Filing Flows › Advanced Micro Devices (AMD) › Q2 2026 › vs Q2 2025
Advanced Micro Devices (AMD) Q2 2026 vs Q2 2025 (year over year)
Advanced Micro Devices's revenue rose $3.9B (+50%) from $7.7B in Q2 2025 to $11.5B in Q2 2026. Gross margin 53.8% against 39.8% (+14.0 pts).
Advanced Micro Devices, Q2 2026: revenue $11.5B (+50% year over year), operating margin 17.3%, net earnings $2.3B, operating cash flow $2.4B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 53.8% | 39.8% | +14.0 pts |
| Operating margin | 17.3% | -1.7% | +19.0 pts |
| Net margin | 19.9% | 11.3% | +8.6 pts |
| Free cash flow margin | 13.5% | 22.5% | -9.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $11.5B | $7.7B | $3.9B | +50% |
| Gross profit | $6.2B | $3.1B | $3.1B | +103% |
| Cost of revenue | $5.3B | $4.6B | $707M | +15% |
| Other income, net | $561M | $172M | $389M | +226% |
| Operating profit | $2.0B | −$134M | $2.1B | — |
| Operating expenses | $4.2B | $3.2B | $1.0B | +32% |
| Pre-tax earnings | $2.6B | $38.0M | $2.5B | 67× |
| Research & development | $2.5B | $1.9B | $634M | +33% |
| SG&A | $1.4B | $991M | $410M | +41% |
| Other operating costs | $284M | $308M | −$24.0M | -8% |
| Net earnings | $2.3B | $872M | $1.4B | +163% |
| Income tax | $252M | −$834M | $1.1B | — |
| Share-based compensation | $503M | $369M | $134M | +36% |
| Working capital & other | $434M | −$770M | $1.2B | — |
| Operating cash flow | $2.4B | $2.0B | $355M | +18% |
| Free cash flow (OCF − capex) | $1.6B | $1.7B | −$171M | -10% |
| Capital expenditures | $808M | $282M | $526M | +187% |
Questions
How much did Advanced Micro Devices's revenue grow year over year in Q2 2026?
Advanced Micro Devices's revenue rose $3.9B (+50%) from $7.7B in Q2 2025 to $11.5B in Q2 2026. Gross margin 53.8% against 39.8% (+14.0 pts).