This May Be Your Last Chance to Buy AMD Stock for Cheap $AMD usually steps on the gas in the second half AMD should report second-quarter revenue of $3.6 billion at the midpoint of its guidance range. That would translate into a whopping year-over-year increase of 86%. The company also anticipates an adjusted gross margin of 47% for Q2, which would be a gain of three percentage points over the prior-year period's figure of 44%. Wall Street expects AMD's earnings to triple year over year to $0.54 per share in the second quarter. AMD had pointed out in its first-quarter earnings release in April that the "year-over-year increase is expected to be driven by growth in all businesses." That growth can only be expected to get stronger in the second half of the year giving it a nice shot in the arm. AMD generated $3.93 billion in revenue in the final six months of the 2020 out of its total revenue of $6.73 billion, which means 58% of the top line came in the second half.