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CNBC
AMD plummets 8% in premarket trading despite beating expectations
AMD's stock tumbled 8.2% in premarket trading despite reporting earnings that surpassed expectations, with revenues soaring 50% to $11.54 billion. This growth was largely fueled by significant gains in data center sales, which surged 107% to $6.7 billion year-on-year. Although AMD's earnings were slightly ahead of consensus, they fell short of more optimistic projections, leading to market jitters.
MonitorConfidence: MediumShort term horizon
Published 5 Aug 2026, 09:55 UTC1 min read
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Summary
TL;DR
- AMD's stock dropped 8.2% in premarket trading.
- Revenue for Q2 rose 50% to $11.54 billion.
- Data center sales increased by 107% year-over-year.
- AMD benefits significantly from AI chip demand.
- Sales of CPUs and GPUs were primary growth drivers.
Interesting facts
- AMD's stock has increased 132% year-to-date.
- Analysts expected revenue of $11.28 billion, indicating stronger-than-anticipated performance.
Coverage gaps
- Further details on analyst expectations and projections