CLAIM #5588 · Advanced Micro Devices Inc (AMD) · 2026Q1 earnings call · May 5, 2026
“Sequentially, we expect revenue to be up approximately 9% driven by double-digit growth in both our Data Center and the Embedded segments and modest growth in our Client and Gaming segment.”
Jean Hu · CFO
How to check this claim
Look at: Total quarterly revenue (Q2 2026), plus segment revenue for Data Center, Embedded, and Client and Gaming
It came true if: Total revenue between $10.9B and $11.5B (approx 9% sequential growth); Data Center and Embedded segment revenue each up double-digit percent sequentially; Client and Gaming segment revenue up modestly (low single-digit percent) sequentially
Where: AMD Q2 2026 earnings release and segment reporting (10-Q / earnings press release)
Knowable after: 2026-07-31
In context
“$2.6 billion in free cash flow or 25% of revenue, demonstrating the cash-generating power of our business model. Inventory was roughly flat at $8 billion. At the end of the quarter, cash, cash equivalents and short-term investment was $12.3 billion. In the quarter, we repurchased 1.1 million shares and returned $221 million to shareholders. We ended the quarter with $9.2 billion authorization remaining under our share repurchase program. Now turning to our second quarter 2026 outlook. We expect revenue to be approximately $11.2 billion, plus or minus $300 million. At the middle of our guidance, revenue is expected to be up 46% year-over-year driven by a very strong growth in our Data Center segment, growth in our Client and Gaming segment and a double-digit growth in our Embedded segment. Sequentially, we expect revenue to be up approximately 9% driven by double-digit growth in both our Data Center and the Embedded segments and modest growth in our Client and Gaming segment. In addition, we expect second quarter non-GAAP gross margin to be approximately 56%, non-GAAP operating expenses to be approximately $3.3 billion, non-GAAP other income and expense to be a gain of approximately $60 million. Non-GAAP effective tax rate to be 13%, and the diluted share count is expected to be approximately 1.66 billion shares. In closing, the first quarter of 2026 was an outstanding quarter for AMD, reflecting strong momentum across the business with accelerated revenue and earnings expansion. We are very well positioned to build on the momentum as we scale our Data Center business, expand margins, drive continued earnings growth and the long-term shareholder value creation. With that, I'll turn it back to Matt for the Q&A session. Matthew Ramsay: Thank you, Jean. Operator,”
Verify independently
SEC filings for AMD ↗ · Quote is verbatim from the 2026Q1 earnings call.