Advanced Micro Devices’ Q1 Earnings Preview
<p>Analysts at Deutsche Bank shared their outlook on <a href='https://financialmodelingprep.com/financial-summary/AMD'>Advanced Micro Devices, Inc. (NASDAQ:AMD) </a>ahead of Q1 results. Shares of the company declined around 40% since the start of the year as macro fears/higher rates have yielded multiple compression market-wide. </p>
<p>The analysts expect the XLNX integration to be progressing smoothly (the deal closed in mid-February), with Advanced Micro Devices’ recently announced $8 billion buyback authorization helping to offset some of the earnings dilutions from the all-stock deal.</p>
<p>While the addition of XLNX will muddy year-over-year compares, the analysts said they won’t be surprised to see an incremental increase in the company’s organic 2022 growth rate, continuing its trend of raising its full-year revenue outlook on each earnings call. </p>
<p>Overall, the analysts believe the company is well-positioned for fundamental growth given its strong product roadmap across all vectors.</p>

NASDAQ:AMD