Advanced Micro Devices Inc. (AMD) is scheduled to release its fiscal second-quarter results on Tuesday after the market closes. Here are the key details you need to know:
According to FactSet, analysts are expecting AMD’s revenue to be $5.32 billion for this quarter, down from $6.55 billion in the same period last year.
Adjusted Earnings Projection
FactSet also reveals that AMD is expected to report adjusted earnings of 57 cents per share, compared to $1.05 per share in the previous year.
Analysts predict that AMD will post a loss of $105.5 million this quarter, in contrast to a net income of $447 million in the same period last year.
Key Areas of Focus
AI Chips: With the market’s continued interest in artificial intelligence and the technological chips behind it, investors will be keen to hear about AMD’s perspective on this matter. As NVIDIA’s closest competitor, AMD’s AI processors and partnerships with major datacenter operators have played a significant role in its success.
Expansion Plans: Recently, AMD announced its intention to further expand in India with a significant investment of approximately $400 million over the next five years. This investment includes the establishment of a new AMD campus in Bangalore, Karnataka. Moreover, AMD is actively exploring investment opportunities in other regions globally.