Advanced Micro Devices stock trades 1.2 percent below its high

Advanced Micro Devices stock (NASDAQ: AMD) was trading at USD 617.12 on Nasdaq on September 24, 2026 at 10:15 a.m. ET, 1.2 percent below its 52-week high of USD 624.69. The company enters the final quarter of 2026 with record Q2 revenue and expanding AI infrastructure expectations.

Analyst targets split around USD 620

Yahoo Finance reported on September 23, 2026 that Piper Sandler initiated coverage with an Overweight rating and a USD 600 target, while Raymond James upgraded AMD to Strong Buy with a USD 641 target. Bank of America lifted its target to USD 620, citing Helios rack production and a revised USD 2 trillion AI infrastructure market.

The spread from USD 600 to USD 641 places the three cited targets on both sides of the current USD 617.12 price. That gap makes the next product ramp a more important valuation checkpoint than a single consensus number.

Q2 revenue reaches USD 11.536 billion

Advanced Micro Devices reported Q2 2026 revenue of USD 11.536 billion, up 50.1 percent from the same quarter a year earlier, according to MarketBeat. The quarter also produced adjusted EPS of USD 1.66 against a USD 1.62 consensus estimate, while data center revenue increased 107 percent to USD 6.7 billion.

The operating picture is broadening beyond one headline metric. Standardized Q2 figures show operating profit of USD 1.990 billion, net income attributable to common shareholders of USD 2.297 billion, and an operating margin of 17 percent.

Stock stays near yearly high

AMD's market capitalization stood at USD 1.006 trillion on September 24, 2026, while trading volume was 7,550,370 shares against an average volume of 25,052,446. The combination of a USD 617.12 price and a USD 624.69 yearly high leaves the stock 1.2 percent below that high, despite a daily gain of 0.41 percent.

The latest company update says Q2 2026 was a record quarter for revenue and profitability, with data center revenue more than doubling year over year as EPYC demand and Instinct deployments expanded. That operating mix gives the analyst targets a concrete test: sustained AI accelerator growth must convert into further revenue and earnings gains.