$AMD | Data Center Operating Income Margin 📶🧵 DC Operating Margin Q2 2025: 21.0% Q3 2025: 19.9% Q4 2025: 21.7% Q1 2026: 23.0% Q2 2026: 29.4% Q3 2026 is likely to be above 30% Now, we are not even in the inflection quarter for Helios Rack and EPYC Venice aggressive Ramp yet, but Q2 2026 Operating Margin already jumped +6.4 percentage points in a single quarter. AKA Massive Margin Expansion. This shows significant operating leverage: every incremental dollar of revenue is converting into operating income at a much higher rate. From Q4 2026, most will see even a bigger expansion, and improve QoQ in the next 3-5 years. @AMD Data Center Operating Margin could go as high as 50-55% next year, meaning $100B would have $50-$55B in operating income. This is the beauty of letting TSMC handli
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