Equities Analysts Set Expectations for AMD Q1 Earnings

Key Points

• KeyCorp projects AMD will report Q1 2026 EPS of $1.15, while the consensus full‑year earnings estimate is $3.87 per share.
• In its most recent quarter (reported Nov. 4) AMD posted $1.20 EPS—beating estimates—and revenue of $9.25 billion, a 35.6% year‑over‑year increase.
• Analysts have turned increasingly bullish with multiple upgrades and higher targets (e.g., Wells Fargo to $345, HSBC to $310), leaving an average 12‑month price target of $276.16 and a MarketBeat consensus of "Moderate Buy."

Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) - Stock analysts at KeyCorp issued their Q1 2026 EPS estimates for shares of Advanced Micro Devices in a research note issued to investors on Monday, January 12th. KeyCorp analyst J. Vinh forecasts that the semiconductor manufacturer will post earnings of $1.15 per share for the quarter. The consensus estimate for Advanced Micro Devices' current full-year earnings is $3.87 per share.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.03. The company had revenue of $9.25 billion for the quarter, compared to the consensus estimate of $8.76 billion. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. Advanced Micro Devices's quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.92 earnings per share.

Several other equities research analysts also recently issued reports on AMD. DZ Bank upgraded Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $250.00 price objective on the stock in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a research note on Saturday, January 10th. Wells Fargo & Company increased their price target on shares of Advanced Micro Devices from $300.00 to $345.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 12th. HSBC lifted their price objective on shares of Advanced Micro Devices from $185.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, October 15th. Finally, TD Cowen upped their target price on shares of Advanced Micro Devices from $270.00 to $290.00 and gave the stock a "buy" rating in a research note on Wednesday, November 5th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $276.16.

Advanced Micro Devices Price Performance

Shares of AMD opened at $223.60 on Thursday. The firm has a 50-day simple moving average of $219.06 and a two-hundred day simple moving average of $193.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68. Advanced Micro Devices has a 1-year low of $76.48 and a 1-year high of $267.08. The stock has a market cap of $364.03 billion, a PE ratio of 110.69, a P/E/G ratio of 0.94 and a beta of 1.95.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $215.14, for a total value of $26,892,500.00. Following the transaction, the chief executive officer directly owned 3,277,476 shares in the company, valued at $705,116,186.64. This represents a 3.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the firm's stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the sale, the executive vice president directly owned 300,348 shares in the company, valued at approximately $68,890,820.76. The trade was a 6.08% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 161,558 shares of company stock valued at $35,461,719. Corporate insiders own 0.06% of the company's stock.

Hedge Funds Weigh In On Advanced Micro Devices

Large investors have recently bought and sold shares of the stock. HHM Wealth Advisors LLC boosted its position in shares of Advanced Micro Devices by 2.4% in the 3rd quarter. HHM Wealth Advisors LLC now owns 1,742 shares of the semiconductor manufacturer's stock valued at $282,000 after purchasing an additional 40 shares during the period. HBK Sorce Advisory LLC boosted its holdings in shares of Advanced Micro Devices by 0.3% in the third quarter. HBK Sorce Advisory LLC now owns 13,404 shares of the semiconductor manufacturer's stock valued at $2,169,000 after acquiring an additional 43 shares during the period. Wilmington Savings Fund Society FSB grew its position in shares of Advanced Micro Devices by 0.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 8,706 shares of the semiconductor manufacturer's stock worth $1,409,000 after acquiring an additional 43 shares during the last quarter. Moseley Investment Management Inc. increased its holdings in shares of Advanced Micro Devices by 0.5% in the 3rd quarter. Moseley Investment Management Inc. now owns 8,883 shares of the semiconductor manufacturer's stock valued at $1,437,000 after acquiring an additional 44 shares during the period. Finally, OneAscent Family Office LLC raised its position in Advanced Micro Devices by 2.6% in the 3rd quarter. OneAscent Family Office LLC now owns 1,755 shares of the semiconductor manufacturer's stock valued at $284,000 after purchasing an additional 44 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Trending Headlines about Advanced Micro Devices

Here are the key news stories impacting Advanced Micro Devices this week:

• Positive Sentiment: KeyBanc upgraded AMD to Overweight and raised its 12‑month price target to $270, citing near‑sold‑out 2026 server CPU shipments and meaningful AI-server revenue upside — a direct catalyst for buying interest. New Analyst Forecast: $AMD Given $270 Price Target
• Positive Sentiment: AMD announced a strategic collaboration with Tata Consultancy Services (TCS) to co-develop industry‑specific AI and GenAI solutions and accelerate enterprise cloud/edge deployments — strengthens go‑to‑market for AMD EPYC/Instinct hardware in enterprise accounts. TCS and AMD Announce Strategic Collaboration to Drive AI Adoption at Scale
• Positive Sentiment: China Renaissance initiated coverage on AMD with a Buy and a $291 target, adding to the string of bullish price targets that support investor momentum. Advanced Micro Devices NASDAQ: AMD Coverage Initiated at China Renaissance
• Neutral Sentiment: TSMC’s strong Q4 results are lifting the whole chip supply chain — broad sector tailwind benefiting AMD demand expectations even as geopolitics complicate the outlook. NVDA, AMD, AVGO – Chip Stocks Jump on TSMC Earnings despite Trump’s 25% Tariff
• Neutral Sentiment: RBC and other analyst notes comparing AMD vs. peers keep the stock in focus; these thematic analyst pieces maintain debate on share gains vs. Nvidia but are mixed in near‑term impact. NVDA vs. AMD vs. AVGO: RBC’s Top Analyst Picks the Best Chip Stock
• Negative Sentiment: President Trump imposed a 25% tariff on select high‑end AI chips (naming Nvidia and AMD), introducing policy uncertainty that could affect margins, pricing and China market access if broadly enforced. Trump Targets Taiwan, China Supply Chains: President Slaps 25% Tariffs On Nvidia, AMD AI Chips Under National Security Order
• Negative Sentiment: Short‑term GPU/CPU benchmark reports (Ryzen AI MAX+ 392 data) caused a modest pullback in sentiment, showing that product‑level performance perceptions still move the stock. AMD Stock Slips Despite New Ryzen AI MAX+ 392 Benchmark Data
• Negative Sentiment: Minor selling by a member of Congress (Rep. Gilbert Ray Cisneros Jr.) was reported; isolated trades can spook retail flows but are not long‑term fundamentals. Rep. Gilbert Ray Cisneros, Jr. Sells Advanced Micro Devices, Inc. NASDAQ: AMD Shares

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company's product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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