Chipper (AMD Earnings)
AMD will report Q3 results today after the close, followed by a 5:00 p.m. ET call.
FactSet estimates EPS growth of 31% to $0.68 and a 16% revenue increase to $6.71 billion, with AMD’s own revenue outlook between $6.4 and $7 billion.
The focus remains on AI demand, which has been robust, driving growth in AMD’s Data Center segment, up 115% year-over-year in Q2 due to GPU shipments and CPU sales. AI guidance and Data Center revenue growth are crucial for AMD to break out of recent stock stagnation, especially as rival NVIDIA hits record highs. Gaming and Embedded segments, down over 40% last quarter, will also need a stronger showing.
TECHS:
AMD's report may indicate shifts in AI market share impacting Intel, which has struggled, while NVIDIA's performance could benefit from any Data Center strength. Recent warnings of slower recovery in non-AI segments from companies like ASML and Texas Instruments further emphasize AI’s significance in AMD’s growth trajectory.
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