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

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

28 accounts · 10 years

Total assets $76.9B

Total liabilities ~$13.9B

Shareholders equity $63.0B

Account	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash and Cash Equivalents	+46.3%	-3.7%	-18.7%	+90.7%	+58.9%	+8.8%	+36.0%	-9.0%	-6.2%	—
Short Term Investments	+272.7%	-26.9%	+80.4%	-4.9%	+54.4%	+1778.4%	-52.6%	—	—	—
Accounts Receivable	+2.0%	+43.2%	+4.8%	+52.5%	+31.0%	+11.1%	+50.5%	+208.8%	+28.6%	—
Inventory	+38.1%	+31.8%	+15.4%	+92.9%	+39.7%	+42.5%	+16.2%	+14.3%	-1.6%	—
Prepaid Expenses	+8.5%	-13.9%	+82.8%	+305.4%	-17.5%	+62.2%	-23.4%	+176.4%	+15.8%	—
Total Current Assets	+41.5%	+13.6%	+11.6%	+75.0%	+39.7%	+33.6%	+29.9%	+35.0%	+3.6%	—
Property,Plant and Equipment	+28.3%	+13.4%	+5.0%	+115.5%	+9.5%	+28.2%	+43.7%	+33.3%	+59.1%	—
Goodwill	+1.2%	+2.4%	+0.4%	+8265.7%	+0.0%	+0.0%	+0.0%	+0.0%	+0.0%	—
Intangible Assets	-11.8%	-11.4%	-11.4%	—	—	—	—	—	—	—
Deferred Tax Assets	-44.2%	+88.0%	+531.0%	-93.8%	-25.2%	+5559.1%	—	—	—	—
Other Noncurrent Assets	+39.2%	+39.7%	+30.3%	+45.6%	+296.2%	+4.5%	+11.2%	+3.5%	+11.1%	—
Total Assets	+11.1%	+2.0%	+0.5%	+444.2%	+38.6%	+48.7%	+32.3%	+28.7%	+6.6%	—
Liabilities
Accounts Payable	+18.8%	+2.0%	-18.2%	+110.2%	+157.5%	-54.5%	+15.4%	+30.8%	-3.3%	—
Accrued Liabilities	+23.2%	+38.2%	+0.2%	+26.9%	+35.0%	+65.7%	+38.4%	+44.7%	+38.4%	—
Current Portion of Long Term Debt	—	-100.0%	—	-100.0%	—	—	—	+94.3%	—	—
Other Current Liabilities	-27.6%	+26.7%	+30.4%	+242.9%	+30.7%	+1.4%	+208.3%	-57.9%	-17.4%	—
Total Current Liabilities	+29.9%	+8.9%	+5.0%	+50.2%	+75.4%	+2.5%	+18.9%	+33.5%	+10.4%	—
Long Term Debt	+36.4%	+0.2%	-30.4%	+246600.0%	-99.7%	-32.1%	-56.4%	-15.9%	-7.7%	—
Operating Lease Liabilities Noncurrent	+27.3%	-8.2%	+35.1%	+13.8%	+73.1%	+1.0%	—	—	—	—
Deferred Tax Liabilities	-10.3%	-71.0%	-37.8%	+16016.7%	—	—	—	—	—	—
Other Noncurrent Liabilities	-34.7%	-1.8%	+11.2%	+418.4%	+81.4%	+12.7%	-18.2%	+62.7%	-4.8%	—
Equity
Common Stock	+0.0%	+0.0%	+6.2%	+33.3%	+0.0%	+0.0%	+20.0%	+11.1%	+0.0%	—
Additional Paid In Capital	+3.3%	+2.8%	+2.9%	+424.0%	+5.0%	+5.8%	+13.9%	+3.4%	+1.6%	—
Retained Earnings	+183.4%	+227.0%	+651.9%	+91.0%	+68.5%	+35.1%	+4.6%	+4.2%	+0.6%	—
Treasury Stock	+15.9%	+35.3%	+45.7%	+45.5%	+1526.0%	+147.2%	+6.0%	-53.7%	-9.2%	—
Accumulated Other Comprehensive Income	+95.7%	-590.0%	+75.6%	-1266.7%	-117.6%	—	+100.0%	-233.3%	+220.0%	—
Total Stockholders Equity	+9.4%	+3.0%	+2.1%	+630.3%	+28.4%	+106.5%	+123.3%	+107.2%	+46.9%	—
Total Liabilitiesand Equity	+11.1%	+2.0%	+0.5%	+444.2%	+38.6%	+48.7%	+32.3%	+28.7%	+6.6%	—

Income Statement

Revenue, expense, and profitability

19 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	+34.3%	+13.7%	-3.9%	+43.6%	+68.3%	+45.0%	+4.0%	+21.5%	+24.7%	—
Expenses Cost of Revenue	+33.9%	+6.9%	-6.0%	-23.6%	+57.0%	+180.4%	-4.1%	+14.9%	+7.1%	—
Other Income Expense Gross Profit	+34.8%	+21.7%	-1.3%	+33.7%	+82.4%	+51.6%	+17.2%	+34.2%	+82.7%	—
Expenses Research and Development	+25.3%	+9.9%	+17.3%	+75.9%	+43.5%	+28.2%	+7.9%	+23.6%	+15.1%	—
Expenses Selling,General and Administrative	+51.5%	+18.0%	-0.8%	+61.3%	+45.5%	+32.7%	+33.5%	+10.0%	+11.1%	—
Expenses Depreciation and Amortization	-15.5%	-22.5%	-11.0%	—	—	—	—	—	—	—
Expenses Restructuring and Asset Impairment	-100.0%	—	—	—	—	—	—	—	—	—
Expenses Operating Expenses	+24.3%	+7.6%	—	—	—	—	—	—	—	—
Other Income Expense Operating Income	+94.4%	+373.8%	-68.3%	-65.4%	+166.5%	+117.0%	+39.9%	+121.1%	+154.8%	—
Other Income Expense Interest Expense	+42.4%	-13.2%	+20.5%	+158.8%	-27.7%	-50.0%	-22.3%	-4.0%	-19.2%	—
Other Income Expense Other Income/expense	+218.8%	-8.1%	+2362.5%	-85.5%	+217.0%	+71.5%	—	+100.0%	-111.2%	—
Other Income Expense Income Before Tax	+108.1%	+304.3%	-58.4%	-67.7%	+187.8%	+242.7%	+12.7%	+378.3%	+115.4%	—
Income Tax Income Tax Expense	-127.0%	+210.1%	-183.6%	-123.8%	+142.4%	-4003.2%	+444.4%	-147.4%	-51.3%	—
net Income Other Items Below Tax	+178.8%	+106.2%	+14.3%	+133.3%	+20.0%	—	+100.0%	+71.4%	+30.0%	—
net Income net Income	+164.2%	+92.2%	-35.3%	-58.3%	+27.0%	+630.2%	+1.2%	+683.7%	+108.7%	—
net Income Comprehensive Income	+178.2%	+78.8%	-31.0%	-59.2%	+25.3%	+618.3%	+7.4%	+501.9%	+110.9%	—
Earnings Per Share Basic Eps	+164.4%	+90.6%	-37.6%	-67.4%	+24.3%	+577.4%	-8.8%	+750.0%	+106.7%	—
Earnings Per Share Diluted Eps	+165.0%	+88.7%	-36.9%	-67.3%	+24.8%	+586.7%	-6.3%	+700.0%	+106.7%	—
Earnings Per Share Weighted Average Shares Diluted	-0.1%	+0.7%	+3.4%	+27.8%	+1.8%	+7.8%	+5.3%	+2.4%	+24.4%	—

Cash Flow Statement

Operating, investing, and financing flows

21 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	+164.2%	+92.2%	-35.3%	-58.3%	+27.0%	+630.2%	+1.2%	+683.7%	+108.7%	—
Operating Activities Depreciation and Amortization	-2.0%	-11.3%	-19.0%	+820.5%	+30.8%	+37.2%	+51.8%	+18.1%	+8.3%	—
Operating Activities Stock Based Compensation	+16.4%	+1.7%	+28.0%	+185.2%	+38.3%	+39.1%	+43.8%	+41.2%	+12.8%	—
Operating Activities Deferred Income Taxes	+121.3%	-14.1%	+32.3%	-588.6%	+125.2%	-17371.4%	-75.0%	—	-100.0%	—
Operating Activities Changes In Operating Assets and Liabilities	-13.3%	+31.2%	-65.2%	-122.4%	+11.0%	-71.8%	+25.3%	-175.4%	-246.7%	—
Operating Activities Other Non Cash Items	+353.7%	+331.8%	-82.6%	+548.7%	-64.2%	-55.9%	+104.1%	+152.1%	-72.9%	—
Operating Activities net Cash From Operating Activities	+153.5%	+82.4%	-53.2%	+1.2%	+228.8%	+117.2%	+1350.0%	-50.0%	-24.4%	—
Investing Activities Capital Expenditures	-53.1%	-16.5%	-21.3%	-49.5%	-2.4%	-35.5%	-33.1%	-44.2%	-46.8%	—
Investing Activities Business Acquisitions	-164.7%	-407.6%	-115.9%	—	—	—	—	—	—	—
Investing Activities Purchases of Investments	-225.6%	+50.9%	-39.7%	-30.0%	-141.9%	-199.3%	-130.9%	+44.6%	—	—
Investing Activities Proceeds From Sale of Investments	-9.2%	-32.0%	-30.7%	+156.9%	+774.0%	-40.9%	+622.2%	-79.7%	—	—
Investing Activities Other Investing Activities	+68500.0%	—	+100.0%	-57.1%	—	-100.0%	-62.0%	+7200.0%	-100.3%	—
Investing Activities net Cash From Investing Activities	-402.5%	+22.6%	-171.2%	+191.4%	+172.1%	-538.9%	+12.4%	-49.1%	-142.7%	—
Financing Activities Proceeds From Debt	—	—	-100.0%	—	-100.0%	—	—	-100.0%	-87.3%	—
Financing Activities Repayment of Debt	-26.7%	—	+100.0%	—	+100.0%	+57.7%	-1053.7%	+62.7%	+90.1%	—
Financing Activities Repurchase of Common Stock	-52.7%	+12.5%	+73.4%	-110.1%	—	—	—	—	—	—
Financing Activities Proceeds From Stock Issuance	+2.2%	+4.1%	+60.5%	+60.6%	+22.4%	-83.7%	+647.1%	+250.0%	-97.1%	—
Financing Activities Tax Withholding On Stock Based Compensation	+16.6%	-70.5%	-5.2%	-71.3%	-203.8%	-1200.0%	+0.0%	—	—	—
Financing Activities Other Financing Activities	-28300.0%	+50.0%	+0.0%	—	-100.0%	+200.0%	-120.0%	+138.5%	-225.0%	—
Financing Activities net Cash From Financing Activities	+79.1%	-79.9%	+64.9%	-272.2%	+31483.3%	-86.0%	+53.6%	+184.8%	-127.0%	—
Cash Reconciliation net Change In Cash	+1530.3%	+86.5%	-139.2%	+144.7%	+652.0%	-67.7%	+458.3%	-36.7%	-116.5%	—

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%	-3.5%	-10.9%	+42.6%	+37.8%	+34.2%	+23.4%
Operating margin	+10.7%	+7.4%	+1.8%	+5.4%	+22.2%	+14.0%	+9.4%	+7.0%	+3.8%	-8.7%
Net margin	+12.5%	+6.4%	+3.8%	+5.6%	+19.2%	+25.5%	+5.1%	+5.2%	+0.8%	-11.6%
FCF margin	+19.4%	+9.3%	+4.9%	+13.2%	+19.6%	+8.0%	+4.1%	-2.0%	-0.8%	+0.3%
Growth
Revenue CAGR (3y)	+13.6%	+16.2%	+32.4%	+51.9%	+36.4%	+22.4%	+16.4%	+17.5%	-1.1%	-6.9%
Returns
ROE	+6.9%	+2.9%	+1.5%	+2.4%	+42.2%	+42.7%	+12.1%	+26.6%	+7.0%	-119.5%
ROA	+5.6%	+2.4%	+1.3%	+2.0%	+25.5%	+27.8%	+5.7%	+7.4%	+1.2%	-15.0%
ROIC	+6.1%	+2.8%	+0.7%	+2.4%	+59.5%	+29.9%	+31.3%	+31.4%	+18.0%	-63.4%
Liquidity
Current ratio	2.85x	2.62x	2.51x	2.36x	2.02x	2.54x	1.95x	1.78x	1.76x	1.88x
Quick ratio	1.25x	1.37x	1.23x	1.41x	1.24x	1.51x	1.41x	1.17x	1.07x	1.17x
Leverage
D/E	0.22x	0.20x	0.21x	0.23x	0.66x	0.54x	1.13x	2.60x	4.79x	6.98x
Interest coverage	28.20x	20.65x	3.78x	14.36x	107.29x	29.13x	6.71x	3.73x	1.62x	-2.38x
Efficiency
Asset turnover	0.45x	0.37x	0.33x	0.35x	1.32x	1.09x	1.12x	1.42x	1.51x	1.29x
Cash conversion cycle	+171d	+179d	+127d	+87d	+72d	+106d	+80d	+52d	+21d	+19d

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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