A designer of computer chips behind the Ryzen processors in many PCs, the Radeon graphics cards gamers use, and the semi-custom chips powering the PlayStation and Xbox game consoles. The company also makes EPYC server chips and Instinct AI accelerators that run giant cloud data centers. Founded in 1969 by Jerry Sanders and seven former Fairchild Semiconductor colleagues, it got its start making chips designed by other firms, and its flamboyant founder was nicknamed the "rock star of the semiconductor industry."
AMD appoints Tim Ryan to board; Joe Householder retires effective Aug. 19, 2026
KC McClure will succeed Householder as Chair of the Audit and Finance Committee and join the Nominating and Corporate Governance Committee.
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Joe Householder notified AMD on Aug. 17, 2026 of his retirement from the Board, effective Aug. 19, 2026, after serving as a director since 2014.
Tim Ryan was appointed to the Board effective Aug. 19, 2026, and qualifies as an independent director under Nasdaq and SEC rules.
Nora Denzel, Lead Independent Director, will join the Audit and Finance Committee.
Ryan will receive compensation under the same policies as other non-employee directors and is expected to enter AMD's standard indemnity agreement.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
AMD closes $4.75B senior notes offering across four tranches
AMD closed a public offering of $4.75 billion aggregate principal amount of senior notes on August 17, 2026.
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The offering comprised $1.25B of 4.600% notes due 2029, $1.50B of 5.000% notes due 2031, $1.00B of 5.250% notes due 2033, and $1.00B of 5.500% notes due 2036.
Net proceeds are intended for general corporate purposes, which may include repayment of debt.
The notes are general unsecured senior obligations, issued under an indenture supplemented by a Third Supplemental Indenture dated August 17, 2026.
Underwriters included Barclays, BofA Securities, Citigroup, J.P. Morgan, Morgan Stanley, and Wells Fargo Securities.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
AMD raises executive base salaries and grants new long-term equity awards effective July 1, 2026.
CEO Lisa Su's annual base salary rises from $1,323,000 to $1,375,000; CFO Jean Hu's from $800,000 to $850,000.
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On June 26, 2026, AMD's Board and Compensation Committee approved base salary increases for five executives, effective July 1, 2026.
CTO Mark Papermaster's salary increases to $900,000; CSO Darren Grasby's to $843,866; Data Center Solutions GM Forrest Norrod's to $800,000.
On August 15, 2026, executives will receive equity awards under the 2023 Equity Incentive Plan with target values ranging from $7.5 million to $36 million.
Awards mix PRSUs and RSUs; PRSUs vest based on relative TSR and non-GAAP EPS performance over a three-year period, with RSUs vesting over four years.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
AMD enters $5.0B revolving credit facility and increases commercial paper program to $5.5B
On May 14, 2026, AMD entered into a five-year, $5.0 billion unsecured revolving credit facility with JPMorgan Chase Bank as administrative agent, replacing its existing 2022 credit facility.
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The new credit facility bears interest at Term SOFR plus a margin of 0.50% to 0.80% or Base Rate plus 0.00%, with no financial covenants and no borrowings outstanding as of the closing date.
AMD increased its unsecured commercial paper program from $3.0 billion to $5.5 billion, with maturities up to 397 days, for general corporate purposes.
At the 2026 Annual Meeting on May 13, 2026, stockholders approved an amendment to the 2023 Equity Incentive Plan, increasing authorized shares by 65 million to 153 million total.
Stockholders elected all eight director nominees, ratified Ernst & Young as independent auditor, approved say-on-pay, and rejected a stockholder proposal to lower the special meeting ownership threshold.
1.01 Entry into a Material Definitive Agreement · 1.02 Termination of a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
Earnings8-K
AMD reports Q1 2026 revenue of $10.3 billion, up 38% year-over-year
GAAP gross margin was 53%, operating income was $1.5 billion, net income was $1.4 billion, and diluted EPS was $0.84.
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Non-GAAP gross margin was 55%, operating income was $2.5 billion, net income was $2.3 billion, and diluted EPS was $1.37.
Data Center segment revenue was $5.8 billion, up 57% year-over-year.
For Q2 2026, AMD expects revenue of approximately $11.2 billion, plus or minus $300 million, and non-GAAP gross margin of approximately 56%.
AMD announced plans with Meta to deploy up to 6 gigawatts of AMD Instinct GPUs.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
AMD and Meta announce 6-gigawatt GPU deal; AMD issues Meta warrant for 160 million shares
Meta made a binding commitment to purchase an initial 1 gigawatt equivalent of AMD Instinct GPU products under an amended Master Purchase Agreement dated May 23, 2023.
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AMD issued Meta a performance-based warrant to purchase up to 160 million AMD common shares at $0.01 per share, vesting in tranches tied to Meta's purchases of AMD Instinct GPU products.
Full vesting of the warrant requires Meta to purchase 6 gigawatts of AMD Instinct GPU products, with additional vesting conditions including AMD stock price thresholds escalating to $600 per share.
Shipments supporting the first gigawatt deployment are expected to begin in the second half of 2026, using a custom AMD Instinct GPU based on the MI450 architecture and 6th Gen AMD EPYC CPUs.
The warrant is exercisable until February 23, 2031, and was issued in reliance on the Section 4(a)(2) exemption from registration.
1.01 Entry into a Material Definitive Agreement · 3.02 Unregistered Sales of Equity Securities · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
AMD grants CEO Lisa Su $75M performance-based equity award and approves fiscal 2025 bonuses.
On February 11, 2026, the Board approved a special long-term equity award to CEO Lisa T. Su with a target value of $75 million, to be granted on March 15, 2026 under the 2023 Equity Incentive Plan.
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The award is 100% performance-based, tied to four stock price hurdles (10%, 15%, 17.5% five-year CAGR, and $600 per share) with earned PRSUs ranging from 0% to 200% of target.
Vesting requires Dr. Su to remain CEO or Executive Chair through applicable vesting dates, with tranches vesting on the third and fifth anniversaries of the grant date.
On February 10, 2026, the Compensation Committee approved fiscal 2025 EIP cash bonuses for executives: Jean Hu ($1,179,750), Mark Papermaster ($1,293,187), Forrest Norrod ($1,157,062), and Ava Hahn ($738,100).
On February 11, 2026, the Board approved a fiscal 2025 EIP cash bonus of $3,125,430 for Lisa T. Su; all bonuses are expected to be paid in March 2026.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements