Advanced Micro Devices Inc (AMD)
Information Technology · Semiconductors · US stock · S&P 500 component
$528.75
▼ -33.48 (5.95%)
Fair valueData under review
$78
$39fair band $47–$109$116
Day's range
$526.83 – $550.96
52-week range
$188.22 – $658.52
About Advanced Micro Devices Inc
Advanced Micro Devices designs semiconductors, including central processors, graphics processors and adaptive chips. Its products power personal computers, game consoles, cloud servers and data centre accelerators used for artificial intelligence, as well as embedded systems in industrial and communications equipment. It does not run its own chip fabrication, relying on contract manufacturers. Customers include PC makers, cloud providers, console makers and other technology companies.
The company earns money from supplying chips and related software to those customers. Revenue was $41.3 billion over the last twelve months, with growth of 13.6% a year across the last three years. The operating margin is 15.7%, and the business earns a profit of 10% on the capital invested in it. Net debt is -1.5 times EBITDA, meaning it holds more cash than debt. No dividend is paid. On the site's X-Ray Score it receives 47 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $188.22 – $658.52Volume 22,481,800Daily, split-adjusted
Vitals
Market cap$877.2B
52-week range$188.22 – $658.52
Volume (last day)22,481,800
P/E (TTM)135.3
EBIT / EV yield0.7%
Free-cash-flow yield1.0%
Dividend yieldNo dividend
Revenue (TTM)$41.3B
Net income (TTM)$6.4B
Operating margin15.7%
Return on capital9.7%
Debt incl. leases$3.2B
Cash & securities$13.1B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$78model spread $73 – $83
Data under review
+0.0% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (0.64x of the last twelve months)
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so the fair value range is widened
Earnings are far above the company's own 3-year history, so models would extrapolate a possible peak
Price $529
Undervalued < $47Fair $47 – $109Overvalued > $109
10-year DCF (market-scaled)
$69
Peer multiples
$85
Earnings power floor (not blended)
$25
Fundamentals-adjusted multiple
$78
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Read the lenses below
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Valuation
Weak
9/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield0.7%
Free-cash-flow yield1.0%
Fair value vs price0.1×
Growth
Strong
80/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)13.6%
EPS growth (3y)46.7%
Growth consistency100%
Profitability
Weak
33/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital9.7%
Operating margin15.7%
Gross profitability26.0%
Financial health
Strong
81/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA-1.5×
Interest cover44.1×
Dividends
None
–/100
Pays no dividend.
See the numbers →
Quarterly results: last 6 quarters
+35.9%
Mar '25
+31.7%
Jun '25
+35.6%
Sep '25
+34.1%
Dec '25
+37.8%
Mar '26
+50.1%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $11.5B, diluted EPS $1.38.
Compare with peers
MU Micron Technology Inc77 FSLR First Solar, Inc.67 NVDA Nvidia Corp65 QCOM Qualcomm Inc57Other Semiconductors companies by X-Ray Score.
Fundamentals checklist
● 7 Good · ● 5 Average · ● 4 BadCash quality
Earnings backed by cashAverage
Free-cash-flow yieldBad
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Good
Revenue growth (3y)Average
Growth consistencyGood
Balance sheet
Current ratioGood
Net debt / EBITDAGood
Interest coverAverage
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginAverage
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 49/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $16.4B | $23.6B | $22.7B | $25.8B | $34.6B |
| Operating income | $3.6B | $1.3B | $401M | $1.9B | $3.7B |
| Net income | $3.2B | $1.3B | $854M | $1.6B | $4.3B |
| Operating cash flow | $3.5B | $3.6B | $1.7B | $3.0B | $7.7B |
| Operating margin | 22.2% | 5.4% | 1.8% | 7.4% | 10.7% |
| Free cash flow | $3.2B | $3.1B | $1.1B | $2.4B | $6.7B |
| Diluted EPS | $2.57 | $0.84 | $0.53 | $1.00 | $2.65 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
8 bullish · 1 neutral · 7 bearish
Weekly
Strongly bullish
9 bullish · 1 neutral · 2 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 601.7 | Bearish |
| EMA 10 | 585.2 | Bearish |
| SMA 20 | 610.4 | Bearish |
| EMA 20 | 586.1 | Bearish |
| SMA 50 | 537.1 | Bearish |
| EMA 50 | 554.8 | Bearish |
| SMA 100 | 525.7 | Bullish |
| EMA 100 | 507.4 | Bullish |
| SMA 200 | 394.2 | Bullish |
| EMA 200 | 426.8 | Bullish |
Oscillators (daily)
| RSI (14) | 37.77 | Neutral |
| MACD (12, 26) | 7.83 | Bullish |
| Momentum (12) | -13.57 | Bearish |
| Stochastic %K (14) | 1.46 | Bullish |
| Williams %R (14) | -98.54 | Bullish |
| CCI (20) | -250.8 | Bullish |
Pivot points (classic, last session)
S3 495.9 | S2 511.4 | S1 520.1 | Pivot 535.5 | R1 544.2 | R2 559.6 | R3 568.3 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
AMD SEC filings
28 Sep 2026
8-KSEC EDGAR
Current report
19 Aug 2026
8-KSEC EDGAR
Director or officer change
17 Aug 2026
8-KSEC EDGAR
Entered a material agreement
14 Aug 2026
424B5SEC EDGAR
424B5
13 Aug 2026
424B5SEC EDGAR
424B5
5 Aug 2026
10-QSEC EDGAR
Quarterly report
4 Aug 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
1 Jul 2026
8-KSEC EDGAR
Director or officer change
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.