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Advanced Micro Devices (AMD) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Advanced Micro Devices
NasdaqGS•Technology•Semiconductors
$559.82+14.73(0.03%)After hours
Market Cap
$889.84B
P/E
138.3x
P/S
21.5x
P/B
13.2x

Advanced Micro Devices, Inc. operates as a semiconductor company internationally. It operates in three segments: Data Center, Client and Gaming, and Embedded. The company offers artificial intelligence (AI) accelerators, microprocessors, and graphics processing units (GPUs) as standalone devices or as incorporated into accelerated processing units, chipsets, and data center and professional GPUs; and embedded processors and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing units, field programmable gate arrays (FPGA), system on modules, AI network interface cards, and adaptive SoC products. It provides processors under the AMD Ryzen, AMD Ryzen AI, AMD Ryzen PRO, AMD Ryzen Threadripper, AMD Ryzen Threadripper PRO, AMD Athlon, and AMD PRO A-Series brands; graphics under the AMD Radeon graphics and AMD Embedded Radeon graphics; professional graphics under the AMD Radeon Pro graphics brand; and AI and general-purpose compute infrastructure for hyperscale providers. The company offers data center graphics under the AMD Instinct accelerators and Radeon PRO V-series brands; server microprocessors under the AMD EPYC brand; low power solutions under the AMD Athlon, AMD Geode, AMD Ryzen, AMD EPYC, and AMD R-Series and G-Series brands; FPGA products under the Virtex-6, Virtex-7, Virtex UltraScale+, Kintex-7, Kintex UltraScale, Kintex UltraScale+, Artix-7, Artix UltraScale+, Spartan-6, and Spartan-7 brands; adaptive SOCs under the Zynq-7000, Zynq UltraScale+ MPSoC, Zynq UltraScale+ RFSoCs, Versal HBM, Versal Premium, Versal Prime, Versal AI Core, Versal AI Edge, Vitis, and Vivado brands; and compute and network acceleration board products under the Alveo and Pensando brands. It serves original equipment and design manufacturers, public cloud service providers, system integrators, distributors, and add-in-board manufacturers. The company was incorporated in 1969 and is headquartered in Santa Clara, California.

A

How this company scores

ExcellentMetricSide Score: 95/100

Strongest: Balance Sheet & Red Flags (25/25); weakest: Profitability (21/25).

Profitability21/25
Growth24/25
Balance Sheet & Red Flags25/25
Cash & Earnings Quality25/25
Strengths
Growing revenueRising free cash flowStrong marginsRising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 138.3x5y range 32.4x – 798.8x
P/E 138.3x · above its 19-quarter median

Currently above its 19-quarter median.

P/S · 21.5x5y range 4.4x – 21.5x
P/S 21.5x · above its 20-quarter median

Currently above its 20-quarter median.

P/B · 13.2x5y range 1.9x – 23.6x
P/B 13.2x · above its 20-quarter median

Currently above its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Price & Volume
Market Cap $889.84B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$41.30B
7Q
Q. Revenue
$11.54B
50%
TTM EBITDA
$7.01B
4Q
TTM Op. Income
$6.49B
4Q
Q. Op. Income
$1.99B
1585%
TTM Net Income
$6.43B
6Q
Q. Net Income
$2.30B
163%
EPS
$1.4
159%
Shares Out.
$1.63B
5Q
$41.30B in TTM revenue grew 39.5% YoY, reaching $11.54B last quarter. TTM EBITDA of $7.01B and TTM operating income of $6.49B show growth is flowing through to the bottom line. TTM net income of $6.43B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
53.8%
35%
EBITDA Margin
17.3%
1089%
Op. Margin
17.3%
1089%
Net Margin
19.9%
75%
Op. margin of 17.3% is up 19.0% YoY — cost efficiency is improving. Net margin at 19.9% and gross margin of 53.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 1089% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
138.3x
68%
P/S Ratio
21.5x
173%
P/B Ratio
13.2x
238%
At 138.3x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 21.5x and P/B of 13.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 68% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$84.46B
6Q
Cash
$5.09B
14%
Long-Term Debt
$2.35B
3Q
Book Value
$67.22B
7Q
D/E Ratio
0.0
5Q
Debt/EBITDA
1.2
70%
With $84.46B in assets and $2.35B in long-term debt, D/E is 0.0and book value is $67.22B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 5 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$2.37B
18%
TTM Free Cash Flow
$8.40B
108%
FCF Margin
20.3%
49%
FCF / Net Income
1.3
8%
TTM FCF of $8.40B on $2.37B in operating cash flow. The FCF / Net Income ratio of 1.3x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 108% — a weakening trend.

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