today, amd released its fiscal first-quarter results for 2026. for the three months ended march 28, the company reported total revenue of $10.253 billion, up 38% year over year and flat sequentially. net income attributable to shareholders reached $1.383 billion, a substantial 95% increase year over year but an 8% decline quarter over quarter. operating cash flow was robust at $2.955 billion, up 214.7% year over year. basic earnings per share were $0.85, up 93.2% year over year.
by business segment, the data center segment generated $5.775 billion in revenue, a 57% year-over-year increase, making it the primary driver of the company’s revenue and profit growth, largely fueled by the accelerating demand for ai infrastructure. the client and gaming segment combined posted $3.605 billion in revenue, up 23% year over year, with the client segment contributing 26% of that growth. the embedded segment reported $873 million in revenue, up 6% year over year. overall performance underscores amd’s continued benefit from the ai compute wave, with the data center segment’s share of total revenue further expanding.
looking ahead to the second quarter, amd expects revenue to reach approximately $11.2 billion, with a plus-or-minus $300 million range, corresponding to a year-over-year increase of about 46% and a sequential increase of about 9%. non-gaap gross margin is forecast at around 56%. although net income declined slightly on a sequential basis, the strong growth in revenue and cash flow reflects improved operational efficiency. with investment in ai infrastructure remaining robust, amd is poised to maintain its growth momentum in the coming quarters. investors will be closely watching whether the data center segment can sustain its rapid expansion and how strongly the client and embedded segments rebound.
