AMD Earnings Preview & Price Forecast

Scheduled Earnings

• AMD is set to report its Q2 2025 earnings on Tuesday, August 5, after market close .
• Analysts expect revenue of around $7.42B (≈ 27% YoY growth) and adjusted EPS of $0.48 .

Analyst Sentiment & Price Targets

• Wall Street consensus leans Moderate Buy, with average price targets near $155–$162 .
• Bullish outliers (e.g. UBS, Bank of America) forecast $200–$210 driven by AI and enterprise growth .
• Supportive factors include strong PC/server sales, AI chip launches (MI308/X and upcoming MI400 series), and potential export license approvals .

Technical Snapshot & Near-Term Outlook (as captured in the chart)

Chart Observations:

• The candle chart shows AMD recently forming a potential double-bottom reversal pattern near ~$118 and ~$122 support levels, with the midpoint resistance around ~$174 .
• Indicators such as RSI and MACD are trying to emerge from oversold territory, suggesting technical stabilization.

Possible Scenarios:

1. Bullish Case: If earnings surprise to the upside or guidance improves, a breakout above ~$180 could trigger a rally toward $190–$200 targets.
2. Neutral Case: A moderate beat with cautious commentary may lead to sideways action, keeping the stock range-bound between ~$170–$180.
3. Bearish Case: A miss or weak guidance, possibly due to geopolitical export restrictions, could push AMD toward $160–$163, reflecting earnings reaction probabilities of ±7% .

According to recent analysis, options markets imply a ~7% post‑earnings move, with upside potential to near $190 or downside toward $163 depending on results and commentary .

Long-term growth drivers remain intact: data center demand, AI chip introduction, and potential re‑entry into the China market pending MI308 export approvals.

Risk factors include elevated valuation, geopolitics, and the market having already priced in a ~40–45% gain YTD, which leaves limited room for disappointment .

Implied Price Range & Target

Outcome

Price Range

Commentary

Bullish

$190–210

Strong EPS, guidance beat, renewed AI drive

Neutral

$170–180

In-line results, conservative sentiment

Bearish

$160–163

Weak guidance or geopolitical drag