Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD) is expected to only report a slight year-over-year improvement in revenue when it hands down its first quarter earnings after Tuesday’s closing bell.
The chip maker is expected to report a modest 1.2% increase in revenue from $5.35 billion in Q1 2023 to $5.42 billion, in line with AMD’s guidance of $5.4 billion.
Earnings per share (EPS) are expected to be flat year-over-year at $0.61.
Investors will be eyeing AMD’s AI chip sales, specifically looking out for an update on sales of its new MI300 line of AI accelerator chips released in December 2023, and its PC market performance.
Shares of AMD traded flat at about $160 ahead of its earnings report.
The stock has gained about 15% in the last 12 months.