AMD posts record Q2 revenue as stock slides 5%

Advanced Micro Devices reported record-breaking financial results for the second quarter, surpassing Wall Street expectations, yet its stock price fell sharply as investors concluded the performance did not meet the extraordinarily high bar set for companies in the artificial intelligence semiconductor sector.

The chipmaker announced on Tuesday, August 4, 2026, that it achieved quarterly revenue of $11.54 billion, a 50% increase from the $7.69 billion reported a year earlier. Adjusted earnings per share came in at $1.66, beating the consensus estimate of $1.62. By traditional measures, the quarter was exceptionally strong, with earnings per share surging 246% year-over-year.

The standout performance came from AMD's data center segment, where revenue more than doubled to $6.7 billion, representing a 107% year-over-year increase. This division now accounts for 58% of the company's total revenue, cementing its position as the primary alternative to Nvidia in AI infrastructure. Company leadership provided an ambitious long-term outlook, estimating the server CPU market could grow from approximately $26 billion in 2025 to about $220 billion by 2030.