Advanced Micro Devices

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

                    Revenue
                    FY2025
                
$34.6B
                    3y CAGR +13.6%
                    
                    P75
                    
                    +34.3%
                    
                    Net income
                    FY2025
                
$4.3B
                    Net margin +12.5%
                    
                    P36
                    
                    +164.2%
                    
                    Total assets
                    FY2025
                
$76.9B
                    ROA +5.6%
                    
                    P27
                    
                    +11.1%
                    
                    Operating cash flow
                    FY2025
                
$7.7B
                    FCF margin +19.4%
                    
                    P47
                    
                    +153.5%

18 yrs · FY2008–FY2025 9 filed · 0 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

31 accounts · 3 years

Total assets $76.9B

Total liabilities $9.5B

Shareholders equity $63.0B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	7.2%	5.5%	5.8%
Short Term Investments	6.5%	1.9%	2.7%
Accounts Receivable	8.2%	8.9%	6.4%
Inventory	10.3%	8.3%	6.4%
Prepaid Expenses	2.8%	2.7%	3.4%
Total Current Assets	35.0%	27.5%	24.7%
Property,Plant and Equipment	3.0%	2.6%	2.3%
Goodwill	32.7%	35.9%	35.7%
Intangible Assets	21.7%	27.3%	31.5%
Long Term Investments	6.5%	—	—
Deferred Tax Assets	0.5%	—	—
Other Noncurrent Assets	7.1%	4.5%	4.1%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	3.8%	2.9%	3.0%
Accrued Liabilities	6.8%	6.2%	4.5%
Current Portion of Long Term Debt	1.1%	—	—
Operating Lease Liabilities	0.8%	0.2%	0.2%
Other Current Liabilities	0.5%	—	—
Total Current Liabilities	12.3%	10.5%	9.9%
Long Term Debt	3.1%	2.5%	2.5%
Operating Lease Liabilities Noncurrent	0.8%	0.7%	0.8%
Deferred Tax Liabilities	0.4%	6.0%	5.8%
Other Noncurrent Liabilities	1.5%	2.6%	2.7%
Total Liabilities	12.3%	—	—
Equity
Common Stock	0.0%	0.0%	0.0%
Additional Paid In Capital	82.4%	88.6%	87.9%
Retained Earnings	8.7%	3.4%	1.1%
Treasury Stock	9.2%	8.8%	6.6%
Accumulated Other Comprehensive Income	-0.0%	-0.1%	-0.0%
Total Stockholders Equity	81.9%	83.2%	82.3%
Total Liabilitiesand Equity	100.0%	—	—

Income Statement

Revenue, expense, and profitability

20 accounts · 3 years

Revenue $34.6B

Operating income $3.7B

Net income $4.3B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	45.0%	37.2%	33.4%
Expenses Cost of Revenue	22.7%	18.9%	18.0%
Expenses Research and Development	10.5%	9.3%	8.6%
Expenses Selling,General and Administrative	5.4%	4.0%	3.5%
Expenses Depreciation and Amortization	0.7%	0.7%	0.6%
Expenses Share Based Compensation	2.1%	2.0%	2.0%
Expenses Restructuring and Asset Impairment	0.0%	—	—
Expenses Operating Expenses	17.5%	—	—
Other Income Expense Gross Profit	22.3%	18.4%	15.4%
Other Income Expense Operating Income	4.8%	2.7%	0.6%
Other Income Expense Interest Expense	0.2%	0.1%	0.2%
Other Income Expense Other Income/expense	0.8%	0.3%	0.3%
Other Income Expense Income Before Tax	5.4%	2.9%	0.7%
Income Tax Income Tax Expense	-0.1%	0.6%	-0.5%
net Income net Income	5.6%	2.4%	1.3%
net Income Comprehensive Income	5.7%	2.3%	1.3%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Basic	2.1%	2.3%	2.4%
Earnings Per Share Weighted Average Shares Diluted	2.1%	2.4%	2.4%

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 3 years

Operating cash flow $7.7B

Investing cash flow $-5.5B

Financing cash flow $-431.0M

Account	2025	2024	2023
CashFlow
Operating Activities net Income	5.6%	2.4%	1.3%
Operating Activities Depreciation and Amortization	3.0%	3.5%	4.1%
Operating Activities Stock Based Compensation	2.1%	—	—
Operating Activities Deferred Income Taxes	0.3%	-1.7%	-1.5%
Operating Activities Changes In Operating Assets and Liabilities	3.6%	4.1%	2.8%
Operating Activities net Cash From Operating Activities	10.0%	4.4%	2.5%
Investing Activities Capital Expenditures	1.3%	0.9%	0.8%
Investing Activities Purchases of Investments	0.0%	—	—
Investing Activities Other Investing Activities	-0.0%	—	—
Investing Activities net Cash From Investing Activities	-7.2%	-1.6%	-2.1%
Financing Activities Repayment of Debt	1.2%	1.1%	0.0%
Financing Activities Repurchase of Common Stock	1.7%	1.2%	1.5%
Financing Activities Proceeds From Stock Issuance	0.4%	0.4%	0.4%
Financing Activities Tax Withholding On Stock Based Compensation	0.8%	1.1%	0.6%
Financing Activities Other Financing Activities	0.0%	—	—
Financing Activities net Cash From Financing Activities	-0.6%	-3.0%	-1.7%
Cash Reconciliation net Change In Cash	2.3%	-0.2%	-1.3%
Cash Reconciliation Cash At Beginning of Period	7.2%	5.5%	5.8%
Cash Reconciliation Cash At End of Period	7.2%	5.5%	5.8%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+49.5%	+49.4%	+46.1%
Operating margin	+10.7%	+7.4%	+1.8%
Net margin	+12.5%	+6.4%	+3.8%
FCF margin	+19.4%	+9.3%	+4.9%
Growth
Revenue CAGR (3y)	+13.6%	+16.2%	+32.4%
Returns
ROE	+6.9%	+2.9%	+1.5%
ROA	+5.6%	+2.4%	+1.3%
ROIC	+6.1%	+2.8%	+0.7%
Liquidity
Current ratio	2.85x	2.62x	2.51x
Quick ratio	1.25x	1.37x	1.23x
Leverage
D/E	0.15x	0.20x	0.21x
Interest coverage	28.20x	20.65x	3.78x
Efficiency
Asset turnover	0.45x	0.37x	0.33x
Cash conversion cycle	+171d	+192d	+138d

Valuation

Price against fundamentals

AMD $159 · 2025-09-17 · 363d old · FY2025

Market cap $260.4B

P/E 60.07x

P/S 7.52x

P/B 4.13x

EV $258.1B

EV/EBITDA 61.23x

FCF yield +2.6%

Dividend yield —

Notes

Your annotations

Not watched