Advanced Micro Devices (AMD) is trading down at $646.20 (-0.50%) on NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Information Technology sector.
Current price targets from 20 firms average $684, median $650, ranging from $465 to $1.25k — the average is 6% above the current $646. Each is tracked to its date and scored the same way a member's call is.
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $4.32B | $5.33B | $6.47B | $6.73B | $9.76B | $16.4B | $23.6B | $22.7B | $25.8B | $34.6B |
| Growth (year over year) | +8.2% | +23.4% | +21.5% | +4.0% | +45.0% | +68.3% | +43.6% | −3.9% | +13.7% | +34.3% |
| Gross profit | $1.00B | $1.79B | $2.45B | $2.87B | $4.35B | $7.93B | $10.6B | $10.5B | $12.7B | $17.2B |
| Gross margin | 23.2% | 33.5% | 37.8% | 42.6% | 44.5% | 48.2% | 44.9% | 46.1% | 49.4% | 49.5% |
| Operating income | −$373.0M | $127.0M | $451.0M | $631.0M | $1.37B | $3.65B | $1.26B | $401.0M | $1.90B | $3.69B |
| Operating margin | −8.6% | 2.4% | 7.0% | 9.4% | 14.0% | 22.2% | 5.4% | 1.8% | 7.4% | 10.7% |
| Net income | −$498.0M | −$33.0M | $337.0M | $341.0M | $2.49B | $3.16B | $1.32B | $854.0M | $1.64B | $4.33B |
| Net margin | −11.5% | −0.6% | 5.2% | 5.1% | 25.5% | 19.2% | 5.6% | 3.8% | 6.4% | 12.5% |
| EPS (diluted) | −$0.60 | −$0.03 | $0.32 | $0.30 | $2.06 | $2.57 | $0.84 | $0.53 | $1.00 | $2.65 |
| Balance sheet | ||||||||||
| Cash and equivalents | $1.26B | $1.19B | $1.08B | $1.47B | $1.59B | $2.54B | $4.83B | $3.93B | $3.79B | $5.54B |
| Total assets | $3.32B | $3.55B | $4.56B | $6.03B | $8.96B | $12.4B | $67.6B | $67.9B | $69.2B | $76.9B |
| Total liabilities | $2.84B | $2.96B | $3.29B | $3.20B | $3.13B | $4.92B | $12.8B | $12.0B | $11.7B | $13.9B |
| Long-term debt | $1.44B | $1.32B | $1.11B | $486.0M | $330.0M | $1.00M | $2.47B | $1.72B | $1.72B | $2.35B |
| Shareholders' equity | $477.0M | $596.0M | $1.27B | $2.83B | $5.84B | $7.50B | $54.8B | $55.9B | $57.6B | $63.0B |
| Cash flow | ||||||||||
| Operating cash flow | $81.0M | $12.0M | $34.0M | $493.0M | $1.07B | $3.52B | $3.56B | $1.67B | $3.04B | $7.71B |
| Capital expenditure | $77.0M | $113.0M | $163.0M | $217.0M | $294.0M | $301.0M | $450.0M | $546.0M | $636.0M | $974.0M |
| Free cash flow | $4.00M | −$101.0M | −$129.0M | $276.0M | $777.0M | $3.22B | $3.12B | $1.12B | $2.40B | $6.74B |
| Share buybacks | — | — | — | $0 | $0 | $1.76B | $3.70B | $985.0M | $862.0M | $1.32B |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $6.82B | $7.66B | $7.44B | $7.68B | $9.25B | $10.3B | $10.3B | $11.5B |
| Growth (year over year) | +17.6% | +24.2% | +35.9% | +31.7% | +35.6% | +34.1% | +37.8% | +50.1% |
| Gross profit | $3.42B | $3.88B | $3.74B | $3.06B | $4.78B | $5.58B | $5.42B | $6.20B |
| Gross margin | 50.1% | 50.7% | 50.2% | 39.8% | 51.7% | 54.3% | 52.8% | 53.8% |
| Operating income | $724.0M | $871.0M | $806.0M | −$134.0M | $1.27B | $1.75B | $1.48B | $1.99B |
| Operating margin | 10.6% | 11.4% | 10.8% | −1.7% | 13.7% | 17.1% | 14.4% | 17.3% |
| Net income | $771.0M | $482.0M | $709.0M | $872.0M | $1.24B | $1.51B | $1.38B | $2.30B |
| Net margin | 11.3% | 6.3% | 9.5% | 11.3% | 13.4% | 14.7% | 13.5% | 19.9% |
| EPS (diluted) | $0.47 | $0.30 | $0.44 | $0.54 | $0.75 | $0.92 | $0.84 | $1.38 |
| Balance sheet | ||||||||
| Cash and equivalents | $3.90B | $3.79B | $6.05B | $4.44B | $4.81B | $5.54B | $5.58B | $5.09B |
| Total assets | $69.6B | $69.2B | $71.5B | $74.8B | $76.9B | $76.9B | $79.6B | $84.5B |
| Total liabilities | $12.7B | $11.7B | $13.7B | $15.2B | $16.1B | $13.9B | $15.2B | $17.2B |
| Long-term debt | $1.72B | $1.72B | $3.22B | $3.22B | $2.35B | $2.35B | $2.35B | $2.35B |
| Shareholders' equity | $57.0B | $57.6B | $57.9B | $59.7B | $60.8B | $63.0B | $64.5B | $67.2B |
| Cash flow | ||||||||
| Operating cash flow | $628.0M | $1.30B | $939.0M | $2.01B | $2.16B | $2.60B | $2.96B | $2.37B |
| Capital expenditure | $132.0M | $208.0M | $212.0M | $282.0M | $258.0M | $222.0M | $389.0M | $808.0M |
| Free cash flow | $496.0M | $1.09B | $727.0M | $1.73B | $1.90B | $2.38B | $2.57B | $1.56B |
| Share buybacks | $250.0M | $256.0M | $749.0M | $478.0M | $89.0M | $0 | $221.0M | $0 |
From Advanced Micro Devices's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
Advanced Micro Devices, Inc. (AMD) is an American multinational semiconductor company headquartered in Santa Clara, California. It develops central processing units (CPUs), graphics processing units (GPUs), field-programmable gate arrays (FPGAs), system-on-chips (SoCs), and high-performance computer components. AMD serves a wide range of business and consumer markets, including personal computers (PCs), gaming, data centers, and embedded systems.