AMD posts record Q2 revenue, shares drop in after-hours

Advanced Micro Devices reported record quarterly revenue and profit for the second quarter, driven by surging demand for its data center products, but its shares fell sharply in after-hours trading as investors reacted to its future outlook. The chipmaker announced its results after the market closed on Tuesday, August 4, 2026.

AMD posted second-quarter revenue of $11.5 billion, a 50% increase from the same period last year, surpassing analyst expectations. The company's data center segment was the primary engine of growth, with revenue more than doubling year-over-year to $6.7 billion, accounting for 58% of total company revenue. This performance was fueled by strong sales of AMD's EPYC server processors and Instinct accelerators.

On a non-GAAP basis, the company reported earnings per share of $1.66 and net income of $2.8 billion, beating estimates. On a GAAP basis, diluted earnings per share were $1.38 with net income of $2.3 billion, representing a 163% increase in net income from the prior year.

While the data center and client segments showed robust growth, the gaming division experienced a significant decline. Gaming revenue fell 31% to $779 million due to lower semi-custom...