Fundamentals · 2026-09-09S&P 500ANNUAL BASIS

Advanced Micro Devices

AMD stock analysis · Information Technology · Semiconductors

FY 2025-12-27ANNUAL FILINGS
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These are research estimates based on annual filings. Valuation uses a cash-flow proxy and explicit assumptions; prices are not live. Published valuations use annual periods first filed by the price date, with later restatements retained.
Reference share price · USD
$580.91HISTORICAL SNAPSHOT

As of · fund-implied per-share value

Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.

View SEC fund filing ↗
Estimated issuer market cap
$948B

Price × SEC outstanding shares. Shares measured 2026-06-27. Approximate; share and price dates can differ.

View share-count filing ↗
Valuation

DCF value

$62.68

Equity cash-flow scenario · SEC outstanding shares at 2026-06-27 · -89.2% versus input cap

How this is calculated ↗
Valuation

Reverse DCF

69.5%

Annual basis · read assumptions below

How this is calculated ↗
Valuation

Relative valuation

-68.0%

12 industry peers · median 69.9×

How this is calculated ↗
Valuation

Historical multiples

212.7×

7 annual observations · snapshot P/E 218.7× · 2.8% versus history

How this is calculated ↗
Valuation

Free cash flow yield

0.7%

Annual basis · read assumptions below

How this is calculated ↗
Quality

ROIC / quality

5.0%

Normalized tax · financing-capital proxy · parent-equity fallback (scope limitation)

How this is calculated ↗
Valuation

Value composite

24/100

Annual basis · read assumptions below

How this is calculated ↗
Momentum

12–1 price momentum

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.

How this is calculated ↗
Investment

Asset growth

11.1%

Annual basis · read assumptions below

How this is calculated ↗
Investment

Net payout yield

Requires reported dividends, repurchases and issuance; missing values are not zero.

Requires reported dividends, repurchases and issuance; missing values are not zero.

How this is calculated ↗
Quality

Accrual quality

-4.6%

Parent-earnings fallback versus consolidated cash flow · scope limitation

How this is calculated ↗
Momentum

Fundamental momentum

16.0%

Annual basis · read assumptions below

How this is calculated ↗

Follow the cash

ANNUAL · USD

Operating cash flow and reinvestment over time

USD · bar maximum 7.7B2020-12-26: cfo $1,071,000,000.002020-12-26: capex $294,000,000.0020202021-12-25: cfo $3,521,000,000.002021-12-25: capex $301,000,000.0020212022-12-31: cfo $3,565,000,000.002022-12-31: capex $450,000,000.0020222023-12-30: cfo $1,667,000,000.002023-12-30: capex $546,000,000.0020232024-12-28: cfo $3,041,000,000.002024-12-28: capex $636,000,000.0020242025-12-27: cfo $7,709,000,000.002025-12-27: capex $974,000,000.002025
Operating cash flowCapital expenditure

Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.

Make the assumptions yours

Personal inputs stay in this browser. Blank fields retain published inputs. Five-year forecast; zero net borrowing. Required return must exceed terminal growth.

How sensitive is the valuation?

DCF per-share sensitivity · includes reviewed preferred and minority-owner claims · rows: required return · columns: growth
Return / Growth3.0%5.0%7.0%
8.0%$78.62$85.78$93.48
10.0%$57.61$62.68$68.12
12.0%$45.45$49.32$53.47

Annual financial history

Open SEC filings ↗
Fiscal year-endRevenueNet incomeOperating cash flowCapital expenditureAssets
2025-12-2734.6B4.3B7.7B974M76.9B
2024-12-2825.8B1.6B3B636M69.2B
2023-12-3022.7B854M1.7B546M67.9B
2022-12-3123.6B1.3B3.6B450M67.6B
2021-12-2516.4B3.2B3.5B301M12.4B
2020-12-269.8B2.5B1.1B294M9B
2019-12-286.7B341M493M217M6B
2018-12-296.5B337M34M163M4.6B

USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.

Trace the inputs

MODEL ANNUAL PERIOD
InputValueSEC tag / sourceFiled
revenue34.6BRevenueFromContractWithCustomerExcludingAssessedTax2026-02-04
netIncome4.3BNetIncomeLoss
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-04
Parent/common earnings proxy4.3BNetIncomeLoss2026-02-04
cfo7.7BNetCashProvidedByUsedInOperatingActivities2026-02-04
capex974MPaymentsToAcquirePropertyPlantAndEquipment2026-02-04
operatingIncome3.7BOperatingIncomeLoss2026-02-04
assets76.9BAssets2026-02-04
equity63BStockholdersEquity
Parent-attributable fallback: a verified consolidated total is unavailable in the supported tags. Noncontrolling interests have not been assumed to be zero; this may differ in scope from consolidated cash flow or operating income.
2026-02-04
Parent book equity proxy63BStockholdersEquity2026-02-04
debt3.2BLongTermDebtCurrent + LongTermDebtNoncurrent2026-02-04
shortDebt874MShortTermBorrowings2026-02-04
cash5.5BCashAndCashEquivalentsAtCarryingValue2026-02-04
shares1.6BWeightedAverageNumberOfDilutedSharesOutstanding2026-02-04
dividendsNot reported under a supported tag
buybacks1.3BPaymentsForRepurchaseOfCommonStock2026-02-04
issuance285MReviewed manual correction
Bounded FY2025-12-27 consolidated financing-statement extraction. Proceeds from sales of common stock through employee equity plans: 285000000 USD [us-gaap:ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions]. All 7 financing lines reconcile exactly to reported financing cash flow -431000000 USD. Cash inflows from common shares, employee plans and option exercises are summed once as displayed on the statement; noncash compensation, withholding payments, preferred and noncontrolling interests are excluded. This review applies only to this issuer and fiscal period. Source limitation: the statement also aggregates other financing cash flows (net 0 USD). Their common-equity portion is not separately disclosed here. Issuance is the sum of separately reported common cash-issuance lines, not an independently verified gross total; additional equity flows may be inside those aggregates.
2026-02-04