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Advanced Micro Devices
S&P 500 Nasdaq 100
🏹 Trader: 💎 VCP Breakout | BRS 68 Forming View all →
$838.2B
Market Cap
80.7
P/E
0.86
PEG
6.7%
ROCE
7.1%
ROE
0.06
D/E
10.8%
OPM
-13.2%
% from 52W High
97
α RS
🔍 AMD is showing a high-conviction setup because it matches 3 of 39 tracked screener presets, Sector RRG has Technology in the Leading quadrant with the trail still rolling over, and RS Rating is 97 (top decile vs market). Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating
Sources
Conviction 3/39 · Technology in Leading quadrant · RS Rating 97
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🌏 Global Investor Returns
Currency-adjusted total returns for AMD including FX impact
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📈 Price History
Ratio Health
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By Category
📊 Sector Averages
About

Advanced Micro Devices, Inc. operates as a semiconductor company internationally. It operates in three segments: Data Center, Client and Gaming, and Embedded. The company offers artificial intelligence (AI) accelerators, microprocessors, and graphics processing units (GPUs) as standalone devices or as incorporated into accelerated processing units, chipsets, and data center and professional GPUs; and embedded processors and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing units, field programmable gate arrays (FPGA), system on modules, AI network interface cards, and adaptive SoC products. It provides processors under the AMD Ryzen, AMD Ryzen AI, AMD Ryzen PRO, AMD Ryzen Threadripper, AMD Ryzen Threadripper PRO, AMD Athlon, and AMD PRO A-Series brands; graphics under the AMD Radeon graphics and AMD Embedded Radeon graphics; professional graphics under the AMD Radeon Pro graphics brand; and AI and general-purpose compute infrastructure for hyperscale providers. The company offers data center graphics under the AMD Instinct accelerators and Radeon PRO V-series brands; server microprocessors under the AMD EPYC brand; low power solutions under the AMD Athlon, AMD Geode, AMD Ryzen, AMD EPYC, and AMD R-Series and G-Series brands; FPGA products under the Virtex-6, Virtex-7, Virtex UltraScale+, Kintex-7, Kintex UltraScale, Kintex UltraScale+, Artix-7, Artix UltraScale+, Spartan-6, and Spartan-7 brands; adaptive SOCs under the Zynq-7000, Zynq UltraScale+ MPSoC, Zynq UltraScale+ RFSoCs, Versal HBM, Versal Premium, Versal Prime, Versal AI Core, Versal AI Edge, Vitis, and Vivado brands; and compute and network acceleration board products under the Alveo and Pensando brands. It serves original equipment and design manufacturers, public cloud service providers, system integrators, distributors, and add-in-board manufacturers. The company was incorporated in 1969 and is headquartered in Santa Clara, California.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding AMD
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Manager Shares Value % of Fund Period
Cathie Wood ARK Investment Management 2.71M $551.9M 4.29% Mar 2026
Steve Cohen Point72 Asset Management 1.41M $287.8M 0.37% Mar 2026
David Tepper Appaloosa LP 221.4K $45.0M 0.76% Mar 2026
Jim Simons Renaissance Technologies LLC 216.9K $42.8M 0.07% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$11.5B
+50% YoY
Operating Income
$3.1B
+245% YoY
Operating Margin
27%
+15pp YoY
Net Income
$2.8B
+253% YoY
What Went Right
  • Data Center revenue was a record $6.7B, up 107% YoY, and now represents 58% of total revenue.
  • Server CPU revenue hit a fifth straight quarterly record, with cloud and enterprise each growing more than 70% YoY.
  • Instinct accelerator sales more than doubled YoY and Helios is tracking ahead of initial forecast with OpenAI, Meta, Anthropic and Microsoft commitments.
What to Watch
  • Gaming segment revenue declined 31% YoY to $779M, driven by lower semi-custom sales late in the console cycle.
  • Management expects a softer PC market in H2 due to higher memory and component costs, also pressuring gaming graphics demand.
  • Server CPU supply chain remains tight and HBM/memory allocation plus Helios yield ramp are key execution risks.
Management Guidance
  • Q3 2026 revenue of approximately $13.0B ± $300M, up 41% YoY.
  • Q3 non-GAAP gross margin of approximately 56%, operating expenses of approximately $3.65B, other income/expense of approximately $55M, and tax rate of 13%.
  • 2027 outlook: Data Center segment revenue expected to more than double YoY; server CPU revenue expected to grow more than 70% in 2027; server revenue expected to grow more than 80% YoY in H2 2026.
Investor Lens
The thesis is stronger after this call. Data Center is scaling rapidly, with server CPUs now a durable growth engine and Helios giving clear line-of-sight into 2027. Management also raised long-term TAM estimates and now expects revenue to grow substantially above the prior >35% target while EPS significantly exceeds $20. Supply constraints and memory costs are risks, but AI/server demand and customer commitments offset them.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Record Q2: revenue $11.5B, +50% YoY; Data Center +107%
Revenue
Revenue hit a record $11.5B, up 50% YoY and 13% sequentially. Data Center was the main driver at $6.7B (+107% YoY), while Client grew 23% to $3.1B, Embedded rose 19% to $977M, and Gaming fell 31% to $779M.
Profitability
Non-GAAP net income was $2.8B and diluted EPS was $1.66, up 246% YoY as reported in the earnings release. On a comparable basis excluding export-control-related charges, EPS grew approximately 82% YoY.
Margins
Non-GAAP gross margin expanded to 56%, up over 200 basis points YoY on a comparable basis and 80bps sequentially. Non-GAAP operating margin was 27%, up 15pp YoY, with operating income of $3.1B despite 40% higher operating expenses.
Balance Sheet
Cash, equivalents and short-term investments were $13.1B at quarter-end. Cash from continuing operations was $2.4B and free cash flow was $1.6B; inventory rose to approximately $8.5B to support data center demand.
Key Risks
Management flagged a softer PC market in the second half due to memory/component cost inflation, continued gaming weakness, and tight server CPU/HBM supply. Helios is a high-complexity ramp where yields are expected to improve over the next few quarters.
Outlook
Q3 revenue is guided to approximately $13.0B ± $300M, up 41% YoY at the midpoint, with gross margin around 56%. Management also expects Data Center segment revenue to more than double in 2027 and server CPU revenue to grow more than 70% off a much higher base.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-04
Record quarterly revenue and profitability driven by strong data center and AI product adoption, with data center revenue more than doubling year-over-year. Outlook remains robust, with continued double-digit growth expected in data center and embedded segments, and EPS projected to significantly exceed prior targets.
Q1 2026 Q1 2026 2026-05-05
Q1 2026 saw 38% revenue growth to $10.3B, led by a 57% surge in data center revenue and record free cash flow. Strong AI-driven demand is accelerating CPU and GPU sales, with server CPU TAM now projected to exceed $120B by 2030.
Q4 2025 Q4 2025 2026-02-03
Record 2025 revenue and profits were driven by strong growth in data center, AI, and client segments, with significant share gains and robust product launches. Outlook for 2026 remains bullish, with continued investment in AI, expected margin expansion, and disciplined capital allocation.
Q3 2025 Q3 2025 2025-11-04
Record Q3 revenue and profitability were driven by strong growth in data center AI, server, and PC segments, with significant new partnerships and product launches fueling momentum. Q4 guidance projects continued double-digit growth, especially in data center and client/gaming.
Q2 2025 Q2 2025 2025-08-05
Record Q2 revenue of $7.7B, up 32% YoY, driven by strong EPYC and Ryzen sales, offsetting export control headwinds. Q3 guidance calls for $8.7B revenue, 54% non-GAAP gross margin, and strong growth in data center, client, and gaming segments.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Information Sources:
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