AMD (AMD) Reports Q4: Everything You Need To Know Ahead Of Earnings

Anthony Lee /
2024/01/29 2:01 am EST

Computer processor maker AMD (NASDAQ:AMD) will be reporting results tomorrow afternoon. Here's what to expect.

Last quarter AMD reported revenues of $5.8 billion, up 4.2% year on year, beating analyst revenue expectations by 1.9%. It was a slower quarter for the company, with underwhelming revenue guidance for the next quarter and an increase in its inventory levels.

Is AMD buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting AMD's revenue to grow 9.6% year on year to $6.14 billion, slowing down from the 16% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.77 per share.

AMD Total Revenue

The analysts covering the company have had mixed opinions about the business heading into the earnings, with revenue estimates seeing four upward and three downward revisions over the last thirty days. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 2.1%.

Looking at AMD's peers in the semiconductors segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Intel delivered top-line growth of 9.7% year on year, beating analyst estimates by 1.5% and SMART reported revenue decline of 30% year on year, missing analyst estimates by 0.3%. Intel traded down 4.7% on the results, SMART was up 8.2%.

Read our full analysis of Intel's results here and SMART's results here.

There has been positive sentiment among investors in the semiconductors segment, with the stocks up on average 2.4% over the last month. AMD is up 28.3% during the same time, and is heading into the earnings with analyst price target of $160.1, compared to share price of $177.8.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

Join Paid Stock Investor Research

Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.

The author has no position in any of the stocks mentioned.