Advanced Micro Devices (AMD) is scheduled to announce its second-quarter 2026 results on Tuesday, August 4. Based on options pricing, traders expect a 12.28% move in either direction in AMD stock following its Q2 2026 earnings. That is slightly above the stock’s average post-earnings move of 11% over the past four quarters.
Notably, AMD stock has gained 115% year-to-date despite the recent pullback in chip stocks.
Here’s What Analysts Expect from AMD
Wall Street expects AMD to report Q2 revenue of $11.30 billion, up 47.1% from $7.68 billion a year earlier. Earnings are also expected to improve sharply, with earnings per share projected at $1.61, compared with $0.48 in the same quarter last year.
Analysts remain optimistic about AMD’s outlook, driven by strong demand for its AI server CPUs and GPUs. Recently, Wedbush analyst Matt Bryson raised his price target on AMD to $600 from $450 and maintained an Outperform rating. He said the company’s AI data center business is likely to grow faster than previously expected through 2027.
Bryson raised its second-quarter EPS estimate to $1.64 from $1.61. He increased its revenue forecast to $11.4 billion from $11.3 billion. For full-year 2026, the analyst lifted EPS estimate to $7.22 from $6.95 and raised his revenue forecast to $49.2 billion from $47.2 billion.
Likewise, Mizuho analyst Vijay Rakesh reiterated a Buy rating on AMD stock and increased his price target to $625 from $615, citing upside from “Helios and Venice launches.”
Is AMD Stock a Buy or Sell Now?
Given solid demand tailwinds, Wall Street has a Strong Buy consensus rating on Advanced Micro Devices stock, with 28 Buys versus eight Holds. The average AMD stock price target of $570.69 implies 22.9% upside potential.
