AMD Stock Jumps on Earnings Update
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Wall Street estimates that AMD will report adjusted earnings per share of 49 cents in Fiscal Q2 2025. That would be a nearly 29% drop from the 69 cents reported in the same period of the year prior. Analysts also expect the company to report revenue of $7.41 billion, a likely 27.1% increase year-over-year. Investors will note that AMD has beaten Wall Street's EPS estimates in six of the last eight quarters and revenue estimates in seven of them.
Additionally, AMD announced that Executive Vice President, Chief Financial Officer, and Treasurer Jean Hu will host a presentation at Citigroup's (C) 2025 Global TMT Conference on Sept. 3.
AMD Stock Movement and Analyst Updates
AMD stock was up 1.39% on Wednesday and is up 15.78% year-to-date. However, the shares have fallen 25.08% over the past 12 months.
Today's rally also follows recent analyst updates, including:
A reiterated Hold rating and $111 price target from five-star Truist Financial analyst William Stein.
A maintained Hold rating from five-star KeyBanc analyst John Vinh.
A reiterated Hold rating and price target increase to $145 from $120 from five-star Citi analyst Christopher Danely.
Danley increased his price target for AMD stock due to tariff updates. The analyst noted that tariffs didn't have as negative an impact on the semiconductor sector as expected. As a result, he expects a market upturn driven by strong demand and inventory replenishment.
Is AMD Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts' consensus rating for AMD is Moderate Buy, based on 24 Buy and 10 Hold ratings over the past three months. With that comes an average AMD stock price target of $133.62, representing a potential 4.28% downside for the shares.
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