AMD (AMD.O) released its Q2 2026 results (quarter ended Jun 2026) after U.S. market close on Aug 5 Beijing time. Q2 revenue was $11.54bn, +50% YoY, slightly ahead of consensus (~$11.3bn), driven mainly by a doubling in Data Center. GAAP GPM was 53.8%; excluding an ~$800mn impairment tied to China-related controls in the year-ago quarter, GPM expanded ~350bps YoY. R&D was $2.53bn (+33.5% YoY), SG&A was $1.40bn (+41.4% YoY), and core OpEx ratio fell to ~34.1%. Net income was $2.3bn; core OP was $2.27bn, +29% QoQ, with core OPM rebounding to 19.7%. Data Center and Client combined topped 80% of total revenue. Client revenue was $3.06bn, +22.5% YoY, with ~10% price uplift. Data Center segment revenue was $6.7bn, +16% QoQ; AI GPU revenue was ~$2.7bn, mainly from the MI355 family, with MI455X to ship soon. Dolphin Research estimates server CPU revenue topped $4.0bn this quarter, +12% QoQ, with AMD's server CPU unit share