Similarly, if AMD reveals increased chip demand for the aforementioned consumer products, then perhaps households are managing high inflation and rising interest rates better than investors expected. Don't forget about the long term Despite the usefulness of AMD's upcoming earnings report on Aug. 4, it's important that investors focus on the big picture. On Aug. 4, Advanced Micro Devices (NASDAQ: AMD) will release its earnings report for the second quarter of 2022, and it could give investors the clues they're looking for.