Advanced Micro Devices Forecasts 33% Revenue Surge and 8% Post-Earnings Swing
Advanced Micro Devices is forecast to post 33% year-over-year revenue growth to $9.88 billion and adjusted EPS of $1.27, with traders expecting up to 8% share swings after the report. CEO Lisa Su says customers are eager to deploy the upcoming MI450 GPU in data centers, underscoring rising AI demand.
1. Earnings Projections and Growth Drivers
Advanced Micro Devices is expected to report revenue of $9.88 billion, a 33% increase year-over-year, and adjusted earnings of $1.27 per share, driven by accelerating sales of AI-related semiconductors and growing data center demand.
2. Market Volatility Expectations
Options pricing implies up to an 8% share-price swing after the earnings release, which could push the stock as high as $389 or as low as $331 based on a recent record close near $360 following a 70% year-to-date rally.
3. MI450 GPU Demand Signals AI Growth
CEO Lisa Su reports that major customers are anxious to deploy the MI450 GPU in data centers, highlighting strong enterprise demand for AMD’s new AI accelerators ahead of the product launch.