FY2026 EPS Estimates for AMD Raised by Northland Securities

Key Points

• Northland Securities raised AMD’s FY2026 EPS estimate to $5.97 from $5.54, while maintaining a “Market Perform” rating and $260 price target. Its FY2027 EPS estimate is $8.55, below the broader current-year consensus of $6.38.
• AMD’s latest quarter exceeded expectations, reporting $1.66 EPS and $11.54 billion in revenue versus estimates of $1.62 and $11.31 billion, respectively. Revenue increased 50.1% year over year.
• Analyst sentiment remains broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $546.87, although AMD’s valuation is elevated at roughly 121 times earnings and insiders have recently sold shares.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) - Equities researchers at Northland Securities increased their FY2026 earnings estimates for shares of Advanced Micro Devices in a report issued on Wednesday, August 5th. Northland Securities analyst G. Richard now anticipates that the semiconductor manufacturer will post earnings of $5.97 per share for the year, up from their previous forecast of $5.54. Northland Securities has a "Market Perform" rating and a $260.00 price objective on the stock. The consensus estimate for Advanced Micro Devices' current full-year earnings is $6.38 per share. Northland Securities also issued estimates for Advanced Micro Devices' Q1 2027 earnings at $1.58 EPS, Q3 2027 earnings at $2.35 EPS, Q4 2027 earnings at $2.64 EPS and FY2027 earnings at $8.55 EPS.

Several other equities analysts have also recently weighed in on AMD. Wolfe Research set a $450.00 price target on Advanced Micro Devices and gave the company an "outperform" rating in a report on Monday, June 15th. Sanford C. Bernstein reiterated an "outperform" rating and set a $650.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, August 5th. Melius Research set a $660.00 target price on shares of Advanced Micro Devices in a report on Friday, July 24th. Citigroup upgraded shares of Advanced Micro Devices from a "market perform" rating to a "buy" rating in a research report on Wednesday, July 22nd. Finally, HSBC downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and upped their price target for the company from $335.00 to $340.00 in a research note on Monday, May 4th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $546.87.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $469.56 on Tuesday. The business's 50-day moving average is $513.75 and its 200 day moving average is $361.67. Advanced Micro Devices has a 12 month low of $149.22 and a 12 month high of $584.73. The company has a market capitalization of $766.54 billion, a P/E ratio of 120.71 and a beta of 2.48. The company has a current ratio of 2.61, a quick ratio of 1.91 and a debt-to-equity ratio of 0.03.

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

Insider Buying and Selling

In other Advanced Micro Devices news, Director Nora Denzel sold 8,626 shares of Advanced Micro Devices stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the completion of the transaction, the director directly owned 87,173 shares of the company's stock, valued at $45,504,306. The trade was a 9.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 6,000 shares of the firm's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $536.33, for a total transaction of $3,217,980.00. Following the completion of the sale, the executive vice president owned 1,233,687 shares of the company's stock, valued at $661,663,348.71. This trade represents a 0.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 285,934 shares of company stock valued at $130,353,006 in the last three months. Corporate insiders own 0.50% of the company's stock.

Institutional Investors Weigh In On Advanced Micro Devices

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Burr Financial Services LLC boosted its holdings in shares of Advanced Micro Devices by 6.7% in the second quarter. Burr Financial Services LLC now owns 4,649 shares of the semiconductor manufacturer's stock valued at $2,701,000 after purchasing an additional 290 shares during the period. Altman Advisors Inc. bought a new stake in Advanced Micro Devices during the 2nd quarter valued at $4,975,000. Telligent Fund LP lifted its holdings in shares of Advanced Micro Devices by 25.0% in the 2nd quarter. Telligent Fund LP now owns 10,000 shares of the semiconductor manufacturer's stock worth $5,809,000 after buying an additional 2,000 shares during the period. August Group Capital Ltd grew its position in shares of Advanced Micro Devices by 7.7% during the 2nd quarter. August Group Capital Ltd now owns 1,432 shares of the semiconductor manufacturer's stock worth $832,000 after buying an additional 102 shares in the last quarter. Finally, E Fund Management Co. Ltd. raised its holdings in shares of Advanced Micro Devices by 188.6% in the second quarter. E Fund Management Co. Ltd. now owns 427,038 shares of the semiconductor manufacturer's stock valued at $248,071,000 after acquiring an additional 279,077 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Expanded local AI support: AMD added support for Meta’s Muse Glimmer 30B model, strengthening the case for Ryzen-powered PCs to run larger AI models locally and potentially increasing demand for AMD hardware. AMD Brings Meta's New AI Model to PCs
• Positive Sentiment: Taalas acquisition supports inference strategy: AMD’s purchase of AI-chip startup Taalas adds specialized inference silicon to its roadmap, aimed at improving performance and efficiency versus Nvidia and Google. The deal could help AMD address the fast-growing shift from AI training toward inference, although execution remains important. Taalas Buyout Boosts AMD's AI Inference Abilities
• Positive Sentiment: Data-center capacity expansion: AMD’s partnership with Core Scientific provides access to more than 500 megawatts of U.S. data-center capacity beginning in 2027, with potential expansion to 2.5 gigawatts. The arrangement could support future AI infrastructure deployments. Core Scientific Partnership and AMD Deal
• Positive Sentiment: Institutional buying and bullish targets: AGF Management reported more than $321 million of AMD shares added, while Migdal Insurance disclosed a new $134.2 million position. JPMorgan also raised its price target to $550 from $385, signaling continued institutional and analyst confidence. JPMorgan Raises AMD Price Target
• Neutral Sentiment: Strong results but elevated expectations: AMD’s latest quarter beat estimates, with revenue up 50.1% year over year, yet the stock sold off as investors focused on lower free cash flow and whether future AI growth can justify a roughly 121 price-to-earnings ratio. AMD Reported Record Revenue
• Negative Sentiment: Valuation and AI-spending concerns: Recent commentary argues AMD is priced close to perfection, while the broader semiconductor selloff reflected skepticism about the pace and return of AI infrastructure spending. This leaves the stock vulnerable to any growth, margin, or competitive disappointment. Why AMD Stock Tumbled in July
• Negative Sentiment: Insider selling is a cautionary signal: AMD insiders reportedly made no open-market purchases and completed 99 sales over the past six months, including substantial sales by CEO Lisa Su. While transactions may reflect compensation or diversification, the imbalance can weigh on sentiment.

About Advanced Micro Devices

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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