Equity Profile

AMD

Advanced Micro Devices, Inc.

Information TechnologySemiconductors$758.6B

Aug4Tue

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Advanced Micro Devices, Inc. (AMD) is a leading semiconductor company known for its high-performance computing and graphics solutions....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and meet demand, especially in competitive segments like data centers and gaming.

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 known for its high-performance computing and graphics solutions. As a key player in the technology sector, AMD is crucial in powering devices and applications across various industries, including AI and cloud computing.

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, significantly beating estimates by 29.49%. The stock reacted positively, gaining 4.02% the following day.

Management Promises & Guidance

Focus on expanding market share in data centers.
Commitment to innovation in AI and graphics technologies.
Plans to enhance supply chain efficiencies.

Expectations

Wall Street Expectations

Overall, expectations are mixed as AMD has consistently beaten EPS estimates, but revenue guidance remains unclear. Investors are keen to see if this trend continues.

Bull Case

If AMD maintains its strong EPS growth and shows robust revenue from data centers and gaming, the stock could see significant upward momentum.

Bear Case

On the other hand, if revenue growth falls short or margins decline, it could lead to a negative reaction from investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the revenue growth rate be for the data center segment?

This segment is crucial for AMD's future growth, and any shortfall could impact investor confidence.

How will gross margins be affected by rising production costs?

Margins are vital for profitability, and any decline could signal challenges in maintaining competitive pricing.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate AMD's ability to capture market share in the data center segment, which is critical for future growth.

Supporting Evidence

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

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

Insider selling could indicate a lack of confidence in the stock's near-term performance.

Key Risk

If data center revenue falls below $2 billion, it could challenge the bullish narrative surrounding AMD's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate revolves around AMD's ability to sustain growth in a competitive semiconductor market while managing costs.

Bull Confirmed If

Revenue growth of 15% or more in the data center segment would confirm the bull case.

Bear Confirmed If

A decline in gross margins below 45% would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±9.55%

Historical Avg

±2.8%

Pricing rich

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

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)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$9.0M

33,109 sh

1 insider

Net

$9.0M

Net selling

Most Active Insiders· 2 open-market trades

Chief Technology Officer & EVPPapermaster Mark D
$9.0M

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AMD beats expectations and raises guidance, history suggests the stock could rise by around 0.36% on the following day.

In-Line / Cautious

If results are in line but management expresses caution, the stock may experience muted movement as investors assess future risks.

Miss

If AMD misses expectations, history suggests a potential decline of around 2.78% in the stock price.

Preparation

Congressional Activity

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

Trades

3 buys·3 sells

Members

House only

Est. Notional

$69,006.00–$210,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
3

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on data center revenue growth and market share.
2Details on cost management strategies and their impact on gross margins.
3Insights into demand trends for gaming and AI products.
4Management's outlook on supply chain challenges and resolutions.
5Any commentary on competitive pressures from other semiconductor companies.

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 known for its high-performance computing and graphics solutions....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its market share and meet demand, especially in competitive segments like data centers and gaming.

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, significantly beating estimates by 29.49%. The stock reacted positively, gaining 4.02% the following day.

Management Promises & Guidance

Focus on expanding market share in data centers.
Commitment to innovation in AI and graphics technologies.
Plans to enhance supply chain efficiencies.

Expectations

Wall Street Expectations

Overall, expectations are mixed as AMD has consistently beaten EPS estimates, but revenue guidance remains unclear. Investors are keen to see if this trend continues.

Bull Case

If AMD maintains its strong EPS growth and shows robust revenue from data centers and gaming, the stock could see significant upward momentum.

Bear Case

On the other hand, if revenue growth falls short or margins decline, it could lead to a negative reaction from investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the revenue growth rate be for the data center segment?

This segment is crucial for AMD's future growth, and any shortfall could impact investor confidence.

How will gross margins be affected by rising production costs?

Margins are vital for profitability, and any decline could signal challenges in maintaining competitive pricing.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate AMD's ability to capture market share in the data center segment, which is critical for future growth.

Supporting Evidence

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

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

Insider selling could indicate a lack of confidence in the stock's near-term performance.

Key Risk

If data center revenue falls below $2 billion, it could challenge the bullish narrative surrounding AMD's growth prospects.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate revolves around AMD's ability to sustain growth in a competitive semiconductor market while managing costs.

Bull Confirmed If

Revenue growth of 15% or more in the data center segment would confirm the bull case.

Bear Confirmed If

A decline in gross margins below 45% would support the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±9.55%

Historical Avg

±2.8%

Pricing rich

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

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)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$9.0M

33,109 sh

1 insider

Net

$9.0M

Net selling

Most Active Insiders· 2 open-market trades

Chief Technology Officer & EVPPapermaster Mark D
$9.0M

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If AMD beats expectations and raises guidance, history suggests the stock could rise by around 0.36% on the following day.

In-Line / Cautious

If results are in line but management expresses caution, the stock may experience muted movement as investors assess future risks.

Miss

If AMD misses expectations, history suggests a potential decline of around 2.78% in the stock price.

Preparation

Congressional Activity

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

Trades

3 buys·3 sells

Members

House only

Est. Notional

$69,006.00–$210,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
3

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on data center revenue growth and market share.
2Details on cost management strategies and their impact on gross margins.
3Insights into demand trends for gaming and AI products.
4Management's outlook on supply chain challenges and resolutions.
5Any commentary on competitive pressures from other semiconductor companies.