Very little debt to repay and plenty of cash on hand, so it is hard to shake.
Metrics · D/E ~5% · Current Ratio 2.61
💲Is the price expensive now?
On the expensive side
Even accounting for growth expectations, the price is set high.
Metrics · P/E 123.9 · P/B 11.7
💡Almost no debt (~5% D/E, current ratio 2.6x) with +39.5% revenue growth. GAAP op. margin 15.7% TTM, ROE 9.9%. P/E 124x is still elevated.
Compiled from public financial data. Not a recommendation to buy or sell any security. · Source: Company IR 2026-08-04 · TradingView (margins, ROE, P/B from IR TTM), as of 2026-08-05
Business Summary · Key Value Metrics
Designs data-center CPUs (EPYC), AI accelerators (Instinct), PC CPUs/GPUs (Ryzen, Radeon), and game-console chips. FY2025 revenue $34.6B. Q2 2026 revenue $11.5B (+50%), data center $6.7B (+107%, 58% of total). TTM revenue $41.3B (+39%), GAAP operating margin 15.7%.
Since 2017, the Zen architecture has lifted AMD's x86 server-CPU share from around 1% to roughly 40% by revenue (30%-plus by units), with hyperscalers such as Microsoft, Google, Amazon, and Meta adopting EPYC. In Q2 2026, data-center revenue was $6.7B (+107%), 58% of company revenue. It is effectively the only integrated x86 designer with PC and server CPUs plus GPUs and console chips. That said, its ROCm AI software stack is still seen as behind Nvidia's CUDA ecosystem (source: company IR 2026-08-04 · Mercury Research · industry).
Zen architecture
Since 2017, a common core for EPYC and Ryzen; TSMC's leading-edge nodes give a performance-per-watt edge over Intel.
Hyperscaler adoption
Microsoft, Google, Amazon, and Meta have adopted EPYC; server revenue share is in the 40% range.
Integrated x86 design
Server and PC CPUs plus GPUs and console chips (PS5, Xbox) — a broad product lineup.
Instinct AI accelerators
MI350/MI400 series and Helios rack-scale expand AI acceleration — a data-center GPU/CPU growth driver.
10-Year Financial Trends
Q2 2026 (released 2026-08-04): revenue $11.54B (+50% YoY, +13% QoQ), GAAP operating income $2.0B (17% quarterly margin), net income $2.3B, diluted EPS $1.38 (non-GAAP EPS $1.66). Data center $6.72B (+107%, 58% of total), client $3.1B (+23%), gaming $0.78B (−31%), embedded $0.98B (+19%). Q3 guide: ~$13.0B revenue (±$0.3B), ~56% non-GAAP gross margin. TTM (Q3’25–Q2’26) revenue $41.3B (+39.5%), GAAP operating income $6.5B (15.7% margin), net income $6.4B, diluted EPS sum $3.89 (source: company IR 2026-08-04 · prior-quarter IR).
10-Year Growth
Revenue$34.6B · CAGR +26.2%
Operating Income$3.7B
EPS$2.65
10-Year Valuation
P/E (year-end)75.5x · avg 107.8x
ROE7.4% · avg 21.7%
Operating Margin10.7% · avg 7.1%
📊 Annual Data Table (AMD) — expand/collapse
Year
Revenue (B$)
Op. Income (B$)
EPS ($)
P/E (x)
ROE (%)
Op. Margin (%)
2016
4.27
-0.37
-0.6
—
—
-8.7
2017
5.25
0.13
-0.03
—
—
2.4
2018
6.48
0.45
0.32
57.7
36.4
6.9
2019
6.73
0.63
0.3
152.9
16.6
9.4
2020
9.76
1.37
2.06
44.5
57.4
14
2021
16.43
3.65
2.57
56
47.4
22.2
2022
23.6
1.26
0.84
77.1
4.2
5.3
2023
22.68
0.4
0.53
278.1
1.5
1.8
2024
25.79
1.9
1
120.8
2.9
7.4
2025
34.6
3.7
2.65
75.5
7.4
10.7
— = no data for that year/metric (P/E omitted before EPS turned positive)
9-Year CAGR: Revenue +26% · Operating Income Swung to profit (2016 loss) · Net Income Swung to profit · EPS Swung to profit
Sources: SEC EDGAR (10-K) · macrotrends · company IR. Revenue and operating income are on a fiscal-year (December) GAAP basis. EPS is diluted (GAAP). ROE is net income ÷ average equity (computed regardless of splits or acquisitions). The 2022 all-stock Xilinx acquisition ($49B) sharply raised equity, lowering ROE. P/E is fiscal year-end price ÷ diluted EPS (the 2025 close is assumed at roughly $200, provisional). GAAP and non-GAAP profitability differ substantially.
Mega-Cap Value Metric Comparison
Versus NVDA and INTC, AMD's +39.5% revenue growth outpaces Intel (+7%), but ROE 9.9% and operating margin 15.7% lag Nvidia (114% / 64%). Trailing P/E of 124x remains high on recovery and AI growth expectations. ROCm still trails CUDA in AI software (P/E, ROE, margins = TTM; source: company IR · TradingView).
Metric
★ AMD
NVDA
INTC
P/E (TTM)
123.9
33.6
N.M.
ROE
9.9%
114.3%
Negative
Operating Margin
15.7%
64.0%
8.0%
Revenue YoY
+39.5%
+70.7%
+7.5%
AMD = company IR TTM; NVDA/INTC = TradingView TTM; as of 2026-08-05. Intel still in restructuring.
Key Risk Factors (from 10-K)
●
Rich valuation— Trailing P/E ~124x and ~$786B market cap leave room for a re-rating if growth slows or guidance misses. Mean target ($593) implies ~+23% upside vs the current price.Source: TradingView · company IR
●
AI software ecosystem gap— Instinct's ROCm stack still trails Nvidia CUDA — a key adoption variable. Helios and ROCm.ai aim to narrow the gap.Source: Industry · 10-K · IR
●
Semi cycles & export controls— PC/gaming/server cycles and U.S. export controls (e.g., Instinct China-related charges) can swing results.Source: 10-K Risk Factors · IR
●
Nvidia & Intel competition— Nvidia dominates AI accelerators; Intel and Arm press on server/PC CPUs.Source: 10-K · industry
✦ ValueCrab Dashboard PreviewAMD $482.05 -7.04% · as of 2026-08-05
Q. What are AMD's key value metrics?P/E (TTM) 123.9, forward P/E ~63x (next-year EPS consensus ~$7.6), ROE 9.9%, GAAP operating margin 15.7%, TTM revenue +39.5%, 9-year revenue CAGR +26% (source: company IR 2026-08-04 · TradingView, as of 2026-08-05).
Q. What is the analyst price-target consensus?About 58 analysts average $592.72 (Strong Buy). External consensus, not our estimate. About +23.0% vs $482.05. Source: TradingView, Aug 2026.
Q. Why is P/E ~124x so high?GAAP earnings are rising fast (Q2 EPS $1.38), but the market cap already prices in large AI growth, so trailing P/E stays elevated. On next-year EPS consensus (~$7.6), forward P/E is ~63x. Views differ; we do not give a buy/sell call.
Q. How was Q2 2026?Revenue $11.54B (+50%), data center $6.72B (+107%). GAAP diluted EPS $1.38, non-GAAP $1.66. Q3 revenue guide ~$13.0B (±$0.3B) (source: company IR 2026-08-04).
Q. Who are AMD’s main competitors?AI accelerators/GPUs: Nvidia (NVDA). Server/PC CPUs: Intel (INTC) and Arm-based vendors.