Will AMD beat Wall Street's $1.61 earnings estimate when it reports Tuesday, August 4?

AMD reported second-quarter 2026 results after markets closed on Tuesday, August 4, posting non-GAAP earnings of $1.66 per share, above the $1.61 Wall Street consensus estimate. Revenue reached a record $11.5 billion, up 50% year over year and ahead of analyst forecasts of roughly $11.3 billion. The beat was driven primarily by AMD's data center segment, where revenue more than doubled to $6.7 billion, up about 107% from a year earlier, fueled by accelerating demand for EPYC server processors and Instinct AI accelerators; the segment accounted for 58% of total company revenue. CEO Lisa Su cited strengthening EPYC demand, scaling Instinct deployments and the early ramp of AMD's Helios AI systems as drivers of the results, and the company guided third-quarter revenue to about $12.7 billion to $13.3 billion, above the roughly $12.5 billion analysts expected. Despite the top- and bottom-line beat, AMD shares fell more than 8% in after-hours trading, as investors focused on capital-expenditure spending that came in well above consensus and on already-elevated expectations heading into the print, amid AMD's ongoing positioning against Nvidia in AI accelerators. Predict Six's community had unanimously forecast "Yes" (100% across three votes) ahead of the report, a prediction that matched the resolved outcome.