NASDAQ · AMD
Advanced Micro Devices, Inc.
Technology · Semiconductors
$497.46▼ 12.17% ($68.96)today
As of 2:01 PM ET
Valuation
Revenue & margin DCF
Verdict: expensive. Price above all scenarios.
The price needs 42.5% revenue growth a year for 10 years. Our scenarios assume 12.6–21.9%.
That's 2.1× its past 4-year pace.
Value per share
Base case
$108.13
Price used $497.46 is 4.6× this
USD · TTM ending Jun 27, 2026 · Price Oct 30, 6:01 PM UTC
Revenue each value needs
Revenue today $41.3B. The price needs $1.4T by 2036. Base case: $207B. At its recent pace: $266B. Bear to Bull: $136B to $298B.
Revenue today $41.3B. The price needs $1.4T by 2036. Base case: $207B. At its recent pace: $266B. Bear to Bull: $136B to $298B.
Revenue in 2036
today $41.3B
+$1.2Tmore than the Base case · 6.9×
Value per share · Base case
$108.13
Price $497.46
4.6× this
- 10-yr revenue CAGR
- 17.5%
- Ending operating margin
- 18.7%
- Discount rate
- 15.3%
USD · TTM ending Jun 27, 2026 · Price Oct 30, 6:01 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 95.38% over the last year. Revenue grew 39.54% over the trailing twelve months. Operating margin moved from 7.66% to 15.71%. Free cash flow grew 107.84% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (67th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 15.71% — continued expansion would be needed to justify the premium. Revenue growth of 39.54% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Return analysis
Company profile
Advanced Micro Devices, Inc. (AMD), established in 1969 and headquartered in Santa Clara, California, operates as a global leader in the semiconductor industry.
Market multiples
Stock splits
Every 1 shares became 2
Every 1 shares became 2
Every 2 shares became 3
Every 1 shares became 2
Every 2 shares became 3
Every 1000 shares became 1499
Profitability & growth
Analyst consensus
51
Buy
20
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Actuals vs estimates by quarter, or any quarter against the same one a year earlier.
Next report
Nov 3, 2026
Q3 FY26 · EPS est $1.95 · Revenue est $13.1B
Same quarter, year over year
FY26 YTD +110.4%Each cell vs the same quarter a year earlier (the cell below) · Q1–Q2 combined $3.03 vs $1.44 · all 2 quarters up
Q1
Q2
Q3
Q4
FY total
FY26
—
—
FY25
FY24
FY23
—
—
—
Fiscal year totals
- FY25
- $4.17
- +25.6%
- FY24
- $3.32
- —
Q2 FY26
Reported Aug 4, 2026 · Latest
HoverTap a cell to inspect
Actual
$1.66
Estimate
$1.62
Year over year
+245.8%
Vs prior quarter
+21.2%
Institutional Sentiment
Advanced Micro Devices, Inc. · AMD
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.