Advanced Micro Devices (NASDAQ:AMD) Announces Earnings Results, Beats Estimates By $0.14 EPS

Advanced Micro Devices (NASDAQ:AMD) released its quarterly earnings results on Tuesday. The semiconductor manufacturer reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14, FiscalAI reports. Advanced Micro Devices had a net margin of 15.58% and a return on equity of 12.30%. The company had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $13.10 billion.

Advanced Micro Devices Stock Up 3.7%

Shares of NASDAQ AMD traded up $17.06 on Tuesday, reaching $483.90. 29,259,319 shares of the company’s stock traded hands, compared to its average volume of 31,645,783. The business’s 50 day simple moving average is $548.16 and its two-hundred day simple moving average is $410.43. Advanced Micro Devices has a 12 month low of $188.22 and a 12 month high of $658.52. The company has a market cap of $789.95 billion, a price-to-earnings ratio of 124.40, a price-to-earnings-growth ratio of 5.94 and a beta of 2.45. The company has a quick ratio of 1.91, a current ratio of 2.61 and a debt-to-equity ratio of 0.03.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: A broader bounce in semiconductor stocks is supporting AMD after a sharp sector selloff. Article: AMD Advances as Chip Stocks Bounce Ahead of Earnings
• Positive Sentiment: Reports of a possible RDNA 5+ graphics architecture reaching AMD’s APUs in 2029 have added speculative product excitement, though the timeline is not confirmed. Article: AMD Stock Rallies on Reports of RDNA 5+ Hitting APUs in 2029
• Neutral Sentiment: Investors are focused on AI demand, the Helios systems ramp and fourth-quarter guidance. Options markets imply a sizable post-earnings move—about 7%—so results or outlook could quickly change sentiment. Article: AMD Expected to Move 7% Following Earnings
• Negative Sentiment: Risks remain after a steep recent selloff: investors are questioning whether AI commitments can translate into growth quickly enough, while PC-demand concerns and AMD’s rich valuation heighten the stakes for its outlook. Article: AMD Fell 16% in a Month Before Earnings

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Advanced Micro Devices from $385.00 to $550.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Cantor Fitzgerald restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Monday, October 5th. Mizuho raised their target price on Advanced Micro Devices from $580.00 to $705.00 and gave the company an “outperform” rating in a research note on Tuesday, October 6th. Weiss Ratings upgraded Advanced Micro Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Argus upped their price target on Advanced Micro Devices from $450.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $608.78.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Jean X. Hu sold 15,000 shares of Advanced Micro Devices stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $474.08, for a total transaction of $7,111,200.00. Following the completion of the transaction, the executive vice president owned 160,979 shares in the company, valued at approximately $76,316,924.32. The trade was a 8.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 25,000 shares of Advanced Micro Devices stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $506.79, for a total value of $12,669,750.00. Following the transaction, the chief executive officer owned 74,211 shares of the company’s stock, valued at $37,609,392.69. The trade was a 25.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 231,100 shares of company stock worth $114,867,400. Company insiders own 0.50% of the company’s stock.

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.