Equity Profile

AMD

Advanced Micro Devices, Inc.

Information TechnologySemiconductors$872.4B

Aug4Tue

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Advanced Micro Devices, Inc. (AMD) is a leading semiconductor company that designs and produces microprocessors and graphics cards....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a critical measure of a company's profitability and will indicate how well AMD is managing costs and generating income.

N/A

Revenue Growth

Revenue growth is essential for assessing AMD's market demand and overall business health, especially in a competitive semiconductor landscape.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

AMD Q2-2026 Earnings Preview

Context

Company Snapshot

Advanced Micro Devices, Inc. (AMD) is a leading semiconductor company that designs and produces microprocessors and graphics cards. As a key player in the information technology sector, AMD is crucial for powering everything from personal computers to data centers, and it is increasingly involved in areas like artificial intelligence and gaming.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+27.53%

Avg Stock Reaction

+0.36%

Last Quarter Recap

In Q1-2026, AMD reported an EPS of $1.37, exceeding expectations by 29.49%. The stock reacted positively, gaining 4.02% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for AMD's upcoming earnings are mixed, with investors keenly watching for any signs of sustained growth or potential challenges.

Bull Case

The optimistic view hinges on AMD continuing its trend of exceeding EPS estimates, which could signal strong operational performance and market demand.

Bear Case

Conversely, if AMD fails to meet expectations or provides weak guidance, it could raise concerns about its competitive position and market dynamics.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS figure for Q2-2026?

This number will be crucial in determining if AMD continues its trend of beating estimates, which could positively influence investor sentiment.

How does AMD plan to address competitive pressures in the semiconductor market?

Understanding AMD's strategy in a competitive landscape will be vital for assessing its future growth potential and market share.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate AMD's ability to capitalize on AI and data center growth, which could drive better-than-expected performance this quarter.

Supporting Evidence

AMD has consistently beaten EPS estimates, indicating strong operational management.

The options market is pricing a larger move than historical averages, suggesting heightened expectations.

Recent insider activity shows mixed signals, which could indicate confidence in AMD's future performance.

Key Risk

If AMD's revenue growth exceeds expectations, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will reflect AMD's ability to sustain growth amidst increasing competition and market fluctuations.

Bull Confirmed If

An EPS of $1.50 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $1.20 would confirm the bear case, raising concerns about AMD's competitive position.

Pre-Earnings Positioning

Options Market

Implied Move

±9.57%

Historical Avg

±2.8%

Pricing rich

The options market is pricing in a significant move, suggesting that traders anticipate volatility around the earnings report.

Options are pricing ±9.6% while AMD has averaged ±2.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

85.1%

Calls (16.0M)P/C Ratio: 1.24Puts (11.8M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AMD beats expectations, history suggests the stock could rise by around 0.36%, confirming strong operational performance.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may experience muted movement as investors reassess growth prospects.

Miss

If AMD misses expectations, the stock could decline, with historical patterns suggesting a potential drop of around 2.78%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

3 buys·2 sells

Members

House only

Est. Notional

$54,005.00–$160,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on AMD's market share in the data center segment.
2Insights into the impact of AI on product demand and sales.
3Details on cost management strategies to maintain gross margins.
4Any commentary on supply chain stability and its effects on production.
5Guidance on future revenue expectations and growth areas.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Advanced Micro Devices, Inc. (AMD) is a leading semiconductor company that designs and produces microprocessors and graphics cards....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a critical measure of a company's profitability and will indicate how well AMD is managing costs and generating income.

N/A

Revenue Growth

Revenue growth is essential for assessing AMD's market demand and overall business health, especially in a competitive semiconductor landscape.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

AMD Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+27.53%

Avg Stock Reaction

+0.36%

Last Quarter Recap

In Q1-2026, AMD reported an EPS of $1.37, exceeding expectations by 29.49%. The stock reacted positively, gaining 4.02% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations for AMD's upcoming earnings are mixed, with investors keenly watching for any signs of sustained growth or potential challenges.

Bull Case

The optimistic view hinges on AMD continuing its trend of exceeding EPS estimates, which could signal strong operational performance and market demand.

Bear Case

Conversely, if AMD fails to meet expectations or provides weak guidance, it could raise concerns about its competitive position and market dynamics.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS figure for Q2-2026?

This number will be crucial in determining if AMD continues its trend of beating estimates, which could positively influence investor sentiment.

How does AMD plan to address competitive pressures in the semiconductor market?

Understanding AMD's strategy in a competitive landscape will be vital for assessing its future growth potential and market share.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate AMD's ability to capitalize on AI and data center growth, which could drive better-than-expected performance this quarter.

Supporting Evidence

AMD has consistently beaten EPS estimates, indicating strong operational management.

The options market is pricing a larger move than historical averages, suggesting heightened expectations.

Recent insider activity shows mixed signals, which could indicate confidence in AMD's future performance.

Key Risk

If AMD's revenue growth exceeds expectations, it could challenge the current cautious consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will reflect AMD's ability to sustain growth amidst increasing competition and market fluctuations.

Bull Confirmed If

An EPS of $1.50 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $1.20 would confirm the bear case, raising concerns about AMD's competitive position.

Pre-Earnings Positioning

Options Market

Implied Move

±9.57%

Historical Avg

±2.8%

Pricing rich

The options market is pricing in a significant move, suggesting that traders anticipate volatility around the earnings report.

Options are pricing ±9.6% while AMD has averaged ±2.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

85.1%

Calls (16.0M)P/C Ratio: 1.24Puts (11.8M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AMD beats expectations, history suggests the stock could rise by around 0.36%, confirming strong operational performance.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may experience muted movement as investors reassess growth prospects.

Miss

If AMD misses expectations, the stock could decline, with historical patterns suggesting a potential drop of around 2.78%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

3 buys·2 sells

Members

House only

Est. Notional

$54,005.00–$160,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
2

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on AMD's market share in the data center segment.
2Insights into the impact of AI on product demand and sales.
3Details on cost management strategies to maintain gross margins.
4Any commentary on supply chain stability and its effects on production.
5Guidance on future revenue expectations and growth areas.