Filing Flows › Advanced Micro Devices (AMD) › Q3 2026
Advanced Micro Devices (AMD) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Advanced Micro Devices (AMD) reported revenue of $13.4B for the third quarter 2026 (Q3 2026), +45% from a year earlier and +16% from the quarter before. Operating margin was 21.2%, net earnings $2.4B (18.2% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.4B | +16% | +45% |
| Gross profit | $7.2B | +16% | +51% |
| Operating profit | $2.8B | +42% | +123% |
| Net earnings | $2.4B | +6% | +95% |
| Operating cash flow | $1.2B | -49% | -44% |
| Free cash flow | $554M | -64% | -71% |
What changed
Revenue was $13.4B in Q3 2026, up 45% year over year and up 16% from the previous quarter.
Gross margin was 53.9%, up 2.2 points from Q3 2025. Operating profit was $2.8B, a 21.2% margin (up 7.4 points year over year). Of the extra revenue versus Q3 2025, 38% reached operating profit, above the 14% margin then. Operating expenses grew 25% against revenue growth of 45%. The fastest-growing cost line was Research & development (+31%). Net earnings were $2.4B, up 95% year over year. The effective tax rate was -29.7%.
Operating cash flow was $1.2B (down 44% year over year), 50% of net earnings. Non-cash charges added back $0.52B of share-based compensation. Working capital and other items used $1.7B. Capital expenditures of $0.65B left free cash flow of $0.55B.
Questions
What was Advanced Micro Devices' revenue in the third quarter 2026?
Advanced Micro Devices (AMD) reported revenue of $13.4B for the third quarter 2026 (Q3 2026), +45% from a year earlier and +16% from the quarter before.
Was Advanced Micro Devices profitable in the third quarter 2026?
Operating profit was $2.8B (21.2% of revenue) and net earnings $2.4B.