AMD and Sandisk Show Earnings Momentum Ahead of Reports
Advanced Micro Devices (NASDAQ: AMD) and SanDisk are among the top-performing semiconductor stocks with strong earnings momentum ahead of their quarterly reports. Analysts have raised expectations for both companies, citing upward revisions in earnings estimates over recent months. Sandisk is expected to report on Wednesday after seeing its forecast revised 34 times in three months, while AMD will report Tuesday following 54 estimate upgrades. Both stocks are up significantly this year—Sandisk by more than 400% and AMD by 122%. Analysts from Wells Fargo and Susquehanna have raised price targets for both companies based on strong demand dynamics and product performance. Microchip Technology is also highlighted as a semiconductor stock with rising earnings estimates, up 19% in the past three months. UBS analyst Timothy Arcuri noted improved revenue trends across multiple markets ahead of its Thursday report. Other notable stocks reporting this week include Palantir Technologies (NASDAQ: PLTR), Western Digital (NASDAQ: WDC), and Cummins Inc. (NYSE: CMI). Analysts are generally optimistic about the potential for earnings upside, particularly in data center and industrial sectors. The broader market is also watching as 130 S&P 500 companies report results this week, including major names like SpaceX parent company Elon Musk’s ventures, Disney (NASDAQ: DIS), and Caterpillar Inc. (NYSE: CAT).
Tickers: $AMD $CMI $MCHP $PLTR $SNDK $WDC $WFC
Topics: analyst revisions earnings semiconductors stock performance