AMD Stock Is Up 131% This Year. Here’s Where It Stands After a $1 Trillion Run

• AMD stock up 131.3% in 2026 but 20.4% below its October 6 record high after a chip-sector selloff • AMD guides Q3 revenue to $13 billion, with EPS expected to jump from $4.17 (2025) to $15.76 (2027) • A rocky start to the year included weak Q1 guidance and China sales declines, followed by two strong earnings beats AMD stock has risen 131.3% in 2026, closing at $516.79 on October 23, but sits 20.4% below its October 6 record of $649.42 after a broad chip-sector selloff unrelated to company news. The year began poorly: a February 3 earnings beat was overshadowed by weak Q1 guidance ($9.8 billion) and a forecast drop in China MI308 sales, sending shares down 17.3% in a day and eventually 27.76% below their late-2025 peak by early March. A turning point came February 24, when AMD and Meta agreed to a deal for up to 6 gigawatts of Instinct GPUs, including a warrant for up to 160 million AMD shares. Shares began climbing in April after strong TSMC results boosted sentiment, then jumped 18.61% on May 6 following a Q1 beat ($10.25 billion revenue, data center sales up 57%) and strong Q2 guidance of $11.2 billion. AMD reports Q3 results November 3, guiding for $13 billion in revenue. Analysts expect normalized EPS to climb from $4.17 in 2025 to $7.59 in 2026, $15.76 in 2027, and $22.82 in 2028 — above the $20 long-term target CEO Lisa Su said in August the company now expects to exceed.