AMD Stock: Reports Fourth Quarter Results Tuesday – Here’s What To Expect

TLDR AMD reports Q4 earnings Tuesday with Wall Street expecting $9.67 billion revenue and $1.32 adjusted EPS HSBC upgrades price target to $335, citing agentic AI as growth driver for server CPUs OpenAI reportedly seeking alternatives to Nvidia chips, sending AMD shares higher after-hours Data center revenue projected at $4.97 billion, up 29% from prior year quarter Global memory shortage creates headwinds for PC business while new Helios server targets Nvidia Advanced Micro Devices reports fourth-quarter results Tuesday after the bell. Analysts expect the chipmaker to post revenue of $9.67 billion with adjusted earnings per share of $1.32. Advanced Micro Devices, Inc., AMD The numbers would show strong growth from last year’s Q4 revenue of $7.7 billion and EPS of $1.09. Current quarter estimates call for $9.42 billion in revenue and $1.23 EPS. AMD shares gained 114% over the past year. The stock got another boost Sunday evening after Reuters reported OpenAI is exploring alternatives to Nvidia chips. Analyst Sees Upside From Agentic AI HSBC analyst Frank Lee raised his AMD price target Friday to $335 from $300. He kept his Buy rating intact. Lee highlighted agentic AI as a catalyst for server CPU demand. He believes the market hasn’t fully priced in AMD’s potential in this area. “We expect AMD to be a key beneficiary as the upside potential from server CPUs is not fully priced in,” Lee wrote. Intel reported earlier this year they couldn’t meet higher server processor demand due to supply issues. Lee thinks AMD has an advantage because it relies on external foundries. Wall Street projects Q4 data center revenue of $4.97 billion. That’s a 29% increase from the $3.86 billion AMD reported last year. The client business should generate around $2.9 billion. Gaming revenue is forecast at $855 million, up 52% year-over-year from $563 million. New Products Target Nvidia’s Market Share CEO Lisa Su unveiled new hardware at CES 2026 last month. The Helios rack-scale server d...