AMD Stock — Advanced Micro Devices Inc

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Feb 2, 2027 Est · unconfirmed · in 11 wks

Q3 2026 earnings call transcript

call held Nov 3, 2026

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Latest documents

what the company just published, in one sentence each

2026

Nov 4

Quarterly report 10-Q FY2026 Q3, ended Sep 26

Revenue rises 45% as Data Center demand accelerates

Advanced Micro Devices, Inc. reported $13.4 billion of revenue for the three months ended September 26, 2026, up 45%, driven by 97% Data Center revenue growth. It also agreed to acquire Taalas Inc. and World Labs Technologies, Inc.

Revenue $13.38B ▲ 44.7% Net income $2.43B ▲ 95.3% Diluted EPS $1.46 ▲ 94.7%

Read from the MD&A section

3 source passages

Net revenue for the three months ended September 26, 2026 was $13.4 billion, a 45% increase compared to the prior year period. Data Center net revenue of $8.5 billion for the three months ended September 26, 2026 increased by 97%, compared to net revenue of $4.3 billion for the prior year period. In August and September 2026, we entered into definitive agreements to acquire Taalas Inc. and World Labs Technologies, Inc. to strengthen our model research and inference capabilities and development of future super intelligence (SI) hardware, software and systems. Open the document at this passage

Nov 3

Earnings call

Revenue rises 45%, with 2027 growth forecast above 80%

AMD reported third-quarter revenue of $13.4 billion, up 45% year-over-year, and expects fourth-quarter revenue of approximately $17 billion, plus or minus 3%. It now forecasts 2027 revenue growth of more than 80%, driven by data center and embedded expansion.

4 source passages

AMD's third quarter, 2026 Financial Results Conference Call. Revenue increased 45% year-over-year to $13.4 billion We expect revenue to be approximately $17 billion, plus or minus 3%. Based on our current visibility, we now expect revenue to grow more than 80% in 2027 Open the document at this passage

Nov 3

Current report 8-K

Record revenue surges on 97% Data Center growth

AMD reported record Q3 2026 revenue of $13.4 billion, up 45%, as Data Center revenue rose 97% to $8.5 billion. It expects Q4 2026 revenue of $17 billion, plus or minus 3%, and non-GAAP gross margin of 55%.

Financial results, Regulation FD disclosure Read from the first part of this long document

4 source passages

AMD (NASDAQ:AMD) today announced financial results for the third quarter of 2026. Third quarter revenue was $13.4 billion, gross margin was 54%, operating income was $2.8 billion, net income was $2.4 billion and diluted earnings per share was $1.46. “Third quarter revenue grew 45% year-over-year to a record $13.4 billion, while non-GAAP earnings per share grew 74%, demonstrating the significant operating leverage in our business model as our Data Center business drives scale,” said Jean Hu, AMD executive vice president, chief financial officer and treasurer. Data Center segment revenue was a record $8.5 billion, up 97% year-over-year, driven by strong demand for AMD EPYC™ processors and the launch of AMD Instinct™ MI450 Series GPUs. For the fourth quarter of 2026, AMD expects revenue to be approximately $17 billion, plus or minus 3%. The mid-point of the revenue range represents year-over-year growth of approximately 66% and a sequential increase of approximately 27%. Non-GAAP gross margin is expected to be approximately 55%. Open the document at this passage

Sep 28

Current report 8-K Events of Sep 26

Unregistered sale of equity

Advanced Micro Devices agreed on September 26, 2026 to acquire World Labs Technologies for approximately $8.2 billion, paid in company common stock and subject to customary adjustments.

Sep 11

Investor event

Goldman Sachs Communacopia + Technology Conference AI summary on its way

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

View all 125 metrics

Revenue (TTM)

$45.44B

Trailing 12 months

Net income (TTM)

$7.62B

Trailing 12 months

Revenue growth YoY

+44.7%

Year over year

Operating margin

17.7%

Trailing 12 months

P / E (TTM)

116.1

Trailing earnings · reciprocal yield 0.9%

FCF yield

0.8%

TTM · current market cap

Return on invested capital

12.8%

Trailing 12 months

Net cash

$8.70B

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

+1.2%

Year over year · more shares

Price change (1Y)

+115.4%

Trailing year

Short interest

2.4%

Latest settlement · 1.9 days to cover

View all 125 metrics

Quarterly results

Revenue Net income Net loss

▲24.2% $7.66B $482.00M '24 Q4* ▲35.9% $7.44B $709.00M '25 Q1 ▲31.7% $7.68B $872.00M '25 Q2 ▲35.6% $9.25B $1.24B '25 Q3 ▲34.1% $10.27B $1.51B '25 Q4* ▲37.8% $10.25B $1.38B '26 Q1 ▲50.1% $11.54B $2.30B '26 Q2 LATEST ▲44.7% $13.38B $2.43B '26 Q3

* Q4 derived as the full year minus Q1 to Q3.

AI Brief

Q2 FY26 earnings call · Aug 4, 2026

Q2 FY26

TL;DR. AMD reported record Q2 2026 revenue of $11.5B, up 50% YoY, with Data Center revenue more than doubling and guiding Q3 revenue to ~$13B; the company also raised its long-term outlook, now expecting revenue to grow substantially above its prior 35% target and to significantly exceed its $20 annual EPS target, with server CPU revenue guided to grow over 80% in H2 2026 and over 70% in 2027.

Bullish

+ Record Q2 revenue of $11.5B, up 50% YoY, with Data Center revenue more than doubling
+ Raised long-term targets: revenue now expected to grow substantially above prior 35% target and to significantly exceed $20 annual EPS target
+ Server CPU revenue guided to grow more than 80% YoY in H2 2026 and more than 70% in 2027 off a higher base
+ Data Center segment expected to more than double YoY in 2027 driven by Helios ramp and strategic AI partnerships

Bearish

− Gaming revenue declined 31% YoY to $779M and Q3 is guided for a significant double-digit decline
− Client & Gaming segment operating margin compressed from 21% to 15% YoY
− Gaming graphics revenue declined YoY as higher component costs raised card prices and weighed on demand
− Soft PC market expected in H2 2026 with risks from higher memory and component costs

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Research

our published analysis of this company

All AMD research

Equibles Rating

blended score · not investment advice

Overall

Buy

SellHoldBuy

Technical Buy Momentum Very Strong Sentiment Neutral Fundamentals Excellent Quant / Vol Very High

Market backdrop VIX 19.3 · elevated Equity put/call 0.63

Technical

price trend

Buy

50 / 200-day cross No cross

Price vs 200-day avg +26%

above

Price vs 50-day avg −4%

below

RSI (14) 50

neutral

MACD trend Positive

52-week position 75%

mid-range

Momentum

relative strength

Very Strong

1-month return +1%

trailing

6-month return +6%

trailing

YTD return +149%

this year

Relative strength +5%

vs S&P · 6-mo

Sentiment

smart money

Neutral

Trend (MA cross) No cross

50d $555 › 200d $423 — 50d above 200d

Institutional flow Accumulating

3,710 of 4,049 funds reported for Sep 30 · net +32.6M sh shares · +226 new

Insider flow Distributing

Net -$12.8M over 90 days · 100% sells

Short interest Rising

2.35% of shares out · ▲ +1.3% MoM · 1.9 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

4,049 holders — near 3-yr high, broad support

Squeeze score 62

elevated · 0–100

Fundamentals

Excellent

Revenue growth +34%

Y/Y

Gross margin 50%

expanding

EPS growth +165%

Y/Y

Free cash flow $6.7B

Valuation P/E 116.1

rich

Buyback $9.2B

remaining

Balance sheet $2.3B

net cash

Quant / Vol

risk profile

Very High

Volatility 73%

annualized · 1-yr

Max drawdown −38%

past year

ATR 7.9%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Beat or met 7 of last 8

Latest guidance · from the Earnings Call filed Aug 4, 2026

second half of 2026

Server revenue at least 80%

full year 2027

Server revenue at least 70%

within our strategic timeframe

Annual EPS target at least $20.00

2027

Server CPU portion of our data center business at least 70%

Overall segment at least 100%

Server CPU at least 70%

Overall data center business at least 100%

Data center AI business at least 100%

Previous outlook earlier release · from the Earnings Call filed Jun 27, 2026

Still-open targets the latest release did not restate under the same label.

Server revenue year-over-year growth · the second half of 2026 80%

Annual EPS · within our strategic timeframe at least $20.00

Data center segment growth · 2027 at least 100%

Server CPU portion of our data center business growth · 2027 at least 70%

Prior guidance period ended · from the Earnings Call filed Aug 4, 2026

Third quarter non-GAAP gross margin · third quarter, 2026 56%

Non-GAAP operating expenses · third quarter, 2026 $3.65B

Non-GAAP effective tax rate · third quarter, 2026 13%

Guided vs delivered · last 8 settled

Revenue FY 2022

guided $26.3B

guided $26.3B $23.6B Miss −10.3%

Revenue fiscal third quarter 2021

guided $750M – $800M

guided $750M – $800M $4.31B Beat +456.5%

Revenue second quarter 2021

guided $730M – $780M

guided $730M – $780M $3.85B Beat +409.9%

Revenue first quarter of fiscal 2021

guided $660M – $720M

guided $660M – $720M $3.45B Beat +399.3%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Buy

0 · 4 · 2

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

+26% Bullish

Price vs 50-day avg

−4% Neutral

RSI (14)

50 Neutral

MACD trend

Positive Bullish

52-week position

75% Neutral

Market signals — smart money & positioning

Mixed

Trend (MA cross) No cross

50d $555 › 200d $423 — 50d above 200d

Institutional flow Accumulating

3,710 of 4,049 funds reported for Sep 30 · net +32.6M sh shares · +226 new

Insider flow Distributing

Net -$12.8M over 90 days · 100% sells

Short interest Rising

2.35% of shares out · ▲ +1.3% MoM · 1.9 days cover

Volume signal Normal

Volume near normal

Institution breadth Multi-yr high

4,049 holders — near 3-yr high, broad support

Price context

position in its 52-week range

Range low $191 Now $534 · 75% Range high $649

vs 200-day avg +26% vs 50-day avg -4%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings

Metric	Latest	Period	YoY
International sales percentage of net revenue	70%	three months ended June 27, 2026 filing	—
Adjusted EBITDA non-GAAP	6.06B	Six Months Ended June 27, 2026	—
Client and Gaming segment revenue	3.8B	Q2'26	—
Client business revenue	3.1B	Q2'26	—
Data Center segment revenue	6.7B	Q2'26	—
Data Center share of company revenue	58%	the quarter	—
Embedded segment revenue	977M	Q2'26	—
Free cash flow non-GAAP	4.12B	Six Months Ended June 27, 2026	—
Free cash flow margin % non-GAAP	14%	Three Months Ended June 27, 2026	—
Gaming business revenue	779M	Q2'26	—
Non-GAAP diluted earnings per share non-GAAP	$1.66	Q2'26	—
Non-GAAP gross margin non-GAAP	56%	Q2 2026	—
Non-GAAP net income non-GAAP	2.8B	Q2'26	—
GAAP → non-GAAP reconciliation GAAP GAAP net income 2.3B +503M Stock-based compensation +544M Amortization of acquisition-related intangibles +41M Acquisition-related and other costs +17M Loss contingency on legal matters -483M (Gains) loss on long-term investments, net -6M Equity income in investee -161M Income tax provision +8M Loss (income) from discontinued operations, net of tax = Non-GAAP Net Income 2.76B
Non-GAAP operating income non-GAAP	3.1B	Q2'26	—
Non-GAAP operating margin non-GAAP	27%	Q2'26	—

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Semiconductors — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
AMD Advanced Micro Devices Inc this stock	$875.90B	+149.4%	+34.3%	116.1	2.4%
NVDA Nvidia Corp	$3.92T	-12.7%	+65.5%	20.6	1.2%
TSM Taiwan Semiconductor Manufacturing Co Ltd	$2.07T	+31.2%	—	—	0.6%
AVGO Broadcom Inc.	$1.66T	+0.3%	+18.2%	44.3	1.1%
SKHY SK hynix Inc.	$929.35B	—	—	—	0.5%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Accumulating

Holders

4,190

% held: 74.1%
Reported: 3,710 of 4,049
Top holder: BlackRock, Inc.

Held Float

View

Held by Funds

Fund positions

1,751

View

Short & Settlement

Short Interest Rising

Shares short

38.6M

Days to cover: 1.9d
Change: +486.5K sh

View

Short Volume

Short vol %

59%

As of: Nov 13, 2026

Short Total

View

Fails to Deliver

FTD shares

61

Value: $36.2K
As of: Oct 13, 2026

View

Off-Exchange

Off-exchange %

54.7%

Week of: Oct 5, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$12.8M

Buyers / Sellers: 0 / 2

Buyers Sellers

View

Congressional Trades Sell

Member

Gilbert Cisneros

Amount: $1.0K–$15.0K
Traded: Aug 18, 2026

View

Financials

Revenue (FY)

$34.6B

Net income (FY): $4.3B
EPS diluted: $2.65

View

Buybacks

Authorized

$14.0B

Remaining: $9.2B

Spent Remaining

View

Filings

SEC Filings

Latest

10-Q

Filed: Nov 4, 2026
This year: 24

Advanced Micro Devices, Inc. reported $13.4 billion of revenue for the three months ended September 26, 2026, up 45%, driven by 97% Data Center revenue growth. It also agreed to acquire Taalas Inc. and World Labs Technologies, Inc.

View

Proposed Sales

Value

$5.1M

Shares: 9.0K
Filed: Nov 12, 2026

View

Earnings & Events

Webcasts

Last webcast

Nov 3, 2026

View

Investor Relations

	5D	20D	120D	MTD	YTD
AMD	+18.9%	+1.0%	+6.0%	+5.8%	+149.4%
SPY	+2.6%	-1.2%	+0.5%	-0.2%	+10.6%
vs SPY	+16.3%	+2.2%	+5.5%	+6.0%	+138.8%

AMD · Advanced Micro Devices Inc

Price & Indicators

Up next

Latest documents

Metrics snapshot

Quarterly results

AI Brief

Equibles Research

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance

Capital returns