Advanced Micro Devices

Information Technology Semiconductors Santa Clara, California Last filing Feb 4, 2026 · FY2025

                    Revenue
                    FY2025
                
$34.6B
                    3y CAGR +13.6%
                    
                    P72
                    
                    +34.3%
                    
                    Net income
                    FY2025
                
$4.3B
                    Net margin +12.5%
                    
                    P38
                    
                    +164.2%
                    
                    Total assets
                    FY2025
                
$76.9B
                    ROA +5.6%
                    
                    P29
                    
                    +11.1%
                    
                    Operating cash flow
                    FY2025
                
$7.7B
                    FCF margin +19.4%
                    
                    P42
                    
                    +153.5%

18 yrs · FY2008–FY2025 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 10 years

Total assets $76.9B

Total liabilities ~$13.9B

Shareholders equity $63.0B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	7.2%	5.5%	5.8%	7.2%	20.4%	17.8%	24.3%	23.7%	33.5%	38.1%
Short Term Investments	6.5%	1.9%	2.7%	1.5%	8.6%	7.8%	0.6%	1.7%	—	—
Accounts Receivable	8.2%	8.9%	6.4%	6.1%	21.8%	23.1%	30.8%	27.1%	11.3%	9.4%
Inventory	10.3%	8.3%	6.4%	5.6%	15.7%	15.6%	16.3%	18.5%	20.9%	22.6%
Prepaid Expenses	2.8%	2.9%	3.4%	1.9%	2.5%	4.2%	3.9%	6.7%	3.1%	2.9%
Total Current Assets	35.0%	27.5%	24.7%	22.2%	69.1%	68.5%	76.3%	77.7%	74.1%	76.2%
Property,Plant and Equipment	3.0%	2.6%	2.3%	2.2%	5.7%	7.2%	8.3%	7.6%	7.4%	4.9%
Goodwill	32.7%	35.9%	35.7%	35.8%	2.3%	3.2%	4.8%	6.3%	8.2%	8.7%
Intangible Assets	21.7%	27.3%	31.5%	35.7%	0.0%	—	—	—	—	—
Deferred Tax Assets	0.5%	1.0%	0.5%	0.1%	7.5%	13.9%	0.4%	—	—	—
Other Noncurrent Assets	7.1%	5.7%	4.1%	3.2%	11.9%	4.2%	5.9%	7.0%	8.8%	8.4%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	3.8%	3.6%	3.6%	4.4%	11.3%	6.1%	19.9%	22.8%	22.5%	24.8%
Accrued Liabilities	6.8%	6.2%	4.5%	4.6%	19.5%	20.0%	18.0%	17.2%	15.3%	11.8%
Current Portion of Long Term Debt	1.1%	0.0%	1.1%	0.0%	2.5%	0.0%	—	3.0%	2.0%	0.0%
Other Current Liabilities	0.5%	0.8%	0.6%	0.5%	0.8%	0.8%	1.2%	0.5%	1.6%	2.1%
Total Current Liabilities	12.3%	10.5%	9.9%	9.4%	34.1%	27.0%	39.1%	43.5%	42.0%	40.5%
Long Term Debt	3.1%	2.5%	2.5%	3.7%	0.0%	3.7%	8.1%	24.5%	37.4%	43.2%
Operating Lease Liabilities Noncurrent	0.8%	0.7%	0.8%	0.6%	2.8%	2.2%	3.3%	—	—	—
Deferred Tax Liabilities	0.4%	0.5%	1.8%	2.9%	0.1%	—	—	—	—	—
Other Noncurrent Liabilities	1.5%	2.6%	2.7%	2.5%	2.6%	2.0%	2.6%	4.2%	3.3%	3.7%
Equity
Common Stock	0.0%	0.0%	0.0%	0.0%	0.1%	0.1%	0.2%	0.2%	0.3%	0.3%
Additional Paid In Capital	82.4%	88.6%	87.9%	85.8%	89.1%	117.7%	165.3%	192.1%	239.1%	250.9%
Retained Earnings	8.7%	3.4%	1.1%	-0.2%	-11.7%	-51.4%	-117.7%	-163.2%	-219.2%	-235.0%
Treasury Stock	9.2%	8.8%	6.6%	4.6%	17.2%	1.5%	0.9%	1.1%	3.1%	3.6%
Accumulated Other Comprehensive Income	-0.0%	-0.1%	-0.0%	-0.1%	-0.0%	0.2%	0.0%	-0.2%	0.2%	-0.2%
Total Stockholders Equity	81.9%	83.2%	82.3%	81.0%	60.4%	65.1%	46.9%	27.8%	17.3%	12.5%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

19 accounts · 10 years

Revenue $34.6B

Operating income $3.7B

Net income $4.3B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IncomeStatement
Revenues Total Revenue	45.0%	37.2%	33.4%	34.9%	132.3%	108.9%	111.7%	142.1%	150.5%	128.6%
Expenses Cost of Revenue	22.7%	18.9%	18.0%	19.2%	137.0%	120.9%	64.1%	88.4%	99.0%	98.6%
Other Income Expense Gross Profit	22.3%	18.4%	15.4%	15.7%	63.8%	48.5%	47.6%	53.7%	51.5%	30.1%
Expenses Research and Development	10.5%	9.3%	8.6%	7.4%	22.9%	22.1%	25.7%	31.5%	32.8%	30.4%
Expenses Selling,General and Administrative	5.4%	4.0%	3.4%	3.5%	11.7%	11.1%	12.4%	12.3%	14.4%	13.9%
Expenses Depreciation and Amortization	1.6%	2.1%	2.8%	3.1%	0.0%	0.0%	—	—	0.0%	0.0%
Expenses Restructuring and Asset Impairment	0.0%	0.3%	0.0%	0.0%	—	—	—	—	—	—
Expenses Operating Expenses	17.5%	15.6%	14.8%	—	—	—	—	—	—	—
Other Income Expense Operating Income	4.8%	2.7%	0.6%	1.9%	29.4%	15.3%	10.5%	9.9%	5.8%	-11.2%
Other Income Expense Interest Expense	0.2%	0.1%	0.2%	0.1%	0.3%	0.5%	1.6%	2.7%	3.6%	4.7%
Other Income Expense Other Income/expense	0.8%	0.3%	0.3%	0.0%	0.4%	-0.5%	-2.7%	0.0%	-0.3%	2.4%
Other Income Expense Income Before Tax	5.4%	2.9%	0.7%	1.8%	29.5%	14.2%	6.2%	7.2%	1.9%	-13.5%
Income Tax Income Tax Expense	-0.1%	0.6%	-0.5%	-0.2%	4.1%	-13.5%	0.5%	-0.2%	0.5%	1.2%
net Income Other Items Below Tax	0.1%	0.0%	0.0%	0.0%	0.0%	0.1%	0.0%	-0.0%	-0.2%	-0.3%
net Income net Income	5.6%	2.4%	1.3%	2.0%	25.5%	27.8%	5.7%	7.4%	1.2%	-15.0%
net Income Comprehensive Income	5.7%	2.3%	1.3%	1.9%	25.3%	28.0%	5.8%	7.1%	1.5%	-14.9%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-0.0%
Earnings Per Share Weighted Average Shares Diluted	2.1%	2.4%	2.4%	2.3%	9.9%	13.5%	18.6%	23.4%	29.4%	25.1%

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 10 years

Operating cash flow $7.7B

Investing cash flow $-5.5B

Financing cash flow $-431.0M

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CashFlow
Operating Activities net Income	5.6%	2.4%	1.3%	2.0%	25.5%	27.8%	5.7%	7.4%	1.2%	-15.0%
Operating Activities Depreciation and Amortization	3.9%	4.4%	5.1%	6.3%	3.7%	4.0%	4.3%	3.7%	4.1%	4.0%
Operating Activities Stock Based Compensation	2.1%	2.0%	2.0%	1.6%	3.1%	3.1%	3.3%	3.0%	2.7%	2.6%
Operating Activities Deferred Income Taxes	0.3%	-1.7%	-1.5%	-2.2%	2.5%	-13.6%	-0.1%	-0.1%	0.0%	0.3%
Operating Activities Changes In Operating Assets and Liabilities	-3.1%	-3.0%	-4.5%	-2.7%	-6.7%	-10.4%	-9.0%	-16.0%	-7.5%	5.4%
Operating Activities Other Non Cash Items	1.1%	0.3%	0.1%	0.4%	0.3%	1.2%	4.1%	2.7%	1.4%	5.3%
Operating Activities net Cash From Operating Activities	10.0%	4.4%	2.5%	5.3%	28.4%	12.0%	8.2%	0.7%	1.9%	2.7%
Investing Activities Capital Expenditures	-1.3%	-0.9%	-0.8%	-0.7%	-2.4%	-3.3%	-3.6%	-3.6%	-3.2%	-2.3%
Investing Activities Business Acquisitions	-2.3%	-1.0%	-0.2%	1.2%	0.0%	—	—	—	—	—
Investing Activities Purchases of Investments	-7.8%	-2.6%	-5.5%	-4.0%	-16.6%	-9.5%	-4.7%	-2.7%	-6.3%	0.0%
Investing Activities Proceeds From Sale of Investments	2.4%	2.9%	4.4%	6.4%	13.5%	2.1%	5.4%	1.0%	6.3%	0.0%
Investing Activities Other Investing Activities	1.8%	0.0%	0.0%	-0.0%	-0.1%	0.0%	0.4%	1.6%	-0.0%	10.4%
Investing Activities net Cash From Investing Activities	-7.2%	-1.6%	-2.1%	3.0%	5.5%	-10.6%	-2.5%	-3.7%	-3.2%	8.0%
Financing Activities Proceeds From Debt	3.2%	0.0%	0.0%	1.5%	0.0%	2.2%	0.0%	0.0%	2.0%	16.6%
Financing Activities Repayment of Debt	-1.2%	-1.1%	0.0%	-0.5%	0.0%	-2.2%	-7.8%	-0.9%	-3.1%	-33.5%
Financing Activities Repurchase of Common Stock	-1.7%	-1.2%	-1.5%	-5.5%	-14.2%	0.0%	0.0%	—	—	—
Financing Activities Proceeds From Stock Issuance	0.4%	0.4%	0.4%	0.2%	0.8%	0.9%	8.7%	1.5%	0.6%	20.7%
Financing Activities Tax Withholding On Stock Based Compensation	-0.8%	-1.1%	-0.6%	-0.6%	-1.9%	-0.9%	-0.1%	-0.1%	—	—
Financing Activities Other Financing Activities	-0.4%	-0.0%	-0.0%	-0.0%	0.0%	0.0%	-0.0%	0.1%	-0.4%	-0.1%
Financing Activities net Cash From Financing Activities	-0.6%	-3.0%	-1.7%	-4.8%	15.3%	0.1%	0.7%	0.6%	-0.9%	3.7%
Cash Reconciliation net Change In Cash	2.3%	-0.2%	-1.3%	3.4%	7.6%	1.4%	6.4%	-2.4%	-2.2%	14.4%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 10 years

Ratio	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Profitability
Gross margin	+49.5%	+49.4%	+46.1%	+44.9%	-3.5%	-10.9%	+42.6%	+37.8%	+34.2%	+23.4%
Operating margin	+10.7%	+7.4%	+1.8%	+5.4%	+22.2%	+14.0%	+9.4%	+7.0%	+3.8%	-8.7%
Net margin	+12.5%	+6.4%	+3.8%	+5.6%	+19.2%	+25.5%	+5.1%	+5.2%	+0.8%	-11.6%
FCF margin	+19.4%	+9.3%	+4.9%	+13.2%	+19.6%	+8.0%	+4.1%	-2.0%	-0.8%	+0.3%
Growth
Revenue CAGR (3y)	+13.6%	+16.2%	+32.4%	+51.9%	+36.4%	+22.4%	+16.4%	+17.5%	-1.1%	-6.9%
Returns
ROE	+6.9%	+2.9%	+1.5%	+2.4%	+42.2%	+42.7%	+12.1%	+26.6%	+7.0%	-119.5%
ROA	+5.6%	+2.4%	+1.3%	+2.0%	+25.5%	+27.8%	+5.7%	+7.4%	+1.2%	-15.0%
ROIC	+6.1%	+2.8%	+0.7%	+2.4%	+59.5%	+29.9%	+31.3%	+31.4%	+18.0%	-63.4%
Liquidity
Current ratio	2.85x	2.62x	2.51x	2.36x	2.02x	2.54x	1.95x	1.78x	1.76x	1.88x
Quick ratio	1.25x	1.37x	1.23x	1.41x	1.24x	1.51x	1.41x	1.17x	1.07x	1.17x
Leverage
D/E	0.22x	0.20x	0.21x	0.23x	0.66x	0.54x	1.13x	2.60x	4.79x	6.98x
Interest coverage	28.20x	20.65x	3.78x	14.36x	107.29x	29.13x	6.71x	3.73x	1.62x	-2.38x
Efficiency
Asset turnover	0.45x	0.37x	0.33x	0.35x	1.32x	1.09x	1.12x	1.42x	1.51x	1.29x
Cash conversion cycle	+171d	+179d	+127d	+87d	+72d	+106d	+80d	+52d	+21d	+19d

Valuation

Price against fundamentals

AMD $159 · 2025-09-17 · 409d old · FY2025

Market cap $260.4B

P/E 60.07x

P/S 7.52x

P/B 4.13x

EV $258.1B

EV/EBITDA 52.49x

FCF yield +2.6%

Dividend yield —

Notes

Your annotations

Not watched