Alright, so here’s the deal with AMD’s latest earnings report. It’s like, they just sort of missed where they needed to be. Analysts wanted 49 cents per share, but AMD went with 48 cents. Ironic, right? The shares dropped 6% before trading even got started on Wednesday—pre-market shenanigans. Thank Lisa Su for that fun fact call about AI revenue slipping because of those pesky U.S. export rules. No more MI308 sales to China—thanks, geopolitics. Yet, on the plus side, AMD pulled in $7.69 billion in revenue, which is more than the expected $7.42 billion. Hard to complain about that. Net income went up too, so that’s something. Still, analysts are holding their ratings, with some even tweaking price targets.
Stacy Rasgon over at Bernstein isn’t impressed, though. Keeps the market performance label and a $140 target, which sounds like a 20% hit from Tuesday’s price of $174.31. It’s like, “Hey, AMD’s Q2 numbers seemed decent until you read the fine print—the gaming part was all shiny, while Client and Data Center, not so much. A bit of a bummer. No fireworks, just business as usual.”
Goldman Sachs? They’re hanging on with a neutral stance but nudging their target to $150, down from AMD’s current price. Feeling hopeful about AMD cornering the PC and server markets, but Datacenter GPUs? Let’s say they’re cautiously optimistic.
Deutsche Bank? Same hold rating, but up to $150 from $130. They’re cheering AMD’s product execution but guessing EPS (earnings per share, in case you’re curious) will stay around $6-7 as the model stands now.
Over at Morgan Stanley, the mood is “equal weight,” whatever that means. They trimmed their price objective to $168 from $185. The China thing? It’s vague. GPUs needed to shine more to keep the stock value high. Wait for MI400 in 2025—they have hopes tied there.
JPMorgan’s calling it neutral too, but they bumped their price target to $180 from $120. AMD’s game plan with Ryzen, EPYC, and Radeon Vega is solid, but long-term gains? Who knows. They say AMD’s staying competitive but kind of pricey right now.
Wells Fargo’s got an “overweight” position and keeping $185 as their target. They vibe with the 2Q25 results and are jazzed about MI355X ramping up later in 2025. A piece of good news, sorta.
Barclays raised the target to $200 from $130. They’re expecting MI-series to rake in cash and see growth ahead, particularly into 2026. Their forecast’s, like, a 15% upside—fingers crossed.
Bank of America? They’re all in with a buy rating and sticking with a $200 target. AMD’s AI GPU pipeline? They reckon it’s golden—MI355X and MI400 Series look like good bets. Server CPUs are also racking up wins. Consistency is their theme.
UBS has a confident buy rating and a $210 forecast. They’re calling AMD’s revenue “beat” largely gaming-driven. And data center GPUs? Already expected to shine in the latter half of the year. Keeping an eye out for how things shape up.
So, maybe a mixed bag of optimism and caution. One thing’s for sure—it’s never dull with AMD.
