Advanced Micro Devices, Inc. (AMD) Stock Analysis — Fair Value, Risk & Moat Rating
NMS · Technology · Semiconductors
Is Advanced Micro Devices, Inc. a safe investment right now?
Advanced Micro Devices, Inc.'s Altman Z-Score of 22.34 places it in the safe zone. Our fair value estimate is $170.80 (Overvalued). Moat rating: 2.9/5 stars.
Could Advanced Micro Devices, Inc. go bankrupt? Altman Z-Score analysis
Z-Score of 22.34 is above 3.0, indicating the company is financially healthy by this metric.
- Below 1.8 — Distress Zone (high bankruptcy risk)
- 1.8 to 3.0 — Gray Zone (elevated uncertainty)
- Above 3.0 — Safe Zone (financially healthy)
What drives AMD's Z-Score?
| Component | Formula | Value | Weight | Contribution |
|---|---|---|---|---|
| A · Working Capital / Total Assets | WC / TA | 0.2274 | 1.2 | 0.27 |
| B · Retained Earnings / Total Assets | RE / TA | 0.0871 | 1.4 | 0.12 |
| C · EBIT / Total Assets | EBIT / TA | 0.0555 | 3.3 | 0.18 |
| D · Market Cap / Total Liabilities | MCap / TL | 35.5256 | 0.6 | 21.32 |
| E · Revenue / Total Assets | Rev / TA | 0.4503 | 1.0 | 0.45 |
How has AMD's financial health changed over time?
| Year | Z-Score | Zone |
|---|---|---|
| 2022 | 23.7 | Safe |
| 2023 | 25.31 | Safe |
| 2024 | 26.19 | Safe |
| 2025 | 22.34 | Safe |
Source: Calculated from AMD's latest 10-K filing on SEC EDGAR.
What is Advanced Micro Devices, Inc. actually worth?
How we calculated this
| Input | Value | Source |
|---|---|---|
| Predicted EPS (α) | $4.27 | Proprietary blend of reported actuals + analyst consensus, weighted by α |
| Last Year EPS | $2.65 | Annual report (SEC EDGAR) |
| Analyst Consensus EPS (This Year) | $6.70 | 46 analysts consensus |
| Trailing P/E | 116.3x | Current market pricing |
| Fair P/E (β discount) | 40.0x | Trailing PE adjusted by value discount factor β, hard-capped |
| Earnings Trend (γ) | Accelerating | Directional signal: predicted vs trailing EPS |
Wall Street Reference: Analyst consensus target price is $292.39 (46 analysts). This is shown for reference only and is not used in our valuation model.
Source: Earnings data from SEC EDGAR filings. Market data via Yahoo Finance.
Does Advanced Micro Devices, Inc. have a durable competitive advantage?
Moat rating: 2.9/5.
What makes up AMD's moat score?
ROIC Stability
ROIC variability over the past decade. Score: 2/5.
Gross Margin Trend
Gross margin trajectory over the past decade. Score: 4/5.
Switching Costs
Estimated customer lock-in based on margin level. Score: 3/5.
How stable is AMD's return on invested capital?
| Year | ROIC | Trend |
|---|---|---|
| 2022 | 2.2% | — |
| 2023 | 1.0% | Declining |
| 2024 | 3.5% | Rising |
| 2025 | 6.5% | Rising |
Source: ROIC calculated from SEC EDGAR filings.
Is Advanced Micro Devices, Inc.'s dividend safe?
Advanced Micro Devices, Inc.'s key financial metrics
| Metric | Latest | 1Y Ago | 3Y Ago | Trend |
|---|---|---|---|---|
| Revenue | $34.6B | $25.8B | $23.6B | Rising |
| Net Income | $4.3B | $1.6B | $1.3B | Rising |
| Free Cash Flow | $6.7B | $2.4B | $3.1B | Rising |
| Gross Margin | 49.5% | 49.4% | 44.9% | Rising |
Recent events that affect our AMD analysis
AMD earnings report scheduled
Upcoming report. Consensus EPS estimate: $1.28. Revenue estimate: $9.87B. Our current Fair Value: $170.80 — a significant beat or miss could shift this estimate.
AMD analyst consensus: 73% bullish (36 of 49 analysts)
4 Strong Buy, 32 Buy, 13 Hold, 0 Sell, 0 Strong Sell. Consensus target: $292.39 (3.6% downside). Compare with our independent Fair Value: $170.80.
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMD filed annual report (10-K)
Annual filing with full-year financials. Our Altman Z-Score, Moat, and Fair Value models are derived from this data. View on SEC EDGAR →
AMD beat EPS estimates by 16.0%
Reported EPS: $1.53 vs estimate $1.32. Earnings strength supports our Fair Value of $170.80 (43.7% below current price).
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMD filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
AMD beat EPS estimates by 2.5%
Reported EPS: $1.20 vs estimate $1.17. Earnings strength supports our Fair Value of $170.80 (43.7% below current price).
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMD filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
AMD missed EPS estimates by 0.6%
Reported EPS: $0.48 vs estimate $0.48. Our Fair Value of $170.80 may face downward pressure if the trend continues.
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMD filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
AMD beat EPS estimates by 2.8%
Reported EPS: $0.96 vs estimate $0.93. Earnings strength supports our Fair Value of $170.80 (43.7% below current price).
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
AMD filed annual report (10-K)
Annual filing with full-year financials. Our Altman Z-Score, Moat, and Fair Value models are derived from this data. View on SEC EDGAR →
AMD beat EPS estimates by 0.4%
Reported EPS: $1.09 vs estimate $1.09. Earnings strength supports our Fair Value of $170.80 (43.7% below current price).
AMD filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
Common questions about Advanced Micro Devices, Inc.
What is Advanced Micro Devices, Inc. stock price today?
Advanced Micro Devices, Inc. (AMD) stock price is $303.46 as of the latest market close, traded on the NASDAQ exchange.
What does Advanced Micro Devices, Inc. do?
Advanced Micro Devices, Inc. operates as a semiconductor company internationally. It operates in three segments: Data Center, Client and Gaming, and Embedded.
What is Advanced Micro Devices, Inc. market cap?
Advanced Micro Devices, Inc. has a market capitalization of $494.76B, classifying it as a mega-cap stock in the Technology sector.
What sector and industry is AMD in?
Advanced Micro Devices, Inc. operates in the Technology sector, specifically within the Semiconductors industry. It trades on the NASDAQ under the ticker symbol AMD.
Is AMD stock overvalued or undervalued?
Based on our valuation model, Advanced Micro Devices, Inc. trades 77.7% above our fair value estimate — potentially overvalued.
- FairValueLabs Fair Value: $170.80
- Current Price: $303.46
- Valuation Zone: Overvalued
What is AMD stock forecast and analyst target price?
Based on 46 Wall Street analysts, the consensus price target for Advanced Micro Devices, Inc. is $292.39, implying downside of 3.6% from the current price.
- Analyst High Target: $365.00
- Analyst Low Target: $220.00
Note: Analyst targets are shown for reference and are not used in our valuation model.
Is Advanced Micro Devices, Inc. revenue and earnings growing?
Here are the analyst consensus growth estimates for Advanced Micro Devices, Inc.:
- Revenue growth (current year est.): 34.9%
- EPS growth (current year est.): 60.8%
- Revenue growth (next year est.): 45.6%
- EPS growth (next year est.): 63.7%
What are Advanced Micro Devices, Inc.'s key financial metrics?
| Metric | Latest | Trend |
|---|---|---|
| Revenue | $34.6B | Rising |
| Net Income | $4.3B | Rising |
| Free Cash Flow | $6.7B | Rising |
| Gross Margin | 49.5% | Rising |
What is AMD's P/E ratio?
The price-to-earnings ratio measures how much investors pay per dollar of earnings:
- Trailing P/E (last 12 months): 116.3x
- Forward P/E (next 12 months est.): 27.6x
- FairValueLabs Fair P/E: 40.0x
How volatile is AMD stock?
Advanced Micro Devices, Inc. has a beta of 1.96, meaning it is significantly more volatile than the broader market. A beta above 1.0 indicates higher price swings relative to the S&P 500, while below 1.0 suggests more stability.
How much cash and debt does Advanced Micro Devices, Inc. have?
Advanced Micro Devices, Inc.'s balance sheet shows:
- Total Cash: $10.55B
- Total Debt: $4.01B
- Net Cash Position: $6.55B
A positive net cash position means the company holds more cash than debt, reducing financial risk.
What is Advanced Micro Devices, Inc.'s free cash flow?
Advanced Micro Devices, Inc. generated $4.59B in trailing twelve-month free cash flow (from $7.71B in operating cash flow). Free cash flow represents the cash available for dividends, buybacks, and debt reduction after all capital expenditures.
Does Advanced Micro Devices, Inc. pay a dividend?
Advanced Micro Devices, Inc. does not currently pay a regular dividend to shareholders. The company may be reinvesting all profits back into growth, or it may have suspended its dividend.
Is Advanced Micro Devices, Inc. at risk of going bankrupt?
Advanced Micro Devices, Inc.'s Altman Z-Score is 22.34, placing it in the safe zone (above 3.0) — bankruptcy risk is low. The Z-Score uses five balance sheet ratios to predict bankruptcy probability within two years.
Does Advanced Micro Devices, Inc. have a durable competitive advantage?
Advanced Micro Devices, Inc. scores 2.9/5 stars (Narrow moat · eroding) in our moat analysis:
- ROIC Stability: 2/5
- Gross Margin Trend: 4/5
- Switching Costs: 3/5
A score above 3.5 suggests meaningful pricing power and a defensible market position.
What is AMD's return on equity (ROE)?
Advanced Micro Devices, Inc.'s return on equity is 7.1%. ROE measures how efficiently a company generates profits from shareholder equity. An ROE above 15% is generally considered strong, while below 10% may signal inefficiency.
How do I buy AMD stock?
AMD shares can be purchased through any brokerage account that provides access to the NASDAQ. Common steps:
- Open an account with a broker (e.g., Fidelity, Schwab, Interactive Brokers)
- Search for ticker symbol AMD
- Place a market or limit order for your desired number of shares
This is not investment advice. Always do your own research before buying any stock.
Is AMD a value stock or speculative?
FairValueLabs classifies Advanced Micro Devices, Inc. as Value-Speculation. It has some value characteristics but carries elevated risk factors that make it speculative. Extra due diligence is recommended.
Who is the CEO of Advanced Micro Devices, Inc.?
The current CEO of Advanced Micro Devices, Inc. is Dr. Lisa T. Su Ph.D..
What is AMD's earnings per share (EPS)?
Earnings per share measures the company's profit allocated to each outstanding share:
- Trailing EPS (last 12 months): $2.61
- Forward EPS (next 12 months est.): $10.98
- Analyst consensus EPS (this year): $6.70
- Analyst consensus EPS (next year): $10.98
Other Technology companies analyzed by FairValueLabs
FairValueLabs Disclaimer
All valuations, scores, ratings, and classifications on this page are produced by the FairValueLabs internal valuation system. They do not represent actual market value, guaranteed outcomes, or professional investment advice. These are analytical estimates for educational and research purposes only.
This is not financial advice. All data is sourced from SEC EDGAR public filings. Always consult a qualified financial advisor before making investment decisions.
Last updated: Apr 22, 2026. Data sources: SEC EDGAR (financial statements), Yahoo Finance (market data, analyst consensus). Data may not reflect the most recent quarter.
AMD analysis methodology: How we calculate fair value, Z-Scores, and moat ratings