- AMD Data Center revenue rose 107% to $6.7B in fiscal Q2 2026 and now makes up 58% of company sales.
- Helios racks combining Instinct GPUs and EPYC CPUs drove the gain, with Meta, Microsoft, OpenAI, Oracle, and Anthropic named as deployers.
- Non-GAAP EPS was $1.66 versus $0.48 a year earlier, with non-GAAP gross margin at 56%.
- Management guided fiscal Q3 revenue to about $13B and expects Data Center sales to accelerate in H2.
- AMD trades at 85.60 times forward earnings versus a sector average of 23.74 and its own five-year average of 39.90.
- GAAP diluted EPS was $1.38, including a $483M one-time lift from gains on long-term investments.
Quotes
“Investors are paying 85.60 times forward earnings, as of October.”