74/100BAdvanced Micro Devices stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Advanced Micro Devices is 651.89, 17.9% above the current price of 553.10. Their targets range from 465.00 to 1,250.00.
Of the 37 firms that rated Advanced Micro Devices in the past 12 months, 31 rate it buy or strong buy, 6 hold and 0 sell or strong sell (each firm at its latest rating): a Strong buy consensus.
Analysts' 1-year price targets range from 465.00 to 1,250.00, with an average of 651.89.
| Buy | 31 | |
| Hold | 6 | |
| Sell | 0 |
12-month price target
| Highest target | 1,250.00 |
| Average target | 651.89 |
| Lowest target | 465.00 |
| Current price | 553.10 |
Advanced Micro Devices price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Advanced Micro Devices price target and rating?
How analysts rate Advanced Micro Devices, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
31 of 37 firms rate it buy now, against 26 of 33 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Advanced Micro Devices analyst upgrades, downgrades and price targets
The latest rating change came on 9 November 2026, when Oppenheimer upgraded Advanced Micro Devices from Perform to Outperform. Its price target is 600.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 9 Nov 2026 | Oppenheimer Rick Schafer | Upgraded · Perform → Outperform | 600.00 | — | 449.04 |
| 5 Nov 2026 | HSBC Frank Lee | — | 340.00 → 540.00 | +58.8% | 488.78 |
| 4 Nov 2026 | D.A. Davidson Gil Luria | — | 550.00 → 600.00 | +9.1% | 483.20 |
| 4 Nov 2026 | RBC Capital | Reiterated · Sector Perform | 540.00 → 675.00 | +25.0% | 483.64 |
| 4 Nov 2026 | RBC Capital Srini Pajjuri | — | 400.00 → 540.00 | +35.0% | 483.84 |
| 4 Nov 2026 | Wolfe Research Chris Caso | — | 450.00 → 650.00 | +44.4% | 485.55 |
| 4 Nov 2026 | Melius Research Ben Reitzers | — | 660.00 → 650.00 | -1.5% | 483.90 |
| 4 Nov 2026 | Wells Fargo Aaron Rakers | Reiterated · Overweight | 700.00 → 650.00 | -7.1% | 483.90 |
| 4 Nov 2026 | Raymond James Simon Leopold | — | 641.00 → 649.00 | +1.2% | 483.90 |
| 4 Nov 2026 | Mizuho Securities Vijay Rakesh | Reiterated · Outperform | 705.00 → 610.00 | -13.5% | 483.90 |
| 4 Nov 2026 | Goldman Sachs James Schneider | — | 640.00 → 675.00 | +5.5% | 483.90 |
| 4 Nov 2026 | Stifel Nicolaus Ruben Roy | Reiterated · Buy | 700.00 → 725.00 | +3.6% | 483.90 |
| 4 Nov 2026 | Truist Financial William Stein | Reiterated · Buy | 720.00 → 605.00 | -16.0% | 483.90 |
| 28 Oct 2026 | Susquehanna | Reiterated · Positive | 620.00 → 650.00 | +4.8% | 560.26 |
| 21 Oct 2026 | Susquehanna | Reiterated · Positive | 450.00 → 620.00 | +37.8% | 534.74 |
| 6 Oct 2026 | Mizuho Securities | Reiterated · Outperform | 625.00 → 705.00 | +12.8% | 631.75 |
| 5 Oct 2026 | Stifel Nicolaus | Reiterated · Buy | 635.00 → 700.00 | +10.2% | 633.91 |
| 25 Sept 2026 | Truist Financial | — | 594.00 → 720.00 | +21.2% | 629.31 |
| 9 Sept 2026 | Piper Sandler | — | 300.00 → 600.00 | +100.0% | 521.10 |
| 9 Sept 2026 | CLSA Bhavtosh Vajpayee | — | 710.00 | — | 505.74 |
| 25 Aug 2026 | Raymond James Simon Leopold | Upgraded · Outperform → Strong Buy | 377.00 → 641.00 | +70.0% | 456.75 |
| 20 Aug 2026 | BMO Capital | — | 550.00 | — | 469.46 |
| 6 Aug 2026 | Argus Research | Reiterated · Buy | 625.00 | — | 487.98 |
| 5 Aug 2026 | D.A. Davidson Gil Luria | — | 375.00 → 550.00 | +46.7% | 486.59 |
| 5 Aug 2026 | Wells Fargo | Reiterated · Overweight | 615.00 → 700.00 | +13.8% | 518.58 |
| 5 Aug 2026 | Morgan Stanley Joseph Moore | Reiterated · Equal Weight | 410.00 → 465.00 | +13.4% | 518.58 |
| 5 Aug 2026 | Bernstein Stacy Rasgon | — | 600.00 → 650.00 | +8.3% | 518.58 |
| 5 Aug 2026 | Jefferies Blayne Curtis | — | 640.00 → 650.00 | +1.6% | 518.58 |
| 5 Aug 2026 | Truist Financial William Stein | Reiterated · Buy | 478.00 → 594.00 | +24.3% | 518.58 |
| 5 Aug 2026 | KeyBanc | Reiterated · Overweight | 725.00 → 650.00 | -10.3% | 518.58 |
| 27 Jul 2026 | Mizuho Securities | Reiterated · Outperform | 615.00 → 625.00 | +1.6% | 486.98 |
| 24 Jul 2026 | Roth Capital Suji Desilva | Reiterated · Buy | 500.00 → 650.00 | +30.0% | 539.69 |
| 24 Jul 2026 | Melius Research Ben Reitzers | — | 540.00 → 660.00 | +22.2% | 539.69 |
| 24 Jul 2026 | Robert W. Baird Tristan Gerra | — | 300.00 → 1,250.00 | +316.7% | 539.69 |
| 24 Jul 2026 | UBS Timothy Arcuri | Reiterated · Buy | 700.00 → 730.00 | +4.3% | 539.69 |
| 24 Jul 2026 | Jefferies Blayne Curtis | Reiterated · Buy | 415.00 → 640.00 | +54.2% | 539.69 |
| 15 Jul 2026 | UBS Timothy Arcuri | — | 670.00 → 700.00 | +4.5% | 548.13 |
| 14 Jul 2026 | KeyBanc | Reiterated · Overweight | 530.00 → 725.00 | +36.8% | 534.39 |
| 10 Jul 2026 | Stifel Nicolaus | Reiterated · Buy | 320.00 → 635.00 | +98.4% | 546.72 |
| 6 Jul 2026 | Goldman Sachs | Reiterated · Buy | 450.00 → 640.00 | +42.2% | 517.82 |
| 30 Jun 2026 | Wells Fargo | Reiterated · Overweight | 345.00 → 615.00 | +78.3% | 539.49 |
| 29 Jun 2026 | Cantor Fitzgerald | Reiterated · Overweight | 500.00 → 700.00 | +40.0% | 521.58 |
| 24 Jun 2026 | UBS | Reiterated · Buy | 310.00 → 670.00 | +116.1% | 519.85 |
| 17 Jun 2026 | Bernstein | Reiterated · Outperform | 525.00 → 600.00 | +14.3% | 507.29 |
| 15 Jun 2026 | Wolfe Research Chris Caso | — | 300.00 → 450.00 | +50.0% | 511.57 |
| 12 Jun 2026 | Citigroup | Upgraded · Neutral → Buy | — | — | — |
| 1 Jun 2026 | Mizuho Securities | Reiterated · Outperform | 515.00 → 615.00 | +19.4% | 516.10 |
| 1 Jun 2026 | Barclays Tom O'Malley | Reiterated · Overweight | 500.00 → 665.00 | +33.0% | 516.10 |
| 19 May 2026 | Evercore ISI | Reiterated · Outperform | 358.00 → 579.00 | +61.7% | 420.99 |
| 18 May 2026 | Melius Research | Reiterated · Buy | 380.00 → 540.00 | +42.1% | 418.15 |
Advanced Micro Devices EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Advanced Micro Devices's EPS to grow 113.5% a year until 2028, faster than over the last 5 years (5.2% a year) and the last 3 years (46.7%).
Analysts expect Advanced Micro Devices's revenue to grow 57.1% a year until 2028, faster than over the last 5 years (28.8% a year) and the last 3 years (13.6%).
Revenue
EPS
Does Advanced Micro Devices beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 3.3% off the result, either way, and their revenue estimate 3.5%, over the last 12 quarters.
- EPS beats
- 83 / 133
- Revenue beats
- 80 / 117
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +3.3%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 3 Nov 2026 | 1.95 | 2.09 | +7.2% | 13.10B | 13.38B | +2.1% |
| Q2 FY2026 | 4 Aug 2026 | 1.62 | 1.66 | +2.5% | 11.31B | 11.54B | +2.0% |
| Q1 FY2026 | 5 May 2026 | 1.29 | 1.37 | +6.2% | 9.90B | 10.25B | +3.6% |
| Q4 FY2025 | 3 Feb 2026 | 1.32 | 1.53 | +15.9% | 9.67B | 10.27B | +6.2% |
| Q3 FY2025 | 4 Nov 2025 | 1.17 | 1.20 | +2.6% | 8.76B | 9.25B | +5.6% |
| Q2 FY2025 | 5 Aug 2025 | 0.48 | 0.48 | +0.3% | 7.41B | 7.69B | +3.7% |
| Q1 FY2025 | 6 May 2025 | 0.94 | 0.96 | +1.7% | 7.12B | 7.44B | +4.4% |
| Q4 FY2024 | 4 Feb 2025 | 1.08 | 1.09 | +0.9% | 7.53B | 7.66B | +1.7% |
| Q3 FY2024 | 29 Oct 2024 | 0.92 | 0.92 | -0.2% | 6.71B | 6.82B | +1.6% |
| Q2 FY2024 | 30 Jul 2024 | 0.68 | 0.69 | +1.8% | 5.73B | 5.84B | +1.9% |
| Q1 FY2024 | 30 Apr 2024 | 0.62 | 0.62 | +0.6% | 5.48B | 5.47B | -0.1% |
| Q4 FY2023 | 30 Jan 2024 | 0.77 | 0.77 | 0.0% | 5.64B | 6.17B | +9.3% |
Advanced Micro Devices stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Advanced Micro Devices's earnings grow at the 83.5% a year analysts expect to FY2028, then 15.0% a year, it would earn about 34.08 a share in FY2030. At the P/E of similar companies (Semiconductors, 11.5 to 57.5) that is 390.63 to 1,960.23 a share, or 1,303.21 at their average P/E of 38.2. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 8.04 | 92.15 | 307.44 | 462.44 |
| FY2027 | 17.65 | 202.28 | 674.83 | 1,015.04 |
| FY2028 | 25.77 | 295.37 | 985.42 | 1,482.21 |
| FY2029 (extrapolated) | 29.64 | 339.68 | 1,133.23 | 1,704.55 |
| FY2030 (extrapolated) | 34.08 | 390.63 | 1,303.21 | 1,960.23 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 15.0% a year (the analysts' growth, at most 15%). Its own P/E has been above 60, or from losses, too often in the last five years, so bear, base and bull apply the lowest, average and highest P/E of similar companies (Semiconductors: 11.5, 38.2, 57.5), those up to 60.
Is Advanced Micro Devices stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Advanced Micro Devices's P/E of 118.7 is around the middle of its 5-year range (23.2 to 1,506.3, median 107.6). It is in line with its own history. Buyers pay less for each point of growth than usual: a PEG of 1.0 on expected growth against 20.8 on its median P/E and past five years' growth. Growing 113.5% a year, Advanced Micro Devices earns a P/E of 25.0 at a PEG of 1 (at most 25): × the next twelve months' EPS of 16.46, a fair value of 411.61; the price, 553.10, is 34.4% above it. Its forward P/E, on the consensus for FY2026, is 68.8.
Fair value on growth is a P/E equal to the EPS growth analysts expect a year (a PEG of 1, at most 25) times the earnings per share of the next twelve months; the ends of the bar are a PEG of 0.75 and 1.25 (a P/E of 18.8 and 31.3). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 118.69
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 107.60
- Five-year P/E range
- 23.2 – 1,506.3
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 68.79
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 1.42
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +17.9%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 64.525 | 127.9762Price 64.53185 | +98.3% | |
| 28.410 | 56.3234Price 28.4196 | +98.2% | |
| 153.725 | 297.58169Price 153.73471 | +93.6% | |
| 243.002 | 464.71205Price 243.00627 | +91.2% | |
| 160.085 | 305.52160Price 160.09396 | +90.8% | |
| 37.565 | 71.4258Price 37.57193 | +90.1% | |
| 160.240 | 300.28225Price 160.24375 | +87.4% |
Furthest below the fair value on each stock's page, updated every day.