Advanced Micro Devices (AMD) Earnings: Q3 Fiscal 2026 Results and Next Report Date

The quarter ended September 26, 2026 and AMD published the results on November 3, 2026. Revenue and diluted EPS are shown against Q3 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. AMD reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• GAAP EPS on this page is on total net income, including discontinued operations (ZT Systems' manufacturing business, divested in Q4 2025). AMD's diluted EPS from continuing operations was $1.46, against $0.71 a year earlier.
• Q3 fiscal 2026 GAAP results include a $1,097 million charge for the change in fair value of warrants AMD issued to customers, which its non-GAAP results exclude.

Source: AMD Q3 2026 financial results, November 3, 2026. Also in the Form 10-Q for the quarter ended September 26, 2026. Figures as reported; checked against the release on November 10, 2026.

How AMD splits revenue in its own release, under its own labels, for Q3 fiscal 2026 against Q3 fiscal 2025. Indented lines are parts of the line above them.

• AMD's Data Center revenue was $8.5 billion in Q3 fiscal 2026, up 97% from $4.3 billion in Q3 fiscal 2025, 64% of total revenue.
• AMD's Client and Gaming revenue was $3.7 billion in Q3 fiscal 2026, down 8% from $4.0 billion in Q3 fiscal 2025, 28% of total revenue.
• AMD's Embedded revenue was $1.1 billion in Q3 fiscal 2026, up 29% from $857 million in Q3 fiscal 2025, 8% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 fiscal 2026 release, AMD said:

“For the fourth quarter of 2026, AMD expects revenue to be approximately $17 billion, plus or minus 3%.”

“The mid-point of the revenue range represents year-over-year growth of approximately 66% and a sequential increase of approximately 27%.”

“Non-GAAP gross margin is expected to be approximately 55%.”

Source: AMD Q3 2026 financial results release, Nov 3, 2026.

This is the company's own guidance as of Nov 3, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the AMD forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Revenue and GAAP diluted EPS (total net income, including discontinued operations) from each quarter's AMD earnings release.

AMD's next report is expected around February 2, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 fiscal 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 fiscal 2026 (this page), reported Nov 3, 2026

AMD reported record revenue of $13,377 million in Q3 fiscal 2026, up 45% from $9,246 million a year earlier and up 16% from Q2. Data Center was $8,546 million of the total, up 97%, Client and Gaming $3,722 million, down 8%, and Embedded $1,109 million, up 29%. AMD said revenue exceeded the high end of its guidance. (AMD Q3 2026 financial results release, Nov 3, 2026)

AMD's 10-K says the Data Center segment primarily includes server-class CPUs, GPUs, AI accelerators, DPUs, AI NICs, FPGAs and adaptive SoC products. AMD put the Q3 increase down to strong demand for EPYC processors and the launch of Instinct MI450 Series GPUs, and said Anthropic, Meta, Microsoft, OpenAI and Oracle Cloud Infrastructure are running workloads on its first Helios rackscale systems. (AMD Form 10-K, fiscal 2025, Feb 4, 2026; AMD Q3 2026 financial results release, Nov 3, 2026)

Within Client and Gaming, AMD's Client revenue rose 7% to $2,949 million on Ryzen mobile processor sales, while Gaming revenue fell 40% to $773 million on lower semi-custom and graphics revenue. Embedded growth was led by aerospace and defense, automotive, communications and industrial end markets. (AMD Q3 2026 financial results release, Nov 3, 2026)

AMD issued warrants to two customers, OpenAI and Meta Platforms, in October 2025 and February 2026, each for up to 160 million AMD shares at $0.01 per share, vesting as the customers reach purchase milestones and AMD's stock price meets targets. AMD records the fair value of warrant shares probable of vesting as a reduction to revenue as qualifying customer revenue is recorded. (AMD Form 10-Q, Q3 fiscal 2026, Nov 4, 2026)

International sales, based on the billing location of customers buying directly from AMD, were 57% of net revenue in the quarter, against 64% a year earlier. (AMD Form 10-Q, Q3 fiscal 2026, Nov 4, 2026)

AMD's GAAP diluted EPS was $1.46 in Q3 fiscal 2026, against $0.75 a year earlier, and its non-GAAP EPS was $2.09, against $1.20, up 74%. The non-GAAP figure excludes stock-based compensation ($523 million), amortization of acquisition-related intangibles ($534 million) and a $1,097 million change in the fair value of the warrant liability, which AMD says is driven by its stock price. (AMD Q3 2026 financial results release, Nov 3, 2026)

Taxes worked the other way. AMD recorded an income tax benefit from continuing operations of $555 million, an effective tax rate of (29.6)%, which included a $772 million discrete benefit related to stock-based compensation. The non-GAAP reconciliation removes $1,073 million of tax, or $0.64 per share. (AMD Form 10-Q, Q3 fiscal 2026, Nov 4, 2026; AMD Q3 2026 financial results release, Nov 3, 2026)

AMD's diluted share count was 1,661 million, against 1,641 million a year earlier. The OpenAI and Meta warrants are exercisable for up to a combined 320 million shares, subject to vesting and exercise conditions. (AMD Q3 2026 financial results release, Nov 3, 2026; AMD Form 10-Q, Q3 fiscal 2026, Nov 4, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

AMD gives a revenue and gross margin outlook in each release. For Q4 fiscal 2026 it expects revenue of approximately $17 billion, plus or minus 3%, a midpoint that would be about 66% growth year over year and about 27% sequentially, with non-GAAP gross margin of approximately 55%. Lisa Su said AMD expects growth to accelerate as it scales Helios and Venice production. (AMD Q3 2026 financial results release, Nov 3, 2026)

A consensus figure is the average of the models published by the analysts who cover AMD, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones AMD's own release and filings put weight on for Q3 fiscal 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning AMD is on is AMD a buy or a sell?, what analysts expect next is on the AMD forecast, and what the company does is on the Advanced Micro Devices (AMD) stock page.

Every number on this page can be traced to a document AMD published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.