Is AMD diluting shareholders?

Read three numbers together: shares outstanding over time (1.63B as of 2026-04-29), warrants that can convert into new shares (160.0M reported), and how much cash runway remains. A company short on cash with live registrations is structurally likely to issue shares.

Where do these numbers come from?

SEC EDGAR only: the XBRL company-facts API for shares, warrants and cash, and filing metadata for registrations and pricings. Every figure shows its source form, and nothing here is estimated by us beyond the arithmetic stated next to it.

Why might a warrant tranche be missing from the table?

The tranche table is built from the dimensions the company tagged in its own 10-Q or 10-K XBRL. A tranche the filer chose not to dimension does not appear, and its absence proves nothing: the exhibits remain the ground truth. Everything shown carries the filing it came from.

Dilution profile // every instrument, one screen, from SEC filings

ADVANCED MICRO DEVICES INC (AMD)

CIK 2488 · all EDGAR filings →

Overall dilution risk

HIGHworst of 4 computed signals (offering ability)

= the worst band among the computed sub-ratings, no hidden weighting

Offering ability

HIGH$948M registered

= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)

registered capacity, not remaining: amounts already taken down are not subtracted yet

Overhead supply

LOWwarrants = 10% of O/S

= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)

warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this

Historical dilution

LOW+1% O/S in 3y

= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative

a reverse-split-sized cliff is in this window; read the chart

Cash need

LOWoperating cash flow positive

= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

Latest: 1.63B shares as of Apr 29, 2026 (10-Q). Share count fell from 707555.11B to 711.9M between Jul 27, 2012 and Oct 29, 2012, a pattern consistent with a reverse split (roughly 1-for-993830); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Self-funding

profitable · generates cash

Full breakdown: cash runway tool · source filing →

Warrants

Tranche	Warrants	Exercise price	Term	Notes
Common Stock	160.0M	not tagged	—	—

Tranches exactly as the company dimensioned them in its 10-K filed Feb 4, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Warrants outstanding: 160.0M underlying shares, as reported Mar 28, 2026 (10-Q).

Reported exercise price: $0.01 (aggregate figure as tagged; individual tranches vary).

Rough fully diluted estimate: 1.79B = 1.63B O/S + 160.0M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

No convertible-note facts tagged in the 10-Q filed May 6, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.

Registrations and offerings

Registered offering capacity on live registrations: $948.5Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-3ASRMar 31, 2025$948.5M registeredfiling →

Last 12 months: 2 executed · 0 registered.

EXECUTEDFeb 24, 2026Unregistered share sale disclosed (8-K item 3.02)8-K →

EXECUTEDOct 6, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →

EXECUTEDMar 31, 2025Unregistered share sale disclosed (8-K item 3.02)8-K →

REGISTEREDMar 31, 2025Automatic shelf registration — effective immediately (large filers)S-3ASR →

EXECUTEDMar 12, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →

EXECUTEDMar 10, 2025Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →

MARKETINGMar 10, 2025Free-writing prospectus — offering being marketedFWP →

EXECUTEDAug 19, 2024Unregistered share sale disclosed (8-K item 3.02)8-K →

EXECUTEDJun 8, 2022Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →

EXECUTEDJun 7, 2022Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5 →

MARKETINGJun 7, 2022Free-writing prospectus — offering being marketedFWP →

REGISTEREDJun 6, 2022Automatic shelf registration — effective immediately (large filers)S-3ASR →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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