AMD
ADVANCED MICRO DEVICES INC
Technology • CIK: 0000002488
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Market Cap
$258.80B
P/E (TTM)
78.6x
Rev Growth (TTM)
+31.8%
Net Margin (TTM)
10.3%
FCF Yield (TTM)
2.1%
FCF Margin (TTM)
17.0%
Cash Flow Health
Free Cash Flow8/8 positive
TTM$5.4B
Q3 '25
$1.9B+10%
Q2 '25
$1.7B+138%
FCF Margin
TTM17.0%
Q3 '2520.6%-9%
Sector: 14.5%Above Avg
OCF Margin20.0%
OCF/NI1.94x
CapEx Coverage6.7x
FCF Yield2.1%
FCF Growth (2Y)+17%
Cash Conversion Cycle
149 days
DSO: 67+DIO: 139−DPO: 57
Capital Allocation & Returns
Growth Focused
Total Shareholder YieldTTM
TTM0.6%
Div Yield0.0%
+Buyback (TTM)0.6%
Prioritizing reinvestment over distributions
Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$5.4B
Stock Repurchases (TTM)$1.6B
Capital Return / FCF28.9%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
5.3%
Stable
+0.7% YoY+3.2%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
9.2%
8Q: 9.6%
Asset Turnover
0.44x
8Q: 0.41x
Leverage (1+D/E)
1.05x
D/E: 0.05x
DuPont: 4.3% ≈ 5.3% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
16.45x
8Q:15.81x
+143.1%
Invested Cap Turn
0.58x
8Q:0.53x
+18.3%
CapEx Intensity
1.7%
8Q:1.3%
CapEx/Depreciation
1.32x
Asset-based ROIC formula
QUARTERLY TRENDS
Last 8 quarters + TTM
| Metric | TTM | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2024 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | $32.0B | $9.2B↑20.3% | $7.7B↑3.3% | $7.4B↓2.9% | $7.7B↑12.3% | $6.8B↑16.9% | $5.8B↑6.6% | $5.5B↓11.3% | $6.2B |
Operating Income | $2.8B | $1.3B↑1047.8% | $-134.0M↓116.6% | $806.0M↓7.5% | $871.0M↑20.3% | $724.0M↑169.1% | $269.0M↑647.2% | $36.0M↓89.5% | $342.0M |
Net Income | $3.3B | $1.2B↑42.5% | $872.0M↑23.0% | $709.0M↑47.1% | $482.0M↓37.5% | $771.0M↑190.9% | $265.0M↑115.4% | $123.0M↓81.6% | $667.0M |
Operating Cash Flow | $6.4B | $2.2B↑7.4% | $2.0B↑114.2% | $939.0M↓27.7% | $1.3B↑106.8% | $628.0M↑5.9% | $593.0M↑13.8% | $521.0M↑36.7% | $381.0M |
Free Cash Flow | $5.4B | $1.9B↑9.9% | $1.7B↑137.8% | $727.0M↓33.4% | $1.1B↑120.0% | $496.0M↑13.0% | $439.0M↑15.8% | $379.0M↑56.6% | $242.0M |
Total Equity | N/A |
Valuation Analysis
Fair Value
Price-to-EarningsTTM
78.6x
Valuation Lenses
Earnings
78.6x
vs – sector
Cash Flow
39.2x
EV/FCF vs –
Growth-Adj
1.0xPEG
Undervalued for growth
Quality-Adj
14.8P/E per %ROIC
ROIC: 5.3%
Shareholder Returns
Dividend
–
Buyback
0.6%
Total Yield
0.6%
Market Cap$258.80B
EV–
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
67/100
High Quality
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Below Avg
5.7%
8Q:–
Return on Invested Capital (ROIC)Top 25%
5.3%
8Q:–
+3.2%
vs Sector:0.1%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 9.2%
Asset Turnover: 0.44x
Earnings Quality
Cash Conversion
1.94x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin48.3%
Capital Efficiency
Invested Capital Turnover0.58x
Working Capital
Cash Conversion Cycle149 days
Growth Quality & Momentum
Quality Growth
Growth Quality Score
78/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
31.8%
OpInc Growth YoY
75.4%
EPS Growth YoY
80.4%
FCF 3Y CAGR
16.9%
Growth Quality Analysis
⚠Working Capital Drag: FCF growth lagging revenue by 14.9%
✓Sustainability Index: 7.5/10 - Highly sustainable growth
Margin Quality & Sustainability
Low Quality
Profitability Cascade
Gross
48.3%
Operating
8.8%
Below Avg in sector
Net
10.3%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
+6.7 pts
FCF: 17.0% | Net: 10.3%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $4.02B
Interest Coverage
–
+Net cash position: $4.02B
Leverage Metrics
Debt-to-Equity
0.05x
Balance sheet risk & solvency analysis