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AMD Earnings: Will Revenue Growth Continue?
2 Nov
Summary
- AMD reports earnings this Tuesday after market close.
- Analysts expect 41.8% year-on-year revenue growth this quarter.
- AMD stock has declined 19.5% in the past month.
Computer processor manufacturer AMD will release its earnings report this Tuesday, November 4th, 2026, after the market closes. Investors are looking for continued revenue growth, with expectations set at 41.8% year-on-year for this quarter. This forecast builds upon a strong prior quarter, where AMD achieved $11.54 billion in revenue, marking a significant 50.1% increase from the previous year.
The company's stock has experienced a notable decline, down 19.5% over the past month, reflecting broader market challenges impacting the processors and graphics chips segment. On average, stocks in this sector have seen an 18.8% decrease in the same period. AMD's current share price of $508.40 is below the average analyst price target of $640.21.
Recent performance from industry peers offers a mixed outlook. Penguin Solutions reported a robust 67.7% year-on-year revenue growth, while Allegro MicroSystems posted a 29.2% increase. Penguin Solutions saw a positive market reaction, with its stock rising 13.1%, whereas Allegro MicroSystems experienced a decline of 13.7%. Analysts have largely maintained their estimates for AMD, suggesting confidence in the company's trajectory heading into the earnings announcement.
