Advanced Micro Devices management check
AMD · Information Technology · Semiconductors · CEO Lisa Su
Filings as of
1 good · 5 to watch · 1 flagged, across the seven questions below.
- Flag
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $234, against $547 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.84 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
1.3% of net income$55.2m of reported pay in fiscal 2025, against $4.3bn of net income.
- Watch
Do they own the stock?
CEO stake ≈ 30 years of payThe CEO holds 3,193,365 shares, directly or through trusts (unvested awards not counted): about 30 years of pay. 7 insiders sold $273.0m in the last six months and none bought. 147 of 151 sales ran on pre-arranged 10b5-1 plans.
- Watch
Are owners being diluted?
Share count growingDiluted shares changed +0.3% a year over the last three fiscal years. Stock-based pay was 4.7% of revenue in the latest year.
- Watch
Is leadership stable?
13 leadership filings in 3 yearsCEO in the pay table: Lisa Su. 13 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Watch
Are the books clean?
An annual report was amendedNo restatements, auditor changes or late filings since 2021. 1 amended annual report.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Information Technology.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 0 | 33 | |
| Pay for performance | 92 | 87 | |
| CEO cost | 41 | 35 | |
| Skin in the game | 80 | 47 | |
| Dilution | 46 | 56 | |
| Stable leadership | 60 | 85 | |
| Clean books | 70 | 100 |
Closest peers
Others in Semiconductors, by management score. Advanced Micro Devices is 52nd of 73 in its sector.
- 20NVDANvidia86
- 101ONON Semiconductor76
- 112AVGOBroadcom75
- 117MUMicron Technology75
- 132FSLRFirst Solar73
- 235MRVLMarvell Technology66
- 236QCOMQualcomm65
- 314ADIAnalog Devices60
- 319MPWRMonolithic Power Systems60
- 373TXNTexas Instruments56
Pay versus performance
From the proxy statement filed March 27, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Lisa Su | $55.2m | $146.7m | $15.6m | $234 | $547 | $4.3bn |
| 2024 | — | $31.0m | −$18.7m | $11.0m | $271 | $537 | $1.6bn |
| 2023 | — | $30.3m | $189.8m | $18.2m | $319 | $282 | $854.0m |
| 2022 | — | $30.2m | −$160.1m | $13.3m | $140 | $134 | $1.3bn |
| 2021 | — | $29.5m | $188.4m | $7.7m | $317 | $214 | $3.2bn |
The board says pay is tied most to Non-GAAP Net Income. Its other key measures: Revenue, 1-Year Total Shareholder Return, Non-GAAP EPS, Free Cash Flow.
Insiders and the CEO's stake
Lisa T Su (Chair, President & CEO) held 3,193,365 shares directly after their latest Form 4 on Sep 10, 2026, roughly $1.6bn at that filing's price.
7 insiders sold $273.0m in the last six months and none bought. 147 of 151 sales ran on pre-arranged 10b5-1 plans.
- SoldLisa T SuChair, President & CEO · 10b5-1 plan$168.6mSep 10, 2026
- SoldMark D PapermasterChief Technology Officer & EVP · 10b5-1 plan$37.3mAug 20, 2026
- SoldForrest Eugene NorrodEVP & GM DSG · 10b5-1 plan$34.4mOct 15, 2026
- SoldPaul Darren GrasbyEVP & CSO$18.6mAug 17, 2026
Leadership and governance on file
- Aug 19, 2026Leadership change8-K 5.02
- Jul 1, 2026Leadership change8-K 5.02
- May 15, 2026Leadership change8-K 5.02
- Feb 17, 2026Leadership change8-K 5.02
- Feb 4, 2026Annual report amended10-K/A
- Jan 20, 2026Leadership change8-K 5.02
- Dec 15, 2025Leadership change8-K 5.02
- Aug 25, 2025Leadership change8-K 5.02
- Jul 2, 2025Leadership change8-K 5.02
- Feb 24, 2025Leadership change8-K 5.02
- Nov 18, 2024Leadership change8-K 5.02
- Jul 22, 2024Leadership change8-K 5.02
Latest shareholder vote results: May 15, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $8.6bn returned to owners in buybacks and dividends, 76% of net income, and $5.9bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $16.4bn | $23.6bn | $22.7bn | $25.8bn | $34.6bn |
| Net income | $3.2bn | $1.3bn | $854.0m | $1.6bn | $4.3bn |
| Stock-based pay | $379.0m | $1.1bn | $1.4bn | $1.4bn | $1.6bn |
| Buybacks | $1.8bn | $3.7bn | $985.0m | $862.0m | $1.3bn |
| Dividends | — | — | — | — | — |
| Diluted shares | 1229m | 1571m | 1625m | 1637m | 1636m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.