Filing Flows › Advanced Micro Devices (AMD) › Guidance history
Advanced Micro Devices (AMD) guidance history: what it guided and what it reported
Advanced Micro Devices gave guidance in 12 earnings releases on file since Jan 30, 2024. Of 7 guided periods since reported, it met or beat its own guidance 7 times (100%). Revenue: 7 of 7, on average +4.6% against the guided midpoint.
Revenue
Met or beat 7 of 7 periods (6 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | $16.5B–$17.5B (Nov 3, 2026) | — | to be reported | — |
| Q3 2026 | $12.7B–$13.3B (Aug 4, 2026) | $13.4B | above the range | +2.9% |
| Q2 2026 | $10.9B–$11.5B (May 5, 2026) | $11.5B | above the range | +3.0% |
| Q1 2026 | $9.5B–$10.1B (Feb 3, 2026) | $10.3B | above the range | +4.6% |
| Q4 2025 | $9.3B–$9.9B (Nov 4, 2025) | $10.3B | above the range | +7.0% |
| Q3 2025 | $8.4B–$9.0B (Aug 5, 2025) | $9.2B | above the range | +6.3% |
| Q2 2025 | $7.1B–$7.7B (May 6, 2025) | $7.7B | within the range | +3.9% |
| Q1 2025 | $6.8B–$7.4B (Feb 4, 2025) | $7.4B | above the range | +4.8% |
| Q4 2024 | $7.2B–$7.8B (Oct 29, 2024) | — | — | — |
| Q3 2024 | $6.4B–$7.0B (Jul 30, 2024) | — | — | — |
Adjusted gross margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q4 2026 | 55.0% (Nov 3, 2026) | — | to be reported | — |
| Q3 2026 | 56.0% (Aug 4, 2026) | — | — | — |
| Q2 2026 | 56.0% (May 5, 2026) | — | — | — |
| Q1 2026 | 55.0% (Feb 3, 2026) | — | — | — |
| Q4 2025 | 54.5% (Nov 4, 2025) | — | — | — |
| Q3 2025 | 54.0% (Aug 5, 2025) | — | — | — |
| Q2 2025 | 54.0% (May 6, 2025) | — | — | — |
| Q1 2025 | 54.0% (Feb 4, 2025) | — | — | — |
| Q4 2024 | 54.0% (Oct 29, 2024) | — | — | — |
| Q3 2024 | 53.5% (Jul 30, 2024) | — | — | — |
Adjusted tax rate
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 13.0% (Nov 3, 2026) | — | to be reported | — |
| FY2024 | 13.0% (Apr 30, 2024) → reaffirmed 13.0% (Jul 30, 2024) → reaffirmed 13.0% (Oct 29, 2024) | — | — | — |
The latest quarter
Advanced Micro Devices, Q3 2026: revenue $13.4B (+45% year over year), operating margin 21.2%, net earnings $2.4B, operating cash flow $1.2B. The chart follows the revenue to costs, profit and cash.
Questions
Does Advanced Micro Devices beat its guidance?
Advanced Micro Devices gave guidance in 12 earnings releases on file since Jan 30, 2024. Of 7 guided periods since reported, it met or beat its own guidance 7 times (100%). Revenue: 7 of 7, on average +4.6% against the guided midpoint.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.