Advanced Micro Devices (AMD) is scheduled to release its quarterly earnings report tomorrow, August 4, 2026. Analysts expect the company to report Q2 revenue of $11.34 billion, a 48% increase year-over-year, with adjusted earnings projected at $1.61 per share. The stock has recently experienced a sell-off, closing 1.90% lower on Friday amid concerns about AI spending sustainability. Options traders anticipate a 10% price swing following the announcement. Despite recent volatility, Wall Street remains bullish on AMD’s future, with analysts raising price targets and the company positioning itself to benefit from agentic AI technologies that rely on CPUs.
Advanced Micro Devices, Inc will release its quarterly earnings report tomorrow, August 4, 2026. The company reported stellar revenue and growth in its previous report, and analysts anticipate a similar outcome this time around.
Analysts expect AMD to report second-quarter revenue of $11.34 billion, representing a 48% increase year-over-year. Experts also predict adjusted earnings of $1.61 per share, a near threefold increase from last year’s $0.48.
Options traders anticipate a 10% swing in either direction after AMD releases its earnings report. The outlook reflects uncertainty and high expectations surrounding the upcoming announcement.
AMD recently faced a dip after increased sell-off from investors. Market participants were worried about increased AI spending, with many believing that the pattern was not sustainable.
AMD closed 1.90% lower on Friday, July 31, 2026, dropping 9.24 points. The stock has faced an additional 0.39% correction in pre-market hours, losing another 1.88 points.
Despite the lower close and high uncertainty, Wall Street analysts remain bullish on AMD’s future. An increasing number of analysts have raised their stock price target for the company.
AMD is expected to greatly benefit from the coming of agentic AI due to its dependence on CPUs rather than GPUs. The company also revealed a host of new chips that it claims can outperform Nvidia.
New chip revelations and stellar earnings could propel AMD’s stock price to a new all-time high in the coming weeks. However, risks remain as inflation is still above the Federal Reserve’s 2% target.
Higher rates may persist for longer until inflation cools off. High AI spending may also keep some investors away from the tech sector due to uncertainties.
