AMD — Q1'26 $10.3B +57% Data Center EPS +6% beat margins 55% Q2 $11.2B Meta 6GW/ $60B/5yr AI inference hyperscaler thesis
Key Questions
What were AMD's Q1 2026 financial highlights?
AMD reported $10.3 billion in revenue, up 57%, with Data Center at $5.78 billion. EPS was $1.37, beating estimates by 6%, and margins hit 55.4%.
What is AMD's Q2 guidance and stock reaction?
Q2 revenue guidance is $11.2 billion, implying 56% growth. Stock rose 16% to $414 post-earnings.
What is AMD's relationship with Meta and AI inference outlook?
Meta committed to 6GW of AMD Instinct GPUs, valued at $60 billion over 5 years for AI inference. This supports hyperscaler thesis with $120B CPU TAM and demand outstripping supply versus Nvidia.
AMD Q1 2026 $10.3B rev +57% Data Center $5.78B EPS $1.37 +6% beat margins 55.4% Q2 $11.2B guide 56% stock +16% $414 Meta 6GW Instinct GPU $60B/5yr inference CPU TAM $120B FCF $2.6B vs NVDA hyperscalers $700B '26 capex demand>supply NVDA comp.
Sources (2)
Updated May 7, 2026