AMD ($AMD) fell 7.522% on the 2nd; Q3 earnings to be released on the 3rd

AMD shares fell 7.522% on November 2 (local time), marking a second consecutive day of declines ahead of its fiscal Q3 2026 earnings report, scheduled for after the U.S. market close on November 3. Per ChartExchange data, the stock had already dropped 10.879% on October 30, and the November 2 close stood 29.1% below the intraday high hit on October 6. The article notes the recent price action alone cannot be attributed to earnings concerns or any specific semiconductor company announcement. Guidance on the table: AMD's August 4 Q2 report projected Q3 revenue of about $13 billion (roughly 17.47 trillion won at the November 2 exchange rate), with a ±$300 million margin (about 403.2 billion won), and a non-GAAP gross margin of approximately 56%. Investors will watch whether results land within that guidance when the report is released.