Advanced Micro Devices Inc (AMD) fair value: what the stock is really worth
We calculate from audited financials what Advanced Micro Devices Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Advanced Micro Devices Inc
AMD · USStructural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Quality Too ExpensiveQuality growthExcellent quality, but the valuation looks stretched.
What runs behind every stock
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 17, 2026.
How to read this chart
60‑month range $55.94 – $615.52 · fair‑value band $85.92 – $159.56 · the $615.52 price screens above the $122.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 17, 2026.
Company profile
Advanced Micro Devices, Inc. operates as a semiconductor company internationally. It operates in three segments: Data Center, Client and Gaming, and Embedded.
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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.
Stock analysis
Advanced Micro Devices Inc (AMD) currently trades at $615.52, while our model-based Fair Value estimate is $122.74, implying the stock looks roughly 401.5% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $96.44 per share, and 0 of the 26 models we run sit above the $615.52 price.
Bear case: the Asset-Based group reads lowest at $25.89, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: $85.92 (bear) to $159.56 (bull), the price of $615.52 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 75/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Advanced Micro Devices Inc reported revenue of $34.6B in FY2025 versus $16.4B in FY2021, a compound +20.5%/yr. Reported net income was $4.3B in FY2025, compounding +8.2%/yr from FY2021.
Key figures
Market cap $1.0T · P/E ratio 215.2 · P/S ratio 26.9 · EPS (TTM) $2.86 · Dividend yield 0.0% · Net margin 12.5% · Return on equity 8.1% · Return on assets (EBIT) 7.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (medium confidence).
What moves the price
The share trades near its 52-week high, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −20% fair-value upside, at −80%, AMD screens richer than that median.
Fair Value models
All 26 models by family
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Set up alert →Quality Score breakdown
Of which business quality 73 · Market factors (momentum, volatility) 65
Revenue & earnings trend
Growth Forecast
AMD screens 402% overvalued. Compare with NVIDIA Corporation →
Compare Advanced Micro Devices Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Semiconductors · 327 stocks
Valuation Multiplesvs Semiconductors median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Semiconductors stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NVIDIA Corporation NVDA | $212.17 | $197.96 | −7% |
| Taiwan Semiconductor Manufacturing Company TSM | $413.75 | $455.13 | +10% |
| Broadcom Inc AVGO | $339.27 | $272.24 | −20% |
| SK hynix Inc 000660 | 1,759,000 KRW | 1,934,900 KRW | +10% |
| Micron Technology, Inc MU | $927.60 | $148.38 | −84% |
| Intel Corporation INTC | $97.14 | $35.41 | −64% |
| Texas Instruments Incorporated TXN | $263.43 | $78.54 | −70% |
| Arm Holdings ARM | $241.83 | $44.44 | −82% |
| Semiconductor Manufacturing International Corporation 688981 | ¥117.41 | ¥16.54 | −86% |
| QUALCOMM Incorporated QCOM | $187.80 | $206.58 | +10% |
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