Analysts Anticipate Advanced Micro Devices To Record $3.62 Billion In Q2 Revenues

Advanced Micro Devices (NASDAQ: AMD) will be reporting their second quarter financial results on July 27 after markets close. Analysts have a consensus $106.88 12-month price target on the company, via a total of 42 analysts, with seven analysts having strong buy ratings. 19 analysts meanwhile have buy ratings, 15 have hold ratings, and one analyst has a sell rating on the company. The street high comes from Elazar Advisors with a $161.70 price target, and the lowest target sits at $74 from KGI Greater China.

29 analysts have revenue estimates for the second quarter. The mean revenue estimate between all 29 analysts is $3.62 billion; this number has been revised upwards from $2.83 billion at the start of the year. The highest revenue estimate is $3.82 billion, while the lowest is $3.5 billion.

Onto EBITDA estimates, there are currently only 7 analysts who have second-quarter EBITDA estimates. The mean is currently $884.4 million, with this number having been revised upwards from $598.54 million at the start of the year. The street high estimate currently sits at $900 million in EBITDA and the lowest is $850 million.

Analysts estimate that quarterly earnings per share will come in at $0.47, with this number being slightly revised upwards from $0.33 at the start of the year. Street high is $0.51 and the lowest estimate is $0.40 per share for the quarter.

Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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