Advanced Micro Devices (AMD) is set to report Q2 2026 earnings after markets close on Tuesday. As such, investors are closely watching the company’s stock movement in the lead-up to that earnings report. This also has traders wondering if AMD stock will rise or fall after the earnings report is released. Investors can make an educated guess about AMD’s stock performance post-earnings with the help of TipRanks’ tools. However, AMD might be hard to predict, based on its history of rises and falls after earnings reports come out.
Summer Sale - Claim 70% Off TipRanks
- Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions
- Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks
Here’s a quick look at AMD stock’s price movement after the company’s four most recent earnings reports.
Looking at that chart, AMD has experienced an equal number of rallies and retreats after its most recent earnings reports. This suggests that today’s earnings release will be a major catalyst for the company’s shares. However, it will be hard to determine if this will result in gains or losses for AMD shareholders.
How AMD Stock Moved Ahead of Earnings
Investors appeared confident in AMD ahead of the company’s earnings report. Shares of AMD stock gained 7.33% today, extending a 142.93% year-to-date rally. The stock has also climbed 178.03% over the past 12 months.
AMD stock trading activity today saw some 14.96 million shares change hands, which is still below the company’s three-month average daily trading volume of about 27.93 million shares.
What to Expect from AMD in Q2
Wall Street’s estimates for AMD’s Q2 2026 earnings report include adjusted earnings per share of $1.62 alongside revenue of $11.31 billion. For the record, AMD has beaten Wall Street’s adjusted EPS estimates in seven of the past eight quarters. Its revenue has come in above estimates in all eight of the most recent quarters.
Is AMD Stock a Buy Ahead of Earnings?
Turning to Wall Street, the analysts’ consensus rating for AMD is Strong Buy, based on 28 Buy and six Hold ratings over the past three months. With that comes an average AMD stock price target of $589.72, representing a potential 13.02% upside for the shares.
