AMD Shares Drop 12% Following Earnings Miss and Revenue Guidance Cut

Advanced Micro Devices (AMD) shares closed 12% lower on February 4, 2026, after the chipmaker reported earnings that missed analyst expectations and cut full-year revenue guidance. The company posted EPS of $0.35 vs. a mean estimate of $0.42, and revised revenue guidance down to $55.5B from $57.5B. CEO Lisa Su said in a statement the semiconductor market remains volatile and the company is focusing on cost optimization and new product launches to improve margins in the coming quarter.