AMD earnings date and guidance
AMD reports on November 3, 2026. Watch whether Helios shipments become repeatable and reach customer deployment.
What has AMD guided for the next quarter?
For the quarter to September 2026, management guides revenue to $12,700–$13,300 million. It guides to a 56.0% non-GAAP gross margin. Management expects Data Center revenue growth well over 100% in 2027.
| The period guided | Low | High | The date it was given | |
|---|---|---|---|---|
| Revenue | Quarter to Sep 2026 | 12,700 | 13,300 | Aug 4, 2026 |
| Gross Margin | Quarter to Sep 2026 | 56.0% | 56.0% | Aug 4, 2026 |
| Year-over-year growth at revenue midpoint | Quarter to Sep 2026 | 41.0% | 41.0% | Aug 4, 2026 |
Has AMD kept its past promises?
AMD did complete its stated plan to retain ZT’s design expertise and sell manufacturing; the harder test is whether future growth and rewards produce enough cash and per-share value to justify their cost.
What do AMD's last eight quarters show?
Operating cash was US$2,366 million. After US$808 million of capital spending, calculated free cash flow was US$1,558 million, against US$1,180 million a year earlier. Cash conversion improved, but capital spending grew faster than sales. The quarter shows a stronger AMD led by data-center demand, alongside weaker Gaming and greater cash requirements; several more quarters must show whether that balance persists.
| Quarter to Jun 2026 | Quarter to Mar 2026 | Quarter to Dec 2025 | Quarter to Sep 2025 | Quarter to Jun 2025 | Quarter to Mar 2025 | Quarter to Dec 2024 | Quarter to Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11,536 | 10,253 | 10,270 | 9,246 | 7,685 | 7,438 | 7,658 | 6,819 |
| Gross margin (calculated) | 53.8% | 52.8% | 54.3% | 51.7% | 39.8% | 50.2% | 50.7% | 50.1% |
| Operating income | 1,990 | 1,476 | 1,752 | 1,270 | -134 | 806 | 871 | 724 |
| Net income | 2,305 | 1,372 | 1,620 | 1,172 | 768 | 709 | 482 | 771 |
| EPS, diluted | 1.39 | 0.83 | 0.99 | 0.71 | 0.47 | 0.44 | 0.29 | 0.47 |
What should investors watch in AMD's next results?
The next results must show whether Helios shipments are becoming repeatable while export permissions remain volatile.
AMD’s next reporting event is scheduled for November 3, 2026. The September checkpoint is initial delivery to manufacturing partners near the end of Q3; the stronger test is Q4 system production and customer deployment. Components leaving a factory do not prove that a usable system has reached production.