SANTA CLARA, Calif., Aug. 04, 2026 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) today a ou ced fi a cial esults fo the seco d qua te of 2026. Seco d qua te eve ue was $11.5 billio , g oss ma gi was 54%, ope ati g i come was $2.0 billio , et i come was $2.3 billio a d diluted ea i gs pe sha e was $1.38. O a o -GAAP(*) basis, g oss ma gi was 56%, ope ati g i come was $3.1 billio , et i come was $2.8 billio a d diluted ea i gs pe sha e was $1.66.
“We delive ed a excelle t qua te , with eco d eve ue a d p ofitability as Data Ce te eve ue mo e tha doubled yea -ove -yea ,” said D . Lisa Su, AMD chai a d CEO. “We e te the seco d half with st o g mome tum as EPYC dema d accele ates, I sti ct deployme ts scale a d Helios begi s to amp. Mo e b oadly, AI is d ivi g a sig ifica t expa sio i dema d fo compute ac oss all of ou ma kets, a d ou leade ship po tfolio a d g owi g custome visibility positio us exceptio ally well to captu e this expa di g oppo tu ity a d delive substa tial eve ue a d ea i gs g owth i the yea s ahead.”
“Reve ue i c eased 50% yea -ove -yea to a eco d $11.5 billio , d ive by co ti ued st e gth i ou Data Ce te busi ess, which ep ese ted 58% of compa y eve ue i the qua te ,” said Jea Hu, AMD executive vice p eside t, chief fi a cial office a d t easu e . “We expect Data Ce te sales to accele ate i the seco d half of 2026, d ivi g st o ge ove all eve ue g owth a d co ti ued ea i gs expa sio .”
GAAP Qua te ly Fi a cial Results
Q2’26
Q2’25(1)
Y/Y(1)
Q1’26
Q/Q
Reve ue ($M)
$11,536
$7,685
Up 50%
$10,253
Up 13%
G oss p ofit ($M)
$6,203
$3,059
Up 103%
$5,416
Up 15%
G oss ma gi
54%
40%
Up 14 ppts
53%
Up 1 ppt
Ope ati g expe ses ($M)
$4,213
$3,193
Up 32%
$3,940
Up 7%
Ope ati g i come ($M)
$1,990
$(134)
Up 1585%
$1,476
Up 35%
Ope ati g ma gi
17%
(2)%
Up 19 ppts
14%
Up 3 ppts
Net i come ($M)
$2,297
$872
Up 163%
$1,383
Up 66%
Diluted ea i gs pe sha e
$1.38
$0.54
Up 156%
$0.84
Up 64%
(1) Q2’25 esults i cluded $800 millio i i ve to y a d elated cha ges due to the U.S. Gove me t’s expo t co t ol o AMD I sti ct™ MI308 data ce te GPU p oducts
No -GAAP(*) Qua te ly Fi a cial Results
Q2’26
Q2’25(2)
Y/Y(2)
Q1’26
Q/Q
Reve ue ($M)
$11,536
$7,685
Up 50%
$10,253
Up 13%
G oss p ofit ($M)
$6,488
$3,326
Up 95%
$5,685
Up 14%
G oss ma gi
56%
43%
Up 13 ppts
55%
Up 1 ppt
Ope ati g expe ses ($M)
$3,394
$2,429
Up 40%
$3,145
Up 8%
Ope ati g i come ($M)
$3,094
$897
Up 245%
$2,540
Up 22%
Ope ati g ma gi
27%
12%
Up 15 ppts
25%
Up 2 ppts
Net i come ($M)
$2,760
$781
Up 253%
$2,265
Up 22%
Diluted ea i gs pe sha e
$1.66
$0.48
Up 246%
$1.37
Up 21%
(2) Q2’25 esults i cluded $800 millio i i ve to y a d elated cha ges due to the U.S. Gove me t’s expo t co t ol o AMD I sti ct™ MI308 data ce te GPU p oducts
Segme t Summa y
Data Ce te segme t eve ue was $6.7 billio , up 107% yea -ove -yea , d ive by st o g dema d fo AMD EPYC™ p ocesso s a d AMD I sti ct™ GPUs.
Clie t a d Gami g segme t eve ue was $3.8 billio , up 6% yea -ove -yea . Clie t busi ess eve ue was $3.1 billio , up 23% yea -ove -yea , p ima ily d ive by st o g dema d fo AMD Ryze ™ p ocesso s. Gami g busi ess eve ue was $779 millio , dow 31% yea -ove -yea , due to lowe semi-custom eve ue.
Embedded segme t eve ue was $977 millio , up 19% yea -ove -yea , as dema d st e gthe ed ac oss multiple e d ma kets.
Rece t Highlights
AMD a ou ced a b oad po tfolio of high-pe fo ma ce a d AI computi g solutio s a d st ategic pa t e ships to accele ate AI deployme ts at scale:
Lau ched the AMD Helios™ ackscale solutio , the wo ld’s most powe ful AI se ve ack. AMD Helios delive s leade ship i fe e ce toke s pe dolla a d is bei g deployed by leadi g AI labs a d cloud p ovide s i cludi g A th opic, Ci ascale, HUMAIN, Meta, Mic osoft, Ope AI, O acle, Te so wave, Vult a d othe s.
Lau ched the AMD I sti ct MI400 Se ies GPU family, i cludi g MI455X, b i gi g leade ship compute, memo y capacity a d ba dwidth fo la ge-scale AI t ai i g a d i fe e ce, a d MI430X, the most adva ced accele ato fo HPC a d sove eig AI wo kloads.
I t oduced 6th Ge AMD EPYC se ve CPUs, built to delive leade ship pe fo ma ce ac oss the full a ge of age tic AI, ge e al-pu pose a d e te p ise wo kloads.
Released ROCm.ai, a AI- ative develope expe ie ce desig ed to help develope s build, deploy a d optimize faste ac oss AMD platfo ms.
A ou ced a st ategic pa t e ship with A th opic to deploy up to 2 gigawatts of MI450 Se ies GPUs i AMD Helios acks a d a multiyea collabo atio to optimize AMD I sti ct GPUs a d ROCm softwa e developme t usi g Claude.
Expa ded collabo atio with Mic osoft to deploy AMD Helios acks at scale o Azu e to powe f o tie model i fe e ce. Azu e will also add two ew AMD EPYC CPU-powe ed VM se ies a d b oade its deployme t of Pe sa do™ DPUs to suppo t Azu e etwo ki g se vices.
A ou ced a collabo atio with Ce eb as to b i g togethe AMD Helios a d Ce eb as Wafe -Scale E gi e to imp ove efficie cy, scalability a d eco omics fo ult a-low-late cy i fe e ce se vi g.
Lau ched the AMD I sti ct MI350P GPU, desig ed to b i g seamless AI accele atio to existi g i f ast uctu e with leade ship toke eco omics.
Acqui ed MEXT, addi g AI-powe ed p edictive memo y tech ology desig ed to optimize memo y use a d expa d usable capacity fo AI wo kloads.
AMD exte ded its PC offe i gs fo e te p ises, develope s a d game s:
Released Ryze AI Halo systems, pu pose-built fo develope s to build, test a d u age tic AI wo kflows locally with leade ship pe fo ma ce optimized by AMD ROCm™ ope softwa e suppo t.
Lau ched AMD Ryze 7700X3D p ocesso s a d exte ded suppo t fo Socket AM5 platfo ms th ough 2029, givi g game s mo e pe fo ma ce a d lo gevity.
Cisco a d AMD a e collabo ati g to b i g togethe AMD Ryze AI Halo systems with Cisco etwo ki g, obse vability a d secu ity capabilities, so e te p ises ca deploy, gove a d ma age hyb id a d local age tic AI at scale.
Expa ded global availability of AMD Radeo RX 9070 GRE g aphics ca ds, exte di g pe fo ma ce a d adva ced ay t aci g capabilities to mo e game s.
AMD expa ded its adaptive a d embedded AI po tfolio:
Cu e t Outlook
AMD’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 thi d qua te of 2026, AMD expects eve ue to be app oximately $13 billio , plus o mi us $300 millio . The mid-poi t of the eve ue a ge ep ese ts yea -ove -yea g owth of app oximately 41% a d a seque tial i c ease of app oximately 13%. No -GAAP g oss ma gi is expected to be app oximately 56%.
AMD Teleco fe e ce
AMD will hold a co fe e ce call at 2:00 p.m. PT (5:00 p.m. ET) today to discuss its seco 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
Ju e 27,2026
Ma ch 28,2026
Ju e 28,2025
GAAP g oss p ofit
$
6,203
$
5,416
$
3,059
GAAP g oss ma gi
54
%
53
%
40
%
Stock-based compe satio
8
8
6
Amo tizatio of acquisitio – elated i ta gibles
260
261
260
Acquisitio – elated a d othe costs (1)
—
—
1
Loss co ti ge cy o legal matte s
17
—
—
No -GAAP g oss p ofit
$
6,488
$
5,685
$
3,326
No -GAAP g oss ma gi
56
%
55
%
43
%
GAAP ope ati g expe ses
$
4,213
$
3,940
$
3,193
GAAP ope ati g expe ses/ eve ue %
37
%
38
%
42
%
Stock-based compe satio
495
479
363
Amo tizatio of acquisitio – elated i ta gibles
284
290
308
Acquisitio – elated a d othe costs (1)
40
26
93
No -GAAP ope ati g expe ses
$
3,394
$
3,145
$
2,429
No -GAAP ope ati g expe ses/ eve ue %
29
%
31
%
32
%
GAAP ope ati g i come (loss)
$
1,990
$
1,476
$
(134
)
GAAP ope ati g ma gi
17
%
14
%
(2
)%
Stock-based compe satio
503
487
369
Amo tizatio of acquisitio – elated i ta gibles
544
551
568
Acquisitio – elated a d othe costs (1)
40
26
94
Loss co ti ge cy o legal matte s
17
—
—
No -GAAP ope ati g i come
$
3,094
$
2,540
$
897
No -GAAP ope ati g ma gi
27
%
25
%
12
%
Th ee Mo ths E ded
Ju e 27,2026
Ma ch 28,2026
Ju e 28,2025
GAAP et i come / ea i gs pe sha e
$
2,297
$
1.38
$
1,383
$
0.84
$
872
$
0.54
Stock-based compe satio
503
0.30
487
0.30
369
0.23
Amo tizatio of acquisitio – elated i ta gibles
544
0.33
551
0.33
568
0.35
Acquisitio – elated a d othe costs (1)
41
0.02
27
0.02
96
0.05
Loss co ti ge cy o legal matte s
17
0.01
—
—
—
—
(Gai s) loss o lo g-te m i vestme ts, et
(483
)
(0.29
)
(66
)
(0.04
)
(61
)
(0.04
)
Equity i come i i vestee
(6
)
—
(6
)
—
(8
)
—
Release of ese ves fo u ce tai tax positio s (2)
—
—
—
—
(853
)
(0.52
)
I come tax p ovisio
(161
)
(0.10
)
(100
)
(0.07
)
(98
)
(0.06
)
Loss (i come) f om disco ti ued ope atio s, et of tax(3)
8
0.01
(11
)
(0.01
)
(104
)
(0.07
)
No -GAAP et i come / ea i gs pe sha e
$
2,760
$
1.66
$
2,265
$
1.37
$
781
$
0.48
(1)
Acquisitio – elated a d othe costs p ima ily i clude 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.
(2)
Release of ese ves fo u ce tai tax positio s pe tai s to the easo able cause elief elated to dual co solidated losses app oved by the I te al Reve ue Se vice i Q2’25.
(3)
Loss (i come) f om disco ti ued ope atio s elates to ZT Systems’ ma ufactu i g busi ess which was divested i Q4’25, a d i cludes impact f om measu eme t pe iod adjustme ts i Q1’26.
About AMD
AMD (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, AMD’s st o g mome tum i the seco d half of 2026; AI d ivi g compute dema d ac oss AMD’s ma kets; AMD bei g well positio ed to captu e expa di g oppo tu ity; AMD’s ability to delive substa tial eve ue a d ea i gs g owth i the yea s ahead; accele atio of AMD’s Data Ce te sales g owth i seco d half of 2026 d ivi g st o ge ove all eve ue g owth a d co ti ued ea i gs expa sio ; the st ategic pa t e ship with A th opic a d the deployme t of up to two gigawatts of AMD I sti ct GPUs i AMD Helios ack-scale solutio s a d multiyea collabo atio ; expected pla s, be efits a d timi g of AMD’s pa t e ships a d st ategic collabo atio s, i cludi g with Mic osoft, Ce eb as a d Cisco; 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 thi d 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 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 used a 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 August 4, 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.
ADVANCED MICRO DEVICES, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Millio s) (U audited)
Th ee Mo ths E ded
Six Mo ths E ded
Ju e 27,2026
Ju e 28,2025
Ju e 27,2026
Ju e 28,2025
Cash flows f om ope ati g activities:
Net i come
$
2,297
$
872
$
3,680
$
1,581
(I come) loss f om disco ti ued ope atio s, et of tax
8
(104
)
(3
)
(104
)
Adjustme ts to eco cile et i come to et cash p ovided by ope ati g activities:
Dep eciatio a d amo tizatio
221
189
427
364
Amo tizatio of acquisitio – elated i ta gibles
544
568
1,095
1,135
Stock-based compe satio
503
369
990
733
Gai s f om lo g-te m i vestme ts, et
(483
)
(38
)
(549
)
(36
)
Defe ed i come taxes
(27
)
(886
)
(106
)
(1,053
)
Othe
33
28
61
65
Cha ges i ope ati g assets a d liabilities:
Accou ts eceivable, et
(1,246
)
330
(966
)
1,078
I ve to ies
(423
)
(261
)
(548
)
(943
)
P epaid expe ses a d othe assets
(683
)
(140
)
(991
)
(377
)
Accou ts payable
2,274
836
2,170
547
Acc ued a d othe liabilities
(652
)
(301
)
61
(589
)
Net cash p ovided by ope ati g activities of co ti ui g ope atio s
2,366
1,462
5,321
2,401
Net cash p ovided by ope ati g activities of disco ti ued ope atio s
—
549
—
549
Net cash p ovided by ope ati g activities
2,366
2,011
5,321
2,950
Cash flows f om i vesti g activities:
Pu chases of p ope ty a d equipme t
(808
)
(282
)
(1,197
)
(494
)
Pu chases of sho t-te m i vestme ts
(2,010
)
(492
)
(4,555
)
(796
)
P oceeds f om matu ity of sho t-te m i vestme ts
615
318
1,267
683
P oceeds f om sale of sho t-te m i vestme ts
160
15
286
48
Pu chases of lo g-te m i vestme ts
(435
)
(119
)
(844
)
(358
)
Acquisitio s, et of cash acqui ed
(129
)
(1,716
)
(129
)
(1,716
)
Net cash used i i vesti g activities of co ti ui g ope atio s
(2,607
)
(2,276
)
(5,172
)
(2,633
)
Pu chases of p ope ty a d equipme t
—
(22
)
—
(22
)
Payme t fo wo ki g capital adjustme t o divestitu e
(243
)
—
(243
)
—
Net cash used i i vesti g activities of disco ti ued ope atio s
(243
)
(22
)
(243
)
(22
)
Net cash used i i vesti g activities
(2,850
)
(2,298
)
(5,415
)
(2,655
)
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
—
—
—
2,441
Repayme t of debt a d comme cial pape
—
(950
)
—
(950
)
P oceeds f om sales of commo stock th ough employee equity pla s
200
155
205
159
Repu chases of commo stock
—
(478
)
(221
)
(1,227
)
Stock epu chases fo tax withholdi g o employee equity pla s
(207
)
(46
)
(341
)
(76
)
Othe
(8
)
—
(8
)
—
Net cash p ovided by (used i ) fi a ci g activities
(15
)
(1,319
)
(365
)
347
Net i c ease (dec ease) i cash, cash equivale ts a d est icted cash
(499
)
(1,606
)
(459
)
642
Cash, cash equivale ts a d est icted cash at begi i g of pe iod
5,596
6,059
5,556
3,811
Cash, cash equivale ts a d est icted cash at e d of pe iod
$
5,097
$
4,453
$
5,097
$
4,453
Reco ciliatio of cash, cash equivale ts a d est icted cash
Cash a d cash equivale ts
$
5,086
$
4,442
$
5,086
$
4,442
Rest icted cash i cluded i P epaid expe ses a d othe cu e t assets
11
11
11
11
Cash, cash equivale ts a d est icted cash at e d of pe iod
$
5,097
$
4,453
$
5,097
$
4,453
ADVANCED MICRO DEVICES, INC.SELECTED CORPORATE DATA(Millio s) (U audited)
Th ee Mo ths E ded
Six Mo ths E ded
Ju e 27,2026
Ma ch 28,2026
Ju e 28,2025
Ju e 27,2026
Ju e 28,2025
Segme t a d Disagg egated Reve ue I fo matio (1)
Net Reve ue:
Data Ce te Segme t
$
6,718
$
5,775
$
3,240
$
12,493
$
6,914
Clie t a d Gami g Segme t
Clie t
3,062
2,885
2,499
5,947
4,793
Gami g
779
720
1,122
1,499
1,769
Total Clie t a d Gami g
3,841
3,605
3,621
7,446
6,562
Embedded Segme t
977
873
824
1,850
1,647
Total et eve ue
$
11,536
$
10,253
$
7,685
$
21,789
$
15,123
Ope ati g I come (Loss):
Data Ce te Segme t
$
2,103
$
1,599
$
(155
)
$
3,702
$
777
Clie t a d Gami g Segme t
582
575
767
1,157
1,263
Embedded Segme t
386
338
275
724
603
All othe
(1,081
)
(1,036
)
(1,021
)
(2,117
)
(1,971
)
Total ope ati g i come (loss)
$
1,990
$
1,476
$
(134
)
$
3,466
$
672
Othe Data
Capital expe ditu es
$
808
$
389
$
282
$
1,197
$
494
Adjusted EBITDA (2)
$
3,315
$
2,746
$
1,086
$
6,061
$
3,040
Cash, cash equivale ts a d sho t-te m i vestme ts
$
13,111
$
12,347
$
5,867
$
13,111
$
5,867
F ee cash flow (3)
$
1,558
$
2,566
$
1,180
$
4,124
$
1,907
Total assets
$
84,464
$
79,642
$
74,820
$
84,464
$
74,820
Total debt
$
3,226
$
3,224
$
3,218
$
3,226
$
3,218
(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
Six Mo ths E ded
(Millio s) (U audited)
Ju e 27,2026
Ma ch 28,2026
Ju e 28,2025
Ju e 27,2026
Ju e 28,2025
GAAP et i come
$
2,297
$
1,383
$
872
$
3,680
$
1,581
I te est expe se
37
37
38
74
58
Othe (i come) expe se, et
(598
)
(165
)
(98
)
(763
)
(137
)
I come tax p ovisio (be efit)
252
238
(834
)
490
(711
)
Equity i come i i vestee
(6
)
(6
)
(8
)
(12
)
(15
)
Stock-based compe satio
503
487
369
990
733
Dep eciatio a d amo tizatio
221
206
189
427
364
Amo tizatio of acquisitio – elated i ta gibles
544
551
568
1,095
1,135
Acquisitio – elated a d othe costs
40
26
94
66
136
Loss co ti ge cy o legal matte s
17
—
—
17
—
Loss (i come) f om disco ti ued ope atio s, et of tax
8
(11
)
(104
)
(3
)
(104
)
Adjusted EBITDA
$
3,315
$
2,746
$
1,086
$
6,061
$
3,040
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, 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
Six Mo ths E ded
(Millio s except pe ce tages) (U audited)
Ju e 27,2026
Ma ch 28,2026
Ju e 28,2025
Ju e 27,2026
Ju e 28,2025
GAAP et cash p ovided by ope ati g activities of co ti ui g ope atio s
$
2,366
$
2,955
$
1,462
$
5,321
$
2,401
Ope ati g cash flow ma gi % f om co ti ui g ope atio s
21
%
29
%
19
%
24
%
16
%
Pu chases of p ope ty a d equipme t
(808
)
(389
)
(282
)
(1,197
)
(494
)
F ee cash flow
$
1,558
$
2,566
$
1,180
$
4,124
$
1,907
F ee cash flow ma gi %
14
%
25
%
15
%
19
%
13
%
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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