AMD Posts 50% Revenue Growth, Secures AI Accelerator Commitments, Raises Q3 View
AMD reported Q2 FY26 revenue of $11.54B, up 50% year over year, driven by a doubling of its Data Center segment on strong AI compute demand. The company secured multi-gigawatt AI accelerator commitments from Anthropic and Meta and raised Q3 revenue guidance to $13B. Despite concerns about gaming declines and high capital expenditures, insiders sold about $40M in stock during a 17% share pullback.