Advanced Micro Devices Earnings Preview: Will AMD Continue to Close the Gap to Nvidia
Advanced Micro Devices Earnings Preview: Will AMD Continue to Close the Gap to Nvidia
- Advanced Micro Devices is scheduled to report earnings on Tuesday, November 4.
- Artificial intelligence demand seen as major and persisting tailwind for the stock price.
- AMD traded with an implied volatility rank of 49.3 and the options market sees a +/- 22.64 expected move.
Advanced Micro Devices (AMD) to report earnings on Tuesday, November 4
Advanced Micro Devices (AMD) is scheduled to report quarterly earnings on Tuesday, November 4, after the market close.
It’s been a great year for AMD so far, with the stock price up about 115% in 2025. The artificial intelligence boom provided a strong tailwind to the stock price, and the support from projected AI spending is expected to continue supporting the company’s financial metrics.
While AMD has lagged behind Nvidia (NVDA) in terms of computing power for its chips that are focused on data centers, AMD offers its products at a discount, giving it its own niche avenue into the space. Still, AMD isn’t far behind Nvidia, and investors are betting that it can maintain its competitive advantage at the price point in the space.
AMD has several products on its roadmap that should help to bridge that gap more with Nvidia. The next generation AI rack “Helios” is built on AMD’s next-generation Instinct MI400 series GPUs, which are expected to give about 10x the performance from its previous models.
Server upgrade activity, in addition to new buildouts, should help propel AMD’s revenue guidance, which will be key for the stock price’s reaction to the earnings. Chief Executive Officer (CEO) Lisa Su has been optimistic about the company’s path forward, previously stating “We see clear opportunities for continued growth based on the strength of our product portfolio and growing demand for high-performance and adaptive computing.”
What do investors expect from AMD?
According to TradingView, analysts see AMD posting earnings per share (EPS) of $1.17 on $8.75 billion in revenue. EPS came in at $0.92 on $6.82 billion in revenue a year ago. Last quarter, AMD reported EPS of $0.48 on $7.68 billion in revenue.
AMD has met or surpassed EPS and revenue expectations in every quarter over the preceding year, as data center investment continued to drive revenue growth in a strong direction. That said, the upbeat history also opens the door for a bearish reaction if they do miss on earnings.
Trading AMD earnings
AMD hit fresh all-time highs just earlier this week, highlighting the exceptional technical strength of the stock. Unsurprisingly, it’s trading above its 9- and 21-day exponential moving averages (EMAs) and is far above its 50-day simple moving average (SMA).
That said, those EMAs could act as possible support should AMD have a negative reaction to the earnings announcement. A pullback to the 21-day EMA would put prices around the 230 level. To the upside, it’s uncharted territory, but the expected move of 22.55 points could put the stock as high as 283. From there, the 300 level could offer some resistance on a psychological basis.
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