What is Erste Group Bank's Estimate for AMD FY2026 Earnings?

Key Points

• Erste Group Bank analyst S. Lingnau raised AMD's FY2026 EPS forecast to $5.73 (from $5.72) and maintains a "Buy" rating, also projecting FY2027 EPS of $9.93, versus the Street's FY2026 consensus of $5.97.
• AMD reported a blowout Q1 — $1.37 EPS vs. $1.29 expected and $10.25B revenue vs. $9.90B — driven by surging data‑center (AI) sales, triggering broad analyst upgrades and large target‑price increases.
• Nonetheless, risks remain as the stock trades at an elevated valuation (P/E ~134), insiders have been selling and some high‑profile funds have trimmed positions, which could add near‑term volatility.

Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) - Research analysts at Erste Group Bank boosted their FY2026 earnings estimates for Advanced Micro Devices in a research report issued to clients and investors on Tuesday, May 5th. Erste Group Bank analyst S. Lingnau now anticipates that the semiconductor manufacturer will post earnings per share of $5.73 for the year, up from their prior forecast of $5.72. Erste Group Bank has a "Buy" rating on the stock. The consensus estimate for Advanced Micro Devices' current full-year earnings is $5.97 per share. Erste Group Bank also issued estimates for Advanced Micro Devices' FY2027 earnings at $9.93 EPS.

Several other equities analysts also recently issued reports on the stock. The Goldman Sachs Group raised shares of Advanced Micro Devices from a "neutral" rating to a "buy" rating and raised their price target for the company from $240.00 to $450.00 in a research note on Wednesday. Susquehanna lifted their target price on shares of Advanced Micro Devices from $375.00 to $450.00 and gave the stock a "positive" rating in a research note on Wednesday. Wall Street Zen upgraded shares of Advanced Micro Devices from a "hold" rating to a "buy" rating in a report on Monday, January 26th. Raymond James Financial started coverage on shares of Advanced Micro Devices in a report on Wednesday. They issued a "market perform" rating for the company. Finally, Sanford C. Bernstein upgraded shares of Advanced Micro Devices from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $265.00 to $525.00 in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have given 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 $388.84.

Advanced Micro Devices Price Performance

AMD stock opened at $408.46 on Friday. The company has a fifty day moving average price of $243.98 and a 200-day moving average price of $231.76. The company has a market capitalization of $665.93 billion, a P/E ratio of 133.92, a PEG ratio of 1.48 and a beta of 2.40. Advanced Micro Devices has a 52-week low of $101.56 and a 52-week high of $430.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 2.72.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company's revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 earnings per share.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,450 shares of Advanced Micro Devices stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $216.81, for a total transaction of $4,216,954.50. Following the completion of the transaction, the executive vice president directly owned 289,098 shares in the company, valued at $62,679,337.38. This trade represents a 6.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 7,500 shares of Advanced Micro Devices stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $204.87, for a total transaction of $1,536,525.00. Following the transaction, the executive vice president owned 129,598 shares of the company's stock, valued at $26,550,742.26. This represents a 5.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 304,672 shares of company stock valued at $70,135,070 over the last three months. Corporate insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Maimon Wealth Management LTD. boosted its holdings in Advanced Micro Devices by 24.0% during the first quarter. Maimon Wealth Management LTD. now owns 1,368 shares of the semiconductor manufacturer's stock worth $268,000 after purchasing an additional 265 shares during the last quarter. Convergence Investment Partners LLC raised its position in Advanced Micro Devices by 2,268.2% in the first quarter. Convergence Investment Partners LLC now owns 39,905 shares of the semiconductor manufacturer's stock worth $8,118,000 after acquiring an additional 38,220 shares during the period. Amova Asset Management Americas Inc. raised its position in Advanced Micro Devices by 4.4% in the first quarter. Amova Asset Management Americas Inc. now owns 1,484,939 shares of the semiconductor manufacturer's stock worth $301,769,000 after acquiring an additional 63,242 shares during the period. Legacy Wealth Managment LLC ID raised its position in Advanced Micro Devices by 31.3% in the first quarter. Legacy Wealth Managment LLC ID now owns 378 shares of the semiconductor manufacturer's stock worth $77,000 after acquiring an additional 90 shares during the period. Finally, Florida Financial Advisors LLC raised its position in Advanced Micro Devices by 22.9% in the first quarter. Florida Financial Advisors LLC now owns 12,477 shares of the semiconductor manufacturer's stock worth $2,538,000 after acquiring an additional 2,322 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

More Advanced Micro Devices News

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

• Positive Sentiment: Blowout Q1 results and bullish guidance — AMD reported stronger-than-expected Q1 revenue and EPS, with data‑center (AI) sales surging and management raising near‑term guidance, which triggered large analyst upgrades and a broad re-rating. AMD stock spikes after earnings
• Positive Sentiment: Wall Street lifts price targets and upgrades — Multiple firms (Goldman, TD Cowen, Bernstein, Wells Fargo, Rosenblatt, others) pushed price targets and ratings higher after the quarter, reinforcing momentum and institutional interest. Bernstein sets eye-popping AMD stock price target after earnings
• Positive Sentiment: Ecosystem & commercial wins — AMD announced enterprise partnerships (notably a Memorandum of Understanding with Rackspace to deliver governed AI cloud infrastructure) and is being mentioned as an alternative by infrastructure players, broadening go‑to‑market reach. Rackspace (RXT) Stock Soars 80% Following AMD Partnership for AI Cloud Infrastructure
• Positive Sentiment: Competitive momentum vs. Nvidia — Industry voices (e.g., CoreWeave CEO) flag that hyperscalers may diversify compute suppliers if incumbents can’t scale, implying share gains for AMD as customers seek alternative AI capacity. CoreWeave CEO Says Nvidia Must Expand AI Capacity Or Risk Losing Customers To AMD
• Neutral Sentiment: Industry supply and foundry trends — TSMC showed its slowest monthly revenue growth in months, a reminder that foundry capacity and component constraints could influence delivery timing even as AI demand persists. Monitor TSMC cadence for supply risks. TSMC’s Sales Grow Slowest in Months Even as AI Buildout Persists
• Neutral Sentiment: Corporate calendar item — AMD set its virtual annual meeting for May 13; management commentary could add incremental color but is routine. AMD to Host Annual Meeting of Stockholders
• Negative Sentiment: Major fund trimming — High‑profile active managers (ARK/ Cathie Wood) continued trimming AMD positions, which can increase near‑term selling pressure even as fundamentals improve. Cathie Wood Dumps Another $3 Million In AMD Stock
• Negative Sentiment: Insider selling and valuation risk — Reports show significant insider dispositions and the stock now trades at elevated multiples (high P/E) after the run; that raises the risk of profit‑taking or volatility if growth expectations slip. Quiver Quant coverage of insider activity and price drivers

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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