g owth a d ea i gs p ofitability ove the comi g yea s; AMD’s busi ess model a d expectatio s ega di g ope ati g leve age a d scale i its Data Ce te busi ess; AMD’s a ticipated dema d ac oss its Data Ce te po tfolio a d scali g p oductio of Helios a d “Ve ice”; the expected pla s, be efits a d timi g of AMD’s st ategic collabo atio s, i cludi g with A th opic, Meta, Mic osoft, Ope AI, O acle Cloud I f ast uctu e, HPE a d Kodiak AI; the expected timi g, completio a d be efits of AMD’s p oposed acquisitio s of Wo ld Labs a d Taalas; the featu es, fu ctio ality, pe fo ma ce, availability, timi g a d expected be efits of futu e AMD p oducts; a d AMD’s expected fou th qua te 2026 fi a cial outlook, i cludi g eve ue a d o -GAAP g oss ma gi , which a e made pu sua t to the Safe Ha bo p ovisio s of the P ivate Secu ities Litigatio Refo m Act of 1995. Fo wa d-looki g stateme ts a e commo ly ide tified by wo ds such as “would,” “may,” “expects,” “believes,” “pla s,” “i te ds,” “p ojects” a d othe te ms with simila mea i g. I vesto s a e cautio ed that the fo wa d-looki g stateme ts i this p ess elease a e based o cu e t beliefs, assumptio s a d expectatio s, speak o ly as of the date of this p ess elease a d i volve isks a d u ce tai ties that could cause actual esults to diffe mate ially f om cu e t expectatio s. Such stateme ts a e subject to ce tai k ow a d u k ow isks a d u ce tai ties, ma y of which a e difficult to p edict a d a e ge e ally beyo d AMD’s co t ol, that could cause actual esults a d othe futu e eve ts to diffe mate ially f om those exp essed i , o implied o p ojected by, the fo wa d-looki g i fo matio a d stateme ts. Mate ial facto s that could cause actual esults to diffe mate ially f om cu e t expectatio s i clude, without limitatio , the followi g: impact of gove me t actio s a d egulatio s such as expo t egulatio s, atio al-secu ity-based egulatio s, impo t ta iffs, t ade p otectio measu es, a d lice si g equi eme ts; competitive ma kets i which AMD’s p oducts a e sold; the cyclical atu e of the semico ducto i dust y; ma ket co ditio s of the i dust ies i which AMD p oducts a e sold; AMD’s ability to i t oduce p oducts o a timely basis with expected featu es a d pe fo ma ce levels; loss of a sig ifica t custome ; eco omic a d ma ket u ce tai ty; qua te ly a d seaso al sales patte s; AMD’s ability to adequately p otect its tech ology o othe i tellectual p ope ty; u favo able cu e cy excha ge ate fluctuatio s; ability of thi d pa ty ma ufactu e s to ma ufactu e AMD’s p oducts o a timely basis i sufficie t qua tities a d usi g competitive tech ologies; availability of esse tial equipme t, mate ials, compo e ts (such as memo y supply), subst ates o ma ufactu i g p ocesses; ability to achieve expected ma ufactu i g yields fo AMD’s p oducts; AMD’s ability to ge e ate eve ue f om its semi-custom SoC p oducts; pote tial secu ity vul e abilities; pote tial secu ity i cide ts i cludi g IT outages, data loss, data b eaches a d cybe attacks; u ce tai ties i volvi g the o de i g a d shipme t of AMD’s p oducts; AMD’s elia ce o thi d-pa ty i tellectual p ope ty to desig a d i t oduce ew p oducts; AMD’s elia ce o thi d-pa ty compa ies fo desig , ma ufactu e a d supply of mothe boa ds, softwa e, memo y a d othe compute platfo m compo e ts; AMD’s elia ce o Mic osoft a d othe softwa e ve do s’ suppo t to desig a d develop softwa e to u o AMD’s p oducts; AMD’s elia ce o thi d-pa ty dist ibuto s a d add-i -boa d pa t e s; impact of modificatio o i te uptio of AMD’s i te al busi ess p ocesses a d i fo matio systems; compatibility of AMD’s p oducts with some o all i dust y-sta da d softwa e a d ha dwa e; costs elated to defective p oducts; failu e to mai tai a efficie t supply chai as custome dema d cha ges; AMD’s ability to ely o thi d pa ty supply-chai logistics fu ctio s; AMD’s ability to effectively co t ol sales of its p oducts o the g ay ma ket; impact of climate cha ge o AMD’s busi ess; AMD’s ability to ealize its defe ed tax assets; pote tial tax liabilities; cu e t a d futu e claims a d litigatio ; impact of e vi o me tal laws, co flict mi e als elated p ovisio s a d othe laws o egulatio s; evolvi g expectatio s f om gove me ts, i vesto s, custome s a d othe stakeholde s ega di g co po ate espo sibility matte s; issues elated to the espo sible use of AI; est ictio s imposed by ag eeme ts gove i g AMD’s otes, the gua a tees of Xili x’s otes a d the evolvi g c edit ag eeme t; AMD’s ability to satisfy fi a cial obligatio s u de gua a tees, leases a d othe comme cial commitme ts; impact of acquisitio s, joi t ve tu es a d/o i vestme ts o AMD’s busi ess a d AMD’s ability to i teg ate acqui ed busi esses; impact of a y impai me t of the combi ed compa y’s assets; political, legal a d eco omic isks a d atu al disaste s; futu e impai me ts of tech ology lice se pu chases; AMD’s ability to att act a d etai key employees; a d AMD’s stock p ice volatility, i cludi g the pote tial impact o the fai value of custome wa a ts a d AMD’s GAAP ea i gs. I vesto s a e u ged to eview i detail the isks a d u ce tai ties i AMD’s Secu ities a d Excha ge Commissio fili gs, i cludi g but ot limited to AMD’s most ece t epo ts o Fo ms 10-K a d 10-Q.

(*)

I this ea i gs p ess elease, i additio to GAAP fi a cial esults, AMD has p ovided o -GAAP fi a cial measu es i cludi g o -GAAP g oss p ofit, o -GAAP g oss ma gi , o -GAAP ope ati g expe ses, o -GAAP ope ati g expe ses/ eve ue pe ce t, o -GAAP ope ati g i come, o -GAAP ope ati g ma gi , o -GAAP et i come a d o -GAAP diluted ea i gs pe sha e. AMD uses a o malized tax ate i its computatio of the o -GAAP i come tax p ovisio to p ovide bette co siste cy ac oss the epo ti g pe iods. Fo fiscal 2026, AMD uses a p ojected o -GAAP tax ate of 13%, which excludes the tax impact of p e-tax o -GAAP adjustme ts. AMD also p ovides adjusted EBITDA, f ee cash flow a d f ee cash flow ma gi as suppleme tal o -GAAP measu es of its pe fo ma ce. These items a e defi ed i the foot otes to the selected co po ate data tables p ovided at the e d of this ea i gs p ess elease. AMD is p ovidi g these fi a cial measu es because it believes this o -GAAP p ese tatio makes it easie fo i vesto s to compa e its ope ati g esults fo cu e t a d histo ical pe iods a d also because AMD believes it assists i vesto s i compa i g AMD’s pe fo ma ce ac oss epo ti g pe iods o a co siste t basis by excludi g items that it does ot believe a e i dicative of its co e ope ati g pe fo ma ce a d fo the othe easo s desc ibed i the foot otes to the selected data tables. The o -GAAP fi a cial measu es disclosed i this ea i gs p ess elease should be viewed i additio to a d ot as a substitute fo o supe io to AMD’s epo ted esults p epa ed i acco da ce with GAAP a d should be ead o ly i co ju ctio with AMD’s Co solidated Fi a cial Stateme ts p epa ed i acco da ce with GAAP. These o -GAAP fi a cial measu es efe e ced a e eco ciled to thei most di ectly compa able GAAP fi a cial measu es i the data tables i this ea i gs p ess elease. This ea i gs p ess elease also co tai s fo wa d-looki g o -GAAP g oss ma gi co ce i g AMD’s fi a cial outlook, which is based o cu e t expectatio s as of Novembe 3, 2026, a d assumptio s a d beliefs that i volve ume ous isks a d u ce tai ties. Adjustme ts to a ive at the GAAP g oss ma gi outlook typically i clude stock-based compe satio , amo tizatio of acqui ed i ta gible assets a d acquisitio – elated a d othe costs. The timi g a d impact of such adjustme ts a e depe de t o futu e eve ts that a e typically u ce tai o outside of AMD’s co t ol, the efo e, a eco ciliatio to equivale t GAAP measu es is ot p acticable at this time. AMD u de takes o i te t o obligatio to publicly update o evise its outlook stateme ts as a esult of ew i fo matio , futu e eve ts o othe wise, except as may be equi ed by law.

-30-

©2026 Adva ced Mic o Devices, I c. All ights ese ved. AMD, the AMD A ow logo, 3D V-Cache, Alveo, I sti ct, EPYC, ROCm, FidelityFX, Helios, K ia, Radeo , Ryze , Th ead ippe , Ult ascale+, Ve sal, Zy q, a d combi atio s the eof, a e t adema ks of Adva ced Mic o Devices, I c.

ADVANCED MICRO DEVICES, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Millio s except pe sha e amou ts a d pe ce tages) (U audited)

Th ee Mo ths E ded

Ni e Mo ths E ded

Septembe 26,2026

Ju e 27,2026

Septembe 27,2025

Septembe 26,2026

Septembe 27,2025

Net eve ue

13,377

11,536

9,246

35,166

24,369

Cost of sales

5,910

5,073

4,206

15,559

12,023

Amo tizatio of acquisitio – elated i ta gibles

257

260

778

771

Total cost of sales

6,167

5,333

4,466

16,337

12,794

G oss p ofit

7,210

6,203

4,780

18,829

11,575

G oss ma gi

Resea ch a d developme t

2,803

2,528

2,139

7,728

5,761

Ma keti g, ge e al a d admi ist ative

1,298

1,401

1,069

3,952

2,946

Amo tizatio of acquisitio – elated i ta gibles

277

284

302

851

926

Total ope ati g expe ses

4,378

4,213

3,510

12,531

9,633

Ope ati g i come

2,832

1,990

1,270

6,298

1,942

I te est expe se

(62

)

(37

)

(37

)

(136

)

(95

)

Othe i come (expe se), et

(902

)

598

(139

)

219

I come f om co ti ui g ope atio s befo e i come taxes a d equity i come

1,868

2,551

1,315

6,023

2,066

I come tax p ovisio (be efit)

(555

)

252

153

(65

)

(558

)

Equity i come i i vestee

I come f om co ti ui g ope atio s, et of tax

2,428

2,305

1,172

6,105

2,649

I come (loss) f om disco ti ued ope atio s, et of tax

—

)

175

Net i come

2,428

2,297

1,243

6,108

2,824

Ea i gs pe sha e:

Basic ea i gs f om co ti ui g ope atio s

1.48

1.41

0.72

3.74

1.63

Basic ea i gs f om disco ti ued ope atio s

—

(0.01

)

0.04

—

0.11

Basic ea i gs pe sha e

1.48

1.40

0.76

3.74

1.74

Diluted ea i gs f om co ti ui g ope atio s

1.46

1.39

0.71

3.69

1.62

Diluted ea i gs f om disco ti ued ope atio s

—

(0.01

)

0.04

—

0.11

Diluted ea i gs pe sha e

1.46

1.38

0.75

3.69

1.73

Sha es used i pe sha e calculatio

Basic

1,636

1,632

1,626

1,633

1,623

Diluted

1,661

1,659

1,641

1,657

1,632

ADVANCED MICRO DEVICES, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(Millio s)

Septembe 26,2026

Decembe 27,2025

(U audited)

ASSETS

Cu e t assets:

Cash a d cash equivale ts

7,404

5,539

Sho t-te m i vestme ts

8,372

5,013

Accou ts eceivable, et

9,209

6,315

I ve to ies

11,463

7,920

P epaid expe ses a d othe cu e t assets

3,023

2,160

Total cu e t assets

39,471

26,947

P ope ty a d equipme t, et

3,929

2,312

Goodwill

25,470

25,126

Acquisitio – elated i ta gibles, et

15,101

16,705

Defe ed tax assets

821

384

Othe o -cu e t assets

10,020

5,452

Total Assets

94,812

76,926

LIABILITIES AND STOCKHOLDERS’ EQUITY

Cu e t liabilities:

Accou ts payable

7,756

2,929

Acc ued liabilities

6,231

5,250

Cu e t po tio of lo g-te m debt, et

—

874

Othe cu e t liabilities

499

402

Total cu e t liabilities

14,486

9,455

Lo g-te m debt

7,079

2,348

Lo g-te m ope ati g lease liabilities

1,837

625

Defe ed tax liabilities

295

313

Othe lo g-te m liabilities

2,726

1,186

Stockholde s’ equity:

Capital stock:

Commo stock, pa value $0.01

Additio al paid-i capital

61,769

63,365

T easu y stock, at cost

—

(7,079

)

Retai ed ea i gs

6,720

6,699

Accumulated othe comp ehe sive loss

(116

)

Total stockholde s’ equity

68,389

62,999

Total Liabilities a d Stockholde s’ Equity

94,812

76,926

ADVANCED MICRO DEVICES, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Millio s) (U audited)

Th ee Mo ths E ded

Ni e Mo ths E ded

Septembe 26,2026

Septembe 27,2025

Septembe 26,2026

Septembe 27,2025

Cash flows f om ope ati g activities:

Net i come

2,428

1,243

6,108

2,824

(I come) loss f om disco ti ued ope atio s, et of tax

—

(71

)

(175

)

Adjustme ts to eco cile et i come to et cash p ovided by ope ati g activities:

Dep eciatio a d amo tizatio

239

192

666

556

Amo tizatio of acquisitio – elated i ta gibles

534

562

1,629

1,697

Stock-based compe satio

523

419

1,513

1,152

Gai s f om lo g-te m i vestme ts, et

(67

)

(25

)

(616

)

(61

)

No -cash impact of wa a ts issued to custome s, et

1,179

—

1,179

—

Defe ed i come taxes

(321

)

218

(427

)

Recove y of i ve to y loss at co t act ma ufactu e

—

(67

)

—

(67

)

Othe

105

Cha ges i ope ati g assets a d liabilities:

Accou ts eceivable, et

(1,928

)

(1,085

)

(2,894

)

I ve to ies

(2,995

)

(636

)

(3,543

)

(1,579

)

P epaid expe ses a d othe assets

(1,070

)

118

(2,061

)

(259

)

Accou ts payable

2,313

451

4,483

998

Acc ued a d othe liabilities

323

444

384

(998

)

Net cash p ovided by ope ati g activities of co ti ui g ope atio s

1,202

1,788

6,523

4,189

Net cash p ovided by ope ati g activities of disco ti ued ope atio s

—

371

—

920

Net cash p ovided by ope ati g activities

1,202

2,159

6,523

5,109

Cash flows f om i vesti g activities:

Pu chases of p ope ty a d equipme t

(648

)

(258

)

(1,845

)

(752

)

Pu chases of sho t-te m i vestme ts

(2,199

)

(1,314

)

(6,754

)

(2,110

)

P oceeds f om matu ity of sho t-te m i vestme ts

1,777

299

3,044

982

P oceeds f om sale of sho t-te m i vestme ts

366

Pu chases of lo g-te m i vestme ts

(238

)

(74

)

(1,082

)

(432

)

Acquisitio s, et of cash acqui ed

—

(129

)

(1,716

)

Othe

(15

)

—

(15

)

—

Net cash used i i vesti g activities of co ti ui g ope atio s

(1,243

)

(1,329

)

(6,415

)

(3,962

)

Pu chases of p ope ty a d equipme t

—

)

—

(30

)

Payme t fo wo ki g capital adjustme t o divestitu e

—

(243

)

—

Net cash used i i vesti g activities of disco ti ued ope atio s

—

)

(243

)

(30

)

Net cash used i i vesti g activities

(1,243

)

(1,337

)

(6,658

)

(3,992

)

Cash flows f om fi a ci g activities:

P oceeds f om debt a d comme cial pape issua ce, et of issua ce costs

4,726

—

4,726

2,441

Repayme t of debt a d comme cial pape

(875

)

—

(875

)

(950

)

P oceeds f om sales of commo stock th ough employee equity pla s

210

169

Repu chases of commo stock

—

(89

)

(221

)

(1,316

)

Stock epu chases fo tax withholdi g o employee equity pla s

(1,495

)

(371

)

(1,836

)

(447

)

Othe

(13

)

—

(21

)

—

Net cash p ovided by (used i ) fi a ci g activities

2,348

(450

)

1,983

(103

)

Net i c ease i cash, cash equivale ts a d est icted cash

2,307

372

1,848

1,014

Cash, cash equivale ts a d est icted cash at begi i g of pe iod

5,097

4,453

5,556

3,811

Cash, cash equivale ts a d est icted cash at e d of pe iod

7,404

4,825

7,404

4,825

Reco ciliatio of cash, cash equivale ts a d est icted cash

Cash a d cash equivale ts

7,404

4,808

7,404

4,808

Rest icted cash i cluded i P epaid expe ses a d othe cu e t assets

—

Cash, cash equivale ts a d est icted cash at e d of pe iod

7,404

4,825

7,404

4,825

ADVANCED MICRO DEVICES, INC.SELECTED CORPORATE DATA(Millio s) (U audited)

Th ee Mo ths E ded

Ni e Mo ths E ded

Septembe 26,2026

Ju e 27,2026

Septembe 27,2025

Septembe 26,2026

Septembe 27,2025

Segme t a d Disagg egated Reve ue I fo matio ⁽¹⁾

Net Reve ue:

Data Ce te Segme t

8,546

6,718

4,341

21,039

11,255

Clie t a d Gami g Segme t

Clie t

2,949

3,062

2,750

8,896

7,543

Gami g

773

779

1,298

2,272

3,067

Total Clie t a d Gami g

3,722

3,841

4,048

11,168

10,610

Embedded Segme t

1,109

977

857

2,959

2,504

Total et eve ue

13,377

11,536

9,246

35,166

24,369

Ope ati g I come (Loss):

Data Ce te Segme t

2,882

2,103

1,074

6,584

1,851

Clie t a d Gami g Segme t

573

582

867

1,730

2,130

Embedded Segme t

453

386

283

1,177

886

All othe

(1,076

)

(1,081

)

(954

)

(3,193

)

(2,925

)

Total ope ati g i come

2,832

1,990

1,270

6,298

1,942

Othe Data

Capital expe ditu es

648

808

258

1,845

752

Adjusted EBITDA ⁽²⁾

4,162

3,315

2,430

10,223

5,470

Cash, cash equivale ts a d sho t-te m i vestme ts

15,776

13,111

7,243

15,776

7,243

F ee cash flow⁽³⁾

554

1,558

1,530

4,678

3,437

Total assets

94,812

84,464

76,891

94,812

76,891

Total debt

7,079

3,226

3,220

7,079

3,220

(1)

The Compa y ope ates as th ee ope ati g segme ts, Data Ce te , Clie t a d Gami g, a d Embedded segme ts. The Data Ce te segme t p ima ily i cludes A tificial I tellige ce (AI) accele ato s, mic op ocesso s (CPUs) fo se ve s, g aphics p ocessi g u its (GPUs), accele ated p ocessi g u its (APUs), data p ocessi g u its (DPUs), AI Netwo k I te face Ca ds (AI NICs), Field P og ammable Gate A ays (FPGAs) a d adaptive System-o -Chip (SoC) p oducts fo data ce te s. The Clie t a d Gami g segme t p ima ily i cludes CPUs, APUs, chipsets fo desktops a d otebooks, disc ete GPUs, a d semi-custom SoC p oducts a d developme t se vices. The Embedded segme t p ima ily i cludes embedded CPUs, APUs, FPGAs, System o Modules (SOMs), a d adaptive SoC p oducts. F om time to time, the Compa y may also sell o lice se po tio s of its IP po tfolio. All Othe catego y p ima ily i cludes ce tai expe ses a d c edits that a e ot allocated to a y of the ope ati g segme ts, such as amo tizatio of acquisitio – elated i ta gibles, employee stock-based compe satio expe se, a d acquisitio – elated a d othe costs.

(2)

Reco ciliatio of GAAP Net I come to Adjusted EBITDA

Th ee Mo ths E ded

Ni e Mo ths E ded

(Millio s) (U audited)

Septembe 26,2026

Ju e 27,2026

Septembe 27,2025

Septembe 26,2026

Septembe 27,2025

GAAP et i come

2,428

2,297

1,243

6,108

2,824

I te est expe se

136

Othe (i come) expe se, et

902

(598

)

(82

)

139

(219

)

I come tax p ovisio (be efit)

(555

)

252

153

(65

)

(558

)

Equity i come i i vestee

)

(10

)

(17

)

(25

)

Stock-based compe satio

523

503

419

1,513

1,152

Dep eciatio a d amo tizatio

239

221

192

666

556

Amo tizatio of acquisitio – elated i ta gibles

534

544

562

1,629

1,697

Acquisitio – elated a d othe costs

178

Recove y of i ve to y loss at co t act ma ufactu e

—

(67

)

—

(67

)

Loss co ti ge cy o legal matte s

Loss (i come) f om disco ti ued ope atio s, et of tax

—

(71

)

(175

)

Adjusted EBITDA

4,162

3,315

2,430

10,223

5,470

The Compa y p ese ts “Adjusted EBITDA” as a suppleme tal measu e of its pe fo ma ce. Adjusted EBITDA fo the Compa y is dete mi ed by adjusti g GAAP et i come fo i te est expe se, othe (i come) expe se, et, i come tax p ovisio (be efit), equity i come i i vestee, stock-based compe satio , dep eciatio a d amo tizatio expe se, amo tizatio of acquisitio – elated i ta gibles, acquisitio – elated a d othe costs, ecove y of i ve to y loss at co t act ma ufactu e , loss co ti ge cy o legal matte s, a d loss (i come) f om disco ti ued ope atio s, et of tax. The Compa y calculates a d p ese ts Adjusted EBITDA because ma ageme t believes it is of impo ta ce to i vesto s a d le de s i elatio to its ove all capital st uctu e a d its ability to bo ow additio al fu ds. I additio , the Compa y p ese ts Adjusted EBITDA because it believes this measu e assists i vesto s i compa i g its pe fo ma ce ac oss epo ti g pe iods o a co siste t basis by excludi g items that the Compa y does ot believe a e i dicative of its co e ope ati g pe fo ma ce. The Compa y’s calculatio of Adjusted EBITDA may o may ot be co siste t with the calculatio of this measu e by othe compa ies i the same i dust y. I vesto s should ot view Adjusted EBITDA as a alte ative to the GAAP ope ati g measu e of et i come o GAAP liquidity measu es of cash flows f om ope ati g, i vesti g a d fi a ci g activities. I additio , Adjusted EBITDA does ot take i to accou t cha ges i ce tai assets a d liabilities that ca affect cash flows.

(3)

Reco ciliatio of GAAP Net Cash P ovided by Ope ati g Activities of Co ti ui g Ope atio s to F ee Cash Flow

Th ee Mo ths E ded

Ni e Mo ths E ded

(Millio s except pe ce tages) (U audited)

Septembe 26,2026

Ju e 27,2026

Septembe 27,2025

Septembe 26,2026

Septembe 27,2025

GAAP et cash p ovided by ope ati g activities of co ti ui g ope atio s

1,202

2,366

1,788

6,523

4,189

Ope ati g cash flow ma gi % f om co ti ui g ope atio s

Pu chases of p ope ty a d equipme t

(648

)

(808

)

(258

)

(1,845

)

(752

)

F ee cash flow

554

1,558

1,530

4,678

3,437

F ee cash flow ma gi %

The Compa y also p ese ts f ee cash flow as a suppleme tal No -GAAP measu e of its pe fo ma ce. F ee cash flow is dete mi ed by adjusti g GAAP et cash p ovided by ope ati g activities of co ti ui g ope atio s fo capital expe ditu es, a d f ee cash flow ma gi % is f ee cash flow exp essed as a pe ce tage of the Compa y’s et eve ue. The Compa y calculates a d commu icates f ee cash flow i the fi a cial ea i gs p ess elease because ma ageme t believes it is of impo ta ce to i vesto s to u de sta d the atu e of these cash flows. The Compa y’s calculatio of f ee cash flow may o may ot be co siste t with the calculatio of this measu e by othe compa ies i the same i dust y. I vesto s should ot view f ee cash flow as a alte ative to GAAP liquidity measu es of cash flows f om ope ati g activities.

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