Q3 Earnings Forecast for AMD Issued By Northland Securities

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Analysts at Northland Securities decreased their Q3 2026 earnings per share (EPS) estimates for Advanced Micro Devices in a research note issued on Wednesday, August 5th. Northland Securities analyst G. Richard now forecasts that the semiconductor manufacturer will earn $1.46 per share for the quarter, down from their prior estimate of $1.53. 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’ Q4 2026 earnings at $1.67 EPS and Q2 2027 earnings at $1.98 EPS.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, August 4th. The semiconductor manufacturer reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.31 billion. During the same quarter last year, the firm earned $0.48 EPS. The business’s quarterly revenue was up 50.1% on a year-over-year basis.

AMD has been the topic of a number of other research reports. UBS Group restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Friday, July 24th. Loop Capital raised shares of Advanced Micro Devices to a “strong-buy” rating in a research report on Tuesday, June 16th. Seaport Research Partners upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 target price for the company in a research note on Wednesday, May 6th. Melius Research set a $660.00 target price on shares of Advanced Micro Devices in a research report on Friday, July 24th. Finally, Morgan Stanley boosted their target price on shares of Advanced Micro Devices from $410.00 to $465.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 5th. Three research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $546.87.

Advanced Micro Devices Trading Down 2.9%

Shares of NASDAQ:AMD opened at $469.56 on Monday. The business’s 50-day moving average is $513.75 and its 200 day moving average is $361.67. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.61 and a quick ratio of 1.91. Advanced Micro Devices has a 1 year low of $149.22 and a 1 year high of $584.73. The firm has a market capitalization of $766.54 billion, a P/E ratio of 120.71 and a beta of 2.48.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 19,487 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $431.40, for a total value of $8,406,691.80. Following the sale, the executive vice president owned 324,527 shares in the company, valued at $140,000,947.80. This represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 2,896,899 shares in the company, valued at approximately $1,334,572,400.31. This trade represents a 4.14% 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. In the last ninety days, insiders have sold 285,934 shares of company stock valued at $130,353,006. 0.50% of the stock is owned by company insiders.

Institutional Trading of Advanced Micro Devices

Large investors have recently made changes to their positions in the business. Norges Bank purchased a new position in Advanced Micro Devices during the fourth quarter valued at approximately $4,929,312,000. Jennison Associates LLC lifted its holdings in Advanced Micro Devices by 181.6% in the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock valued at $2,336,552,000 after acquiring an additional 7,035,991 shares during the period. Cardano Risk Management B.V. purchased a new stake in Advanced Micro Devices in the 4th quarter worth approximately $1,000,783,000. BlackRock Inc. boosted its position in Advanced Micro Devices by 3.1% in the 2nd quarter. BlackRock Inc. now owns 150,301,510 shares of the semiconductor manufacturer’s stock worth $87,311,650,000 after purchasing an additional 4,535,126 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Advanced Micro Devices by 335.9% during the 3rd quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock worth $784,330,000 after purchasing an additional 3,735,807 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Advanced Micro Devices

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

• Positive Sentiment: AI inference strategy gains support: AMD’s acquisition of Taalas adds specialized inference-chip technology to its product roadmap, potentially improving performance and efficiency relative to competitors such as Nvidia and Google. Taalas Buyout Boosts AMD’s AI Inference Abilities Against NVDA & GOOGL
• Positive Sentiment: Data-center expansion remains a growth catalyst: AMD’s Instinct Coder AI software stack and broader data-center push could strengthen its ability to capture enterprise AI spending. A partnership connected to 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. What AMD’s New Instinct Coder AI Stack and Data Center Push Means For Shareholders
• Positive Sentiment: Institutional demand and analyst targets offer support: AGF Management increased its AMD position by approximately 554,000 shares, while Migdal Insurance disclosed a new position valued at about $134 million. Several analysts maintain targets above the current trading level, including a recently reported JPMorgan target of $550. AGF Management New Holdings
• Neutral Sentiment: Strong results have not eliminated execution risk: AMD exceeded second-quarter earnings and revenue expectations, with revenue rising sharply year over year. However, investors remain focused on whether AI-related growth, capital spending and free cash flow can justify current expectations.
• Negative Sentiment: Valuation is a major overhang: Commentary argues AMD is priced close to perfection, leaving limited room for weaker guidance, slower AI spending or competitive setbacks. The stock’s high earnings multiple makes it particularly sensitive to changes in sentiment. AMD: (Almost) Priced To Perfection
• Negative Sentiment: Post-earnings selling and insider activity weigh on sentiment: AMD declined despite its quarterly beat, reflecting broader skepticism about AI spending and concerns about lower free cash flow. Reports also note extensive insider selling with no disclosed open-market purchases in the past six months, while at least one investor has turned bearish. Advanced Micro Devices Reported Record Revenue. AMD Stock Sank Anyway

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.