Overview
- AMD, which reports Tuesday afternoon, is expected to post about $9.9 billion in revenue and $1.24 to $1.29 in adjusted earnings per share.
- Data-center sales tied to AI workloads are forecast near $5.6 billion, or roughly 57% of total revenue.
- Shares sit near record highs around $355 to $360 after a five-week rally, with slight premarket weakness tracking softer index futures.
- Traders will focus on the Q2 revenue outlook, with recent coverage citing a $10.5 billion guide that would keep growth running hot.
- Risks in focus include an overbought momentum reading, a forward P/E near 53, and large OpenAI and Meta contracts that use delivery-linked warrants with shipments expected in the second half of 2026.