Advanced Micro Devices, Inc (AMD) will release its quarterly earnings report tomorrow, August 4, 2026. AMD reported stellar revenue and growth in its previous report, and analysts anticipate a similar outcome this time around as well. Let’s discuss what investors can expect from the report and if AMD stock price will rise.
Will AMD Stock Price Rise Following Earnings Report?
Analyst anticipate AMD to report a second-quarter revenue of $11.34 billion. The figure represents an increase of 48% year-over-year. Experts also predict adjusted earnings of $1.61 per share, a near three times increase from last year’s $0.48. Strong results could elevate investor sentiment. Such a development may lead to a stock price rally.
Options traders anticipate a 10% swing in either direction after AMD releases its earnings report. The outlook reflects uncertainty and high expectations.
AMD recently faced a dip after increased sell off from investors. Market participants were worried about increased AI spending. Many believe that the pattern was not sustainable. AMD closed 1.90% (9.24 points) lower on Friday, July 31, 2026. The stock has faced an additional 0.39% (1.88 points) correction in the pre-market hours.
Despite the lower close and high uncertainty, Wall Street analysts are still quite bullish on AMD’s future. An increasing number of analysts have raised their stock price target for the company. AMD is also expected to greatly benefit from the coming of agentic AI due to its dependence on CPUs (Central Processing Unit) rather than GPUs (Graphics Processing Unit), as in the case of generative AI. AMD also revealed a host of new chips that the company claims can outperform Nvidia.
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New chip revelations and stellar earnings could propel AMD’s stock price to a new all-time high in the coming weeks. However, there are risks. Inflation is still above the Federal Reserve’s 2% target. We may see higher rates for longer until inflation cools off. Moreover, high AI spending may keep some investors away from the tech sector due to uncertainties.
