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AMD shares slip after beat-and-raise, data center revenue surges
Even with third-quarter guidance above consensus, AMD stock fell about 8.5% in premarket trading as investors focused on whether growth can match a premium AI valuation.
Advanced Micro Devices delivered a Q2 that cleared Wall Street expectations on both revenue and earnings and also provided third-quarter guidance above the consensus estimate, according to Yahoo Finance.
The article notes the stock response was negative, with AMD shares down about 8.5% in Wednesday premarket trading, reflecting how investor expectations have risen sharply alongside AI stock gains.
AMD also highlighted data center momentum, with data center revenue more than doubling from a year earlier, driven by demand for its EPYC server processors and Instinct AI accelerators.
Yahoo Finance said AMD management estimates the server CPU market could grow from about $26 billion in 2025 to roughly $220 billion by 2030, underscoring the scale of the opportunity AMD is targeting with its EPYC and Instinct platforms.