Here’s How Much Traders See AMD Stock Moving After Earnings

Here’s How Much Traders See AMD Stock Moving After Earnings

Fri, July 31, 2026 at 11:23 PM GMT+3 2 min read

• AMD -1.90%

Key Takeaways

• AMD is set to report earnings Tuesday afternoon, with traders anticipating its stock could move up to 10% by the end of the week following the results.

• The chipmaker is projected to post growing revenue and profits on booming AI demand.

Advanced Micro Devices is scheduled to report earnings after markets close Tuesday, with traders anticipating a big move from the chipmaker's stock.

Based on recent options prices, AMD (AMD) shares are seen swinging up to 10% in either direction by the end of the week. A move of that size from Friday's close could see the stock rally as high as $527, or give back some of this year's gains to slip below $430.

The chipmaker's stock has more than doubled in value since the start of the year as data center sales surged, though it's slipped nearly 19% off its June highs amid a broader pullback in the AI trade.

Why This Matters to Investors

Strong results from AMD could help refresh investors' enthusiasm for the stock, which has fallen from its highs lately.

Analysts from UBS and Bank of America recently lifted their price targets to $730 and $620, respectively, from $700 and $560 following AMD's Advancing AI event where it unveiled a slate of new products. William Blair analysts said after the event that AMD is "now on the offense to grab share, with a robust product roadmap and a focus on open standards helping it land large commitments from hyperscaler and AI lab customers."

AMD is projected to report second-quarter revenue of $11.34 billion, up about 48% year-over-year, and adjusted earnings of $1.61 per share, more than three times last year's 48 cents, according to Visible Alpha estimates.

Analysts are widely bullish on AMD, with seven of the nine analysts tracked by Visible Alpha recommending buying the stock, compared to two neutral ratings. Their mean price target of $582 would suggest more than 20% upside from Friday's close.

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