Overview
- At its New York analyst day, AMD outlined goals of more than 35% annual revenue growth, over 35% non‑GAAP operating margin, and at least $20 in non‑GAAP EPS over three to five years.
- Management forecast roughly 60% yearly growth in data‑center revenue and flagged a path to $100 billion in annual sales, with future ramps tied to the Helios rack system and next‑gen MI chips expected starting in 2026.
- The company highlighted partnerships with OpenAI and Oracle as demand drivers, and the stock rose 7%–9% on the announcements after a strong year‑to‑date run.
- Reactions were mixed, with Wells Fargo seeing potential for $345 in 2026 while Bernstein and others called the projections aggressive and noted dependence on OpenAI deployments and execution of product roadmaps.
- AMD also projected taking server CPU share to roughly 50% within three to five years, intensifying pressure on Intel, as the market awaits Nvidia’s Nov. 19 report and weighs export and China‑related constraints.