Advanced Micro Devices Poised for ±8% Earnings Swing with 33% YoY Growth Forecast
Options markets price AMD for an 8% post-earnings swing from Friday’s $360 record close, implying a $331–$389 range by week’s end. Analysts project Q1 revenue of $9.88 billion and adjusted EPS of $1.27 (both +33% YoY) and D.A. Davidson raised its price target to $375.
1. Options Pricing Predicts Large Swing
Based on recent options pricing, traders expect AMD shares to move as much as ±8% following the upcoming earnings release, setting a potential trading range between $331 and $389 by the end of the week from Friday’s record close just above $360.
2. Analyst Forecasts and Upgrades
Wall Street analysts forecast Q1 revenue of $9.88 billion and adjusted earnings per share of $1.27, both representing 33% year-over-year growth, while D.A. Davidson upgraded the stock to Buy and raised its price target to $375 from $220.
3. Stock Performance and AI Demand
AMD shares have rallied nearly 70% since the start of the year, reaching multiple record highs as demand for AI hardware accelerates, positioning the chipmaker to capitalize on growth trends in advanced computing.