Semiconductors
AMD Q4 Earnings Preview: The Bottom May Be Near
AMD reports after the bell tomorrow. Analysts expect revenue to grow 22% YoY to $7.53 billion and adjusted EPS to grow 41.1% YoY to $1.09. The company’s data center and client segments have performed well in Q3, with the Data Center segment growing 122% and the Client segment growing by YoY. The gaming segment and embedded segments have been headwinds, yet in the recent Barclays Conference, management said that “they (headwinds) are behind us when we look ahead of 2025.” Management’s AI revenue guide for 2024 is to exceed $5 billion, a $500 million increase announced during Q3 results. Investors will be looking for the 2025 AI revenue guide and commentary in the earnings call. The current consensus estimates for 2025 is about $9.5 billion in AI revenue.
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