Advanced Micro Devices Future Growth

Future criteria checks 4/6

Advanced Micro Devices is forecast to grow earnings and revenue by 40.5% and 19% per annum respectively. EPS is expected to grow by 38.2% per annum. Return on equity is forecast to be 16.1% in 3 years.

Key information

40.5%

Earnings growth rate

38.2%

EPS growth rate

Semiconductor earnings growth	0%
Revenue growth rate	19.0%
Future return on equity	16.1%
Analyst coverage	Good
Last updated	18 Nov 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

BVL:AMD - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	40,337	8,186	9,376	9,769	31
12/31/2025	32,605	5,376	6,873	7,239	49
12/31/2024	25,674	2,142	3,691	3,895	46
9/28/2024	24,295	1,826	1,556	2,123	N/A
6/29/2024	23,276	1,354	1,357	1,916	N/A
3/30/2024	22,800	1,116	1,172	1,702	N/A
12/30/2023	22,680	854	1,121	1,667	N/A
9/30/2023	22,111	208	1,322	1,853	N/A
7/1/2023	21,876	-25	1,867	2,397	N/A
4/1/2023	23,067	395	2,519	3,056	N/A
12/31/2022	23,601	1,320	3,115	3,565	N/A
9/24/2022	22,828	2,273	3,408	3,820	N/A
6/25/2022	21,576	3,130	3,330	3,704	N/A
3/26/2022	18,876	3,393	3,312	3,618	N/A
12/25/2021	16,434	3,162	3,220	3,521	N/A
9/25/2021	14,852	3,969	2,964	3,253	N/A
6/26/2021	13,340	3,436	2,465	2,743	N/A
3/27/2021	11,422	2,883	1,729	2,034	N/A
12/26/2020	9,763	2,490	777	1,071	N/A
9/26/2020	8,646	879	697	959	N/A
6/27/2020	7,646	609	611	854	N/A
3/28/2020	7,245	487	431	641	N/A
12/28/2019	6,731	341	276	493	N/A
9/28/2019	6,023	209	-45	171	N/A
6/29/2019	5,875	191	-181	13	N/A
3/30/2019	6,100	272	-251	-72	N/A
12/29/2018	6,475	337	-129	34	N/A
9/29/2018	6,396	280	72	238	N/A
6/30/2018	6,327	239	N/A	231	N/A
3/31/2018	5,722	81	N/A	204	N/A
12/30/2017	5,253	-33	N/A	12	N/A
9/30/2017	5,019	-65	N/A	-124	N/A
7/1/2017	4,742	-532	N/A	-164	N/A
4/1/2017	4,618	-421	N/A	-167	N/A
12/31/2016	4,319	-498	N/A	81	N/A
9/24/2016	4,124	-548	N/A	-39	N/A
6/25/2016	3,878	-339	N/A	-124	N/A
3/26/2016	3,793	-589	N/A	-96	N/A
12/26/2015	3,991	-660	N/A	-226	N/A
9/26/2015	4,272	-922	N/A	-169	N/A
6/27/2015	4,640	-708	N/A	-95	N/A
3/28/2015	5,139	-563	N/A	-66	N/A
12/27/2014	5,506	-403	N/A	-98	N/A
9/27/2014	5,856	50	N/A	-193	N/A
6/28/2014	5,888	81	N/A	-190	N/A
3/29/2014	5,608	43	N/A	-197	N/A
12/28/2013	5,299	-83	N/A	-148	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AMD's forecast earnings growth (40.5% per year) is above the savings rate (8.7%).

Earnings vs Market: AMD's earnings (40.5% per year) are forecast to grow faster than the PE market (10.1% per year).

High Growth Earnings: AMD's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AMD's revenue (19% per year) is forecast to grow faster than the PE market (4% per year).

High Growth Revenue: AMD's revenue (19% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AMD's Return on Equity is forecast to be low in 3 years time (16.1%).

Advanced Micro Devices Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Advanced Micro Devices, Inc. Provides Revenue Guidance for the Fourth Quarter of 2024

Advanced Micro Devices, Inc. Provides Earnings Guidance for Third Quarter of 2024

Advanced Micro Devices, Inc. Provides Earnings Guidance for the Second Quarter of 2024

Recent updates

AMD Accelerates Exascale Computing to New Heights Powering the Fastest Supercomputer Ever, El Capitan

AMD Announces AMD Versal Premium Series Gen 2, Adaptive SoC Platform

AMD Introduces Next-Generation AMD Ryzen 7 9800X3D Processor

Third quarter 2024 earnings released: EPS: US$0.48 (vs US$0.18 in 3Q 2023)

Advanced Micro Devices, Inc. Provides Revenue Guidance for the Fourth Quarter of 2024

Advanced Micro Devices, Inc. to Report Q3, 2024 Results on Oct 29, 2024

AMD Expands Alveo Portfolio with Launch of World's Fastest Electronic Trading Accelerator in Slim Form Factor for Broad, Cost-Effective Server Deployments

AMD Delivers Leadership AI Performance with AMD Instinct MI325X Accelerators

Now 20% undervalued after recent price drop

Advanced Micro Devices, Inc. Appoints Keith Strier as Senior Vice President of Global AI Markets

Now 20% undervalued after recent price drop

Advanced Micro Devices, Inc. (NasdaqGS:AMD) entered into a definitive agreement to acquire ZT Group Int'l, Inc. from Frank D. Zhang, Alpine Eagle LLC and others for $5 billion.

Advanced Micro Devices, Inc. (NasdaqGS:AMD) entered into a definitive agreement to acquire ZT Group Int'l, Inc. from Frank D. Zhang, Alpine Eagle LLC and others for $5 billion.

New major risk - Share price stability

Advanced Micro Devices, Inc. (NasdaqGS:AMD) completed the acquisition of Silo.AI Oy from Altor Equity Partners AB.

Advanced Micro Devices, Inc. Provides Earnings Guidance for Third Quarter of 2024

Second quarter 2024 earnings released: EPS: US$0.16 (vs US$0.017 in 2Q 2023)

AMD Announces Executive Changes

Advanced Micro Devices, Inc. to Report Q2, 2024 Results on Jul 30, 2024

Advanced Micro Devices, Inc. Accelerates Pace of Data Center AI Innovation and Leadership with Expanded AMD Instinct GPU Roadmap

Advanced Micro Devices, Inc. Announces New Alveo V80 Accelerator for HPC and Compute-Intensive Workloads

Advanced Micro Devices, Inc. Provides Earnings Guidance for the Second Quarter of 2024

First quarter 2024 earnings released: EPS: US$0.076 (vs US$0.086 loss in 1Q 2023)

Now 24% overvalued

Now 22% overvalued

Advanced Micro Devices, Inc. Expands Commercial AI PC Portfolio to Deliver Leadership Performance Across Professional Mobile and Desktop Systems

Advanced Micro Devices, Inc. to Report Q1, 2024 Results on Apr 30, 2024

Advanced Micro Devices, Inc. Announces the Expansion of the AMD Versal™ Adaptive System on Chip (SoC) Portfolio with the New Versal AI Edge Series Gen 2 and Versal Prime Series Gen 2 Adaptive SoC

Advanced Micro Devices, Inc., Annual General Meeting, May 08, 2024

Independent Director recently sold US$1.4m worth of stock

AMD Extends FPGA Portfolio with AMD Spartan UltraScale+ Family Built for Cost-S Sensitive Edge Applications

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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