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Why Advanced Micro Devices (AMD) Dipped More Than Broader Market Today
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In the latest trading session, Advanced Micro Devices (AMD - Free Report) closed at $594.24, marking a -2.28% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.06%. Elsewhere, the Dow gained 0.38%, while the tech-heavy Nasdaq lost 0.44%.
Shares of the chipmaker have appreciated by 17.82% over the course of the past month, outperforming the Computer and Technology sector's gain of 4.85%, and the S&P 500's gain of 2.36%.
Investors will be eagerly watching for the performance of Advanced Micro Devices in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 3, 2026. It is anticipated that the company will report an EPS of $1.92, marking a 60% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $13.07 billion, indicating a 41.34% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $7.5 per share and a revenue of $50.48 billion, demonstrating changes of +79.86% and +45.72%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Advanced Micro Devices. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% higher. Advanced Micro Devices presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Advanced Micro Devices is presently trading at a Forward P/E ratio of 81.07. Its industry sports an average Forward P/E of 20.49, so one might conclude that Advanced Micro Devices is trading at a premium comparatively.
One should further note that AMD currently holds a PEG ratio of 5.4. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Computer - Integrated Systems industry was having an average PEG ratio of 0.57.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 43, positioning it in the top 18% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMD in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Why Advanced Micro Devices (AMD) Dipped More Than Broader Market Today
In the latest trading session, Advanced Micro Devices (AMD - Free Report) closed at $594.24, marking a -2.28% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.06%. Elsewhere, the Dow gained 0.38%, while the tech-heavy Nasdaq lost 0.44%.
Shares of the chipmaker have appreciated by 17.82% over the course of the past month, outperforming the Computer and Technology sector's gain of 4.85%, and the S&P 500's gain of 2.36%.
Investors will be eagerly watching for the performance of Advanced Micro Devices in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 3, 2026. It is anticipated that the company will report an EPS of $1.92, marking a 60% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $13.07 billion, indicating a 41.34% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $7.5 per share and a revenue of $50.48 billion, demonstrating changes of +79.86% and +45.72%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Advanced Micro Devices. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% higher. Advanced Micro Devices presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Advanced Micro Devices is presently trading at a Forward P/E ratio of 81.07. Its industry sports an average Forward P/E of 20.49, so one might conclude that Advanced Micro Devices is trading at a premium comparatively.
One should further note that AMD currently holds a PEG ratio of 5.4. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Computer - Integrated Systems industry was having an average PEG ratio of 0.57.
The Computer - Integrated Systems industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 43, positioning it in the top 18% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMD in the coming trading sessions, be sure to utilize Zacks.com.