AMD Q4 Earnings Preview: AI Growth in Focus as Chipmaker Prepares to Report
Advanced Micro Devices stands at an inflection point as it prepares to report fourth-quarter earnings Tuesday afternoon. Wall Street anticipates $9.67 billion in revenue and $1.32 adjusted EPS—marking significant growth from last year's $7.7 billion and $1.09 respectively. The semiconductor giant's performance arrives amid heightened scrutiny of AI chip demand following mixed signals from tech titans Microsoft and Meta.
HSBC's bullish $335 price target revision reflects growing confidence in AMD's server CPU prospects, with agentic AI workloads emerging as a key catalyst. After-hours trading already shows momentum as rumors swirl about OpenAI potentially diversifying beyond Nvidia's dominant position. AMD shares have surged 114% over twelve months, outpacing Nvidia's 58% gain during the same period.
While navigating global memory shortages affecting PC manufacturers, AMD's data center business appears poised for a 29% year-over-year leap to $4.97 billion. CEO Lisa Su's recent unveiling of the MI500 GPU series—promising thousandfold AI performance gains—signals the company's ambition to capture more of the accelerating AI infrastructure market.