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Barchart
Sohini Mondal

What to Expect From Advanced Micro Devices' Q3 2024 Earnings Report

AMD

Santa Clara, California-based Advanced Micro Devices, Inc. (AMD) is a leading semiconductor company, specializing in high-performance and adaptive processor technologies. With a market cap of $253.2 billion, it develops a comprehensive portfolio of CPUs, GPUs, FPGAs, and adaptive SoCs to support a wide range of computing platforms for cloud, edge, and end devices. It is expected to unveil its fiscal Q3 earnings results on Tuesday, Oct. 29.

Before the event, analysts anticipate AMD to report a profit of $0.71 per share, up nearly 34% from $0.53 per share in the same quarter last year. The company has consistently surpassed Wall Street's earnings projections in the past four quarters. AMD exceeded the consensus estimate by a 6.4% margin in the last reported quarter.

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