AMD · PEAD → 0

AMD reported Q3 2026 EPS of $1.84 on 2026-11-03 (after market close), beating the $1.68 consensus by $0.16 (+9.5%).

Print-day reaction was +3.7% versus the prior close, as the market absorbed the EPS beat on earnings day. The overnight gap to the T+1 open added a marginal +0.3%, suggesting the initial enthusiasm held but did not accelerate after hours. Over the following two trading days (T+1 through T+3), the stock drifted sharply lower at −8.1%, fully reversing the initial pop and then some. Cumulative abnormal return of −1.6% versus SPY.US lands this squarely in neutral territory — drift reversed the initial reaction without sustained direction; PEAD verdict is none, holding window closes 2027-01-29.