Advanced Micro Devices, Inc. (AMD) is set to release its Q2 earnings report on August 4, 2026. The company has seen incredible growth in the last few years, riding the AI wave that has taken the world by storm. Let’s discuss what investors can expect from AMD in its quarterly report.
What To Expect From AMD’s Upcoming Earnings Report?
AMD’s Q1 results were nothing short of stellar. The company reported a record revenue of $10.25 billion, a 38% jump year-over-year. The company also reported an earnings per share (EPS) of $1.37. Data center revenue also climbed to record highs of $5.8 billion, a 57% increase year-over-year. The datacenter growth was fueled by AMD’s EPYC CPUs and Instinct GPUs. The company’s gaming sector grew by $3.6 billion, up 23% year-over-year. The gaming division was driven by Ryzen processor market share gains.
AMD’s Q1 earnings report figures were significantly higher than what many analysts anticipated. Many expect a similar trend to follow in Q2. Analysts anticipate an EPS of $1.34 on a diluted basis, an increase of 396.3% from the $0.27 EPS in Q2 2025.
Wall Street analysts have become increasingly bullish on AMD’s stock price value. Bank of America recently raised its price target from $550 to $620. UBS raised their projection from $670 to $700, while Goldman Sachs increased their target from $450 to $640. The bullish outlook hinges on continued AI spending globally and AMD’s position in the CPU and GPU market.
Also Read: Wall Street Raises Amazon Stock Price Target Ahead Of Earnings
AMD’s market position is expected to further strengthen after the coming of agentic AI. Unlike generative AI that relies on GPU power, agentic AI is more focussed on CPU power. AMD has a unique position in the market as it is one of the few companies in both mainstream CPU and GPU markets. AMD could have a lot to gain in the coming years as AI takes center stage.