NASDAQ · Technology
Advanced Micro Devices (AMD) stock research: earnings, ownership, and cash flow
AMD designs CPUs, GPUs, adaptive chips, and embedded processors for PCs, gaming, data centers, and AI accelerators. This page connects filing evidence with ownership, insider activity, forecasts, ETFs, and peer context so each dataset can be checked against the others.
Deterministic, source-linked commentary
AMD signals across filings and ownership
Advanced Micro Devices's latest filing sets the operating baseline. 10-Q covers CY2026Q1. quarterly revenue was $10.3B; year-over-year growth was 37.8%; operating margin was 14.4%; trailing free cash flow was $4.4B. Read together, these figures test whether scale is translating into profit and cash. Verify periods and company footnotes in the original SEC EDGAR filing.
The current 13F sample puts AMD in an ownership context. 4 tracked managers reported $604.0M of aggregate value. Soros Fund Management recorded the largest measured share-count move at +101.4%. The sample is small, so it is more useful for identifying named holders than measuring broad ownership. 13F positions arrive after quarter end and exclude many shorts, cash balances, and derivatives; inspect the full holder record before drawing a conclusion.
AMD's published outlook is useful only while its inputs hold. The forecast scenarios were updated 2026-05-21. Revenue growth, margins, cash generation, and risk assumptions must be checked against each new filing.
Cross-checking the company pages keeps timing differences visible. Use institutional ownership, insider filings, forecast scenarios alongside the filing. Company facts can update before 13F positions, so align every source date and report period before treating a difference as a change in fundamentals.
Business model
Company snapshot
AMD designs CPUs, GPUs, adaptive chips, and embedded processors for PCs, gaming, data centers, and AI accelerators. The latest standardized snapshot records $34.62B of trailing revenue, $4.21B of net income, and $4.4B of free cash flow. These figures describe the reported company, while valuation and price require a separate market-data timestamp.
Operating lines
A named product, service, or operating exposure identified in the company description.
A named product, service, or operating exposure identified in the company description.
A named product, service, or operating exposure identified in the company description.
A named product, service, or operating exposure identified in the company description.
A named product, service, or operating exposure identified in the company description.
A named product, service, or operating exposure identified in the company description.
Geographic revenue mix
The current standardized filing dataset does not extract a comparable geographic revenue table for every issuer. Review the latest 10-K segment note for domestic and international mix, concentration, foreign-exchange sensitivity, and country-specific regulation.
10-Q · 2026-05-06
What the latest filing shows
Revenue for the latest standardized quarter was $10.25B, while diluted EPS was 0.84. Revenue changed 37.8% from the comparable period. Gross margin was 52.8% and operating margin was 14.4%. Margin direction matters because it shows whether growth is translating into operating leverage or requiring more cost to support.
Open original SEC filing13F-HR
13F institutional holdings
3 tracked institutional managers currently report AMD, representing $603.96M of aggregate value. The top five account for 100% of tracked value. This concentration is calculated only within SnowballHare's manager universe, not across every institutional owner.
Top institutional holders
| Holder | Shares | Value | Portfolio weight | QoQ |
|---|---|---|---|---|
| ARK Invest | 2,712,854 | $551.88M | 4.29% | +5.4% |
| Appaloosa Management | 221,400 | $45.04M | 0.76% | -31.9% |
| Soros Fund Management | 34,645 | $7.05M | 0.08% | +101.4% |
| Coatue Management | 0 | $0 | 0.00% | -100.0% |
Capital and holders
Ownership structure
- Tracked 13F value: $603.96M
- Tracked active holders: 3
- Top-five concentration: 100%
- Shares outstanding: 1,630,600,639
Tracked 13F value is not the same as institutional ownership of float because the manager universe is intentionally limited. Insider ownership also requires the latest proxy statement and is not inferred from short Form 4 windows. This section therefore separates observed data from estimates instead of presenting false precision.
CY2026Q1
Earnings analysis
| Period | Revenue | Net income | EPS | Operating margin |
|---|---|---|---|---|
| CY2026Q1 | $10.25B | $1.38B | 0.84 | 14.4% |
| TTM | $34.62B | $4.21B | 2.57 | 9.9% |
| CY2025 | $34.64B | $4.34B | See filing | 10.7% |
The standardized data shows revenue growth of 37.8%, an operating margin of 9.9%, and a net margin of 12.2%. Without a dedicated earnings article, the original filing remains the primary source for management guidance and expectation comparisons.
Scenario analysis
Forecast range
AMD is a NASDAQ-100 stock with a checked price of 447.58, market cap of 729.82B, and revenue of 37.45B. A practical 2026 scenario map is $336-403 in a bear case, $412-515 in a base case, and $528-649 in a bull case. The forecast depends on semiconductor and AI hardware exposure.
Forecast assumptions
- Revenue growth must be checked against the latest filing and management guidance.
- Current reported operating margin is 9.9%.
- TTM free-cash-flow margin is 12.7%.
- Discount rates and valuation multiples should move when risk-free rates, business risk, or estimate confidence changes.
This is not a buy or sell recommendation. Forecasts are conditional ranges whose assumptions can fail.
Open forecast methodology and scenariosTechnology
Peer comparison
| Company | TTM revenue | Revenue growth | Operating margin | Tracked holders |
|---|---|---|---|---|
| AMDAdvanced Micro Devices | $34.62B | 37.8% | 9.9% | 4 |
| CRMSalesforce | $41.46B | 13.3% | 21.2% | 0 |
| ADBEAdobe Inc. | $23.97B | 12% | 37% | 0 |
| INTCIntel | $52.76B | 7.2% | -11.2% | 0 |
| MUMicron Technology | $54.86B | 196.3% | 47.8% | 0 |
| CSCOCisco | $60.22B | 12% | 23.8% | 0 |
| ORCLOracle Corporation | $62.3B | 21.7% | 30.2% | 0 |
AMD's 37.8% revenue growth and 9.9% operating margin should be read against peers using the same reporting definitions. A higher margin may reflect pricing power or business mix, while a lower margin can reflect investment, cyclicality, or weaker economics.
Fund ownership
ETF exposure
AMD appears among the disclosed top holdings of 9 tracked ETFs shown below. ETF weights change with price movement, rebalancing, creations, redemptions, and issuer methodology.
| ETF | AMD weight | AUM | Holdings date |
|---|---|---|---|
| QQQInvesco QQQ Trust Series I | 3.17% | $466.45B | May 15, 2026 |
| VGTVanguard Information Technology ETF | 2.58% | $136.23B | Apr 30, 2026 |
| XLKState Street Technology Select Sector SPDR ETF | 4.66% | $113.90B | May 18, 2026 |
| RSPInvesco S&P 500 Equal Weight ETF | 0.40% | $86.11B | May 18, 2026 |
| SMHVanEck Semiconductor ETF | 6.80% | $62.25B | May 19, 2026 |
| SOXXiShares Semiconductor ETF | 8.72% | $32.44B | May 19, 2026 |
| MTUMiShares MSCI USA Momentum Factor ETF | 4.57% | $25.26B | May 19, 2026 |
| QQQMInvesco NASDAQ 100 ETF | 3.15% | $91.12B | May 18, 2026 |
| FTECFidelity MSCI Information Technology Index ETF | 2.83% | $19.52B | May 19, 2026 |
10-K · 2026-02-04
Key risk factors disclosed in the latest 10-K
The categories below are a deterministic research checklist anchored to Advanced Micro Devices's industry and latest annual filing. They summarize areas investors should locate in Item 1A; they do not replace the company's exact legal disclosure.
- Demand and product-cycle risk: Semiconductors can experience changing customer demand, replacement cycles, and competitive product launches that affect revenue timing.
- Competition and execution: Market share depends on product quality, pricing, distribution, innovation, and management's ability to convert investment into durable customer demand.
- Supply chain and counterparties: Supplier concentration, logistics disruption, component availability, and customer concentration can affect delivery schedules, costs, and working capital.
- Regulation and litigation: Antitrust, privacy, securities, labor, tax, environmental, and industry-specific rules may change costs or restrict products and business practices.
- Financial and market risk: Foreign exchange, interest rates, credit conditions, investment values, and capital-allocation decisions can affect reported earnings and valuation.
Research workflow
Common research questions about AMD
Who is the largest tracked institutional holder of AMD?
ARK Invest is the largest active holder in SnowballHare's current sample, with $551.9M reported. See every named manager on the AMD ownership page.
What does recent insider activity show for AMD?
No recent Form 4 transaction appears in the current AMD window. Check the AMD Form 4 history for later company-officer or director filings.
What business does Advanced Micro Devices operate?
AMD designs CPUs, GPUs, adaptive chips, and embedded processors for PCs, gaming, data centers, and AI accelerators. The AMD company snapshot connects that business description with reported revenue, profit, and cash flow.
How does AMD compare with a close operating peer?
AMD's revenue growth is 37.8% and its operating margin is 9.9%. Compare those figures with CRM research using the same definitions.
What do the latest financials say about AMD?
10-Q reports $34.6B of trailing revenue, with revenue growth of 37.8% and an operating margin of 9.9%. The supporting period and source are listed in the AMD filing section.
How strong is AMD's cash return profile?
Advanced Micro Devices does not show a positive trailing dividend cash outflow in the standardized snapshot, while free cash flow is $4.4B. Review the AMD filing evidence before assessing capital-allocation capacity.
Which assumptions matter most for the AMD outlook?
The AMD range depends on revenue growth, operating margin, cash conversion, and the risk assumptions in each new filing. Recheck them in the AMD forecast section.
Primary and reference data
Sources and methodology
- Filings: SEC EDGAR CompanyFacts, 10-K, 10-Q, 8-K, Form 4, 13F-HR.
- Fundamentals: SEC EDGAR CompanyFacts; market references may use yfinance and Finnhub where explicitly available.
- ETF: Issuer disclosures and the locally dated ETF holdings snapshot.
Methodology: How SnowballHare parses and validates data.
Editorial standards: How research is published.
Disclaimer: Informational only; not investment, legal, or tax advice. Cross-check material facts against original filings before acting.
Reference notes
Data notes
Reporting dates
Use filing dates, report periods, and source links together for AMD. A company filing, a 13F disclosure, a Form 4 transaction, and an earnings release can describe different time windows, so the date beside each row matters before comparing signals.
Ownership context
13F rows are delayed public long-equity snapshots from a selected manager universe. They are useful for seeing which tracked institutions reported exposure, but they do not show every hedge, short position, cash balance, or trade made after the quarter ended.
Insider transactions
Form 4 activity should be read by transaction type, role, value, and remaining ownership. Open-market purchases and sales are different from grants, option exercises, gifts, or tax withholding, and the original SEC filing is still the controlling document.
Earnings and forecasts
Earnings pages and forecast pages are linked when a supported article exists. Treat those pages as context for reported numbers, guidance, margins, and scenario assumptions, then return to the table data when you need the underlying source date or filing trail.