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

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	$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	—	—
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 208.8%	$400.0M 28.6%	$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 14.3%	$739.0M -1.6%	$751.0M
Prepaid Expenses	$2.2B 8.5%	$2.0B -13.9%	$2.3B 82.8%	$1.3B 305.4%	$312.0M -17.5%	$378.0M 62.2%	$233.0M -23.4%	$304.0M 176.4%	$110.0M 15.8%	$95.0M
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 35.0%	$2.6B 3.6%	$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	—	—	—	—	—
Deferred Tax Assets	$384.0M -44.2%	$688.0M 88.0%	$366.0M 531.0%	$58.0M -93.8%	$931.0M -25.2%	$1.2B 5559.1%	$22.0M	—	—	—
Other Noncurrent Assets	$5.5B 39.2%	$3.9B 39.7%	$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 28.7%	$3.5B 6.6%	$3.3B
Liabilities
Accounts Payable	$2.9B 18.8%	$2.5B 2.0%	$2.4B -18.2%	$3.0B 110.2%	$1.4B 157.5%	$546.0M -54.5%	$1.2B 15.4%	$1.0B 30.8%	$796.0M -3.3%	$823.0M
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 44.7%	$541.0M 38.4%	$391.0M
Current Portion of Long Term Debt	$874.0M	$0 -100.0%	$751.0M	$0 -100.0%	$312.0M	$0	—	$136.0M 94.3%	$70.0M	$0
Other Current Liabilities	$402.0M -27.6%	$555.0M 26.7%	$438.0M 30.4%	$336.0M 242.9%	$98.0M 30.7%	$75.0M 1.4%	$74.0M 208.3%	$24.0M -57.9%	$57.0M -17.4%	$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 33.5%	$1.5B 10.4%	$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	—	—	—
Deferred Tax Liabilities	$313.0M -10.3%	$349.0M -71.0%	$1.2B -37.8%	$1.9B 16016.7%	$12.0M	—	—	—	—	—
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
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 4.2%	$-7.8B 0.6%	$-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 107.2%	$611.0M 46.9%	$416.0M
Total Liabilitiesand Equity	$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 28.7%	$3.5B 6.6%	$3.3B

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	$34.6B 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 21.5%	$5.3B 24.7%	$4.3B
Expenses Cost of Revenue	$17.5B 33.9%	$13.1B 6.9%	$12.2B -6.0%	$13.0B -23.6%	$17.0B 57.0%	$10.8B 180.4%	$3.9B -4.1%	$4.0B 14.9%	$3.5B 7.1%	$3.3B
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 34.2%	$1.8B 82.7%	$998.0M
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 23.6%	$1.2B 15.1%	$1.0B
Expenses Selling,General and Administrative	$4.1B 51.5%	$2.7B 18.0%	$2.3B -0.8%	$2.3B 61.3%	$1.4B 45.5%	$995.0M 32.7%	$750.0M 33.5%	$562.0M 10.0%	$511.0M 11.1%	$460.0M
Expenses Depreciation and Amortization	$1.2B -15.5%	$1.4B -22.5%	$1.9B -11.0%	$2.1B	$0	$0	—	—	$0	$0
Expenses Restructuring and Asset Impairment	$0 -100.0%	$186.0M	$0	$0	—	—	—	—	—	—
Expenses Operating Expenses	$13.5B 24.3%	$10.8B 7.6%	$10.1B	—	—	—	—	—	—	—
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 121.1%	$204.0M 154.8%	$-372.0M
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	$4.1B 108.1%	$2.0B 304.3%	$492.0M -58.4%	$1.2B -67.7%	$3.7B 187.8%	$1.3B 242.7%	$372.0M 12.7%	$330.0M 378.3%	$69.0M 115.4%	$-448.0M
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 -147.4%	$19.0M -51.3%	$39.0M
net Income Other Items Below Tax	$92.0M 178.8%	$33.0M 106.3%	$16.0M 14.3%	$14.0M 133.3%	$6.0M 20.0%	$5.0M	$0 100.0%	$-2.0M 71.4%	$-7.0M 30.0%	$-10.0M
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 683.7%	$43.0M 108.7%	$-497.0M
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 501.9%	$54.0M 110.9%	$-494.0M
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%	$0 750.0%	$0 106.7%	$-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%	$0 700.0%	$0 106.7%	$-1
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 2.4%	$1.0B 24.4%	$835.0M

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	$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 683.7%	$43.0M 108.7%	$-497.0M
Operating Activities Depreciation and Amortization	$3.0B -2.0%	$3.1B -11.3%	$3.5B -19.0%	$4.3B 820.5%	$463.0M 30.8%	$354.0M 37.2%	$258.0M 51.8%	$170.0M 18.1%	$144.0M 8.3%	$133.0M
Operating Activities Stock 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
Operating Activities Deferred Income Taxes	$248.0M 121.3%	$-1.2B -14.1%	$-1.0B 32.3%	$-1.5B -588.6%	$308.0M 125.2%	$-1.2B -17371.4%	$-7.0M -75.0%	$-4.0M	$0 -100.0%	$11.0M
Operating Activities Changes In Operating Assets and Liabilities	$-2.4B -13.3%	$-2.1B 31.2%	$-3.0B -65.2%	$-1.8B -122.4%	$-830.0M 11.0%	$-933.0M -71.8%	$-543.0M 25.3%	$-727.0M -175.4%	$-264.0M -246.7%	$180.0M
Operating Activities Other Non Cash Items	$862.0M 353.7%	$190.0M 331.8%	$44.0M -82.6%	$253.0M 548.7%	$39.0M -64.2%	$109.0M -55.9%	$247.0M 104.1%	$121.0M 152.1%	$48.0M -72.9%	$177.0M
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 -50.0%	$68.0M -24.4%	$90.0M
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 Business Acquisitions	$-1.8B -164.7%	$-665.0M -407.6%	$-131.0M -115.9%	$822.0M	$0	—	—	—	—	—
Investing Activities Purchases of Investments	$-6.0B -225.6%	$-1.8B 50.9%	$-3.7B -39.7%	$-2.7B -30.0%	$-2.1B -141.9%	$-850.0M -199.3%	$-284.0M -130.9%	$-123.0M 44.6%	$-222.0M	$0
Investing Activities Proceeds From Sale of Investments	$1.8B -9.2%	$2.0B -32.0%	$3.0B -30.7%	$4.3B 156.9%	$1.7B 774.0%	$192.0M -40.9%	$325.0M 622.2%	$45.0M -79.7%	$222.0M	$0
Investing Activities Other Investing Activities	$1.4B 68500.0%	$2.0M	$0 100.0%	$-11.0M -57.1%	$-7.0M	$0 -100.0%	$27.0M -62.0%	$71.0M 7200.0%	$-1.0M -100.3%	$344.0M
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 -49.1%	$-114.0M -142.7%	$267.0M
Financing Activities Proceeds From Debt	$2.4B	$0	$0 -100.0%	$991.0M	$0 -100.0%	$200.0M	$0	$0 -100.0%	$70.0M -87.3%	$552.0M
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 62.7%	$-110.0M 90.1%	$-1.1B
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 -83.7%	$523.0M 647.1%	$70.0M 250.0%	$20.0M -97.1%	$687.0M
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	$-284.0M -28300.0%	$-1.0M 50.0%	$-2.0M 0.0%	$-2.0M	$0 -100.0%	$1.0M 200.0%	$-1.0M -120.0%	$5.0M 138.5%	$-13.0M -225.0%	$-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 -36.7%	$-79.0M -116.5%	$479.0M

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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