From Investor's Business Daily, August 4:
AMD Stock Drops As Chipmaker Disappoints With Modest Quarterly Beat
Advanced Micro Devices (AMD) late Tuesday edged above Wall Street's targets for the second quarter and with its sales outlook. But AMD stock sank in extended trading.
The Santa Clara, Calif.-based fabless chipmaker earned an adjusted $1.66 a share on sales of $11.54 billion in the June quarter. Analysts polled by FactSet had expected earnings of $1.62 a share on sales of $11.31 billion. On a year-over-year basis, AMD's earnings rocketed 246% while sales rose 50%.
For the current quarter, AMD predicted total revenue of $13 billion. Wall Street had been modeling $12.56 billion in sales for the third quarter. In the year-ago period, AMD generated revenue of $9.25 billion.
"We delivered an excellent quarter, with record revenue and profitability as data center revenue more than doubled year over year," AMD Chief Executive Lisa Su said in a news release.
"We enter the second half with strong momentum as Epyc (server processor) demand accelerates, Instinct (AI processor) deployments scale and Helios (data center computers) begins to ramp," Su said. "More broadly, AI is driving a significant expansion in demand for compute across all of our markets, and our leadership portfolio and growing customer visibility position us exceptionally well to capture this expanding opportunity and deliver substantial revenue and earnings growth in the years ahead."
AMD competes with Nvidia (NVDA) and others in providing AI accelerators and central processing units for data centers running artificial intelligence applications.
In after-hours trading on the stock market today, AMD stock dropped more than 7% to 478.83. During the regular session Tuesday, AMD stock surged 7% to close at 518.58, rising above its 50-day moving average line....
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Last I saw the stock was down $45.64 (8.80%) at $472.94. As noted in the article the stock was up $33.94 (7.00%) during the regular session.
Here's the company, August 4:
AMD Reports Second Quarter 2026 Earnings