Analysts Forecast 33% Growth and 8% Post-Earnings Swing for AMD
Advanced Micro Devices reports analysts forecasting Q2 revenue of $9.88 billion and adjusted EPS of $1.27, both up about 33% year-over-year, with options pricing implying an 8% post-earnings swing to a $331–$389 range from the record close. CEO Lisa Su says data-center customers are 'anxious' to deploy the MI450 GPU.
1. Earnings Forecast and Analyst Upgrades
Analysts forecast Q2 revenue of $9.88 billion and adjusted earnings per share of $1.27, each up roughly 33% year-over-year. D.A. Davidson has upgraded the stock to a buy rating and raised its price target to $375, while six of nine analysts currently rate the shares as buys.
2. Potential Post-Earnings Stock Swing
Options contracts suggest AMD shares could swing up to 8% in either direction by week’s end, implying a trading range between $331 and $389 from the recent record close near $360. The stock has climbed nearly 70% year-to-date, driven by surging demand for AI hardware.
3. Strong Data-Center Demand for MI450 GPU
CEO Lisa Su reports that data-center clients are "anxious" to integrate the MI450 GPU into their infrastructures, underscoring robust enterprise appetite for AMD’s latest AI-focused accelerators.