---
title: Advanced Micro Devices (AMD) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/amd
ticker: AMD
as_of: 2026-10-17
sector: Technology
industry: Semiconductors
---
# Advanced Micro Devices (AMD)

Advanced Micro Devices (AMD) closed at $528.75 on Oct 16, 2026, overvalued by 260% vs its model value of $146.88 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $528.75 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $146.88 |
| Price vs model | overvalued by 260% vs model |
| Range of that model | $106.58 – $226.94 |
| Market value | $863.2B |
| P/E (fiscal 2025) | 199.5 |
| Net margin (fiscal 2025) | 12.5% |
| Free cash flow (fiscal 2025) | $6.7B |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 2.45 |
| Cost of capital (WACC) | 13.22% |
| Business classification | High Growth (High revenue growth (~24% recent), Moderate margins (13% net margin), Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Largest companies | #15 | $863.2B | https://sweetvaluelab.com/lists/largest-companies |
| Best performing this year | #8 | +146.9% | https://sweetvaluelab.com/lists/best-performing-this-year |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $146.88 | $106.58 | $226.94 |
| DCF · Perpetuity growth · 10y | cross check | $230.36 | $166.06 | $357.85 |
| DCF · EBITDA exit · 5y | cross check | $148.60 | $84.39 | $224.22 |
| DCF · EBITDA exit · 10y | cross check | $232.23 | $142.00 | $353.32 |
| P/E · peers | cross check | $208.39 | $208.39 | $208.39 |
| P/E · own history | cross check | $647.83 | $388.14 | $1,105.65 |
| PEG | sanity check | $191.00 | $191.00 | $191.00 |
| EV/EBITDA · peers | cross check | $226.62 | $207.80 | $245.44 |
| EV/Revenue · peers | cross check | $771.47 | $473.31 | $1,340.83 |
| Earnings power value | cross check | $6.31 | $5.73 | $7.03 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 37 open-market sales ($62.4M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 15, 2026 | Norrod Forrest Eugene | EVP & GM DSG | Option/RSU exercise (10b5-1 plan) | 7,261 | $616,095.9 |
| Sep 15, 2026 | Norrod Forrest Eugene | EVP & GM DSG | Open-market sell (10b5-1 plan) | 757 | $377,213.1 |
| Sep 15, 2026 | Norrod Forrest Eugene | EVP & GM DSG | Open-market sell (10b5-1 plan) | 100 | $49,898 |
| Sep 15, 2026 | Norrod Forrest Eugene | EVP & GM DSG | Open-market sell (10b5-1 plan) | 1,017 | $509,181.4 |
| Sep 15, 2026 | Norrod Forrest Eugene | EVP & GM DSG | Open-market sell (10b5-1 plan) | 1,655 | $830,313.5 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 28, 2026 | 8-K | 3.02 Unregistered Sale of Equity | https://www.sec.gov/Archives/edgar/data/2488/000000248826000182/amd-20260926.htm |
| Aug 19, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/2488/000000248826000163/amd-20260817.htm |
| Aug 17, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/2488/000119312526354029/d142696d8k.htm |
| Aug 14, 2026 | 424B5 | Prospectus supplement | https://www.sec.gov/Archives/edgar/data/2488/000119312526352628/d173126d424b5.htm |
| Aug 13, 2026 | 424B5 | Prospectus supplement | https://www.sec.gov/Archives/edgar/data/2488/000119312526348029/d173126d424b5.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Lee Ainslie | 2026-06-30 | 976,326 | $567.2M |
| Chase Coleman | 2026-06-30 | 674,727 | $392.0M |
| Bridgewater | 2026-06-30 | 538,632 | $312.9M |
| Tepper | 2026-06-30 | 197,500 | $114.7M |

9 tracked managers in all.

## About

Advanced Micro Devices, Inc. (AMD), established in 1969 and headquartered in Santa Clara, California, operates as a global leader in the semiconductor industry. The company organizes its extensive operations into two primary segments: Computing and Graphics, and Enterprise, Embedded and Semi-Custom. In its Computing and Graphics division, AMD develops a range of products including x86 microprocessors (often as accelerated processing units), chipsets, and various graphics processing units (GPUs), encompassing discrete, integrated, data center, and professional variants, alongside providing development services. The Enterprise, Embedded and Semi-Custom segment focuses on server and embedded processors, bespoke System-on-Chip (SoC) products, and foundational technology for popular game consoles, also offering associated development support. AMD's diverse product lineup features processors f…

---

Source: https://sweetvaluelab.com/stocks/amd (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.