Advanced Micro Devices (AMD) will release its Q3 2025 earnings report on Tuesday, November 4, after the market closes. Analysts are closely watching how the report will impact its stock, hoping to see a rally. AMD is up 86% this year, one of the best returns for any hardware stock on the US market. The incoming earnings report has lofty expectations from Wall Street, and can dictate AMD stock’s price path for the remainder of 2025.

Analysts expect AMD to report a profit of $0.97 per share on a diluted basis, up 27.6% from $0.76 per share in the year-ago quarter, per Barchart. Meanwhile, AMD expects revenue in the range of $8.4 billion to $9 billion for Q3. The company beat or matched the consensus estimates in three of the last four quarters while missing the forecast on another occasion. In instances where it beat expectations, AMD shares rallied; thus, they’re expected to do the same should this report exceed expectations.

Further, AMD will provide its outlook for the final quarter and overall earnings for the year, which may boost or bust AMD stock. Should the outlook exceed expectations, AMD could boom as much as 10%, according to some forecasts.

Also Read: Nvidia Stock Price Prediction Five Years From Now (NVDA)

Wall Street’s opinion on AMD stock is bullish, with a “Strong Buy” rating overall. Out of 57 analysts covering the stock on CNN, 74% advise a “Buy” rating, while the remaining 26% suggest a “hold.” AMD’s average analyst price target is $252.35, indicating a potential upside of 4.9% from the current levels. Bank of America is one of the latest firms to up their forecast for AMD ahead of the next earnings report, raising its price target to $300 per share from $250.

“We rate AMD Buy,” analysts said in an investor’s note this week. “It serves a multi-hundred billion addressable market opportunity in PC, server, high-end gaming, deep-learning, and related markets where AMD has less than 30% value share currently.” AMD shares did slip on Tuesday after new leaks revealed possible details about their upcoming CPUs. They are now down 4.4% on Wednesday.