Advanced Micro Devices Inc expected to post earnings of $1.08 a share - Earnings Preview

• Advanced Micro Devices Inc AMD.OQ AMD.O is expected to show a rise in quarterly revenue when it reports results on February 4 for the period ending December 31 2024

• The Santa Clara California-based company is expected to report a 22.0% increase in revenue to $7.526 billion from $6.17 billion a year ago, according to the mean estimate from 33 analysts, based on LSEG data.The company's guidance on October 29 2024, for the period ended December 31, was for revenue between $7.20 billion and $7.80 billion.

• ​LSEG's mean analyst estimate for Advanced Micro Devices Inc is for earnings of $1.08 per share.

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 36 "strong buy" or "buy," 14 "hold" and 1 "sell" or "strong sell."

• The mean earnings estimate of analysts was unchanged in the last three months. ​

• Wall Street's median 12-month price target for Advanced Micro Devices Inc is $166.50​, above​ its last closing price of $118.86. ​​​

The company's guidance on October 29 2024 for the period ended December 31 was for gross profit margin of USD54%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

This summary was machine generated January 31 at 21:23 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)