AMD to report Q1 earnings Tuesday, as Wall Street looks for jump in AI and PC sales

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AMD will report its Q1 earnings after the bell on Tuesday, as Wall Street looks for signs of AI and PC sales growth.

) will report its first-quarter earnings after the bell on Tuesday. The announcement follows rival Intel’s disappointing report last week. While Intel of $0.61 on revenue of $5.45 billion. That would mark a slight increase from the same quarter last year when AMD reported EPS of $0.60 on revenue of $5.35 billion.) best-selling H100 line of accelerators. The company previously said that its MI300X beats out Nvidia’s chips, a claim Nvidia rejected.

“We still very much see $5 billion to $6 billion as still conservative for MI300 revenue this year and we also see guidance being fine,” he wrote in an investor note ahead of earnings.For the quarter, Wall Street is anticipating Data Center revenue of $2.31 billion, which would equate to a year-over-year increase of 78% versus the same period last year.

Analysts are calling for AMD Client revenue, the segment that includes PC chip sales, to jump 74% year-over-year to $1.29 billion in the quarter.Despite healthy growth projections for its Data Center and Client segments, Wall Street is expecting the company’s Gaming and Embedded divisions to tumble 45% and 40%, respectively.

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