Advanced Micro Devices Inc. (AMD) earnings date & stock reaction
AMD · Advanced Micro Devices Inc. · Semiconductors
Advanced Micro Devices Inc. earnings date & time
Schedule
- Korea time (KST)
- Wed, November 4
- Reporting pattern
- 12 of last 12 after close
- Typical move
- ±8.0% · 12-report avg
What the market expects
Consensus EPS
$1.93Coming in above this counts as a beat
- Year-ago quarter
- $1.20→+60.8%
- Guided revenue
- $11.5B→$13.0B+12.7%
“Data center revenue more than doubled year-over-year and now represents 58% of total revenue, up from 42% a year ago.”
“We expect third quarter non-GAAP gross margin to be approximately 56%.”
- ▲Explosive growth in Data Center
- Data Center segment revenue reached $6.7 billion, up 107% vs last year.
- Data Center revenue mix expanded to 58% of total revenue from 42% a year ago.
- ▲Improved profitability and operating income
- Non-GAAP operating income was $3.1 billion, up 245% vs last year.
- Non-GAAP operating margin improved to 27% from 12% in the same period last year.
- ▲Strong forward-looking guidance
- Q3 revenue guidance is approximately $13 billion, representing 41% growth vs last year.
- Data Center segment revenue is expected to more than double in 2027 vs last year.
- ▼Continued decline in Gaming segment
- Gaming revenue was $779 million, down 31% vs last year.
- The segment continues to shrink due to the console cycle and weak graphics card demand.
- ▼Rapid increase in inventory levels
- Inventory increased sequentially to approximately $8.5 billion to support data center demand.
- Rising inventory levels relative to sales growth present potential management risks.
- ▼Worsening market conditions for Client segment
- The company expects a softer PC market in the second half due to higher memory and component costs.
- Rising costs could negatively impact the profitability of the Client business.
Advanced Micro Devices Inc. (AMD) rose the day after earnings in 5 of its last 12 reports (42%), moving ±8.0% on average. It has fallen despite beating the consensus estimate 3 times.
Even when EPS beat expectations, the stock fell 5 of the last 10 times. The number alone doesn't move it.
When results drop, skip the EPS number. Check if the growth above holds or accelerates, and whether guidance beats expectations.
The real bar for this stock
Beating estimates isn't enough. Here's where the real surprise started.
The company's own next-quarter revenue guidance (from its 8-K release) vs what it actually reported: delivered 11 of 11 times, averaging +3.5% above the guide.
- Jun 2026 qtrguided $11.20Bactual $11.54Bhit
- Mar 2026 qtrguided $9.80Bactual $10.25Bhit
- Dec 2025 qtrguided $9.60Bactual $10.27Bhit
- Sep 2025 qtrguided $8.70Bactual $9.25Bhit
- Jun 2025 qtrguided $7.40Bactual $7.68Bhit
- Mar 2025 qtrguided $7.10Bactual $7.44Bhit
- Dec 2024 qtrguided $7.50Bactual $7.66Bhit
- Sep 2024 qtrguided $6.70Bactual $6.82Bhit
How this stock reacts to earnings
Traits seen across its recent earnings reactions
Earnings number vs guidance: which drives it?
How often the beat/miss matched the actual price move
3/8 beats fell next day · watches Data-center revenue · guidance
- Jun 2026 report-7.0%
- Mar 2026 report+18.6%
- Dec 2025 report-17.3%
- Sep 2025 report+2.5%
- Jun 2025 report-6.4%
- Mar 2025 report+1.8%
Earnings timeline · bars = next-day move, ▲▼ = beat/miss
Earnings trend · last 12 quarters
Earnings history and price reaction
| Quarter ended | Reported (ET) | vs market expectation (consensus) | Earnings day | After 5 days |
|---|---|---|---|---|
| 6/2026 | 2026-08-04 | +3.2% | -7.0% | -8.5% |
| 3/2026 | 2026-05-05 | +5.8% | +18.6% | +26.2% |
| 12/2025 | 2026-02-03 | +16.0% | -17.3% | -11.8% |
| 9/2025 | 2025-11-04 | +2.5% | +2.5% | -5.0% |
| 6/2025 | 2025-08-05 | -0.6% | -6.4% | +0.4% |
| 3/2025 | 2025-05-06 | +2.8% | +1.8% | +14.0% |
12 reports, quarters ending 9/2023 to 6/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.
Frequently asked questions
When is the next Advanced Micro Devices Inc. earnings date?
The next Advanced Micro Devices Inc. (AMD) earnings report is expected Tue, November 3 around 4:00 PM ET, after the close. It comes from an earnings calendar and may not be a company-confirmed date; it updates automatically if it changes.
What is the consensus EPS forecast for Advanced Micro Devices Inc.'s next earnings?
Analysts expect EPS of about $1.93 for Advanced Micro Devices Inc. (AMD). Coming in above that counts as a beat, below it a miss — though a beat does not guarantee the stock rises.
Does Advanced Micro Devices Inc. (AMD) stock usually go up after earnings?
Over the last 12 earnings reports, the stock rose on 5 of them (42%). The average move on earnings day was ±8.0%.
Does Advanced Micro Devices Inc. react more to the earnings numbers or to guidance?
In 3 of the last 8 reports (38%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.
Can Advanced Micro Devices Inc. stock fall even when earnings are good?
Yes. In 6 of the last 12 reports, Advanced Micro Devices Inc. fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.
Does Advanced Micro Devices Inc. stock keep moving after the earnings day?
Over the last 12 reports, the move continued in the same direction for the following five trading days 50% of the time. This tendency is known as post-earnings announcement drift.