Advanced Micro Devices (AMD) official guidance

We now expect the data center AI accelerator market to grow more than 45% annually to approximately $1.4 trillion by 2030.

We now expect the data center AI accelerator market to grow more than 45% annually to approximately $1.4 trillion by 2030.

the diluted share count is expected to be approximately 1.66 billion shares.

non-GAAP effective tax rate to be 13%,

We expect third quarter non-GAAP gross margin to be approximately 56%,

non-GAAP operating expenses to be approximately $3.65 billion,

We expect third quarter non-GAAP gross margin to be approximately 56%, non-GAAP operating expenses to be approximately $3.65 billion, non-GAAP other income and expense to be again of approximately $55 million, non-GAAP effective tax rate to be 13%, and the diluted share count is expected to be approximately 1.66 billion shares.

We expect revenue to be approximately $13 billion ±$300 million.

Our view is, we see the growth in 2026 on a year-over-year basis, certainly there.

Taken together, we now expect data center segment revenue to more than double year-over-year in 2027.

and more than 70% for the full year 2027 off a much higher base.

we now expect server revenue to grow more than 80% year-over-year in the second half of 2026

We expect the server CPU market to grow more than 50% annually to approximately $220 billion by 2030.

We expect the server CPU market to grow more than 50% annually to approximately $220 billion by 2030.

Non-GAAP effective tax rate to be 13%, and the diluted share count is expected to be approximately 1.66 billion shares.

Non-GAAP effective tax rate to be 13%, and the diluted share count is expected to be approximately 1.66 billion shares.

In addition, we expect second quarter non-GAAP gross margin to be approximately 56%.

Non-GAAP operating expenses to be approximately $3.3 billion.

Non-GAAP other income and expense to be again of approximately $60 million.

With this expanded visibility, we have strong and increasing confidence in our ability to deliver tens of billions of dollars in annual data center AI revenue in 2027 and to exceed our long-term growth target of greater than 80% in the coming years.

We expect revenue to be approximately $11.2 billion ± $300 million.

Against this backdrop, we still expect our client revenue to grow year-over-year and outperform the market, driven by the strength of our Ryzen portfolio and expanding commercial adoption.

We guided data center Q2 up sequentially double digits, and that's double digits in both server as well as data center AI.

We guided data center Q2 up sequentially double digits, and that's double digits in both server as well as data center AI.

We now expect second half gaming revenue to decline more than 20% compared to the first half.

We guided data center Q2 up sequentially double digits, and that's double digits in both server as well as data center AI.

As a result, we now expect server CPU revenue to grow by more than 70% year-over-year in the second quarter, with robust growth continuing through the second half of 2026 and into 2027 as we ramp our next-generation EPYC processors.

In addition, we expect fourth quarter non-GAAP gross margin to be approximately 55%, non-GAAP operating expense to be approximately $3.05 billion, non-GAAP other net income to be approximately $35 million, non-GAAP effective tax rate to be 13%, and diluted share count is expected to be approximately 1.65 billion shares.

In addition, we expect fourth quarter non-GAAP gross margin to be approximately 55%, non-GAAP operating expense to be approximately $3.05 billion, non-GAAP other net income to be approximately $35 million, non-GAAP effective tax rate to be 13%, and diluted share count is expected to be approximately 1.65 billion shares.

In addition, we expect fourth quarter non-GAAP gross margin to be approximately 55%, non-GAAP operating expense to be approximately $3.05 billion, non-GAAP other net income to be approximately $35 million, non-GAAP effective tax rate to be 13%, and diluted share count is expected to be approximately 1.65 billion shares.

In addition, we expect fourth quarter non-GAAP gross margin to be approximately 55%, non-GAAP operating expense to be approximately $3.05 billion, non-GAAP other net income to be approximately $35 million, non-GAAP effective tax rate to be 13%, and diluted share count is expected to be approximately 1.65 billion shares.

In addition, we expect fourth quarter non-GAAP gross margin to be approximately 55%, non-GAAP operating expense to be approximately $3.05 billion, non-GAAP other net income to be approximately $35 million, non-GAAP effective tax rate to be 13%, and diluted share count is expected to be approximately 1.65 billion shares.

Based on the strength of our EPYC and Instinct roadmaps, we are well positioned to grow data center segment revenue by more than 60% annually over the next three to five years and scale our AI business to tens of billions in annual revenue in 2027.

We expect revenue to be approximately $9.8 billion, plus or minus $300 million, including approximately $100 million of MI308 sales to China.

We expect revenue to be approximately $9.8 billion, plus or minus $300 million, including approximately $100 million of MI308 sales to China. At the middle point of our guidance, revenue is expected to be up 32% year-over-year, driven by strong growth in our data center and client gaming segments and modest growth in our embedded segment. Sequentially, we expect revenue to be down approximately 5%, driven by seasonal decline in our client gaming and embedded segment, partially offset by growth in our data center segment.

We're not, obviously, guiding specifically by segment, but the long-term target of, let's call it, greater than 60% is certainly possible in 2026.

Based on the strength of our EPYC and Instinct roadmaps, we are well positioned to grow data center segment revenue by more than 60% annually over the next three to five years and scale our AI business to tens of billions in annual revenue in 2027.

For 2026, we expect semi-custom SoC annual revenue to decline by a significant double-digit percentage as we enter the seventh year of what has been a very strong console cycle.

Looking further ahead, we see a clear path to achieve the ambitious targets we laid out at our financial analyst day last November, including growing revenue at greater than 35% CAGR over the next three to five years, significantly expanding operating margins, and generating annual EPS of more than $20 in the strategic time frame, driven by growth in all of our segments and the rapid scaling of our data center AI business.

And diluted share count is expected to be approximately 1.65 billion shares.

We expect our non-GAAP effective tax rate to be 13%.

In addition, we expect fourth-quarter non-GAAP gross margin to be approximately 54.5%.

We expect net interest and other expenses to be gain of approximately $37 million.

And we expect non-GAAP operating expenses to be approximately $2.8 billion.

For the fourth quarter of 2025, we expect revenue to be approximately $9.6 billion, ±$300 million.

A decline in our client and gaming segment, with client revenue increasing and gaming revenue down strong double digits.

Sequentially, we expect revenue to grow by approximately 4%. Driven by double-digit growth in the data center segment, with strong growth in server and continued ramp of our MI350 series GPUs.

And double-digit growth in our embedded segment.