Forensic Analysis · Semiconductors · as of Aug 7, 2026

Advanced Micro Devices Inc (AMD)

A forensic read on Advanced Micro Devices Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable

Forensic grade

Safe

Financial health

14.7

Distress distance

Clean

Earnings quality

Forensic signals

124.0

P / E (ttm)

6.9%

ROE

$789.1B

Market cap

34.3%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Advanced Micro Devices Inc earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 14.7, placing it in the Safe zone. 2 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

5.3%

FY2025

Return on invested capital. Return on invested capital is 5.3% in the latest fiscal year and rising from 2% — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.

+1.4%/yr

FY2022–FY2025

Share-count dilution. Diluted share count changed +4% over the last 3 years to FY2025 (+1.4%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~1.4% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~4%.

Key fundamentals

Latest Revenue$34.64B

Revenue Growth YoY+34.3%

Revenue CAGR (3yr)+13.7%

Net Margin12.5%

Free Cash Flow$6.74B

Return on Equity6.9%

Debt / Equity0.05x

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Data from SEC EDGAR public filings · metrics as of Aug 7, 2026. Forensic signals flag probability, not certainty.