Here's What to Expect From Advanced Micro Devices' Next Earnings Report

With a massive AMD is a leading semiconductor company specializing in high-performance and adaptive processor technologies across various markets. The California-based company is expected to release its fiscal Q2 earnings results after the market closes on Tuesday, Jul. 30.

Ahead of this event, analysts project the chipmaker giant to report a XSD 8.5% increase over the same period. 

Despite beating Q1 earnings estimates on Apr. 30, AMD shares NVDA, which contributed to the decline. However, the company’s recent $665 million acquisition of Silo AI, the largest AI lab in Europe, is part of its broader strategy to compete with Nvidia.

Analysts' consensus view on Advanced Micro Devices stock is bullish, with a "Strong Buy" rating overall. Out of 35 analysts covering the stock, 28 suggest a "Strong Buy," one advises "Moderate Buy," and six recommend a "Hold." 

The above consensus has remained relatively steady over the past three months. The average analyst price target for AMD is $197.78, suggesting a modest potential upside of 30.5% from current levels.

On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.