AMD Q2 Earnings Preview: Microsoft Impact, Data Center Guidance On Watch, Analyst Warns Of 'Substantial Downside Risk'
Portfolio Pulse from Chris Katje
AMD is set to report its Q2 earnings, with analysts expecting revenue of $5.72 billion and EPS of 68 cents. Key factors include potential order cuts from Microsoft affecting MI300 revenue and guidance on the Data Center segment. Analysts have mixed views, with some warning of downside risks.
July 29, 2024 | 5:20 pm
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AMD is expected to report Q2 revenue of $5.72 billion and EPS of 68 cents. Key factors include potential order cuts from Microsoft affecting MI300 revenue and guidance on the Data Center segment. Analysts have mixed views, with some warning of downside risks.
The earnings report will be crucial for AMD, especially with potential order cuts from Microsoft impacting MI300 revenue. The Data Center segment's performance and guidance will also be key. Analysts have mixed views, indicating uncertainty in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Microsoft's potential order cuts for AMD's MI300 could impact AMD's revenue guidance. This could indicate demand issues affecting AMD's ramp-up, posing downside risks for AMD.
Microsoft's order cuts for AMD's MI300 could signal demand issues, impacting AMD's revenue guidance. This is important for AMD but less so for Microsoft, hence a neutral short-term impact on MSFT.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 50