AMD is scheduled to release Q2 results tonight after the close with a conference call slated to begin at 5 p.m. ET.

As it stands, the current Capital IQ Consensus Estimate for AMD's Q2 earnings stands at $0.17 (vs $0.08 a year ago) on sales growth of about 21.5% to $1.86 bln.

Q2 sales guidance stands at approx. $1.75-1.95 bln on non-GAAP gross margin of approx. 44%.

TECHS

AMD garners an $81.2 bln market capitalization and trades at roughly 62.3x forward earnings estimates, a premium to peers like NVIDIA (NVDA) at 50x and Intel (INTC) at 11.5x.

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