Advanced Micro Devices (AMD) will release its fiscal Q2 earnings report this week, which might show an upbeat earnings per share. Moreover, the management will host a management call from where a future guideline for this company can be found.
AMD Earnings Forecast
As per the current expectation, AMD will likely show non-GAAP earnings per share at $0.68 against revenue of $5.7 billion. Therefore, the result might be higher than last year's EPF of $0.58 against revenue of $5.4 billion.
Additionally, the company has a strong growth forecast for its Personal Computer PC shipment in the second quarter of 2024. Despite a shipment decline, the global Personal Computer market experienced 3% growth in the first quarter.
In the future, AMD is likely to regulate its MI325X accelerator, which might be a key revenue generator for upcoming quarters. As per the CEO of AMD, the AI chip mentioned above works 30% faster than Nvidia's (NVDA) H200.
AMD Data Center Growth
Among revenue segments, investors will closely monitor data center revenue as it relates to the ongoing growth in AI demand.
Data center revenue peaked at a record high of $2.3 billion in the first quarter. The 80% surge in the result from the previous year was driven by M1300 chips, which are used in data centers.
According to current analysts, data center revenue could reach $2.79 billion, a record high for this stock.
According to consensus estimates from Visible Alpha, analysts expect data center revenue to be $2.79 billion, a quarterly record high for the segment.
