CLAIM #5590 · Advanced Micro Devices Inc (AMD) · 2026Q1 earnings call · May 5, 2026

“Non-GAAP effective tax rate to be 13%, and the diluted share count is expected to be approximately 1.66 billion shares.”

Jean Hu · CFO

How to check this claim

Look at: Non-GAAP effective tax rate and diluted share count, Q2 FY2026

It came true if: Non-GAAP effective tax rate between 12.5% and 13.5% AND diluted share count between 1.63 billion and 1.69 billion shares

Where: Company Q2 2026 earnings release / non-GAAP reconciliation (press release or 10-Q)

Knowable after: 2026-07-31

In context

“r 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. Actually, I'm going to start with CPUs, which hasn't happened in a bit. It hasn't been that long since you announced the $60 b”

Verify independently

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