AMD · 10-Q · 2026Q2 · Full report
Operating Expense Trends
ADVANCED MICRO DEVICES INC · 2026-08-05 · Importance 70 · Surprise 56 · No source text
R&D expense increased 33% year over year to $2.5 billion in the second quarter and 36% to $4.9 billion for the first six months. R&D growth was primarily caused by higher employee-related costs from increased headcount supporting AMD’s AI strategy and long-term growth opportunities. Marketing, general and administrative expense increased 41% to $1.4 billion in the quarter and 41% to $2.7 billion for six months. MG&A growth was primarily attributable to increased go-to-market activities supporting revenue growth.
Key facts
- MG&A expenses of $2.7 billion for the six months ended June 27, 2026 increased by $0.8 billion, or 41%, compared to $1.9 billion for the prior year period. source
- Marketing, general and administrative expense for the three months ended June 27, 2026 was $1,401 million compared to $1,054 million for the prior year period. source
- Operating income for the three months ended June 27, 2026 was $2.0 billion compared to operating loss of $134 million for the prior year period. source
- Marketing, General and Administrative expenses were $1.4 billion for the three months ended June 27, 2026, an increase of $0.4 billion or 41%, compared to $1.0 billion for the prior year period. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +18.5% | Operating income for the three months ended June 27, 2026 was $2.0 billion compared to operating loss of $134 million for the prior year… |
| operating_income | negative | realized | -6.9% | MG&A expenses of $2.7 billion for the six months ended June 27, 2026 increased by $0.8 billion, or 41%, compared to $1.9 billion for the… |
| operating_income | negative | realized | -3.5% | Marketing, General and Administrative expenses were $1.4 billion for the three months ended June 27, 2026, an increase of $0.4 billion or… |