Revenue
$11.5B
Above $11.3B expectation
Above Expectations← Earnings Research Lab
Featured Earnings · AMD
AMD Q2 2026 Earnings Health Check
Last verified after August 7, 2026 close
Current Snapshot
Adjusted EPS
$1.66
$1.61 expected · +3.1%
Above ExpectationsData Center
$6.7B
+107% year over year
StrongGross Margin
56%
Non-GAAP
Below Elevated HopesNext-Quarter Outlook
$13.0B ± $0.3B
Revenue · margin about 56%
PositiveNext-Day Stock Move
−7.0%
$482.05 close
NegativeThe Core Tension
Operating results were strong, but the price response was weak—suggesting that pre-report expectations and future growth requirements were higher than the headline consensus implied.
Latest Next-Day Rank
7 / 9
Ranked strongest to weakest
Up / Down After Earnings
4 / 5
Nine-report sample
Median Next-Day Move
-6.3%
Nine-report sample
ResultsUpdated
Next DayUpdated
Day 5Pending
Day 20Pending
The Most Important Historical Comparison
Did a larger result above expectations reliably lead to a stronger stock response?
AMD Earnings History: Percent Above Expectations vs. Next-Day Stock Move
How far actual EPS came in above expectations and how the stock moved by the next trading-day close.
Percent Above ExpectationsStock UpStock DownLatest Report
Results above expectations did not consistently produce a higher stock price. Revenue, guidance, valuation, and expectations entering the report also shaped the response.
Historical data provide context, not a forecast.
Position Before Earnings
Was optimism already reflected in AMD’s share price?
| Window | AMD | SOXX | AMD vs. SOXX |
|---|---|---|---|
| Prior 5 Trading Days | +14.1% | +10.3% | Outperformed 3.7 pp |
| Prior 20 Trading Days | +0.5% | -1.7% | Outperformed 2.2 pp |
AMD Compared With the Market
SOXX is the primary semiconductor benchmark; QQQ provides broader market context.
| Window | AMD | SOXX | QQQ | AMD vs. SOXX |
|---|---|---|---|---|
| Next Day | -7.0% | -2.1% | -0.9% | -4.9 pp |
| Day 5 | Pending | Pending | Pending | Pending |
| Day 20 | Pending | Pending | Pending | Pending |
AMD fell 4.9 percentage points more than SOXX the next day. The decline was therefore broader than the market’s, although the semiconductor group also weakened.
What the Market Focused On
Data Center and AI
$6.7B · +107% YoY
StrongDemand growth was clear, but the market expects the pace to remain elevated.
Gross Margin
56% non-GAAP
Below Elevated HopesAI growth has not yet translated into a meaningfully higher companywide margin.
Next-Quarter Outlook
$13.0B ± $0.3B
PositiveThe revenue outlook was strong, but growth quality and margin still need confirmation.
Historical Comparability
Historical reactions provide a reference range, but the current AI weighting, valuation, and pre-report move differ from parts of the sample. Overall comparability is moderate.
Pre-Earnings 5D Move
LowValuation and Expectations
LowImportance of AI
LowSemiconductor Backdrop
MediumGuidance Quality
HighRecent Historical Data
| Date | Expected EPS | Actual EPS | Percent Above Expectations | Pre-Earnings 5D | Next Day | Day 5 | Day 20 |
|---|---|---|---|---|---|---|---|
| 2026-08-04Latest | $1.61 | $1.66 | +3.1% | +14.1% | -7.0% | -7.7% | Pending |
| 2026-05-05 | $1.06 | $1.11 | +4.7% | +9.9% | +18.6% | +26.2% | +52.7% |
| 2026-02-03 | $1.32 | $1.53 | +15.9% | -3.9% | -17.3% | -11.8% | -16.5% |
View all nine historical reports
| Date | Expected EPS | Actual EPS | Percent Above Expectations | Pre-Earnings 5D | Next Day | Day 5 | Day 20 |
|---|---|---|---|---|---|---|---|
| 2026-08-04Latest | $1.61 | $1.66 | +3.1% | +14.1% | -7.0% | -7.7% | Pending |
| 2026-05-05 | $1.06 | $1.11 | +4.7% | +9.9% | +18.6% | +26.2% | +52.7% |
| 2026-02-03 | $1.32 | $1.53 | +15.9% | -3.9% | -17.3% | -11.8% | -16.5% |
| 2025-11-04 | $1.17 | $1.20 | +2.6% | -3.1% | +2.5% | -5.0% | -13.0% |
| 2025-08-05 | $0.48 | $0.48 | +0.3% | -1.8% | -6.4% | +0.4% | -7.0% |
| 2025-05-06 | $0.94 | $0.96 | +1.7% | +2.7% | +1.8% | +14.0% | +20.2% |
| 2025-02-04 | $1.08 | $1.09 | +0.9% | +4.7% | -6.3% | -7.0% | -14.9% |
| 2024-10-29 | $0.92 | $0.92 | -0.2% | +7.9% | -10.6% | -14.8% | -17.2% |
| 2024-07-30 | $0.68 | $0.69 | +1.8% | -10.1% | +4.4% | -6.0% | +8.7% |
Methodology and Risk Notes
SOXX is used as a practical semiconductor-sector benchmark and QQQ as broader Nasdaq-100 context. All displayed return windows use regular-session closes. Pending means the observation has not happened; it never means zero.
How the figures are calculated
- Percent Above Expectations = (actual adjusted EPS − expected adjusted EPS) ÷ expected adjusted EPS × 100%.
- Next-Day, Day 5, and Day 20 compare the earnings-date regular close with the corresponding later trading-day close.
- Pre-Earnings 5D and 20D compare the fifth and twentieth prior trading-day closes with the earnings-date close.
AMD Sources and Data Provenance
- [1]SpaceX Investor Relations & SEC Edgar — SpaceX Q2 2026 Form 10-Q & Form 8-K Filings ↗August 4, 2026 · 2026-08-07
- [2]AMD Investor Relations — AMD Reports Second Quarter 2026 Financial Results ↗August 4, 2026 · 2026-08-07
Market data checked after the August 5, 2026 close.
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This page is provided for market information and educational purposes only. It does not constitute investment advice. Market conditions change rapidly and past performance does not guarantee future results.