AMD is having a moment. The stock hit a new 52-week high of $287.61 on April 22, capping a month where it gained over 41%. Year-to-date, AMD is up nearly 33%, and Wall Street is taking notice.
Advanced Micro Devices, Inc., AMD
Stifel raised its price target on AMD from $280 to $320 this week, a 14.3% increase, while keeping its “Buy” rating in place. The firm pointed to strong AI compute demand, growing ties with Meta Platforms and OpenAI, and an upcoming product cycle including the MI450/Helios data center GPU.
Bernstein also lifted its target, moving from $235 to $265, though it kept a “Market Perform” rating. Bernstein expects EPYC processor revenue to grow around 50% year-over-year in 2026 and raised its Q1 2026 revenue estimate to $9.9 billion.
Both moves come ahead of AMD’s next earnings report, scheduled for May 5.
AMD reported Q4 2025 results on February 3, 2026. Revenue came in at a record $10.3 billion, up 34% year-over-year. Non-GAAP EPS of $1.53 beat expectations and rose 40% from the same period a year earlier.
The data center segment led the way. Q4 data center revenue hit $5.4 billion, up 39% year-over-year, fueled by demand for Instinct AI accelerators and EPYC server CPUs.
For the full year 2025, AMD posted record revenue of $34.6 billion, also up 34% year-over-year. Non-GAAP EPS for the year reached $4.17, up 26%.
Operating margins improved from 11% to 17% in Q4, with non-GAAP gross margin rising to 57% from 54%.
Institutional buying has been a steady theme over the past year. Tracking data shows multiple large-volume inflow signals, which have historically preceded price gains.
AMD has logged 86 institutional outlier inflow signals since 1992, with the stock up 2,610% since the first signal. In the past year alone, inflows have been consistent, with the stock up 33% year-to-date.
One-year sales growth stands at 34.3%, while the three-year EPS growth rate is 72.5%. Analysts forecast EPS to grow 63.8% this year.
For Q1 2026, AMD guided for revenue of roughly $9.8 billion, implying 32% year-over-year growth. Non-GAAP gross margin guidance came in at 55%.
Analysts expect Q1 EPS of $1.04, up 33.3% year-over-year. For fiscal 2026, the consensus sits at $5.78 EPS, up 76.76% year-over-year.
Out of 45 analysts covering the stock, 31 rate it “Strong Buy,” two say “Moderate Buy,” and 12 maintain a “Hold.” The average price target is $290.80, with the high-end target sitting at $380.
AMD currently trades at 48.42 times forward earnings. The stock closed its most recent session up 3.65%.
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