Advanced Micro Devices (AMD) reported $13.4 billion in third-quarter 2026 revenue, with its Data Center segment generating a record $8.5 billion following a 97% year-over-year increase. Strong demand for AMD EPYC server processors and Instinct graphics processing units (GPUs) supported the company’s performance, making Data Center its largest revenue-generating segment during the quarter.
Key Takeaways
- AMD reported third-quarter 2026 revenue of $13.377 billion, up 45% year over year
- Data Center revenue increased 97% to a record $8.5 billion
- Demand for AMD EPYC processors and the launch of Instinct MI450 Series GPUs supported segment growth
- GAAP net income reached $2.428 billion, up 95% from the previous year
- AMD projected fourth-quarter revenue of approximately $17 billion, plus or minus 3%
AMD Reports $13.4 Billion in Third-Quarter Revenue
AMD reported third-quarter 2026 revenue of $13.377 billion, representing a 45% increase from $9.246 billion in the same period of 2025. The results, announced on November 3, reflected substantial growth in the company’s Data Center business as demand for advanced computing hardware continued to increase.
GAAP operating income reached $2.832 billion, up 123% from $1.270 billion a year earlier. Net income increased 95% to $2.428 billion, while diluted earnings per share rose from $0.75 to $1.46.
The company also reported a GAAP gross margin of 54%, compared with 52% in the third quarter of 2025. Gross profit increased 51% to $7.210 billion, while operating expenses climbed 25% to $4.378 billion.
Compared with the second quarter of 2026, revenue increased 16% from $11.536 billion. Operating income rose 42% from $1.990 billion, while net income increased 6% from $2.297 billion.
On a non-GAAP basis, AMD recorded operating income of $3.923 billion, an increase of 75% year over year. Adjusted net income rose 77% to $3.471 billion, while diluted earnings per share increased 74% to $2.09.
AMD Chair and Chief Executive Officer Dr. Lisa Su said the company exceeded the high end of its quarterly revenue guidance. She attributed the Data Center segment’s performance to stronger demand for Instinct GPUs and EPYC processors.
Chief Financial Officer Jean Hu also highlighted the company’s earnings growth, noting that expansion in the Data Center business contributed to improved operating leverage.
Data Center Segment Generates $8.5 Billion in Sales
AMD’s Data Center segment recorded $8.546 billion in third-quarter revenue, representing 97% growth from $4.341 billion during the same period in 2025. The result established a quarterly record for the segment and made it AMD’s largest revenue contributor.
The increase was driven by demand for EPYC server processors and the launch of AMD Instinct MI450 Series GPUs, which support enterprise computing, artificial intelligence and accelerated workloads.
AMD also reported progress in deploying its computing products across major technology companies. Anthropic, Meta, Microsoft, OpenAI and Oracle Cloud Infrastructure are running models and workloads on the first AMD Helios rack-scale solutions.
These systems combine AMD Instinct MI450 Series GPUs with sixth-generation AMD EPYC processors, integrating central processing and accelerated computing resources within large-scale infrastructure.
Hewlett Packard Enterprise announced that cloud provider Vultr would deploy the first AMD Helios by HPE systems. Oracle Cloud Infrastructure separately announced that its OCI Compute E7 instances would use sixth-generation AMD EPYC processors to support enterprise applications and services associated with AI workloads.
The growth of computing infrastructure also depends on substantial investment in physical facilities. Beyond processor demand, data center project financing has become an important consideration as lenders assess construction readiness, permitting requirements and other development risks.
Together, these developments demonstrate how AMD is expanding its presence across cloud computing and enterprise AI infrastructure while supporting increasingly demanding workloads.
EPYC Processors and Instinct GPUs Support Segment Growth
AMD’s third-quarter performance was accompanied by several product developments involving its EPYC processor and Instinct GPU families. The company continued expanding its hardware and software offerings for cloud providers, enterprise customers and high-performance computing systems.
One development was the introduction of AMD Helion, an open reference architecture designed for building rack-scale agentic AI systems. The architecture allows customers to configure combinations of CPUs and GPUs according to their workloads and infrastructure requirements.
AMD also released ROCm 10, an updated software platform for accelerated computing. The release includes improvements to libraries, compilers, frameworks, developer tools and model support, alongside AI-focused development capabilities through ROCm.AI.
Cloud providers continued adopting AMD processors for specialized computing applications. Google Cloud and Microsoft announced the general availability of storage-optimized cloud instances powered by fifth-generation AMD EPYC processors.
The broader infrastructure supporting AI also requires advanced memory technology. Investments in U.S. AI memory manufacturing illustrate how semiconductor companies are expanding capacity for components used in AI computing systems.
AMD also secured a role in a major European computing initiative. The EuroHPC Joint Undertaking selected AMD Instinct MI430X GPUs and sixth-generation EPYC processors to power the LUMI-AI supercomputer.
Beyond its existing product portfolio, AMD announced agreements to acquire World Labs and Taalas. The proposed acquisitions would expand its capabilities in AI model research and specialized inference silicon, respectively.
These developments extend AMD’s activities beyond individual processors and GPUs into computing architectures, software platforms and specialized AI technologies. They also reflect the company’s efforts to serve customers building increasingly complex computing environments.
AMD Reports Higher Net Income and Earnings Per Share
AMD recorded substantial improvements in profitability during the third quarter, supported by revenue growth and stronger operating margins.
GAAP operating income increased 123% year over year to $2.832 billion, while operating margin reached 21%, compared with 14% in the third quarter of 2025.
Net income rose 95% to $2.428 billion, and diluted earnings per share increased by the same percentage to $1.46.
Under non-GAAP accounting measures, gross margin reached 56%, compared with 54% a year earlier. Adjusted operating income increased to $3.923 billion from $2.238 billion, while operating margin improved from 24% to 29%.
Non-GAAP net income reached $3.471 billion, compared with $1.965 billion in the prior-year quarter. Adjusted diluted earnings per share also increased to $2.09 from $1.20.
Although Data Center delivered the strongest revenue growth, AMD’s other business segments reported mixed results.
Client and Gaming generated $3.7 billion in revenue, down 8% year over year. Within that segment, Client revenue increased 7% to $2.9 billion, supported by sales of AMD Ryzen mobile processors.
Gaming revenue declined 40% to $773 million because of lower semi-custom and graphics revenue.
Meanwhile, the Embedded segment recorded $1.1 billion in revenue, up 29% from the previous year. AMD attributed the increase to growth across aerospace and defense, automotive, communications and industrial markets.
The differences across these businesses highlight the importance of Data Center revenue to AMD’s overall financial performance. Its expansion helped offset weaker Gaming results while contributing to higher companywide profitability.
Fourth-Quarter Revenue Guidance Reaches $17 Billion
AMD expects fourth-quarter 2026 revenue of approximately $17 billion, plus or minus 3%. At the midpoint, the forecast represents approximately 66% year-over-year growth and a sequential increase of about 27%.
The company also projected a non-GAAP gross margin of approximately 55%.
The outlook follows the sharp increase in Data Center revenue during the third quarter and continued demand for AMD EPYC processors and Instinct GPUs.
CEO Lisa Su said AMD expects revenue growth to accelerate further during the fourth quarter as the company scales production of its Helios and Venice platforms. CFO Jean Hu similarly connected the outlook to strong demand across AMD’s Data Center portfolio.
Alongside its enterprise computing initiatives, AMD continued expanding its broader product offerings. The company reported availability of its Ryzen AI Halo platform, powered by Ryzen AI Max PRO 400 Series processors, with additional systems from HP, Lenovo, Framework and GMKtec.
AMD also introduced the Threadripper Halo Station, combining a Threadripper 9955WX CPU with an Instinct MI350p GPU for demanding local AI workloads.
In embedded computing, the company began sampling its Versal AI Core XQRVC1902 space-grade adaptive system-on-chip and introduced AMD Ross, an agentic tool intended to support embedded system development.
AMD’s fourth-quarter forecast signals expectations for continued expansion, particularly in Data Center. Actual results will depend on product demand, production execution and broader market conditions.
Frequently Asked Questions
How much revenue did AMD’s Data Center segment generate in Q3 2026?
AMD’s Data Center segment generated a record $8.5 billion in third-quarter 2026 revenue, representing a 97% increase compared with the same period in 2025.
What contributed to AMD’s Data Center revenue growth?
AMD attributed the increase primarily to demand for EPYC server processors and the launch of Instinct MI450 Series GPUs. The company also announced deployments involving its Helios rack-scale systems and major cloud infrastructure providers.
How much total revenue did AMD report for Q3 2026?
AMD reported total third-quarter revenue of $13.377 billion, up 45% from $9.246 billion in the third quarter of 2025.
How did AMD’s net income perform in the third quarter?
GAAP net income increased 95% year over year to $2.428 billion, while diluted earnings per share rose to $1.46. On a non-GAAP basis, net income reached $3.471 billion.
What revenue did AMD project for the fourth quarter of 2026?
AMD projected fourth-quarter revenue of approximately $17 billion, plus or minus 3%. At the midpoint, the forecast represents approximately 66% year-over-year growth and 27% sequential growth.
