FY2026 EPS Estimates for AMD Raised by Northland Securities

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Equities researchers at Northland Securities raised their FY2026 earnings estimates for shares of Advanced Micro Devices in a research note issued to investors on Wednesday, August 5th. Northland Securities analyst G. Richard now anticipates that the semiconductor manufacturer will post earnings per share of $5.97 for the year, up from their prior estimate of $5.54. Northland Securities currently has a “Market Perform” rating and a $260.00 target price 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.

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

AMD has been the subject of several other research reports. Wedbush reiterated an “outperform” rating and set a $600.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, August 5th. Barclays cut Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a research note on Friday, June 12th. JPMorgan Chase & Co. upped their price objective on shares of Advanced Micro Devices from $385.00 to $550.00 and gave the company a “neutral” rating in a report on Wednesday, August 5th. Argus lifted their target price on shares of Advanced Micro Devices from $450.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Citigroup raised shares of Advanced Micro Devices from a “market perform” rating to a “buy” rating in a report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $546.87.

Advanced Micro Devices Price Performance

Shares of AMD opened at $469.56 on Tuesday. The company has a 50 day moving average of $513.75 and a two-hundred day moving average of $361.67. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03. Advanced Micro Devices has a twelve month low of $149.22 and a twelve month high of $584.73. The company has a market cap of $766.54 billion, a price-to-earnings ratio of 120.71 and a beta of 2.48.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $536.33, for a total transaction of $3,217,980.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $460.69, for a total transaction of $57,586,250.00. Following the transaction, the chief executive officer directly owned 2,896,899 shares of the company’s stock, valued at approximately $1,334,572,400.31. This trade represents a 4.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 285,934 shares of company stock valued at $130,353,006. Insiders own 0.50% of the company’s stock.

Institutional Trading of Advanced Micro Devices

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMD. Burr Financial Services LLC increased its holdings in 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 buying an additional 290 shares in the last quarter. Altman Advisors Inc. acquired a new position in shares of Advanced Micro Devices in the second quarter worth about $4,975,000. Telligent Fund LP boosted its stake in shares of Advanced Micro Devices by 25.0% during the 2nd quarter. Telligent Fund LP now owns 10,000 shares of the semiconductor manufacturer’s stock worth $5,809,000 after acquiring an additional 2,000 shares in the last quarter. August Group Capital Ltd boosted its stake 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 acquiring an additional 102 shares in the last quarter. Finally, E Fund Management Co. Ltd. boosted its stake in shares of Advanced Micro Devices by 188.6% during the 2nd quarter. E Fund Management Co. Ltd. now owns 427,038 shares of the semiconductor manufacturer’s stock worth $248,071,000 after acquiring an additional 279,077 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Key Stories Impacting Advanced Micro Devices

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.