Stock · AMD · Technology

Advanced Micro Devices Inc

United States · Large Cap · listed since 1979 · Revenue 12 mo. $41.3B

Price as of 11/06/2026

StockScorer score
5.5
of 10 6 of 11 points Medium Match To the score
Price
$449.04
1 Y +79.3%
Market cap
$792.7B
Phase
Growth
revenue growing, core business profitable
Revenue +13.6% a year (3 years)EBIT margin 10.7%Payout 17.1% of operating cash flow

Summary

Advanced Micro Devices Inc is around the middle of the Technology sector overall

46.0 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires more than 30% FCF growth a year, for 10 years.

If free cash flow stays at €6B (2025), it supports €67.2B. The remaining €644.2B of the market value assume it grows more than 30% a year for 10 years and not at all afterwards.

Required FCF growth per year

over 30%

no growth afterwards

Market value breakdown€711.3B market value, price as of 11/06/2026

€67.2B without growth
€644.2B priced-in growth
  • 5 yrs achieved 13.0%
  • priced in above 30%

Valuation against its own history

Price to operating cash flow 73.7×, within its usual range.

Middle half of 20 quarters: 40.8× to 91.6×, median 49.1×.

Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.

1 sign supports the expectation, 2 speak against it.

What supports it

with respect to the priced-in expectation

  • Low capital needs capex median 2.4% of revenue (10 years)

What speaks against it

with respect to the priced-in expectation

  • Expectation above the company's own record priced in more than 30%, achieved at most 13.0%
  • Volatile earnings 3 drops or sign changes in up to 10 years

AI summary of the 2025 annual report

The business of Advanced Micro Devices Inc according to its report

A language model selected and condensed statements from the report. Each statement carries a verbatim quote. The selection is not complete and shows the state of the report. It gives no rating and does not feed into the score.

Form 10-K, fiscal year ended 12/27/2025, filed 02/04/2026. Open the report at the SEC

Revenue by segment, fiscal year ended 12/27/2025

SegmentShareRevenue
Datacenter
48.0%
$16.6B
Client and Gaming
42.0%
$14.6B
Embedded
10.0%
$3.5B

From the report's structured data (XBRL), not from the language model. The sum can differ slightly from group revenue.

Business model according to the report

  • GPUs, including discrete GPUs and semi-custom SoCs, are paired with software to power gaming across PCs, game consoles and cloud gaming services.

    Quote
    Our GPUs, including discrete GPUs and semi-custom SoCs, are combined with software to power immersive gaming experiences across PCs, game consoles and cloud gaming services.
  • EPYC CPUs are server processors based on the x86 architecture, built for high-performance computing, enterprise IT, supercomputing and large data centers.

    Quote
    EPYC CPUs, which are based on the x86 architecture, are server-specific processors designed for high-performance computing, enterprise IT, supercomputing, and large data centers.
  • The company's CPUs and APUs go into PCs that are part of how customers work, learn and play.

    Quote
    Our CPUs and APUs power PCs that are an integral part of how customers work, learn and play.
  • Some customers pay AMD one-time engineering fees for design and development work, plus a price for the products that result from it.

    Quote
    Certain customers pay us non-recurring engineering fees for design and development services and a purchase price for the resulting products.

Customers according to the report

  • Data Center customers are mainly hyperscale data centers, equipment makers (OEMs), design manufacturers (ODMs), system integrators and independent distributors.

    Quote
    Our Data Center Segment customers consist primarily of hyperscale data centers, original equipment manufacturers (OEMs), original design manufacturers (ODMs), system integrators and independent distributors in both domestic and international markets.
  • Client and Gaming customers are mainly PC makers (OEMs), independent distributors and, for chipset products, ODMs that build motherboards.

    Quote
    Our Client and Gaming Segment customers consist primarily of PC OEMs, a network of independent distributors and, for chipset products, ODMs that manufacture motherboards.
  • Large international public cloud providers and private hyperscale data centers buy a substantial part of the data center products, directly or indirectly.

    Quote
    Large multi-national public cloud service providers and hyperscale private data centers directly and indirectly purchase a substantial portion of our data center-focused products, including server CPUs, GPU accelerators, DPUs, AI NICs, FPGAs and adaptive SoCs.

Competition according to the report

  • In the Data Center segment, the company mainly competes with Intel and Nvidia in CPU, GPU, DPU and AI NIC server products.

    Quote
    In the Data Center segment, we compete primarily against Intel Corporation (Intel) and Nvidia Corporation (Nvidia with our CPU, GPU DPU and AI NIC server products.
  • The main competitor for supplying CPUs and APUs is Intel.

    Quote
    Our primary competitor in the supply of CPUs and APUs is Intel.
  • Competitiveness of the products depends on several factors, including performance, total cost of ownership, launch timing, quality, reliability, features and energy efficiency.

    Quote
    The competitiveness of our products depends on a number of factors including, performance, total cost of ownership, timely product introductions, product quality and reliability, product features and capabilities, energy efficiency

Risks according to the report

  • In April 2025 the US government required a new license for exports of certain chips to China and D5 countries, and to companies based there. This restriction affects the AMD Instinct MI308 products.

    Quote
    In April 2025, the U.S. government implemented a new license requirement for the export of certain semiconductor products to China (including Hong Kong and Macau) and D5 countries, or to companies headquartered in or with an ultimate parent located in such countries. This restriction impacts our AMD Instinct™ MI308 products.
  • The company relies on TSMC to make all wafers for microprocessor and GPU products at 7 nanometer or smaller nodes, and mainly on GlobalFoundries for nodes larger than 7 nm.

    Quote
    We rely on Taiwan Semiconductor Manufacturing Company Limited (TSMC) for the production of all wafers for microprocessor and GPU products at 7 nanometer (nm) or smaller nodes, and we rely primarily on GLOBALFOUNDRIES Inc. (GF) for wafers for microprocessor and GPU products manufactured at process nodes larger than 7 nm.
  • Revenue from semi-custom SoC products depends on those products being built into customers' products and on those products succeeding.

    Quote
    Our revenue from our semi-custom SoC products is dependent upon our semi-custom SoC products being incorporated into customers’ products and the success of those products.
  • A small number of customers make up a large part of the company's business, and the company expects this to continue for its revenue and receivables.

    Quote
    We depend on a small number of customers for a substantial portion of our business and we expect that a small number of customers will continue to account for a significant part of our revenue and receivables in the future.

Since the last quarter

Q1 → Q2 2026

Mostly better than the previous quarter: 3 of 5 changes for the better.

  • Revenue, 12 mo.$37.5B → $41.3B+10.3%better
  • Gross margin50.3% → 53.2%+2.9 ppbetter
  • EBIT margin11.7% → 15.7%+4.1 ppbetter
  • FCF margin22.9% → 20.3%−2.6 ppworse
  • Net debt−$1.7B → −$810.0M+52.7%worse

3 more unchanged: FCF, 12 mo., Shares outstanding, Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability40.3around the middleEarns about as much as the sector.
MetricStockSector medianPosition in sector
Return on equity6.88%14.60%Rank 26
Return on capital (Greenblatt)18.65%29.77%Rank 35
EBIT margin10.66%17.40%Rank 34
FCF margin19.44%18.54%Rank 54
Gross margin49.52%48.47%Rank 52
Growth63.5above the middleGrows faster than the sector: Earnings growth, 3 years per year 47.91%, sector 9.54%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year34.34%12.70%Rank 89
Earnings growth, 3 years per year47.91%9.54%Rank 93
Earnings growth, 5 years per year5.20%14.07%Rank 23
Sustainable growth (ROE × retained earnings)2.81%2.87%Rank 49
Valuation11.0below the middleValued higher than the sector: EV/EBIT 212.93, sector 26.24.
MetricStockSector medianPosition in sector
Earnings yield0.59%2.64%Rank 17
FCF yield0.85%3.06%Rank 16
EV/saleslower is better22.715.18Rank 6
EV/EBITlower is better212.9326.24Rank 5
Momentum64.6above the middleShare price doing better than the sector: Share price, 1 year 79.30%, sector −0.59%.
MetricStockSector medianPosition in sector
Share price, 1 year79.30%−0.59%Rank 95
Share price, 6 months−0.87%−4.46%Rank 54
Share price, 3 months−1.97%−5.84%Rank 56
Distance from 52-week high−30.86%−33.23%Rank 54
Quality31.8below the middleQuality below the sector: Dividend streak in years –, sector 8.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better2.95%1.65%Rank 42
Change in share countlower is better−0.06%−0.17%Rank 47
Dividend streak in years–8Rank 18
Price reaction to results, market-adjusted−7.00%−1.57%Rank 19
Balance sheet & risk64.6above the middleLess risk than the sector: Equity ratio 81.90%, sector 53.98%.
MetricStockSector medianPosition in sector
Equity ratio81.90%53.98%Rank 92
Net debt/EBITDAlower is better−0.84−0.20Rank 66
Debt to equitylower is better0.070.33Rank 77
Volatility, 1 yearlower is better69.35%50.37%Rank 23

Ten years in figures

Revenue from $4.3B (2016) to $34.6B (2025), 26.2% a year.

Fiscal years, amounts in USD
YearRevenue, $BEBIT marginFCFSharesNet debt
20164.3−8.7%$13.0M835M$171.0M
20175.33.8%−$45.0M1.04B$210.0M
20186.57.0%−$129.0M1.06B$172.0M
20196.79.4%$276.0M1.12B−$738.0M
20209.813.5%$777.0M1.21B−$781.0M
202116.422.2%$3.2B1.21B−$1.1B
202223.65.4%$3.1B1.61B−$1.9B
202322.71.8%$1.1B1.63B−$930.0M
202425.87.4%$2.4B1.64B−$1.6B
202534.610.7%$6.7B1.64B−$1.1B
5.5 / 10Medium MatchStockScorer score6 of 11 points

4 of 7 StockScorer Score rules met · How the score is built

Advanced Micro Devices Inc mainly meets criteria in the Growth category. Result from 18 strategies checked.

This stock · Profitability: 33%This stock · Growth: 100%This stock · Valuation: 0%This stock · Momentum: 100%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Advanced Micro Devices Inc's score is built

Advanced Micro Devices Inc is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

4 of 7 rules met

6 of 11 points

  1. Free cash flow yield above the sector mediannot met0 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector mediannot met0 of 2 points
  3. Return on equity above the sector mediannot met0 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%met2 of 2 points
  6. 3-year earnings growth above 12% p.a.met1 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketmet1 of 1 point
  8. Exclusion: financial and real estate stocksdoes not apply

Detail data

How does Advanced Micro Devices Inc stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • Moat Quality
  • Undervalued Stocks: Multi-Factor Check
  • Growth Momentum (CAN SLIM principle)
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Defensive: Low Volatility
  • Dividend Aristocrats & Continuity
  • Dividend Quality: 4 Factors
  • Balanced GARP
  • Levermann Strategy (13 Criteria)
  • Magic Formula: Value + Quality
  • PEG Strategy (inspired by Peter Lynch)
  • Trending Value: Value + Momentum

Advanced Micro Devices Inc key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Advanced Micro Devices Inc.

MetricStockSector
P/E ratio169.535.1
P/B ratio11.75.5
Return on equity (ROE)6.9%14.6%
Equity ratio81.9%54.0%
Debt-to-equity (D/E)0.070.33
Dividend yield0.0%0.9%

Similar stocks in Technology

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
AMDAdvanced Micro Devices Incthis page
MUMicron Technology IncHigh9.1
INTCIntel CorporationLow0.9
TXNTexas Instruments IncorporatedLow1.8
AVGOBroadcom Inclocked
000660.KSSK Hynix Inclocked

Frequently asked questions about Advanced Micro Devices Inc stock

How does Advanced Micro Devices Inc stock (AMD) score in the StockScorer model?
Advanced Micro Devices Inc stock reaches a StockScorer score of 5.5 out of 10, which is a medium match with the rule-based strategies. 4 out of 7 flagship profile rules are met.
What is Advanced Micro Devices Inc's P/E ratio?
Advanced Micro Devices Inc's P/E ratio is 169.5. The Technology sector median is 35.1.
What sector is Advanced Micro Devices Inc in?
Advanced Micro Devices Inc is assigned to the Technology sector. Its rank within the sector is 46.0 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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