NASDAQ : AMD
Advanced Micro Devices, Inc. — Financial statements
Technology · Semiconductors · United States
Last price 504.8 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 824.07B
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Financial statements
Advanced Micro Devices, Inc. (AMD) reported revenue of 41.30B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 41.30B | 34.64B | 25.79B | 22.68B | 23.60B | 16.43B |
| Cost of Revenue | 18.29B | 16.46B | 12.11B | 11.28B | 11.55B | 8.51B |
| Gross Profit | 23.02B | 18.18B | 13.67B | 11.40B | 12.05B | 7.93B |
| Selling, General & Admin | 4.87B | 4.10B | 2.73B | 2.32B | 2.34B | 1.45B |
| Research & Development | 9.39B | 8.09B | 6.46B | 5.87B | 5.00B | 2.85B |
| Amortization of Goodwill & Intangibles | 2.21B | 2.25B | 2.39B | 2.81B | 3.55B | |
| Other Operating Expenses | -102.00M | -12.00M | ||||
| Operating Expenses | 16.48B | 14.44B | 11.59B | 11.00B | 10.79B | 4.28B |
| Operating Income | 6.54B | 3.74B | 2.09B | 401.00M | 1.26B | 3.65B |
| Interest Expense | -147.00M | -131.00M | -92.00M | -106.00M | -88.00M | -34.00M |
| Interest & Investment Income | 215.00M | 215.00M | 182.00M | 206.00M | 65.00M | 8.00M |
| Earnings From Equity Investments | 23.00M | 26.00M | 33.00M | 16.00M | 14.00M | 6.00M |
| Other Non Operating Income (Expenses) | 109.00M | -4.00M | 1.00M | -10.00M | 5.00M | -2.00M |
| EBT Excluding Unusual Items | 6.74B | 3.85B | 2.21B | 507.00M | 1.26B | 3.63B |
| Merger & Restructuring Charges | -47.00M | -47.00M | -186.00M | |||
| Gain (Loss) on Sale of Investments | 879.00M | 366.00M | -2.00M | 1.00M | -62.00M | 56.00M |
| Other Unusual Items | -7.00M | |||||
| Pretax Income | 7.57B | 4.17B | 2.02B | 508.00M | 1.20B | 3.67B |
| Income Tax Expense | 1.10B | -103.00M | 381.00M | -346.00M | -122.00M | 513.00M |
| Earnings From Continuing Operations | 6.47B | 4.27B | 1.64B | 854.00M | 1.32B | 3.16B |
| Earnings From Discontinued Operations | -35.00M | 66.00M | ||||
| Net Income | 6.43B | 4.33B | 1.64B | 854.00M | 1.32B | 3.16B |
| Net Income to Common | 6.43B | 4.33B | 1.64B | 854.00M | 1.32B | 3.16B |
| Shares Outstanding (Basic) | 1.63B | 1.62B | 1.62B | 1.61B | 1.56B | 1.21B |
| Shares Outstanding (Diluted) | 1.65B | 1.64B | 1.64B | 1.62B | 1.57B | 1.23B |
| EPS (Basic) | 3.95 | 2.67 | 1.01 | 0.53 | 0.85 | 2.61 |
| EPS (Diluted) | 3.90 | 2.65 | 1.00 | 0.53 | 0.84 | 2.57 |
| Free Cash Flow | 8.40B | 6.74B | 2.40B | 1.12B | 3.12B | 3.22B |
| Free Cash Flow Per Share | 5.09 | 4.12 | 1.47 | 0.69 | 1.98 | 2.62 |
| Gross Margin | 55.72% | 52.49% | 53.02% | 50.27% | 51.06% | 48.25% |
| Operating Margin | 15.82% | 10.80% | 8.09% | 1.77% | 5.36% | 22.20% |
| Profit Margin | 15.58% | 12.52% | 6.36% | 3.77% | 5.59% | 19.24% |
| Free Cash Flow Margin | 20.34% | 19.44% | 9.33% | 4.94% | 13.20% | 19.59% |
| EBITDA | 9.56B | 6.75B | 5.15B | 3.85B | 5.44B | 4.05B |
| EBITDA Margin | 23.15% | 19.47% | 19.97% | 16.99% | 23.04% | 24.67% |
| D&A For EBITDA | 3.03B | 3.00B | 3.06B | 3.45B | 4.17B | 407.00M |
| EBIT | 6.54B | 3.74B | 2.09B | 401.00M | 1.26B | 3.65B |
| EBIT Margin | 15.82% | 10.80% | 8.09% | 1.77% | 5.36% | 22.20% |
| Effective Tax Rate | 14.51% | 18.84% | 13.96% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.09B | 5.54B | 3.79B | 3.93B | 4.83B | 2.54B |
| Short-Term Investments | 8.03B | 5.01B | 1.34B | 1.84B | 1.02B | 1.07B |
| Cash & Short-Term Investments | 13.11B | 10.55B | 5.13B | 5.77B | 5.86B | 3.61B |
| Accounts Receivable | 7.28B | 6.32B | 6.19B | 5.38B | 4.13B | 2.71B |
| Other Receivables | 9.00M | 2.00M | 2.00M | |||
| Receivables | 7.28B | 6.32B | 6.19B | 5.38B | 4.13B | 2.71B |
| Inventory | 8.47B | 7.92B | 5.73B | 4.35B | 3.77B | 1.96B |
| Prepaid Expenses | 2.65B | 2.14B | 1.97B | 1.26B | 312.00M | |
| Restricted Cash | 11.00M | 17.00M | 24.00M | |||
| Other Current Assets | 1.26B | |||||
| Total Current Assets | 31.52B | 26.95B | 19.05B | 16.77B | 15.02B | 8.58B |
| Property, Plant & Equipment | 3.44B | 2.31B | 1.80B | 2.22B | 1.97B | 1.07B |
| Long-Term Investments | 3.22B | 400.00M | 25.00M | 100.00M | 100.00M | 69.00M |
| Goodwill | 25.47B | 25.13B | 24.84B | 24.26B | 24.18B | 289.00M |
| Other Intangible Assets | 15.63B | 16.70B | 18.93B | 21.36B | 24.12B | 323.00M |
| Long-Term Deferred Tax Assets | 494.00M | 384.00M | 688.00M | 366.00M | 58.00M | 931.00M |
| Other Long-Term Assets | 4.68B | 5.05B | 3.89B | 2.80B | 2.13B | 1.16B |
| Total Assets | 84.46B | 76.93B | 69.23B | 67.89B | 67.58B | 12.42B |
| Accounts Payable | 5.36B | 2.93B | 2.47B | 2.42B | 2.96B | 1.41B |
| Accrued Expenses | 5.55B | 5.25B | 4.26B | 3.08B | 3.08B | 2.42B |
| Current Portion of Long-Term Debt | 875.00M | 874.00M | 751.00M | 312.00M | ||
| Current Portion of Leases | 159.00M | |||||
| Other Current Liabilities | 301.00M | 243.00M | 555.00M | 438.00M | 336.00M | 98.00M |
| Total Current Liabilities | 12.08B | 9.46B | 7.28B | 6.69B | 6.37B | 4.24B |
| Long-Term Debt | 2.35B | 2.35B | 1.72B | 1.72B | 2.47B | 1.00M |
| Long-Term Leases | 1.05B | 625.00M | 491.00M | 535.00M | 396.00M | 348.00M |
| Long-Term Deferred Tax Liabilities | 300.00M | 313.00M | 349.00M | 1.20B | 1.93B | 12.00M |
| Other Long-Term Liabilities | 1.46B | 1.19B | 1.82B | 1.85B | 1.66B | 321.00M |
| Total Liabilities | 17.24B | 13.93B | 11.66B | 11.99B | 12.83B | 4.92B |
| Common Stock | 16.00M | 17.00M | 17.00M | 17.00M | 16.00M | 12.00M |
| Additional Paid-In Capital | 61.37B | 63.37B | 61.36B | 59.68B | 58.01B | 11.07B |
| Retained Earnings | 5.91B | 6.70B | 2.36B | 723.00M | -131.00M | -1.45B |
| Treasury Stock | -7.08B | -6.11B | -4.51B | -3.10B | -2.13B | |
| Comprehensive Income & Other | -74.00M | -3.00M | -69.00M | -10.00M | -41.00M | -3.00M |
| Shareholders' Equity | 67.22B | 63.00B | 57.57B | 55.89B | 54.75B | 7.50B |
| Total Liabilities & Equity | 84.46B | 76.93B | 69.23B | 67.89B | 67.58B | 12.42B |
| Total Debt | 4.28B | 4.01B | 2.21B | 3.00B | 2.86B | 661.00M |
| Net Cash (Debt) | 8.84B | 6.55B | 2.92B | 2.77B | 2.99B | 2.95B |
| Net Cash Per Share | 5.36 | 4.00 | 1.78 | 1.70 | 1.90 | 2.40 |
| Filing Date Shares Outstanding | 1.63B | 1.63B | 1.62B | 1.62B | 1.61B | 1.20B |
| Total Common Shares Outstanding | 1.63B | 1.63B | 1.62B | 1.62B | 1.61B | 1.21B |
| Working Capital | 19.44B | 17.49B | 11.77B | 10.08B | 8.65B | 4.34B |
| Book Value Per Share | 41.19 | 38.65 | 35.49 | 34.59 | 33.96 | 6.21 |
| Tangible Book Value | 26.12B | 21.17B | 13.80B | 10.27B | 6.46B | 6.88B |
| Tangible Book Value Per Share | 16.00 | 12.99 | 8.51 | 6.35 | 4.00 | 5.70 |
| Land | 1.07B | 967.00M | 853.00M | 821.00M | ||
| Buildings | 714.00M | 206.00M | ||||
| Machinery | 4.13B | 3.45B | 2.80B | 2.35B | 2.16B | 1.53B |
| Construction In Progress | 1.15B | 508.00M | 324.00M | 209.00M | 143.00M | 96.00M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 6.43B | 4.33B | 1.64B | 854.00M | 1.32B | 3.16B |
| Depreciation & Amortization | 3.03B | 3.00B | 3.06B | 3.45B | 4.26B | 463.00M |
| Loss (Gain) From Sale of Assets | 34.00M | |||||
| Loss (Gain) From Sale of Investments | -854.00M | -341.00M | -1.00M | |||
| Loss (Gain) on Equity Investments | -56.00M | |||||
| Stock-Based Compensation | 1.90B | 1.64B | 1.41B | 1.38B | 1.08B | 379.00M |
| Other Operating Activities | 1.34B | 301.00M | -973.00M | -974.00M | -1.25B | 313.00M |
| Change in Accounts Receivable | -2.17B | -121.00M | -1.86B | -1.34B | -278.00M | -640.00M |
| Change in Inventory | -1.79B | -2.19B | -1.46B | -580.00M | -1.40B | -556.00M |
| Change in Accounts Payable | 2.03B | 410.00M | 3.00M | -519.00M | 931.00M | 801.00M |
| Change in Other Net Operating Assets | -442.00M | -478.00M | 1.22B | -611.00M | -1.10B | -379.00M |
| Operating Cash Flow | 10.08B | 7.71B | 3.04B | 1.67B | 3.56B | 3.52B |
| Capital Expenditures | -1.68B | -974.00M | -636.00M | -546.00M | -450.00M | -301.00M |
| Cash Acquisitions | -173.00M | -1.76B | -548.00M | -131.00M | 822.00M | |
| Investment in Securities | -7.55B | -4.13B | 198.00M | -746.00M | 1.64B | -378.00M |
| Other Investing Activities | 1.11B | 1.33B | -115.00M | -11.00M | -7.00M | |
| Investing Cash Flow | -8.29B | -5.53B | -1.10B | -1.42B | 2.00B | -686.00M |
| Long-Term Debt Issued | 2.44B | 991.00M | ||||
| Total Debt Issued | 2.44B | 991.00M | ||||
| Long-Term Debt Repaid | -950.00M | -750.00M | -312.00M | |||
| Total Debt Repaid | -950.00M | -750.00M | -312.00M | |||
| Net Debt Issued (Repaid) | 1.49B | -750.00M | 679.00M | |||
| Issuance of Common Stock | 331.00M | 285.00M | 279.00M | 268.00M | 167.00M | 104.00M |
| Repurchase of Common Stock | -1.18B | -1.92B | -1.59B | -1.41B | -4.11B | -2.00B |
| Other Financing Activities | -292.00M | -284.00M | -1.00M | -2.00M | -2.00M | |
| Financing Cash Flow | -1.14B | -431.00M | -2.06B | -1.15B | -3.26B | -1.90B |
| Net Cash Flow | 644.00M | 1.75B | -122.00M | -902.00M | 2.30B | 940.00M |
| Free Cash Flow | 8.40B | 6.74B | 2.40B | 1.12B | 3.12B | 3.22B |
| Free Cash Flow Margin | 20.34% | 19.44% | 9.33% | 4.94% | 13.20% | 19.59% |
| Free Cash Flow Per Share | 5.09 | 4.12 | 1.47 | 0.69 | 1.98 | 2.62 |
| Levered Free Cash Flow | 8.84B | 4.59B | 3.50B | 2.21B | 3.88B | 3.19B |
| Unlevered Free Cash Flow | 8.93B | 4.67B | 3.56B | 2.28B | 3.94B | 3.21B |
| Cash Interest Paid | 91.00M | 91.00M | 72.00M | 84.00M | 85.00M | 25.00M |
| Cash Income Tax Paid | 901.00M | 884.00M | 1.39B | 523.00M | 685.00M | 35.00M |
| Change in Working Capital | -2.37B | -2.38B | -2.10B | -3.05B | -1.85B | -774.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 824.07B | 350.01B | 203.16B | 238.14B | 104.43B | 176.48B |
| Enterprise Value | 815.24B | 346.64B | 200.85B | 235.22B | 101.73B | 173.57B |
| Last Close Price | 504.80 | 214.99 | 125.19 | 147.41 | 64.77 | 146.14 |
| PE Ratio | 129.55 | 80.74 | 123.80 | 278.85 | 79.11 | 55.81 |
| Forward PE | 45.09 | 38.71 | 27.74 | 44.35 | 20.28 | 46.63 |
| PS Ratio | 19.95 | 10.11 | 7.88 | 10.50 | 4.42 | 10.74 |
| PB Ratio | 12.26 | 5.56 | 3.53 | 4.26 | 1.91 | 23.54 |
| P/TBV Ratio | 31.55 | 16.54 | 14.72 | 23.20 | 16.18 | 25.63 |
| P/FCF Ratio | 98.07 | 51.97 | 84.47 | 212.44 | 33.53 | 54.81 |
| P/OCF Ratio | 81.75 | 45.40 | 66.81 | 142.86 | 29.29 | 50.12 |
| PEG Ratio | 0.69 | 0.94 | 0.67 | 1.39 | 0.77 | 1.47 |
| EV/Sales Ratio | 19.74 | 10.01 | 7.79 | 10.37 | 4.31 | 10.56 |
| EV/EBITDA Ratio | 85.26 | 51.39 | 39.00 | 61.03 | 18.71 | 42.80 |
| EV/EBIT Ratio | 124.75 | 92.66 | 96.29 | 586.58 | 80.48 | 47.58 |
| EV/FCF Ratio | 97.02 | 51.47 | 83.52 | 209.83 | 32.66 | 53.91 |
| Debt / Equity Ratio | 0.06 | 0.06 | 0.04 | 0.05 | 0.05 | 0.09 |
| Debt / EBITDA Ratio | 0.43 | 0.57 | 0.41 | 0.75 | 0.51 | 0.16 |
| Debt / FCF Ratio | 0.51 | 0.59 | 0.92 | 2.68 | 0.92 | 0.20 |
| Net Debt / Equity Ratio | -0.13 | -0.10 | -0.05 | -0.05 | -0.06 | -0.39 |
| Net Debt / EBITDA Ratio | -0.92 | -0.97 | -0.57 | -0.72 | -0.55 | -0.73 |
| Net Debt / FCF Ratio | -1.05 | -0.97 | -1.21 | -2.47 | -0.96 | -0.92 |
| Asset Turnover | 0.52 | 0.47 | 0.38 | 0.34 | 0.59 | 1.54 |
| Inventory Turnover | 2.42 | 2.41 | 2.40 | 2.78 | 4.03 | 5.07 |
| Quick Ratio | 1.69 | 1.78 | 1.55 | 1.67 | 1.57 | 1.49 |
| Current Ratio | 2.61 | 2.85 | 2.62 | 2.51 | 2.36 | 2.02 |
| Return on Equity (ROE) | 10.20% | 7.08% | 2.89% | 1.54% | 4.24% | 47.43% |
| Return on Assets (ROA) | 5.13% | 3.20% | 1.90% | 0.37% | 1.98% | 21.33% |
| Return on Invested Capital (ROIC) | 9.77% | 6.73% | 3.14% | 0.77% | 4.49% | 72.76% |
| Return on Capital Employed (ROCE) | 9.00% | 5.50% | 3.40% | 0.70% | 2.10% | 44.60% |
| Earnings Yield | 0.77% | 1.24% | 0.81% | 0.36% | 1.26% | 1.79% |
| FCF Yield | 1.02% | 1.92% | 1.18% | 0.47% | 2.98% | 1.82% |
| Buyback Yield / Dilution | -1.07% | 0.06% | -0.74% | -3.44% | -27.83% | -1.82% |