AMD shares tumble over 10% ahead of earnings as Intel warns of weak PC demand
Advanced Micro Devices fell 11.78% to $499.67 on Friday, extending a sell‑off triggered by Intel’s lower‑than‑expected fourth‑quarter guidance that highlighted a prolonged PC slowdown. The drop came four days before AMD’s fiscal third‑quarter 2026 results, scheduled for November 3. Intel forecast Q4 revenue of $15 billion‑$16 billion and a 20% decline in its client‑computing division, fueling sector‑wide concerns. AMD’s own data‑center revenue rose 107% year‑over‑year to $6.7 billion, underscoring a different growth profile.
Why it matters
The sharp price decline reduces AMD’s market value ahead of its earnings release, increasing volatility for traders. Investors will watch the November 3 results to see if AMD’s data‑center growth can offset broader PC‑demand weakness highlighted by Intel.
Key facts
- 1AMD stock fell 11.78% to $499.67 during Friday’s regular session. financefeeds.com
- 2Intel forecast fourth‑quarter revenue of $15 billion to $16 billion. financefeeds.com
- 3Intel expects a 20% revenue decline in its client‑computing division. finance.yahoo.com
- 4AMD’s second‑quarter data‑center revenue was $6.7 billion, up 107% year over year. financefeeds.com
- 5AMD will report its fiscal third‑quarter 2026 results on Tuesday, November 3, after market close. financefeeds.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.