Advanced Micro Devices, Inc.
Rank #351HypergrowthAMD · Nasdaq · Technology
Advanced Micro Devices, Inc. (AMD) — Rank #351 by gross profitability (GP/assets 0.20) · ROE 6.4% · Piotroski F-Score 8 / 9.
As-of 2026-09-15 · CIK 0000002488 · all metrics point-in-time as of the filing date.
About
Advanced Micro Devices, Inc. operates as a semiconductor company internationally.
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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.
- Industry
- Semiconductors
- Sector
- Technology
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 26
- Website
- amd.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$821.95B
P/E (annual)
190.0
P/S (annual)
23.7
P/B
12.2
P/OCF (annual)
106.6
Shareholder Yield
0.1%
Employees
31,000
Industry
Semiconductors
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passTerry Smith quality gate
Passes 2/5 Terry Smith thresholdsWhat Growth Is Priced In
Implied revenue growth (10Y)
32.8%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -0.1% — per-share value needs a total required return of 32.7% once share-count change is priced in.
vs. own 6-year median revenue growth: 39.0%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
27.1%
r = 10% (base)
32.8%
r = 12%
37.7%
Net debt / market cap: -1.1%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.20
Primary signal (Novy-Marx).
15th of 17 SIC 3674 peers
Return on equity
6.4%
Gross margin
49.5%
11th of 17 SIC 3674 peers
Revenue growth (YoY)
34.3%
RPO growth (YoY)
270.6%
Remaining performance obligations growth — RPO > revenue = forward demand building.
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
13.6%
Revenue CAGR (5Y)
28.8%
Earnings CAGR (3Y)
48.6%
FCF CAGR (3Y)
29.3%
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.26
6th of 16 SIC 3674 peers (best = lowest)
Current ratio
2.61×
12th of 17 SIC 3674 peers
Quick ratio
1.69×
Net cash
$9.01B
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$6.74B
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.55
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
4.7%
Stock-based comp intensity.
Piotroski F-Score
F-Score
8 / 9
Fundamental-strength score (0-9).