| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 8 | 132.9x | 17.3x | Bottom tier | |
Growth | 95 | 39.5% | 7.1% | Top tier | |
Quality | 72 | 8.0% | 4.5% | Top tier | |
Safety | 94 | — | 2.6x | Top tier | |
Capital Return | 35 | 0.00% | 0.06% | Bottom tier | |
Momentum | 90 | 158.2% | -1.5% | Top tier | |
Sentiment | 63 | 30 | 3 | Around median |
The floor: what the company is worth if growth stopped today
94% of today's price is what a buyer pays for growth that has not happened yet.
10-year US Treasury yield 5.13% as of 2026-10-21. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Advanced Micro Devices develops EPYC server processors, Instinct accelerators, and Helios platforms for AI data centers, as well as Ryzen processors for personal computers, alongside gaming products and embedded solutions. Revenue comes from selling these chips and platforms to cloud service providers, AI laboratories, computer and server manufacturers, and customers in the networking, telecommunications, defense, and industrial sectors. The data center business has become the largest driver, while the client and embedded businesses provide partial diversification against the downturn in the gaming platform cycle.
In Q2 of fiscal year 2026 ended 2026-06-27, AMD recorded revenue of $11.5 billion, up 50.1% year over year from $7.7 billion, net income of $2.3 billion, and diluted earnings per share of 1.38. Gross margin was 53.8% versus 39.8% in Q2 of fiscal year 2025, and operating margin was 17.3% versus -1.7%. The data center segment generated $6.7 billion, up 107% year over year and equivalent to 58% of revenue, while the client and gaming segment recorded $3.8 billion and the embedded segment recorded $977.0 million.
The company generated operating cash flow of $2.4 billion in Q2 of fiscal year 2026. Over the last 12 months through 2026-06-27, operating cash flow was $10.1 billion and free cash flow was $8.4 billion, compared with net income of $6.4 billion. AMD ended the quarter with $13.1 billion in cash and investments and $3.2 billion in debt, while the diluted share count rose 1.8% year over year to 1.66 billion shares.
Q2 FY2026
Last 12 months to 2026-06-27
When: 2026-11-03
Q3 fiscal year 2026 revenue at the $13.0 billion threshold
Adjusted gross margin for Q3 of fiscal year 2026 at the 56% threshold
The median target of 16 analysts is $635, within a range of $260 to $1250, a method that prices expected growth; the consensus average is $602.59, following 13 increases and no reductions during the 90 days through 2026-09-27. The industry-multiple value is $340, within a range of $209 to $542, which values AMD like its peers based on next year's earnings and a median multiple of 33.2 for 69 companies. The discounted cash flow model gives a low-confidence indicative value of $247, within a range of $213 to $291, at a discount rate of 14.2%, and measures the value of the cash the company is expected to generate. The industry-multiple and cash-flow methods form a relatively lower group, while analyst targets assign a higher value because they price in stronger expected growth; analyst targets are optimistic by nature, while the cash-flow model tends to be conservative, and the divergence is consistent with the weak valuation pillar at 15 out of 100 within the industry.
Figures in the text are as of 2026-09-27; the live price is shown at the top of the page.
Data center revenue reached $6.7 billion in Q2 of fiscal year 2026 ended 2026-06-27, up 107% year over year. The segment represented 58% of company revenue, up from 42% a year earlier, supported by EPYC processors and Instinct accelerators. Cloud and enterprise server sales also grew by more than 70%, and EPYC became available across more than 1,600 types of public cloud instances.
AMD expects revenue of approximately $13.0 billion, with a margin of ±$300.0 million, in Q3 of fiscal year 2026. The midpoint of the range represents expected year-over-year growth of 41%, with an adjusted gross margin of approximately 56%. Growth is expected to come from data centers and the embedded segment, offset by a strong double-digit decline in gaming.
Helios combines EPYC Venice processors, MI450 units, Pensando networking, and ROCm software in a single rack-scale platform. The platform entered production, with initial shipments scheduled for Q3 of fiscal year 2026 and a larger ramp in Q4. Anthropic plans to deploy up to 2 gigawatts of MI450, with the first gigawatt beginning in the first half of fiscal year 2027, while Microsoft also plans to deploy Helios on Azure.
Automated analysis for informational purposes only — not investment advice.
Net income was $6.4 billion over the last 12 months through 2026-06-27, compared with operating cash flow of $10.1 billion. Those cash flows equal 157% of net income, and free cash flow was $8.4 billion over the same period. In Q2 of fiscal year 2026, the company held $13.1 billion in cash and investments versus $3.2 billion in debt.
During the 90 days through 2026-09-27, 78 open-market sales by six insiders were recorded, with a total value of $108.9 million. The value included $101.1 million under prearranged 10b5-1 trading plans and $7.7 million outside them, and the largest seller was an executive officer with sales worth $55.4 million. No open-market purchases were recorded during the period, and these figures are presented as a description of the transactions without inferring a direction for the stock.