AMD's first-quarter revenue rises 38% to $10.25 billion, with Gaming up 11% to $720 million

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

AMD filed its Form 10-Q, a quarterly report to the SEC, on May 6, 2026 for the quarter ended Mar 28, 2026, when revenue was $10.25 billion against $7.44 billion in the same quarter a year earlier. Gaming revenue was $720 million against $647 million, and AMD said in its May 5, 2026 earnings release that solid demand for Radeon GPUs drove the rise, partly offset by lower semi-custom revenue. Gaming sits inside the Client and Gaming segment, whose revenue was $3.61 billion, up 23% from $2.94 billion. Client revenue within it was $2.89 billion against $2.29 billion, which AMD ties to demand for Ryzen processors and market share gains.1^,2^,3^,4^,5^,6^,7^,8^,9^,10^,11^,12^,13^,14

Operating income was $1.48 billion against $806 million, and net income was $1.38 billion against $709 million; AMD says the rise in net income was primarily driven by higher operating income. Diluted earnings per share were $0.84 against $0.44. Other income, net, was $165 million against $39 million, a rise AMD ties mainly to unrealized gains from long-term investments and interest income from short-term investments.15^,16^,17^,18^,19^,20^,21^,22

Data Center revenue was $5.78 billion, up 57% from $3.67 billion, which AMD ties to demand for its EPYC processors and Instinct GPUs. Embedded revenue was $873 million against $823 million. In the same release, AMD chair and CEO Lisa Su said Data Center is now the primary driver of the company's revenue and earnings growth. In February 2026 AMD amended a purchase agreement with Meta Platforms, which agreed to deploy up to 6 gigawatts of AMD GPUs, and issued Meta a warrant for up to 160 million AMD shares at $0.01 each; none of those shares had vested or become exercisable by Mar 28, 2026. In its May 5, 2026 earnings release, AMD said it expected revenue for the second quarter of 2026 to be approximately $11.2 billion, plus or minus $300 million.23^,24^,25^,26^,27^,28^,29^,30^,31^,32^,33^,8

We hold the 10-Q's management discussion but not its notes or other exhibits, and our records cannot tell whether the year-earlier figures were restated.34^,35