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Advanced Micro Devices (AMD) is set to report its third quarter earnings after the bell on Tuesday, potentially providing a preview of what its major rival, Nvidia (NVDA), may report in its upcoming results. Nvidia will the final member of the Magnificent Seven tech names to report earnings on November 20.
According to Bloomberg estimates, AMD is expected to post revenue of $6.7 billion and adjusted earnings per share (EPS) of $0.92. Investors will be closely watching the performance of AMD's key business segments, including its data center business, expected to bring in revenue of $3.46 billion; its AI and GPU (graphics processing unit) revenue, projected to reach $1.39 billion; and its client business, which is expected to generate $1.71 billion.
Yahoo Finance Tech Editor Dan Howley breaks down the key metrics and factors that investors should be watching for in AMD's upcoming earnings figures.
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This post was written by Angel Smith