Advanced Micro Devices (AMD) is scheduled to announce its results for the fourth quarter of 2025 on Tuesday, February 3, and the options market is expecting a volatile reaction. Based on options pricing, traders are expecting an 8.87% move in either direction in AMD stock following its Q4 2025 earnings. This implied move is higher than the stock’s average post-earnings move (in absolute terms) of 4.24% over the past four quarters.
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What to Watch in AMD’s Earnings
For AMD, investors will focus first on AI and data-center sales. After strong demand for its MI300 AI chips in recent quarters, markets want to see whether momentum continues and how quickly customers are adopting AMD’s latest AI products.
Another key area is product timing and supply. Recently, reports suggested AMD could face production delays for its next-generation MI450 AI accelerators, which briefly worried investors about the company’s AI roadmap. As a result, markets will look for clear updates on chip rollout and delivery timelines.
Next, attention will turn to revenue growth and guidance. After a strong outlook tied to AI demand in recent quarters, investors will watch to see if AMD maintains its growth pace and offers an upbeat forecast for the year ahead.
Finally, investors will watch profit margins and demand trends. Markets want to see whether higher AI chip sales are lifting margins and if cloud and enterprise customers are still spending despite recent market swings.
Analysts’ Expectations for AMD’s Q4 Results
Wall Street expects AMD to report a 21% year-over-year jump in Q4 2025 earnings per share (EPS) to $1.32. Also, revenue is projected to rise 26.2% to $9.67 billion.
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.
