Advanced Micro Devices (AMD) is set to report its Q4 2025 earnings on Tuesday, February 3, after the market closes. AMD stock has jumped 99% over the past year, fueled by optimism around its AI GPUs, steady CPU demand, and key partnerships, including OpenAI. Wall Street analysts expect the company to post revenues of $9.67 billion, up 26% from the year-ago quarter, according to data from the TipRanks Forecast page.
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Meanwhile, earnings are expected to increase by about 21% from the year-ago quarter to $1.32 per share. Notably, AMD has an encouraging earnings surprise history. The company missed earnings estimates just twice out of the previous nine quarters.
Analysts’ Views on AMD Ahead of Q4 Results
Ahead of the Q4 print, KeyBanc analyst John Vinh reiterated an Overweight rating and a $270 price target, expecting AMD to beat Q4 results and issue solid guidance for early 2026.
He said demand for AMD’s server CPUs remains strong, led by its latest Turin chips, with major cloud customers already locking in capacity for 2026. Vinh noted AMD is nearly sold out of server CPUs through 2026 and may raise prices by 10%–15%. On AI, he sees revenue reaching $14–$15 billion in 2026 as shipments of MI355 and MI450 accelerators increase, even as full rack systems ramp later.
As the chart shows, AMD’s growth in recent years has been driven mainly by its Data Center and Embedded segments, helping offset weaker trends in Client and Gaming.
Options Traders Anticipate a Large Move
Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry, the Options tool does this for you.
Indeed, it currently says that options traders are expecting an 8.87% move in either direction.
Is AMD a Buy, Sell, or Hold?
Turning to Wall Street, analysts have a Strong Buy consensus rating on AMD stock based on 25 Buys, eight Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average AMD price target of $286.66 per share implies 21.09% upside potential. Advanced Micro Devices stock has jumped 99% over the past year.
