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CLSA: Advanced Micro Devices, Inc. (AMD.US) 4Q Guidance Beats Expectations, Strong Product Cycle Ahead
2026-11-04 14:29:55
CLSA issued a research report stating that its forecasts for Advanced Micro Devices, Inc. (AMD.US)'s GAAP and non-GAAP earnings for next year are 22% above market expectations. The broker believes the company's 3Q results and 4Q guidance indicate that a strong product cycle is approaching. CLSA maintained the company's "Outperform" rating and USD710 TP.

The report noted that Advanced Micro Devices, Inc. (AMD.US)'s revenue guidance for 4Q was USD17 billion, significantly above the broker's forecast of USD16 billion, while non-GAAP margin guidance was 55%, also higher than the broker's estimate of 52%.

Looking back at the 3Q results, revenue rose 45% YoY to USD13.3 billion, in line with the broker's expectations. Diluted EPS was USD2.09, above the broker's forecast of USD1.97.(sl/u)~

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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.