Equity Profile

AMD

Advanced Micro Devices, Inc.

Information TechnologySemiconductors$788.8B

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 manufactures computer processors and graphics cards....

Key Metrics to Watch

EPS

Earnings per share (EPS) is a critical measure of a company's profitability and can influence investor sentiment.

$1.61

Revenue

Revenue figures provide insight into the company's sales performance and market demand for its products.

$11.3B

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 manufactures computer processors and graphics cards. As a key player in the information technology sector, AMD is heavily involved in trends like artificial intelligence and cloud computing, making it a significant contributor to the tech landscape.

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 exceeding expectations of $1.06, marking a 29.49% surprise. The stock reacted positively, gaining 4.02% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect AMD to continue its strong performance, with a consensus EPS of $1.61 and revenue of $11.3B. The market is closely watching for any signs of sustained growth in key segments.

Bull Case

If AMD beats earnings expectations, it could signal strong demand for its products, particularly in AI and data centers, potentially driving the stock higher.

Bear Case

Conversely, if AMD fails to meet expectations, it may raise concerns about slowing growth in a competitive semiconductor market, leading to a negative reaction.

Key Metrics to Watch

EPS

$1.61

Earnings per share (EPS) is a critical measure of a company's profitability and can influence investor sentiment.

Revenue

$11.3B

Revenue figures provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will AMD's revenue exceed $11.3B, indicating strong demand?

This figure is crucial for assessing the company's growth trajectory and market position.

Can AMD maintain or improve its EPS above $1.61?

A higher EPS would reinforce investor confidence and highlight operational efficiency.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate AMD's growth potential in AI and data centers, which could drive higher demand than currently anticipated.

Supporting Evidence

AMD's recent performance has consistently beaten EPS estimates, indicating strong operational execution.

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

Recent trends in AI adoption could lead to increased sales, which are not fully reflected in current forecasts.

Key Risk

If AMD's AI-related revenue shows significant growth, it could challenge the current consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating AMD's ability to sustain its growth amid increasing competition and market pressures.

Bull Confirmed If

Achieving revenue growth above $11.3B with an EPS of $1.61 or better would confirm the bull case.

Bear Confirmed If

Failing to reach $11.3B in revenue or reporting an EPS below $1.61 would support the bear case.

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 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)

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% on the following day, confirming strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors assess future guidance.

Miss

A miss could lead to a decline, with historical data indicating an average drop of around 1.96% in such scenarios.

Preparation

Congressional Activity

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

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on revenue from AI and data center segments.
2Any guidance on future product launches or technological advancements.
3Management's commentary on competitive pressures and market share.
4Insights into supply chain stability and production capacity.
5Details on customer demand trends and order backlog.

See the full picture

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

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Aug3

ONBMO

ON Semiconductor Corporation

PreviewView

Aug3

LBMO

Company Snapshot

Advanced Micro Devices, Inc. (AMD) is a leading semiconductor company that designs and manufactures computer processors and graphics cards....

Key Metrics to Watch

EPS

Earnings per share (EPS) is a critical measure of a company's profitability and can influence investor sentiment.

$1.61

Revenue

Revenue figures provide insight into the company's sales performance and market demand for its products.

$11.3B

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 exceeding expectations of $1.06, marking a 29.49% surprise. The stock reacted positively, gaining 4.02% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect AMD to continue its strong performance, with a consensus EPS of $1.61 and revenue of $11.3B. The market is closely watching for any signs of sustained growth in key segments.

Bull Case

If AMD beats earnings expectations, it could signal strong demand for its products, particularly in AI and data centers, potentially driving the stock higher.

Bear Case

Conversely, if AMD fails to meet expectations, it may raise concerns about slowing growth in a competitive semiconductor market, leading to a negative reaction.

Key Metrics to Watch

EPS

$1.61

Earnings per share (EPS) is a critical measure of a company's profitability and can influence investor sentiment.

Revenue

$11.3B

Revenue figures provide insight into the company's sales performance and market demand for its products.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will AMD's revenue exceed $11.3B, indicating strong demand?

This figure is crucial for assessing the company's growth trajectory and market position.

Can AMD maintain or improve its EPS above $1.61?

A higher EPS would reinforce investor confidence and highlight operational efficiency.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate AMD's growth potential in AI and data centers, which could drive higher demand than currently anticipated.

Supporting Evidence

AMD's recent performance has consistently beaten EPS estimates, indicating strong operational execution.

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

Recent trends in AI adoption could lead to increased sales, which are not fully reflected in current forecasts.

Key Risk

If AMD's AI-related revenue shows significant growth, it could challenge the current consensus.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating AMD's ability to sustain its growth amid increasing competition and market pressures.

Bull Confirmed If

Achieving revenue growth above $11.3B with an EPS of $1.61 or better would confirm the bull case.

Bear Confirmed If

Failing to reach $11.3B in revenue or reporting an EPS below $1.61 would support the bear case.

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 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)

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% on the following day, confirming strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors assess future guidance.

Miss

A miss could lead to a decline, with historical data indicating an average drop of around 1.96% in such scenarios.

Preparation

Congressional Activity

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

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on revenue from AI and data center segments.
2Any guidance on future product launches or technological advancements.
3Management's commentary on competitive pressures and market share.
4Insights into supply chain stability and production capacity.
5Details on customer demand trends and order backlog.