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 revenue.

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	16.0%	14.7%	17.3%	20.5%	15.4%
Short Term Investments	14.5%	5.2%	8.1%	4.3%	6.5%
Accounts Receivable	18.2%	24.0%	19.1%	17.5%	16.5%
Inventory	22.9%	22.2%	19.2%	16.0%	11.9%
Prepaid Expenses	6.2%	7.3%	10.2%	5.4%	1.9%
Total Current Assets	77.8%	73.9%	73.9%	63.6%	52.2%
Property,Plant and Equipment	6.7%	7.0%	7.0%	6.4%	4.3%
Goodwill	72.5%	96.3%	107.0%	102.4%	1.8%
Intangible Assets	48.2%	73.4%	94.2%	102.2%	0.0%
Long Term Investments	14.5%	—	—	0.4%	—
Deferred Tax Assets	1.1%	—	—	0.2%	—
Other Noncurrent Assets	15.7%	12.2%	12.4%	9.1%	9.0%
Total Assets	222.1%	268.5%	299.3%	286.3%	75.6%
Liabilities
Accounts Payable	8.5%	7.7%	9.1%	10.6%	8.0%
Accrued Liabilities	15.2%	16.5%	13.6%	13.0%	14.7%
Current Portion of Long Term Debt	2.5%	—	—	0.0%	—
Operating Lease Liabilities	1.8%	0.4%	0.5%	1.7%	0.4%
Other Current Liabilities	1.2%	—	—	1.4%	—
Total Current Liabilities	27.3%	28.2%	29.5%	27.0%	25.8%
Long Term Debt	6.8%	6.7%	7.6%	10.5%	0.0%
Operating Lease Liabilities Noncurrent	1.8%	1.9%	2.4%	1.7%	2.1%
Deferred Tax Liabilities	0.9%	16.2%	17.4%	18.4%	1.2%
Other Noncurrent Liabilities	3.4%	7.0%	8.2%	7.1%	2.0%
Total Liabilities	27.3%	—	—	27.0%	—
Equity
Common Stock	0.0%	0.1%	0.1%	0.1%	0.1%
Additional Paid In Capital	182.9%	238.0%	263.1%	245.8%	67.4%
Retained Earnings	19.3%	9.2%	3.2%	-0.6%	-8.8%
Treasury Stock	20.4%	23.7%	19.9%	13.1%	13.0%
Accumulated Other Comprehensive Income	-0.0%	-0.3%	-0.0%	-0.2%	-0.0%
Total Stockholders Equity	181.9%	223.3%	246.4%	232.0%	45.6%
Total Liabilitiesand Equity	222.1%	—	—	286.3%	—

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	100.0%	100.0%	100.0%	100.0%	100.0%
Expenses Cost of Revenue	50.5%	50.6%	53.9%	55.1%	51.8%
Expenses Research and Development	23.4%	25.0%	25.9%	21.2%	17.3%
Expenses Selling,General and Administrative	12.0%	10.8%	10.4%	9.9%	8.8%
Expenses Depreciation and Amortization	1.5%	1.8%	1.9%	1.9%	1.8%
Expenses Share Based Compensation	4.7%	5.5%	6.1%	4.6%	2.3%
Expenses Restructuring and Asset Impairment	0.0%	—	—	0.0%	—
Expenses Operating Expenses	38.9%	—	—	—	—
Other Income Expense Gross Profit	49.5%	49.4%	46.1%	44.9%	48.2%
Other Income Expense Operating Income	10.7%	7.4%	1.8%	5.4%	22.2%
Other Income Expense Interest Expense	0.4%	0.4%	0.5%	0.4%	0.2%
Other Income Expense Other Income/expense	1.7%	0.7%	0.9%	0.0%	0.3%
Other Income Expense Income Before Tax	12.0%	7.8%	2.2%	5.1%	22.4%
Income Tax Income Tax Expense	-0.3%	1.5%	-1.5%	-0.5%	3.1%
net Income net Income	12.5%	6.4%	3.8%	5.6%	19.2%
net Income Comprehensive Income	12.7%	6.1%	3.9%	5.4%	19.1%
Earnings Per Share Basic Eps	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%
Earnings Per Share Weighted Average Shares Basic	4.7%	6.3%	7.1%	6.6%	7.4%
Earnings Per Share Weighted Average Shares Diluted	4.7%	6.3%	7.2%	6.7%	7.5%

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	12.5%	6.4%	3.8%	5.6%	19.2%
Operating Activities Depreciation and Amortization	6.6%	9.3%	12.3%	1.9%	1.8%
Operating Activities Stock Based Compensation	4.7%	—	—	4.6%	—
Operating Activities Deferred Income Taxes	0.7%	-4.5%	-4.5%	-6.4%	-1.9%
Operating Activities Changes In Operating Assets and Liabilities	7.9%	11.1%	8.3%	19.6%	17.7%
Operating Activities net Cash From Operating Activities	22.3%	11.8%	7.4%	15.1%	21.4%
Investing Activities Capital Expenditures	2.8%	2.5%	2.4%	1.9%	1.8%
Investing Activities Purchases of Investments	0.0%	—	—	0.0%	—
Investing Activities Other Investing Activities	-0.0%	—	—	0.0%	—
Investing Activities net Cash From Investing Activities	-16.0%	-4.3%	-6.3%	8.5%	4.2%
Financing Activities Repayment of Debt	2.7%	2.9%	0.0%	1.3%	0.0%
Financing Activities Repurchase of Common Stock	3.8%	3.3%	4.3%	15.7%	10.7%
Financing Activities Proceeds From Stock Issuance	0.8%	1.1%	1.2%	0.7%	0.6%
Financing Activities Tax Withholding On Stock Based Compensation	1.8%	2.8%	1.9%	1.7%	1.4%
Financing Activities Other Financing Activities	0.0%	—	—	-0.0%	—
Financing Activities net Cash From Financing Activities	-1.2%	-8.0%	-5.1%	-13.8%	11.5%
Cash Reconciliation net Change In Cash	5.0%	-0.5%	-4.0%	9.7%	5.7%
Cash Reconciliation Cash At Beginning of Period	16.0%	14.7%	17.3%	20.5%	15.4%
Cash Reconciliation Cash At End of Period	16.0%	14.7%	17.3%	20.5%	15.4%

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

Your annotations

Not watched