Key Points

Advanced Micro Devices plans to release second quarter earnings on August 4.
The share price has risen more than 150 percent year to date, pushing it past 500 dollars.
Micron and Sandisk trade at levels roughly double and triple AMD's price, yet neither has pursued a split this year, indicating that elevated share prices alone do not force tech firms to act.
10 stocks we like better than Advanced Micro Devices

On August 4, Advanced Micro Devices (NASDAQ: AMD) will release its second quarter earnings. Management has projected revenue between 10.9 billion and 11.5 billion dollars.

The report arrives while artificial intelligence stocks face selling pressure, though signs of recovery are appearing. Solid results from AMD could lift its own shares and support a broader sector rebound.

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AMD already trades well above 500 dollars per share. If the price continues climbing, investors may ask whether a split lies ahead.

Image source: The Motley Fool.

The unlikelihood of an AMD stock split in 2026

AMD last split its shares in 2000 with a two for one action, offering limited precedent for current decisions. Available details point to a low chance of a split soon, even after potentially strong earnings on August 4.

Stock splits bring legal costs and extra shareholder communications that companies often prefer to skip when possible.

Meanwhile, technology firms with higher prices than AMD, such as Sandisk near 1,600 dollars and Micron Technologies near 960 dollars, have not split shares this year. Though the sample is limited, it suggests chip companies feel no immediate pressure despite lofty valuations.

Focusing on the upcoming quarterly results

Investors cannot dictate split timing, so attention should center on long term demand, operational efficiency, and revenue trends. AMD's August 4 updates will clarify hyperscaler demand strength, gross margin health, and the pace of future revenue growth.

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Jack Delaney holds no positions in the mentioned stocks. The Motley Fool maintains positions in and recommends Advanced Micro Devices and Micron Technology. The Motley Fool maintains a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.