Options Imply 8% Post-Earnings Swing to $331–$389 After AMD’s 70% YTD Rally
Options imply AMD stock could swing 8% post-quarter to a $331–$389 range from Friday’s close above $360 after a 70% YTD gain. Analysts forecast Q1 revenue of $9.88B and adjusted EPS of $1.27, each up 33% YoY, and six of nine analysts rate it a buy.
1. Earnings Expectations and Implied Volatility
Options pricing suggests AMD shares could move as much as 8% in either direction following its Q1 report, with traders eyeing a range between $331 and $389 from Friday’s close just above $360. This forecast follows a rally that has sent shares to a series of record highs this year.
2. Analyst Forecasts and Ratings
Visible estimates project Q1 revenue of $9.88 billion and adjusted EPS of $1.27, each representing 33% year-over-year growth. Six of nine analysts currently rate AMD a buy, and D.A. Davidson recently raised its price target to $375 from $220, citing upside potential.
3. YTD Performance and AI Demand
AMD shares have climbed nearly 70% since January, driven by surging demand for AI hardware. Strong results from peers and accelerating AI workloads have fueled optimism ahead of the chipmaker’s upcoming earnings release.