Advanced Micro Devices (NYSE: AMD ) is expected to report Q2 earnings on July 19. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Advanced Micro Devices' revenues will contract 10.4% and EPS will shrink 22.2%.
The average estimate for revenue is $1.41 billion. On the bottom line, the average EPS estimate is $0.07.
Last quarter, Advanced Micro Devices notched revenue of $1.59 billion. GAAP reported sales were 1.7% lower than the prior-year quarter's $1.61 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.12. GAAP EPS were -$0.80 for Q1 against $0.68 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 1.7%, 4,140 basis points worse than the prior-year quarter. Operating margin was -35.7%, 3,940 basis points worse than the prior-year quarter. Net margin was -37.2%, 6,880 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $6.09 billion. The average EPS estimate is $0.49.
The stock has a two-star rating (out of five) at Motley Fool CAPS. Among 603 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 460 give Advanced Micro Devices a green thumbs-up, and 143 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Advanced Micro Devices is hold, with an average price target of $7.61.
Is Advanced Micro Devices the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-Dollar Revolution." Click here for instant access to this free report.
- Add Advanced Micro Devices to My Watchlist.