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

Balance Sheet

Assets, liabilities, and equity

31 accounts · 10 years

Total assets $76.9B

Total liabilities $9.5B

Shareholders equity $63.0B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	$5.5B 46.3%	$3.8B -3.7%	$3.9B -18.7%	$4.8B 90.7%	$2.5B 58.9%	$1.6B 8.8%	$1.5B 36.0%	$1.1B -9.0%	$1.2B -6.3%	$1.3B
Short Term Investments	$5.0B 272.7%	$1.3B -26.9%	$1.8B 80.4%	$1.0B -4.9%	$1.1B 54.4%	$695.0M 1778.4%	$37.0M -52.6%	$78.0M	$0	$0
Accounts Receivable	$6.3B 2.0%	$6.2B 43.2%	$4.3B 4.8%	$4.1B 52.5%	$2.7B 31.0%	$2.1B 11.1%	$1.9B 50.5%	$1.2B 172.0%	$454.0M 46.0%	$311.0M
Inventory	$7.9B 38.1%	$5.7B 31.8%	$4.4B 15.4%	$3.8B 92.9%	$2.0B 39.7%	$1.4B 42.5%	$982.0M 16.2%	$845.0M 21.8%	$694.0M -7.6%	$751.0M
Prepaid Expenses	$2.2B 15.0%	$1.9B -18.8%	$2.3B 82.8%	$1.3B 305.4%	$312.0M -17.5%	$378.0M 62.2%	$233.0M -13.7%	$270.0M 41.4%	$191.0M 75.2%	$109.0M
Total Current Assets	$26.9B 41.5%	$19.0B 13.6%	$16.8B 11.6%	$15.0B 75.0%	$8.6B 39.7%	$6.1B 33.6%	$4.6B 29.9%	$3.5B 34.4%	$2.6B 4.1%	$2.5B
Property,Plant and Equipment	$2.3B 28.3%	$1.8B 13.4%	$1.6B 5.0%	$1.5B 115.5%	$702.0M 9.5%	$641.0M 28.2%	$500.0M 43.7%	$348.0M 33.3%	$261.0M 59.1%	$164.0M
Goodwill	$25.1B 1.2%	$24.8B 2.4%	$24.3B 0.4%	$24.2B 8265.7%	$289.0M 0.0%	$289.0M 0.0%	$289.0M 0.0%	$289.0M 0.0%	$289.0M 0.0%	$289.0M
Intangible Assets	$16.7B -11.8%	$18.9B -11.4%	$21.4B -11.4%	$24.1B	$0	—	—	—	—	$0
Long Term Investments	$5.0B	—	—	$83.0M	—	—	—	—	—	$59.0M
Deferred Tax Assets	$384.0M	—	—	$58.0M	—	—	—	—	—	$176.0M
Other Noncurrent Assets	$5.5B 73.3%	$3.1B 12.2%	$2.8B 30.3%	$2.2B 45.6%	$1.5B 296.2%	$373.0M 4.5%	$357.0M 11.2%	$321.0M 3.5%	$310.0M 11.1%	$279.0M
Total Assets	$76.9B 11.1%	$69.2B 2.0%	$67.9B 0.5%	$67.6B 444.2%	$12.4B 38.6%	$9.0B 48.7%	$6.0B 32.3%	$4.6B 28.3%	$3.6B 7.0%	$3.3B
Liabilities
Accounts Payable	$2.9B 47.2%	$2.0B -3.2%	$2.1B -17.6%	$2.5B 88.7%	$1.3B 182.3%	$468.0M -52.6%	$988.0M 18.5%	$834.0M 117.2%	$384.0M -12.7%	$440.0M
Accrued Liabilities	$5.2B 23.2%	$4.3B 38.2%	$3.1B 0.2%	$3.1B 26.9%	$2.4B 35.0%	$1.8B 65.7%	$1.1B 38.4%	$783.0M 41.1%	$555.0M 41.9%	$391.0M
Current Portion of Long Term Debt	$874.0M	—	—	$0	—	—	—	—	—	—
Operating Lease Liabilities	$625.0M 473.4%	$109.0M 2.8%	$106.0M -73.2%	$396.0M 457.7%	$71.0M 73.2%	$41.0M -4.7%	$43.0M	$0	—	—
Other Current Liabilities	$402.0M	—	—	$336.0M	—	—	—	—	—	$69.0M
Total Current Liabilities	$9.5B 29.9%	$7.3B 8.9%	$6.7B 5.0%	$6.4B 50.2%	$4.2B 75.4%	$2.4B 2.5%	$2.4B 18.9%	$2.0B 31.1%	$1.5B 12.4%	$1.3B
Long Term Debt	$2.3B 36.4%	$1.7B 0.2%	$1.7B -30.4%	$2.5B 246600.0%	$1.0M -99.7%	$330.0M -32.1%	$486.0M -56.4%	$1.1B -15.9%	$1.3B -7.7%	$1.4B
Operating Lease Liabilities Noncurrent	$625.0M 27.3%	$491.0M -8.2%	$535.0M 35.1%	$396.0M 13.8%	$348.0M 73.1%	$201.0M 1.0%	$199.0M	$0	—	—
Deferred Tax Liabilities	$313.0M -92.5%	$4.2B 5.9%	$3.9B -9.3%	$4.3B 2081.4%	$199.0M 5.9%	$188.0M -2.6%	$193.0M 10.9%	$174.0M 3.6%	$168.0M -4.5%	$176.0M
Other Noncurrent Liabilities	$1.2B -34.7%	$1.8B -1.8%	$1.9B 11.2%	$1.7B 418.4%	$321.0M 81.4%	$177.0M 12.7%	$157.0M -18.2%	$192.0M 62.7%	$118.0M -4.8%	$124.0M
Total Liabilities	$9.5B	—	—	$6.4B	—	—	—	—	—	$1.3B
Equity
Common Stock	$17.0M 0.0%	$17.0M 0.0%	$17.0M 6.3%	$16.0M 33.3%	$12.0M 0.0%	$12.0M 0.0%	$12.0M 20.0%	$10.0M 11.1%	$9.0M 0.0%	$9.0M
Additional Paid In Capital	$63.4B 3.3%	$61.4B 2.8%	$59.7B 2.9%	$58.0B 424.0%	$11.1B 5.0%	$10.5B 5.8%	$10.0B 13.9%	$8.8B 3.4%	$8.5B 1.6%	$8.3B
Retained Earnings	$6.7B 183.4%	$2.4B 227.0%	$723.0M 651.9%	$-131.0M 91.0%	$-1.5B 68.5%	$-4.6B 35.1%	$-7.1B 4.6%	$-7.4B 4.4%	$-7.8B 0.4%	$-7.8B
Treasury Stock	$7.1B 15.9%	$6.1B 35.3%	$4.5B 45.7%	$3.1B 45.5%	$2.1B 1526.0%	$131.0M 147.2%	$53.0M 6.0%	$50.0M -53.7%	$108.0M -9.2%	$119.0M
Accumulated Other Comprehensive Income	$-3.0M 95.7%	$-69.0M -590.0%	$-10.0M 75.6%	$-41.0M -1266.7%	$-3.0M -117.6%	$17.0M	$0 100.0%	$-8.0M -233.3%	$6.0M 220.0%	$-5.0M
Total Stockholders Equity	$63.0B 9.4%	$57.6B 3.0%	$55.9B 2.1%	$54.8B 630.3%	$7.5B 28.4%	$5.8B 106.5%	$2.8B 123.3%	$1.3B 112.4%	$596.0M 43.3%	$416.0M
Total Liabilitiesand Equity	$76.9B	—	—	$67.6B	—	—	—	—	—	$3.3B

Income Statement

Revenue, expense, and profitability

20 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	$34.6B 34.3%	$25.8B 13.7%	$22.7B -3.9%	$23.6B 43.6%	$16.4B 68.3%	$9.8B 45.0%	$6.7B 4.0%	$6.5B 23.3%	$5.3B 21.6%	$4.3B
Expenses Cost of Revenue	$17.5B 33.9%	$13.1B 6.9%	$12.2B -6.0%	$13.0B 52.8%	$8.5B 57.0%	$5.4B 40.2%	$3.9B -4.1%	$4.0B 16.2%	$3.5B 4.5%	$3.3B
Expenses Research and Development	$8.1B 25.3%	$6.5B 9.9%	$5.9B 17.3%	$5.0B 75.9%	$2.8B 43.5%	$2.0B 28.2%	$1.5B 7.9%	$1.4B 19.9%	$1.2B 18.7%	$1.0B
Expenses Selling,General and Administrative	$4.1B 48.9%	$2.8B 18.3%	$2.4B 0.7%	$2.3B 61.3%	$1.4B 45.5%	$995.0M 32.7%	$750.0M 33.5%	$562.0M 8.9%	$516.0M 10.7%	$466.0M
Expenses Depreciation and Amortization	$521.0M 14.8%	$454.0M 2.9%	$441.0M 0.5%	$439.0M 48.3%	$296.0M 36.4%	$217.0M 52.8%	$142.0M 51.1%	$94.0M 22.1%	$77.0M 8.5%	$71.0M
Expenses Share Based Compensation	$1.6B 16.4%	$1.4B 1.7%	$1.4B 28.0%	$1.1B 185.2%	$379.0M 38.3%	$274.0M 39.1%	$197.0M 43.8%	$137.0M 41.2%	$97.0M 12.8%	$86.0M
Expenses Restructuring and Asset Impairment	$0	—	—	$0	—	—	—	—	—	$10.0M
Expenses Operating Expenses	$13.5B	—	—	—	—	—	—	—	—	—
Other Income Expense Gross Profit	$17.2B 34.8%	$12.7B 21.7%	$10.5B -1.3%	$10.6B 33.7%	$7.9B 82.4%	$4.3B 51.6%	$2.9B 17.2%	$2.4B 36.9%	$1.8B 78.2%	$1.0B
Other Income Expense Operating Income	$3.7B 94.4%	$1.9B 373.8%	$401.0M -68.3%	$1.3B -65.4%	$3.6B 166.5%	$1.4B 117.0%	$631.0M 39.9%	$451.0M 255.1%	$127.0M 134.0%	$-373.0M
Other Income Expense Interest Expense	$131.0M 42.4%	$92.0M -13.2%	$106.0M 20.5%	$88.0M 158.8%	$34.0M -27.7%	$47.0M -50.0%	$94.0M -22.3%	$121.0M -4.0%	$126.0M -19.2%	$156.0M
Other Income Expense Other Income/expense	$577.0M 218.8%	$181.0M -8.1%	$197.0M 2362.5%	$8.0M -85.5%	$55.0M 217.0%	$-47.0M 71.5%	$-165.0M	$0 100.0%	$-9.0M -111.3%	$80.0M
Other Income Expense Income Before Tax	$4.2B 106.0%	$2.0B 298.0%	$508.0M -57.6%	$1.2B -67.4%	$3.7B 187.1%	$1.3B 244.1%	$372.0M 13.4%	$328.0M 2286.7%	$-15.0M 96.7%	$-459.0M
Income Tax Income Tax Expense	$-103.0M -127.0%	$381.0M 210.1%	$-346.0M -183.6%	$-122.0M -123.8%	$513.0M 142.4%	$-1.2B -4003.2%	$31.0M 444.4%	$-9.0M -150.0%	$18.0M -53.8%	$39.0M
net Income net Income	$4.3B 164.2%	$1.6B 92.2%	$854.0M -35.3%	$1.3B -58.3%	$3.2B 27.0%	$2.5B 630.2%	$341.0M 1.2%	$337.0M 1121.2%	$-33.0M 93.4%	$-498.0M
net Income Comprehensive Income	$4.4B 178.2%	$1.6B 78.8%	$885.0M -31.0%	$1.3B -59.2%	$3.1B 25.3%	$2.5B 618.3%	$349.0M 7.4%	$325.0M 1577.3%	$-22.0M 95.6%	$-495.0M
Earnings Per Share Basic Eps	$3 164.4%	$1 90.6%	$1 -37.6%	$1 -67.4%	$3 24.3%	$2 577.4%	$0 -8.8%	$0 1233.3%	$-0 95.0%	$-1
Earnings Per Share Diluted Eps	$3 165.0%	$1 88.7%	$1 -36.9%	$1 -67.3%	$3 24.8%	$2 586.7%	$0 -6.3%	$0 1166.7%	$-0 95.0%	$-1
Earnings Per Share Weighted Average Shares Basic	$1.6B 0.2%	$1.6B 0.4%	$1.6B 3.4%	$1.6B 28.7%	$1.2B 2.4%	$1.2B 8.5%	$1.1B 11.1%	$982.0M 3.2%	$952.0M 14.0%	$835.0M
Earnings Per Share Weighted Average Shares Diluted	$1.6B -0.1%	$1.6B 0.7%	$1.6B 3.4%	$1.6B 27.8%	$1.2B 1.8%	$1.2B 7.8%	$1.1B 5.3%	$1.1B 11.8%	$952.0M 14.0%	$835.0M

Cash Flow Statement

Operating, investing, and financing flows

19 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	$4.3B 164.2%	$1.6B 92.2%	$854.0M -35.3%	$1.3B -58.3%	$3.2B 27.0%	$2.5B 630.2%	$341.0M 1.2%	$337.0M 1121.2%	$-33.0M 93.4%	$-498.0M
Operating Activities Depreciation and Amortization	$2.3B -4.2%	$2.4B -14.3%	$2.8B 537.8%	$439.0M 48.3%	$296.0M 36.4%	$217.0M 52.8%	$142.0M 51.1%	$94.0M	$0	$0
Operating Activities Stock Based Compensation	$1.6B	—	—	$1.1B	—	—	—	—	—	$86.0M
Operating Activities Deferred Income Taxes	$252.0M 121.7%	$-1.2B -14.1%	$-1.0B 32.3%	$-1.5B -388.6%	$-308.0M -125.2%	$1.2B 17571.4%	$-7.0M -75.0%	$-4.0M 75.0%	$-16.0M -180.0%	$20.0M
Operating Activities Changes In Operating Assets and Liabilities	$2.7B -4.9%	$2.9B 52.5%	$1.9B -59.2%	$4.6B 58.4%	$2.9B 724.0%	$354.0M -67.5%	$1.1B -12.1%	$1.2B 353.8%	$273.0M 727.3%	$33.0M
Operating Activities net Cash From Operating Activities	$7.7B 153.5%	$3.0B 82.4%	$1.7B -53.2%	$3.6B 1.2%	$3.5B 228.8%	$1.1B 117.2%	$493.0M 1350.0%	$34.0M 183.3%	$12.0M -85.2%	$81.0M
Investing Activities Capital Expenditures	$974.0M 53.1%	$636.0M 16.5%	$546.0M 21.3%	$450.0M 49.5%	$301.0M 2.4%	$294.0M 35.5%	$217.0M 33.1%	$163.0M 44.2%	$113.0M 46.8%	$77.0M
Investing Activities Purchases of Investments	$0	—	—	$0	—	—	—	$123.0M -44.6%	$222.0M	$0
Investing Activities Other Investing Activities	$-10.0M	—	—	$11.0M	—	—	—	—	—	$-2.0M
Investing Activities net Cash From Investing Activities	$-5.5B -402.5%	$-1.1B 22.6%	$-1.4B -171.2%	$2.0B 191.4%	$686.0M 172.1%	$-952.0M -538.9%	$-149.0M 12.4%	$-170.0M -214.8%	$-54.0M -119.5%	$277.0M
Financing Activities Repayment of Debt	$950.0M 26.7%	$750.0M	$0 -100.0%	$312.0M	$0 -100.0%	$200.0M -57.7%	$473.0M 1053.7%	$41.0M	—	—
Financing Activities Repurchase of Common Stock	$1.3B 52.7%	$862.0M -12.5%	$985.0M -73.4%	$3.7B 110.1%	$1.8B	$0	$0	—	—	—
Financing Activities Proceeds From Stock Issuance	$285.0M 2.2%	$279.0M 4.1%	$268.0M 60.5%	$167.0M 60.6%	$104.0M 22.4%	$85.0M 14.9%	$74.0M	$0	$0 -100.0%	$667.0M
Financing Activities Tax Withholding On Stock Based Compensation	$607.0M -16.6%	$728.0M 70.5%	$427.0M 5.2%	$406.0M 71.3%	$237.0M 203.8%	$78.0M 1200.0%	$6.0M 0.0%	$6.0M	—	—
Financing Activities Other Financing Activities	$0	—	—	$-2.0M	—	—	—	—	—	$-4.0M
Financing Activities net Cash From Financing Activities	$-431.0M 79.1%	$-2.1B -79.9%	$-1.1B 64.9%	$-3.3B -272.2%	$1.9B 31483.3%	$6.0M -86.0%	$43.0M 53.6%	$28.0M 184.8%	$-33.0M -127.0%	$122.0M
Cash Reconciliation net Change In Cash	$1.7B 1530.3%	$-122.0M 86.5%	$-902.0M -139.2%	$2.3B 144.7%	$940.0M 652.0%	$125.0M -67.7%	$387.0M 458.3%	$-108.0M -44.0%	$-75.0M -115.6%	$480.0M
Cash Reconciliation Cash At Beginning of Period	$5.5B 46.3%	$3.8B -3.7%	$3.9B -18.7%	$4.8B 90.7%	$2.5B 58.9%	$1.6B 8.8%	$1.5B 36.0%	$1.1B -9.0%	$1.2B -6.4%	$1.3B
Cash Reconciliation Cash At End of Period	$5.5B 46.3%	$3.8B -3.7%	$3.9B -18.7%	$4.8B 90.7%	$2.5B 58.9%	$1.6B 8.8%	$1.5B 36.0%	$1.1B -9.0%	$1.2B -6.4%	$1.3B

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%	+48.2%	+44.5%	+42.6%	+37.8%	+34.0%	+23.2%
Operating margin	+10.7%	+7.4%	+1.8%	+5.4%	+22.2%	+14.0%	+9.4%	+7.0%	+2.4%	-8.6%
Net margin	+12.5%	+6.4%	+3.8%	+5.6%	+19.2%	+25.5%	+5.1%	+5.2%	-0.6%	-11.5%
FCF margin	+19.4%	+9.3%	+4.9%	+13.2%	+19.6%	+8.0%	+4.1%	-2.0%	-1.9%	+0.1%
Growth
Revenue CAGR (3y)	+13.6%	+16.2%	+32.4%	+51.9%	+36.4%	+22.9%	+15.9%	—	—	-6.6%
Returns
ROE	+6.9%	+2.9%	+1.5%	+2.4%	+42.2%	+42.7%	+12.1%	+26.6%	-5.5%	-119.7%
ROA	+5.6%	+2.4%	+1.3%	+2.0%	+25.5%	+27.8%	+5.7%	+7.4%	-0.9%	-15.0%
ROIC	+6.1%	+2.8%	+0.7%	+2.4%	+63.2%	+29.9%	+31.3%	+34.6%	+17.3%	-63.5%
Liquidity
Current ratio	2.85x	2.62x	2.51x	2.36x	2.02x	2.54x	1.95x	1.78x	1.74x	1.88x
Quick ratio	1.25x	1.37x	1.23x	1.41x	1.24x	1.51x	1.41x	1.17x	1.08x	1.17x
Leverage
D/E	0.15x	0.20x	0.21x	0.12x	0.66x	0.54x	1.13x	2.60x	4.96x	3.24x
Interest coverage	28.20x	20.65x	3.78x	14.36x	107.29x	29.13x	6.71x	3.73x	1.01x	-2.39x
Efficiency
Asset turnover	0.45x	0.37x	0.33x	0.35x	1.32x	1.09x	1.12x	1.42x	1.48x	1.30x
Cash conversion cycle	+171d	+192d	+138d	+100d	+87d	+140d	+100d	+71d	+64d	+61d

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

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