Filing Flows › Advanced Micro Devices (AMD) › Q3 2026 › vs Q3 2025
Advanced Micro Devices (AMD) Q3 2026 vs Q3 2025 (year over year)
Advanced Micro Devices's revenue rose $4.1B (+45%) from $9.2B in Q3 2025 to $13.4B in Q3 2026. Gross margin 53.9% against 51.7% (+2.2 pts).
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 draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 53.9% | 51.7% | +2.2 pts |
| Operating margin | 21.2% | 13.7% | +7.4 pts |
| Net margin | 18.2% | 13.4% | +4.7 pts |
| Free cash flow margin | 4.1% | 20.6% | -16.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $13.4B | $9.2B | $4.1B | +45% |
| Gross profit | $7.2B | $4.8B | $2.4B | +51% |
| Cost of revenue | $6.2B | $4.5B | $1.7B | +38% |
| Operating profit | $2.8B | $1.3B | $1.6B | +123% |
| Operating expenses | $4.4B | $3.5B | $868M | +25% |
| Pre-tax earnings | $1.9B | $1.4B | $472M | +34% |
| Other expense, net | $964M | −$126M | $1.1B | — |
| Research & development | $2.8B | $2.1B | $664M | +31% |
| SG&A | $1.3B | $1.1B | $229M | +21% |
| Other operating costs | $277M | $302M | −$25.0M | -8% |
| Income tax benefit | $555M | −$153M | $708M | — |
| Net earnings | $2.4B | $1.2B | $1.2B | +95% |
| Share-based compensation | $523M | $419M | $104M | +25% |
| Working capital & other | $1.7B | −$497M | $2.2B | — |
| Operating cash flow | $1.2B | $2.2B | −$957M | -44% |
| Free cash flow (OCF − capex) | $554M | $1.9B | −$1.3B | -71% |
| Capital expenditures | $648M | $258M | $390M | +151% |
Questions
How much did Advanced Micro Devices's revenue grow year over year in Q3 2026?
Advanced Micro Devices's revenue rose $4.1B (+45%) from $9.2B in Q3 2025 to $13.4B in Q3 2026. Gross margin 53.9% against 51.7% (+2.2 pts).