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post-earnings performance
Will AMD repeat its post-earnings rally or retreat?
With AMD’s second quarter 2025 earnings due soon, its history of sharp price moves post-report is front of mind. This article analyses AMD’s past earnings reactions across one-day, one-week and one-month periods.
Will AMD’s earnings compute?
Advanced Micro Devices (AMD) is set to report its second quarter (Q2) 2025 earnings on Wednesday, 6 August 2025 at 6.15am (AEST) after the United States (US) market closes
AMD is is a global leader in high-performance computing and graphics technologies. It competes closely with industry peers such as Intel and Nvidia, designing advanced processors and chips that power data centres, gaming platforms, and artificial intelligence (AI) applications.
Well known for post-earnings volatility, AMD often sees sharp single-day share price movements as well as multi-week trends. Analysing historical price reactions to previous quarterly earnings provides insights into how investors might respond to upcoming results..
Key financials
Expectations for Q2
- Revenue: $7.41 billion. reflecting
- Revenue growth: 27% year-on-year (YoY)
- Earnings per share (EPS): $0.48, down 30% YoY
Comparison to previous quarter
- Revenue: $7.44 billion
- Net income: $709 million
- EPS: $0.96
Post-earnings performance analysis
Immediate reactions (one day)
AMD has experienced a wide range of immediate reactions - rallies in some quarters, declines in others - depending on the strength of its headline figures and outlook.
Notable gains followed earnings in the third quarter (Q3) of 2022 and Q3 2023, likely driven by strong demand for data centre and gaming chips. By contrast, share prices declined immediately after Q2 2022 and Q3 2024 results, which may reflect weaker-than-expected margins or guidance.
On average, AMD’s one-day return after earnings is –0.35%, highlighting a tendency for cautious or mixed reactions.
Short-term adjustments (one week)
Over the first week post-earnings, investors typically dig deeper into financial results and company guidance. In strong quarters, such as Q3 2022 and Q3 2023, AMD shares extended their initial gains. However, in Q2 2023 and the fourth quarter (Q4) of 2024, AMD continued to slide, pointing to concerns around profitability and slowing momentum.
The average one-week return is 1.66%, indicating a modestly positive trend after initial market digestion.
Medium-term trends (one month)
One-month returns are stronger. AMD gained nearly 40% in the first quarter (Q1) of 2023, highlighting renewed confidence in growth prospects. Still, steep declines in Q3 and Q4 2024 underline risks around demand and competition.
On average, AMD shares rose 6.02% one month after earnings.
Overall patterns
AMD’s immediate price reactions to earnings are mixed. However, one-week and one-month trends skew more positively, reinforcing its profile as a growth-sensitive technology stock prone to earnings-driven volatility.
Implications for investors
Short-term traders face sharp moves and potential reversals. Long-term investors may benefit more from one-month trends, which reflect a broader assessment of fundamentals.
AMD’s historical performance suggests that staying focused on core drivers like AI and data centre demand may offer a clearer investment signal.
AMD post-earnings performance chart
Keep up with the latest earnings
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