Two closely watched names in the market, Advanced Micro Devices and SpaceX, delivered quarterly updates that were strong on paper but still failed to fully satisfy investors. Both stocks came under pressure in after-hours trading after the reports, giving back part of their recent gains and reflecting how high expectations can shape the reaction to even solid results.
AMD reported quarterly revenue of $11.5 billion and adjusted earnings per share of $1.66, up 50% and 246% from a year earlier, respectively. Both figures set company records and came in above consensus estimates. The main focus remained the Data Center business, which generated $6.7 billion in sales, a 107% increase year over year and nearly 60% of total quarterly revenue. AMD said it expects Data Center sales to accelerate in the second half of 2026, supporting its outlook for both revenue and earnings growth.
The market’s muted response appeared to reflect the difference between results that were merely very good and those investors may have wanted to see as exceptional, especially given the stock’s valuation. Still, the underlying business momentum remains strong, and the report emphasized that short-term price swings do not necessarily change the longer-term picture for investors focused on the company’s growth trajectory.
SpaceX, meanwhile, released its first widely awaited quarterly results as a public company. Revenue reached $7.8 billion, up 92% from the same quarter a year ago, but the company also reported a net loss of $541 million. That was an improvement from the $1.0 billion loss posted in the comparable period last year. Even so, the stock fell after the release, underscoring how polarizing the company remains in the eyes of investors.
Source: nasdaq.com
