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AMD shares drop 9% after-hours despite beating revenue estimates
Revenue rose 50% year-on-year to $11.54 billion, but guidance around $13.0 billion for the current quarter came in below some analysts' expectations.
Advanced Micro Devices beat Wall Street revenue expectations in its second-quarter results, but the stock fell nearly 9% in after-hours trading, according to LiveMint Markets and citing Reuters.
AMD reported quarterly revenue of $11.54 billion, up 50% year-on-year, and adjusted profit of $1.66 per share versus forecasts of $1.62 per share. The company said strong performance in its Data Center segment, which generated $6.7 billion in revenue and grew 107% annually, drove the results.
For the current quarter, AMD guided revenue to about $13.0 billion, plus or minus $300 million, compared with an LSEG estimate of $12.52 billion. LiveMint Markets noted that some analysts had expected guidance closer to $14 billion, helping explain the sharp after-hours decline.
The article also linked investor sentiment to recent customer signals and broader AI-chip outlook. It said pressure followed Elon Musk saying SpaceX would no longer buy AMD chips, and it added that AMD guided confidence in AI-driven demand, including expectations for Data Center sales to accelerate in the second half of 2026 and for them to double in 2027, per statements attributed to the company’s executives.