AMD Fourth-Quarter Results Announcement
Advanced Micro Devices (NASDAQ: AMD) is set to report its fourth-quarter results and 2026 outlook on February 3, 2024. The company aims to demonstrate significant growth, with projections indicating a 60% compounded annual growth rate for its data center division through 2030. In Q3 2023, AMD’s data center revenue grew by only 22% year over year, highlighting the gap between current performance and future goals.
AMD currently trades at a valuation of 40 times expected earnings for 2026, significantly higher than competitors like Nvidia, which has a forward P/E of 24 for its fiscal year 2027. The outcome of AMD’s upcoming earnings report could potentially influence stock prices, as strong guidance from management could lead to a price surge.
