| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | August 4, 2026 | 9/12 | 2 high, 2 medium, 3 low flags | 4 | 1 | Call sheet → |
| Q1'26 | May 5, 2026 | 11/12 | 5 medium, 3 low flags | 5 | 0 | Call sheet → |
| Q4'25 | February 3, 2026 | 9/12 | - | 6 | 1 | Call sheet → |
| Q3'25 | November 4, 2025 | 10/12 | 3 medium, 6 low flags | 5 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | Client revenue to grow year over year in 2026 and outperform the market Fiscal year not ended; management reaffirmed growth expectations and noted the PC market 'held up better than most people would have thought'. |
| Q2'26 | Pending | Long-term EPS target of more than $20 over the strategic timeframe, with a clear path to exceed it Multi-year target, not yet due; management raised confidence further this quarter, stating they expect to 'significantly exceed' the $20 target, a revision upward, not a resolution. |
| Q2'26 | Pending | Second half 2026 gaming revenue to decline more than 20% versus first half H2 2026 is only one quarter (Q2 trends: gaming down 31% YoY to $779M) into reporting; full H2 comparison not yet resolvable on this call. |
| Q2'26 | Pending | Helios production shipments to ramp in the second half of 2026 Period has not ended; management reaffirmed initial shipments begin 'later this quarter' (Q3) with step-ups into Q4 and 2027; on track but not yet realized. |
| Q2'26 | Delivered | Venice launch 'later this year' (2026) Venice is confirmed 'in production now' with OEM platform launches underway, ahead of a full H2 landing. |
| Q2'26 | Exceeded | Server CPU revenue to grow more than 70% YoY in Q2 2026 Management stated cloud and enterprise each grew more than 70% YoY, 'exceeding the outlook we provided last quarter'. |
| Q2'26 | Missed | Q2 2026 non-GAAP opex guidance of approximately $3.3 billion Actual opex came in at $3.4 billion, above the guided figure, continuing a pattern of opex overshooting guidance. |
| Q2'26 | Delivered | Q2 2026 non-GAAP gross margin guidance of approximately 56% Actual gross margin was 56%, in line with guidance. |
| Q2'26 | Exceeded | Q2 2026 revenue guidance of approximately $11.2 billion, plus or minus $300 million Actual Q2 revenue came in at $11.5 billion, at the very top of the guided range. |
| Q1'26 | Pending | OpEx leverage as revenue scales Committed to OpEx growing slower than revenue going forward |
| Q1'26 | Delivered | Embedded return to growth 6% YoY growth Q1 vs 3% Q4 - acceleration delivered |
| Q1'26 | Pending | Venice launch later in 2026 On track with unprecedented customer validation activity |
| Q1'26 | Delivered | Client business outperformance vs market 26% growth in tough environment, commercial >50% growth |
| Q1'26 | Delivered | $100M China MI308 revenue in Q1 Included in guidance, China revenue now 'not material' |
| Q1'26 | Exceeded | Data center segment growth >60% annually Q1 at 57% YoY with acceleration expected - tracking ahead |
| Q1'26 | Exceeded | Strong server CPU demand continuing Delivered >50% growth Q1, now guiding >70% Q2 - accelerating |
| Q1'26 | Pending | MI450 ramp starting second half 2026 On track - began sampling MI450 to lead customers, production ramp H2 |
| Q4'25 | Exceeded | Strong free cash flow generation $2.1B vs $1.5B in Q3 |
| Q4'25 | Delivered | Continued OpEx investment in AI roadmap OpEx up $200M to $3B, 42% YoY growth maintained |
| Q4'25 | Delivered | Embedded segment return to growth in Q4 Up 3% YoY after declines |
| Q4'25 | Delivered | Fourth consecutive record desktop CPU quarter Desktop CPU sales set record again |
| Q4'25 | Missed | No MI308 China revenue in Q4 guide Actually delivered $390M in Q4 that wasn't guided |
| Q4'25 | Exceeded | Strong Q4 data center performance in both server and AI Both segments grew double-digit sequentially |
| Q4'25 | Delivered | MI355 sharp ramp into Q4 2025 $5.4B data center revenue, up 24% sequentially |
| Q3'25 | Delivered | Q3 gross margin approximately 54% Delivered exactly 54% despite MI350 ramp |
| Q3'25 | Delivered | Embedded would return to sequential growth in Q3 Up 4% sequentially after prior declines |
| Q3'25 | Delivered | Client business sequential growth in Q3 Client revenue increased 10% sequentially as guided |
| Q3'25 | Pending | Would resume MI308 shipments as licenses approved Received some licenses but still no revenue guidance, demand uncertainty emerged |
| Q3'25 | Exceeded | Data center revenue would grow double-digit sequentially in Q3 Grew 34% sequentially, well above double-digit guidance |
| Q3'25 | Delivered | MI355 would ramp in Q3 with strong customer adoption Multiple deployments underway with large cloud providers, exceeded expectations |
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