Advanced Micro Devices (AMD) Q3 FY2026 earnings: revenue $13.4 billion, up 44.7% on the year
Advanced Micro Devices Inc. (AMD) reported revenue of $13.4 billion for Q3 FY2026, the quarter ended 26 September 2026, up 44.7% on the same quarter a year earlier. Net income was $2.4 billion, up 95.3% on the year, and diluted earnings per share $1.46. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2026.
Revenue
$13.4 billion
+44.7% on the year · +16.0% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
21.2%
13.7% a year earlier
Q4 FY2024Q3 FY2026
Net income
$2.4 billion
+95.3% on the year · +5.7% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$1.46
+94.7% on the year · +5.8% on the quarter
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 3 new, 1 kept.
Record revenue of $13.4 billion: Revenue was $13,377 million, up 45% year-over-year and up 16% from the second quarter. Management described the quarter as a record.
Non-GAAP earnings grew faster than revenue: Non-GAAP diluted EPS was $2.09, up 74% year-over-year against revenue growth of 45%. Management attributed the gap to operating leverage as the Data Center business scales.
Data Center revenue nearly doubled: Data Center segment revenue was $8,546 million, up from $4,341 million a year earlier, on EPYC processor sales and the launch of Instinct MI450 Series GPUs. Segment operating income was $2,882 million.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
1,202
2,366
2,159
-49.2%
-44.3%
Capital expenditure
648
808
258
-19.8%
+151.2%
Free cash flow
554
1,558
1,901
-64.4%
-70.9%
Free cash flow margin
4.1%
13.5%
20.6%
Cash from investing
-1,243
-2,850
-1,337
Cash from financing
2,348
-15.0
-450
Share-based compensation
523
503
419
+4.0%
+24.8%
Buybacks
0.0
0.0
89.0
Diluted shares, weighted
1,661m
1,659m
1,641m
+0.1%
+1.2%
Shares outstanding at period end
1,640m
1,632m
1,628m
+0.5%
+0.7%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
68,389
67,224
60,790
+1.7%
+12.5%
Debt
7,079
3,226
3,220
+119.4%
+119.8%
Operating lease liabilities
1,837
1,050
650
+75.0%
+182.6%
Other liabilities
17,507
12,964
12,231
+35.0%
+43.1%
Total liabilities and equity
94,812
84,464
76,891
+12.3%
+23.3%
Fixed assets
3,929
3,439
2,205
+14.2%
+78.2%
Goodwill
25,470
25,470
25,083
0.0%
+1.5%
Intangible assets
15,101
15,635
17,250
-3.4%
-12.5%
Investments
8,372
8,025
2,435
+4.3%
+243.8%
Cash and equivalents
7,404
5,086
4,808
+45.6%
+54.0%
Receivables
9,209
7,281
6,201
+26.5%
+48.5%
Inventory
11,463
8,468
7,313
+35.4%
+56.7%
Other assets
13,864
11,060
11,596
+25.4%
+19.6%
Total assets
94,812
84,464
76,891
+12.3%
+23.3%
Questions
What was Advanced Micro Devices' revenue in Q3 FY2026?
Advanced Micro Devices (AMD) reported revenue of $13.4 billion for Q3 FY2026, the quarter ended 26 September 2026, up 44.7% on the same quarter a year earlier.
How much did Advanced Micro Devices earn in Q3 FY2026?
Net income for Q3 FY2026 was $2.4 billion, up 95.3% on the year, and diluted earnings per share $1.46.
When did Advanced Micro Devices report Q3 FY2026 results?
Advanced Micro Devices filed its 10-Q for the quarter ended 26 September 2026 with the SEC on 4 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 26 September 2026, filed 4 November 2026: the filing.