KeyBanc Expects AMD (AMD) 'To Post Higher Results and Higher Guidance'

KeyBanc analyst John Vinh reiterated a Sector Weight rating and $160.00 price target on AMD (NASDAQ: AMD).

The analyst commented: "We expect AMD to post higher results and higher guidance, as we see improving traditional server demand momentum and latest generation (Turin) strength, as representing key upside driver. We believe demand for MI355 remains strong; however, slight CoWoS cuts to AMD’s supply number this year (50K interposers), likely due to MI355 demand being pushed out of 2H25 into 1H26 (Meta), could limit upside to AMD’s full-year outlook for AI in 2025. We are looking for AMD to report better 3Q25 results and higher 4Q25 guidance. Our 3Q25 revenue/EPS estimates are $8.77B/$1.18 vs. consensus estimates of $8.73B/$1.17, and our 4Q25 revenue/EPS estimates are $9.26B/$1.33 vs. consensus estimates of $9.16B/$1.31. Street sentiment on the name is mixed; while bulls are encouraged by AMD’s progress in competing with NVDA in AI, bears expect growing pains associated with rack-scale deployment (MI400 Helios), and do not think AMD will get credit for CPU beats. We expect investors will be focused on: 1) production timeline on MI400/Helios rackscale solution; 2) customer engagement for MI355 and updates on the AI revenues for 2025; and 3) updates on traditional server and client."

For an analyst ratings summary and ratings history on AMD click here. For more ratings news on AMD click here.

Shares of AMD closed at $164.67 yesterday.

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