Advanced Micro Devices (NASDAQ:AMD) saw its stock rise 6.5% in pre-market trading after unveiling a significant increase to its share repurchase program. The semiconductor giant announced a fresh $6 billion authorization for stock buybacks, adding to the $4 billion still available under its prior program as of March 29, 2025. This boosts AMD’s total buyback capacity to approximately $10 billion.
The announcement, made early Wednesday, reflects the company’s continued confidence in its financial strength and growth outlook. AMD Chair and CEO Dr. Lisa Su highlighted the expansion as a signal of the company’s strong free cash flow generation and commitment to disciplined capital management. She emphasized AMD’s strategy of balancing investment in innovation with consistent returns to shareholders.
Under the plan, repurchases may be executed through open market purchases or private transactions, depending on prevailing market conditions. The program is open-ended — there is no fixed expiration date, and AMD retains the flexibility to modify, pause, or end the buybacks at any time. There’s also no obligation for the company to repurchase a set number of shares.
By reducing the total number of shares outstanding, the expanded buyback initiative aims to increase earnings per share and bolster shareholder value. The move also serves as a signal that AMD’s leadership views the stock as undervalued and is confident in the company’s financial and operational trajectory.
