Q3 EPS Estimates for AMD Decreased by Northland Securities

Key Points

• Northland Securities lowered AMD’s Q3 2026 EPS estimate to $1.46 from $1.53 while maintaining a Market Perform rating and $260 price target. The firm projects $1.67 EPS for Q4 2026 and $1.98 for Q2 2027.
• AMD reported a strong second quarter, with EPS of $1.66 versus the $1.62 consensus and revenue of $11.54 billion, up 50.1% year over year. Data-center growth and raised guidance supported the company’s AI expansion case.
• Analyst sentiment remains broadly positive, with a consensus rating of Moderate Buy and an average price target of $546.87, but AMD’s elevated valuation, Nvidia competition and concerns about the pace of AI growth continue to weigh on investor enthusiasm.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) - Stock analysts at Northland Securities reduced their Q3 2026 EPS estimates for Advanced Micro Devices in a research report issued on Wednesday, August 5th. Northland Securities analyst G. Richard now anticipates that the semiconductor manufacturer will post earnings of $1.46 per share for the quarter, down from their prior estimate of $1.53. Northland Securities currently has a "Market Perform" rating and a $260.00 price target 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' Q4 2026 earnings at $1.67 EPS and Q2 2027 earnings at $1.98 EPS.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.31 billion. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%.Advanced Micro Devices's quarterly revenue was up 50.1% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share.

A number of other analysts have also recently weighed in on AMD. UBS Group reissued an "overweight" rating on shares of Advanced Micro Devices in a report on Friday, July 24th. Benchmark upped their price objective on Advanced Micro Devices from $485.00 to $685.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group raised their target price on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the stock a "buy" rating in a research note on Monday, July 6th. Argus raised their price objective on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Morgan Stanley lifted their price objective on Advanced Micro Devices from $410.00 to $465.00 and gave the company an "equal weight" rating in a report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $546.87.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $483.36 on Monday. Advanced Micro Devices has a 1 year low of $149.22 and a 1 year high of $584.73. The stock has a market cap of $789.07 billion, a P/E ratio of 124.26 and a beta of 2.48. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.91 and a current ratio of 2.61. The stock has a 50-day simple moving average of $514.56 and a 200-day simple moving average of $360.00.

Insider Activity at Advanced Micro Devices

In other news, Director Nora Denzel sold 8,626 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the transaction, the director owned 87,173 shares in the company, valued at $45,504,306. This trade represents a 9.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the business's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total transaction of $8,406,691.80. Following the sale, the executive vice president directly owned 324,527 shares in the company, valued at approximately $140,000,947.80. This represents a 5.66% 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. Over the last 90 days, insiders have sold 285,934 shares of company stock worth $130,353,006. 0.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC increased its position in shares of Advanced Micro Devices by 178.2% in the fourth quarter. Brighton Jones LLC now owns 45,956 shares of the semiconductor manufacturer's stock valued at $5,551,000 after buying an additional 29,438 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Advanced Micro Devices by 2.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,283 shares of the semiconductor manufacturer's stock valued at $1,001,000 after acquiring an additional 234 shares during the last quarter. Sivia Capital Partners LLC grew its stake in Advanced Micro Devices by 125.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,344 shares of the semiconductor manufacturer's stock valued at $758,000 after acquiring an additional 2,970 shares during the last quarter. United Bank increased its holdings in Advanced Micro Devices by 22.0% during the 2nd quarter. United Bank now owns 13,255 shares of the semiconductor manufacturer's stock valued at $1,881,000 after acquiring an additional 2,392 shares in the last quarter. Finally, Schnieders Capital Management LLC. increased its holdings in Advanced Micro Devices by 361.0% during the 2nd quarter. Schnieders Capital Management LLC. now owns 9,230 shares of the semiconductor manufacturer's stock valued at $1,310,000 after acquiring an additional 7,228 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: AMD agreed to acquire Toronto-based AI-inference chip startup Taalas for an undisclosed amount. Taalas develops specialized silicon designed to reduce computing and memory bottlenecks, and AMD plans to integrate the technology with its Instinct GPUs. The deal could improve AMD’s inference performance and strengthen its challenge to Nvidia in a rapidly expanding market. AMD deepens AI inference bet with Taalas deal as chip race heats up
• Positive Sentiment: AMD reported record second-quarter revenue of $11.54 billion, up 50.1% year over year, and adjusted earnings of $1.66 per share, exceeding consensus estimates. Data Center revenue more than doubled, while management raised its outlook, reinforcing the long-term AI growth case. AMD tops Q2 earnings estimates and provides strong outlook
• Positive Sentiment: Several analysts remain constructive: Rosenblatt raised its price target to $700 with a buy rating, while JPMorgan lifted its target to $550 but retained a neutral rating. Recent institutional filings also showed sizable increases in AMD holdings by PNC Financial and GF Fund Management. AMD analyst price-target changes
• Neutral Sentiment: Investors continue to debate whether AMD can become a major Nvidia alternative. Optimistic views point to data-center demand, AI deployments and supply leverage, but the stock’s high valuation means additional upside likely requires sustained execution and accelerating growth. This Could Be One of the Best Opportunities to Buy AMD Stock in Months
• Negative Sentiment: AMD’s results and guidance, although strong, did not clear an exceptionally high AI-growth bar. Investors wanted stronger evidence of accelerating AI revenue, higher margins and a faster path to closing Nvidia’s competitive lead. Why AMD’s solid quarterly earnings failed to impress investors
• Negative Sentiment: Near-term concerns include slowing growth in AMD’s client and gaming businesses and intensifying Nvidia competition. SpaceX’s selection of Nvidia rather than AMD for an AI-chip partnership further underscored concerns about Nvidia’s customer and ecosystem advantages. AMD stock falls after record quarter as SpaceX picks Nvidia
• Negative Sentiment: At roughly 124 times earnings, AMD leaves little room for disappointment. The combination of lofty expectations, post-earnings profit-taking and increased short interest contributed to the weaker investor reaction despite the earnings beat. AMD short volume hits a two-week high

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.

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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