Erste Group Bank Has Positive Outlook of AMD FY2026 Earnings

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Analysts at Erste Group Bank increased their FY2026 earnings estimates for shares of Advanced Micro Devices in a research note issued to investors on Monday, July 27th. Erste Group Bank analyst S. Lingnau now forecasts that the semiconductor manufacturer will post earnings of $6.47 per share for the year, up from their prior estimate of $6.41. Erste Group Bank currently has a “Buy” rating on the stock. The consensus estimate for Advanced Micro Devices’ current full-year earnings is $6.27 per share. Erste Group Bank also issued estimates for Advanced Micro Devices’ FY2027 earnings at $12.37 EPS.

Several other equities research analysts also recently weighed in on AMD. Stifel Nicolaus increased their price target on Advanced Micro Devices from $450.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Truist Financial set a $478.00 price objective on Advanced Micro Devices in a report on Wednesday, May 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $700.00 price objective on shares of Advanced Micro Devices in a research report on Friday, July 24th. Raymond James Financial initiated coverage on Advanced Micro Devices in a research note on Wednesday, May 6th. They issued a “market perform” rating on the stock. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $540.00 target price on shares of Advanced Micro Devices in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $528.11.

Advanced Micro Devices Stock Down 8.1%

Shares of NASDAQ:AMD opened at $454.62 on Wednesday. Advanced Micro Devices has a 1 year low of $149.22 and a 1 year high of $584.73. The business has a 50 day simple moving average of $514.89 and a two-hundred day simple moving average of $345.23. The firm has a market capitalization of $741.30 billion, a PE ratio of 149.06 and a beta of 2.47. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 1.96.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 EPS.

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors have recently made changes to their positions in the company. Regent Peak Wealth Advisors LLC grew its holdings in Advanced Micro Devices by 1.1% during the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 5,938 shares of the semiconductor manufacturer’s stock worth $3,449,000 after acquiring an additional 66 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at about $822,000. Annex Advisory Services LLC lifted its position in shares of Advanced Micro Devices by 28.3% in the 2nd quarter. Annex Advisory Services LLC now owns 1,991 shares of the semiconductor manufacturer’s stock worth $1,157,000 after purchasing an additional 439 shares during the period. Accel Wealth Management lifted its position in shares of Advanced Micro Devices by 1.4% in the 2nd quarter. Accel Wealth Management now owns 5,372 shares of the semiconductor manufacturer’s stock worth $3,121,000 after purchasing an additional 74 shares during the period. Finally, Whitener Capital Management Inc. bought a new position in shares of Advanced Micro Devices during the second quarter valued at approximately $549,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was 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 in the company, valued at $1,334,572,400.31. This trade represents a 4.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of Advanced Micro Devices stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the sale, the executive vice president directly owned 324,527 shares of the company’s stock, valued at approximately $140,000,947.80. This trade represents a 5.66% 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 310,310 shares of company stock valued at $141,185,456 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: AMD announced an infrastructure partnership with Core Scientific that provides access to up to 2.5 gigawatts of data-center capacity, including an initial 530-megawatt deployment. The 15-year agreements are designed to support deployments of AMD Instinct GPUs, EPYC CPUs and ROCm software, helping address power and data-center constraints. Core Scientific and AMD Announce Infrastructure Partnership
• Positive Sentiment: Erste Group Bank raised its AMD EPS estimates to $6.47 for fiscal 2026 and $12.37 for fiscal 2027, while maintaining a Buy rating. The forecasts are above the current-year consensus estimate of $6.27. Advanced Micro Devices analyst estimates
• Positive Sentiment: Analysts remain optimistic about AMD’s AI platform strategy following its Helios rack launch and related AI partnerships. Mizuho lifted its price target to $625, while Wedbush raised its target to $600 and retained an Outperform rating. Mizuho lifts AMD price target
• Neutral Sentiment: AMD is scheduled to report second-quarter results on Aug. 4. Options pricing implies substantial volatility around the release, with market expectations near $1.61 in EPS and $11.30 billion in revenue. AMD earnings volatility forecast
• Negative Sentiment: AMD’s high valuation—roughly 150 times trailing earnings—has made the stock vulnerable to profit-taking and disappointing guidance. Commentary has questioned whether current growth expectations are already reflected in the share price. AMD valuation analysis
• Negative Sentiment: The broader semiconductor sell-off has intensified amid concerns about China’s progress in domestic memory and lithography production, rising data-center financing costs and uncertainty over the sustainability of AI spending. AMD has declined alongside Nvidia, Micron and other chipmakers. Semiconductor sell-off report

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.