Advanced Micro Devices, Inc. (AMD) stock analysis
Company overview and business model
Source fact: 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.
Classification: NASDAQ · Technology · Semiconductors
Revenue and growth
Source fact: Revenue was USD 34.64 billion for the period ending 2025-12-31.
Caverian calculation: Revenue changed +34.3% (FY2025 vs FY2024).
Profitability
Source fact: Net income was USD 4.33 billion in the latest reported period.
Source metric: Reported net margin was 12.5%.
Balance sheet and liquidity
Source fact: Cash and equivalents were USD 5.54 billion.
Source fact: Total debt was USD 3.85 billion.
Source metric: Current ratio was 2.85x.
Cash-flow analysis
Source fact: Operating cash flow was USD 7.71 billion.
Source fact: Free cash flow was USD 6.74 billion.
Valuation
Source metrics: Trailing P/E 119.15x; Forward P/E 30.35x; Price to book 11.40x; Price to sales 18.55x; EV/EBITDA 79.22x.
Caverian model output: Value score was 28/100.
Competitive position
Classification: Peer context: Semiconductors within Technology.
Caverian model output: Quality score was 72/100.
Caverian model output: Growth score was 73/100.
Material risks
Caverian model interpretation: Watch out: price swings more than the broader market (beta 2.5).
Caverian calculation: Altman Z-score was 34.05 (safe zone).
Caverian calculation: Piotroski F-score was 7/9.
Data sources and freshness
Freshness: This report uses a stored upstream snapshot; statement periods are shown alongside the figures.
Methodology and limitations
Facts reproduce stored upstream fields. Calculations derive only from the displayed stored statements. Model outputs are Caverian interpretations, not investment advice or a buy/sell recommendation.
How Caverian approaches valuation · Sources and product principles