Advanced Micro Devices (AMD) stock
Information Technology · Semiconductors
Advanced Micro Devices (AMD) is a Semiconductors company in the Information Technology sector, headquartered in Santa Clara, California. As of October 23, 2026, AMD closed at $516.79, a market capitalization of $843.65 billion, the 15th largest company in the S&P 500. Over the last twelve months it generated $41.31 billion in revenue (+50% year over year) and $8.40 billion in free cash flow. The stock trades at 131.8x trailing earnings and 32.8x forward earnings.
- 1-year total return: +119.9% (dividends reinvested)
- 5-year return: +34.0% a year
- 52-week range: $188.22 – $658.52
- Gross margin 55.7%, operating margin 17.2%
- FI Handbook report card: C+ across 10 metrics
- 6th largest of 75 Information Technology stocks in the S&P 500
AMD price chart
1Y price change: +119.9% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| AMD | -15.9% | +141.3% | +119.9% | +72.9% | +34.0% | +54.8% | +11.6% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1980.
AMD key statistics
- Market cap
- $843.6B
- #15 in S&P 500
- P/E (TTM)
- 131.8x
- Forward P/E
- 32.8x
- EPS (TTM)
- $3.92
- Revenue (TTM)
- $41.3B
- +50%
- Free cash flow
- $8.4B
- Gross margin
- 55.7%
- Operating margin
- 17.3%
- Return on equity
- 10.2%
- Dividend yield
- None
- 52-week range
- $188.22 – $658.52
- Beta
- 2.45
- Price / sales
- 20.4x
- EV / EBITDA
- 87.3x
- Debt / equity
- 0.06x
- Employees
- 31,000
AMD report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth50.1%A
- Gross margin55.7%B
- Operating margin17.3%C
- FCF margin20.3%B
- Return on equity10.2%C
- Net debt / EBITDA-0.9xA
- Forward P/E32.8xD
- PEG ratio1.1xB
- Shareholder yield0.2%F
- Share count change / yr6.3%F
Advanced Micro Devices financials
Revenue went from $4.3B in fiscal 2016 to $34.6B in fiscal 2025, growing 26.0% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.3B | $5.3B | $6.5B | $6.7B | $9.8B | $16.4B | $23.6B | $22.7B | $25.8B | $34.6B |
| Gross profit | $1.0B | $1.8B | $2.4B | $2.9B | $4.3B | $7.9B | $10.6B | $10.5B | $12.7B | $17.2B |
| Operating income | -$373.0M | $127.0M | $451.0M | $631.0M | $1.4B | $3.6B | $1.3B | $401.0M | $1.9B | $3.7B |
| Net income | -$498.0M | -$33.0M | $337.0M | $341.0M | $2.5B | $3.2B | $1.3B | $854.0M | $1.6B | $4.3B |
| EPS (diluted) | $-0.60 | $-0.03 | $0.32 | $0.30 | $2.06 | $2.57 | $0.84 | $0.53 | $1.00 | $2.65 |
| Free cash flow | $4.0M | -$101.0M | -$129.0M | $276.0M | $777.0M | $3.2B | $3.1B | $1.1B | $2.4B | $6.7B |
| Buybacks | — | — | — | $0 | $0 | $1.8B | $3.7B | $985.0M | $862.0M | $1.3B |
| Diluted shares | 835.0M | 952.0M | 1.1B | 1.1B | 1.2B | 1.2B | 1.6B | 1.6B | 1.6B | 1.6B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into AMD?
A reverse DCF asks what growth the current price requires. With an enterprise value of $834.8B and $8.4B of trailing free cash flow, Advanced Micro Devices needs to grow free cash flow about 54.1% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 54.0% a year over the last five years.
P/E ratio history
Current 195.0x vs. median 78.3x (10th–90th percentile 9.2x–271.9x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
AMD analyst price targets
50 analysts' average 12-month target is $637.61 (+23% vs. $516.79). Targets range from $365.00 to $1,250. 80% rate it a buy.
AMD earnings
Next report: November 3, 2026. Advanced Micro Devices has beaten EPS estimates 4 quarters in a row. Last quarter's revenue was $11.5B (+50% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 4, 2026 | $1.61 | $1.66 | +3.2% |
| May 5, 2026 | $1.29 | $1.37 | +5.8% |
| Feb 3, 2026 | $1.32 | $1.53 | +15.5% |
| Nov 4, 2025 | $1.18 | $1.20 | +2.1% |
| Aug 5, 2025 | $0.50 | $0.48 | -3.5% |
| May 6, 2025 | $0.93 | $0.96 | +2.8% |
| Feb 4, 2025 | $1.09 | $1.09 | +0.4% |
| Oct 29, 2024 | $0.92 | $0.92 | +0.5% |
Stocks like AMD
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 NVDA NVIDIA | -0.59% | +16% | $5.1T | 26.7x | Compare |
 AVGO Broadcom | -0.48% | -6% | $1.5T | 42.9x | Compare |
 MU Micron Technology | +2.46% | +325% | $992.9B | 11.8x | Compare |
 INTC Intel | +1.72% | +128% | $459.7B | — | Compare |
 TXN Texas Instruments | +1.86% | +70% | $260.0B | 36.9x | Compare |
 MRVL Marvell Technology | +2.26% | +177% | $205.4B | 75.2x | Compare |
 ADI Analog Devices | +1.38% | +63% | $189.5B | 46.4x | Compare |
 QCOM QUALCOMM | +1.78% | +6% | $187.8B | 20.4x | Compare |
AMD news
- Here's What $10,000 Invested Equally in Nvidia, AMD, and Broadcom Could Be Worth by 2030 · Oct 25, 2026
- AMD Stock Is Up 131% This Year. Here’s Where It Stands After a $1 Trillion Run · Oct 25, 2026
- 1 Red Flag That Keeps Me From Buying AMD Stock · Oct 25, 2026
- Here's Why AMD Investors Should Consider Selling Before Nov. 3 · Oct 24, 2026
- AMD Stock Fell 8% in a Day as Lam Research’s Supply Warning Sank Chip Stocks. Here’s Where the Stock Could Go by 2030 · Oct 23, 2026
AMD stock FAQ
What is AMD's market cap?
Advanced Micro Devices's market capitalization is $843.65 billion as of October 23, 2026, ranking 15th in the S&P 500.
What is AMD's P/E ratio?
AMD trades at a trailing price-to-earnings ratio of 131.8x and a forward P/E of 32.8x. Its median P/E over the period we track is 78.3x.
Does AMD pay a dividend?
No. Advanced Micro Devices does not currently pay a regular cash dividend.
How much has AMD stock returned?
Including reinvested dividends, AMD returned +119.9% over one year, +34.0% a year over five years, +54.8% a year over ten years through October 23, 2026.
Is AMD stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Advanced Micro Devices must grow free cash flow about 54% a year for the next decade. Its free cash flow grew 54% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the AMD price target?
50 analysts cover AMD with an average 12-month price target of $637.61, +23% from the current price. 80% of them rate it a buy.
When does AMD report earnings?
Advanced Micro Devices is expected to report earnings on November 3, 2026. It has beaten EPS estimates 4 quarters in a row.
How many employees does Advanced Micro Devices have?
Advanced Micro Devices has about 31,000 full-time employees, or $1.3 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology