Northland Securities Has Optimistic View of AMD Q2 Earnings

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Equities researchers at Northland Securities increased their Q2 2026 EPS estimates for Advanced Micro Devices in a research note issued on Wednesday, February 4th. Northland Securities analyst G. Richard now anticipates that the semiconductor manufacturer will earn $1.30 per share for the quarter, up from their previous forecast of $1.25. The consensus estimate for Advanced Micro Devices’ current full-year earnings is $3.87 per share. Northland Securities also issued estimates for Advanced Micro Devices’ Q3 2026 earnings at $1.75 EPS, Q4 2026 earnings at $1.52 EPS, Q1 2027 earnings at $1.31 EPS, Q2 2027 earnings at $1.58 EPS, Q4 2027 earnings at $1.83 EPS and FY2027 earnings at $6.34 EPS.

Other research analysts also recently issued reports about the stock. Truist Financial set a $283.00 price objective on shares of Advanced Micro Devices in a report on Wednesday. Susquehanna reaffirmed a “positive” rating and issued a $300.00 price target on shares of Advanced Micro Devices in a report on Friday, October 31st. Loop Capital set a $290.00 price objective on Advanced Micro Devices and gave the company a “buy” rating in a research note on Wednesday, November 5th. China Renaissance began coverage on Advanced Micro Devices in a research note on Tuesday, January 13th. They issued a “buy” rating and a $291.00 target price for the company. Finally, Citigroup reaffirmed a “neutral” rating on shares of Advanced Micro Devices in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average price target of $290.11.

Advanced Micro Devices Price Performance

AMD opened at $192.50 on Friday. The firm has a 50-day moving average price of $222.11 and a 200-day moving average price of $203.86. Advanced Micro Devices has a twelve month low of $76.48 and a twelve month high of $267.08. The company has a quick ratio of 1.68, a current ratio of 2.85 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $313.40 billion, a price-to-earnings ratio of 72.64, a PEG ratio of 0.83 and a beta of 1.94.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 3rd. The semiconductor manufacturer reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.21. The business had revenue of $10.27 billion for the quarter, compared to analysts’ expectations of $9.65 billion. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The firm’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.09 EPS.

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors have recently modified their holdings of AMD. Waterfront Wealth Inc. purchased a new stake in Advanced Micro Devices in the second quarter worth about $1,145,000. Global Retirement Partners LLC bought a new stake in shares of Advanced Micro Devices in the 2nd quarter worth approximately $4,519,000. Cornercap Investment Counsel Inc. grew its stake in shares of Advanced Micro Devices by 43.3% in the 2nd quarter. Cornercap Investment Counsel Inc. now owns 12,245 shares of the semiconductor manufacturer’s stock worth $1,738,000 after buying an additional 3,702 shares during the last quarter. Swiss National Bank increased its position in Advanced Micro Devices by 7.5% during the 2nd quarter. Swiss National Bank now owns 4,917,975 shares of the semiconductor manufacturer’s stock valued at $697,861,000 after buying an additional 341,000 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in Advanced Micro Devices by 8.4% during the second quarter. New York State Common Retirement Fund now owns 2,239,239 shares of the semiconductor manufacturer’s stock valued at $317,748,000 after buying an additional 172,745 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,450 shares of the stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $229.37, for a total value of $4,461,246.50. Following the transaction, the executive vice president owned 300,348 shares of the company’s stock, valued at $68,890,820.76. This represents a 6.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $215.14, for a total transaction of $26,892,500.00. Following the sale, the chief executive officer owned 3,277,476 shares in the company, valued at approximately $705,116,186.64. This trade represents a 3.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 164,000 shares of company stock worth $36,034,173 in the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Northland Securities raised multi‑quarter and FY2027 earnings forecasts (FY2027 now $6.34 EPS), signaling bullish medium‑term expectations for AMD’s AI/data‑center roadmap. MarketBeat AMD
• Positive Sentiment: Several sell‑side analysts reaffirmed or raised price targets (Evercore to $328, KeyCorp to $300, Benchmark reiterated buy), which supports upside potential from current levels. Analysts Reset AMD Price Target
• Positive Sentiment: Institutional buyers and ARK Invest picked up shares after the drop, providing demand support from large funds that view the pullback as a buying opportunity. Cathie Wood Buys AMD
• Neutral Sentiment: Supply dynamics are mixed — reports show longer lead times for server CPUs in China, which could reflect strong demand but also create delivery issues for customers. Monitor fulfillment timing and order flow. Reuters: CPU lead times
• Neutral Sentiment: Product catalysts (MI450, Helios rack‑scale solutions) remain on the roadmap and are cited as back‑half 2026/2027 growth drivers; these are longer‑dated positives that won’t fully offset near‑term guidance concerns. MarketBeat on AMD roadmap
• Negative Sentiment: Big intraday sell‑off after Q4: despite beating revenue/EPS, Q1 guidance disappointed some investors and trading flagged that part of Q4 data‑center upside was China‑timed (one‑off MI308 revenue), raising sustainability concerns. CNBC on guidance and CEO comments
• Negative Sentiment: Market commentary warns the sell‑off reflects elevated expectations for AI revenue and a rotation out of high‑growth tech; near‑term sentiment may remain weak until clearer, repeatable AI revenue traction appears. Investopedia: Selloff explanation
• Negative Sentiment: Reports of potential GPU price hikes to align with Nvidia could pressure demand or invite competitive scrutiny; pricing moves may be viewed negatively by some customers and investors. TipRanks: GPU price reports

Advanced Micro Devices Company Profile

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.