After AMD's Q3 report, analysts changed their price targets as sales hit $13.38 billion and earnings were $2.09 per share.

Nov 4, 2026, 7:50 AM ETResultsRead the original at Benzinga

Good for AMD

AMD beat Q3 sales and profit estimates and forecast Q4 sales above estimates. Expected gross margin falls from 56% to 55%, and analysts split on price targets, but stronger sales and demand support a positive outlook.

AMD · Advanced Micro Devices Inc.

AI read · Good for AMD

The AI's read

Data Center sales nearly doubled from a year earlier, and AMD said demand for its Instinct and EPYC chips strengthened. That supports the higher sales forecast. The expected share of sales left after product costs slips from 56% to 55%. Analysts split on price targets, with 2 cuts and 1 increase, but the sales outlook is stronger.

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