AMD's accelerating revenue growth, driven by a data center segment that more than doubled, has propelled gross margins to 53.8% and operating margins to 17.3% in 2026Q2, demonstrating significant operating leverage. The company's fortress-like balance sheet, w...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated to 50.1% year-over-year in 2026Q2, reaching $11.5B, with gross margin expanding from 46.8% in 2024Q1 to 53.8%, reflecting a favorable mix shift toward high-margin data center products.
AMD is expected to benefit from the AI boom and data center expansion, driven by strong demand for EPYC server CPUs and partnerships with major hyperscalers like Meta and OpenAI.
The MI400 data center GPU roadmap, including the MI350 and MI450, is a significant catalyst for AMD's competitive position in AI hardware.
AMD's EPYC processors are gaining market share in the server segment, aided by Intel's supply constraints, which is expected to enhance revenue and profitability.
Nvidia poses a strong competitive threat in AI accelerators, leveraging a well-established software ecosystem that AMD's ROCm is still developing.
U.S. export controls on GPUs to China have impacted AMD's revenue and could further compress margins if trade policies escalate.
AMD's stock has seen significant gains, resulting in a high forward price-to-earnings ratio, which may deter value investors.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Aug 4, 2026 | $1.66+2.5% vs $1.62 | $11.5B+2.0% vs $11.3B |
Q2 2026 May 5, 2026 | $1.37+6.2% vs $1.29 | $10.3B+3.6% vs $9.9B |
Q1 2026 Feb 3, 2026 | $1.53+15.9% vs $1.32 | $10.3B+6.2% vs $9.7B |
Q4 2025 Nov 4, 2025 | $1.20+2.6% vs $1.17 | $9.2B+5.6% vs $8.8B |
Three stocks firmly tied to the AI infrastructure buildout, Arm Holdings ARM, Advanced Micro Devices AMD, and CoreWeave CRWV, have all been drawing extra investor attention lately.
AMD's stock recently topped $1 trillion in market cap for the first time, as it has hit a new all-time high. Nvidia remains the most valuable company on U.S. markets, but its gains are fairly modest when compared to AMD this year.
In January 2024, Team Rule Breakers recommended Advanced Micro Devices (AMD +0.78%), a stock that had already climbed hard the year before, in Stock Advisor at $162.67 a share. That's Habit #1 of David Gardner's Rule Breaker framework: Let your winners run.
When a chipmaker eclipses a $1 trillion valuation, investors naturally question whether the underlying rally can sustain a durable threat to incumbent leaders. Crossing this historic capitalization threshold places the business alongside elite hardware designers.
Benchmark AMD against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Advanced Micro Devices, Inc. (AMD)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $623.77 | $1.02T | 235.38 | 34.34% | 12.51% | 7.19% | — | |
| $123.86 | $624.75B | -2102.89 | -0.47% | -19.79% | -9.58% | — | |
| $228.87 | $5.54T | 46.71 | 65.47% | 63.66% | 110.11% | — | |
| $198.27 | $208.18B | 39.57 | 13.66% | 21.01% | 37.33% | — | |
| $333.20 | $354.52B | 392.00 | 22.79% | 20.25% | 13% | — | |
| $262.36 | $229.51B | 85.46 | 42.09% | 27.93% | 16.22% | — |
Advanced Micro Devices, Inc. (AMD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Advanced Micro Devices, Inc. (AMD) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 4, 2026·SEC
Jul 1, 2026·SEC
May 15, 2026·SEC
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Advanced Micro Devices, Inc. (AMD) stock FAQ — growth, dividends, profitability & financials explained
Advanced Micro Devices, Inc. (AMD) reported $41.30B in revenue for fiscal year 2025. This represents a 2015% increase from $1.95B in 1996.
Advanced Micro Devices, Inc. (AMD) grew revenue by 34.3% over the past year. This is strong growth.
Yes, Advanced Micro Devices, Inc. (AMD) is profitable, generating $6.43B in net income for fiscal year 2025 (12.5% net margin).
Advanced Micro Devices, Inc. (AMD) has a return on equity (ROE) of 7.2%. This is below average, suggesting room for improvement.
Advanced Micro Devices, Inc. (AMD) generated $8.40B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
