Wedbush Expects Higher Earnings for Advanced Micro Devices

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Research analysts at Wedbush increased their Q3 2026 earnings estimates for Advanced Micro Devices in a research note issued on Wednesday, November 5th. Wedbush analyst M. Bryson now forecasts that the semiconductor manufacturer will earn $1.54 per share for the quarter, up from their previous forecast of $1.43. Wedbush currently has a “Outperform” rating and a $290.00 target price on the stock. The consensus estimate for Advanced Micro Devices’ current full-year earnings is $3.87 per share. Wedbush also issued estimates for Advanced Micro Devices’ Q4 2026 earnings at $1.68 EPS.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a return on equity of 7.54% and a net margin of 9.57%.The company had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. During the same quarter last year, the business posted $0.92 earnings per share. Advanced Micro Devices’s revenue was up 35.6% compared to the same quarter last year. Advanced Micro Devices has set its Q4 2025 guidance at EPS.

A number of other analysts have also issued reports on AMD. Barclays raised their price target on Advanced Micro Devices from $200.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. KGI Securities set a $260.00 price objective on shares of Advanced Micro Devices and gave the stock an “outperform” rating in a report on Monday, October 13th. Cowen restated a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday. Dbs Bank raised shares of Advanced Micro Devices from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 6th. Finally, Rosenblatt Securities lifted their price target on shares of Advanced Micro Devices from $250.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $263.26.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $233.54 on Friday. The company has a 50-day simple moving average of $199.34 and a 200-day simple moving average of $158.35. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.49 and a quick ratio of 1.81. The company has a market cap of $379.00 billion, a PE ratio of 134.22, a price-to-earnings-growth ratio of 2.42 and a beta of 1.93. Advanced Micro Devices has a 12 month low of $76.48 and a 12 month high of $267.08.

Hedge Funds Weigh In On Advanced Micro Devices

Several large investors have recently modified their holdings of the stock. Wise Wealth Partners bought a new stake in shares of Advanced Micro Devices in the 2nd quarter valued at approximately $343,000. Waterfront Wealth Inc. bought a new stake in Advanced Micro Devices during the second quarter worth about $1,145,000. Parisi Gray Wealth Management acquired a new stake in shares of Advanced Micro Devices during the second quarter worth approximately $343,000. Cornercap Investment Counsel Inc. boosted its position in 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 valued at $1,738,000 after buying an additional 3,702 shares during the last quarter. Finally, Davis Investment Partners LLC bought a new stake in Advanced Micro Devices during the 2nd quarter worth about $736,000. Institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 2,250 shares of the stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total value of $371,272.50. Following the completion of the transaction, the executive vice president owned 311,598 shares of the company’s stock, valued at approximately $51,416,785.98. This represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Lisa T. Su sold 225,000 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the completion of the transaction, the chief executive officer directly owned 3,359,748 shares in the company, valued at approximately $550,897,879.56. The trade was a 6.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 274,118 shares of company stock valued at $46,180,719. 0.06% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.