$AMD · ADVANCED MICRO DEVICES INC
AMD filed its Q3 FY2026 10-Q (quarter ended September 26, 2026). Net revenue rose 44.7% YoY to $13.377B, gross margin was 53.9%, operating margin 21.2%, and net income reached $2.428B (diluted EPS $1.46). Data Center revenue surged 97% YoY to $8.5B, while Client and Gaming fell 8% to $3.7B and Embedded rose to $1.109B.
- Data Center revenue $8.546B, up 97% YoY, on EPYC and Instinct GPU demand.
- Data Center operating income $2.882B vs $1.074B a year ago.
- Gaming revenue fell to $773M from $1.298M a year earlier.
- Nine-month operating cash flow $6.523B vs $5.109B prior year.
- Pending acquisitions: Taalas ~$2.9B and World Labs ~$8.2B, closing by end of 2026.
Extended-hours last trade $514.30, +6.28% vs regular close, signaling a positive reaction to the strong Data Center results.
AMD's Data Center segment nearly doubled YoY, confirming AI-driven growth is accelerating into the second half of 2026.
AMD's 97% Data Center growth underscores AI accelerator demand, positioning it against Nvidia in the inference and training silicon race.
Warrants issued to customers are remeasured to fair value each period, creating earnings volatility; Other income (expense) swung to a $902M loss this quarter.