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

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

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	+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%	+172.0%	+46.0%	—
Inventory	+38.1%	+31.8%	+15.4%	+92.9%	+39.7%	+42.5%	+16.2%	+21.8%	-7.6%	—
Prepaid Expenses	+15.0%	-18.8%	+82.8%	+305.4%	-17.5%	+62.2%	-13.7%	+41.4%	+75.2%	—
Total Current Assets	+41.5%	+13.6%	+11.6%	+75.0%	+39.7%	+33.6%	+29.9%	+34.4%	+4.1%	—
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%	—	—	—	—	—	—	—
Long Term Investments	—	—	—	—	—	—	—	—	—	—
Deferred Tax Assets	—	—	—	—	—	—	—	—	—	—
Other Noncurrent Assets	+73.3%	+12.2%	+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%	+28.3%	+7.0%	—
Liabilities
Accounts Payable	+47.2%	-3.2%	-17.6%	+88.7%	+182.3%	-52.6%	+18.5%	+117.2%	-12.7%	—
Accrued Liabilities	+23.2%	+38.2%	+0.2%	+26.9%	+35.0%	+65.7%	+38.4%	+41.1%	+41.9%	—
Current Portion of Long Term Debt	—	—	—	—	—	—	—	—	—	—
Operating Lease Liabilities	+473.4%	+2.8%	-73.2%	+457.7%	+73.2%	-4.7%	—	—	—	—
Other Current Liabilities	—	—	—	—	—	—	—	—	—	—
Total Current Liabilities	+29.9%	+8.9%	+5.0%	+50.2%	+75.4%	+2.5%	+18.9%	+31.1%	+12.4%	—
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	-92.5%	+5.9%	-9.3%	+2081.4%	+5.9%	-2.6%	+10.9%	+3.6%	-4.5%	—
Other Noncurrent Liabilities	-34.7%	-1.8%	+11.2%	+418.4%	+81.4%	+12.7%	-18.2%	+62.7%	-4.8%	—
Total Liabilities	—	—	—	—	—	—	—	—	—	—
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%	+4.4%	+0.4%	—
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%	+112.4%	+43.3%	—
Total Liabilitiesand Equity	—	—	—	—	—	—	—	—	—	—

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	+34.3%	+13.7%	-3.9%	+43.6%	+68.3%	+45.0%	+4.0%	+23.3%	+21.6%	—
Expenses Cost of Revenue	+33.9%	+6.9%	-6.0%	+52.8%	+57.0%	+40.2%	-4.1%	+16.2%	+4.5%	—
Expenses Research and Development	+25.3%	+9.9%	+17.3%	+75.9%	+43.5%	+28.2%	+7.9%	+19.9%	+18.7%	—
Expenses Selling,General and Administrative	+48.9%	+18.3%	+0.7%	+61.3%	+45.5%	+32.7%	+33.5%	+8.9%	+10.7%	—
Expenses Depreciation and Amortization	+14.8%	+2.9%	+0.5%	+48.3%	+36.4%	+52.8%	+51.1%	+22.1%	+8.5%	—
Expenses Share Based Compensation	+16.4%	+1.7%	+28.0%	+185.2%	+38.3%	+39.1%	+43.8%	+41.2%	+12.8%	—
Expenses Restructuring and Asset Impairment	—	—	—	—	—	—	—	—	—	—
Expenses Operating Expenses	—	—	—	—	—	—	—	—	—	—
Other Income Expense Gross Profit	+34.8%	+21.7%	-1.3%	+33.7%	+82.4%	+51.6%	+17.2%	+36.9%	+78.2%	—
Other Income Expense Operating Income	+94.4%	+373.8%	-68.3%	-65.4%	+166.5%	+117.0%	+39.9%	+255.1%	+134.0%	—
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	+106.0%	+298.0%	-57.6%	-67.4%	+187.1%	+244.1%	+13.4%	+2286.7%	+96.7%	—
Income Tax Income Tax Expense	-127.0%	+210.1%	-183.6%	-123.8%	+142.4%	-4003.2%	+444.4%	-150.0%	-53.8%	—
net Income net Income	+164.2%	+92.2%	-35.3%	-58.3%	+27.0%	+630.2%	+1.2%	+1121.2%	+93.4%	—
net Income Comprehensive Income	+178.2%	+78.8%	-31.0%	-59.2%	+25.3%	+618.3%	+7.4%	+1577.3%	+95.6%	—
Earnings Per Share Basic Eps	+164.4%	+90.6%	-37.6%	-67.4%	+24.3%	+577.4%	-8.8%	+1233.3%	+95.0%	—
Earnings Per Share Diluted Eps	+165.0%	+88.7%	-36.9%	-67.3%	+24.8%	+586.7%	-6.3%	+1166.7%	+95.0%	—
Earnings Per Share Weighted Average Shares Basic	+0.2%	+0.4%	+3.4%	+28.7%	+2.4%	+8.5%	+11.1%	+3.2%	+14.0%	—
Earnings Per Share Weighted Average Shares Diluted	-0.1%	+0.7%	+3.4%	+27.8%	+1.8%	+7.8%	+5.3%	+11.8%	+14.0%	—

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	+164.2%	+92.2%	-35.3%	-58.3%	+27.0%	+630.2%	+1.2%	+1121.2%	+93.4%	—
Operating Activities Depreciation and Amortization	-4.2%	-14.3%	+537.8%	+48.3%	+36.4%	+52.8%	+51.1%	—	—	—
Operating Activities Stock Based Compensation	—	—	—	—	—	—	—	—	—	—
Operating Activities Deferred Income Taxes	+121.7%	-14.1%	+32.3%	-388.6%	-125.2%	+17571.4%	-75.0%	+75.0%	-180.0%	—
Operating Activities Changes In Operating Assets and Liabilities	-4.9%	+52.5%	-59.2%	+58.4%	+724.0%	-67.5%	-12.1%	+353.8%	+727.3%	—
Operating Activities net Cash From Operating Activities	+153.5%	+82.4%	-53.2%	+1.2%	+228.8%	+117.2%	+1350.0%	+183.3%	-85.2%	—
Investing Activities Capital Expenditures	+53.1%	+16.5%	+21.3%	+49.5%	+2.4%	+35.5%	+33.1%	+44.2%	+46.8%	—
Investing Activities Purchases of Investments	—	—	—	—	—	—	—	-44.6%	—	—
Investing Activities Other Investing Activities	—	—	—	—	—	—	—	—	—	—
Investing Activities net Cash From Investing Activities	-402.5%	+22.6%	-171.2%	+191.4%	+172.1%	-538.9%	+12.4%	-214.8%	-119.5%	—
Financing Activities Repayment of Debt	+26.7%	—	-100.0%	—	-100.0%	-57.7%	+1053.7%	—	—	—
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%	+14.9%	—	—	-100.0%	—
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	—	—	—	—	—	—	—	—	—	—
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%	-44.0%	-115.6%	—
Cash Reconciliation Cash At Beginning of Period	+46.3%	-3.7%	-18.7%	+90.7%	+58.9%	+8.8%	+36.0%	-9.0%	-6.4%	—
Cash Reconciliation Cash At End of Period	+46.3%	-3.7%	-18.7%	+90.7%	+58.9%	+8.8%	+36.0%	-9.0%	-6.4%	—

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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