XLNX - Is Advanced Micro Devices set for strong Q2 earnings?

Advanced Micro Devices (NASDAQ:AMD) is scheduled to announce Q2 earnings results on Tuesday, July 27th, after market close.The consensus EPS Estimate is $0.54 vs $0.18 in Q220 and the consensus Revenue Estimate is $3.61B (+87.0% Y/Y).Analyst expects Adjusted gross margin of 47%.Over the last 2 years, AMD has beaten EPS estimates 75% of the time and has beaten revenue estimates 75% of the time.Over the last 3 months, EPS estimates have seen 28 upward revisions and 1 downward. Revenue estimates have seen 27 upward revisions and 0 downward.The semiconductor company is in the process of acquiring Xilinx (XLNX) in an $35B all-stock deal, which has already received an unconditional approval from the European Union, and is awaiting approval in China. On July 06, it was reported that the deal will see a Phase Two review by Chinese antitrust regulators.AMD peer Intel (INTC) reported its Q2 financial results last week, with EPS

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Is Advanced Micro Devices set for strong Q2 earnings?