{
  "id": 147737,
  "title": "AMD's revenue climbs 50% and data center sales doubled, but the stock is down",
  "url": "https://urgent.news/2026/08/04/amds-revenue-climbs-50-and-data-center-sales-doubled-but-the-stock-is-147737",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-04T22:09:17.000Z",
  "source": {
    "name": "CNBC Technology",
    "slug": "cnbc-technology",
    "url": "https://www.cnbc.com/2026/08/04/amd-earnings-report-q2-2026.html"
  },
  "original_language": "en",
  "account": "Advanced Micro Devices (AMD) reported a 50% increase in revenue for the second quarter, reaching $7.69 billion, surpassing analyst expectations. The strong performance was primarily driven by its Data Center unit, which saw an impressive 107% year-over-year sales growth, amounting to $6.7 billion. This surge in data center sales is attributed to AMD's central processing unit (CPU) and graphics processing unit (GPU) offerings. AMD's stock experienced a slump in extended trading following a rise during regular trading hours, despite the overall positive earnings report.\n\nAMD's CEO, Lisa Su, expressed optimism about the company's future, projecting a doubling of data center sales by 2027 and an 80% annual increase in server revenue during the second half of fiscal 2026. The company anticipates revenue of $13 billion for the current quarter, slightly higher than the LSEG estimate of $12.52 billion. AMD's COO, Adrian Bruno, revealed that the company is investing heavily in capital expenditures, with spending reaching $808 million in the current period, a significant jump from $282 million in the previous year and $389 million in the March quarter. Despite this, AMD's client and gaming segment, which includes chips for consumer devices like laptops and consoles, only grew by 6% year-over-year to $3.8 billion.\n\nAMD's embedded segment, focusing on industrial chips, experienced a 19% year-over-year growth, reaching $977 million. The company recently raised its expectations for the semiconductor industry, projecting a $2 trillion global market by 2028, with $1.4 trillion coming from AI accelerators, or GPUs. AMD is set to begin shipping Helios, its first rack AI system, which competes directly with Nvidia's complete AI systems. The company expects Helios shipments to increase in the fourth quarter.",
  "summary": "AMD's data center unit is driving the company's growth, up 107% over last year.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CNBC World",
        "title": "AMD's revenue climbs 50% and data center sales doubled, but the stock is down",
        "url": "https://urgent.news/2026/08/04/amds-revenue-climbs-50-and-data-center-sales-doubled-but-the-stock-is-147719",
        "published": "2026-08-04T22:09:17.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}