AMD Q3 Preview: Expert Says ‘Growth Story Remains Impressive,’ Can Earnings Send Stock Back to Highs?
Key takeaways
- AMD’s Q3 earnings will be a key test of whether its strong growth can lift the stock from a recent decline.
- Revenue Q3 2026 forecast: $13.09 billion
- Q3 2026 forecast: $1.95
EPS
Earnings per share — profit for one share of the company, in dollars.
- Q2 2026 revenue record: $11.54 billion
What happened
Advanced Micro Devices (NASDAQ: AMD) is set to report third‑quarter earnings on Tuesday after market close, with analysts forecasting revenue of $13.09 billion and earnings per share of $1.95. The company has consistently outperformed revenue and earnings estimates for 15 straight quarters, and the projected revenue would break its previous quarterly record of $11.54 billion. AMD’s stock fell 11% on Friday and is down 23.3% from its all‑time high in early October, but analysts remain upbeat…
Why it matters
The upcoming report will test whether investors are willing to reward AMD’s strong fundamentals, especially its data‑center revenue that grew 107% year‑over‑year in Q2. A beat could help the stock recover from last week’s tech sell‑off and support the company’s valuation upside targets near $529 (100‑day MA) and $548…
Short-term and longer-term
Short-term. AMD is trading near flat at $505, close to its 100‑day moving average of $529.
Longer-term. Over the next few months, AMD’s continued data‑center growth and competitive advantage in single‑digit nodes could support a higher valuation.
Words on this card
- EPS Learn
- Earnings per share, the portion of a company’s profit allocated to each outstanding share of common stock.
- YoY
- Year‑over‑year, a comparison of a metric to the same period in the previous year.
- MA
- Moving average, a statistical calculation used to smooth price data over a specified period.
- Q3
- Third quarter of the fiscal year.
- Q2
- Second quarter of the fiscal year.
- Revenue
- Sales — money the company took in before costs.