AMD Q3 Earnings Expected to Show ~42% YoY Revenue Growth; Options Market Prices ~±7.9% Move

AMD guided $13B revenue (±$300M) and a 56% gross margin for Q3. Data center revenue is expected around $8B+. An options watcher put the implied move in AMD shares at about ±7.9% ahead of the November 3 report. They noted that the stock’s last seven earnings reactions alternated between losses and gains, but cautioned that the pattern was not a trading signal.