AMD posts record Q2 revenue as data center sales more than double

AMD reported second-quarter revenue of $11.54 billion, exceeding analyst expectations of $11.28 billion, with a 50% year-over-year increase. The company's data center segment drove the outperformance, generating $6.72 billion in revenue—a 107% surge compared to the year-ago period—and representing 58% of total company revenue. Operating income nearly tripled to $2 billion on a GAAP basis, while non-GAAP operating income nearly doubled to $3.1 billion. CEO Lisa Su attributed the strong showing to record profitability and accelerating demand for AMD EPYC processors and Instinct GPUs, with Helios beginning to ramp in the second half of the year. The company guided third-quarter revenue to approximately $13 billion, above Street expectations of $12.54 billion.

1. Q2 revenue of $11.54 billion, up 50% year-over-year and beating consensus of $11.28 billion, reported August 4, 2026
2. Data center segment revenue of $6.72 billion, up 107% year-over-year and 58% of total company revenue
3. GAAP net income of $2.30 billion with diluted earnings of $1.38 per share; non-GAAP net income of $2.76 billion with diluted earnings of $1.66 per share
4. GAAP operating income of $2.0 billion compared to a loss of $134 million in Q2 2025; non-GAAP operating income of $3.1 billion, up 245% year-over-year
5. Third-quarter revenue guidance of approximately $13 billion (plus or minus $300 million), representing approximately 41% year-over-year growth
6. Non-GAAP gross margin expected to be approximately 56% in Q3 2026