AMD Beats Earnings Again — Shares Fall Again, Extending a Four-Quarter Pattern

AMD's Q2 2026 revenue jumped 50% to $11.54 billion, beating estimates, with data-center sales doubling year over year. Shares fell roughly 8% in premarket trading on August 5, set to erase about $61.1 billion in market value. This marks four straight quarters of earnings beats followed by post-earnings declines — strong results that fall short of elevated AI-driven expectations.