Advanced Micro Devices (AMD) reported second-quarter earnings that exceeded expectations with adjusted EPS of $1.66 and revenue of $11.54 billion, driven mainly by a 107% surge in Data Center sales to $6.7 billion. Despite the strong results, AMD's stock dropped more than 10% in after-hours trading, partly due to revenue guidance of about $13 billion for the next quarter, which was below some analysts' expectations. The company highlighted growth in AI-related products, including its Instinct GPUs and upcoming Helios rack AI system, positioning AMD as a key player in the expanding AI semiconductor market. AMD also raised its forecast for the semiconductor industry's size by 2028, emphasizing AI accelerators as a major growth driver.
AMD shares fell 8.8% in after-hours trading despite beating revenue and EPS expectations with $11.54 billion in sales and $1.66 EPS. The company also forecasted $13 billion in the next quarter, above estimates, and expects data center sales to double...
AMD's stock fell 8.2% in premarket trading despite reporting second-quarter revenue of $11.54 billion, beating analyst expectations of $11.28 billion. The company's growth was driven by a 107% increase in data center sales, fueled by CPU and GPU dema...
AMD reported $11.5 billion in revenue, up 50% year-on-year, beating expectations with strong data center growth doubling to $6.7 billion. However, shares dropped nearly 9% as investors worry about AMD's dependence on a small group of major AI clients...
AMD reported better-than-expected Q2 2026 earnings driven by its Data Center segment, now 58% of revenue, with strong growth and AI partnerships boosting outlook for H2 2026. Gross margin rose to 56% and operating margin to 27%, improving cash flow a...
The Direxion Daily Semiconductor Bull 3X Shares (SOXL) ETF gained 460.92% over the past year, far exceeding the 126.59% rise of its underlying semiconductor index due to daily compounding in a trending market. However, recent volatility showed the ri...
