AMD · 8-K · 20260804PR000121
Gross Margin Drivers
ADVANCED MICRO DEVICES INC · 2026-08-04 · Importance 77 · Surprise 82 · No source text
GAAP gross profit increased 103% year over year to $6.203 billion and 15% sequentially to $6.203 billion. GAAP gross margin expanded to 54% from 40% a year earlier and 53% in Q1 2026, while non-GAAP gross margin increased to 56% from 43% and 55%, respectively. Q2 2025 included $800 million of inventory and related charges tied to U.S. export controls on AMD Instinct MI308 data-center GPUs.
Key facts
- Q2'26 GAAP gross profit was $6,203 million, up 103% year-over-year. source
- Q2'26 non-GAAP gross profit was $6,488 million, up 95% year-over-year. source
- Second quarter 2026 GAAP gross margin was 54%. source
- Second quarter 2026 non-GAAP gross margin was 56%. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +6.1% | Q2'26 GAAP gross profit was $6,203 million, up 103% year-over-year. |