AMD: Earnings Due Nov 3, EPS Expected Up 60%

Advanced Micro Devices (AMD) concluded its latest trading session at $594.24, a 2.28% decrease, underperforming the S&P 500's modest 0.06% loss but surpassing the tech-heavy Nasdaq's 0.44% decline. However, over the past month, AMD's stock has surged by an impressive 17.82%, significantly outpacing the Computer and Technology sector's 4.85% gain and the S&P 500's 2.36% rise.

Investors are keenly focused on AMD's upcoming earnings report, slated for release on November 3, 2026. The consensus estimate anticipates an Earnings Per Share (EPS) of $1.92, representing a robust 60% increase compared to the same quarter last year. Revenue is expected to reach $13.07 billion, marking a 41.34% year-over-year improvement.

For the full fiscal year, projections are equally strong. The Zacks Consensus Estimates forecast earnings of $7.5 per share and revenue of $50.48 billion. These figures indicate substantial year-over-year growth of 79.86% for earnings and 45.72% for revenue.

Analyst revisions play a crucial role in short-term stock price movements, according to Zacks' research. AMD currently holds a Zacks Rank of #3 (Hold). The company's Forward P/E ratio stands at 81.07, which is considerably higher than its industry's average of 20.49. Furthermore, AMD's PEG ratio is 5.4, contrasting sharply with the Computer - Integrated Systems industry's average PEG ratio of 0.57.

The Computer - Integrated Systems industry itself is performing well, ranking 43rd out of over 250 industries and falling within the top 18%. This industry group's strength is reflected in the average Zacks Rank of its constituent stocks. Top-ranked industries historically outperform.

For continuous updates and to follow AMD's performance, Zacks.com is the recommended resource.