Advanced Micro Devices reported record second-quarter 2026 revenue of $11.5 billion, up 50% year over year. GAAP gross margin was 54% and operating income reached $2.0 billion, leading to GAAP net income of $2.3 billion and diluted EPS of $1.38.
On a non-GAAP basis, gross margin was 56%, operating income $3.1 billion and EPS $1.66. Data Center revenue grew 107% to $6.7 billion and represented 58% of total revenue, while Client & Gaming rose 6% to $3.8 billion and Embedded 19% to $977 million. Free cash flow was $1,558 million, with $13.1 billion in cash and short-term investments. For the third quarter of 2026, AMD expects revenue of approximately $13 billion, plus or minus $300 million, and non-GAAP gross margin of about 56%.
Advanced Micro Devices executive Mark D. Papermaster, Chief Technology Officer & EVP, on July 15, 2026 exercised stock options for 6000.0000 shares of Common Stock at 84.8500 per share and sold 6000.0000 shares at 556.4300 per share, with both the exercises and sales effected under a Rule 10b5-1 trading plan adopted November 14, 2025. After these transactions he directly owns 1233687.0000 shares, holds 7369.0000 stock options, and reports indirect ownership of 206606.0000 shares in each of two AMD GRAT #1 trusts.
Mark Papermaster has indicated an intention to sell up to 6,000 shares of Advanced Micro Devices common stock, valued at 3338580.00, through Morgan Stanley Smith Barney LLC Executive Financial Services on or after 07/15/2026 on the NASDAQ.
Over the prior three months, he sold 6,000 shares valued at 3217980.00 on 06/15/2026, 6,000 shares valued at 2602740.00 on 05/15/2026, 31,320 shares valued at 10962000.00 on 04/24/2026, and 27,109 shares valued at 7454975.00 on 04/16/2026.
Advanced Micro Devices, Inc. updated compensation for key executives. Effective July 1, 2026, base salaries rise, including Lisa T. Su to $1,375,000, Jean Hu to $850,000 and Mark Papermaster to $900,000. Amounts for Darren Grasby are converted from British pounds.
On August 15, 2026, these executives will receive long‑term equity awards under the 2023 Equity Incentive Plan. Target values range from $7,500,000 for Darren Grasby to $36,000,000 for Lisa Su, split between performance‑based and time‑based restricted stock units.
For Lisa Su, 75% of the grant is performance‑based and 25% time‑based; for others, the mix is 60% performance‑based and 40% time‑based. Performance share payouts can range from 0% to 250% of target based on relative total shareholder return and non‑GAAP EPS goals over a three‑year period, with vesting generally through August 15, 2029.
Advanced Micro Devices executive Philip Guido reported routine equity compensation activity. On June 15, 2026, he exercised restricted stock units covering 7,495 shares of AMD common stock, converting them into issued shares.
To cover related tax withholding obligations, 2,950 shares of common stock were withheld rather than sold on the open market. After these transactions, Guido directly holds 83,043 shares of AMD common stock. The filing describes this as payment of tax liability by delivering securities, not an open-market trade.
ADVANCED MICRO DEVICES INC Chief Technology Officer & EVP Mark D. Papermaster reported an option exercise and related share sale in AMD common stock. He exercised 6,000 shares through stock options at $84.85 per share, then sold 6,000 shares at $536.33 per share.
Both the option exercises and the sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on November 14, 2025. After these transactions, Papermaster directly holds 1,233,687 shares of AMD common stock, and the filing also reports indirect holdings through GRAT entities.
AMD notice: proposed sale under Rule 144 by Mark Papermaster. The filing reports a stock option exercise and sale of 6,000 shares on 06/15/2026 (cash transaction). It also lists multiple common-stock dispositions by Mark Papermaster in the prior three months: 6,000 (05/15/2026), 31,320 (04/24/2026), 27,109 (04/16/2026), 6,000 (04/15/2026) and 3,293 (04/06/2026).
Advanced Micro Devices Chair, President & CEO Lisa T. Su reported updated indirect holdings of AMD common stock held through various family trusts and related accounts. The filing lists 169,527 shares held by Grantor Retained Annuity Trust 2025 GRAT B and 151,050 shares by Grantor Retained Annuity Trust 2025 GRAT A as of June 10, 2026. Additional indirect positions include 151,776 shares in Grantor Retained Annuity Trust LTS 2022 GRAT B, 147,617 shares in Grantor Retained Annuity Trust 2021C, and 26,034 shares in Grantor Retained Annuity Trust 2021B. The filing also shows 99,211 shares held by the Lisa Su and Daniel Lin Family Trust dated November 3, 2021 and small indirect family member holdings.
Advanced Micro Devices’ Chair, President & CEO Lisa T. Su reported planned stock sales and a gift of AMD shares. On June 10, 2026, she sold a total of 125,000 shares of Common Stock in 27 open-market transactions under a Rule 10b5-1 trading plan adopted on September 9, 2025. Sale prices, based on weighted averages for multiple trades, ranged from $448.85 to $476.71 per share, as detailed in the footnotes.
On June 12, 2026, she made a bona fide gift of 30,000 shares of Common Stock at no consideration. After these transactions, Su directly holds 2,866,899 AMD shares. This reflects a reduction from 2,991,899 shares before the June 10 sales, meaning she continues to retain a substantial equity position in the company.
Morgan Stanley Smith Barney LLC submitted a Form 144 notifying the proposed sale of 125,000 shares of common stock. The filing lists prior 10b5-1 sales by Lisa Su of 125,000 shares on 05/13/2026 and 85,000 shares on 03/12/2026.