Advanced Micro Devices Inc · NASDAQ:AMD
Advanced Micro Devices — Q3 2026 Earnings Presentation
25 slides from Advanced Micro Devices's earnings presentation, Nov 3, 2026
Slide 1: AMD Financial Results Third Quarter 2026
AMD Financial Results Third Quarter 2026 November 3, 2026
Slide 2: Cautionary Statement
2 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Cautionary Statement This presentation contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD), such as the features, functionality, performance, availability, timing and expected benefits of future AMD products; AMD's data
Slide 3: Our Journey
3 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Our Journey Leadership Product Portfolio Expanding Customer & Partner Ecosystem Data Center and AI Growth Strong Financial Foundation
Slide 4: Powering AI and High-Performance Compute Everywhere
4 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Powering AI and High-Performance Compute Everywhere Strategic Pillars High-Performance, Adaptive and Custom AI Platforms Powering AI Everywhere Cloud, Enterprise and Rack-Scale Solutions Expand Data Center Leadership Production-Grade AMD ROCm Softwa
Slide 5: Large Growth Opportunities Across a Diverse Set of Markets
5 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Large Growth Opportunities Across a Diverse Set of Markets Embedded Industry’s broadest portfolio of adaptive and embedded computing platforms Data Center Leadership performance and TCO across cloud, enterprise and AI workloads Client and Gaming Per
Slide 6: Revenue
6 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Q3 2026 Revenue Record revenue of $13.4 billion, up 45% y/y Driven by record Data Center revenue, up 97% y/y, and strong Embedded growth, partially offset by decline in Client & Gaming $9.2B $13.4B Q3 2025 Q3 2026
Slide 7: Gross Margin
7 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Q3 2026 Gross Margin (1) See Appendices for GAAP to Non-GAAP reconciliation GAAP Non-GAAP (1) Non-GAAP gross margin up 190 bps y/y driven by richer product mix 52% 54% Q3 2025 Q3 2026 54% 56% Q3 2025 Q3 2026
Slide 8: Operating Income
8 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 GAAP Q3 2026 Operating Income Non-GAAP (1) Record Non-GAAP operating income of $3.9 billion, up 75% y/y, driven by higher revenue $1.3B $2.8B Q3 2025 Q3 2026 (1) See Appendices for GAAP to Non-GAAP reconciliation $2.2B $3.9B Q3 2025 Q3 2026
Slide 9: Diluted Earnings Per Share
9 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Q3 2026 Diluted Earnings Per Share GAAP Non-GAAP (1) (1) See Appendices for GAAP to Non-GAAP reconciliation Record non-GAAP EPS of $2.09, up 74% y/y, driven by higher revenue and operating income $1.20 $2.09 Q3 2025 Q3 2026 $0.75 $1.46 Q3 2025 Q3 20
Slide 10: Summary P&L GAAP
10 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Q3 2026 Summary P&L | GAAP $ in millions, except per share data and % Q3’26 Q3’25 Y/Y Q2’26 Q/Q Revenue $13,377 $9,246 Up 45% $11,536 Up 16% Gross Profit $7,210 $4,780 Up 51% $6,203 Up 16% Gross Margin 54% 52% Up 2 ppts 54% Flat Operating Expenses
Slide 11: Summary P&L Non-GAAP
11 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Q3 2026 Summary P&L | NON-GAAP(1) $ in millions, except per share data and % Q3’26 Q3’25 Y/Y Q2’26 Q/Q Revenue $13,377 $9,246 Up 45% $11,536 Up 16% Gross Profit $7,483 $4,992 Up 50% $6,488 Up 15% Gross Margin 56% 54% Up 2 ppts 56% Flat Operating Ex
Slide 12: Segment Results
12 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Q3 2026 Segment Results $ in millions Q3’26 Q3’25 Y/Y Q2’26 Q/Q Data Center Net Revenue $8,546 $4,341 Up 97% $6,718 Up 27% Operating Income $2,882 $1,074 Up 168% $2,103 Up 37% Client & Gaming Net Revenue $3,722 $4,048 Down 8% $3,841 Down 3% Operati
Slide 13: Q3 2026 Summary Balance Sheet Items
13 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 $ in millions Q3’26 Q2’26 Q/Q Cash, Cash Equivalents and Short-term Investments $15,776 $13,111 Up 20% Accounts Receivable, Net $9,209 $7,281 Up 26% Inventories $11,463 $8,468 Up 35% Total Debt $7,079 $3,226 Up 119% Q3 2026 Summary Balance Sheet It
Slide 14: Data Center Segment
14 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Driven by strong demand for AMD EPYC processors and the launch of AMD Instinct MI450 Series GPUs Strategic Highlights Q3 2026 Data Center Segment Revenue $4.3B $8.5B Q3 2025 Q3 2026 Revenue $8.5 Billion Up 97% y/y Operating Margin Driven by higher
Slide 15: Client and Gaming Segment
15 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Q3 2026 Client and Gaming Segment 21% 15% Q3 2025 Q3 2026 Revenue Operating Margin Decline due to lower gross profit and lower operating leverage Revenue $3.7 Billion Down 8% y/y Operating Income $573 Million vs. $867 Million a year ago Strategic H
Slide 16: Embedded Segment
16 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Q3 2026 Embedded Segment Revenue Driven by growth in aerospace and defense, automotive, communications and industrial end markets Operating Margin Driven by leverage on higher revenue $857M $1,109M Q3 2025 Q3 2026 33% 41% Q3 2025 Q3 2026 Revenue $1
Slide 17: Financial Outlook – Non-GAAP
17 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Financial Outlook – NON-GAAP(1) (1) See Cautionary Statement on Slide 2. These forward-looking outlook statements and non-GAAP measures are based on current expectations as of November 3, 2026, and assumptions and beliefs that involve numerous risk
Slide 18: Summary
18 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Q3 2026 Summary(1) (1) See Appendices for GAAP to Non-GAAP reconciliation Record revenue and record non-GAAP earnings driven by Data Center growth Revenue $13.4B Up 45% Y/Y Gross Margin 54% Non-GAAP Gross Margin 56% Data Center Revenue $8.5B Up 97%
Slide 19: Corporate Responsibility at AMD
19 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Corporate Responsibility at AMD Environmental Advancing environmental solutions across our products, supply chain and operations while accelerating energy efficiency for IT users Social Fostering a workplace where all voices are welcome and valued,
Slide 20: Our Momentum Driving Long-term Shareholder Returns
20 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Our Momentum Driving Long-term Shareholder Returns Large and Compelling TAM Expanding Data Center and AI Leadership World-Class Execution and Focus Strong Balance Sheet Technology Leadership
Slide 21: Appendices: Reconciliation of GAAP to Non-GAAP Gross Profit and Operating Expenses
21 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Appendices (1) Recovery of inventory loss at contract manufacturer was related to the recovery of losses incurred as a result of an incident at a third-party contract manufacturing facility that occurred in Q1’24. (2) Acquisition-related and other
Slide 22: Appendices: Reconciliation of GAAP Operating Income to Non-GAAP
22 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Appendices Reconciliation of GAAP Operating Income to Non-GAAP Operating Income $ in millions, except % (Unaudited) Q3’26 Q2’26 Q3’25 GAAP operating income $ 2,832 $ 1,990 $ 1,270 GAAP operating margin 21% 17% 14% Stock-based compensation 523 503 4
Slide 23: Appendices: Reconciliation of GAAP to Non-GAAP Net Income / Diluted EPS
23 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Appendices Reconciliation of GAAP to Non-GAAP Net Income / Diluted Earnings Per Share (1) Recovery of inventory loss at contract manufacturer was related to the recovery of losses incurred as a result of an incident at a third-party contract manufa
Slide 24: Appendices: Share Count Overview
24 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026 Appendices Share Count Overview The table above provides actual share count for Q3’26 and an estimate of share count to use when calculating GAAP and non-GAAP diluted earnings per share for Q4’26. (1) Share counts are weighted average shares. (2) T
Slide 25: 25 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026
25 | | Q3 2026 FINANCIAL RESULTS – November 3, 2026
Advanced Micro Devices — Q3 2026 Earnings Presentation on 6ix