[AMD Q2 Data Center Revenue Doubles, AI Chip Business Accelerates to Catch Up with NVIDIA, Stock Underperforms After Hours] BlockBeats News, August 5 — AMD released its Q2 2026 financial report. According to the data, the company's data center revenue reached $6.72 billion, up 107% year-over-year and approximately 15.6% quarter-over-quarter, becoming the main driver of performance growth. AMD's total Q2 revenue was $11.54 billion, a 50% year-over-year increase and a record high, exceeding the market expectation of $11.28 billion. Adjusted earnings per share were $1.66, surpassing analysts' expectations of $1.62. Looking ahead to Q3, AMD expects revenue of approximately $13 billion, with a margin of $300 million, higher than the market expectation of $12.52 billion. The company also anticipates an adjusted gross margin of about 56%. In the AI business, AMD is accelerating its challenge to NVIDIA's leading position in the AI chip market. CEO Lisa Su stated that the second-generation Helios AI servers, equipped with MI455X accelerators and TSMC's "Venice" processors, are now in full production and are expected to begin shipping in the coming months. Reports indicate that AMD will start delivering related AI servers to Meta and OpenAI by the end of this quarter. However, after the earnings report was released, AMD's stock fell more than 9% in after-hours trading. The market believes that despite the company's strong performance and its stock doubling in value this year, investors are expecting higher growth projections for the AI business and stronger guidance. Additionally, AMD's gaming business saw Q2 revenue decline 31% year-over-year to $779 million, primarily due to decreased sales of Xbox Series X/S, PS5, and Steam Deck, as well as component supply constraints.