Advanced Micro Devices designs a variety of digital semiconductors for markets such as PCs, gaming consoles, data centers (including artificial intelligence), industrial, and automotive applications. AMD's traditional strength was in central processing units and graphics processing units used in PCs and data centers.
It is a $993B technology company. Revenue grew 39.5% over the last year, it keeps 16¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 154.3× earnings — in the most expensive third of its own history.
- Website
- amd.com
- Location
- Santa Clara, CA
- Employees
- 31 000
- Sector
- Technology
- Founded
- 1969
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong health and quality; Valuation lags behind.
Valuation5
- P/E vs own history83th pct · 0/25
- FCF yield0.8% · 5/25
- P/S24.0x · 0/25
- EV/EBITDA129.3x · 0/25
Growth74
- Revenue CAGR20.5% · 25/25
- Net income CAGR8.2% · 12/25
- EPS CAGR ~5Y5.1% · 12/25
- Fwd implied growth234.1% · 25/25
Profitability57
- ROIC8.0% · 5/25
- ROE10.1% · 12/25
- Net margin15.6% · 20/25
- Operating margin15.7% · 20/25
Health100
- Altman Z35.79 · 25/25
- Current ratio2.61 · 25/25
- Interest coverage14.9x · 25/25
- Net cash / debtNet cash · 25/25
Quality95
- Piotroski F8/9 · 25/25
- Beneish M-2.59 · 25/25
- FCF conversion131% · 25/25
- Margin stabilityσ 7.5% · 20/25
Moat51
- ROIC >12% years5/10 yrs · 13/25
- Median gross margin45.3% · 20/25
- FCF-positive years8/10 yrs · 18/25
- Worst-year net marginworst -11.6% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$4.33B net income
- Feb 14, 2022AcquisitionAcquired Xilinx~$49B — adaptive chips for data centers
- FY2021FinancialRevenue crossed $10B$16.4B for the year
- FY2019FinancialPositive free cash flow every year since7-year streak
- FY2018FinancialBecame debt-freecash now exceeds total debt
- FY2017FinancialTurned profitable$43.0M net income after a loss year
- 2017ProductRyzen & EPYC (Zen)the comeback architecture that broke Intel's grip
- FY2016FinancialRevenue already above $1B$4.27B in first reported year
- Oct 8, 2014MilestoneLisa Su becomes CEOstock was ~$3 — the start of one of tech's great turnarounds
- Oct 25, 2006AcquisitionAcquired ATI Technologies$5.4B — brought GPUs under one roof
- Apr 21, 2005ProductAMD released the first dual-core Opteron, an x86-based server CPU
- 1996AcquisitionAMD acquired NexGen for $857 million to develop what eventually became AMD K6
- 1984ProductThe company continued to spend greatly on research and development
- 1978ProductIntel had introduced the first x86 microprocessors in 1978
- Sep 27, 1972IPOIPOwent public three years after founding
- 1971ProductIntel had created the first microprocessor, its 4-bit 4004, in 1971
- 1969ProductThe company manufactured its first product: the Am9300, a 4-bit MSI shift register
- May 1, 1969FoundedFounded by Jerry Sanderseight ex-Fairchild engineers left to build chips
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (53.2%)
- Revenue growing 39.5% year over year
- Strong cash conversion — FCF is 20.3% of revenue
- Net cash position after subtracting debt from cash
- Interest covered 14.9× by operating earnings
Watch-outs
- Loss-making in 1 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+39.5% YoY
- Profitable — makes more than it spends$6.43B TTM
- Profit growing — earnings are higher than last year+46.6% YoY
- Generates cash — cash left after running and investing$8.40B TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$993B market cap
- Not printing shares — share count not ballooning — you keep your slice+35.5% shares over ~5y
- Proven track record — years of profitability behind it9/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 35.8 — safe
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 154.3
Peer comparisonAdvanced Micro Devices vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| AMD this company | $992.5B | 154.3 | +39.5% | 15.6% | Strong |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: AMD vs NVDA · AMD vs AAPL · AMD vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/AMD
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of AMD on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $607.97 · market cap $993B.