AMD reports Q1 2026 revenue of $10.3 billion, up 38% year-over-year, with Data Center segment reaching $5.8 billion and free cash flow hitting a quarterly record of $2.6 billion.

AMD delivered Q1 2026 revenue of $10.3 billion, up 38% year-over-year, with non-GAAP EPS of $1.37 beating consensus of $1.27. Data Center revenue reached $5.8 billion, up 57% year-over-year, with operating income of $1.6 billion.

Free cash flow hit a quarterly record of $2.6 billion, roughly tripling from a year earlier. Full-year 2025 free cash flow climbed to $5.52 billion from $2.4 billion in 2024, with the free cash flow margin widening from 9% to 16%.

Q2 2026 guidance of $11.2 billion came in well above the $10.5 billion Street consensus, implying 46% year-over-year growth. AMD closed 2025 with $10.55 billion in cash and short-term investments against total debt of $3.22 billion.