AMD Q1 Earnings Preview: Analysts Bullish, But Warn Of Factors That 'Can Derail The Semiconductor Industry'
Portfolio Pulse from Chris Katje
Advanced Micro Devices (NASDAQ:AMD) is set to report Q1 financial results with analysts expecting revenue of $5.46 billion and earnings of 61 cents per share. AMD has a history of beating revenue and earnings estimates. Analysts remain bullish, with Rosenblatt setting a $250 price target and highlighting AMD's potential in AI and CPUs. However, risks include market share declines and global economic slowdowns. Other analysts have adjusted their price targets, reflecting a mix of optimism and caution ahead of the earnings report.
April 29, 2024 | 5:25 pm
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AMD is anticipated to report strong Q1 earnings with expected revenue of $5.46 billion and EPS of 61 cents. Analysts remain optimistic, with significant price target adjustments and a focus on AMD's AI and CPU market performance.
AMD's consistent history of beating revenue and earnings estimates, combined with bullish analyst ratings and adjustments in price targets, suggests a positive short-term impact on its stock price. The emphasis on AMD's advancements in AI and CPUs by analysts, especially with the upcoming MI300 and EPYC gains, reinforces the potential for growth. However, noted risks such as market share declines and global economic uncertainties could temper the optimism, making the overall outlook cautiously positive.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100