AMD Reports 50% Revenue Growth But Stock Drops After Disappointing Outlook
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Advanced Micro Devices Inc. reported a 50% year-over-year increase in revenue for Q2 2026, reaching $11.5 billion, driven largely by a 107% surge in its Data Center unit, which generated $6.7 billion. Despite this strong performance, the company's stock fell over 7% in after-hours trading due to a disappointing sales outlook for the upcoming quarter.
Investors had anticipated a more robust forecast following the AI-driven demand for data center capacity, but AMD's guidance for Q3 revenue fell short of expectations. The company's gaming segment appears to be lagging behind, as the focus shifts toward the booming data center business.
Sources
Every quote below is verbatim from the article it is attributed to.
“AMD's Data Center unit is driving the company's growth, up 107% over last year.”
CNBC — AMD's revenue climbs 50% and data center sales doubled, but the stock is down“Advanced Micro Devices Inc. disappointed investors with its latest sales outlook, a sign shareholders expected more of a return from the global expansion of AI data centers.”
Bloomberg — AMD’s Forecast Disappoints Investors After AI-Fueled Rally“Driven by demand for AI capacity, AMD's data center revenue more than doubled year-over-year in its latest earnings report, reaching $6.7 billion.”
The Verge — AMD’s datacenter business is booming while gaming takes a backseat“AMD edged above Wall Street's targets for the second quarter and with its sales outlook.”
IBD — AMD Stock Drops As Chipmaker Disappoints With Modest Quarterly Beat“Ian King / Bloomberg: AMD reports Q2 revenue up 50% YoY to $11.5B, vs.”
techmeme — AMD reports Q2 revenue up 50% YoY to $11.5B, vs. $11.3B est., Data Center revenue up 107%, forecasts Q3 revenue below some estimates; AMD drops 7%+ after hours (Ian King/Bloomberg)
“AMD posted record revenue as data center sales more than doubled year over year”
quartz — AMD posted record revenue as data center sales more than doubled year over year
Earlier versions
- Aug 4, 8:59 PM — AMD Reports 50% Revenue Growth and Doubled Data Center Sales in Q2 2026 (3/3)