Advanced Micro Devices (AMD) is scheduled to release its third quarter 2025 earnings report after the market closes on Tuesday, November 4th. Analysts are watching closely to see how this report will affect the stock price, and expect it to rise. AMD is up 86% this year, making it one of the best-performing hardware stocks in the U.S. market. The upcoming earnings report is highly anticipated by Wall Street, and could determine the price trend of AMD stock for the remainder of 2025.
Analysts expect AMD to report diluted earnings of $0.97 per share, up 27.6% from $0.76 per share in the year-ago period, according to Barchart. Meanwhile, AMD expects third-quarter revenue to be in the range of $8.4 billion to $9 billion. The company has beat or matched consensus estimates in three of the past four quarters, but has missed expectations on another occasion. If it beat expectations, AMD stock rose. So, if this report exceeds expectations, we expect them to do the same.
Additionally, AMD is expected to provide an outlook for its final quarter and overall earnings this year, which could move AMD stock up or down. Some forecasts say AMD stock could rise as much as 10% if the outlook beats expectations.
Wall Street’s view on AMD stock is bullish, with an overall rating of “Strong Buy.” Of the 57 analysts covering this stock on CNN, 74% advise a Buy rating, while the remaining 26% suggest a Hold. AMD’s average analyst price target is $252.35, implying a potential upside of 4.9% from current levels. Bank of America was one of the latest companies to raise its expectations for AMD ahead of its next earnings report, raising its price target from $250 to $300 per share.
“We value AMD Buy,” analysts said in a note to investors this week. “AMD currently offers hundreds of billions of attentionable market opportunities in PC, server, high-end gaming, deep learning, and related markets, where AMD’s value share is less than 30%.” AMD stock fell on Tuesday after a new leak revealed possible details about its upcoming CPUs. It was down 4.4% as of Wednesday.
