Advanced Micro Devices Inc. (AMD)

NASDAQ: AMD · USD

$578

+17.99 (+3.2%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-09-30

Our latest published analysis: AMD rated Sell

Advanced Micro Devices Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$293 / share

Potential value

$370 / share

Upside to FV

-51.9%

from $578

Moat

7.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$991.8B
Revenue (ttm)	41.3B
Net income (ttm)	6.4B
EPS (ttm)	$3.90
Shares out	1.6B
P/E (trailing)	148.4x
P/E (forward)	39.5x
Volume	15,025,553
Beta	2.45

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 41.3B
Net income (ttm): 6.4B
EPS (ttm): $3.90
P/E (trailing): 148.4x
P/E (forward): 39.5x
Market cap: $991.8B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-25	2022-12-31	2023-12-30	2024-12-28	2025-12-27	Trend
Revenue	$16.43B	$23.60B	$22.68B	$25.79B	$34.64B	+20.5%
Gross profit	$7.93B	$10.60B	$10.46B	$12.73B	$17.15B	+21.3%
Operating income	$3.65B	$1.26B	$401.0M	$1.90B	$3.69B	+0.3%
Net income	$3.16B	$1.32B	$854.0M	$1.64B	$4.34B	+8.2%
EPS (diluted)	$2.57	$0.84	$0.53	$1.00	$2.65	+0.8%
EBITDA	$4.00B	$1.32B	$401.0M	$5.26B	$7.28B	+16.2%
R&D	$2.85B	$5.01B	$5.87B	$6.46B	$8.09B	+29.9%
SG&A	$1.45B	$2.34B	$2.32B	$2.74B	$4.14B	+30.1%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	Bán
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	Bán
ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	Mua mạnh
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	Giữ
ADI	Analog Devices, Inc.	207.6B	50.9x	14.8x	11.0%	+16.4%	+76.9%	Bán
AI	C3.ai, Inc.	2B	—	8.4x	-35.6%	+3.6%	-33.6%	Bán

Base and Bull scenarios

Base60%

Price target

$292.52

-51.9% from spot

The modal Base scenario reflects successful delivery of guided datacenter server acceleration, with 2H 2026 server growth exceeding 80% and FY2027 server growth over 70%, taking FY2027 revenue to $88,102.43 million ($88.10B) and diluted EPS to $15.58. Consolidated operating margins normalize from 10.66% in FY2025 toward steady-state 35.31%. Terminal multiple compresses consistent with mature compounder peers, yielding an intrinsic fair value midpoint of $292.52.

Consensus FY2027 revenue of $88.10B realized
Consensus FY2027 diluted EPS of $15.58 achieved
Operating margin scales from 10.66% in FY2025 toward 35.31% steady-state target,
Terminal multiple compresses consistent with mature compounder peers
Moderate cost of equity of 13.30% applied

Bull20%

Price target

$369.71

-39.1% from spot

Under the Bull scenario, datacenter AI GPU and EPYC server CPU adoption exceeds guidance, with server revenue expanding beyond the guided >70% FY2027 pace. Secured HBM allocations and customer ramps at OpenAI, Meta, and Anthropic drive diluted EPS toward management's strategic target of >$20, approaching consensus high estimates of $20.25. Operating margins expand significantly, supporting intrinsic fair value at the upper range boundary of $369.71.

Server revenue growth exceeds 70% in FY2027 off elevated base
Consolidated non-GAAP gross margin expands above guided 56% levels
Diluted EPS reaches upper consensus bound of $20.25 in FY2027
Operating margins normalize toward peak levels with robust free cash flow conversion

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($292.52). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.5%	3.0%	3.5%	4.0%
11.3%	$341	$349	$358	$368	$379
12.3%	$310	$316	$322	$329	$337
13.3%	$283	$288	$293	$298	$304
14.3%	$261	$265	$268	$273	$277
15.3%	$242	$245	$248	$251	$255

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E39.5

P25 n/aP50 n/aP75 n/a

Trailing P/E156.2

P25 n/aP50 n/aP75 n/a

ROE10.2

P25 n/aP50 n/aP75 n/a

ROIC9.8

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All AMD indicators

Market & fundamental data

Available fields

279

Groups with data

Currency

USD

Showing 279 of 279 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000002488
Company name	Advanced Micro Devices, Inc.
Country	United States
Country code	US
CUSIP number	007903107
Earnings date	2026-11-03
Earnings time	amc
Employees	31,000
Employees change	3,000
Employees growth	10.71%
Enterprise value	$935.2B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-27
First seen	2026-05-09
Fiscal year end	December
Founded	1969
In index	SP500, NASDAQ100
Industry	Semiconductors
IPO date	1972-09-27
Is primary listing	Yes
Is SPAC	No
ISIN number	US0079031078
Last 10-K release date	2026-02-04
Last earnings date	2026-08-04
Last refreshed	2026-10-28
Last stock split date	2000-08-22
Last stock split type	Forward
Market cap	$944B
Market cap category	Mega-Cap
Next earnings date	2026-11-03
Options	Yes
Price	$578.27
Price currency	USD
Sector	Technology
SIC code	3674
Stock price date	2026-10-28
Symbol	AMD
Tags	augmented-reality, virtual-reality, artificial-intelligence, metaverse
U.S. state	California
Website	https://www.amd.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	100.39x
Average P/E ratio (10Y)	132.48x
Average P/E ratio (3Y)	193.03x
Average P/E ratio (5Y)	159.67x
Earnings yield	0.67%
EV/Earnings	141.63x
EV/EBIT	139.44x
EV/EBITDA	95.3x
EV/FCF	108.44x
EV/Sales	22.06x
FCF / EV yield	0.92%
FCF yield	0.91%
Forward EV/Sales	13.47x
Forward P/E	51.65x
Forward P/S	13.6x
Graham number	60.09535
Graham upside	-89.34%
Industry forward P/E	13.85x
Industry P/E	26.18x
Lynch fair value	$52.09
Lynch upside	-90.76%
P/(FCF - SBC) ratio	141.37x
P/(OCF - SBC) ratio	112.41x
P/B ratio	13.6x
P/E ratio	148.4x
P/FCF ratio	109.49x
P/OCF ratio	91.28x
P/S ratio	22.27x
PEG ratio	0.76x
Price / tangible book value	35.23x
Price/EBITDA ratio	96.22x
Sector forward P/E	18.86x
Sector P/E	32.77x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	15.82%
EBITDA margin	23.15%
Effective tax rate	14.51%
FCF margin	20.34%
Gross margin	55.72%
Operating margin	15.82%
Pretax margin	18.32%
Profit margin	15.58%
Profit per employee	$207,548
Profitable quarters	13
Profitable years	8
Revenue per employee	$1.3M
ROA	5.13%
ROA (5Y)	5.75%
ROCE	9.03%
ROE	10.2%
ROE (5Y)	12.64%
ROIC	9.77%
ROIC (5Y)	17.58%
SBC / revenue	4.59%
Tax / revenue	2.66%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	124.76%
EPS growth (Q)	159.49%
EPS growth (QoQ)	65.56%
EPS growth 5Y	6.55%
EPS growth quarters	6
EPS growth years	2
FCF growth	107.84%
FCF growth (QoQ)	-39.28%
FCF growth 3Y	65.11%
FCF growth 5Y	27.8%
Gross profit growth	52.51%
Gross profit growth (Q)	94.73%
Gross profit growth 3Y	28.17%
Gross profit growth 5Y	30.43%
Net income growth	127.03%
Net income growth (Q)	163.42%
Net income growth (QoQ)	66.09%
Net income growth 5Y	13.37%
Net income growth quarters	6
Net income growth years	2
OCF growth	106.68%
OCF growth (QoQ)	-19.93%
OCF growth 3Y	61.41%
OCF growth 5Y	29.73%
Operating income growth	166.41%
Operating income growth 5Y	21.07%
Revenue growth	39.54%
Revenue growth (Q)	50.11%
Revenue growth (QoQ)	12.51%
Revenue growth 10Y	26.69%
Revenue growth 3Y	23.6%
Revenue growth 5Y	25.36%
Revenue growth quarters	12
Revenue growth years	2

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-1.7B
Depreciation and amortization	$3B
EBIT	$6.5B
EBITDA	$9.6B
EPS	$3.90
FCF per share	$5.15
Financing cash flow	$-1.1B
Free cash flow	$8.4B
Free cash flow minus SBC	$6.5B
Gross profit	$23B
Income taxes	$1.1B
Investing cash flow	$-8.3B
Net cash flow	$644M
Net income	$6.4B
Operating cash flow minus SBC	$8.2B
Operating income	$6.5B
Revenue	$41.3B
Stock-based compensation	$1.9B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	15.21
Book value per share	$41.19
Debt / EBITDA	0.43
Debt / equity	0.06
Debt / FCF	0.51
Goodwill	$25.5B
Interest coverage	44.46
Long-term assets	$52.9B
Long-term liabilities	$5.2B
Net cash (debt)	$8.8B
Net cash / market cap	0.96%
Net cash growth	345.99%
Net debt / EBITDA	-0.92
Net debt / equity	-0.13
Net debt / FCF	-1.05
Piotroski F-Score	8
Property, plant and equipment	$3.4B
Shareholders' equity	$67.2B
Tangible book value	$26.1B
Tangible book value per share	$16.00
Total assets	$84.5B
Total cash	$13.1B
Total debt	$4.3B
Total liabilities	$17.2B
WACC	17.68%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.52
Current assets	$31.5B
Current liabilities	$12.1B
Current ratio	2.61
Inventory turnover	2.42
Net working capital	$7.2B
Quick ratio	1.69
Working capital	$19.4B
Working capital turnover	2.42

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-1.07%
Dividend per share	$0.00
Dividend yield	0%
Last dividend	$0.01
Shareholder yield	-1.07%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	8,004.64%
10Y return CAGR	55.2%
10Y total return	8,004.64%
150-day SMA	$471.56
15Y price change	10,301.44%
15Y return CAGR	36.29%
15Y total return	10,301.44%
1D price change	3.21%
1M price change	-8.62%
1M total return	-8.62%
1W price change	7.76%
1W total return	7.76%
1Y price change	121.91%
1Y return CAGR	122.03%
1Y total return	121.91%
20-day SMA	$579.25
200-day SMA	$407.34
20Y price change	2,662.42%
20Y return CAGR	18.05%
20Y total return	2,662.42%
3M price change	16.42%
3M total return	16.42%
3Y price change	497.57%
3Y return CAGR	81.44%
3Y total return	497.57%
50-day SMA	$545.54
50-day SMA vs 200-day SMA	50over200
52-week high	$658.52
52-week high date	2026-10-06
52-week low	$188.22
52-week low date	2026-03-03
5Y price change	371.25%
5Y return CAGR	36.35%
5Y total return	371.25%
6M price change	72.2%
6M total return	72.2%
After-hours change	0.3%
After-hours close	$578.27
After-hours price	$579.99
All-time high	$658.52
All-time high date	2026-10-06
All-time low	$1.61
All-time low date	2015-07-27
Average true range (ATR)	$26.62
Average volume	19.2M
Beta (1Y)	2.58
Beta (2Y)	1.89
Beta (5Y)	2.45
Change from 52-week high	-12.19%
Change from 52-week low	207.23%
Change from all-time high	-12.49%
Change from all-time low	35,691.3%
Change from open	1.03%
Day's gap	2.16%
Dollar volume	$8.7B
High price	$579.00
Low price	$560.85
Monthly RSI	71.35
Open price	$572.36
Position in 52-week range	95.98%
Premarket change	1.87%
Premarket close	$560.26
Premarket price	$570.75
Premarket volume	510.9K
Previous close	$560.26
Price vs 150-day SMA	22.2%
Price vs 20-day SMA	-0.52%
Price vs 200-day SMA	41.46%
Price vs 50-day SMA	5.63%
Relative volume	0.78
RSI	53.19
Sharpe ratio	1.45
Sharpe ratio (3Y)	1.21
Sharpe ratio (5Y)	0.77
Sortino ratio	2.41
Sortino ratio (3Y)	2.06
Sortino ratio (5Y)	1.3
Volume	15M
Weekly RSI	60.56
YTD price change	169.07%
YTD total return	169.07%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	1.6B
Float percentage	99.45%
Shares change (QoQ)	0.55%
Shares change (YoY)	1.07%
Shares held by insiders	0.44%
Shares held by institutions	73.96%
Shares outstanding	1.6B
Short % of float	2.35%
Short % of shares	2.33%
Short ratio	1.8 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	2,751

Deeper analysis on AMD

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this AMD report

What is the latest published AMD stock rating?

Advanced Micro Devices Inc. is shown with Sell in the latest published report, analyzed 2026-09-30. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full AMD analysis?

The full latest published report, analyzed 2026-09-30, lives at /stocks/AMD/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for AMD?

The latest published report analyzed 2026-09-30 gives AMD a fair value of USD 293 and a potential value of USD 370. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the AMD page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-30). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellAMD · Fair value $293-51.9%

Read full analysis →

Advanced Micro Devices Inc. (AMD)

Our latest published analysis: AMD rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · AMD

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All AMD indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on AMD

Frequently asked questions

Lịch sử xếp hạng

Category	Score	Reading
Valuation	1.5
Management	9.5
Balance Sheet	8.5
Profitability	5.5
Revenue Growth	9.0
Risk Assessment	7.0
Competitive Moat	7.5
Earnings Quality	9.0
Capital Efficiency	3.5