Advanced Micro Devices (AMD) Set to Post Earnings on Tuesday

Advanced Micro Devices (NASDAQ:AMD) is expected to be posting its Q3 2026 results after the market closes on Tuesday, November 3rd. Analysts expect the company to announce earnings of $1.94 per share and revenue of $13.08 billion for the quarter. Investors can check the company’s upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Tuesday, November 3, 2026 at 5:00 PM ET.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 EPS for the quarter, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $11.54 billion during 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 firm earned $0.48 EPS. On average, analysts expect Advanced Micro Devices to post $6.50 EPS for the current fiscal year and $14.14 EPS for the next fiscal year.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $531.28 on Tuesday. 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 company has a fifty day moving average of $542.28 and a two-hundred day moving average of $400.69. The stock has a market capitalization of $867.30 billion, a PE ratio of 136.58, a P/E/G ratio of 5.30 and a beta of 2.45. Advanced Micro Devices has a fifty-two week low of $188.22 and a fifty-two week high of $658.52.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AMD. Raymond James Financial upgraded shares of Advanced Micro Devices from an “outperform” rating to a “strong-buy” rating and lifted their target price for the company from $565.00 to $641.00 in a research report on Tuesday, August 25th. Benchmark upped their price target on shares of Advanced Micro Devices from $485.00 to $685.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. William Blair reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. BMO Capital Markets started coverage on Advanced Micro Devices in a report on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price objective on the stock. Finally, Bank of America lifted their price objective on Advanced Micro Devices from $620.00 to $720.00 and gave the stock a “buy” rating in a report on Friday, September 25th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $606.76.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Meta Platforms announced plans to raise up to $95 billion to fund AI infrastructure and related investments. AMD, Nvidia and Broadcom have expressed nonbinding interest in purchasing up to $5 billion of Meta shares collectively, highlighting AMD’s potential role as a strategic AI supplier and customer-investor. The proposed investment is not yet committed. Meta launches $95 billion stock offering plan
• Positive Sentiment: Analysts see rising demand for AI computing as a potential catalyst for AMD’s EPYC server CPU business ahead of its November 3 earnings report. Investors are watching whether data-center growth and AI-related sales can justify the stock’s elevated valuation. Wedbush sees server CPU demand as key earnings growth driver
• Positive Sentiment: AMD’s Helios rack-scale AI blueprint, which combines GPUs and CPUs, is attracting interest from Dell, Lenovo, Cisco, HPE and Supermicro. Broader system adoption could expand AMD’s inference opportunity, though the timing of revenue remains uncertain. AMD’s new AI blueprint
• Neutral Sentiment: AMD shares recently outperformed the broader market, reflecting strong AI momentum and expectations for continued earnings growth. However, investors remain focused on whether AMD can narrow Nvidia’s advantage in margins and data-center scale. Advanced Micro Devices rises higher than market
• Negative Sentiment: ARK Invest, led by Cathie Wood, trimmed its AMD position while reallocating capital toward air-taxi stocks. The sale may create modest sentiment pressure, although it represents one investor’s portfolio decision rather than a change in AMD’s fundamentals. Cathie Wood sells AMD and TSMC stocks

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 25,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $506.79, for a total transaction of $12,669,750.00. Following the completion of the sale, the chief executive officer owned 74,211 shares of the company’s stock, valued at $37,609,392.69. This represents a 25.20% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Norrod sold 17,262 shares of the stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $540.70, for a total transaction of $9,333,563.40. Following the completion of the sale, the executive vice president owned 353,317 shares of the company’s stock, valued at $191,038,501.90. This trade represents a 4.66% 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. Insiders have sold a total of 231,100 shares of company stock worth $114,867,400 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs high-performance computing, graphics and adaptive computing products. Its offerings serve data centers, personal computers, gaming systems, embedded markets and other specialized applications.

AMD’s product portfolio includes Ryzen processors for desktop and notebook computers, EPYC server processors, Radeon graphics processing units, and Instinct accelerators for artificial intelligence and high-performance computing.