- AMD results will be released today, after the Wall Street session
- Expectations point to $5.01 billion in revenue ($3.45 billion a year earlier)
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Open account Try demo Download mobile app Download mobile app- Earnings per share are expected to be $0.91 (EPS a year-earlier was at $0.52)
- Further record results from the company are expected in terms of sales of semiconductors, which are used in computers, servers, cell phones or consoles
- The company has enjoyed double-digit sales growth for the past two years
- The company achieves the level of profitability presented by its main rival Intel (INTC.US)
- Despite very good results and expectations the company's shares lost 40% this year
- The Philadelphia Semiconductor Index is down 25% this year, after 3 years of growth of at least 40% annually. The index capitalization has declined by $750 billion this year
- Analysts' consensus price target is $145 for the company, which offers a potential 70% upside move from current levels
The price of AMD tested lows from July 2021. On the other hand, AMD is still in an upward trend compared to Intel that has been trading in wide range for about 4 years. Source: xStation5
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