AMD is a CPU, GPU, and adaptive-computing company whose stock thesis depends on data-center GPUs, EPYC server share, ROCm software progress, and hyperscaler efforts to diversify beyond Nvidia.

Advanced Micro Devices (AMD) Stock Price & Market Analysis
AMD · NASDAQ · Semiconductors
$633.91
▲ +$18.18(+2.95%)4:00 PM ET - vs previous closeQuote as of Oct 2, 2026, 4:00 PM EDT
Regular-session close · Oct 2, 2026, 4:00 PM EDT.
Yahoo Finance · delayed, minutes not stated · as of Oct 2, 2026, 4:00 PM EDT · current source
Long-term rangesAvailable historyHide
Available history: 2000-10-02–2026-10-02. This is the supplied data window, not a verified inception date. Range extremes use intraday highs/lows where supplied, otherwise closes. Provider-reported; adjustment basis unspecified. The separate 52-week range uses Yahoo Finance figures; its adjustment basis is unspecified.
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Reported fundamentals
AMD research snapshot
Annual revenue
USD 34.64B
Sales for the fiscal year ended Dec 27, 2025. This is not trailing twelve-month revenue.
Revenue change
+34.3%
Change versus the fiscal year ended Dec 28, 2024.
Net profit margin
12.5%
Net income divided by revenue for the fiscal year ended Dec 27, 2025. This is not the trailing margin.
These reported results describe the business’s recent scale and profitability. Compare cash generation and valuation before forming an investment view; historical growth is not a forecast.
Company · Profile
About Advanced Micro Devices (AMD)
Sector, leadership, and how Advanced Micro Devices earns its revenue.
Technology
Company · Profile
About Advanced Micro Devices (AMD)
Sector, leadership, and how Advanced Micro Devices earns its revenue.
Advanced Micro Devices
NASDAQ · AMD · US
Company narrative is editorial context. Narratives and leadership records are excluded from current quality ratings.
- Sector
- Technology
- Industry
- Semiconductors
- Headquarters
- Santa Clara, California
- Country
- US
- Founded
- 1969
- Employees
- 31,000
- CEO
- Lisa Su
- Exchange
- NASDAQ
How Advanced Micro Devices makes money
AI GPUs
Instinct is the swing factor
AMD valuation increasingly depends on whether Instinct accelerators win meaningful AI training and inference deployments at hyperscale customers.
Software
ROCm has to close enough of the CUDA gap
Hardware alone is not enough. The old article emphasized software progress as the reason large customers can consider AMD for serious AI workloads.
CPU base
EPYC provides durable data-center relevance
Server CPUs give AMD an existing channel into data centers and help stabilize the story while AI GPU share develops.
Competitive frame
Second source can still be valuable
AMD does not need to replace Nvidia to create equity value; it needs to become a credible second source in a market where customers want supply diversity.
Key takeaways for AMD
AMD is a share-gain and second-source AI infrastructure story.
The bull case requires both Instinct adoption and software maturity, not only chip specifications.
The bear case is that Nvidia ecosystem advantages keep AMD from earning premium AI margins.
Business model & operating evidence
AI business exposure
- Revenue exposure
- AI-specific revenue is not separated in the available company statements.
- Capital-spending dependency
- No reviewed quantitative dependency model is available.
- Compute role
- See the sourced business description; AI labels do not establish compute revenue.
- Platform examples
- An exhaustive, consistently defined product inventory is unavailable.
- Ecosystem links
- Supplier and customer links require reviewed disclosures.
Narrative versus numbers
Demand is expanding
Supporting observation: 50.1%
Year-over-year growth in the latest quarter. This is not the fiscal-year revenue change in the snapshot above. · TECHi unified data · 2026-06-27
Growth produces accounting profit
Supporting observation: 15.6%
Trailing net margin. A positive figure supports profitability, not cash generation, and it is not the fiscal-year margin above. · SEC Companyfacts · 2026-10-03T06:30:59.591Z
The business generates cash after investment
Supporting observation: USD 1.56B
Latest reported free cash flow. It is not a forecast and it is not the fiscal-year snapshot. · SEC Companyfacts · 2026-06-27
These are explicit tests of individual claims, not an overall bull/bear rating. Demand growth can coexist with valuation, concentration and financing risk.
Operating measures
- Revenue
- $11.54Bquarter ended Jun 27, 2026
- Gross margin
- 53.8%quarter ended Jun 27, 2026
- Operating margin
- 17.3%quarter ended Jun 27, 2026
- EPS
- $1.38quarter ended Jun 27, 2026
- Capital expenditure
- $808.00Mquarter ended Jun 27, 2026
- Free cash flow
- $1.56Bquarter ended Jun 27, 2026
- Free cash flow margin
- 13.5%quarter ended Jun 27, 2026
- Operating cash / net income
- 1.03×quarter ended Jun 27, 2026
- Revenue growth year over year
- 50.1%quarter ended Jun 27, 2026
Leadership
CEO: Lisa Su
Source: TECHi curated profile
Ownership filings and insider activityCompetitors & comparisons
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Governance & sustainability
All data sources
Search the dated figures used for this view. Each entry identifies its units, reporting period and calculation status.
Market closed
Regular hours: 9:30 AM–4:00 PM America/New_York
Next open: 2026-10-05 · 9:30 AM America/New_York
Exchange calendar includes scheduled holidays and early closes. Extended-session prices appear separately only when supplied by the quote source.
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