AMD shares close down 7% at $482.05 after Q2 beat and flat margin guide

AMD closed at $482.05 on August 5, down 7.04%, a day after reporting a Q2 beat. Traders had pushed the stock up about 8% in the sessions before the report, so the beat and the $13 billion guide were not enough. Reporting cited the flat 56% margin guide, the Helios ramp still ahead, and a Wall Street Journal report that SpaceX would shift purchases toward Nvidia.

• Close $482.05, down 7.04% on August 5, 2026
• Q2 EPS $1.66 vs about $1.55 consensus; revenue $11.54B vs about $11.28B (as reported)
• Helios shipments start in Q3 with larger revenue expected later, per management
• Pre-report run-up cited as the main reason the beat was not enough