AMD shares fell 11% on October 30 after Intel said its PC slowdown would run at least through the first half of 2027. Intel stock dropped about 29%. AMD reports third-quarter results after the close on Tuesday, November 3.
AMD's stock fell 11% on Friday, October 30, after Intel warned that its PC slowdown would run at least through the first half of 2027. Intel shares plunged 29% in the same session.
Intel's guidance
On October 29, Intel set its fourth-quarter 2026 revenue guidance at $15 billion to $16 billion, below the roughly $17 billion GuruFocus consensus. Its adjusted gross margin guidance is 38%, down from 44.1% in the third quarter. Intel's data center revenue jumped 78%.
What to watch in AMD's report
AMD reports third-quarter results after the close on Tuesday, November 3. Management guided third-quarter revenue to about $13.0 billion, plus or minus $300 million, versus a $13.09 billion consensus. In the second quarter of 2026, AMD's Data Center revenue rose 107% to $6.72 billion, making up 58% of sales, while its Client segment brought in $3.06 billion.
Estimates and valuation
Per Bloomberg's average analyst estimates, AMD's net income is expected to grow 501% over four years, ahead of Broadcom at 306% and Nvidia at 168%. Consensus EPS estimates for AMD are $7.62 for 2026 and $15.93 for 2027. Its forward earnings multiple of 45x is above its five-year average of 35x.
