AMD · 10-Q · 2026Q2

ADVANCED MICRO DEVICES INC

Filed 2026-08-05 · Technology · View original filing on EDGAR

Ranked Events

• R&D Investment in AIImportance 78 · Surprise 74
  AMD increased research and development expense by $1.3 billion, or 36%, to $4.9 billion for the six months ended June 27, 2026. Management attributed the increase primarily to higher employee-related costs from…
• Capital Expenditures ProgramImportance 75 · Surprise 64
  AMD spent $1.2 billion on property and equipment during the first six months of fiscal 2026, up from $494 million in the prior-year period. Total continuing-operations investing cash use was $5.2 billion, including…
• Operating Expense TrendsImportance 70 · Surprise 56
  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…
• Guidance / OutlookImportance 69 · Surprise 60
  Management expects cash, cash equivalents, short-term investments and operating cash flows, together with its $5.0 billion revolving credit facility and $5.5 billion commercial paper program, to fund operations,…
• Data Center demand trendsImportance 69 · Surprise 64
  Data Center net revenue increased 107% year over year to $6.7 billion in the second quarter and 81% to $12.5 billion for the first six months of 2026. Growth was primarily driven by strong demand for AMD EPYC…
• Operating Cash Flow TrendsImportance 69 · Surprise 64
  Cash provided by continuing-operations operating activities increased to $5.3 billion in the first six months of fiscal 2026 from $2.4 billion in the prior-year period. The 2026 amount reflected $3.7 billion of net…
• Data Center Revenue and ProfitImportance 69 · Surprise 64
  Data Center revenue increased 107% year over year to $6.7 billion in the second quarter and 81% to $12.5 billion for the first six months of fiscal 2026. Growth was primarily driven by strong demand for AMD EPYC…
• Other Income (Expense), NetImportance 67 · Surprise 82
  Other income, net increased 510% year over year to $598 million in the second quarter of fiscal 2026. Six-month other income increased 457% to $763 million from $137 million. The increase in both periods was primarily…
• Purchase Commitments and ObligationsImportance 66 · Surprise 48
  AMD had approximately $30.3 billion of unconditional commitments at June 27, 2026, including $17.4 billion due during the remainder of fiscal 2026. Commitments primarily covered wafers, substrates, components,…
• Acquisition / Partnership / DivestitureImportance 65 · Surprise 60
  AMD also entered a February 2026 multi-year agreement with Meta Platforms under which Meta intends to deploy up to 6 gigawatts of AMD data center GPUs. The first gigawatt of the Meta deployment is tied to AMD Instinct…
• OpenAI PartnershipImportance 65 · Surprise 60
  In October 2025, AMD entered a multi-year agreement with OpenAI under which OpenAI intends to deploy up to 6 gigawatts of AMD data center GPUs. The first gigawatt is expected to be powered by AMD Instinct MI450 series…
• AI Infrastructure InvestmentImportance 64 · Surprise 42
  As of June 27, 2026, AMD had $30.3 billion of unconditional commitments, including $17.4 billion due during the remainder of fiscal 2026. These obligations primarily covered future purchases from third parties and…
• Supplier purchase commitmentsImportance 64 · Surprise 42
  AMD had approximately $30.3 billion of unconditional commitments as of June 27, 2026, including $17.4 billion due during the remainder of fiscal 2026. Commitments primarily cover wafers, substrates and components…
• Revenue Performance and MixImportance 64 · Surprise 56
  Net revenue increased 50% year over year to $11.5 billion in the second quarter of fiscal 2026, driven by Data Center, Client and Gaming, and Embedded growth. Data Center revenue rose 107% to $6.7 billion in the…
• Gross Margin DriversImportance 58 · Surprise 56
  Consolidated gross margin increased to 54% from 40% year over year in the second quarter and to 53% from 45% for the first six months. The improvement was driven by the absence of prior-year inventory and related…
• Export Controls / Regulatory RiskImportance 54 · Surprise 76
  AMD reported that the prior-year period included inventory and related charges associated with the U.S. government export control on AMD Instinct MI308 Data Center GPU products. The absence of those charges contributed…
• Liquidity and Cash PositionImportance 52 · Surprise 30
  Cash, cash equivalents and short-term investments increased to $13.1 billion at June 27, 2026 from $10.6 billion at December 27, 2025. AMD generated $5.3 billion of operating cash flow during the first six months of…
• Income Tax Rate ChangesImportance 51 · Surprise 64
  AMD recorded a $252 million income tax provision for the second quarter of fiscal 2026, producing a 9.8% effective tax rate, compared with a $834 million benefit and a 1,263.6% rate in the prior-year quarter. For the…
• Embedded demand trendsImportance 48 · Surprise 40
  Embedded net revenue increased 19% year over year to $977 million in the second quarter of 2026 and increased 12% to $1.9 billion for the first six months. The company attributed the increases to strengthening demand…
• All Other Operating LossImportance 46 · Surprise 42
  All Other operating loss was $1.1 billion in the second quarter and $2.1 billion for the first six months of fiscal 2026. Quarterly loss primarily included $544 million of acquisition-related intangible amortization…

Revenue by Product (in millions)