What is Northland Securities’ Estimate for AMD Q2 Earnings?

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Analysts at Northland Securities lowered their Q2 2026 earnings per share estimates for Advanced Micro Devices in a research report issued to clients and investors on Wednesday, May 6th. Northland Securities analyst G. Richard now expects that the semiconductor manufacturer will earn $1.22 per share for the quarter, down from their prior estimate of $1.30. 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 $5.99 per share. Northland Securities also issued estimates for Advanced Micro Devices’ Q3 2026 earnings at $1.53 EPS, Q4 2026 earnings at $1.66 EPS, FY2026 earnings at $5.54 EPS, Q1 2027 earnings at $1.59 EPS and FY2027 earnings at $6.95 EPS.

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

Several other research analysts have also recently issued reports on AMD. Truist Financial set a $478.00 price objective on Advanced Micro Devices in a research note on Wednesday, May 6th. Wedbush increased their price objective on Advanced Micro Devices from $290.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 25th. Susquehanna increased their price objective on Advanced Micro Devices from $375.00 to $450.00 and gave the stock a “positive” rating in a research note on Wednesday, May 6th. Finally, HSBC cut Advanced Micro Devices from a “buy” rating to a “hold” rating and increased their price objective for the stock from $335.00 to $340.00 in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $391.54.

Advanced Micro Devices Trading Down 2.3%

AMD opened at $448.29 on Wednesday. Advanced Micro Devices has a one year low of $107.67 and a one year high of $469.21. The stock has a market cap of $730.98 billion, a price-to-earnings ratio of 146.98, a P/E/G ratio of 1.41 and a beta of 2.40. The stock’s 50 day moving average price is $258.93 and its 200-day moving average price is $236.36. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Advanced Micro Devices by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer’s stock worth $33,949,256,000 after acquiring an additional 2,525,109 shares during the last quarter. State Street Corp grew its position in Advanced Micro Devices by 1.5% during the 4th quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer’s stock worth $16,044,712,000 after purchasing an additional 1,094,835 shares during the period. Geode Capital Management LLC grew its position in Advanced Micro Devices by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer’s stock worth $8,015,897,000 after purchasing an additional 287,525 shares during the period. Norges Bank acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $4,929,312,000. Finally, Price T Rowe Associates Inc. MD grew its position in Advanced Micro Devices by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,325,288 shares of the semiconductor manufacturer’s stock worth $4,352,864,000 after purchasing an additional 55,969 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In related news, EVP Paul Darren Grasby sold 24,376 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the transaction, the executive vice president owned 105,222 shares in the company, valued at $46,759,604.58. This trade represents a 18.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 31,320 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $350.00, for a total value of $10,962,000.00. Following the completion of the transaction, the executive vice president owned 1,236,037 shares of the company’s stock, valued at $432,612,950. This trade represents a 2.47% 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 184,598 shares of company stock worth $49,955,566 in the last 90 days. Insiders own 0.50% of the company’s stock.

Key Stories Impacting Advanced Micro Devices

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

• Positive Sentiment: Mizuho boosted its AMD price target to $515 and said AI server demand remains a major tailwind. Mizuho Just Hiked AMD Price Target to $515: Agentic AI Server Demand Powers the Bull Case
• Positive Sentiment: Wall Street commentary remains upbeat after AMD’s strong Q1 earnings beat and rising data-center momentum, including AI deals with Meta and OpenAI. AMD MI450 AI Deals With Meta And OpenAI Test Rich Valuation
• Positive Sentiment: AMD continues to benefit from renewed investor enthusiasm for the AI chip trade, with shares near record highs and analysts arguing the CPU opportunity in AI is expanding. Intel, AMD, Qualcomm Stocks Rise as AI Chip Rally Reignites
• Neutral Sentiment: Northland Securities raised future earnings estimates for AMD but kept only a Market Perform rating and a much lower price target, reflecting ongoing debate about valuation.
• Neutral Sentiment: Multiple articles focused on AMD’s recent run-up and heavy investor attention, suggesting momentum is strong but also making the stock vulnerable to volatility.
• Negative Sentiment: Several reports said the broader semiconductor rally cooled as investors took profits after a strong move, which pressured AMD along with other chip stocks.
• Negative Sentiment: Recent insider selling, including a share sale by EVP Paul Darren Grasby, and continued selling by other AMD insiders may be adding caution after the stock’s sharp rally.

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.