Amd stock forecast11/13/2023 ![]() ![]() In the near term, the company will look to bounce back from a challenging third quarter, when it missed on both the top and bottom lines with Q3 adjusted EPS of 67 cents which was 3 cents shy of estimates, while Q3 revenue of $5.57 billion missed by $84 million, despite rising near 30% year over year. Tomorrows Movement Prediction Forecast & share price targets for tomorrow -AMD Advanced Micro Devices, Inc. Nevertheless, with the GPU (graphic processing unit) industry expected to surge close to 34% annually in the next five years, while the data center industry is expected to grow at a compound annual rate of 10.5% through 2030, AMD has multiple levers to pull.ĪMD should continue to enjoy strong growth trends within its most important segments, which will presents tons of pricing power not only when it comes to supply chains, but also with consumer demand. The strong forecast for top and bottom line figures for the quarter and full year underscores the strength that still exists in AMD’s business despite the recent setbacks within the PC market and datacenter and enterprise business segments where demand has moderated. AMD predicted improving profit margins and free cash flow as well as compound annual. For the full year, earnings are expected to rise 25.8% year over year to $3.51 per share, while full-year revenue of $23.51 billion would rise 43.1% year over year. Market research firm IDC forecasts that PC sales are on track to drop 12.8 this year, which explains why AMD is experiencing weak sales of desktop and notebook processors. The company said its total addressable market is now 300 billion, vs. This compares to the year-ago quarter when earning were 92 cents per share on $4.83 billion in revenue. However, assuming the company’s growth metrics remains intact in Q4 and upward guidance for Q1, this would present a great buying opportunity for AMD stock.įor the three months that ended December, Wall Street expects the California-based company to earn 67 cents per share on revenue of $5.5 billion. This has been the trend in recent quarters as the company attempts to navigate various headwinds related to supply chains, declining PC demand and inflationary impacts on its high-margin enterprise business. This has the potential to impact the company’s gross margins, especially when factored with rising inflationary costs. ![]()
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