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Advanced Micro Devices Inc. (AMD) Q1 FY2026 Financial Statements: Revenue $10.25B, Net income $1.38B

CIK 0000002488 · Nasdaq · Period: Q1 FY2026 (ended 2026-03-28, 10-Q accession 0000002488-26-000076) · Annual report: FY2025 10-K (filed 2026-02-04, accession 0000002488-26-000018)

More for Advanced Micro Devices: Company index · 10-K and 10-Q summary · 8-K filings and events

PeriodQ2 FY2026Q1 FY2026

Archived record for Q1 FY2026. The current period is Q2 FY2026.

Published

Advanced Micro Devices reported $10.25 billion in revenue for Q1 FY2026, the quarter ended March 28, 2026, up 37.8% from $7.44 billion a year earlier, and net income of $1.38 billion, or $0.84 per diluted share. The gain came from the business rather than from a one-off: Data Center revenue reached $5.78 billion, up 57.2% year over year and now the majority of the company's sales, and gross margin widened to 52.8% on a product mix weighted toward that segment. Operating income rose to $1.48 billion, up 83.1%, even though research and development and go-to-market spending both grew faster than revenue.

MetricAmountvs. year ago
Revenue$10,253,000,000up 37.8%
Net income$1,383,000,000up 95.1%
Diluted EPS$0.84up 90.9%
Gross margin52.8%up 2.6 points
Data Center revenue$5,775,000,000up 57.2%
Operating income$1,476,000,000up 83.1%

About this file

TickerAMD
CIK0000002488
CompanyAdvanced Micro Devices Inc.
Business typeindustrial
Schema templatestandard operating company (semiconductors), extended with reportable-segment revenue and operating income
Schema rationaleAMD is a fabless semiconductor designer, so the standard revenue / cost of sales / gross profit / operating income frame fits directly. Because AMD's economics are driven by mix across three very different businesses, the segment revenue and segment operating income disclosed in Note 4 of each filing are reported alongside the consolidated statements. Amortization of acquisition-related intangibles is shown separately because it is large (over $2.2 billion a year) and sits in both cost of sales and operating expenses.
Reporting currencyUSD
Converted to USDno
Unitsactual dollars (not millions)
Fiscal calendar noteAMD uses a 52/53-week fiscal year ending on the last Saturday of December. Fiscal 2025 ended December 27, 2025; fiscal 2024 ended December 28, 2024; fiscal 2023 ended December 30, 2023. The first quarter of fiscal 2026 ended March 28, 2026.
Units note handlingEvery dollar and share figure in the source statements is stated in millions and has been multiplied by 1,000,000 here; per-share amounts are stated in dollars and are carried through unchanged. Share counts on the face of AMD's statements are also in millions, not thousands.

AMD annual income statement, balance sheet and cash flow

FY2025FY2024FY2023
Fiscal year202520242023
Period start2024-12-292023-12-312023-01-01
Period end2025-12-272024-12-282023-12-30
Period labelFY2025 (52 weeks ended December 27, 2025)FY2024 (52 weeks ended December 28, 2024)FY2023 (52 weeks ended December 30, 2023)
Source accession0000002488-26-0000180000002488-26-0000180000002488-26-000018
Source form10-K filed 2026-02-0410-K filed 2026-02-04 (comparative prior-year column)10-K filed 2026-02-04 (earliest comparative column)
Income statement
Revenue34,639,000,00025,785,000,00022,680,000,000
Cost of sales excluding intangible amortization16,456,000,00012,114,000,00011,278,000,000
Amortization of acquisition related intangibles in cost of sales1,031,000,000946,000,000942,000,000
Total cost of sales17,487,000,00013,060,000,00012,220,000,000
Gross profit17,152,000,00012,725,000,00010,460,000,000
Gross margin %49.5%49.4%46.1%
Research and development8,091,000,0006,456,000,0005,872,000,000
Marketing general and administrative4,144,000,0002,735,000,0002,318,000,000
Amortization of acquisition related intangibles in opex1,223,000,0001,448,000,0001,869,000,000
Restructuring charges0186,000,0000
Total operating expenses13,458,000,00010,825,000,00010,059,000,000
Operating income3,694,000,0001,900,000,000401,000,000
Operating margin %10.7%7.4%1.8%
Interest expense-131,000,000-92,000,000-106,000,000
Other income expense net577,000,000181,000,000197,000,000
Pretax income continuing operations4,140,000,0001,989,000,000492,000,000
Income tax provision benefit-103,000,000381,000,000-346,000,000
Equity income in investee26,000,00033,000,00016,000,000
Income from continuing operations net of tax4,269,000,0001,641,000,000854,000,000
Income from discontinued operations net of tax66,000,00000
Net income4,335,000,0001,641,000,000854,000,000
Net margin %12.5%6.4%3.8%
EPS basic2.671.010.53
EPS diluted2.651.00.53
EPS diluted continuing operations2.611.00.53
Shares basic weighted average1,624,000,0001,620,000,0001,614,000,000
Shares diluted weighted average1,636,000,0001,637,000,0001,625,000,000
Balance sheet
Cash and cash equivalents5,539,000,0003,787,000,000
Short term investments5,013,000,0001,345,000,000
Cash and short term investments10,552,000,0005,132,000,000
Accounts receivable net6,315,000,0006,192,000,000
Inventories7,920,000,0005,734,000,000
Total current assets26,947,000,00019,049,000,000
Property and equipment net2,312,000,0001,802,000,000
Goodwill25,126,000,00024,839,000,000
Acquisition related intangibles net16,705,000,00018,930,000,000
Total assets76,926,000,00069,226,000,000
Accounts payable2,929,000,0002,466,000,000
Accrued liabilities5,250,000,0004,260,000,000
Current portion of long term debt net874,000,0000
Total current liabilities9,455,000,0007,281,000,000
Long term debt net of current portion2,348,000,0001,721,000,000
Total debt net carrying amount3,222,000,0001,721,000,000
Total debt principal amount3,250,000,0001,750,000,000
Long term operating lease liabilities625,000,000491,000,000
Total liabilities13,927,000,00011,658,000,000
Total stockholders equity62,999,000,00057,568,000,00055,892,000,000
Net cash position7,330,000,0003,411,000,000
Shares issued1,695,000,0001,680,000,000
Shares outstanding1,630,000,0001,622,000,000
NoteThe FY2025 10-K presents a two-year balance sheet (fiscal 2025 and fiscal 2024), so a full fiscal 2023 balance sheet is not on the face of that filing. Total stockholders' equity for fiscal 2023 is taken from the Consolidated Statements of Stockholders' Equity in the same filing, which does cover three years.
Cash flow
Net cash provided by operating activities continuing operations6,493,000,0003,041,000,0001,667,000,000
Net cash provided by operating activities discontinued operations1,216,000,00000
Net cash provided by operating activities total7,709,000,0003,041,000,0001,667,000,000
Capital expenditures974,000,000636,000,000546,000,000
Free cash flow continuing operations5,519,000,0002,405,000,0001,121,000,000
Free cash flow total reported operating cash flow6,735,000,0002,405,000,0001,121,000,000
Depreciation and amortization750,000,000671,000,000642,000,000
Amortization of acquisition related intangibles2,254,000,0002,393,000,0002,811,000,000
Stock based compensation1,638,000,0001,407,000,0001,384,000,000
Acquisitions net of cash acquired-1,760,000,000-548,000,000-131,000,000
Proceeds from divestiture net of cash divested1,356,000,00000
Proceeds from debt and commercial paper issuance2,441,000,00000
Repayment of debt and commercial paper-950,000,000-750,000,0000
Repurchases of common stock-1,316,000,000-862,000,000-985,000,000
Stock repurchases for tax withholding-607,000,000-728,000,000-427,000,000
Net cash used in investing activities-5,533,000,000-1,101,000,000-1,423,000,000
Net cash used in financing activities-431,000,000-2,062,000,000-1,146,000,000
Dividends paid000
Segments
NoteSegment figures come from Note 4 of the FY2025 10-K. Beginning in the first quarter of fiscal 2025 AMD combined its Client and Gaming segments into one reportable segment, and all prior-period segment data were retrospectively restated on that basis. AMD still discloses Client and Gaming revenue separately within the combined segment. The All Other category is not a reportable segment; it collects amortization of acquisition-related intangibles, stock-based compensation, acquisition-related and other costs, restructuring charges and similar items that management excludes when evaluating segment performance.Retrospectively restated in the FY2025 10-K for the combination of the Client and Gaming segments.Retrospectively restated in the FY2025 10-K for the combination of the Client and Gaming segments.
Revenue
Data center16,635,000,00012,579,000,0006,496,000,000
Client and gaming14,550,000,0009,649,000,00010,863,000,000
Client component of client and gaming10,640,000,0007,054,000,0004,651,000,000
Gaming component of client and gaming3,910,000,0002,595,000,0006,212,000,000
Embedded3,454,000,0003,557,000,0005,321,000,000
Total34,639,000,00025,785,000,00022,680,000,000
Operating income
Data center3,603,000,0003,482,000,0001,267,000,000
Client and gaming2,855,000,0001,187,000,000925,000,000
Embedded1,243,000,0001,421,000,0002,628,000,000
All other-4,007,000,000-4,190,000,000-4,419,000,000
Total3,694,000,0001,900,000,000401,000,000
Geographic revenue by customer billing location
United states11,363,000,0008,693,000,0007,837,000,000
China including hong kong7,751,000,0006,231,000,0003,417,000,000
Taiwan5,186,000,0003,301,000,0001,841,000,000
Singapore4,284,000,0003,614,000,0002,231,000,000
Other regions6,055,000,0003,946,000,0007,354,000,000
Total34,639,000,00025,785,000,00022,680,000,000

AMD quarterly income statement, balance sheet and cash flow

2026-03-282025-03-29
Fiscal periodFY2026 Q1FY2025 Q1
Period start2025-12-282024-12-29
Period end2026-03-282025-03-29
Period labelThree months ended March 28, 2026Three months ended March 29, 2025 (prior-year comparative shown in the FY26Q1 10-Q)
Source accession0000002488-26-0000760000002488-26-000076
Source form10-Q filed 2026-05-0610-Q filed 2026-05-06 (comparative prior-year column)
Income statement
Revenue10,253,000,0007,438,000,000
Cost of sales excluding intangible amortization4,576,000,0003,451,000,000
Amortization of acquisition related intangibles in cost of sales261,000,000251,000,000
Total cost of sales4,837,000,0003,702,000,000
Gross profit5,416,000,0003,736,000,000
Gross margin %52.8%50.2%
Research and development2,397,000,0001,728,000,000
Marketing general and administrative1,253,000,000886,000,000
Amortization of acquisition related intangibles in opex290,000,000316,000,000
Total operating expenses3,940,000,0002,930,000,000
Operating income1,476,000,000806,000,000
Operating margin %14.4%10.8%
Interest expense-37,000,000-20,000,000
Other income expense net165,000,00039,000,000
Pretax income continuing operations1,604,000,000825,000,000
Income tax provision benefit238,000,000123,000,000
Equity income in investee6,000,0007,000,000
Income from continuing operations net of tax1,372,000,000709,000,000
Income from discontinued operations net of tax11,000,0000
Net income1,383,000,000709,000,000
Net margin %13.5%9.5%
EPS basic0.850.44
EPS diluted0.840.44
EPS diluted continuing operations0.830.44
Shares basic weighted average1,631,000,0001,620,000,000
Shares diluted weighted average1,650,000,0001,626,000,000
Balance sheet
Cash and cash equivalents5,585,000,000
Short term investments6,762,000,000
Cash and short term investments12,347,000,000
Accounts receivable net6,035,000,000
Inventories8,045,000,000
Total current assets28,628,000,000
Property and equipment net2,723,000,000
Goodwill25,344,000,000
Acquisition related intangibles net16,154,000,000
Total assets79,642,000,000
Accounts payable2,997,000,000
Accrued liabilities5,785,000,000
Current portion of long term debt net874,000,000
Total current liabilities10,506,000,000
Long term debt net of current portion2,350,000,000
Total debt net carrying amount3,224,000,000
Total debt principal amount3,250,000,000
Long term operating lease liabilities647,000,000
Total liabilities15,180,000,000
Total stockholders equity64,462,000,000
Net cash position9,123,000,000
Shares issued1,697,000,000
Shares outstanding1,630,000,000
NoteThe FY26Q1 10-Q balance sheet presents March 28, 2026 against December 27, 2025, so no March 29, 2025 balance sheet appears in that filing.
Cash flow
Net cash provided by operating activities continuing operations2,955,000,000939,000,000
Capital expenditures389,000,000212,000,000
Free cash flow continuing operations2,566,000,000727,000,000
Depreciation and amortization206,000,000175,000,000
Amortization of acquisition related intangibles551,000,000567,000,000
Stock based compensation487,000,000364,000,000
Net cash used in investing activities continuing operations-2,565,000,000-357,000,000
Net cash used in financing activities continuing operations-350,000,000
Repurchases of common stock-221,000,000-749,000,000
Stock repurchases for tax withholding-134,000,000-30,000,000
Dividends paid00
Net cash provided by financing activities continuing operations1,666,000,000
Segments
Revenue
Data center5,775,000,0003,674,000,000
Client and gaming3,605,000,0002,941,000,000
Client component of client and gaming2,885,000,0002,294,000,000
Gaming component of client and gaming720,000,000647,000,000
Embedded873,000,000823,000,000
Total10,253,000,0007,438,000,000
Operating income
Data center1,599,000,000932,000,000
Client and gaming575,000,000496,000,000
Embedded338,000,000328,000,000
All other-1,036,000,000-950,000,000
Total1,476,000,000806,000,000

AMD trailing twelve month income statement and cash flow

2026-03-28
Period labelTwelve months ended March 28, 2026
Period end2026-03-28
DerivationFiscal 2025 full-year figures from the FY2025 10-K, less the three months ended March 29, 2025, plus the three months ended March 28, 2026, both from the FY26Q1 10-Q. This is a computed roll-forward, not a figure AMD reports.
Source accessions0000002488-26-000018; 0000002488-26-000076
Revenue37,454,000,000
Gross profit18,832,000,000
Gross margin %50.3%
Operating income4,364,000,000
Operating margin %11.7%
Income from continuing operations net of tax4,932,000,000
Net income5,009,000,000
EPS diluted3.05
Operating cash flow continuing operations8,509,000,000
Capital expenditures1,151,000,000
Free cash flow continuing operations7,358,000,000
TTM EPS noteTrailing diluted EPS is the sum of the reported diluted EPS for each of the four quarters in the window (fiscal 2025 full year of $2.65, less $0.44 for the first quarter of fiscal 2025, plus $0.84 for the first quarter of fiscal 2026). Because the weighted-average share count differs period to period, this sum is an approximation rather than an exact per-share result.

Adjustments

Value
Splits appliednone
Splits noteNo stock splits occurred over any period reported here, so per-share figures are directly comparable across all years and quarters.
ADR ration/a
FXNone applied. AMD reports in U.S. dollars, so no currency conversion was needed.

AMD dividends and share buybacks

Value
Dividends paid any period0
Dividend policyAMD pays no dividend. The FY2025 10-K states the company does not expect to pay dividends in the near future, and the expected dividend yield used in its stock-based compensation valuations is zero across fiscal 2023, 2024 and 2025.
Buybacks
Fy2023 repurchases of common stock985,000,000
Fy2024 repurchases of common stock862,000,000
Fy2025 repurchases of common stock1,316,000,000
Fy26q1 repurchases of common stock221,000,000
NoteAmounts are cash paid for share repurchases as reported in the financing section of the cash flow statements. Separate amounts shown as stock repurchases for tax withholding on employee equity plans are excluded from these figures and are listed within each period's cash flow block.

Notes

  • All figures are taken from the face of the financial statements in AMD's FY2025 annual report on Form 10-K (accession 0000002488-26-000018, filed February 4, 2026, for the fiscal year ended December 27, 2025) and its quarterly report on Form 10-Q (accession 0000002488-26-000076, filed May 6, 2026, for the quarter ended March 28, 2026), together with the segment, debt and stockholders' equity notes in those same filings.
  • Every statement in both filings is denominated in millions of dollars, and the share counts on the face of the statements are also in millions. All dollar and share figures here have been restated into actual dollars and actual shares.
  • The most recent quarterly figures available are for the quarter ended March 28, 2026. AMD's fiscal second quarter of 2026 ended in late June 2026, but as of this compilation no results release or quarterly report covering that quarter had been filed, so nothing later than the March 28, 2026 quarter is reported here.
  • AMD acquired ZT Systems on March 31, 2025 for total purchase consideration of $4.409 billion, then divested the ZT data center infrastructure manufacturing business on October 27, 2025. The manufacturing business is presented as discontinued operations; the retained ZT design operations and employees are inside continuing operations within the Data Center segment. Fiscal 2025 therefore carries $66 million of income from discontinued operations, $1.216 billion of operating cash flow from discontinued operations and $1.356 billion of divestiture proceeds. Because those discontinued-operations flows distort the cash figures, free cash flow is reported here on two bases: from continuing operations only, and using the total reported operating cash flow.
  • Beginning in the first quarter of fiscal 2025 AMD combined its Client and Gaming reportable segments into a single Client and Gaming segment, and restated all prior-period segment data on that basis. The segment history shown here for fiscal 2023 and fiscal 2024 is the restated presentation as it appears in the FY2025 10-K, which is why it will not match the segment tables published in AMD's older annual reports. AMD continues to disclose Client revenue and Gaming revenue separately inside the combined segment, and both components are reported here.
  • AMD's All Other category is not a reportable segment. It carries the costs management excludes from segment results, chiefly amortization of acquisition-related intangibles ($2.254 billion in fiscal 2025) and stock-based compensation ($1.638 billion in fiscal 2025). Summing the three reportable segments' operating income overstates consolidated operating income by the size of this category, so All Other is shown explicitly as a negative line.
  • Fiscal 2025 cost of sales includes roughly $440 million of net inventory and related charges tied to U.S. government export controls on AMD Instinct MI308 data center GPU products. There were no comparable export-control charges in fiscal 2024 or fiscal 2023.
  • The fiscal 2025 income tax line is a net benefit of $103 million rather than an expense, which is why net income of $4.335 billion exceeds pretax income from continuing operations of $4.140 billion.
  • Total debt is reported both at principal amount and at net carrying amount. Note 9 of the FY2025 10-K shows $3.250 billion of principal ($875 million of 4.212% notes due 2026, $625 million of 4.319% notes due 2028, $750 million of 2.375% notes due 2030, $500 million of 3.924% notes due 2032 and $500 million of 4.393% notes due 2052) against $3.222 billion net of unamortized discount and issuance costs. AMD issued $1.5 billion of new notes in March 2025 and had no commercial paper outstanding at either December 27, 2025 or March 28, 2026. Operating lease liabilities are listed separately and are not included in the total debt figures.
  • Total liabilities is not presented as a single line on AMD's balance sheet; the values shown here are total assets less total stockholders' equity, which reconciles exactly for each date reported.
  • Net cash position is calculated as cash and cash equivalents plus short-term investments, less the net carrying amount of total debt.
  • The FY2025 10-K presents a two-year balance sheet, so no complete fiscal 2023 balance sheet is available from that filing. Only fiscal 2023 total stockholders' equity is reported, sourced from the three-year Consolidated Statements of Stockholders' Equity in the same filing.
  • Margins, free cash flow, cash-and-short-term-investments totals, net cash position and the trailing-twelve-month figures are computed from the reported line items rather than taken from a filing; every input to those calculations is a figure disclosed on the face of the statements.
  • The figures shown here agree with the SEC's XBRL company facts for AMD on every line checked, including revenue, operating income, net income, diluted earnings per share, weighted-average diluted shares, operating cash flow, capital expenditures, total assets and total stockholders' equity for all periods reported. No discrepancy between the filing and the structured data was found that required a judgment call.
  • AMD reports in U.S. dollars, has had no stock splits over any period presented, and is not an ADR, so no currency, split or ratio adjustments were applied.

Uncertainties

  • The purchase price allocation for the ZT Systems acquisition, including the split of fair value between the divested manufacturing business and the retained design business, is described in the FY2025 10-K as preliminary and subject to revision during a measurement period that runs up to twelve months from the March 31, 2025 acquisition date. Goodwill, intangibles and the fiscal 2025 discontinued-operations result could be adjusted as that allocation is finalized.
  • Trailing-twelve-month diluted earnings per share of $3.05 is a sum of four quarters of reported per-share figures. Because weighted-average diluted share counts changed across those quarters (1,626 million in the first quarter of fiscal 2025 versus 1,650 million in the first quarter of fiscal 2026), it is an approximation and not a figure AMD reports.
  • Fiscal 2025 free cash flow depends on which operating cash flow base is used. Total reported operating cash flow of $7.709 billion includes $1.216 billion generated by the ZT manufacturing business before it was divested; continuing operations produced $6.493 billion. Both resulting free cash flow figures are reported, and users should pick the basis that fits their purpose.
  • Capital expenditures for fiscal 2025 are stated as the $974 million of property and equipment purchases within continuing operations. The cash flow statement separately shows $38 million of property and equipment purchases inside discontinued investing activities, which is excluded here; including it would raise fiscal 2025 capital expenditures to $1.012 billion.
  • Total liabilities is derived rather than disclosed, since AMD's balance sheet does not present a total liabilities subtotal.
  • Segment operating income for fiscal 2023 and fiscal 2024 reflects AMD's restated segment structure and its current expense-allocation judgments. Segment results depend on management's allocation choices and are not standalone financial statements.

Company details

Value
NameAdvanced Micro Devices Inc
TickerAMD
CIK0000002488
ExchangeNasdaq
StateCalifornia
IncorporationDelaware
SIC3674
OfficeManufacturing
IndustrySemiconductors & Related Devices

Fiscal period

FY2026
Fiscal year2026
Fiscal periodQ1
TagFY26Q1
Period end2026-03-28
Form10-Q
Accession0000002488-26-000076
Fiscal year end1226
Sourcefacts

FAQ · Advanced Micro Devices financial statements

How much revenue did AMD report in Q1 FY2026?

Advanced Micro Devices reported $10.25 billion in revenue for Q1 FY2026, the quarter ended March 28, 2026. That is up 37.8% from $7.44 billion in the same quarter a year earlier.

What were AMD's earnings per share in Q1 FY2026?

Advanced Micro Devices earned $0.84 per diluted share in Q1 FY2026, up from $0.44 in the same quarter a year earlier, on net income of $1.38 billion, up 95.1% year over year.

How much of AMD's revenue comes from the Data Center segment?

Data Center revenue was $5.78 billion in Q1 FY2026, up 57.2% from $3.67 billion a year earlier. That is the majority of Advanced Micro Devices' $10.25 billion of total revenue and makes Data Center the largest of its three reportable segments.

What is AMD's gross margin?

Advanced Micro Devices reported a gross margin of 52.8% in Q1 FY2026, up 2.6 points from 50.2% a year earlier, on a product mix weighted toward the Data Center segment.

Is AMD profitable?

Yes. Advanced Micro Devices reported operating income of $1.48 billion in Q1 FY2026, up 83.1% from the same quarter a year earlier, and net income of $1.38 billion, up 95.1%.

Where can I get Advanced Micro Devices Inc. (AMD) financial data in machine-readable form?

Ticker Scout publishes Advanced Micro Devices Inc.'s financial statements as JSON at https://tickerscout.ai/amd/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/amd/narrative.md and https://tickerscout.ai/amd/events.md. Advanced Micro Devices Inc.'s SEC CIK is 0000002488. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.

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