Advanced Micro Devices (NASDAQ:AMD) Trading Up 4% Following Strong Earnings

05 May 2026, 16:58 by Renee Jackson · The Cerbat Gem

Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Free Report)’s stock price was up 4% during mid-day trading on Tuesday following a stronger than expected earnings report. The stock traded as high as $359.57 and last traded at $355.26. Approximately 49,505,228 shares traded hands during trading, an increase of 28% from the average daily volume of 38,678,938 shares. The stock had previously closed at $341.54.

The semiconductor manufacturer reported $1.37 EPS for the quarter, beating the consensus estimate of $1.30 by $0.07. Advanced Micro Devices had a return on equity of 8.84% and a net margin of 12.52%.The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion.

Key Headlines Impacting Advanced Micro Devices

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

Positive Sentiment: Options and prediction markets are pricing in a bullish outcome for Q1 — heavy call/put flow and a Polymarket consensus imply traders expect an earnings beat and a sizable post-earnings move. Ahead of AMD Earnings, Here Is What Barchart Options Data Shows for AMD Stock
Positive Sentiment: AMD is deepening its AI infrastructure story — a seed investment in RadixArk and partnerships like Zyphra Cloud running on AMD Instinct MI355X GPUs extend AMD’s addressable market beyond silicon into AI platforms and inference services. These strategic moves support the bull case heading into results. AMD Seed Investment In RadixArk Adds New Angle To AI Story
Positive Sentiment: Sell-side support from some firms: Wedbush recently raised its price target (to $400), and media commentators (e.g., Jim Cramer) have signaled potential upside if AMD posts strong guidance — factors that can buoy investor sentiment ahead of the print. Advanced Micro Devices Given New $400.00 Price Target at Wedbush
Neutral Sentiment: Earnings expectations are high: consensus models point to strong YoY revenue and EPS growth driven by data-center CPU/GPU demand — the upcoming guidance will likely matter more than the quarter itself for near-term direction. AMD Likely To Report Higher Q1 Earnings; Analysts Revise Forecasts
Neutral Sentiment: Heavy options activity signals a big swing risk — implied volatility is elevated, so the stock can move sharply in either direction after the report. That’s amplifying intraday volume and price action. AMD Traders Brace for Big Swing After Earnings
Negative Sentiment: HSBC downgraded AMD to Hold, citing valuation and production limits (CoWoS packaging bottlenecks) — that downgrade and related concerns triggered selling earlier and remain a clear near-term risk if guidance suggests supply will cap growth. Advanced Micro Devices to give up gains on predictable earnings report, HSBC says
Negative Sentiment: Valuation and technical risk: commentators warn the rally has left AMD overbought and exposed to “sell-the-news” mean-reversion if forward guidance disappoints; concentrated insider selling and some large fund rebalances add to downside pressure. Advanced Micro Devices Technical: Steep Run-Up Ahead Of Earnings

Analyst Ratings Changes

Several equities analysts have recently commented on AMD shares. UBS Group set a $310.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 4th. Erste Group Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Thursday, April 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of Advanced Micro Devices in a research report on Tuesday, February 24th. Stifel Nicolaus boosted their target price on Advanced Micro Devices from $280.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, The Goldman Sachs Group boosted their target price on Advanced Micro Devices from $210.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $303.84.

Get Our Latest Stock Analysis on AMD

Insiders Place Their Bets

In other news, EVP Paul Darren Grasby sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $204.87, for a total transaction of $1,536,525.00. Following the transaction, the executive vice president owned 129,598 shares of the company’s stock, valued at approximately $26,550,742.26. This represents a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $216.81, for a total value of $4,216,954.50. Following the transaction, the executive vice president directly owned 289,098 shares in the company, valued at approximately $62,679,337.38. This represents a 6.30% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 304,672 shares of company stock worth $70,135,070. Corporate insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Twin Capital Management Inc. grew its stake in Advanced Micro Devices by 18.1% in the first quarter. Twin Capital Management Inc. now owns 21,339 shares of the semiconductor manufacturer’s stock worth $4,341,000 after purchasing an additional 3,264 shares in the last quarter. Marks Group Wealth Management Inc grew its stake in Advanced Micro Devices by 27.9% in the first quarter. Marks Group Wealth Management Inc now owns 10,099 shares of the semiconductor manufacturer’s stock worth $2,054,000 after purchasing an additional 2,205 shares in the last quarter. Midwest Professional Planners LTD. grew its stake in Advanced Micro Devices by 1.2% in the first quarter. Midwest Professional Planners LTD. now owns 25,736 shares of the semiconductor manufacturer’s stock worth $5,236,000 after purchasing an additional 316 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in Advanced Micro Devices by 10.1% in the first quarter. Illinois Municipal Retirement Fund now owns 70,438 shares of the semiconductor manufacturer’s stock worth $14,329,000 after purchasing an additional 6,472 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Advanced Micro Devices by 0.7% in the first quarter. Geneos Wealth Management Inc. now owns 14,358 shares of the semiconductor manufacturer’s stock worth $2,921,000 after purchasing an additional 98 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

The company has a market cap of $579.19 billion, a P/E ratio of 134.06, a PEG ratio of 1.30 and a beta of 2.40. The firm has a 50 day moving average of $232.51 and a 200-day moving average of $228.39. The company has a quick ratio of 2.01, a current ratio of 2.85 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices Company Profile

(Get Free Report)

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.