Advanced Micro Devices Inc (AMD · NASDAQ)

AMD reported June-quarter revenue of $11.54B, up sequentially from $10.25B, with net income of $2.30B and a 22.96% earnings beat ($1.66 vs $1.35 est.) — its fourth consecutive beat. Growth remains strong, with revenue up 50.1% YoY and earnings up 159.5% YoY on a TTM revenue base of $41.31B, while the balance sheet stays clean at 0.4x debt/EBITDA with $5.09B in cash. The stock closed at $594.24, down 2.3% on the day and 5.9% over five days but up 20.4% over the past month, sitting 8.5% below its 52-week high with an RSI of 40. Valuation is demanding at a 155.13 P/E and 92.79 EV/EBITDA, though the PEG of 0.626 reflects the growth rate, and the analyst target stands at $636.21.