Research Analysts Offer Predictions for AMD FY2026 Earnings

Key Points

• Northland raised its FY2026 EPS forecast for AMD to $7.18 from $5.97, above the $6.59 analyst consensus. It also projected FY2027 EPS of $16.71.
• AMD’s latest quarter beat expectations, reporting EPS of $2.09 versus $1.95 expected and revenue of $13.38 billion versus $13.10 billion; revenue grew 44.7% year over year.
• Analyst sentiment is broadly positive: MarketBeat reports a “Moderate Buy” consensus rating and an average price target of $642.47, though some analysts maintain neutral ratings.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) - Northland Securities boosted their FY2026 earnings estimates for shares of Advanced Micro Devices in a research report issued on Wednesday, November 4th. Northland Securities analyst G. Richard now expects that the semiconductor manufacturer will post earnings per share of $7.18 for the year, up from their previous forecast of $5.97. The consensus estimate for Advanced Micro Devices' current full-year earnings is $6.59 per share. Northland Securities also issued estimates for Advanced Micro Devices' Q4 2026 earnings at $2.53 EPS, Q1 2027 earnings at $3.33 EPS, Q2 2027 earnings at $4.07 EPS, Q3 2027 earnings at $4.59 EPS, Q4 2027 earnings at $4.73 EPS and FY2027 earnings at $16.71 EPS.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of Advanced Micro Devices from $550.00 to $575.00 and gave the company a "neutral" rating in a report on Wednesday, November 4th. Argus upped their price target on Advanced Micro Devices from $450.00 to $625.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Royal Bank Of Canada set a $675.00 price objective on Advanced Micro Devices in a research report on Wednesday, November 4th. Wells Fargo & Company reduced their price target on Advanced Micro Devices from $700.00 to $650.00 and set an "overweight" rating for the company in a report on Wednesday, November 4th. Finally, Susquehanna lifted their price target on Advanced Micro Devices from $620.00 to $650.00 and gave the stock a "positive" rating in a research report on Wednesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $642.47.

Advanced Micro Devices Price Performance

Shares of AMD opened at $508.58 on Tuesday. The stock has a market cap of $830.24 billion, a PE ratio of 110.56, a price-to-earnings-growth ratio of 5.01 and a beta of 2.49. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.91 and a current ratio of 2.72. Advanced Micro Devices has a fifty-two week low of $188.22 and a fifty-two week high of $658.52. The firm's 50-day simple moving average is $547.67 and its two-hundred day simple moving average is $416.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.14. Advanced Micro Devices had a net margin of 16.77% and a return on equity of 14.15%. The company had revenue of $13.38 billion during the quarter, compared to analysts' expectations of $13.10 billion. During the same period last year, the company posted $1.20 EPS. Advanced Micro Devices's revenue was up 44.7% on a year-over-year basis.

Institutional Investors Weigh In On Advanced Micro Devices

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. DecisionPoint Financial LLC raised its position in shares of Advanced Micro Devices by 79.2% during the 3rd quarter. DecisionPoint Financial LLC now owns 43 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 19 shares during the period. MJT & Associates Financial Advisory Group Inc. bought a new position in Advanced Micro Devices during the third quarter valued at approximately $29,000. JNBA Financial Advisors boosted its position 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. Graney & King LLC purchased a new position in shares of Advanced Micro Devices in the first quarter valued at $31,000. Finally, Main Street Group LTD purchased a new position in shares of Advanced Micro Devices in the first quarter valued at $33,000. Institutional investors own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In other news, SVP Ava Hahn sold 2,993 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $488.69, for a total transaction of $1,462,649.17. Following the transaction, the senior vice president directly owned 26,623 shares of the company's stock, valued at $13,010,393.87. This represents a 10.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa Su sold 25,000 shares of the firm's stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $506.79, for a total value of $12,669,750.00. Following the completion of the transaction, the chief executive officer directly owned 74,211 shares in the company, valued at $37,609,392.69. The trade was a 25.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 230,957 shares of company stock worth $114,799,511. 0.50% of the stock is owned by corporate insiders.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: Google Cloud is using AMD’s 5th Gen EPYC processors for host infrastructure supporting its TPU 8tx system. The deal expands AMD’s role in large-scale AI infrastructure, although it is a CPU infrastructure win rather than a selection of AMD’s AI accelerators. AMD announcement on Google Cloud
• Positive Sentiment: Oppenheimer upgraded AMD to Outperform and set a $600 price target, citing accelerating sales and forecasting 135% data-center revenue growth next year. The call helped bolster confidence in AMD’s AI growth outlook. CNBC report on Oppenheimer upgrade
• Positive Sentiment: Recent quarterly results provided additional support: revenue rose 45% year over year, with data-center revenue up 97%, and management expects revenue growth to accelerate. A broader technology-sector rally also helped lift sentiment. Quarterly results and outlook
• Neutral Sentiment: AMD also benefited as investors looked for alternatives amid pressure on Nvidia, though analysts noted that chipmakers could face increased scrutiny of sales practices. MarketWatch analysis
• Negative Sentiment: A reported Radeon GPU bug affecting SSD lifespan is a product concern, although it did not prevent the rally. Commentary also flagged elevated valuation and rising inventory as risks to sustaining gains. TipRanks report on Radeon GPU bug

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc (AMD) is a semiconductor company that designs processors, graphics products and adaptive computing solutions. Its products serve data center, personal computing, gaming, embedded and other markets. AMD is a fabless chip designer, relying on third-party manufacturing partners to produce its semiconductors.

The company's product portfolio includes EPYC server processors, Ryzen desktop and laptop processors, Radeon graphics products, Instinct accelerators for data center computing, and adaptive chips and systems used in embedded applications.

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