Latest revenue
$10.25B
as of 2026-03-28
Latest net income
$1.38B
as of 2026-03-28
Net margin
13.5%
as of 2026-03-28
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $758.77B
- Enterprise value
- $758.13B
- P/E (trailing)
- 175.0×
- Forward P/E
- —
- P/B
- 12.48×
- Dividend yield
- 0.0%
- 52-wk high
- $481.41
- 52-wk low
- $108.62
- Beta
- —
- Shares out
- 1.62B
5-year trend
What this company does
AMD designs semiconductors, including CPUs, GPUs, AI accelerators, FPGAs, and adaptive SoCs used in data centers, PCs, gaming consoles, and embedded systems. The company makes money primarily by selling these chips to cloud providers, OEMs, and enterprise customers, with quarterly revenue jumping 36% year-over-year to $9.2 billion. AMD is aggressively repositioning around AI infrastructure, completing its $1.7 billion ZT Systems acquisition in March 2025 to build full data-center AI systems and challenge Nvidia.
Generated from AMD's filing dated 2026-02-04
Key risks
- China export controls: MI308 shipments restricted; inventory ballooned 28% YTD to $7.31B, raising obsolescence/write-down risk if licenses denied.
- Heavy goodwill/intangibles ($42.3B, 55% of assets) from Xilinx/ZT Systems—any AI demand miss could trigger material impairment charges.
- Tax benefit of $558M (vs. expense prior year) driven by $853M release of uncertain tax reserves; non-recurring boost masks underlying earnings run-rate.
Generated from AMD's filing dated 2026-02-04
Profitability
Gross margin
49.5%
0.3%Operating margin
10.7%
44.7%Net margin
12.5%
96.6%Return on equity
6.9%
134.4%Return on assets
5.6%
137.7%Leverage
Debt / equity
0.22×
7.3%Long-term debt / equity
0.04×
21.0%Debt / assets
18.1%
6.0%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-28 | $10.25B | +37.8% | $1.38B | +95.1% | 13.5% |
Q4 2025 2025-12-27 | $10.27B | +34.1% | $1.51B | +213.5% | 14.7% |
Q3 2025 2025-09-27 | $9.25B | +35.6% | $1.24B | +61.2% | 13.4% |
Q2 2025 2025-06-28 | $7.68B | +31.7% | $872.0M | +229.1% | 11.3% |
Q1 2025 2025-03-29 | $7.44B | +35.9% | $709.0M | +476.4% | 9.5% |
Q4 2024 2024-12-28 | $7.66B | — | $482.0M | — | 6.3% |
Q3 2024 2024-09-28 | $6.82B | +17.6% | $771.0M | +312.3% | 11.3% |
Q2 2024 2024-06-29 | $5.83B | +8.9% | $265.0M | +881.5% | 4.5% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Semiconductors & Related Devices · SIC 3674
Your notes
Keep private notes on AMD — thesis, target price, catalysts to watch.
Visible only to you. Never shared. Never used to train AI.
Insider activity
Insider buying
$0
Insider selling
$241.9M
Net activity
−$241.9M
Distinct insiders
6
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns AMD
Institutional value
$62.38B
Total shares held
309.1M
Distinct holders
727
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 105.9M | $21.55B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 37.6M | $7.65B | — | New |
| 3 | Invesco Ltd. | 16.2M | $3.30B | — | New |
| 4 | Legal & General Group Plc | 11.3M | $2.29B | — | New |
| 5 | Bank of New York Mellon Corp | 10.4M | $2.11B | — | New |
| 6 | JENNISON ASSOCIATES LLC | 9.4M | $1.92B | — | New |
| 7 | VANGUARD FIDUCIARY TRUST CO | 9.3M | $1.89B | — | New |
| 8 | DEUTSCHE BANK AG\ | 8.3M | $1.68B | — | New |
| 9 | CITIGROUP INC | 6.1M | $1.24B | — | New |
| 10 | DIMENSIONAL FUND ADVISORS LP | 5.1M | $1.05B | — | New |
| 11 | Swiss National Bank | 4.8M | $972.0M | — | New |
| 12 | WELLS FARGO & COMPANY/MN | 4.6M | $944.1M | — | New |
| 13 | BNP PARIBAS FINANCIAL MARKETS | 4.3M | $871.9M | — | New |
| 14 | Mitsubishi UFJ Asset Management Co., Ltd. | 3.8M | $782.6M | — | New |
| 15 | Vanguard Global Advisers, LLC | 3.6M | $726.9M | — | New |
| 16 | National Pension Service | 3.6M | $722.5M | — | New |
| 17 | VANGUARD ASSET MANAGEMENT, Ltd | 2.8M | $568.8M | — | New |
| 18 | RHUMBLINE ADVISERS | 2.8M | $562.2M | — | New |
| 19 | California Public Employees Retirement System | 2.8M | $561.5M | — | New |
| 20 | ARK Investment Management LLC | 2.7M | $551.9M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
Inventory jumped to $7.31B from $5.73B with $1.58B working-capital build—how much is MI300/MI350 versus at-risk pre-builds for unsigned hyperscaler commitments?
- 2
Q3 gross margin compressed to ~51.7% despite revenue surging 36% YoY—quantify the ZT Systems dilution versus AI mix, and when does GM re-expand?
- 3
You released $853M in uncertain tax reserves driving the YTD tax benefit—what triggered it, and is the IRS dispute fully resolved or merely lapsed?
Refreshed when AMD files a new report · last from 2026-02-04