Advanced Micro Devices, Inc. (AMD) Stock

Advanced Micro Devices, Inc. (AMD) is a Technology stock trading at $492.49 (as of 2026-07-17), with a market capitalization of $803.05B and a trailing P/E of 160.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles. The company provides processors for desktop and notebook personal computers under the AMD Ryzen, AMD Ryzen PRO, Ryzen Threadripper, Ryzen Threadripper PRO, AMD Athlon, AMD Athlon PRO, AMD FX, AMD A-Series, and AMD PRO A-Series processors brands; discrete GPUs for desktop and notebook PCs under the AMD Radeon graphics, AMD Embedded Radeon graphics brands; and professional graphics products under the AMD Radeon Pro and AMD FirePro graphics brands. It also offers Radeon Instinct, Radeon PRO V-series, and AMD Instinct accelerators for servers; chipsets under the AMD trademark; microprocessors for servers under the AMD EPYC; embedded processor solutions under the AMD Athlon, AMD Geode, AMD Ryzen, AMD EPYC, AMD R-Series, and G-Series processors brands; and customer-specific solutions based on AMD CPU, GPU, and multi-media technologies, as well as semi-custom SoC products. It serves original equipment manufacturers, public cloud service providers, original design manufacturers, system integrators, independent distributors, online retailers, and add-in-board manufacturers through its direct sales force, independent distributors, and sales representatives. The company was incorporated in 1969 and is headquartered in Santa Clara, California.

Understand Advanced Micro Devices, Inc.: how it makes money

AMD designs and sells x86 processors, GPUs, chipsets, and related development services for data centers, desktops and notebooks, servers and embedded systems, and game console platforms, and it makes money by selling these semiconductor products and services to OEMs, cloud providers, and other technology partners.

AMD’s profit engine is winning new chip designs, then monetizing those wins through deployments at scale, it tracks this linkage via first-half design wins and ongoing adoption signals like AMD-powered public cloud instances available and EPYC platforms in market.

Revenue by segment (latest quarter)
DataCtr$5.8B
ClientGmng$3.6B
Embedded$0.9B

Business quality (Solid): The provided facts give a usable segment revenue split and a clear adoption-style KPI set (design wins and cloud instance availability), but they do not provide segment operating income for all segments, limiting how directly operating profitability can be traced quarter to quarter.

Valuation: At 168× earnings, AMD trades 227% above the Semiconductors average (51×). Note: one-time items can distort reported P/E.

Bull case

  • Design momentum is tracked and highlighted: Design Wins for the First Half of the Year are reported, which is an early indicator of future product adoption for AMD.
  • Cloud deployment footprint is expanding: New AMD-Powered Public Cloud Instances Launched and AMD-Powered Public Cloud Instances Available, along with EPYC-Powered Cloud Instances and Fifth-Generation EPYC Platforms in Market, point to continued workload availability for AMD-based systems.
  • Data center is the largest revenue contributor in the quarter: Data Center Segment Revenue is 5.8B, versus 3.6B for Client and Gaming and 0.87B for Embedded.

Bear case

  • Gaming operating income is very small versus other areas: Gaming Segment Operating Income is 0.05B, so results in that portion of the portfolio can be sensitive to mix and demand changes.
  • Revenue concentration risk remains: With Data Center Segment Revenue at 5.8B and Client and Gaming at 3.6B, slower-than-expected adoption in these customer segments could weigh on overall growth.
  • KPI outcomes can lag design wins: Design wins are an early signal, but the monetization depends on later deployments, the need to translate design wins into real instance and platform availability can introduce timing risk.
Valuation — source: SEC EDGAR (first-party)
Price$492.49
Market Cap$803.05B
P/E Ratio160.3
EV / EBITDA183.5
Price / Book12.46
Price / Sales21.44
FCF Yield1.1%
DCF Value (model)$25.45
DCF Upside vs Price-94.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$34.64B
Net Margin12.5%
Revenue Growth (YoY)37.8%
EPS Growth (YoY)93.2%
FCF Growth (YoY)253.0%
Financial Health — source: SEC EDGAR
Altman Z-Score35.60 (safe)
Piotroski F-Score7/9 (strong)
Valuation vs Sector & Industry
Stock P/E160.3
Sector P/E (Technology)34.7
Industry P/E (Electronic Equipment)40.6
vs Sector362.3%
vs Industry295.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Insider Sells (12mo)54
Top Institutional HolderVANGUARD GROUP INC ($33.95B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryElectronic Equipment
CEOLisa T. Su
Employees28,000
CountryUS
IPO Date1980-03-17

Related Companies (Business model: Fabless Semiconductors; 8 closest by market cap; US-domiciled)

  • NVIDIA Corporation (NVDA)
  • Broadcom Inc. (AVGO)
  • QUALCOMM Incorporated (QCOM)
  • Marvell Technology, Inc. (MRVL)
  • Monolithic Power Systems, Inc. (MPWR)
  • Coherent, Inc. (COHR)
  • Astera Labs, Inc. Common Stock (ALAB)
  • Credo Technology Group Holding Ltd (CRDO)
AMD earnings history · AMD institutional & insider holders · AMD KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.