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.

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