Advanced Micro Devices (AMD) reports Q3 earnings today after market close. The setup mirrors Intel's recent report, where a beat on EPS ($0.52 vs $0.40 est.) and in-line revenue ($16.50B) was overshadowed by weak Q4 guidance, causing INTC to drop over 31% .
Key points for AMD:
- Consensus: Q3 EPS of $1.94 on $13.06B revenue .
- Stock performance: Down 22.6% over one month, 26% below 52-week high .
- History: AMD has consistently beaten EPS estimates, but stock reaction varies widely, suggesting guidance will be critical .
Investors will be closely watching AMD's outlook for Q4 and beyond, especially given the recent negative reaction to Intel's guidance.
AMD earnings setup: why a beat may not be enough
INVESTING.COMNov 3, 5:01 PM UTC
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