AMD posted revenue of about $11.5 billion for Q2 2026, marking a 50% increase from the previous year and beating analyst expectations, the company reported August 4 [1, 2, 3]. AMD CFO Jean Hu said, "Revenue increased 50 percent year-over-year to a record $11.5 billion, driven by continued strength in our Data Center business, which represented 58% of company revenue in the quarter" [3].

Data center sales doubled year-over-year to $6.7 billion, accounting for the largest portion of AMD's revenue [1, 2, 3, 4, 5]. This 107% jump underscored strong demand for AMD's server processors amid the growing AI and cloud computing markets [2, 3, 4]. CEO Lisa Su emphasized AI's role in driving compute demand, stating, "AI is driving a significant expansion in demand for compute across all of our markets, and our leadership portfolio and growing customer visibility position us exceptionally well to capture this expanding opportunity and deliver substantial revenue and earnings growth in the years ahead" [3, 4].

AMD’s client business, encompassing lower-end and mobile Ryzen processors, also grew 23% year-over-year to a range of $3.1 billion to $3.8 billion in revenue [2, 3, 5]. However, the company’s gaming segment posted a 31% decline from the year-earlier quarter, slipping to $779 million [3, 5].

Adjusted earnings per share reached $1.66, surpassing consensus estimates of $1.62, while net income rose sharply to $2.3 billion, or $1.38 per diluted share, from $872 million, or 54 cents, a year earlier [1, 2].

Looking ahead, AMD expects third-quarter 2026 revenue of $13 billion, plus or minus $300 million, ahead of consensus forecasts near $12.5 billion though below some high-end estimates near $14 billion [1, 2]. CFO Jean Hu said, "We expect Data Center sales to accelerate in the second half of 2026, driving stronger overall revenue growth and continued earnings expansion" [2].

In July, Su announced new AI chip products and raised the semiconductor market size forecast to $2 trillion by 2028, with $1.4 trillion expected from AI accelerators [1, 2, 4]. AMD shares have nearly tripled, rising about 132% this year amid the AI-driven demand surge [2, 4].