AMD · Advanced Micro Devices Inc
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Research
our published analysis of this company-
Research ThesisIntel: The $465.7B market cap attached to a $57.0B money-losing business has one quarter to prove the Q2 2026 reset
Intel's 326.7% rally has priced in a turnaround the Q2 2026 print only just began to earn, with $57.0B of TTM revenue against -$77.0M of TTM EBIT. The Q3 2026 guide of $15.8B–$16.8B revenue and $0.31 GAAP EPS is the first datapoint that will decide whether the 41.8% non-GAAP gross margin holds and a dividend reinstatement becomes credible, or whether the -28.9% drawdown from $140.94 deepens.
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Research ThesisAMD at 171.1× earnings is the cycle's most multiple-expanding bet, and Q2 2026 is the bar
Advanced Micro Devices trades at 171.1× on +34.3% revenue growth against Nvidia at 31.7× on +125.9% and Broadcom at 63.6× on +143% AI semiconductor growth, with the $11.2B Q2 2026 guide and initial Helios volume in Q3 now the only thing standing between the multiple holding and a re-rating toward Broadcom's 63.6×.
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from its earnings releases, calls, and filings| Metric | Latest | Period | YoY |
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| Client and Gaming segment revenue | $3.6B | Q1'26 | +24.1% |
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| Client business revenue | $2.9B | Q1'26 | +26.1% |
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| Data Center segment revenue | $5.8B | Q1'26 | +56.8% |
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| Embedded segment revenue | $873M | Q1'26 | +6.1% |
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| Gaming business revenue | $720M | Q1'26 | +11.3% |
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| Non-GAAP gross margin non-GAAP | 57% | Q4 2025 | — |
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| Non-GAAP operating margin non-GAAP | 22% | FY 2025 | — |
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| non-GAAP net income non-GAAP | $1,135M | Q3 2023 | — |
| non-GAAP operating expenses non-GAAP | $1,697M | Q3 2023 | — |
| non-GAAP operating income non-GAAP | $1,276M | Q3 2023 | — |
| AMD-powered cloud instances publicly available | 670 | Q2 2023 | — |
| AMD-powered commercial PC platforms set to launch this year | 100 | Q2 2023 | — |
Figures exactly as the company stated them · click a metric with a to chart its history · period links open the stating document · "call" marks figures stated on the earnings call, "filing" figures stated in the 10-K/10-Q · YoY needs the prior-year figure on file
Versus peers
Semiconductors — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
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AMD
this stock
Advanced Micro Devices Inc
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$851.09B | +152.0% | +34.3% | 171.1 | 2.4% |
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NVDA
Nvidia Corp
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$5.01T | +12.1% | +125.9% | 31.7 | 1.3% |
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TSM
Taiwan Semiconductor Manufacturing Co Ltd
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$2.09T | +37.1% | — | — | 0.6% |
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AVGO
Broadcom Inc.
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$1.82T | +13.8% | +7.9% | 63.6 | 1.4% |
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SKHY
SK hynix Inc.
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$1.10T | — | — | — | 0.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| AMD | +7.7% | +3.8% | +114.0% | -7.1% | +152.0% |
| SPY | -1.7% | +0.7% | +6.4% | -1.2% | +8.3% |
| vs SPY | +9.4% | +3.2% | +107.7% | -6.0% | +143.8% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.