Advanced Micro Devices Stock Could Swing 8% Post-Earnings; Revenue Forecast Up 33%
Advanced Micro Devices is set to report earnings after markets close Tuesday, with options pricing suggesting its stock could swing as much as 8%—ranging from $331 to $389—after a record high close just above $360. Analysts expect revenue to rise 33% year-over-year to $9.88 billion and adjusted EPS of $1.27.
1. Options-Implied Price Swing Ahead of Earnings
Advanced Micro Devices shares closed just above $360 ahead of its earnings release Tuesday, with options pricing indicating potential swings of up to 8% by week’s end. That range implies a high near $389 and a low around $331 based on recent implied volatilities.
2. Projected Revenue and Earnings Growth
Analysts forecast Advanced Micro Devices will report $9.88 billion in revenue and $1.27 in adjusted earnings per share, reflecting approximately 33% year-over-year growth in both metrics driven by robust AI chip demand.
3. Positive Analyst Upgrades and Price Targets
Following Intel’s strong report, D.A. Davidson upgraded Advanced Micro Devices to buy and raised its price target from $220 to $375. Overall, six of nine analysts maintain buy ratings, though their average target of $295 remains below the stock’s recent record highs.