AMD is expected to report Q2 2026 revenue of $11.32 billion and adjusted EPS of $1.61, as the stock trades near $476.15 compared to a consensus price target of $570.60.
Investors are primarily focused on Q2 2026 Data Center revenue, which analysts expect to reach approximately $6.5 billion following record-breaking AI accelerator demand and server CPU share gains.
The company recently announced a major deal with Anthropic to deploy 2 gigawatts of AI compute power using its next-generation MI450 accelerators. This partnership, alongside ongoing commitments from Meta and OpenAI, underscores AMD's successful shift from a PC-centric business to a dominant AI and data center infrastructure player.