AMD Stock Climbs Ahead of Q2 Results--Investors Braced for Big Reveal
Wall Street expects adjusted EPS of $0.49, down from $0.69 a year earlier, and revenue of $7.41 billion, a 27% increase. AMD has beaten EPS estimates in six of the past eight quarters and topped revenue forecasts in seven.
Warning! GuruFocus has detected 3 Warning Signs with AMD.
The company also noted that Executive Vice President and CFO Jean Hu will present at Citigroup's Global TMT Conference on Sept. 3, offering deeper insight into AMD's strategy and financial outlook.
AMD shares climbed about 1% Wednesday, extending a 16% year?to?date gain despite a 25% drop over the past 12 months.
Analyst updates included a Hold rating and $111 target from Truist Financial, a Hold from KeyBanc, and a maintained Hold at Citi, where the price target was raised to $145 from $120. Citi's Christopher Danely said weaker-than-feared tariffs should support a broader semiconductor upturn as inventory rebuilds.
Investors will watch the Aug. 5 call for signs AMD can sustain its growth amid shifting demand and policy pressures.
This article first appeared on GuruFocus.
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