AMD Tops $1 Trillion in Market Value as Shares Close at $615.52

Key Facts
AMD's market value exceeded $1 trillion for the first time on September 21, 2026. The shares closed at $615.52 after trading between $582.27 and $616.69, according to EL7 data.
The milestone followed AMD's record revenue of $11.536 billion for the second quarter ended June 27, 2026, up 50% year over year. Data Center revenue reached $6.718 billion, rising 107% and representing 58% of total revenue, supported by demand for EPYC processors and Instinct GPUs.
Market capitalization is calculated by multiplying the share price by shares outstanding; it is not revenue or profit. Applying the $615.52 close to AMD's latest disclosed share count of about 1.632 billion as of July 29 produces an indicative value of roughly $1.005 trillion. The figure remains an estimate because the share-count date precedes the trading session.
Whether the valuation holds will depend on AMD converting demand into sales and margin growth. The company forecasts third-quarter revenue of about $13 billion, plus or minus $300 million. The midpoint implies approximately 41% year-over-year growth and a 13% sequential increase, with non-GAAP gross margin expected at about 56%.