How to Trade Today's AMD Earnings

Key Points

* AMD's earnings report is due out today, after the market closes. * Analysts are expecting the company to report strong results, with revenue and earnings per share (EPS) both beating estimates. * The stock has been trading sideways in recent weeks, but could see a breakout in either direction after the earnings report.

AMD's Earnings Report

AMD is scheduled to report its earnings for the fourth quarter of 2022 after the market closes today. Analysts are expecting the company to report revenue of $5.3 billion, up 16% year-over-year, and EPS of $0.70, up 14% year-over-year. The company has been benefiting from strong demand for its chips, which are used in a variety of products, including PCs, servers, and gaming consoles. AMD has also been gaining market share from its rival, Intel, in recent quarters.

What to Expect from the Stock

The stock has been trading sideways in recent weeks, but could see a breakout in either direction after the earnings report. If the company reports strong results, the stock could move higher. However, if the company reports disappointing results, the stock could move lower. Investors should also keep an eye on the company's guidance for the first quarter of 2023. If AMD provides strong guidance, the stock could move higher. However, if the company provides weak guidance, the stock could move lower. Overall, AMD's earnings report is a key event for investors to watch. The report could provide insights into the company's financial health and its outlook for the future. Investors should be prepared for volatility in the stock price after the report is released.