Earnings To Watch: AMD (AMD) Reports Q4 Results Tomorrow

Radek Strnad /
2023/01/30 4:37 am EST

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

Last quarter AMD reported revenues of $5.56 billion, up 29% year on year, missing analyst expectations by 1.48%. It was a weak quarter for the company, with a full year guidance missing analysts' expectations.

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 14.3% year on year to $5.51 billion, slowing down from the 48.7% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.67 per share.

AMD Total Revenue

The analysts covering the company have been growing increasingly bearish about the business heading into the earnings, with revenue estimates seeing eight 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 4.68%.

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's revenues decreased 31.5% year on year, missing analyst estimates by 3.1% and Texas Instruments reported revenue decline of 3.35% year on year, exceeding estimates by 0.92%. Intel traded down 7.11% on the results, Texas Instruments was up 0.62%. Read our full analysis of Intel's results here and Texas Instruments's results here.

There has been positive sentiment among investors in the semiconductors segment, with the stocks up on average 18.2% over the last month. AMD is up 15.9% during the same time, and is heading into the earnings with analyst price target of $89.50, compared to share price of $74.00.

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