Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTKara GreenbergTue, August 4, 2026 at 8:40 PM GMT+2 2 min readShares of AMD were up about 140% for 2026 through Tuesday's closeCredit: Costfoto / NurPhoto / Getty ImagesKey TakeawaysAdvanced Micro Devices shares slid in extended trading Tuesday, despite quarterly results that topped analysts' estimates.AMD's revenue outlook also topped Street projections, though its gross margin forecast was roughly in line. Investors may have been looking for more.Advanced Micro Devices investors might be getting harder to impress.Shares of AMD (AMD) were down nearly 8% in extended trading Tuesday, despite quarterly results that topped Wall Street's estimates. The stock had climbed 7% in Thursday's regular session ahead of the release, against a backdrop of broader market gains amid growing optimism about a peace deal between the U.S. and Iran. AMD posted adjusted earnings per share of $1.66 on revenue that jumped 50% year-over-year to a record $11.54 billion in the second quarter, above estimates compiled by Visible Alpha, as data center sales more than doubled. Its gross margin came in at 54%, up from 40% a year earlier.CEO Lisa Su told investors in a release that AI is "driving a significant expansion in demand for compute across all of our markets, and our leadership portfolio and growing customer visibility position us exceptionally well to capture this expanding opportunity and deliver substantial revenue and earnings growth in the years ahead."AMD said it expects current-quarter revenue of $12.7 billion to $13.3 billion, also above analysts' estimates, though its gross margin forecast was roughly in line at 56%. Investors may have been looking for more.Ahead of the results, Wall Street analysts were broadly bullish on AMD, with seven of the nine analysts followed by Visible Alpha calling the stock a "buy," compared to two neutral ratings.The shares were up about 140% for 2026 through Tuesday's close, though they've pulled back from their June highs in recent weeks.Read the original article on InvestopediaTerms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info