KeyCorp Has Positive Estimate for AMD Q2 Earnings

Advanced Micro Devices, Inc. (NASDAQ:AMD) – Research analysts at KeyCorp raised their Q2 2026 earnings per share estimates for shares of Advanced Micro Devices in a research note issued to investors on Monday, July 13th. KeyCorp analyst J. Vinh now anticipates that the semiconductor manufacturer will post earnings per share of $1.47 for the quarter, up from their previous estimate of $1.43. KeyCorp has a “Overweight” rating and a $725.00 price target on the stock. The consensus estimate for Advanced Micro Devices’ current full-year earnings is $6.26 per share. KeyCorp also issued estimates for Advanced Micro Devices’ Q3 2026 earnings at $1.64 EPS, Q4 2026 earnings at $2.96 EPS, FY2026 earnings at $7.28 EPS, Q2 2027 earnings at $3.71 EPS, Q3 2027 earnings at $4.50 EPS, Q4 2027 earnings at $5.44 EPS and FY2027 earnings at $16.81 EPS.

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

Several other equities analysts also recently commented on AMD. The Goldman Sachs Group upped their price target on shares of Advanced Micro Devices from $450.00 to $640.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Raymond James Financial began coverage on shares of Advanced Micro Devices in a research note on Wednesday, May 6th. They issued a “market perform” rating for the company. DA Davidson increased their target price on shares of Advanced Micro Devices from $375.00 to $425.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. William Blair initiated coverage on shares of Advanced Micro Devices in a report on Thursday, July 9th. They set a “market perform” rating on the stock. Finally, Zacks Research downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $468.65.

Advanced Micro Devices Stock Down 1.0%

AMD opened at $495.76 on Friday. The stock has a fifty day moving average of $503.89 and a 200-day moving average of $329.65. The company has a market capitalization of $808.39 billion, a P/E ratio of 162.54, a P/E/G ratio of 1.43 and a beta of 2.47. Advanced Micro Devices has a fifty-two week low of $149.22 and a fifty-two week high of $584.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.96 and a current ratio of 2.72.

Insider Buying and Selling at Advanced Micro Devices

In other news, Director Nora Denzel sold 8,626 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $522.00, for a total value of $4,502,772.00. Following the completion of the transaction, the director directly owned 87,173 shares in the company, valued at approximately $45,504,306. The trade was a 9.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $536.33, for a total transaction of $3,217,980.00. Following the completion of the transaction, the executive vice president owned 1,233,687 shares of the company’s stock, valued at $661,663,348.71. The trade was a 0.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 valued at $152,147,456 over the last three months. 0.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC lifted its stake in Advanced Micro Devices by 1.1% during the second quarter. Regent Peak Wealth Advisors LLC now owns 5,938 shares of the semiconductor manufacturer’s stock worth $3,449,000 after purchasing an additional 66 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Advanced Micro Devices in the 2nd quarter valued at $822,000. Annex Advisory Services LLC increased its stake in shares of Advanced Micro Devices by 28.3% in the 2nd quarter. Annex Advisory Services LLC now owns 1,991 shares of the semiconductor manufacturer’s stock valued at $1,157,000 after purchasing an additional 439 shares during the last quarter. Accel Wealth Management raised its holdings in shares of Advanced Micro Devices by 1.4% during the 2nd quarter. Accel Wealth Management now owns 5,372 shares of the semiconductor manufacturer’s stock worth $3,121,000 after buying an additional 74 shares in the last quarter. Finally, Whitener Capital Management Inc. acquired a new position in shares of Advanced Micro Devices during the 2nd quarter worth $549,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices News Roundup

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

• Positive Sentiment: Wall Street remains constructive on AMD, with KeyCorp reiterating an Overweight rating and a $725 price target, while other firms like Erste Group also raised forward earnings estimates. This supports the view that AMD’s longer-term AI and data-center growth story remains intact. AMD analyst and earnings estimates
• Positive Sentiment: Investors are looking ahead to AMD’s Advancing AI 2026 event next week, where analysts expect new AI products, customer wins, and potentially major partnership news. Some reports say the event could include updates that improve sentiment around AMD’s AI opportunity and competitive position versus Nvidia. AMD Advancing AI event article
• Neutral Sentiment: AMD’s recent quarter showed strong fundamentals, with revenue up 37.8% year over year to about $10.3 billion. That provides a supportive backdrop, but it has not been enough to offset the market’s current risk-off mood toward chip stocks. AMD quarterly revenue background
• Negative Sentiment: Sentiment was also hurt by a report that Chief Technology Officer Mark Papermaster sold 6,000 shares, adding to an already heavy pattern of insider selling. Over the past six months, AMD insiders have made 100 open-market sales and no purchases, which can make some investors cautious. AMD insider sale article
• Negative Sentiment: Broader market coverage described AMD as part of a semiconductor rout, with traders taking profits after a strong run in AI stocks. That rotation is the main reason AMD shares are weaker today, even though the company’s long-term AI narrative remains intact. Chipmaker rout article

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.