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How Advanced Micro Devices (AMD) makes money
Advanced Micro Devices (AMD) made $13.4B of revenue in the third quarter 2026 (Q3 2026), +45% from a year earlier. Of every dollar of revenue, 54¢ was left as gross profit, 21¢ was left as operating profit, 18¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $13.4B | 100.0% |
| Cost of revenue | $6.2B | 46.1% |
| Gross profit | $7.2B | 53.9% |
| Operating expenses | $4.4B | 32.7% |
| Operating profit | $2.8B | 21.2% |
| Net earnings | $2.4B | 18.1% |
| Operating cash flow | $1.2B | 9.0% |
| Free cash flow | $554M | 4.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $13.4B | +45% |
| Q2 2026 | $11.5B | +50% |
| Q1 2026 | $10.3B | +38% |
| Q4 2025 | $10.3B | +34% |
| Q3 2025 | $9.2B | +36% |
| Q2 2025 | $7.7B | +32% |
| Q1 2025 | $7.4B | +36% |
From Advanced Micro Devices' 10-Q filed Nov 4, 2026 (on EDGAR).
Questions
How does Advanced Micro Devices make money?
Advanced Micro Devices (AMD) made $13.4B of revenue in the third quarter 2026 (Q3 2026), +45% from a year earlier. Of every dollar of revenue, 54¢ was left as gross profit, 21¢ was left as operating profit, 18¢ was left as net earnings.
What is Advanced Micro Devices' profit margin?
Net earnings were $2.4B, 18.1% of revenue, in the third quarter 2026; the operating margin was 21.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.