Overview

• AMD will announce its Q1 FY2025 earnings after the market closes on May 6, with analysts expecting $7.1 billion in revenue and $0.94 adjusted EPS.
• The Trump administration's tightened export controls on AI chips to China have halted AMD's MI308 shipments, leading to an $800 million charge for inventory and commitments.
• Options traders are positioning for an 8% stock movement following the earnings report, reflecting uncertainty about AMD's outlook.
• Investor sentiment remains cautious, with AMD shares down 17% year-to-date and 36% over the past year amid broader semiconductor challenges.
• Analysts remain divided, with Lynx Equity issuing a bearish FY2025 revenue forecast of $29.1 billion and a $90 price target, while others highlight robust AI demand as a potential tailwind.