Chip companies are getting ready to report results, but when it comes to the all-important outlook, AMD may suffer from aggressive expectations.
Semiconductor companies are getting ready to report results, but when it comes to the all-important outlook, Advanced Micro Devices Inc. may suffer from elevated expectations.
He... Semiconductor companies are getting ready to report results, but when it comes to the all-important outlook, Advanced Micro Devices Inc. may suffer from elevated expectations. He said he expects $5.4 billion in revenue and 60 cents in adjusted earnings per share for AMD in the third quarter, the period for which AMD will offer a forecast when it next addresses investors. The FactSet consensus view called for $5.9 billion in revenue and 74 cents in adjusted EPS.
“Although we think competitive dynamics are underappreciated, and it’s still too early to call Intel’s five-node/four-year roadmap execution a success, we do find ourselves believing in a more positive risk-reward setup” for the stock, he wrote. That’s especially true for investors with a multi-year time horizon.
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