AMD CEO: Data Center Revenue Could More Than Double in 2027, Surpassing Long-Term Targets
AMD has more than doubled off its 52-week low of $149.22.
Summary
On the Q2 earnings call, CEO Lisa Su projected data center revenue could more than double in 2027, with potential for growth far above 100%. She also indicated AMD could exceed its long-term targets of 35% annual revenue growth and $20 EPS. This bullish outlook comes despite a 9% after-hours drop on Q3 guidance miss, suggesting management sees the current weakness as temporary. The data center segment already doubled in Q2, and this forecast implies sustained hypergrowth driven by AI demand. Investors should watch for further color on data center pipeline and margin trajectory in upcoming conferences.
At the time of this announcement, AMD was trading at $472.94 on NASDAQ in the Technology sector, with a market capitalization of approximately $845.6B. The 52-week trading range was $149.22 to $584.73. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Binance News.