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Not Investment Advice

AMD

NASDAQ · USD
Advanced Micro Devices, Inc.
Technology · Semiconductors
CEO Lisa T. Su Employees 31,000 R&D / revenue 23.4%
Last price
$528.75−5.95%last session
Market cap
$863.2B
P/E (TTM)
134.2x
From 52w high
−19.7%
From 52w low
+180.9%
1-year return
+125.4%
RSI 14 · vs SMA200
37.8 · +34.1%
IS score
78.2/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)

One year, rebased to 100

AMD   SPY   XLK (sector ETF) · weekly closes
100150200250Jan 26Apr 26Jul 26Oct 26AMD 225XLK 129SPY 116

Score DNA

Each bar is a 0-100 score within the scored universe
59
Profitability
76
Growth
32
Value
100
Momentum
100
Risk (safety)
85
Quality
89
Balance sheet
73
Earnings quality

Flags

Strengths
✓ Piotroski 8+✓ Net cash✓ Congress buying
Warnings
▲ Share count rising
Observations
Moat model: Wide, Intangible AssetsPiotroski 8 / 9Altman Z 31.2Beta 2.483 of 4 smart-money sources active

Smart-money strip

Each disclosure source on its own window. Filings coinciding is not coordination.
INSForm 4 · 180 days
Insider open-market buys
0
142 open-market sales, $263.6M
Form 144 notices (12m): 37, $442.1M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
25
Last disclosed purchase 2026-09-04
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+817
998 new holders, 131 closed
4,019 filers hold 73.3% · 1,286 added, 1,475 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+283
2,188 funds adding shares
1,905 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
49.6%
20-day avg 57.6%, 50-day avg 55.1%
Latest 8.0 pp under its 20-day average · a flow, not short interest

Key financials · FY2025

USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.
Income statement
Revenue$34.6B
Revenue growth YoY+34.3%
Gross margin49.5%
Operating income$3.7B
Operating margin10.7%
Net income$4.3B
Net margin12.5%
EPS (diluted)$2.65
Cash flow
Operating cash flow$7.7B
Capital expenditure$974.0M
Free cash flow$6.7B
FCF conversion (FCF / OCF)87.4%
Stock-based compensation$1.6B
FCF less SBC$5.1B
Buybacks$1.3B
Dividends$0
Balance sheet & returns
Cash & short-term investments$10.6B
Total debt$3.8B
Net cash$6.7B
Shareholders' equity$63.0B
Goodwill & intangibles$41.8B
Debt / equity0.06
ROE (TTM)10.1%
ROIC (TTM)7.6%
Operating margin by fiscal year
22.2%FY20215.4%FY20221.8%FY20237.4%FY202410.7%FY2025
Revenue $16.4B (FY2021) to $34.6B (FY2025), a 20.5% CAGR.

Valuation

P/E (TTM)134.2x
EV / EBITDA80.5x
Price / sales20.90x
Price / FCF102.7x
FCF yield0.97%
Buyback yield0.15%
SBC / revenue4.6%
Price / book12.83x
Forward P/E FY202669.2x
Forward P/E FY202678.9x
Forward P/E FY202732.9x
Forward multiples divide today's price by Street EPS estimates. Street mean target $669.76 across 21 analysts last quarter is theirs, not ours.

AMD vs industry median

196 companies in Semiconductors
Gross margin 53.2% 45.0% Operating margin 15.7% 5.8% Net margin 15.6% 5.7% ROIC 7.6% 6.2%
AMD (TTM)Industry median Asset turnover 0.49 vs industry 0.52 · financial leverage 1.26

Earnings delivery

Next report 2026-11-03 · consensus EPS $1.94
83%
beat rate, 10 of 12 quarters
+1.7%
median EPS surprise
7
longest beat streak
+3+0+1+2-0+1+2+0+3+16+6+2
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-31 to 2026-08-04. Bars cap at ±60%.

Peers

Market-cap band, not the industry cohort above
CompanyMkt capP/EROENet marginRev growth12m return
AMD Advanced Micro Devices, Inc. $863.2B134.2x10.1%15.6%+34.3% +125.4%
MU Micron Technology, Inc. $994.3B11.7x88.3%69.5%+256.3% +333.9%
INTC Intel Corp. $475.0Bn/m-12.2%-68.4%+7.5% +143.9%
AVGO Broadcom Inc. $1.57T40.8x44.2%44.2%+48.7% −7.2%
LRCX Lam Research Corporation $330.3B45.6x65.1%33.9%+26.0% +85.7%
AMAT Applied Materials, Inc. $324.8B35.1x41.1%27.8%+7.8% —
TXN Texas Instruments Incorporat $252.5B41.8x35.2%36.2%+16.7% —
ARM Arm Holdings plc American De $243.3B234.8x13.4%20.9%+25.1% —
12-month window: SPY +15.9%, sector ETF XLK +29.0%. Past returns describe history only.

Recent 8-K filings

2026-09-28Unregistered Equity Sales
2026-08-19Officer/Director Change; Exhibits
2026-08-17Material Agreement; Financial Obligation; Exhibits
2026-08-04Earnings Release; Regulation FD; Exhibits
2026-07-01Officer/Director Change
2026-05-15Material Agreement; Termination of Agreement; Financial Obligation; Officer/Director Change; Shareholder Vote; Exhibits

Context

Shares outstanding1,632,475,033
Free float99.5%
Institutional ownership73.3%
Beta2.48
Dividend yield0.00%
Last dividend$0.01 on 1995-04-28
50 / 200-day average$536.35 / $392.68
Mega-cap Technology median P/E33.1x

Full factsheet

The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Wide).

Read it in the browser Download (PDF)

All fundamentals · 140 measures in 13 categories

Percentile = where AMD sits among 76 scored companies in Semiconductors (0 = lowest value, 100 = highest). It is a position, not a grade.
ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)

Valuation

MeasureAMDIndustry medianIndustry percentileSector median
P/E (TTM) 134.2x 45.9x
90th		 32.0x
PEG (P/E ÷ 3-yr EPS CAGR) —
Price / sales 20.9x 8.1x
87th		 3.9x
Price / book 12.8x 5.5x
77th		 4.4x
Price / tangible book 33.0x 10.3x
85th		 8.8x
Price / free cash flow 102.7x 57.4x
78th		 20.3x
Price / operating cash flow 85.6x 38.7x
83rd		 17.9x
Enterprise value $854.3B $6.8B
96th		 $5.5B
EV / sales 20.7x 8.4x
88th		 4.1x
EV / EBITDA 79.6x 28.1x
80th		 18.9x
EV / EBIT 110.9x 38.4x
89th		 26.7x
EV / free cash flow 101.7x 57.4x
80th		 21.9x
Earnings yield 0.7% 1.2%
39th		 2.0%
FCF yield 1.0% 1.4%
44th		 3.3%
Operating cash flow yield 1.2% 2.0%
36th		 4.4%
Graham number (per share) $59.61 $34.80
77th		 $28.08

Profitability (TTM)

MeasureAMDIndustry medianIndustry percentileSector median
Gross margin 53.2% 48.5%
65th		 55.7%
EBITDA margin 26.0% 18.7%
62nd		 13.7%
Operating margin 15.7% 10.1%
61st		 8.2%
EBIT margin 18.6% 12.1%
64th		 8.6%
Net margin 15.6% 9.4%
64th		 5.7%
NOPAT margin 13.4% 9.3%
61st		 7.0%
FCF margin 20.3% 12.0%
73rd		 15.0%
Operating cash flow margin 24.4% 18.3%
67th		 18.4%
R&D / revenue 22.7% 17.5%
65th		 12.9%
SG&A / revenue 11.9% 14.9%
37th		 25.6%
Stock comp / revenue 4.6% 3.9%
57th		 4.4%
Effective tax rate 14.4% 17.4%
34th		 21.0%

Returns on capital

MeasureAMDIndustry medianIndustry percentileSector median
ROE (on average equity) 10.1% 6.8%
57th		 9.4%
ROA 8.1% 4.2%
59th		 4.1%
ROIC 9.5% 7.9%
53rd		 9.0%
ROCE 10.6% 6.6%
63rd		 8.6%
Return on tangible assets 9.7% 5.7%
63rd		 5.9%
Cash ROIC (OCF / invested capital) 17.3% 14.1%
59th		 20.7%
Gross profitability (GP / assets) 26.0% 21.5%
56th		 30.0%
ROIC, 3-yr average 5.6% 6.8%
44th		 7.4%
ROIC, 5-yr average 5.1% 16.5%
29th		 7.9%
ROE, 5-yr average 4.5% 10.9%
28th		 6.9%
Incremental ROIC 39.3% 13.4%
69th		 15.3%

Growth

MeasureAMDIndustry medianIndustry percentileSector median
Revenue growth (TTM YoY) 39.5% 17.8%
77th		 14.3%
Revenue growth (QoQ) 12.5% 13.2%
44th		 6.6%
Revenue CAGR, 3 yr 23.6% 3.5%
87th		 9.6%
Revenue CAGR, 5 yr 25.4% 6.5%
83rd		 11.5%
Gross profit CAGR, 3 yr 32.0% 2.6%
92nd		 10.9%
Operating income CAGR, 3 yr —
Net income growth (TTM YoY) 127.0% 35.4%
78th		 21.6%
Net income CAGR, 3 yr —
EPS growth (TTM YoY) 123.6% 37.4%
76th		 22.3%
EPS CAGR, 3 yr —
EPS CAGR, 5 yr 6.9% 7.5%
44th		 12.0%
FCF growth (TTM YoY) 107.8% 31.5%
85th		 24.6%
FCF CAGR, 3 yr 65.1% 2.9%
95th		 19.3%
Operating cash flow CAGR, 3 yr 61.4% 4.1%
92nd		 17.9%
Book value CAGR, 3 yr 6.2% 7.2%
46th		 6.8%
Dividend CAGR, 3 yr —
Sustainable growth rate 10.1% 10.7%
48th		 14.2%

Margin history & stability

MeasureAMDIndustry medianIndustry percentileSector median
Gross margin, 3-yr average 49.5% 47.6%
58th		 53.2%
Operating margin, 3-yr average 9.0% 8.0%
52nd		 6.6%
Net margin, 3-yr average 10.3% 7.9%
58th		 5.2%
FCF margin, 3-yr average 13.3% 11.5%
58th		 12.7%
Revenue stability (0-1) 0.91 0.58
82nd		 0.87
Earnings stability (0-1) 0.14 0.36
38th		 0.45
Margin stability (0-1) 0.93 0.93
50th		 0.95

Liquidity (latest quarter)

MeasureAMDIndustry medianIndustry percentileSector median
Cash & short-term investments $13.1B $667.9M
95th		 $494.1M
Net cash (− = net debt) $8.8B $201.8M
97th		 $49.8M
Working capital $19.4B $953.3M
95th		 $391.0M
Current ratio 2.61 3.45
31st		 1.92
Quick ratio 1.91 2.56
32nd		 1.67
Cash ratio (cash + ST investments / current liabilities) 1.09 1.60
31st		 0.95
Defensive interval (days) 481 days 778 days
27th		 521 days

Leverage & solvency (latest quarter)

MeasureAMDIndustry medianIndustry percentileSector median
Total debt $4.3B $307.1M
81st		 $349.3M
Debt / equity 0.06 0.17
41st		 0.29
Net debt / equity −0.13 −0.19
57th		 −0.13
Debt / assets 5.1% 11.2%
43rd		 16.9%
Debt / capital 6.0% 14.8%
41st		 22.3%
Debt / EBITDA 0.40 1.14
34th		 1.78
Net debt / EBITDA −0.82 −0.82
49th		 −0.18
Interest coverage (EBIT / interest) 52.4x 12.4x
78th		 5.8x
Cash interest coverage 68.6x 15.4x
80th		 12.8x
Debt payback (years of OCF) 0.4 yrs 1.2 yrs
33rd		 1.6 yrs
Liabilities / assets 20.4% 30.8%
31st		 48.7%
IS credit model rating AA+ — —
Implied credit spread (bps) 65 125
0th		 175

Efficiency

MeasureAMDIndustry medianIndustry percentileSector median
Asset turnover 0.52 0.52
51st		 0.62
Fixed asset turnover 12.01 4.69
92nd		 9.25
Inventory turnover 2.6 2.7
44th		 3.8
Receivables turnover 6.7 6.3
55th		 6.2
Days sales outstanding 55 days 58 days
45th		 59 days
Days inventory outstanding 143 days 137 days
56th		 94 days
Days payables outstanding 80 days 50 days
85th		 46 days
Cash conversion cycle (days) 118 days 129 days
40th		 50 days
Capex / revenue 4.1% 4.5%
38th		 2.3%
Capex / depreciation 0.55 0.94
26th		 0.56
Operating expense ratio 36.5% 32.6%
61st		 44.3%

Cash flow & earnings quality

MeasureAMDIndustry medianIndustry percentileSector median
Operating cash flow / net income 1.57 1.34
60th		 1.61
FCF / net income 1.31 0.88
75th		 1.33
FCF / operating cash flow 83.4% 75.0%
65th		 88.0%
Capex / operating cash flow 16.6% 25.0%
35th		 12.0%
Accruals ratio -4.6% -4.4%
48th		 -6.3%
Sloan accruals ratio 2.2% 2.2%
51st		 -1.8%
Earnings quality score (0-1) 1.00 0.75
77th		 0.75

Dividends & buybacks

MeasureAMDIndustry medianIndustry percentileSector median
Dividend yield 0.0% 0.0%
0th		 0.0%
Dividend per share (TTM) $0.00 $0.00
0th		 $0.00
Payout ratio (dividends / net income) 0.0% 5.0%
0th		 0.0%
Dividends / FCF 0.0% 0.0%
0th		 0.0%
Dividend growth (YoY) —
Buyback yield 0.1% 0.1%
47th		 1.2%
Shareholder yield (dividends + buybacks) 0.1% 0.3%
35th		 1.7%
Share count change (YoY) 1.5% 1.6%
48th		 0.1%
Buybacks, last 5 years $6.7B $67.3M
89th		 $215.3M

Scores & forensic checks

MeasureAMDIndustry medianIndustry percentileSector median
IS score 78 59
87th		 56
IS profitability 59 43
64th		 40
IS growth 76 69
68th		 65
IS value 32 36
25th		 39
IS momentum 100 79
95th		 78
IS risk (safety) 100 100
12th		 100
IS quality 85 70
85th		 67
IS balance sheet 89 84
65th		 72
IS earnings quality 73 65
84th		 61
IS cash flow 88 58
92nd		 66
Piotroski F-score (0-9) 8 6
91st		 6
Altman Z-score 31.2 12.3
85th		 4.0
Beneish M-score −2.50 −2.45
44th		 −2.58
Ohlson O-score −12.08 −9.33
12th		 −8.00
IS credit score 93 78
91st		 69

Per share

MeasureAMDIndustry medianIndustry percentileSector median
EPS, diluted (TTM) $3.89 $1.49
80th		 $0.84
Book value per share $40.62 $17.90
85th		 $9.77
Tangible book per share $16.01 $11.01
68th		 $3.22
Revenue per share $24.96 $13.47
72nd		 $13.00
FCF per share $5.08 $1.50
83rd		 $1.78
Operating cash flow per share $6.09 $2.35
83rd		 $2.40
Cash per share $7.92 $6.31
63rd		 $4.50

Size (TTM)

MeasureAMDIndustry medianIndustry percentileSector median
Market cap $863.2B $6.8B
96th		 $4.7B
Revenue $41.3B $1.1B
93rd		 $1.2B
EBITDA $10.7B $207.9M
93rd		 $185.8M
Net income $6.4B $119.3M
92nd		 $84.9M
Free cash flow $8.4B $114.6M
95th		 $170.6M
Total assets $84.5B $2.3B
95th		 $2.4B
Shareholders' equity $67.2B $1.4B
95th		 $1.1B
Employees 31,000 2,286
87th		 3,000

Insider transactions, last 6 months

Form 4 · most recent 12
DateInsiderTypeSharesPriceValueOwned after
2026-09-15Norrod Forrest Eugene
EVP & GM DSG
 Open-market sale 757$498.30$377,213379,821
2026-09-15Norrod Forrest Eugene
EVP & GM DSG
 Open-market sale 100$498.98$49,898379,721
2026-09-15Norrod Forrest Eugene
EVP & GM DSG
 Open-market sale 1,017$500.67$509,181378,704
2026-09-15Norrod Forrest Eugene
EVP & GM DSG
 Open-market sale 1,655$501.70$830,314377,049
2026-09-15Norrod Forrest Eugene
EVP & GM DSG
 Open-market sale 5,878$502.45$3.0M371,171
2026-09-15Norrod Forrest Eugene
EVP & GM DSG
 Open-market sale 4,604$504.00$2.3M366,567
2026-09-15Norrod Forrest Eugene
EVP & GM DSG
 Open-market sale 2,225$505.12$1.1M364,342
2026-09-15Norrod Forrest Eugene
EVP & GM DSG
 Open-market sale 726$505.90$367,283363,616
2026-09-15Norrod Forrest Eugene
EVP & GM DSG
 Open-market sale 299$506.88$151,557363,317
2026-09-10Su Lisa T
Director, Chair, President & CEO
 Open-market sale 5,896$503.74$3.0M3,096,260
2026-09-10Su Lisa T
Director, Chair, President & CEO
 Open-market sale 13,123$504.75$6.6M3,083,137
2026-09-10Su Lisa T
Director, Chair, President & CEO
 Open-market sale 12,982$505.63$6.6M3,070,155

Shares acquired vs disposed, by month

acquired disposed · all Form 4 types
MarAprMayJunJulAugSep

By transaction type, 6 months

TypeDirectionFilingsSharesValue
Award / grantAcquired26180,011—
GiftDisposed6122,402—
Open-market saleDisposed142567,468$263.6M
Option exerciseDisposed37995,742$509,100
Option exerciseAcquired21995,742$509,100
Tax withholdingDisposed24392,907$201.5M
—Disposed20—
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.

Form 144 notices

12 months: 37 notices · 1,189,620 shares · $442.1M
FiledFilerShares proposedEst. proceeds
2026-10-15Forrest E Norrod17,262$9.3M
2026-09-15Forrest E Norrod17,261$8.7M
2026-09-10Lisa Su70,000$36.5M
2026-09-10Lisa Su And Daniel Lin Family Trust25,000$13.0M
A Form 144 is notice of a proposed sale, not a confirmed one.

Congress trades

12 months: House 56 trades (39 purchases) · Senate 0 (0 purchases)
TradedMemberChamberTypeAmountDisclosed
2026-09-04Ro KhannaHousePurchase$1,001 - $15,0002026-10-09
2026-08-18Gilbert CisnerosHouseSale$1,001 - $15,0002026-09-11
2026-07-17Gilbert CisnerosHousePurchase$1,001 - $15,0002026-09-07
2026-07-17Gilbert CisnerosHousePurchase$1,001 - $15,0002026-09-07
2025-08-07John BoozmanSenatePurchase$1,001 - $15,0002025-09-13
2025-08-07John BoozmanSenatePurchase$1,001 - $15,0002025-09-12
2025-08-07John BoozmanSenatePurchase$1,001 - $15,0002025-09-12
2025-08-07John BoozmanSenatePurchase$1,001 - $15,0002025-09-11
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.

Largest 13F holders

Quarter to 2026-06-30, the latest most managers have filed
ManagerSharesValue% of shares out
BlackRock, Inc.150,301,510$87.3B9.21%
VANGUARD CAPITAL MANAGEMENT LLC106,500,177$61.9B6.52%
STATE STREET CORP74,361,687$43.2B4.56%
Invesco Ltd.53,171,203$30.9B3.26%
GEODE CAPITAL MANAGEMENT, LLC39,568,601$22.9B2.42%
VANGUARD PORTFOLIO MANAGEMENT LLC37,929,920$22.0B2.32%
PRICE T ROWE ASSOCIATES INC /MD/35,938,258$20.9B2.20%
JPMORGAN CHASE & CO31,668,321$17.1B1.94%
FMR LLC25,558,552$14.8B1.57%
NORGES BANK23,361,170$13.6B1.43%
MORGAN STANLEY22,861,247$13.3B1.40%
GOLDMAN SACHS GROUP INC14,755,674$8.6B0.90%
NORTHERN TRUST CORP12,920,818$7.5B0.79%
BANK OF AMERICA CORP /DE/12,088,320$7.0B0.74%
CHARLES SCHWAB INVESTMENT MANAGEMENT INC12,016,319$7.0B0.74%

Institutional ownership by quarter

2023-092026-0673.3%
% of shares held by 13F filers
2023-092026-064,019
Number of 13F filers holding

Holder changes by quarter

QuarterHoldersOwnershipNewIncreasedReducedClosed
2026-06-304,01973.3%9981,2861,475131
2026-03-313,20266.7%3061,4761,079204
2025-12-313,15068.7%6601,1201,108133
2025-09-302,68563.3%3501,184873155
2025-06-302,54564.6%408994895164
2025-03-312,32863.2%210984904326
2024-12-312,48965.2%344935979349
2024-09-302,54066.6%2421,256771169
2024-06-302,48967.5%2081,211808237
2024-03-312,55567.6%4031,027890127
2023-12-312,31570.0%475869735115
2023-09-301,99067.6%190884659193

Schedule 13D / 13G filers

FiledFormFiler% of classShares
2026-04-29SCHEDULE 13GVanguard Capital Management7.5%122,092,206
2026-03-26SCHEDULE 13G/AThe Vanguard Group0.0%0
Required above 5% of a class; 13G is the passive form.

ETFs with the largest holding

ETFWeight in fundHolding value
VITSX1.36%$31.7B
VTSAX1.36%$31.7B
VSMPX1.36%$31.7B
VTI1.36%$31.7B
VFFSX1.52%$26.2B
VOO1.52%$26.2B

Share structure

Shares outstanding1,632,475,033
Float1,623,529,079
Free float99.5%

Income statement

Fiscal years, USD
FY2021FY2022FY2023FY2024FY2025
Revenue$16.4B$23.6B$22.7B$25.8B$34.6B
Cost of revenue$8.5B$13.0B$12.2B$13.1B$17.5B
Gross profit$7.9B$10.6B$10.5B$12.7B$17.2B
R&D$2.8B$5.0B$5.9B$6.5B$8.1B
SG&A$1.4B$2.3B$2.4B$2.8B$4.1B
Operating income$3.6B$1.3B$401.0M$1.9B$3.7B
EBITDA$4.2B$5.5B$4.1B$5.3B$7.3B
Pretax income$3.7B$1.2B$508.0M$2.0B$4.2B
Income tax$513.0M−$122.0M−$346.0M$381.0M−$103.0M
Net income$3.2B$1.3B$854.0M$1.6B$4.3B
EPS, diluted$2.57$0.84$0.53$1.00$2.65
Diluted shares1.2B1.6B1.6B1.6B1.6B

Balance sheet

FY2021FY2022FY2023FY2024FY2025
Cash & short-term investments$3.6B$5.9B$5.8B$5.1B$10.6B
Receivables$2.7B$4.1B$5.4B$6.9B$6.3B
Inventory$2.0B$3.8B$4.4B$5.7B$7.9B
Total current assets$8.6B$15.0B$16.8B$19.0B$26.9B
PP&E, net$1.1B$2.0B$2.2B$2.4B$2.3B
Goodwill & intangibles$612.0M$48.3B$45.6B$43.8B$41.8B
Total assets$12.4B$67.6B$67.9B$69.2B$76.9B
Accounts payable$1.3B$2.5B$2.1B$2.0B$2.9B
Total current liabilities$4.2B$6.4B$6.7B$7.3B$9.5B
Long-term debt$1.0M$2.5B$1.7B$1.7B$3.0B
Total liabilities$4.9B$12.8B$12.0B$11.7B$13.9B
Shareholders' equity$7.5B$54.8B$55.9B$57.6B$63.0B

Cash flow statement

Outflows are negative
FY2021FY2022FY2023FY2024FY2025
Net income$3.2B$1.3B$854.0M$1.6B$4.3B
Depreciation & amortization$463.0M$4.3B$3.6B$3.2B$3.0B
Stock-based compensation$379.0M$1.1B$1.4B$1.4B$1.6B
Change in working capital−$774.0M−$1.8B−$3.0B−$2.1B−$2.4B
Operating cash flow$3.5B$3.6B$1.7B$3.0B$7.7B
Capital expenditure−$301.0M−$450.0M−$546.0M−$636.0M−$974.0M
Free cash flow$3.2B$3.1B$1.1B$2.4B$6.7B
Investing cash flow−$686.0M$2.0B−$1.4B−$1.1B−$5.5B
Net debt issued / repaid$0$679.0M$0−$750.0M$1.5B
Buybacks−$2.0B−$4.1B−$1.4B−$1.6B−$1.3B
Dividends paid$0$0$0$0$0

Ratio history

Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end
FY2021FY2022FY2023FY2024FY2025
Gross margin48.2%44.9%46.1%49.4%49.5%
Operating margin22.2%5.4%1.8%7.4%10.7%
Net margin19.2%5.6%3.8%6.4%12.5%
FCF margin19.6%13.2%4.9%9.3%19.4%
ROE47.4%4.2%1.5%2.9%7.2%
ROIC69.0%2.7%1.3%2.8%6.7%
ROA29.6%3.3%1.3%2.4%5.9%
Debt / equity0.090.050.050.040.07
Interest coverage108.9x14.5x5.6x22.6x32.7x
Current ratio2.022.362.512.622.85
Revenue growth+68.3%+43.6%−3.9%+13.7%+34.3%
EPS growth+27.4%−68.5%−35.7%+91.4%+161.8%
P/E at year end56.5x79.4x281.0x124.7x81.8x
EV / EBITDA at year end42.2x18.4x57.2x38.3x47.8x
FCF yield at year end1.80%2.97%0.47%1.18%1.90%
Dividend payout0.0%0.0%0.0%0.0%0.0%

Revenue by segment

FY2021FY2022FY2023FY2024FY2025
Data Center—$6.0B$6.5B$12.6B$16.6B
Client and Gaming————$14.6B
Client—$6.2B$4.7B$7.1B$10.6B
Computing and Graphics$9.3B————
Graphics and Visual Solutions$7.1B————
Gaming—$6.8B$6.2B$2.6B$3.9B
Embedded—$4.6B$5.3B$3.6B$3.5B

Revenue by region · FY2025

UNITED STATES$11.4B · 33%
CHINA$7.8B · 22%
Other Countries$6.1B · 17%
TAIWAN, PROVINCE OF CHINA$5.2B · 15%
SINGAPORE$4.3B · 12%

Street estimates by fiscal year

Next report 2026-11-03 · consensus EPS $1.94 · these are analysts' numbers, not ours
Fiscal yearRevenue (mean)Revenue rangeEPS (mean)EPS rangeAnalystsP/E on mean EPS
2026$51.3B$48.3B – $52.2B$7.64$7.12 – $8.143169.2x
2026$45.6B$41.9B – $51.0B$6.70$5.90 – $8.353078.9x
2027$90.3B$76.1B – $102.2B$16.07$10.33 – $18.293232.9x

Reported vs expected, every quarter on file

ReportedEPS expectedEPS actualEPS surpriseRevenue expectedRevenue actualRevenue surprise
2026-08-04$1.62$1.66+2.5%$11.3B$11.5B+2.0%
2026-05-05$1.29$1.37+6.2%$9.9B$10.3B+3.6%
2026-02-03$1.32$1.53+15.9%$9.7B$10.3B+6.2%
2025-11-04$1.17$1.20+2.6%$8.8B$9.2B+5.6%
2025-08-05$0.48$0.48+0.3%$7.4B$7.7B+3.7%
2025-05-06$0.94$0.96+1.7%$7.1B$7.4B+4.4%
2025-02-04$1.08$1.09+0.9%$7.5B$7.7B+1.7%
2024-10-29$0.92$0.92−0.2%$6.7B$6.8B+1.6%
2024-07-30$0.68$0.69+1.8%$5.7B$5.8B+1.9%
2024-04-30$0.62$0.62+0.6%$5.5B$5.5B−0.1%
2024-01-30$0.77$0.770.0%$5.6B$6.2B+9.3%
2023-10-31$0.68$0.70+2.9%$5.4B$5.8B+8.0%
2023-08-01$0.57$0.58+1.8%$5.3B$5.4B+0.9%
2023-05-02$0.56$0.60+7.1%$5.3B$5.4B+1.0%
2023-01-31$0.66$0.69+4.5%$5.5B$5.6B+1.6%
2022-11-01$0.67$0.670.0%$5.7B$5.6B−1.5%
2022-08-02$1.03$1.05+1.9%$6.5B$6.5B+0.3%
2022-05-03$0.91$1.13+24.2%$5.0B$5.9B+17.6%
2022-02-01$0.76$0.92+21.1%$4.5B$4.8B+6.7%
2021-10-26$0.67$0.73+9.0%$4.1B$4.3B+5.0%
2021-07-27$0.54$0.63+16.7%$4.1B$3.9B−6.4%
2021-04-27$0.44$0.52+18.2%$3.2B$3.4B+7.5%
2021-01-26$0.47$0.52+10.6%$3.0B$3.2B+7.5%
2020-10-27$0.36$0.41+13.9%$2.5B$2.8B+13.9%

Off-exchange (dark pool) volume, weekly

FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)
8.606-1511.206-2210.506-2911.007-0610.707-1311.707-2014.807-2713.408-038.908-107.708-176.208-246.108-31
Week ofNotionalSharesTrades
2026-08-31$6.1B13,105,470294,985
2026-08-24$6.2B13,146,148320,220
2026-08-17$7.7B15,991,753376,360
2026-08-10$8.9B18,224,119383,541
2026-08-03$13.4B27,336,459593,719
2026-07-27$14.8B31,376,969622,958

Short-sale share of off-exchange volume

daily 20-day average
07-2310-1549.6%
DateShort shareShort volumeTotal volume
2026-10-1549.6%6,943,73613,985,542
2026-10-1454.3%5,304,0049,767,242
2026-10-1358.8%5,271,1508,971,534
2026-10-1252.1%4,055,1037,783,652
2026-10-0955.3%3,911,8597,076,190
2026-10-0862.2%6,783,00810,905,160
2026-10-0764.1%5,436,5258,478,787
2026-10-0660.2%7,228,32411,998,696
2026-10-0562.7%3,744,3355,969,030
2026-10-0261.1%5,534,8289,064,647
A daily flow measure from FINRA, not short interest.

Seasonality

Average return by calendar month
-0.8Jan+0.3Feb+2.7Mar+1.4Apr+6.7May-0.7Jun+2.8Jul+3.8Aug-1.2Sep-3.2Oct+7.0Nov+3.1Dec
MonthAvg returnUp yearsYears
Jan−0.8%40%20
Feb+0.3%40%20
Mar+2.7%43%21
Apr+1.4%50%20
May+6.7%65%20
Jun−0.7%45%20
Jul+2.8%45%20
Aug+3.8%50%20
Sep−1.2%40%20
Oct−3.2%35%20
Nov+7.0%70%20
Dec+3.1%45%20
History, not a forecast.

Indicators

as of 2026-10-16
RSI 1437.8
MFI29.9
ADX22.2
Stochastic %K / %D10.2 / 17.1
Williams %R-98.5
CCI-251
TSI / signal8.7 / 23.8
Chaikin money flow0.20
ATR$27.27
Bollinger width18.4%
Volume vs 20-day avg1.06x
SupertrendDown

Moving averages and bands

level (price vs level)
SMA 20$610.40 (−13.4%)
SMA 50$537.14 (−1.6%)
SMA 200$394.25 (+34.1%)
EMA 21$585.17 (−9.6%)
EMA 50$554.80 (−4.7%)
EMA 200$426.82 (+23.9%)
Bollinger upper$666.56 (−20.7%)
Bollinger lower$554.24 (−4.6%)
Parabolic SAR$631.69 (−16.3%)
Open the live chart, 110+ indicators

About Advanced Micro Devices, Inc.

Advanced Micro Devices, Inc. (AMD), established in 1969 and headquartered in Santa Clara, California, operates as a global leader in the semiconductor industry. The company organizes its extensive operations into two primary segments: Computing and Graphics, and Enterprise, Embedded and Semi-Custom. In its Computing and Graphics division, AMD develops a range of products including x86 microprocessors (often as accelerated processing units), chipsets, and various graphics processing units (GPUs), encompassing discrete, integrated, data center, and professional variants, alongside providing development services. The Enterprise, Embedded and Semi-Custom segment focuses on server and embedded processors, bespoke System-on-Chip (SoC) products, and foundational technology for popular game consoles, also offering associated development support. AMD's diverse product lineup features processors for desktop and notebook personal computers under well-known brands such as AMD Ryzen, Ryzen PRO, Ryzen Threadripper, Threadripper PRO, AMD Athlon, Athlon PRO, AMD FX, AMD A-Series, and PRO A-Series. Discrete GPUs for these PCs are offered through the AMD Radeon graphics and AMD Embedded Radeon graphics brands, while professional graphics solutions include AMD Radeon Pro and AMD FirePro. Furthermore, the company provides high-performance accelerators for servers, including Radeon Instinct, Radeon PRO V-series, and AMD Instinct, along with AMD EPYC microprocessors designed for server environments. Its embedded processor solutions span multiple brands, such as AMD Athlon, AMD Geode, AMD Ryzen, AMD EPYC, AMD R-Series, and G-Series. AMD also produces chipsets under its own trademark and crafts customer-specific solutions leveraging its CPU, GPU, and multimedia expertise, including specialized semi-custom SoC products. AMD reaches its wide array of clients, which comprise original equipment manufacturers (OEMs), public cloud service providers, original design manufacturers (ODMs), system integrators, independent distributors, online retailers, and add-in-board manufacturers. The company's sales and distribution network includes its direct sales force, independent distributors, and dedicated sales representatives.

https://www.amd.com

Key executives

NameTitlePayBorn
Lisa T. SuChair, President & Chief Executive Officer$4.5M1970
Paul Darren GrasbyExecutive VP, Chief Sales Officer & President of EMEA$2.2M1970
Mark D. PapermasterChief Technology Officer and Executive Vice President of Technology & Engineering$2.2M1962
Jean X. HuExecutive Vice President, Chief Financial Officer & Treasurer$2.0M1963
Forrest E. NorrodExecutive VP & GM of the Data Center Solutions Business Group$1.9M1965
Hasmukh RanjanSenior Vice President & Chief Information Officer——
Keivan KeshvariSenior Vice President of Global Operations & Quality——
Matthew D. RamsayVice President of Financial Strategy & Investor Relations——

Executive pay, latest proxy

ExecutiveYearSalaryStock awardsIncentiveTotal
Lisa T. Su Chair, President and Chief Executive Officer2025$1.3M$41.7M$3.1M$55.2M
Darren Grasby Executive Vice President, Chief Sales Officer and President EMEA2025$828,148$14.5M$1.2M$18.2M
Mark Papermaster Executive Vice President and Chief Technology Officer, Technology and Engineering2025$854,885$12.3M$1.3M$16.6M
Jean Hu Executive Vice President, Chief Financial Officer and Treasurer2025$779,846$10.4M$1.2M$14.3M
Forrest Norrod Executive Vice President and General Manager, Data Center Solutions Business2025$764,885$9.8M$1.2M$13.5M

Employees

10k201811k201913k202016k202125k202226k202328k202431k2025

Dividends

Ex-dateAmountPaid
1995-04-28$0.0051995-05-24

Moat model

Wide · Intangible Assets · 2026-06-27
Cost advantage59
Intangibles88
Switching costs59
Network effect80
Efficient scale85
Our component scores (0-100) and overall 73.3; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17

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