Advanced Micro DevicesAMD

01Data Center net revenue of $6.7 billion for the three months ended June 27, 2026 increased by 107%, compared to net revenue of $3.2 billion for the prior year period The increase in both periods was primarily driven by strong demand for our AMD EPYC processors and AMD Instinct MI350 Series GPUs Data Center operating income was $2.1 billion for the three months ended June 27, 2026, compared to operating loss of $155 million for the prior year period

02Multi-year, multi-gigawatt GPU commitments from two of the largest AI infrastructure builders provide unusual revenue visibility in a typically order-to-order semiconductor business. The warrant structure aligns incentives: customers benefit from AMD's success, making them sticky partners rather than transactional buyers.

03R&D expenses of $2.5 billion for the three months ended June 27, 2026 increased by $0.6 billion, or 33%, compared to $1.9 billion for the prior year period The increase in both periods was primarily due to higher employee-related costs from an increase in headcount in support of our continued focus on our AI strategy and long-term growth opportunities Gross margin was 54% and 40% for the three months ended June 27, 2026 and June 28, 2025, respectively

04As of June 27, 2026, our cash, cash equivalents and short-term investments were $13.1 billion compared to $10.6 billion as of December 27, 2025 We have $5.0 billion available under an unsecured revolving credit facility that expires in 2031 We had unconditional commitments of approximately $30.3 billion, of which $17.4 billion are for the remainder of fiscal year 2026