Summary
Advanced Micro Devices (AMD) reported strong financial results for the quarter ending March 28, 2026, with net revenue reaching $10.3 billion, a significant 38% increase year-over-year. This growth was primarily propelled by robust demand in the Data Center segment, driven by high-performance EPYC processors and Instinct GPUs, and a healthy increase in the Client and Gaming segment due to Ryzen processors. The company also demonstrated improved profitability, with gross margin expanding to 53% from 50% in the prior year, attributed to a favorable product mix. Operating income more than doubled to $1.5 billion, and net income surged to $1.4 billion, translating to diluted earnings per share of $0.84. AMD's financial position remains solid, with cash, cash equivalents, and short-term investments totaling $12.3 billion, and the company continues to generate substantial cash from operations, funding strategic investments and returning capital to shareholders through stock repurchases.
Financial Highlights
53 data points| Revenue | $10.25B |
| Cost of Revenue | $4.84B |
| Gross Profit | $5.42B |
| R&D Expenses | $2.40B |
| SG&A Expenses | $1.25B |
| Operating Expenses | $3.94B |
| Operating Income | $1.48B |
| Interest Expense | $37.00M |
| Net Income | $1.38B |
| EPS (Basic) | $0.85 |
| EPS (Diluted) | $0.84 |
| Shares Outstanding (Basic) | 1.63B |
| Shares Outstanding (Diluted) | 1.65B |
Key Highlights
- 1Net revenue increased by 38% year-over-year to $10.3 billion.
- 2Data Center segment revenue grew significantly, driven by EPYC processors and Instinct GPUs.
- 3Gross margin improved to 53% due to a favorable product mix.
- 4Net income more than doubled to $1.4 billion, with diluted EPS of $0.84.
- 5Operating income reached $1.5 billion, a substantial increase from the prior year.
- 6Cash, cash equivalents, and short-term investments totaled $12.3 billion, indicating strong liquidity.
- 7The company generated $3.0 billion in cash from operating activities.