Filing Flows › Advanced Micro Devices (AMD) › Guidance & outlook
Advanced Micro Devices (AMD) guidance and outlook
Advanced Micro Devices (AMD) gave its guidance on Nov 3, 2026: Revenue $16.5B–$17.5B for Q4 2026; Revenue +66% for Q4 2026; Gross margin 55% for Q4 2026; Tax rate 13% for FY2026. Advanced Micro Devices' 10-Q filed Nov 4, 2026 makes 15 forward-looking statements, 13 of them new and 4 no longer said since the filing before.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | Q4 2026 | $16.5B–$17.5B | new |
| Revenue | Q4 2026 | +66% | new |
| Gross margin | Q4 2026 | 55% | new |
| Tax rate | FY2026 | 13% | new |
From the earnings release filed Nov 3, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 4, 2026
- updated · In this section, we will describe the general financial condition and the results of operations of Advanced Micro Devices, Inc. and its wholly-owned subsidiaries (collectively, “we”, “us,” “our”, “AMD” or the “Company”), including a discussion of our results of operations for the three and nine months ended September 26, 2026 compared to the prior year period and an analysis of changes in our financial condition .
- new · We have entered and may continue to enter into commercial arrangements to support our operations and anticipated growth, as well as the development of the broader SI infrastructure ecosystem by customers and commercial partners and expand access to our AI technologies.
- new · Under our cloud compute capacity arrangements, we have committed, and expect to continue to commit in the future, to purchase GPU compute capacity from cloud service providers (CSPs) either to the extent it is not successfully placed with third-party customers, or for capacity we reserved and may sell or assign to third parties.
- new · We entered into data center leases which we expect to assign or sublease to commercial partners, and provided credit support to certain commercial partners in the form of guarantees of their lease and debt obligations in the event of their default.
- We expect that international sales will continue to be a significant portion of total sales in the foreseeable future.
- new · In addition to our debt obligations, we have entered and may continue to enter into commercial arrangements to support our operations and anticipated growth as well as the development of the broader SI infrastructure ecosystem by our customers and commercial partners and expand access to our AI technologies.
- new · As of September 26, 2026, unconditional commitments related to our operations were $48.8 billion, of which $33.4 billion is expected to be paid in the remainder of fiscal year 2026 and fiscal year 2027.
- new · Commitments for cloud compute capacity arrangements that are intended to support the broader SI infrastructure development and expand access to our technologies were $6.2 billion, of which $1.5 billion is expected to be paid in the remainder of fiscal year 2026 and fiscal year 2027.
- new · Future payments under data center leases not yet commenced that we expect to assign or sublease to commercial partners were $13.3 billion, and the maximum potential amount of future payments under our guarantees was $8.5 billion.
- new · We have subleased certain of these data center leases to commercial partners and expect to receive $0.9 billion under these noncancellable subleases through 2036.
- new · Leases for our operations that have not yet commenced are expected to commence beginning in the first quarter of fiscal year 2027.
- new · Our equity investment commitments are subject to certain conditions and are expected to be funded through fiscal year 2028.
Advanced Micro Devices' 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
Did Advanced Micro Devices raise or lower its guidance?
Advanced Micro Devices (AMD) gave its guidance on Nov 3, 2026: Revenue $16.5B–$17.5B for Q4 2026; Revenue +66% for Q4 2026; Gross margin 55% for Q4 2026; Tax rate 13% for FY2026.
What does Advanced Micro Devices expect?
In this section, we will describe the general financial condition and the results of operations of Advanced Micro Devices, Inc. and its wholly-owned subsidiaries (collectively, “we”, “us,” “our”, “AMD” or the “Company”), including a discussion of our results of operations for the three and nine months ended September 26, 2026 compared to the prior year period and an analysis of changes in our financial condition . We have entered and may continue to enter into commercial arrangements to support our operations and anticipated growth, as well as the development of the broader SI infrastructure e
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.