AMD

Advanced Micro Devices · Semiconductor (CPU/GPU)

Tue, May 5, 2026·After Market Close

AMDSemiconductorData CenterAI InfraGPUMI450MetaSamsung HBM4Earnings

01Wall Street Consensus

EPS$1.28

Revenue$9.89B

EPS$1.37+7.0%

Revenue$10.25B+3.6%

After-Hours ReactionAH +5.5%

Revenue $10.25B — vs consensus $9.89B (+3.6%), **+38% YoY**
Adj EPS $1.37 — vs consensus $1.28 (+7%), +43% YoY
Data Center revenue $5.8B — vs consensus $5.6B, **+57% YoY**
Adj Gross Margin 55% — in line with 55.06% consensus, +1pp YoY
Adj operating income $2.54B (+43% YoY) / Adj operating margin 25% (+1pp YoY)
Adj net income $2.27B (+45% YoY)
GAAP gross margin 53% (+3pp YoY) / GAAP operating income $1.48B (+83% YoY) / GAAP net income $1.38B (+95% YoY) / GAAP EPS $0.84 (+91% YoY)
**Segments** — Data Center $5.8B (+57%) / Client $2.9B (+26%) / Gaming $720M (+11%) / Embedded $873M (+6%)
**Meta × AMD up to 6GW Instinct GPU deployment plan** — initial 1GW on custom MI450, with Meta as a major customer for 6th-gen EPYC 'Venice' and 'Verano'
**AMD × Samsung — HBM4 supply partnership for Instinct MI455X**
AMD × TCS — co-developing Helios-based rack-scale AI infrastructure
Q2 revenue guide ~$11.2B ±$300M (vs consensus $10.52B, midpoint +46% YoY)
Management: 'Data Center has become the primary engine of revenue and earnings growth'·'Inference and agentic AI are driving demand for high-performance CPUs and accelerators'·'Customer engagement on the MI450 series and Helios is strengthening, with major customers tracking above initial expectations'

Detail

Actual EPS vs Consensus — Green Beat · Red Miss

Beat13

Miss0

Beat rate100%

Detail

Beat8Miss5Beat률 62%

분기별 EPS 컨센서스 대비 서프라이즈(%) — 막대: EPS, 점선: 매출

컨센서스 대비 실제 EPS/매출 서프라이즈 (%)

02Earnings Results

EPS$1.37+7.0%

Revenue$10.25B+3.6%

After-Hours ReactionAH +5.5%

Revenue $10.25B — vs consensus $9.89B (+3.6%), **+38% YoY**
Adj EPS $1.37 — vs consensus $1.28 (+7%), +43% YoY
Data Center revenue $5.8B — vs consensus $5.6B, **+57% YoY**
Adj Gross Margin 55% — in line with 55.06% consensus, +1pp YoY
Adj operating income $2.54B (+43% YoY) / Adj operating margin 25% (+1pp YoY)
Adj net income $2.27B (+45% YoY)
GAAP gross margin 53% (+3pp YoY) / GAAP operating income $1.48B (+83% YoY) / GAAP net income $1.38B (+95% YoY) / GAAP EPS $0.84 (+91% YoY)
**Segments** — Data Center $5.8B (+57%) / Client $2.9B (+26%) / Gaming $720M (+11%) / Embedded $873M (+6%)
**Meta × AMD up to 6GW Instinct GPU deployment plan** — initial 1GW on custom MI450, with Meta as a major customer for 6th-gen EPYC 'Venice' and 'Verano'
**AMD × Samsung — HBM4 supply partnership for Instinct MI455X**
AMD × TCS — co-developing Helios-based rack-scale AI infrastructure
Q2 revenue guide ~$11.2B ±$300M (vs consensus $10.52B, midpoint +46% YoY)
Management: 'Data Center has become the primary engine of revenue and earnings growth'·'Inference and agentic AI are driving demand for high-performance CPUs and accelerators'·'Customer engagement on the MI450 series and Helios is strengthening, with major customers tracking above initial expectations'