AMD reported what should have been stellar earnings earlier this week, replete with data center revenue growing by 107 percent year-over-year, a 246 percent beat on the consensus EPS estimate, and a 13 percent growth in adjusted gross margin. Combined with AMD's earlier disclosure of now controlling around half of the data center CPU market, the earnings announcement should have precipitated a euphoric reaction in the market. Yet, that did not happen, and there are a couple of reasons behind it. AMD's Accounts Payables metric grew by $2.36 billion in Q2 2026, while the company reported just $1.55 billion in […]
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