Advanced Micro Devices, Inc. (AMD) Q2 2026 Earnings Call Transcript

SA Transcripts 161.48K Followers Follow Advanced Micro Devices, Inc. ( AMD ) Q2 2026 Earnings Call August 4, 2026 5:00 PM EDT Company Participants Matthew Ramsay - Vice President of Financial Strategy & Investor Relations Lisa Su - Chair, President & CEO Jean Hu - Executive VP, CFO & Treasurer Conference Call Participants Thomas O'Malley - Barclays Bank PLC, Research Division Timothy Arcuri - UBS Investment Bank, Research Division Vivek Arya - BofA Securities, Research Division Joshua Buchalter - TD Cowen, Research Division Aaron Rakers - Wells Fargo Securities, LLC, Research Division Stacy Rasgon - Bernstein Institutional Services LLC, Research Division James Schneider - Goldman Sachs Group, Inc., Research Division Christopher Muse - Cantor Fitzgerald & Co., Research Division Joseph Moore - Morgan Stanley, Research Division Atif Malik - Citigroup Inc., Research Division Presentation Operator Greetings, and welcome to the AMD Second Quarter 2026 Conference Call. [Operator Instructions] And please note that this conference is being recorded. I will now turn the conference over to Matt Ramsey, VP, Financial Strategy and IR. Thank you, Matt. You may begin. Matthew Ramsay Vice President of Financial Strategy & Investor Relations Thank you, and welcome to AMD's Second Quarter 2026 Financial Results Conference Call. By now, you should have had the opportunity to review a copy of our earnings press release and the accompanying slides. If you have not had the chance to review these materials, they can be found on the Investor Relations page of amd.com. Today, we will refer primarily to non-GAAP financial measures during the call. The full non-GAAP to GAAP reconciliations are available in today's press release and slides posted on our website. As a reminder, our second quarter 2025 results included approximately $800 million of inventory and related charges associated with U.S. export control restrictions on MI308 shipments to China. Unless otherwise noted, comments making year-over-year comparisons exclude the impact of those charges to provide a more comparable and