As AMD prepares to release its latest earnings report, the anticipation is palpable. The chipmaker has been on a roll for over two years, with its AI chips in high demand. According to Yahoo Finance AlphaSpace data, AMD’s revenue growth has accelerated from 8.9% in the quarter ended June 30, 2024, to 37.8% for the quarter ended March 31, 2026.
Revenue Growth and Net Income
AMD’s impressive revenue growth is not the only area where it has excelled. The company’s net income growth has been above 100% in five of the past eight quarters. This remarkable performance has earned AMD its rockstar status among investors.
One of the key factors driving AMD’s success is its ability to meet the growing demand for AI chips. As CEO Lisa Su pointed out, ‘We’re seeing the returns on investment.’ Demand for compute is at a premium today, and AMD is well-positioned to capitalize on this trend.
Next-Generation AI Chips
AMD recently unveiled its next-generation AI chips, including the Instinct MI450 Series GPUs and the 6th Gen EPYC Venice CPUs. These new chips are designed to power AMD’s new Helios rack-scale AI systems, which combine GPUs, CPUs, networking, and software into an integrated platform for training and running large AI models.
The product announcement came alongside two new deals that sent the bulls back into AMD’s stock. Microsoft will deploy Helios across Azure AI services beginning in the second half of 2026, while AMD has committed to invest up to $5 billion in Anthropic. The two companies will work together to optimize Anthropic’s Claude AI models for AMD hardware and accelerate development of AMD’s ROCm software platform.
Wall Street Chatter
Citi analyst Atif Malik is a buyer of AMD into the earnings report on August 4. HSBC analyst Frank Lee expects AMD to meet already bullish expectations for 2Q26 results and 3Q26 guidance amidst sustained server CPU demand. However, supply capacity is the biggest risk to current estimates, and additional capacity is needed for an upside surprise.
AMD’s success in the AI chip market is a testament to the company’s ability to innovate and adapt to changing market trends. With its next-generation AI chips and strategic partnerships, AMD is well-positioned to continue its rise to rockstar status.
In a recent interview, CEO Lisa Su emphasized the importance of investing in AI technology. ‘Demand for compute is at a premium today,’ she said. ‘We are very confident in the demand picture being there.’ With its strong track record and innovative products, AMD is an attractive investment opportunity for those looking to capitalize on the growing demand for AI chips.
