Key Takeaways
- Superior Micro Gadgets is about to report quarterly earnings after the market closes Tuesday.
- Analysts surveyed by Seen Alpha anticipate the chipmaker to report rising gross sales, however falling income. AMD warned in Might that it will take successful from tighter chip export curbs.
- Nevertheless, AMD reportedly advised final month that headwinds from exports restrictions might quickly ease, main a number of analysts to lift their worth targets for the inventory.
Superior Micro Gadgets (AMD) is scheduled to report second-quarter outcomes after the closing bell Tuesday, after a robust run for the chipmaker’s inventory amid hopes export curb headwinds might quickly ease.
AMD is predicted to report second-quarter income of $7.43 billion, up 27% year-over-year on robust information heart gross sales, in keeping with estimates compiled by Seen Alpha. Nevertheless, its adjusted web revenue might fall to $796.6 million, or 48 cents per share, in comparison with $1.26 billion, or 69 cents per share, a yr in the past. In Might, AMD warned it will take successful within the quarter to the tune of $800 million associated to tighter restrictions on gross sales of its chips to China.
Nonetheless, Wall Road analysts lean extra bullish than bearish on the corporate’s inventory, after AMD reportedly stated final month that it plans to restart exports of its MI308 chips to China as soon as it receives remaining approval from U.S. authorities.
Of the ten analysts with present rankings tracked by Seen Alpha, six have “purchase” or equal rankings for the inventory, alongside 5 “maintain” rankings, with worth targets starting from $111 to $210. The shares have gained greater than 40% in 2025 to this point, closing Friday close to $172.
Final week, UBS raised its worth goal for AMD inventory to $210 from $160, pointing to optimism about AMD’s potential to acquire the mandatory approvals to start out reselling it MI308 chips to China.
Financial institution of America additionally lately raised its worth goal, to $200 from $175. AMD might have an opportunity to succeed in a greater than 30% share of the CPU market by 2026, up from lower than 20% in 2023, BofA stated, significantly if Intel’s (INTC) share of the market declines.
