AMD posts record fiscal Q3 2026 revenue and guides Q4 higher

AMD reported its fiscal third-quarter 2026 results on November 3, 2026, with revenue of about $13.4 billion, up roughly 45% from a year earlier and above the top of the company's own guidance range. The growth came mainly from the Data Center segment, which generated $8.5 billion, close to double its year-earlier level, on strong demand for EPYC server processors and the launch of Instinct MI450 GPUs. Non-GAAP operating income reached $3.9 billion and non-GAAP diluted EPS was $2.09, up about 74%; GAAP diluted EPS was $1.46. Management guided fourth-quarter revenue to roughly $17 billion, plus or minus 3%, implying about 66% year-over-year growth at the midpoint, with non-GAAP gross margin near 55%. Client and Gaming revenue fell 8% year over year, with gaming down 40%, while Embedded rose 29%.

1. Q3 2026 revenue was $13.4 billion, up 45% year over year; GAAP gross margin 54%, non-GAAP gross margin 56% (AMD release dated November 3, 2026).
2. Data Center segment revenue was a record $8.5 billion, up 97% year over year, on EPYC demand and MI450 Series GPU launch.
3. Non-GAAP operating income $3.9 billion; non-GAAP diluted EPS $2.09 (up 74%); GAAP diluted EPS $1.46.
4. Client and Gaming segment revenue $3.7 billion, down 8%; Gaming $773 million, down 40%; Embedded $1.1 billion, up 29%.
5. Q4 2026 revenue guidance about $17 billion plus or minus 3%; non-GAAP gross margin about 55%.
6. Warrant-related non-cash charge of about $1.18 billion booked in the quarter, tied to warrants issued to customers (cash flow statement in release).
7. Inventory rose to $11.5 billion at quarter end from $7.9 billion at December 2025; total debt $7.1 billion.