AMD · Advanced Micro Devices Inc
Price & Indicators
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Metrics snapshot
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AI Brief
Q2 FY26 earnings call · Aug 4, 2026TL;DR. AMD reported record Q2 2026 revenue of $11.5B, up 50% YoY, with Data Center revenue more than doubling and guiding Q3 revenue to ~$13B; the company also raised its long-term outlook, now expecting revenue to grow substantially above its prior 35% target and to significantly exceed its $20 annual EPS target, with server CPU revenue guided to grow over 80% in H2 2026 and over 70% in 2027.
- + Record Q2 revenue of $11.5B, up 50% YoY, with Data Center revenue more than doubling
- + Raised long-term targets: revenue now expected to grow substantially above prior 35% target and to significantly exceed $20 annual EPS target
- + Server CPU revenue guided to grow more than 80% YoY in H2 2026 and more than 70% in 2027 off a higher base
- + Data Center segment expected to more than double YoY in 2027 driven by Helios ramp and strategic AI partnerships
- − Gaming revenue declined 31% YoY to $779M and Q3 is guided for a significant double-digit decline
- − Client & Gaming segment operating margin compressed from 21% to 15% YoY
- − Gaming graphics revenue declined YoY as higher component costs raised card prices and weighed on demand
- − Soft PC market expected in H2 2026 with risks from higher memory and component costs
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Research
our published analysis of this company-
Research ThesisSuper Micro Computer's 15–17% margin guide against a 10.1% recent print makes the bear trade the heavier one
The $60B FQ4 backlog is the cleanest demand signal in AI servers, but the lifted 15–17% gross-margin guide against a 10.1% Q3 FY2026 print, an active export-control board review, and 16.2% short interest leave the bear case as the heavier of the two trades heading into the August 11 print.
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Research ThesisIntel: The $465.7B market cap attached to a $57.0B money-losing business has one quarter to prove the Q2 2026 reset
Intel's 326.7% rally has priced in a turnaround the Q2 2026 print only just began to earn, with $57.0B of TTM revenue against -$77.0M of TTM EBIT. The Q3 2026 guide of $15.8B–$16.8B revenue and $0.31 GAAP EPS is the first datapoint that will decide whether the 41.8% non-GAAP gross margin holds and a dividend reinstatement becomes credible, or whether the -28.9% drawdown from $140.94 deepens.
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Research ThesisAMD at 171.1× earnings is the cycle's most multiple-expanding bet, and Q2 2026 is the bar
Advanced Micro Devices trades at 171.1× on +34.3% revenue growth against Nvidia at 31.7× on +125.9% and Broadcom at 63.6× on +143% AI semiconductor growth, with the $11.2B Q2 2026 guide and initial Helios volume in Q3 now the only thing standing between the multiple holding and a re-rating toward Broadcom's 63.6×.
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Semiconductors — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
AMD
this stock
Advanced Micro Devices Inc
|
$845.74B | +141.0% | +34.3% | 133.2 | 2.6% |
|
NVDA
Nvidia Corp
|
$5.26T | +17.0% | +65.5% | 27.6 | 1.2% |
|
TSM
Taiwan Semiconductor Manufacturing Co Ltd
|
$2.25T | +42.6% | — | — | 0.6% |
|
AVGO
Broadcom Inc.
|
$1.74T | +4.6% | +18.2% | 46.4 | 1.1% |
|
SKHY
SK hynix Inc.
|
$1.36T | — | — | — | 0.4% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| AMD | +13.2% | +6.9% | +156.4% | +9.7% | +141.0% |
| SPY | -1.2% | -1.8% | +17.8% | -0.4% | +12.1% |
| vs SPY | +14.3% | +8.6% | +138.5% | +10.0% | +128.9% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.