Advanced Micro Devices sinks afterhours as earnings offer slight beat

AMD beats Q2 consensus on top and bottom line
Revenue growth 50% YoY on strength of Data Center segment.
Q3 revenue expected to reach $13 billion with YoY growth falling to 41%.

Clay Webster FXStreet

Advanced Micro Devices (AMD) stock sank over 8% afterhours on Tuesday despite the chipmaker reporting a slight beat on earnings.

Adjusted earnings per share (EPS) came in at $1.66, besting the consensus by 5 cents. Revenue of $11.54 billion beat the consensus by $230 million and grew 50% YoY.

The lion's share of the revenue growth once again came from AMD's Data Center segment, which saw revenue hurdle 107% YoY, driven by strong demand for EPYC processors and Instinct GPUs. Total revenue for the segment hit $6.7 billion in the quarter.

The Client & Gaming segment stalled out with revenue growth up 6% YoY to $3.8 billion. However, the segment's two departments had completely different experiences. Client business revenue jumped 23% YoY to $3.1 billion, while the Gaming business revenue collapsed 31% YoY to $779 million.

The Embedded segment reported revenue of $977 million, up 19% YoY.

For the third quarter of 2026, AMD expects revenue of approximately $13 billion versus the $12.5 billion consensus. This would mean 41% YoY revenue growth in Q3. Non-GAAP gross margin is projected at 56%.

Author

Clay Webster

FXStreet

Clay Webster grew up in the US outside Buffalo, New York and Lancaster, Pennsylvania. He began investing after college following the 2008 financial crisis.

GBP/USD: Downward-sloping trendline near 1.3470 remains key barrier

The British pound faces selling pressure against its major currency peers, trading 0.1% lower at around 1.3420 against the US Dollar during the European trading session on Tuesday.

Euro clings to the bid bias above 1.1500

EUR/USD has picked up pace, reversing Monday’s decline and advancing past the 1.1500 barrier on Tuesday. In the meantime, hopes for a diplomatic solution to the Middle East crisis keep the US Dollar under modest downside pressure, helping spot in its recovery.

Coinbase Bitcoin Premium Index extends historical negative streak as risk appetite deteriorates

The Coinbase Bitcoin Premium Index extends its negative streak to 78 consecutive days on Tuesday, the longest on record. This reading comes amid the ongoing bearish trend, which has seen Bitcoin (BTC) drop by almost 50% from its record high to trade around $64,000.

Why the WTI sell-off may be hiding a supply warning

Prices for the barrel of the American Oil benchmark have fallen sharply as hopes of a US-Iran agreement have resurfaced, but a deeply backwardated Oil curve, tight Cushing stocks and light speculative positioning all warn that the sell-off may have gone too far.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.