AMD (NASDAQ: AMD) — Q2 2026 Earnings Preview
Key Points
| Factor | Details & What to Watch |
|---|---|
| Q2 2026 Revenue Guidance | $11.2B ± $300M; consensus at $11,285M (+46% YoY, +9% QoQ) |
| Q2 2026 Gross Margin Guide | Non-GAAP ~56%; consensus at 55.8% |
| Data Center Segment | Q1 2026: $5.8B (+57% YoY); Q2: double-digit sequential growth guided; server CPU revenue guided +70% YoY |
| Client & Gaming Segment | Q1 2026: $3.6B (+23% YoY); Q2: modest sequential growth guided |
| Embedded Segment | Q1 2026: $873M (+6% YoY); Q2: double-digit sequential growth guided |
| AI/Agentic AI Impact | Agentic AI driving incremental CPU demand; Data Center now primary growth driver |
| Supply Chain/Memory Costs | Tight supply for wafers and memory; higher component costs impacting PC/Gaming in H2 |
