--- title: "AMD Q2 Earnings Preview: Can Lisa Su's AI Strategy Prove the Structural Shift Is Real?" type: "News" locale: "en" url: "https://longbridge.com/en/news/294671257.md" description: "AMD reports Q2 earnings Tuesday, with investors scrutinizing CEO Lisa Su's 'structural shift' toward sustainable AI growth. Hyperscaler spending remains strong, supporting AMD's broader infrastructure strategy. Wall Street expects $11.28B revenue and $1.55 EPS, driven by record data center performance." datetime: "2026-08-04T07:04:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294671257.md) - [en](https://longbridge.com/en/news/294671257.md) - [zh-HK](https://longbridge.com/zh-HK/news/294671257.md) generator: "portal-rs" --- # AMD Q2 Earnings Preview: Can Lisa Su's AI Strategy Prove the Structural Shift Is Real? **Advanced Micro Devices Inc.** (NASDAQ:AMD) reports second-quarter earnings on Tuesday, with investors looking for evidence that CEO **Lisa Su**‘s claim of a “structural shift” in the company’s business is beginning to translate into sustainable growth. ## **Hyperscaler AI Spending Will Be Front and Center** AMD entered the second quarter with a growing AI pipeline, anchored by **Meta Platforms Inc.**‘s (NASDAQ:META) 6-gigawatt deployment commitment, customer forecasts through 2027 running ahead of plan, and increasing deployments of its next-generation AI platforms. The first-quarter update also marked a shift in how AMD described its business. Rather than focusing on individual GPU wins, Su outlined a broader AI infrastructure strategy spanning Instinct accelerators, EPYC CPUs and rack-scale systems designed for hyperscale customers. Since then, AMD has continued expanding its AI footprint, announcing a long-term infrastructure agreement with **Core Scientific Inc.** (NASDAQ:CORZ) to support large-scale AI deployments. **Read Also:**Senate Unveils Bipartisan Stopgap Bill to Avoid Government Shutdown Before Midterm Elections ## **Big Tech’s AI Spending Has Only Intensified** The AI spending backdrop has only strengthened since AMD last reported. **Microsoft Corp.** (NASDAQ:MSFT), **Amazon.com, Inc.** (NASDAQ:AMZN), and **Google** parent **Alphabet** **Inc.** (NASDAQ:GOOG) (NASDAQ:GOOGL) continue to invest heavily in AI infrastructure, while cloud demand and AI-related workloads boost growth across the semiconductor supply chain. That backdrop supports AMD’s push to become a broader AI infrastructure supplier, with hyperscalers investing not only in accelerators but also in the servers, CPUs and networking needed to power next-generation AI workloads. AMD also heads into earnings as results continue to reinforce the AI investment cycle, with S&P 500 companies beating earnings estimates by an average of 27% this quarter. ## **Wall Street Expects Another Strong Quarter** Wall Street expects AMD to report second-quarter revenue of $11.28 billion and adjusted earnings of $1.55 per share, according to Benzinga Pro. Investors are also expected to closely watch the data center business, which has become AMD’s primary growth engine. The segment generated a record $5.8 billion in revenue in the first quarter, up 57% year over year. A Polymarket contract assigns a 95% probability that AMD’s second-quarter data center revenue will exceed $6 billion, with traders also pricing in a 91% chance it tops $6.5 billion. **Benzinga edge rankings** indicate AMD has a Momentum score in the 98th percentile and a Growth score in the 97th percentile. **Read Also:**Ross Gerber Invokes the Tortoise and the Hare to Explain Difference Between Investing and Betting Amid AI Fund Collapse: 'It Is About Understanding Risk' ***Disclaimer*****:** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors*. *Photo Courtesy: jamesonwu1972 On Shutterstock.com* ### Related Stocks - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [AMDD.US](https://longbridge.com/en/quote/AMDD.US.md) - [AMDL.US](https://longbridge.com/en/quote/AMDL.US.md) - [AMUU.US](https://longbridge.com/en/quote/AMUU.US.md) - [AMDG.US](https://longbridge.com/en/quote/AMDG.US.md) - [DAMD.US](https://longbridge.com/en/quote/DAMD.US.md) - [AMDY.US](https://longbridge.com/en/quote/AMDY.US.md) - [AMDW.US](https://longbridge.com/en/quote/AMDW.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [CORZ.US](https://longbridge.com/en/quote/CORZ.US.md) - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [CORZZ.US](https://longbridge.com/en/quote/CORZZ.US.md) - [CORZW.US](https://longbridge.com/en/quote/CORZW.US.md) ## Related News & Research - [AMD or Nvidia: Load Up on One AI Chip Stock, but Avoid the Other, Says Investor](https://longbridge.com/en/news/296792383.md) - [Top AMD Executive Makes High-Profile Stock Move That’s Turning Heads](https://longbridge.com/en/news/296294215.md) - [Waymo Unveils First Custom Robotaxi Chip With More Than 1,000 TOPS of AI Processing Power](https://longbridge.com/en/news/296609113.md) - [Glynn Capital Management LLC Boosts Stock Holdings in Advanced Micro Devices, Inc. $AMD](https://longbridge.com/en/news/296072301.md) - [Google Is Reportedly Working with AMD for Its New TPU. What This Means for AMD Stock.](https://longbridge.com/en/news/296528134.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**