AMD announced it will report fiscal second quarter 2026 financial results on Tuesday, Aug. 4, 2026, after the market close. Management will conduct a conference call to discuss these results at 5:00 p.m. ET. Interested parties can access the webcast via the AMD Investor Relations website at ir.amd.com.

The company also outlined its participation in upcoming events for the financial community. AMD will attend KeyBanc’s Technology Leadership Forum on Tuesday, Aug. 11, 2026. Additionally, the company is scheduled to participate in Citi’s 2026 Global TMT Conference on Tuesday, Sept. 8, 2026, and the Goldman Sachs Communacopia + Technology Conference on Friday, Sept. 11, 2026.

Webcasts for these presentations will be available on AMD’s Investor Relations website. AMD drives innovation in high-performance and AI computing, powering experiences across cloud and AI infrastructure, embedded systems, AI PCs, and gaming.

Advanced Micro Devices, Inc. stock fell more than 7% in Tuesday's premarket session as investors pulled back from high-growth technology stocks amid a broader risk-off move. The decline follows a period of significant gains, with the stock having risen more than 325% over the past 12 months, making it vulnerable to reduced exposure in high-valuation names. Nasdaq futures were down 2.99%, while S&P 500 futures lost 1.37%, weighing on semiconductor stocks after a strong rally. Dow futures fell 0.43%, while Russell 2000 futures dropped 1.67% before the opening bell.

Technical Analysis

Despite Tuesday's decline, AMD remains in a longer-term uptrend. The stock is trading about 0.5% above its 20-day simple moving average of $506.96 and roughly 22.1% above its 50-day simple moving average of $417.35. This suggests the broader trend remains positive, although the wide gap above longer-term support could leave room for increased volatility. Momentum has weakened, with the moving average convergence divergence (MACD) indicator below its signal line and a negative histogram, indicating bullish momentum has slowed. AMD set both its recent swing high and its 52-week high in June at $562.99. Key resistance stands near $546.50, while key support is around $437.00, close to the 50-day moving average.

Earnings and Analyst Outlook

The company's next earnings report is expected on Aug. 4. Wall Street expects earnings of $1.55 per share, up from 48 cents a year earlier, on revenue of $11.28 billion, compared with $7.68 billion in the prior-year period. AMD trades at a price-to-earnings ratio of 183.9, reflecting investors' expectations for strong future growth. The stock carries a consensus Buy rating with an average analyst price forecast of $490.07. Recent analyst actions include Citigroup upgrading the stock to Buy and raising its price forecast to $575 on June 12, BofA Securities maintaining its Buy rating and increasing its price forecast to $560 on June 11, and Barclays maintaining its Overweight rating and raising its price forecast to $665 on June 1.

Benzinga Edge Rankings

AMD continues to score highly on Benzinga Edge despite the premarket weakness. The stock has a Momentum score of 98.69, a Quality score of 95.73, and a Growth score of 96.90. However, its Value score remains low at 3.08, indicating investors are paying a significant premium for future growth. The combination suggests AMD remains a strong momentum stock, but its premium valuation could lead to sharper pullbacks if market sentiment deteriorates.

ETF Exposure

AMD is a major holding in several technology-focused exchange-traded funds, including the iShares Semiconductor ETF (SOXX) with an 8.03% weighting, the ARK Next Generation Internet ETF (ARKW) with a 7.37% weighting, and the Dan Ives Wedbush AI Revolution ETF (IVES) with a 7.19% weighting. Large inflows or outflows from these ETFs can result in automatic buying or selling of AMD shares.

Price Action

Advanced Micro Devices shares were down 7.16% at $512.12 during premarket trading on Tuesday.