Equity Profile

AMD

Advanced Micro Devices, Inc.

Information TechnologySemiconductors$758.6B

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 produces computer processors and graphics cards....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of a company's profitability and will help gauge AMD's financial health this quarter.

N/A

Revenue Growth

Revenue growth will provide insights into AMD's market demand and overall business performance.

N/A

1 more metrics, 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 produces computer processors and graphics cards. With a market cap of $759 billion, AMD plays a crucial role in the technology sector, particularly in areas like artificial intelligence and cloud computing, which are driving demand for high-performance computing solutions.

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, exceeding expectations by 29.49%. The stock reacted positively, rising 4.02% the following day.

Management Promises & Guidance

Continue to innovate in high-performance computing.
Focus on expanding market share in AI and cloud sectors.
Maintain strong gross margins through efficient operations.

Expectations

Wall Street Expectations

Overall expectations for AMD's upcoming earnings are mixed, with investors looking for continued strong performance amidst a competitive landscape.

Bull Case

If AMD can deliver strong EPS and revenue growth, it may reinforce its position as a leader in the semiconductor industry, driving stock prices higher.

Bear Case

Conversely, if AMD fails to meet expectations or shows signs of slowing growth, it could lead to a negative reaction from investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

EPS is a critical measure of profitability and will significantly influence investor sentiment.

How is AMD addressing competition in the AI and cloud markets?

Understanding AMD's strategy in these high-growth areas will be crucial for assessing future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating AMD's growth potential in AI and cloud computing, which could lead to stronger-than-expected results this quarter.

Supporting Evidence

AMD has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing in a significant move, suggesting that traders expect volatility and potential upside.

Recent insider selling could indicate confidence in the company's future performance despite short-term fluctuations.

Key Risk

If AMD reports an EPS below $1.00, it could undermine the positive growth narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely watched as AMD navigates a competitive landscape in the semiconductor industry.

Bull Confirmed If

An EPS of $1.50 or higher would confirm strong profitability and growth.

Bear Confirmed If

An EPS below $1.00 would raise concerns about AMD's market position and growth prospects.

Pre-Earnings Positioning

Options Market

Implied Move

±9.57%

Historical Avg

±2.8%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect 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)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$9.0M

33,109 sh

1 insider

Net

$9.0M

Net selling

Most Active Insiders· 2 open-market trades

Chief Technology Officer & EVPPapermaster Mark D
$9.0M

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 bullish sentiment.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may remain flat or see minor fluctuations.

Miss

Should AMD miss expectations, history indicates a potential decline of around 2.78%, reflecting investor disappointment.

Preparation

Congressional Activity

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

Trades

3 buys·3 sells

Members

House only

Est. Notional

$69,006.00–$210,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
3

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on AMD's market share in the AI sector.
2Any guidance on revenue expectations for the upcoming quarters.
3Details on new product launches and their expected impact on sales.
4Insights into cost management and gross margin expectations.
5Management's outlook on competition and market trends.

See the full picture

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

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Company Snapshot

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

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of a company's profitability and will help gauge AMD's financial health this quarter.

N/A

Revenue Growth

Revenue growth will provide insights into AMD's market demand and overall business performance.

N/A

1 more metrics, 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, exceeding expectations by 29.49%. The stock reacted positively, rising 4.02% the following day.

Management Promises & Guidance

Continue to innovate in high-performance computing.
Focus on expanding market share in AI and cloud sectors.
Maintain strong gross margins through efficient operations.

Expectations

Wall Street Expectations

Overall expectations for AMD's upcoming earnings are mixed, with investors looking for continued strong performance amidst a competitive landscape.

Bull Case

If AMD can deliver strong EPS and revenue growth, it may reinforce its position as a leader in the semiconductor industry, driving stock prices higher.

Bear Case

Conversely, if AMD fails to meet expectations or shows signs of slowing growth, it could lead to a negative reaction from investors.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

EPS is a critical measure of profitability and will significantly influence investor sentiment.

How is AMD addressing competition in the AI and cloud markets?

Understanding AMD's strategy in these high-growth areas will be crucial for assessing future growth potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating AMD's growth potential in AI and cloud computing, which could lead to stronger-than-expected results this quarter.

Supporting Evidence

AMD has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing in a significant move, suggesting that traders expect volatility and potential upside.

Recent insider selling could indicate confidence in the company's future performance despite short-term fluctuations.

Key Risk

If AMD reports an EPS below $1.00, it could undermine the positive growth narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will be closely watched as AMD navigates a competitive landscape in the semiconductor industry.

Bull Confirmed If

An EPS of $1.50 or higher would confirm strong profitability and growth.

Bear Confirmed If

An EPS below $1.00 would raise concerns about AMD's market position and growth prospects.

Pre-Earnings Positioning

Options Market

Implied Move

±9.57%

Historical Avg

±2.8%

Pricing rich

The options market is pricing in a significant move, indicating that traders expect 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)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$9.0M

33,109 sh

1 insider

Net

$9.0M

Net selling

Most Active Insiders· 2 open-market trades

Chief Technology Officer & EVPPapermaster Mark D
$9.0M

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 bullish sentiment.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may remain flat or see minor fluctuations.

Miss

Should AMD miss expectations, history indicates a potential decline of around 2.78%, reflecting investor disappointment.

Preparation

Congressional Activity

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

Trades

3 buys·3 sells

Members

House only

Est. Notional

$69,006.00–$210,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
3

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on AMD's market share in the AI sector.
2Any guidance on revenue expectations for the upcoming quarters.
3Details on new product launches and their expected impact on sales.
4Insights into cost management and gross margin expectations.
5Management's outlook on competition and market trends.