AMD
Advanced Micro Devices, Inc.Evidence as of 2026-09-20The desk's Snapshot
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Overview · Advanced Micro Devices, Inc.
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates in four segments: Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC developmen…
Management team
- Ms. Ruth Cotter · Senior VP & Chief Administrative OfficerFind on LinkedIn
- Mr. Philip Matthew Carter · Chief Accounting Officer & Corporate VPFind on LinkedIn
- Mr. Forrest E. Norrod · Executive VP & GM of Data Center Solutions Business UnitFind on LinkedIn
- Ms. Ava M. Hahn J.D. · Senior VP, General Counsel & Corporate SecretaryFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.2 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The evidence balance is Mixed ( -0.2 of a possible +2; was -0.2 before debate) · confidence high. Revenue rose from $ 7,685,000,000 in Q2 2025 (fiscal quarter ended 2025-07-30) to $ 11,536,000,000 in Q2 2026 (fiscal quarter ended 2026-07-29), while gross profit expanded from $ 3,059,000,000 to $ 6,203,000,000 over the same span and calculated gross margin moved from about 39.8% to about 53.8%.
Operating income swung from an operating loss of $ (134,000,000) in Q2 2025 to positive operating income of $ 1,990,000,000 in Q2 2026, and net income rose from $ 872,000,000 (EPS $ 0.54) to $ 2,297,000,000 (EPS $ 1.38). Market signals show strong momentum (+172.7% 6‑month) and large relative strength vs SPY (+235.2% 12‑month), but elevated volatility (30‑day vol 50.4%, 90‑day vol 71.1%) and high valuation multiples (P/E TTM 159.49, P/FCF 232.19, EV/EBITDA 189.57) in the surviving claims.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenue increased across the shown quarters from $7,685,000,000 in the fiscal Q2 2025 (2025-03-30 to 2025-06-28, 3mo) to $9,246,000,000 in fiscal Q3 2025 (2025-06-29 to 2025-09-27, 3mo), to $10,253,000,000 in fiscal Q1 2026 (2025-12-28 to 2026-03-28, 3mo), and to $11,536,000,000 in fiscal Q2 2026 (2026-03-29 to 2026-06-27, 3mo).
XBRL companyfacts · 0000002488-25-000108Gross profit rose from $3,059,000,000 in fiscal Q2 2025 (2025-03-30 to 2025-06-28, 3mo) to $4,780,000,000 in fiscal Q3 2025 (2025-06-29 to 2025-09-27, 3mo), to $5,416,000,000 in fiscal Q1 2026 (2025-12-28 to 2026-03-28, 3mo), and to $6,203,000,000 in fiscal Q2 2026 (2026-03-29 to 2026-06-27, 3mo).
XBRL companyfacts · 0000002488-25-000108Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
A Form 10-K was filed on 2026-02-04 and the filing’s updated risk-factor discussion includes numerous added or expanded items addressing reliance on third parties for manufacturing and platform support, intellectual property protection, export controls and climate- and corporate-responsibility-related exposures.
Item 1A risk-factor diff · 0000002488-26-000018 vs 0000002488-25-000012A Form 10-Q was filed on 2026-08-05 for the quarter ended 27 June 2026, which contains management’s discussion and analysis for that quarter (the company’s quarterly MD&A is therefore current as of the 5 August 2026 filing date).
Management's discussion · filed 2026-08-05Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
Momentum over the past 6 months is +172.7% and ranks in the 99th percentile of the 561-stock research universe on 2026-09-18.
Moneyta signal set · 2026-09-18weakened in debateRelative strength vs SPY over the past 12 months is +235.2% and 6-month relative strength ranks in the 99th percentile of the 561-stock research universe on 2026-09-18.
Moneyta signal set · 2026-09-18Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional 13F-reported holdings total "$790.60B" as of the reporting period 2026-06-30 (13F filings carry a 45-day reporting lag).
13F holdings · 4007 filers · as of 2026-06-30The largest reported institutional holders in the 13F data include BlackRock, Inc. ($87.31B), VANGUARD CAPITAL MANAGEMENT LLC ($61.87B), and STATE STREET CORP ($43.20B) in the reporting period ended 2026-06-30.
13F holdings · 4007 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Multiple outlets reported portfolio moves by Cathie Wood that explicitly mentioned sales of Palantir and AMD and a purchase into Archer Aviation on 19 September 2026.
News · finance.yahoo.com · 2026-09-19A syndicated version of the Cathie Wood story ran on a second outlet on 19 September 2026, indicating the theme was carried by more than one distinct publisher.
News · fool.com · 2026-09-19Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Jean X. Hu (EVP, CFO and Treasurer) reported eight open filings dated 25 August 2026 totaling approximately "$7.128M" in sales across the listed share lots, and each sale is stated on the filing as executed pursuant to a 10b5-1 plan.
Form 4 · Hu Jean X. (EVP, CFO and Treasurer) · $423k sold · 2026-08-25Forrest Eugene Norrod (EVP & GM DSG) reported twelve transactions dated 24 August 2026 totaling approximately "$7.107M" in sales (one line is coded "M" on the filing), and each sale is stated on the filing as executed pursuant to a 10b5-1 plan.
Form 4 · Norrod Forrest Eugene (EVP & GM DSG) · $616k code M · 2026-08-24Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model reports an implied free-cash-flow (FCF) growth rate of 0.8326 (83.26%) that today's price would justify under the stated discount and terminal assumptions.
Valuation inputs · SEC XBRL + stored EOD closePrice-to-free-cash-flow (P/FCF) based on trailing twelve months FCF is 232.19.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
The provided quarterly fundamentals (fundamentals-0 through fundamentals-4) jointly show materially higher revenue, gross profit, expanding gross margins and a shift from an operating loss to multi-quarter positive operating income and rising net income/EPS; these are strong, contemporaneous company-reported data points that support a favorable operational read. Market signals (market-0, market-1, market-5) show very strong momentum, relative strength versus the market, and bullish technical position, which in an educational context often accompanies rapid re-rating for growth companies and can explain part of valuation expansion. Several negatives (valuation-0 through valuation-3, ownership-2, insider-0/1, market-2/3) rest on metrics and events that can reflect market positioning, reporting lags, or routine insider 10b5-1 activity rather than weakening core operations; for example, the 13F quarter-over-quarter value drop (ownership-2) is subject to reporting timing and the insider sales are documented as executed pursuant to 10b5-1 plans (insider-0, insider-1). Cash and debt evidence is mixed but not alarming in isolation (fundamentals-7, fundamentals-8, valuation-5): cash balances show modest variation while long-term debt is essentially stable and small relative to operating scale. Overall, the strongest evidence strength lies with the company financials and market momentum data (high-strength), while valuation multiples, short-term ownership shifts and insider sales are moderate-to-weaker-strength signals that warrant contextual interpretation rather than being treated as definitive counterevidence.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.34
38 surviving claims rest on 18 distinct sources; the heaviest analyst carries 24% of them, and 96% of what the desk raised survived the debate.
The surviving set rests on a moderate breadth of sources but a nontrivial share of claims trace back to a single analyst’s workstream; that raises some dependence risk on that contributor’s methods. The very high survival rate through debate suggests internal consistency, yet source concentration and analyst weight mean each claim should carry cautious confidence until corroborated by more independent filings or market facts.
Peer context · computed, not argued
12-1 momentum ranks 5th of 19 in Semiconductors (as of 2026-09-18).
6-month relative strength ranks 1st of 19 in Semiconductors (as of 2026-09-18).
90-day volatility ranks 9th of 19 in Semiconductors (as of 2026-09-18).
dividend yield ranks 11th of 19 in Semiconductors (as of 2026-09-18).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
12 filings· 3 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+0.9 to the score
13 documents· 2 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.3 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash+0.3 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.2 to the score
8 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
2 filings
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot−1.0 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on AMD Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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Educational analysis of published data. Moneyta does not give investment advice or make recommendations.