What is Erste Group Bank’s Forecast for AMD FY2026 Earnings?

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Analysts at Erste Group Bank raised their FY2026 earnings per share estimates for Advanced Micro Devices in a report released on Wednesday, July 15th. Erste Group Bank analyst S. Lingnau now expects that the semiconductor manufacturer will post earnings per share of $6.41 for the year, up from their previous estimate of $6.35. Erste Group Bank has a “Buy” rating on the stock. The consensus estimate for Advanced Micro Devices’ current full-year earnings is $6.18 per share. Erste Group Bank also issued estimates for Advanced Micro Devices’ FY2027 earnings at $12.01 EPS.

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

Several other research analysts also recently weighed in on AMD. Barclays downgraded shares of Advanced Micro Devices from an “overweight” rating to an “underweight” rating in a research report on Friday, June 12th. Wedbush upped 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. Susquehanna lifted their target price on Advanced Micro Devices from $375.00 to $450.00 and gave the company a “positive” rating in a research report on Wednesday, May 6th. HSBC lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and boosted their price target for the company from $335.00 to $340.00 in a report on Monday, May 4th. Finally, Bank of America upped their price target on Advanced Micro Devices from $550.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $468.65.

Advanced Micro Devices Stock Performance

AMD opened at $500.94 on Friday. The company’s 50 day moving average is $503.08 and its 200 day moving average is $328.48. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04. The company has a market cap of $816.83 billion, a price-to-earnings ratio of 164.24, a PEG ratio of 1.55 and a beta of 2.47. Advanced Micro Devices has a 12-month low of $149.22 and a 12-month high of $584.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Advanced Micro Devices by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer’s stock worth $33,949,256,000 after buying an additional 2,525,109 shares in the last quarter. State Street Corp grew its stake in Advanced Micro Devices by 1.5% during the fourth quarter. State Street Corp now owns 74,919,276 shares of the semiconductor manufacturer’s stock valued at $16,044,712,000 after acquiring an additional 1,094,835 shares in the last quarter. Geode Capital Management LLC increased its holdings in Advanced Micro Devices by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 37,584,845 shares of the semiconductor manufacturer’s stock valued at $8,015,897,000 after acquiring an additional 287,525 shares during the last quarter. Norges Bank bought a new stake in Advanced Micro Devices in the 4th quarter valued at $4,929,312,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Advanced Micro Devices by 0.3% in 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 in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 6,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $536.33, for a total transaction of $3,217,980.00. Following the sale, the executive vice president directly owned 1,233,687 shares of the company’s stock, valued at $661,663,348.71. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Forrest Eugene Norrod sold 19,487 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $431.40, for a total value of $8,406,691.80. Following the completion of the transaction, the executive vice president owned 324,527 shares in the company, valued at $140,000,947.80. The trade was a 5.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 341,630 shares of company stock worth $152,147,456 in the last three months. 0.50% of the stock is owned by company insiders.

Advanced Micro Devices News Summary

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

• Positive Sentiment: Several Wall Street firms remained constructive on AMD, including price-target increases from BNP Paribas, KeyBanc, Rosenblatt, UBS, and Bank of America, reflecting confidence in AMD’s long-term AI and data-center growth story.
• Positive Sentiment: AMD announced Alan Smith as its newest Corporate Fellow, a signal of continued investment in GPU architecture and AI computing expertise. Article Title
• Neutral Sentiment: Analysts and market commentators continue to debate AMD’s near-term setup, with some saying the stock is stretched after its strong rally while others argue the AI inference and server CPU markets could still support further upside.
• Neutral Sentiment: Technical analysis pieces suggest AMD may be in a pullback phase after breaking below channel support, so traders are watching key moving averages for signs of stabilization.
• Negative Sentiment: The main drag on AMD has been a sector-wide risk-off move in chip stocks as investors question the durability of the AI capex boom, which is pressuring sentiment across semiconductor names.
• Negative Sentiment: AMD also declined despite upbeat analyst commentary, showing that near-term market momentum is being outweighed by broader selling and profit-taking in AI winners.

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.