# Advanced Micro Devices (AMD) — Stock CV

Advanced Micro Devices 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.

> 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.

## Identity

- **Ticker**: AMD
- **Sector**: Technology
- **Industry**: Semiconductors
- **Headquarters**: SANTA CLARA, CA
- **Employees**: 31 000
- **Website**: https://www.amd.com
- **Market cap**: $993B
- **Last price**: $607.97
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $41.3B
- **Net income**: $6.43B
- **Free cash flow**: $8.40B
- **Net cash**: $7.33B
- **P/E**: 154.3
- **Revenue growth (YoY)**: 39.5%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 5 |
| Growth | 74 |
| Profitability | 57 |
| Health | 100 |
| Quality | 95 |
| Moat | 51 |

## Qualifications (beginner checklist) — 8 of 10 passed

- [x] Revenue growing — +39.5% YoY
- [x] Profitable — $6.43B TTM
- [x] Profit growing — +46.6% YoY
- [x] Generates cash — $8.40B TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $993B market cap
- [ ] Not printing shares — +35.5% shares over ~5y
- [x] Proven track record — 9/10 profitable years
- [x] Financially stable — Altman Z 35.8 — safe
- [ ] Valuation not extreme — P/E 154.3

## Experience (career milestones)

- **FY2025** — Best year on record: $4.33B net income
- **Feb 14, 2022** — Acquired Xilinx: ~$49B — adaptive chips for data centers
- **FY2021** — Revenue crossed $10B: $16.4B for the year
- **FY2019** — Positive free cash flow every year since: 7-year streak
- **FY2018** — Became debt-free: cash now exceeds total debt
- **FY2017** — Turned profitable: $43.0M net income after a loss year
- **2017** — Ryzen & EPYC (Zen): the comeback architecture that broke Intel's grip
- **FY2016** — Revenue already above $1B: $4.27B in first reported year
- **Oct 8, 2014** — Lisa Su becomes CEO: stock was ~$3 — the start of one of tech's great turnarounds
- **Oct 25, 2006** — Acquired ATI Technologies: $5.4B — brought GPUs under one roof
- **Apr 21, 2005** — AMD released the first dual-core Opteron, an x86-based server CPU
- **1996** — AMD acquired NexGen for $857 million to develop what eventually became AMD K6
- **1984** — The company continued to spend greatly on research and development
- **1978** — Intel had introduced the first x86 microprocessors in 1978
- **Sep 27, 1972** — IPO: went public three years after founding
- **1971** — Intel had created the first microprocessor, its 4-bit 4004, in 1971
- **1969** — The company manufactured its first product: the Am9300, a 4-bit MSI shift register
- **May 1, 1969** — Founded by Jerry Sanders: eight ex-Fairchild engineers left to build chips

## 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

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $16.4B | $3.16B | $3.22B |
| FY2022 | $23.6B | $1.32B | $3.12B |
| FY2023 | $22.7B | $854M | $1.12B |
| FY2024 | $25.8B | $1.64B | $2.40B |
| FY2025 | $34.6B | $4.33B | $6.74B |

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Source: https://stockcv.com/AMD — derived from company filings; may be delayed or incomplete. Information, not investment advice.