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 · 5 years

Total assets $76.9B

Total liabilities $9.5B

Shareholders equity $63.0B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	$5.5B 46.3%	$3.8B -3.7%	$3.9B -18.7%	$4.8B 90.7%	$2.5B
Short Term Investments	$5.0B 272.7%	$1.3B -26.9%	$1.8B 80.4%	$1.0B -4.9%	$1.1B
Accounts Receivable	$6.3B 2.0%	$6.2B 43.2%	$4.3B 4.8%	$4.1B 52.5%	$2.7B
Inventory	$7.9B 38.1%	$5.7B 31.8%	$4.4B 15.4%	$3.8B 92.9%	$2.0B
Prepaid Expenses	$2.2B 15.0%	$1.9B -18.8%	$2.3B 82.8%	$1.3B 305.4%	$312.0M
Total Current Assets	$26.9B 41.5%	$19.0B 13.6%	$16.8B 11.6%	$15.0B 75.0%	$8.6B
Property,Plant and Equipment	$2.3B 28.3%	$1.8B 13.4%	$1.6B 5.0%	$1.5B 115.5%	$702.0M
Goodwill	$25.1B 1.2%	$24.8B 2.4%	$24.3B 0.4%	$24.2B 8265.7%	$289.0M
Intangible Assets	$16.7B -11.8%	$18.9B -11.4%	$21.4B -11.4%	$24.1B	$0
Long Term Investments	$5.0B	—	—	$83.0M	—
Deferred Tax Assets	$384.0M	—	—	$58.0M	—
Other Noncurrent Assets	$5.5B 73.3%	$3.1B 12.2%	$2.8B 30.3%	$2.2B 45.6%	$1.5B
Total Assets	$76.9B 11.1%	$69.2B 2.0%	$67.9B 0.5%	$67.6B 444.2%	$12.4B
Liabilities
Accounts Payable	$2.9B 47.2%	$2.0B -3.2%	$2.1B -17.6%	$2.5B 88.7%	$1.3B
Accrued Liabilities	$5.2B 23.2%	$4.3B 38.2%	$3.1B 0.2%	$3.1B 26.9%	$2.4B
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
Other Current Liabilities	$402.0M	—	—	$336.0M	—
Total Current Liabilities	$9.5B 29.9%	$7.3B 8.9%	$6.7B 5.0%	$6.4B 50.2%	$4.2B
Long Term Debt	$2.3B 36.4%	$1.7B 0.2%	$1.7B -30.4%	$2.5B 246600.0%	$1.0M
Operating Lease Liabilities Noncurrent	$625.0M 27.3%	$491.0M -8.2%	$535.0M 35.1%	$396.0M 13.8%	$348.0M
Deferred Tax Liabilities	$313.0M -92.5%	$4.2B 5.9%	$3.9B -9.3%	$4.3B 2081.4%	$199.0M
Other Noncurrent Liabilities	$1.2B -34.7%	$1.8B -1.8%	$1.9B 11.2%	$1.7B 418.4%	$321.0M
Total Liabilities	$9.5B	—	—	$6.4B	—
Equity
Common Stock	$17.0M 0.0%	$17.0M 0.0%	$17.0M 6.3%	$16.0M 33.3%	$12.0M
Additional Paid In Capital	$63.4B 3.3%	$61.4B 2.8%	$59.7B 2.9%	$58.0B 424.0%	$11.1B
Retained Earnings	$6.7B 183.4%	$2.4B 227.0%	$723.0M 651.9%	$-131.0M 91.0%	$-1.5B
Treasury Stock	$7.1B 15.9%	$6.1B 35.3%	$4.5B 45.7%	$3.1B 45.5%	$2.1B
Accumulated Other Comprehensive Income	$-3.0M 95.7%	$-69.0M -590.0%	$-10.0M 75.6%	$-41.0M -1266.7%	$-3.0M
Total Stockholders Equity	$63.0B 9.4%	$57.6B 3.0%	$55.9B 2.1%	$54.8B 630.3%	$7.5B
Total Liabilitiesand Equity	$76.9B	—	—	$67.6B	—

Income Statement

Revenue, expense, and profitability

20 accounts · 5 years

Revenue $34.6B

Operating income $3.7B

Net income $4.3B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	$34.6B 34.3%	$25.8B 13.7%	$22.7B -3.9%	$23.6B 43.6%	$16.4B
Expenses Cost of Revenue	$17.5B 33.9%	$13.1B 6.9%	$12.2B -6.0%	$13.0B 52.8%	$8.5B
Expenses Research and Development	$8.1B 25.3%	$6.5B 9.9%	$5.9B 17.3%	$5.0B 75.9%	$2.8B
Expenses Selling,General and Administrative	$4.1B 48.9%	$2.8B 18.3%	$2.4B 0.7%	$2.3B 61.3%	$1.4B
Expenses Depreciation and Amortization	$521.0M 14.8%	$454.0M 2.9%	$441.0M 0.5%	$439.0M 48.3%	$296.0M
Expenses Share Based Compensation	$1.6B 16.4%	$1.4B 1.7%	$1.4B 28.0%	$1.1B 185.2%	$379.0M
Expenses Restructuring and Asset Impairment	$0	—	—	$0	—
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
Other Income Expense Operating Income	$3.7B 94.4%	$1.9B 373.8%	$401.0M -68.3%	$1.3B -65.4%	$3.6B
Other Income Expense Interest Expense	$131.0M 42.4%	$92.0M -13.2%	$106.0M 20.5%	$88.0M 158.8%	$34.0M
Other Income Expense Other Income/expense	$577.0M 218.8%	$181.0M -8.1%	$197.0M 2362.5%	$8.0M -85.5%	$55.0M
Other Income Expense Income Before Tax	$4.2B 106.0%	$2.0B 298.0%	$508.0M -57.6%	$1.2B -67.4%	$3.7B
Income Tax Income Tax Expense	$-103.0M -127.0%	$381.0M 210.1%	$-346.0M -183.6%	$-122.0M -123.8%	$513.0M
net Income net Income	$4.3B 164.2%	$1.6B 92.2%	$854.0M -35.3%	$1.3B -58.3%	$3.2B
net Income Comprehensive Income	$4.4B 178.2%	$1.6B 78.8%	$885.0M -31.0%	$1.3B -59.2%	$3.1B
Earnings Per Share Basic Eps	$3 164.4%	$1 90.6%	$1 -37.6%	$1 -67.4%	$3
Earnings Per Share Diluted Eps	$3 165.0%	$1 88.7%	$1 -36.9%	$1 -67.3%	$3
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
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

Cash Flow Statement

Operating, investing, and financing flows

19 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	$4.3B 164.2%	$1.6B 92.2%	$854.0M -35.3%	$1.3B -58.3%	$3.2B
Operating Activities Depreciation and Amortization	$2.3B -4.2%	$2.4B -14.3%	$2.8B 537.8%	$439.0M 48.3%	$296.0M
Operating Activities Stock Based Compensation	$1.6B	—	—	$1.1B	—
Operating Activities Deferred Income Taxes	$252.0M 121.7%	$-1.2B -14.1%	$-1.0B 32.3%	$-1.5B -388.6%	$-308.0M
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
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
Investing Activities Capital Expenditures	$974.0M 53.1%	$636.0M 16.5%	$546.0M 21.3%	$450.0M 49.5%	$301.0M
Investing Activities Purchases of Investments	$0	—	—	$0	—
Investing Activities Other Investing Activities	$-10.0M	—	—	$11.0M	—
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
Financing Activities Repayment of Debt	$950.0M 26.7%	$750.0M	$0 -100.0%	$312.0M	$0
Financing Activities Repurchase of Common Stock	$1.3B 52.7%	$862.0M -12.5%	$985.0M -73.4%	$3.7B 110.1%	$1.8B
Financing Activities Proceeds From Stock Issuance	$285.0M 2.2%	$279.0M 4.1%	$268.0M 60.5%	$167.0M 60.6%	$104.0M
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
Financing Activities Other Financing Activities	$0	—	—	$-2.0M	—
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
Cash Reconciliation net Change In Cash	$1.7B 1530.3%	$-122.0M 86.5%	$-902.0M -139.2%	$2.3B 144.7%	$940.0M
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
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

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%	+48.2%
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%	+63.2%
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	0.15x	0.20x	0.21x	0.12x	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	+192d	+138d	+100d	+87d

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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