AMD
Advanced Micro Devices, Inc.

Advanced Micro Devices, Inc.AMD

Technology · Semiconductors
449.04USD
+11.04%
Nov 08, 2026
AMD overview ready
Global semiconductor supplier of microprocessors and AI accelerators for data centers
AMD designs and sells semiconductor products including microprocessors, GPUs, and AI accelerators, operating globally across data center, client, gaming, and embedded markets.
Primary theme is lagging
AI Compute Semiconductors is lagging (-28.0pp vs SPY over 21 sessions; 0 of 6 members ahead of SPY).
Price structure is giving way
Longer-term context reads extended trend, with a near-term setup of pullback recovery.
Demanding valuation
The price embeds expectations that run ahead of what comparable businesses command.
Fundamentals under pressure
Free cash flow yield is weak.
Market Nov 6Filing Sep 26Price action Nov 7Research Jul 16

Conviction Level

PriceAction3.4BusinessPerformance5.0BusinessQuality7.4Valuation2.1ThemeMomentum1.0Stable — Revenue is growing at a steady pace (+45% year over year). Diluted EPS is up 95% year over year ($1.46), but growth has slowed from +156%. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−28.0pp
Theme return
−33.0%
Beating SPY
0 of 6
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price structure is giving way
Longer-term context reads extended trend, with a near-term setup of pullback recovery.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$736.5B
Avg Volume (60D)
24.5M
60 sessions
Revenue Growth YoY
+34.3%
FY2025 vs FY2024
Gross Margin
+53.7%
Trailing twelve months
Operating Margin
+17.7%
Trailing twelve months
Free Cash Flow Yield
+1.0%
Distance from 200DMA
+7.9%
Next Earnings
2027-02-02
P/E
96.7x
EV / Sales
16.0x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 26, 2026
Filed balance-sheet data as of Sep 26, 2026

Business Performance

Stable

Revenue is growing at a steady pace (+45% year over year). Diluted EPS is up 95% year over year ($1.46), but growth has slowed from +156%.

Latest reported: Q3 FY2026, ended Sep 26
Revenue growthGrowing
+45%
$13.4B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +34%
  2. +38%
  3. +50%
  4. +45%
Earnings growthSlowing
+95%
Diluted EPS $1.46 vs $0.75 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +217%
  2. +91%
  3. +156%
  4. +95%
Operating marginExpanding
21.2%
+7.4 pp YoY · gross margin 53.9% (+2.2 pp)

Business Quality

7.4 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads expensive.
Advanced Micro Devices, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command.

What changed

  • AMD rose 11.0% in one session
    AMD closed +11.0% while the broad market was close to flat (+0.3%).
    2026-11-06

Company Research

Research coverage for this company is in progress.

Economic classification

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Business & Markets

Technology · Semiconductors
What they do

AMD designs and sells semiconductor products including microprocessors, GPUs, and AI accelerators, operating globally across data center, client, gaming, and embedded markets.

How it earns

AMD generates revenue primarily through transactional sales of semiconductor products and related development services.

Products & services
AI accelerators
Microprocessors
Graphics processing units (GPUs)
Embedded processors
Semi-custom system-on-chip (SoC) products
Customers & end markets
Data center operators
PC and gaming device manufacturers
Embedded systems customers
Market position

Leader in high-performance computing and graphics semiconductor markets with growing presence in AI acceleration.

Demand drivers
High cyclicality

Semiconductor demand is sensitive to technology cycles, end-market spending, and macroeconomic conditions.