CLAIM #5589 · Advanced Micro Devices Inc (AMD) · 2026Q1 earnings call · May 5, 2026

“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.”

Jean Hu · CFO

How to check this claim

Look at: Non-GAAP gross margin, non-GAAP operating expenses, and non-GAAP other income/expense, second quarter fiscal 2026

It came true if: Non-GAAP gross margin within 55.0%-57.0%, non-GAAP operating expenses within $3.2-$3.4 billion, and non-GAAP other income/expense a gain roughly $40-$80 million

Where: AMD Q2 2026 earnings release (non-GAAP reconciliation tables) and CFO commentary on Q2 2026 earnings call

Knowable after: 2026-07-31

In context

“sh 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, we're ready to start the Q&A session now. [Operator Instructions] Operator: [Operator Instructions] The first question comes from the line of Joshua Buchalter with TD Cowen. Joshua Buchalter: Congrats on the results. Actual”

Verify independently

SEC filings for AMD ↗ · Quote is verbatim from the 2026Q1 earnings call.