AMD announced its second-quarter 2026 earnings, with data center revenue reaching $6.72 billion and total revenue reaching $11.54 billion, exceeding the market expectation of $11.28 billion. Adjusted earnings per share came in at $1.66, surpassing the expected $1.62. AMD forecasts third-quarter revenue of approximately $13.0 billion, with a range of ±$300 million, above the expected $12.52 billion. CEO Lisa Su stated that the second-generation Helios AI servers are now fully in production and expected to ship over the coming months, with AMD set to deliver relevant AI servers to Meta and OpenAI by the end of this quarter. AMD’s gaming business revenue declined 31% year-over-year to $779 million in the second quarter. Following the earnings announcement, AMD’s stock dropped more than 9% in after-hours trading.
AMD Q2 Revenue Reaches Record $11.54 Billion; Stock Falls After Earnings Report
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Summary
AMD's Q2 2026 revenue reached a record $11.54 billion, fueled by $6.72 billion in data center sales. The results exceeded forecasts of $11.28 billion, with adjusted EPS at $1.66 compared to the expected $1.62. Gaming revenue declined 31% to $779 million. The company raised its Q3 guidance to $13 billion, above the $12.52 billion estimate. CEO Lisa Su stated that second-generation Helios AI servers are now in full production, with shipments to Meta and OpenAI expected by quarter-end. Despite strong AI and crypto news alongside solid inflation data, AMD shares fell 9% in after-hours trading.
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