AMD Sees Q2 Revenue $5.4B-$6B vs $5.7B Est.
Portfolio Pulse from Benzinga Newsdesk
AMD projects its Q2 revenue to be between $5.4 billion and $6 billion, compared to the estimated $5.7 billion.

April 30, 2024 | 8:16 pm
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AMD's Q2 revenue projection ranges from $5.4 billion to $6 billion, against an expectation of $5.7 billion.
AMD's revenue projection for Q2 suggests a potential to meet or slightly surpass market expectations. This forecast could positively influence investor sentiment and stock price, as it indicates AMD's business might be performing at or above analyst expectations. The range provided offers a buffer that encompasses the analyst estimate, which could mitigate negative reactions if the actual revenue falls slightly short of the exact estimate.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100