Advanced Micro Devices, Inc. (AMD) Tops Q2 EPS by 9c, Q3 Revenue Guidance Beats

AMD (AMD) PT Raised to $130 at Susquehanna

Susquehanna analyst Christopher Rolland raised the price target on AMD (NASDAQ: AMD) to $130.00 (from $125.00) while maintaining a Positive rating.

The analyst commented, "While we had anticipated upside results/guidance, we had not expected the company to navigate supply constraints flawlessly and raise full year expectations."

AMD (AMD) Delivers Another Beat-and-Raise, Analysts Hike Numbers Citing 'Superior Products and Manufacturing Process'

Shares of Advanced Micro Devices (NASDAQ: AMD) are trading 2.5% higher in early Wednesday trading after the company reported strong Q2 and guided higher for Q3.

The company made a profit of $0.63 per share on revenue of $3.85 billion. This is higher than expectations of $0.54 per share on sales of $3.62 billion. On a year-to-year basis, sales nearly doubled.

"Our business performed exceptionally well in the second quarter as revenue and operating margin doubled and profitability more than tripled year over year," Chief Executive Lisa Su said in a news... More

AMD (AMD) PT Raised to $125 at Northland Capital Markets

Northland Capital Markets analyst Gus Richard raised the price target on AMD (NASDAQ: AMD) to $125.00 (from $116.00) while maintaining an Outperform rating.

The analyst commented, "AMD reported strong Q2 and guided Q3 up and raised revenue growth guidance for CY21 from 50% to 60%.... More

AMD (AMD) PT Raised to $150 at Rosenblatt

Rosenblatt analyst Hans Mosesmann raised the price target on AMD (NASDAQ: AMD) to $150.00 (from $135.00) while maintaining a Buy rating.

The analyst commented, "Another big beat-and-raise for AMD for 3Q21, but this time even more compelling given industry supply chain shortages and an increasingly... More