- AMD reported Q2 2026 revenue of $11.54 billion, up 50% year over year, with Data Center revenue of $6.72 billion, or 58% of total sales.
- AMD guided Q3 2026 revenue to approximately $13 billion, implying about 41% year-over-year growth, with non-GAAP gross margin near 56%.
- The Q3 report will test whether Data Center posts strong double-digit sequential growth on improved EPYC server CPU supply and whether first Helios rack-scale shipments began as scheduled.
- AI accelerator gross margins sit slightly below the corporate average, and non-cancellable purchase commitments rose to $30.3 billion, putting free cash flow relative to revenue growth in focus.
- In October 2026, AMD introduced its Helion rack server blueprint for agentic AI workloads through the Open Compute Project, alongside open data center specifications from Nvidia, Google, Meta and Microsoft.
- Microsoft disclosed its Maia 300 custom AI accelerator, which is designed to reduce dependence on external GPU suppliers such as AMD.
- CEO Lisa Su projects EPYC CPU revenue growth above 80% in H2 2026 and Data Center revenue more than doubling in 2027.
Quotes
“CEO Lisa Su projects Epyc CPU revenue growth above 80% in H2 2026 and the overall datacenter business to more than double in 2027”
“Microsoft disclosed its Maia 300 custom AI accelerator, designed to lessen dependence on external GPU suppliers such as AMD.”