Advanced Micro Devices, Inc.
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Range $260 – $1250
Price Chart
About the company
Advanced Micro Devices, Inc. (AMD), established in 1969 and headquartered in Santa Clara, California, operates as a global leader in the semiconductor industry. The company organizes its extensive operations into two primary segments: Computing and Graphics, and Enterprise, Embedded and Semi-Custom.
- CEO
- Lisa T. Su
- IPO
- 1972
- Employees
- 31,000
- HQ
- Santa Clara, CA, US
AI snapshot
Six angles, distilled from the data.
AMD remains in a powerful multi-month uptrend and is still well above its 200-day moving average, which signals a constructive long-term regime. The stock is also trading near the upper end of its 52-week range, so momentum is strong but the setup is extended rather than early-stage.
Street sentiment stays constructive: consensus is Buy, with 50 Buy and 20 Hold ratings and no Sell calls. The average target sits around $513.42, while the latest round of updates pushed targets higher, including $725 at KeyBanc and $700 at UBS and Cantor Fitzgerald.
AMD has a solid recent beat pattern, with 4 of the last 7 reported quarters topping EPS estimates. Next-quarter expectations are high, with EPS estimates rising to 13.4647 for next year, so shareholders should watch whether data center and AI demand can justify the step-up.
Recent insider activity leans to net selling, led by Lisa Su and Mark Papermaster. Most of the activity is discretionary sale activity rather than routine award noise, which keeps the signal cautious even though some entries reflect exempt or in-kind transaction mechanics.
Profitability is healthy, with gross margin at 53.1%, operating margin at 14.4%, and net margin at 13.37%. Growth is still strong, with revenue up 37.8% year over year and earnings up 91.2%, while the balance sheet shows $10.55 billion in cash against $4.47 billion of debt.
AMD’s edge remains its AI accelerators, EPYC server CPUs, and broad compute portfolio across data center, client, gaming, and embedded. The valuation is rich at 115.31x earnings, so the market is paying for execution versus peers and the sector.
Similar companies
Peers in the same neighborhood.
- Market Cap
- $851.09B
- P/E
- 169.46
- Fwd P/E
- 69.69
- PEG
- 1.38
- P/S
- 22.72
- P/B
- 13.21
- EV/EBITDA
- 105.04
- Div Yield
- 0.00%
- Gross Margin
- 50.28%
- Op Margin
- 11.65%
- Net Margin
- 13.37%
- ROE
- 8.08%
- ROIC
- 6.22%
Latest fiscal year · YoY change
- Revenue
- $34.64B+34.3%
- Gross Profit
- $17.15B+34.8%
- Op Income
- $3.69B
- Net Income
- $4.33B+164.2%
- EPS
- $2.67+164.4%
- OCF Growth
- +153.5%
- FCF Growth
- +180.0%
- 52W High
- $584.73
- 52W Low
- $149.22
- 50D MA
- $508.48
- 200D MA
- $305.68
- Beta
- 2.47
- RSI (14)
- 50
- Avg Volume
- 33.85M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
AMD said Q1 was a strong inflection quarter, with revenue, EPS and free cash flow all up sharply as AI-driven data center demand accelerated and Q2 guidance pointed to continued broad growth.· May 5, 2026
- Q1 revenue rose 38% year over year to $10.3 billion, with diluted EPS up 43% to $1.37 and free cash flow more than tripling to a record $2.6 billion.
- Data Center revenue grew 57% year over year to a record $5.8 billion, led by EPYC CPUs and Instinct GPUs; server CPU revenue was up more than 50%.
- Management raised the server CPU TAM view to greater than 35% annual growth and over $120 billion by 2030, citing Agentic AI and inferencing demand.
- AMD guided Q2 revenue to about $11.2 billion, plus or minus $300 million, and non-GAAP gross margin to about 56%.
- Client and Gaming grew, but management warned second-half PC and gaming demand could be pressured by higher memory and component costs.
Q1 revenue was $10.3 billion, up 38% year over year; non-GAAP gross margin was 55%, up 170 basis points; operating income was $2.5 billion, or a 25% margin; and diluted EPS was $1.37, up 43%. Free cash flow was a record $2.6 billion, cash from operations was $3.0 billion, and cash, cash equivalents and short-term investments ended at $12.3 billion. By segment, Data Center revenue was $5.8 billion, up 57%; Client and Gaming revenue was $3.6 billion, up 23%; and Embedded revenue was $873 million, up 6%. For Q2, AMD guided revenue to approximately $11.2 billion, plus or minus $300 million, implying about 46% growth at the midpoint, with non-GAAP gross margin of about 56%, operating expenses of about $3.3 billion, other income/expense of a gain of about $60 million, an effective tax rate of 13%, and diluted share count of about 1.66 billion. Management said Data Center should drive very strong Q2 growth, with server CPU revenue expected to grow more than 70% year over year.
Lisa Su framed the quarter as a clear inflection in AMD’s growth trajectory, driven by accelerating AI infrastructure demand across the portfolio. She emphasized that Data Center is now the primary growth engine, and said AI workloads are increasing demand not only for accelerators but also for CPUs used for orchestration, data movement and head-node compute. Her tone was confident and expansive, highlighting strong customer pull for Venice, Helios and MI450, and saying AMD sees a path to exceed its long-term financial targets, including more than $20 in EPS over the strategic time frame.
Jean Hu said Q1 results showed strong execution and operating leverage, with revenue of $10.3 billion, gross margin of 55%, operating income of $2.5 billion, and EPS of $1.37. She highlighted record free cash flow of $2.6 billion, inventory of roughly $8 billion, quarter-end cash and investments of $12.3 billion, and $221 million returned to shareholders via buybacks. For Q2, she guided to roughly $11.2 billion in revenue, 56% gross margin, $3.3 billion of operating expenses, and a 13% tax rate, and said margin strength should be supported by server CPU growth, stronger client mix, and Embedded, partially offset later by MI450 ramp.
Analysts focused heavily on the jump in server CPU TAM, the pace of AI-driven demand, and how AMD is thinking about share versus x86 and ARM competitors. Lisa Su said the TAM increase is largely driven by Agentic AI and inferencing, and that CPU demand is rising because customers now plan CPUs and accelerators together; she also said AMD believes it can grow to greater than 50% share of the server CPU market. Questions also probed AI GPU ramp timing, supply constraints, power and data center build-outs, memory inflation, and margins; management said customer visibility for 2027 deployments is strong, supply is tight but manageable, and the company has enough memory supply to meet and exceed targets.
The positive case from the call is that AMD is seeing broad-based demand acceleration, especially in Data Center, where both EPYC and Instinct are gaining traction. Management sounded confident that AI is expanding the CPU opportunity, that customer visibility is improving, and that new products like Venice, MI450 and Helios could support sustained growth into 2027.
The main risks discussed were tight supply chains, data center build-out and power constraints, and higher memory and component costs. Management also warned that second-half PC and Gaming demand could be weaker because of those costs, and MI450 is expected to be below corporate-average gross margin when it ramps.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 99.5%
- Shares Outstanding
- 1.63B
- Float Shares
- 1.62B
of shares held by institutions
3,348 13F filers
Buy/sell ratio 0.50. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for AMD, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Dan NewhouseHouse · WA04 | Sell | Jul 10, 26 | Filing → |
| Gilbert CisnerosHouse · CA31 | Buy | Jun 5, 26 | Filing → |
| Gilbert CisnerosHouse · CA31 | Buy | May 14, 26 | Filing → |
| Gilbert CisnerosHouse · CA31 | Buy | May 15, 26 | Filing → |
| Josh GottheimerHouse · NJ05 | Buy | May 5, 26 | Filing → |
| Josh GottheimerHouse · NJ05 | Buy | Apr 27, 26 | Filing → |
| Josh GottheimerHouse · NJ05 | Buy | Apr 23, 26 | Filing → |
| Gilbert CisnerosHouse · CA31 | Buy | Apr 14, 26 | Filing → |
| Gilbert CisnerosHouse · CA31 | Sell | Mar 13, 26 | Filing → |
| Thomas SuozziHouse · NY03 | Sell | Feb 18, 26 | Filing → |
| Julia LetlowHouse | Buy | Feb 2, 26 | Filing → |
| Gilbert CisnerosHouse · CA31 | Buy | Feb 10, 26 | Filing → |
| Cleo FieldsHouse · LA06 | Buy | Feb 3, 26 | Filing → |
| Julia LetlowHouse · LA05 | Buy | Jun 17, 25 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Vanguard Group Inc | 158.52M | ▲ 2.53M |
| Blackrock, Inc. | 145.57M | ▼ 1.95M |
| State Street Corp | 74.77M | ▼ 148.06K |
| Geode Capital Management, LLC | 39.79M | ▲ 2.21M |
| Invesco Ltd. | 34.22M | ▼ 2.36M |
| Price T Rowe Associates Inc | 28.85M | ▲ 8.52M |
| Jpmorgan Chase & Co | 24.25M | ▲ 3.34M |
| Morgan Stanley | 23.78M | ▼ 1.26M |
| Norges Bank | 23.02M | ▲ 23.02M |
| Ubs Asset Management Americas Inc | 19.19M | ▲ 561.98K |
| Northern Trust Corp | 16.43M | ▼ 183.82K |
| Fmr LLC | 15.29M | ▲ 977.40K |
Held by 2,710 ETFs
Biggest fund positions in AMD by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jul 15, 26 | Papermaster Mark D | other | 6,000 |
| Jul 15, 26 | Papermaster Mark D | sell | 6,000 |
| Jul 15, 26 | Papermaster Mark D | other | 6,000 |
| Jun 15, 26 | GUIDO PHILIP | other | 7,495 |
| Jun 15, 26 | GUIDO PHILIP | other | 2,950 |
| Jun 15, 26 | GUIDO PHILIP | other | 7,495 |
| Jun 15, 26 | Papermaster Mark D | other | 6,000 |
| Jun 15, 26 | Papermaster Mark D | sell | 6,000 |
| Jun 15, 26 | Papermaster Mark D | other | 6,000 |
| Jun 10, 26 | Su Lisa T | other | 0 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our AMD coverage
Recent articles, reports, and earnings notes.

Advanced Micro Devices (AMD): AI Data Center Growth vs. Rich Valuation
AMD is evolving into a data center and AI infrastructure story, with Q1 2026 revenue up 38% and Data Center sales up 57%. The business is strengthening, but the stock already discounts much of the AI upside.

The AI trade is rotating to hyperscalers, not breaking
The semiconductor selloff looks more like a rotation in AI leadership than the end of the spending cycle. The market is starting to reward the companies that can absorb massive capex and monetize AI at platform scale, not just the suppliers that enabled the first leg.

Advanced Micro Devices, Inc. (AMD) rises 5% on AI event buzz
Advanced Micro Devices, Inc. (AMD) rises about 5% as traders position ahead of its July 22-23 Advancing AI event. The rally is supported by bullish analyst target hikes and a broader semiconductor rebound, even as the stock remains richly valued. Investors are watching for roadmap updates that could justify AMD’s premium multiple.
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AI analysis · Last refreshed July 21, 2026 · Live quote · Not investment advice