AMD Forecasts 33% Q2 Growth to $9.88B as MI450 GPU Demand Surges
Advanced Micro Devices forecasts Q2 revenue of $9.88 billion and adjusted EPS of $1.27, each rising about 33% year-over-year. CEO Lisa Su says customers are 'anxious' to integrate the MI450 GPU into data centers, underscoring strong AI hardware demand for its latest accelerator.
1. Q2 Earnings Projections
AMD predicts Q2 revenue of $9.88 billion and adjusted EPS of $1.27, marking 33% year-over-year growth driven by accelerating AI demand across its product lines.
2. MI450 GPU Data Center Demand
CEO Lisa Su reports customers eager to deploy the MI450 GPU in cloud servers, highlighting robust uptake of its new AI accelerator in enterprise data centers.
3. Trading Outlook
Options markets imply potential post-earnings stock swings of up to 8%, suggesting a trading range roughly between $331 at the low end and $389 at the high end.
4. Analyst Sentiment
Six of nine current analysts rate AMD as a buy, with a consensus price target near $375 reflecting bullish expectations following strong sector performance.