{"id":39037,"date":"2023-10-31T09:38:42","date_gmt":"2023-10-31T09:38:42","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/amd-reports-earnings-today-what-to-expect\/"},"modified":"2023-10-31T09:38:45","modified_gmt":"2023-10-31T09:38:45","slug":"amd-reports-earnings-today-what-to-expect","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=39037","title":{"rendered":"AMD Reports Earnings Today. What to Expect."},"content":{"rendered":"
\n
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<\/p>\n<\/figure><\/div>\n

Semiconductor analysts are concerned expectations for AMD\u2019s data center unit may be too high. Investors will get a key update on chip maker\u2019s businesses after the market close.<\/p>\n

The Wall Street consensus is that
\n Advanced Micro Devices
\n (ticker: AMD) will report September quarter revenue of $5.7 billion with adjusted earnings per share of 68 cents. Analysts\u2019 estimates for the current quarter\u2019s revenue is $6.4 billion with EPS of 89 cents.<\/p>\n

\n

Last week,
\n Intel
\n (INTC) posted third-quarter financial results above Wall Street estimates but the company\u2019s data-center revenue missed analysts\u2019 consensus.<\/p>\n

AMD and Intel use the x86 chip architecture in making processors for personal computers and servers.<\/p>\n

On Monday, Susquehanna analyst Christopher Rolland analyst reaffirmed his Positive rating on AMD but cautioned about forecasts for next year.<\/p>\n

\u201cAMD faces near-term headwinds,\u201d he wrote. \u201cWe worry about a step down into 1Q [first quarter 2024].\u201d<\/p>\n

The analysts cited some checks with customers, which suggested sales of AMD\u2019s server chips may be hurt by budget shifts at corporations increasing their AI-related infrastructure purchases.<\/p>\n

AMD shares were down 16% over the last three months. The
\n iShares Semiconductor ETF
\n (SOXX), which tracks the performance of the ICE Semiconductor Index, has declined 18% for the same period.<\/p>\n

Write to Tae Kim at tae.kim@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Semiconductor analysts are concerned expectations for AMD\u2019s data center unit may be too high. Investors will get a key update on chip maker\u2019s businesses after the market close. The Wall Street consensus is that Advanced Micro Devices (ticker: AMD) will report September quarter revenue of $5.7 billion with adjusted earnings per share of 68 cents. […]<\/p>\n","protected":false},"author":1,"featured_media":39038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[33],"tags":[],"class_list":{"0":"post-39037","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets"},"yoast_head":"\nAMD Reports Earnings Today. What to Expect. | Prosfunds<\/title>\n<meta name=\"description\" content=\"Semiconductor analysts are concerned expectations for AMD\u2019s data center unit may be too high. 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