Filing Flows › Advanced Micro Devices (AMD) › Q2 2026
Advanced Micro Devices (AMD) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Advanced Micro Devices (AMD) reported revenue of $11.5B for the second quarter 2026 (Q2 2026), +50% from a year earlier and +13% from the quarter before. Operating margin was 17.3%, net earnings $2.3B (19.9% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.5B | +13% | +50% |
| Gross profit | $6.2B | +15% | +103% |
| Operating profit | $2.0B | +35% | — |
| Net earnings | $2.3B | +66% | +163% |
| Operating cash flow | $2.4B | -20% | +18% |
| Free cash flow | $1.6B | -39% | -10% |
What changed
Revenue was $11.5B in Q2 2026, up 50% year over year and up 13% from the previous quarter.
Gross margin was 53.8%, up 14.0 points from Q2 2025. Operating profit was $2.0B, a 17.3% margin (up 19.0 points year over year). Operating expenses grew 32% against revenue growth of 50%. The fastest-growing cost line was SG&A (+41%). Net earnings were $2.3B, up 163% year over year. The effective tax rate was 9.9%. Non-operating items added $0.56B, 22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.4B (up 18% year over year), 103% of net earnings. Non-cash charges added back $0.50B of share-based compensation. Working capital and other items used $0.43B. Capital expenditures of $0.81B left free cash flow of $1.6B.
Questions
What was Advanced Micro Devices' revenue in the second quarter 2026?
Advanced Micro Devices (AMD) reported revenue of $11.5B for the second quarter 2026 (Q2 2026), +50% from a year earlier and +13% from the quarter before.
Was Advanced Micro Devices profitable in the second quarter 2026?
Operating profit was $2.0B (17.3% of revenue) and net earnings $2.3B.