Monday 12 October 2026
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Advanced Micro Devices, Inc.
Advanced Micro Devices, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $34.6 billion, up 34.3% from fiscal 2024. In the quarter to June 2026, revenue grew 50.1%, EPS grew 161.1%, free cash flow fell 8.73% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100.
590.11
17.99
−2.96%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 1.75 | 9.42 | 9.04 | 16.94 | 36.75 | 72.50 | 54.57 | 60.05 | 117.90 | 76.48 |
Analyst estimates 2026–2028 Powerpack |
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| High | 12.42 | 15.65 | 34.14 | 47.31 | 97.98 | 164.46 | 152.42 | 151.05 | 227.30 | 267.08 | |||||
| People | |||||||||||||||
| People | Employees | 8,200 | 8,900 | 10,100 | 11,400 | 12,600 | 15,500 | 25,000 | 26,000 | 28,000 | 31,000 | ||||
| Revenue/emp, $m | 0.53 | 0.59 | 0.64 | 0.59 | 0.77 | 1.06 | 0.94 | 0.87 | 0.92 | 1.12 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 4,319 | 5,253 | 6,475 | 6,731 | 9,763 | 16,434 | 23,601 | 22,680 | 25,785 | 34,639 | ||||
| Gross margin, % | 23.22 | 34.02 | 37.79 | 42.61 | 44.53 | 48.25 | 44.93 | 46.12 | 49.35 | 49.52 | |||||
| EBT | (449) | (8) | 330 | 372 | 1,275 | 3,669 | 1,184 | 492 | 1,989 | 4,140 | |||||
| EBT margin, % | (10.40) | (0.15) | 5.10 | 5.53 | 13.06 | 22.33 | 5.02 | 2.17 | 7.71 | 11.95 | |||||
| Net income | (498) | (33) | 337 | 341 | 2,490 | 3,162 | 1,320 | 854 | 1,641 | 4,335 | |||||
| Depreciation | 154 | 180 | 208 | 288 | 368 | 463 | 4,451 | 3,453 | 3,064 | 3,004 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 5.17 | 5.52 | 6.59 | 6.17 | 8.25 | 13.55 | 15.12 | 14.05 | 15.92 | 21.33 | ||||
| Earnings | (0.60) | (0.03) | 0.34 | 0.31 | 2.10 | 2.61 | 0.85 | 0.53 | 1.01 | 2.67 | |||||
| Cash flow | 0.10 | 0.01 | 0.03 | 0.45 | 0.90 | 2.90 | 2.28 | 1.03 | 1.88 | 4.75 | |||||
| Capex | (0.09) | (0.12) | (0.17) | (0.20) | (0.25) | (0.25) | (0.29) | (0.34) | (0.39) | (0.62) | |||||
| Free cash flow | 0.00 | (0.11) | (0.13) | 0.25 | 0.66 | 2.65 | 2.00 | 0.69 | 1.48 | 4.12 | |||||
| Book value | 0.50 | 0.63 | 1.29 | 2.59 | 4.93 | 6.18 | 35.07 | 34.63 | 35.54 | 38.79 | |||||
| Shares, m | 835 | 952 | 982 | 1,091 | 1,184 | 1,213 | 1,561 | 1,614 | 1,620 | 1,624 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 54.29 | 150.21 | 44.09 | 55.13 | 71.93 | 266.50 | 118.42 | 80.21 | ||||
| P/S | 2.21 | 1.99 | 2.80 | 7.43 | 11.12 | 10.62 | 4.23 | 9.86 | 7.59 | 10.04 | |||||
| P/B | 22.94 | 17.54 | 14.32 | 17.70 | 18.60 | 23.28 | 1.83 | 4.00 | 3.40 | 5.52 | |||||
| EV/Sales | 2.25 | 2.02 | 2.79 | 7.29 | 10.93 | 10.43 | 4.09 | 9.72 | 7.49 | 9.83 | |||||
| EV/FCF | 2,428.76 | (104.88) | (140.20) | 177.75 | 137.28 | 53.21 | 31.02 | 196.58 | 80.26 | 50.84 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 81 | 12 | 34 | 493 | 1,071 | 3,521 | 3,565 | 1,667 | 3,041 | 7,709 | ||||
| Capex | (77) | (113) | (163) | (217) | (294) | (301) | (450) | (546) | (636) | (1,012) | |||||
| Free cash flow | 4 | (101) | (129) | 276 | 777 | 3,220 | 3,115 | 1,121 | 2,405 | 6,697 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 1,184 | 1,121 | 1,556 | 2,238 | 3,726 | 4,343 | 8,650 | 10,079 | 11,768 | 17,492 | ||||
| Total debt | 1,435 | 1,395 | 1,250 | 529 | 371 | 384 | 2,560 | 2,468 | 1,721 | 3,222 | |||||
| Net debt | 171 | 210 | 94 | (974) | (1,919) | (3,224) | (3,295) | (3,305) | (3,411) | (7,330) | |||||
| Shareholders’ equity | 416 | 596 | 1,266 | 2,827 | 5,837 | 7,497 | 54,750 | 55,892 | 57,568 | 62,999 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (15.55) | (0.96) | 8.31 | 6.44 | 33.22 | 29.58 | 3.30 | 1.26 | 2.39 | 5.93 | ||||
| ROIC | (39.71) | 9.85 | 20.73 | 21.28 | 21.84 | 53.36 | 1.54 | 0.48 | 2.19 | 4.15 | |||||
| ROE | (24,900.00) | (6.52) | 36.20 | 16.66 | 57.48 | 47.43 | 4.24 | 1.54 | 2.89 | 7.19 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Advanced Micro Devices, Inc. vs peers in Semiconductors (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $2.38T | 32.7× | — | +32.70% (above 0%: growing) | +74.49% (above 0%: growing) | +24.55% (above 0%: growing) | 67.72% | 60.34% | Compare |
| AVGO Broadcom Inc. | $1.72T | 44.9× | 42.6× | +85.50% (above 0%: growing) | +212.50% (above 0%: growing) | +94.55% (above 0%: growing) | 69.13% | 53.92% | Compare |
| MU Micron Technology, Inc. | $1.17T | 23.0× | 14.7× | +345.72% (above 0%: growing) | +1,381.07% (above 0%: growing) | +950.99% (above 0%: growing) | 84.56% | 80.37% | Compare |
| AMD Advanced Micro Devices, Inc. | $1.01T | 154× | 35.9× | +50.11% (above 0%: growing) | +161.11% (above 0%: growing) | −8.73% (below 0%: shrinking) | 53.77% | 17.25% | |
| INTC Intel Corporation | $566.0B | — (loss-making) | — (loss-making) | +25.42% (above 0%: growing) | n/m | +396.67% (above 0%: growing) | 40.36% | 11.14% | Compare |
| ARM ARM Holdings PLC Sponsored ADR | $294.0B | 275× | 281× | +22.41% (above 0%: growing) | +108.33% (above 0%: growing) | +305.85% (above 0%: growing) | 97.21% | 7.06% | Compare |
| TXN Texas Instruments Incorporated | $263.2B | 42.7× | 37.1× | +22.82% (above 0%: growing) | +51.75% (above 0%: growing) | +300.18% (above 0%: growing) | 61.36% | 42.28% | Compare |
| MRVL Marvell Technology, Inc. | $240.9B | 89.7× | 143× | +36.55% (above 0%: growing) | +47.83% (above 0%: growing) | +14.45% (above 0%: growing) | 53.14% | 16.78% | Compare |
| ADI Analog Devices, Inc. | $196.7B | 47.9× | — (loss-making) | +39.63% (above 0%: growing) | +162.86% (above 0%: growing) | +34.29% (above 0%: growing) | 67.32% | 40.10% | Compare |
| Median of peers | $430.0B | 44.9× | 42.6× | +34.63% | +108.33% | +197.37% | 67.52% | 41.19% |
AMD metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Advanced Micro Devices, Inc. (AMD) key facts
- Strength: Advanced Micro Devices, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $34.6 billion, up 34.3% from fiscal 2024.
- Advanced Micro Devices, Inc. (AMD) is a Semiconductors company in the Technology sector, listed on Nasdaq.
- As of October 12, 2026, AMD traded at $593.30, a market capitalization of $992.7 billion.
- Return on equity was 7.19% and debt-to-equity 0.05.
- Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 15.99 (safe zone) for fiscal 2025.
Financial Analysis (summary)
Updated
AMD’s reported FY2025 results showed higher revenue, gross profit, operating income, net income and free cash flow than FY2024. In Q2 FY2026, revenue, gross profit, operating income, net income and diluted EPS were higher than in Q1 FY2026, while free cash flow was lower.
The balance sheet showed net debt of −$9.9 billion and a current ratio of 2.6× in Q2 FY2026. As of September 24, 2026, current P/E, P/S and EV/Sales multiples were higher than the company’s reported five-year medians.