AMD Stock Drops 8% After Disappointing Sales Outlook Despite Q2 Earnings Beat
Earnings·2 articles across 2 outlets·↩ Updated
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Advanced Micro Devices Inc. saw its stock plummet 8% in premarket trading following an underwhelming sales outlook. Although the chipmaker reported a modest earnings beat for the second quarter, investors were left wanting more from the company's growth prospects in the AI sector.
The stock had previously surged 132% in 2026, benefiting from the AI boom, but the latest guidance indicated that shareholders expected a stronger return from the expansion of AI data centers. This disappointment led to a significant decline in AMD's stock during extended trading hours.
AMD
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“The chip giant has been a big beneficiary of the AI boom, with stock trading 132% up so far in 2026.”
CNBC — AMD plummets 8% in premarket trading despite beating expectations“Advanced Micro Devices Inc. tumbled in early trading after giving an underwhelming sales outlook, a sign shareholders expected more of a return from the global expansion of AI data centers.”
Bloomberg — AMD Slides After AI Growth Outlook Underwhelms Investors“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“AMD falls as investors seek bigger AI payoff”
Yahoo Finance — AMD falls as investors seek bigger AI payoff
Earlier versions
- Aug 4, 8:26 PM — AMD Sales Outlook Disappoints Investors After Q2 Earnings Beat (2/2)
- Aug 5, 9:21 AM — AMD Reports Q2 Revenue Up 50% YoY to $11.5B, Forecasts Q3 Revenue Below Estimates (2/2)