AMD earnings are due after the bell today, with Wall Street looking for $1.62 a share on $11.3 billion in revenue. The report lands while chip stocks have dropped 20% since roughly mid-June, even after a huge run over the past year. That leaves AMD’s AI sales, and the size of its data-center rebound, squarely in view.
Lisa Su and Helios
Lisa Su said the Helios rack provides 15% better compute performance than Vera Rubin and offers 50% more high-bandwidth memory capacity, while also providing 30% more tokens per dollar than Nvidia's servers. Helios uses 72 AMD MI455X graphics processing units and several Instinct CPUs, and AMD launched the rack-scale platform for AI data centers late last month.
$1.62 in EPS would mark a sharp step up from the $0.48 AMD reported in the same quarter last year, while revenue is expected to rise to $11.3 billion from $7.6 billion. The data-center line is projected to top 100% growth to $6.5 billion, showing how much of the quarter now depends on AI demand rather than the PC cycle.
AMD Against Chip Stocks
190% is how far AMD stock has climbed over the past 12 months, a gain that has outpaced the broad chip group even as the Philadelphia Semiconductor index has jumped more than 100% in that span and Intel has risen more than 340%. The contrast matters because Nvidia still accounts for as much as 90% of AI chip market share in any given quarter, so AMD has to keep proving that its products can win business on performance and economics, not just on narrative.
$3 billion is the expected client sales figure, up 20%, while gaming is projected to bring in $781 million, down 30%. The PC industry is facing a downturn because of rising memory prices, so the quarter will show whether AMD’s gains in AI can offset softer demand in the rest of the business and whether Helios can help close the gap with Nvidia-backed systems over the next few quarters.
