Advanced Micro Devices, Inc. · AMD — Advanced Micro Devices, Inc.
Technology · Santa Clara, California · NASDAQ
Company Description
Financial Performance — 5 Years
Financial Statements
| Item | FY-4 | FY-3 | FY-2 | FY-1 | FY (latest) | Source |
|---|---|---|---|---|---|---|
| Revenue | $16.4B | $23.6B | $22.7B | $25.8B | $34.6B | [AMD 10-K filed 2026-02-04 · accession 0000002488-26-000018] |
| Gross Profit | $8.0B | $10.7B | $10.3B | $13.0B | $17.3B | [AMD 10-K filed 2026-02-04 · accession 0000002488-26-000018] |
| Operating Income | $3.6B | $1.3B | $401M | $1.9B | $3.7B | [AMD 10-K filed 2026-02-04 · accession 0000002488-26-000018] |
| Operating Margin % | 22.2% | 5.4% | 1.8% | 7.4% | 10.7% | [AMD 10-K filed 2026-02-04 · accession 0000002488-26-000018] |
| EBITDA | $4.5B | $5.2B | $5.5B | $6.8B | $9.0B | [AMD 10-K filed 2026-02-04 · accession 0000002488-26-000018] |
| Net Income | $3.2B | $1.3B | $854M | $1.6B | $4.3B | [AMD 10-K filed 2026-02-04 · accession 0000002488-26-000018] |
| EPS ($) | $2.57 | $0.84 | $0.53 | $1.00 | $2.65 | [AMD 10-K filed 2026-02-04 · accession 0000002488-26-000018] |
| FCF | $3.2B | $3.1B | $1.1B | $2.4B | $5.6B | [AMD 10-K filed 2026-02-04 · accession 0000002488-26-000018] |
Economic Moat
Valuation Multiples
| Multiple | Company | Self 5Y Average | Spread vs 5Y Average |
|---|---|---|---|
| P/E (TTM) [yfinance snapshot · 5Y computed 2026-04-18] | 106.3x | 139.2x (5Y) | -23.7% |
| P/E (Fwd) [yfinance forward consensus] | 25.4x | N/A | N/A |
| EV/EBITDA [yfinance snapshot · 5Y computed 2026-04-18] | 66.3x | 40.5x (5Y) | +63.5% |
| P/S [yfinance snapshot · 5Y computed 2026-04-18] | 13.1x | 8.2x (5Y) | +60.7% |
| P/B [yfinance snapshot · 5Y computed 2026-04-18] | 7.2x | 3.8x (5Y) | +90.5% |
| Div Yield [yfinance snapshot · 5Y computed 2026-04-18] | 0.00% | 0.00% (5Y) | — |
| FCF Yield (snapshot) [computed · 2026-04-18] | 1.23% | 1.65% (5Y) | -25.5% |
The 5Y statistical averages are computed from yfinance annual data (annual income_stmt × balance_sheet × cash_flow + price snapshots at FY-end). Source: lib/compute_5y_multiples.py · Refresh: 2026-04-18 | |||
How to Think About This Company
A full How to Think About This Company analysis for AMD — covering examination of its essence, the key variables, potential analytical pitfalls, and what distinguishes professional thinking from noise — is available within the Family Office content.
The difference between surface-level analysis and professional thinking often lies in the variables that are not immediately visible.
Risks & Items Under Watch
Scenario Framework
The framework below describes which conditions need to be met in each scenario — not a price forecast.
Scenarios are descriptive, not predictive. They outline possible conditions, not expected outcomes. There is no probability assessment in these scenarios, no preferred direction, and no expectation regarding which one will materialize.
Analytical Lens — The Questions We Ask
In professional company analysis, the question is not "is this good", but "from which angles must the company be examined so as not to miss what matters." Every analysis at Bakshi Finance passes through six lenses. The text below is not an evaluation — it is the mapping of the questions this analysis is meant to answer.
The analysis is based on an internal multi-factor analytical framework used in professional portfolio management. The framework maps the questions; the answers appear woven through the analysis above.
What the lens is not: there is no rating, no score, no comparison between this company and another, and no preference. The same six questions are asked of every company on the site — the variation is in the answers, not in the tool.
This framework is intended to structure analysis, not to produce an investment conclusion.
Key Observations
This summary is not a recommendation. It is a factual list of what the analysis identified. The decision — is the client's.
Disclosure — Family Office Format
Bakshi Finance operates as a Family Office for qualified investors only. Mr. Yaron Bakshi held a licensed investment advisor designation between 2008 and 2023. As of the date of this document, the firm does not hold an investment advisory, investment marketing, or portfolio management license. This document is intended for research and professional learning purposes only.
Nothing herein constitutes a recommendation to buy, sell, hold, or take any other action in any security. Nothing herein substitutes for advice that takes into account the data and needs of any individual person. Every decision — is solely the investor's responsibility.
Past performance is not indicative of future performance.