FY2027 Earnings Forecast for AMD Issued By Erste Group Bank

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Research analysts at Erste Group Bank increased their FY2027 earnings per share estimates for shares of Advanced Micro Devices in a report released on Wednesday, October 21st. Erste Group Bank analyst S. Lingnau now anticipates that the semiconductor manufacturer will post earnings per share of $15.05 for the year, up from their prior forecast of $14.80. The consensus estimate for Advanced Micro Devices’ current full-year earnings is $6.50 per share.

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 the consensus estimate of $1.62 by $0.04. Advanced Micro Devices had a return on equity of 12.30% and a net margin of 15.58%. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.31 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. Advanced Micro Devices’s revenue was up 50.1% compared to the same quarter last year.

Several other research analysts have also recently issued reports on AMD. Zacks Research cut Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $700.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, September 29th. William Blair reaffirmed a “market perform” rating on shares of Advanced Micro Devices in a research report on Friday, July 24th. BMO Capital Markets assumed coverage on shares of Advanced Micro Devices in a research note on Thursday, August 20th. They issued an “outperform” rating and a $550.00 price objective on the stock. Finally, Susquehanna raised their price objective on shares of Advanced Micro Devices from $550.00 to $620.00 and gave the stock a “positive” rating in a report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $606.76.

Advanced Micro Devices Stock Down 8.1%

Advanced Micro Devices stock opened at $507.93 on Friday. Advanced Micro Devices has a one year low of $188.22 and a one year high of $658.52. The stock has a fifty day moving average of $541.49 and a 200 day moving average of $483.21. 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 has a market cap of $829.18 billion, a PE ratio of 130.57, a price-to-earnings-growth ratio of 5.67 and a beta of 2.45.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Advanced Micro Devices by 3.1% during the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after acquiring an additional 4,535,126 shares during the period. State Street Corp lifted its holdings in Advanced Micro Devices by 2.9% during the second quarter. State Street Corp now owns 76,920,783 shares of the semiconductor manufacturer’s stock valued at $46,606,266,000 after purchasing an additional 2,149,563 shares in the last quarter. Bank of America Corp DE purchased a new position in Advanced Micro Devices during the second quarter valued at approximately $7,022,226,000. Jennison Associates LLC boosted its position in shares of Advanced Micro Devices by 5.8% in the second quarter. Jennison Associates LLC now owns 9,972,952 shares of the semiconductor manufacturer’s stock worth $5,793,388,000 after purchasing an additional 545,575 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Advanced Micro Devices by 33.9% in the second quarter. Wellington Management Group LLP now owns 9,334,396 shares of the semiconductor manufacturer’s stock worth $5,422,444,000 after purchasing an additional 2,365,419 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 70,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $506.80, for a total transaction of $35,476,000.00. Following the completion of the sale, the chief executive officer owned 3,032,156 shares of the company’s stock, valued at approximately $1,536,696,660.80. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Jean X. Hu sold 15,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $474.08, for a total value of $7,111,200.00. Following the sale, the executive vice president directly owned 160,979 shares of the company’s stock, valued at $76,316,924.32. This represents a 8.52% 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. Insiders sold 231,100 shares of company stock worth $114,867,400 in the last quarter. Company insiders own 0.50% of the company’s stock.

More Advanced Micro Devices News

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

• Positive Sentiment: An analyst upgrade helped support AMD shares, while Wedbush reaffirmed its “Outperform” rating. Susquehanna also raised its price target from $550 to $620, implying meaningful upside from recent levels. Advanced Micro Devices Stock Jumps Following Analyst Upgrade
• Positive Sentiment: AMD’s data-center business, hyperscaler relationships and exposure to server CPUs and AI accelerators remain important long-term growth catalysts. Articles also highlighted AMD’s $8.2 billion investment in emerging AI workloads, including robotics and physical-world applications. AMD’s Potential Is Underestimated
• Positive Sentiment: Exchange-traded funds purchased approximately $185.9 million of AMD shares on Tuesday, indicating continued institutional demand despite the recent volatility. ETFs Bought AMD Shares
• Neutral Sentiment: Nvidia’s entry into standalone CPUs and its Vera CPU-based systems could increase competitive pressure on AMD and Intel, particularly in agentic-AI infrastructure. Why Nvidia Is Entering the CPU Market
• Neutral Sentiment: Analyst price targets remain broadly optimistic, with a reported median near $495, but AMD’s elevated earnings multiple means the stock requires sustained high growth to justify its valuation.
• Negative Sentiment: AMD declined amid a broad semiconductor selloff driven by supply-chain warnings, softer PC-market expectations and concerns that AI infrastructure spending may not generate sufficient returns. AMD Stock Drops in Chip Sell-Off
• Negative Sentiment: Rising oil prices and inflation fears may keep interest rates higher, increasing financing costs for the large AI data-center buildout and pressuring richly valued technology stocks. Why AMD Stock Fell
• Negative Sentiment: Reported insider activity shows substantial selling and no purchases by AMD insiders over the past six months, a potential sentiment headwind. A separate report cited an unusually low $16.50 price target; this appears inconsistent with other published targets and may reflect a data or listing error.

Advanced Micro Devices Company Profile

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.