Advanced Micro Devices Shares Could Swing 8% to $389 or $331 Post-Earnings
Advanced Micro Devices reports earnings after Tuesday’s close, with traders pricing an 8% swing from Friday’s $360 close toward a potential high near $389 or low around $331 by week’s end. Analysts project Q1 revenue of $9.88 billion and adjusted EPS of $1.27, each up about 33% year-over-year.
1. Earnings Date and Expected Stock Swing
Advanced Micro Devices is set to release first-quarter results after market close on Tuesday, and traders have priced options to reflect an 8% potential swing by week’s end, projecting a rise from $360 to $389 or a drop to $331 based on the stock’s Friday closing price.
2. Q1 Revenue and Earnings Projections
Analysts forecast Q1 revenue of $9.88 billion and adjusted EPS of $1.27, each up about 33% year-over-year, driven by stronger AI demand and robust sales across computing and graphics segments.
3. Share Rally Driven by AI Demand and Upgrades
Shares have surged nearly 70% since the start of the year, reaching multiple record highs as AI hardware makers rally, while a D.A. Davidson upgrade boosted the price target to $375, highlighting optimism around AMD’s growth trajectory.