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

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 5 years

Total assets $76.9B

Total liabilities ~$13.9B

Shareholders equity $63.0B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	+21.6%	+14.3%	+24.6%	+90.7%	—
Short Term Investments	+47.0%	+7.8%	+31.0%	-4.9%	—
Accounts Receivable	+23.6%	+31.8%	+26.4%	+52.5%	—
Inventory	+41.9%	+43.1%	+49.2%	+92.9%	—
Prepaid Expenses	+62.2%	+85.5%	+172.2%	+305.4%	—
Total Current Assets	+33.1%	+30.4%	+39.8%	+75.0%	—
Property,Plant and Equipment	+34.7%	+36.9%	+50.5%	+115.5%	—
Goodwill	+205.4%	+341.3%	+816.3%	+8265.7%	—
Intangible Assets	—	—	—	—	—
Deferred Tax Assets	-19.9%	-9.6%	-37.3%	-93.8%	—
Other Noncurrent Assets	+38.6%	+38.4%	+37.8%	+45.6%	—
Total Assets	+57.8%	+77.3%	+133.8%	+444.2%	—
Liabilities
Accounts Payable	+20.1%	+20.6%	+31.1%	+110.2%	—
Accrued Liabilities	+21.3%	+20.7%	+12.8%	+26.9%	—
Current Portion of Long Term Debt	+29.4%	—	+55.1%	—	—
Other Current Liabilities	+42.3%	+78.2%	+111.4%	+242.9%	—
Total Current Liabilities	+22.2%	+19.7%	+25.6%	+50.2%	—
Long Term Debt	+596.1%	+1098.4%	+4043.7%	+246600.0%	—
Operating Lease Liabilities Noncurrent	+15.8%	+12.2%	+24.0%	+13.8%	—
Deferred Tax Liabilities	+126.0%	+207.5%	+900.8%	+16016.7%	—
Other Noncurrent Liabilities	+38.6%	+78.2%	+140.1%	+418.4%	—
Equity
Common Stock	+9.1%	+12.3%	+19.0%	+33.3%	—
Additional Paid In Capital	+54.7%	+77.0%	+132.2%	+424.0%	—
Retained Earnings	—	—	—	—	—
Treasury Stock	+35.0%	+42.1%	+45.6%	+45.5%	—
Accumulated Other Comprehensive Income	—	—	—	—	—
Total Stockholders Equity	+70.3%	+97.3%	+173.0%	+630.3%	—
Total Liabilitiesand Equity	+57.8%	+77.3%	+133.8%	+444.2%	—

Income Statement

Revenue, expense, and profitability

19 accounts · 5 years

Revenue $34.6B

Operating income $3.7B

Net income $4.3B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	+20.5%	+16.2%	+17.5%	+43.6%	—
Expenses Cost of Revenue	+0.7%	-8.4%	-15.2%	-23.6%	—
Other Income Expense Gross Profit	+21.3%	+17.1%	+14.9%	+33.7%	—
Expenses Research and Development	+29.9%	+31.4%	+43.7%	+75.9%	—
Expenses Selling,General and Administrative	+30.1%	+23.6%	+26.5%	+61.3%	—
Expenses Depreciation and Amortization	—	—	—	—	—
Expenses Restructuring and Asset Impairment	—	—	—	—	—
Expenses Operating Expenses	—	—	—	—	—
Other Income Expense Operating Income	+0.3%	-19.5%	-66.8%	-65.4%	—
Other Income Expense Interest Expense	+40.1%	+39.3%	+76.6%	+158.8%	—
Other Income Expense Other Income/expense	+80.0%	+48.7%	+89.3%	-85.5%	—
Other Income Expense Income Before Tax	+3.1%	-18.5%	-63.4%	-67.7%	—
Income Tax Income Tax Expense	—	-9.4%	—	—	—
net Income Other Items Below Tax	+97.9%	+76.5%	+63.3%	+133.3%	—
net Income net Income	+8.2%	-19.6%	-48.0%	-58.3%	—
net Income Comprehensive Income	+8.8%	-20.4%	-46.9%	-59.2%	—
Earnings Per Share Basic Eps	+0.6%	-27.1%	-54.9%	-67.4%	—
Earnings Per Share Diluted Eps	+0.8%	-27.0%	-54.6%	-67.3%	—
Earnings Per Share Weighted Average Shares Diluted	+7.4%	+10.0%	+15.0%	+27.8%	—

Cash Flow Statement

Operating, investing, and financing flows

21 accounts · 5 years

Operating cash flow $7.7B

Investing cash flow $-5.5B

Financing cash flow $-431.0M

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	+8.2%	-19.6%	-48.0%	-58.3%	—
Operating Activities Depreciation and Amortization	+59.6%	+87.7%	+173.1%	+820.5%	—
Operating Activities Stock Based Compensation	+44.2%	+54.8%	+91.1%	+185.2%	—
Operating Activities Deferred Income Taxes	-5.3%	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	—	—	—	—	—
Operating Activities Other Non Cash Items	+116.8%	+69.5%	+6.2%	+548.7%	—
Operating Activities net Cash From Operating Activities	+21.6%	-4.8%	-31.2%	+1.2%	—
Investing Activities Capital Expenditures	—	—	—	—	—
Investing Activities Business Acquisitions	—	—	—	—	—
Investing Activities Purchases of Investments	—	—	—	—	—
Investing Activities Proceeds From Sale of Investments	+2.4%	+6.6%	+33.4%	+156.9%	—
Investing Activities Other Investing Activities	—	—	—	—	—
Investing Activities net Cash From Investing Activities	—	—	—	+191.4%	—
Financing Activities Proceeds From Debt	—	—	—	—	—
Financing Activities Repayment of Debt	—	—	—	—	—
Financing Activities Repurchase of Common Stock	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	+28.7%	+38.9%	+60.5%	+60.6%	—
Financing Activities Tax Withholding On Stock Based Compensation	—	—	—	—	—
Financing Activities Other Financing Activities	—	—	—	—	—
Financing Activities net Cash From Financing Activities	—	—	—	—	—
Cash Reconciliation net Change In Cash	+16.7%	—	—	+144.7%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+49.5%	+49.4%	+46.1%	+44.9%	-3.5%
Operating margin	+10.7%	+7.4%	+1.8%	+5.4%	+22.2%
Net margin	+12.5%	+6.4%	+3.8%	+5.6%	+19.2%
FCF margin	+19.4%	+9.3%	+4.9%	+13.2%	+19.6%
Growth
Revenue CAGR (3y)	+13.6%	+16.2%	+32.4%	+51.9%	+36.4%
Returns
ROE	+6.9%	+2.9%	+1.5%	+2.4%	+42.2%
ROA	+5.6%	+2.4%	+1.3%	+2.0%	+25.5%
ROIC	+6.1%	+2.8%	+0.7%	+2.4%	+59.5%
Liquidity
Current ratio	2.85x	2.62x	2.51x	2.36x	2.02x
Quick ratio	1.25x	1.37x	1.23x	1.41x	1.24x
Leverage
D/E	0.22x	0.20x	0.21x	0.23x	0.66x
Interest coverage	28.20x	20.65x	3.78x	14.36x	107.29x
Efficiency
Asset turnover	0.45x	0.37x	0.33x	0.35x	1.32x
Cash conversion cycle	+171d	+179d	+127d	+87d	+72d

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

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