Q3 Earnings Forecast for AMD Issued By Northland Securities

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Stock analysts at Northland Securities decreased their Q3 2026 earnings estimates for shares of Advanced Micro Devices in a research report issued to clients and investors on Wednesday, August 5th. Northland Securities analyst G. Richard now expects that the semiconductor manufacturer will post earnings per share of $1.46 for the quarter, down from their prior estimate of $1.53. Northland Securities 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 $6.44 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.

A number of other brokerages also recently commented on AMD. Rosenblatt Securities increased their price target on Advanced Micro Devices from $665.00 to $700.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Stifel Nicolaus lifted their price objective on Advanced Micro Devices from $450.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, July 10th. William Blair reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. JPMorgan Chase & Co. increased their target price on Advanced Micro Devices from $385.00 to $550.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, DA Davidson raised their price target on shares of Advanced Micro Devices from $425.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $546.87.

Advanced Micro Devices Stock Up 1.0%

Shares of NASDAQ AMD opened at $474.32 on Monday. Advanced Micro Devices has a 1 year low of $149.22 and a 1 year high of $584.73. The firm has a market cap of $774.31 billion, a price-to-earnings ratio of 121.93 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’s 50-day simple moving average is $512.81 and its 200-day simple moving average is $363.26.

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

Hedge Funds Weigh In On Advanced Micro Devices

Several large investors have recently added to or reduced their stakes in AMD. Ieq Capital LLC boosted its holdings in Advanced Micro Devices by 15.6% in the second quarter. Ieq Capital LLC now owns 148,069 shares of the semiconductor manufacturer’s stock worth $86,015,000 after purchasing an additional 20,033 shares during the period. Burnham & Co LLC acquired a new stake in shares of Advanced Micro Devices during the second quarter worth $654,000. Callan Family Office LLC lifted its position in shares of Advanced Micro Devices by 7.0% in the 2nd quarter. Callan Family Office LLC now owns 65,046 shares of the semiconductor manufacturer’s stock worth $37,786,000 after buying an additional 4,245 shares during the last quarter. Expressive Wealth LLC lifted its position in shares of Advanced Micro Devices by 5.3% in the 2nd quarter. Expressive Wealth LLC now owns 1,779 shares of the semiconductor manufacturer’s stock worth $1,033,000 after buying an additional 89 shares during the last quarter. Finally, Gambit Capital Management LLC acquired a new position in shares of Advanced Micro Devices in the 2nd quarter valued at about $308,000. 71.34% of the stock is currently owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, Director Nora Denzel sold 8,626 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $522.00, for a total transaction of $4,502,772.00. Following the sale, the director owned 87,173 shares in the company, valued at $45,504,306. This represents a 9.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark D. Papermaster sold 6,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $536.33, for a total value of $3,217,980.00. Following the transaction, the executive vice president directly owned 1,233,687 shares in the company, valued at approximately $661,663,348.71. This represents a 0.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 160,934 shares of company stock worth $74,664,256. 0.50% of the stock is owned by corporate insiders.

Key Headlines Impacting Advanced Micro Devices

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

• Positive Sentiment: Strong quarterly results: AMD exceeded expectations for both revenue and earnings, with revenue rising 50% year over year to $11.54 billion. Data-center sales more than doubled, reinforcing demand for its AI accelerators and server processors. However, investors appeared to expect an even stronger outlook, limiting the benefit from the earnings beat. AMD vs. Sandisk: Chip Earnings Momentum Meets a Mixed Market Reaction
• Positive Sentiment: AI infrastructure catalysts: AMD’s Helios rack-scale AI systems are expected to begin ramping this quarter, while an Anthropic data-center agreement involving Riot Platforms highlights potential demand for AMD-powered infrastructure. AMD has also added support for Meta’s Muse Glimmer 30B AI model on PCs and acquired Taalas technology to strengthen its AI-inference roadmap. AMD’s Helios Launch Could Create Winners Beyond AMD Stock
• Positive Sentiment: Higher earnings expectations: Northland Securities raised its FY2026 EPS forecast to $5.97 from $5.54 and its FY2027 estimate to $8.55 from $6.95, reflecting confidence in longer-term data-center growth. The firm maintained a Market Perform rating, however, with a $260 price target. Northland Securities AMD Estimates
• Neutral Sentiment: Analyst debate remains intense: Some coverage highlights AMD as a beneficiary of the shift from AI training toward inference, while other analysts argue that its growth thesis is already reflected in the valuation and that margins could constrain further gains.
• Negative Sentiment: Valuation and margin pressure: With a valuation exceeding 120 times earnings, investors may demand continued upside surprises. Commentary warns that fast revenue growth may not translate into comparable profit growth, creating downside risk if gross margins or forward guidance disappoint. AMD Revenue Is Exploding, But Margins May Stop the Rally
• Negative Sentiment: Institutional selling: Recent 13F filings show Amundi reduced its AMD position by approximately 2.27 million shares, while ProShare Advisors cut its holding by about 577,000 shares. These filings reflect second-quarter positions rather than current trading, but they may weigh on sentiment.

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.