FY2027 Earnings Forecast for AMD Issued By Erste Group Bank

Key Points

• Erste Group Bank raised AMD’s FY2027 EPS forecast to $15.05 from $14.80, well above the current-year consensus estimate of $6.50.
• Analyst sentiment remains positive: AMD has a “Moderate Buy” consensus rating, with a consensus price target of $606.76 and several firms recently issuing targets between $620 and $660.
• AMD’s latest quarter exceeded expectations, with EPS of $1.66 and revenue of $11.54 billion, up 50.1% year over year; however, the stock’s elevated valuation and continued insider selling present potential risks.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) - Stock analysts at Erste Group Bank lifted their FY2027 EPS estimates for Advanced Micro Devices in a note issued to investors on Wednesday, October 21st. Erste Group Bank analyst S. Lingnau now forecasts that the semiconductor manufacturer will earn $15.05 per share for the year, up from their prior estimate of $14.80. The consensus estimate for Advanced Micro Devices' current full-year earnings is $6.50 per share.

AMD has been the subject of a number of other research reports. The Goldman Sachs Group lifted their price objective on Advanced Micro Devices from $450.00 to $640.00 and gave the company a "buy" rating in a research note on Monday, July 6th. Sanford C. Bernstein reissued an "outperform" rating and issued a $650.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, August 5th. Cantor Fitzgerald reissued an "overweight" rating on shares of Advanced Micro Devices in a research note on Monday, October 5th. Melius Research set a $660.00 price target on Advanced Micro Devices in a report on Friday, July 24th. Finally, Weiss Ratings raised Advanced Micro Devices from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus price target of $606.76.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $507.93 on Friday. Advanced Micro Devices has a twelve month low of $188.22 and a twelve month high of $658.52. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $829.18 billion, a P/E ratio of 130.57, a PEG ratio of 5.67 and a beta of 2.45. The stock's 50 day moving average is $541.49 and its 200 day moving average is $483.21.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The firm had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. During the same period last year, the business earned $0.48 earnings per share. The business's revenue was up 50.1% on a year-over-year basis.

Insider Activity at Advanced Micro Devices

In related news, SVP Ava Hahn sold 2,993 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total value of $1,462,649.17. Following the transaction, the senior vice president directly owned 26,623 shares of the company's stock, valued at approximately $13,010,393.87. This represents a 10.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Mark D. Papermaster sold 28,811 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $471.87, for a total value of $13,595,046.57. Following the sale, the executive vice president owned 1,261,461 shares in the company, valued at approximately $595,245,602.07. This represents a 2.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 231,100 shares of company stock valued at $114,867,400 over the last ninety days. Corporate insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. MJT & Associates Financial Advisory Group Inc. bought a new position in Advanced Micro Devices during the 3rd quarter valued at about $29,000. JNBA Financial Advisors boosted its holdings in shares of Advanced Micro Devices by 142.9% during the 2nd quarter. JNBA Financial Advisors now owns 51 shares of the semiconductor manufacturer's stock valued at $30,000 after acquiring an additional 30 shares during the last quarter. Downshift Financial LLC boosted its holdings in shares of Advanced Micro Devices by 850.0% during the 3rd quarter. Downshift Financial LLC now owns 57 shares of the semiconductor manufacturer's stock valued at $35,000 after acquiring an additional 51 shares during the last quarter. Sawyer & Company Inc bought a new stake in shares of Advanced Micro Devices in the third quarter worth approximately $37,000. Finally, Bullseye Investment Management LLC bought a new stake in shares of Advanced Micro Devices in the second quarter worth approximately $44,000. Hedge funds and other institutional investors 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: An analyst upgrade helped support AMD shares, while Wedbush reaffirmed its “Outperform” rating. Susquehanna also raised its price target from $550 to $620, implying meaningful upside from recent levels. Advanced Micro Devices Stock Jumps Following Analyst Upgrade
• Positive Sentiment: AMD’s data-center business, hyperscaler relationships and exposure to server CPUs and AI accelerators remain important long-term growth catalysts. Articles also highlighted AMD’s $8.2 billion investment in emerging AI workloads, including robotics and physical-world applications. AMD’s Potential Is Underestimated
• Positive Sentiment: Exchange-traded funds purchased approximately $185.9 million of AMD shares on Tuesday, indicating continued institutional demand despite the recent volatility. ETFs Bought AMD Shares
• Neutral Sentiment: Nvidia’s entry into standalone CPUs and its Vera CPU-based systems could increase competitive pressure on AMD and Intel, particularly in agentic-AI infrastructure. Why Nvidia Is Entering the CPU Market
• Neutral Sentiment: Analyst price targets remain broadly optimistic, with a reported median near $495, but AMD’s elevated earnings multiple means the stock requires sustained high growth to justify its valuation.
• Negative Sentiment: AMD declined amid a broad semiconductor selloff driven by supply-chain warnings, softer PC-market expectations and concerns that AI infrastructure spending may not generate sufficient returns. AMD Stock Drops in Chip Sell-Off
• Negative Sentiment: Rising oil prices and inflation fears may keep interest rates higher, increasing financing costs for the large AI data-center buildout and pressuring richly valued technology stocks. Why AMD Stock Fell
• Negative Sentiment: Reported insider activity shows substantial selling and no purchases by AMD insiders over the past six months, a potential sentiment headwind. A separate report cited an unusually low $16.50 price target; this appears inconsistent with other published targets and may reflect a data or listing error.

About Advanced Micro Devices

Advanced Micro Devices, Inc NASDAQ: AMD is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD's product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.

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