AMD earnings report Q2 2026

Key Points:

• Advanced Micro Devices (AMD) reported second-quarter earnings with adjusted EPS of $1.66 and revenue of $11.54 billion, both surpassing market expectations and reflecting a 50% year-over-year revenue increase driven by AI chip demand.
• The Data Center segment led growth with $6.7 billion in sales, up 107% annually, fueled by strong CPU and GPU sales, while the company anticipates accelerating Data Center sales and revenue growth through 2026 and 2027.
• AMD forecasted approximately $13 billion in revenue for the current quarter, exceeding consensus estimates, and raised its semiconductor industry outlook to a $2 trillion market by 2028, with AI accelerators expected to contribute $1.4 trillion.
• The company plans to begin shipping its first rack AI system, Helios, this quarter to major clients including Meta, OpenAI, and Oracle, positioning itself as a competitor to Nvidia's full-system offerings.
• Despite strong overall performance, AMD's stock declined in extended trading, and the company noted a modest 6% growth in its client and gaming segment, while capital expenditures rose significantly to $808 million in the quarter.