Advanced Micro Devices Set for 33% YoY Revenue Growth; Traders Brace for 8% Stock Swing
Advanced Micro Devices is forecast to report Q2 revenue of $9.88 billion and adjusted earnings of $1.27 per share, up about 33% year-over-year, driving traders to price in up to an 8% stock swing to $389 or $331 post-earnings. CEO Lisa Su says customers eagerly awaited MI450 GPU deployments in data centers.
1. Upcoming Q2 Earnings Forecast
Advanced Micro Devices is projected to report Q2 revenue of $9.88 billion and adjusted EPS of $1.27, reflecting year-over-year growth of approximately 33%, driven by sustained demand for computing and AI workloads.
2. Stock Volatility Predicted
Options markets imply AMD’s share price could move by up to 8% following the earnings release, targeting a potential high of $389 or a low of $331 based on recent implied volatility measures.
3. MI450 GPU Demand
CEO Lisa Su reports strong interest in the MI450 GPU, with customers eager to integrate the new accelerator into data center infrastructures to support AI inference workloads.