This page shows Advanced Micro Devices Inc (AMD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Advanced Micro Devices Inc has an operating margin of 10.7%, meaning the company retains $11 of operating profit per $100 of revenue. This results in a moderate score of 46/100, indicating healthy but not exceptional operating efficiency. This is up from 7.4% the prior year.
Advanced Micro Devices Inc's revenue surged 34.3% year-over-year to $34.6B, reflecting rapid business expansion. This strong growth earns a score of 91/100.
Advanced Micro Devices Inc carries a low D/E ratio of 0.04, meaning only $0.04 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Advanced Micro Devices Inc's current ratio of 2.85 indicates adequate short-term liquidity, earning a score of 54/100. The company can meet its near-term obligations, though with limited headroom.
Advanced Micro Devices Inc converts 19.4% of revenue into free cash flow ($6.7B). This strong cash generation earns a score of 74/100.
Advanced Micro Devices Inc generates a 6.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 26/100. This is up from 2.9% the prior year.
Advanced Micro Devices Inc scores 15.19, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($329.3B) relative to total liabilities ($13.9B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Advanced Micro Devices Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Advanced Micro Devices Inc generates $1.78 in operating cash flow ($7.7B OCF vs $4.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Advanced Micro Devices Inc earns $28.2 in operating income for every $1 of interest expense ($3.7B vs $131.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Advanced Micro Devices Inc generated $34.6B in revenue in fiscal year 2025. This represents an increase of 34.3% from the prior year.
Advanced Micro Devices Inc's EBITDA was $6.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 37.0% from the prior year.
Advanced Micro Devices Inc reported $4.3B in net income in fiscal year 2025. This represents an increase of 164.2% from the prior year.
Advanced Micro Devices Inc earned $2.65 per diluted share (EPS) in fiscal year 2025. This represents an increase of 165.0% from the prior year.
Cash & Balance Sheet
Advanced Micro Devices Inc generated $6.7B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 180.0% from the prior year.
Advanced Micro Devices Inc held $5.5B in cash against $2.3B in long-term debt as of fiscal year 2025.
Advanced Micro Devices Inc had 1.63B shares outstanding in fiscal year 2025. This represents an increase of 0.6% from the prior year.
Margins & Returns
Advanced Micro Devices Inc's gross margin was 49.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.2 percentage points from the prior year.
Advanced Micro Devices Inc's operating margin was 10.7% in fiscal year 2025, reflecting core business profitability. This is up 3.3 percentage points from the prior year.
Advanced Micro Devices Inc's net profit margin was 12.5% in fiscal year 2025, showing the share of revenue converted to profit. This is up 6.1 percentage points from the prior year.
Advanced Micro Devices Inc's ROE was 6.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 4.0 percentage points from the prior year.
Capital Allocation
Advanced Micro Devices Inc invested $8.1B in research and development in fiscal year 2025. This represents an increase of 25.3% from the prior year.
Advanced Micro Devices Inc spent $1.3B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 52.7% from the prior year.
Advanced Micro Devices Inc invested $974.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 53.1% from the prior year.
AMD Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.3B+11.1% | $9.2B+20.3% | $7.7B+3.3% | $7.4B-2.9% | $7.7B+12.3% | $6.8B+16.9% | $5.8B+6.6% | $5.5B |
| Cost of Revenue | $4.7B+5.1% | $4.5B-3.5% | $4.6B+25.0% | $3.7B-2.0% | $3.8B+11.1% | $3.4B+14.4% | $3.0B+2.0% | $2.9B |
| Gross Profit | $5.6B+16.7% | $4.8B+56.3% | $3.1B-18.1% | $3.7B-3.8% | $3.9B+13.5% | $3.4B+19.4% | $2.9B+11.9% | $2.6B |
| R&D Expenses | $2.3B+8.9% | $2.1B+12.9% | $1.9B+9.6% | $1.7B+0.9% | $1.7B+4.6% | $1.6B+3.3% | $1.6B+3.8% | $1.5B |
| SG&A Expenses | $1.2B+12.1% | $1.1B+7.9% | $991.0M+11.9% | $886.0M+13.4% | $781.0M+10.5% | $707.0M+10.5% | $640.0M+5.4% | $607.0M |
| Operating Income | $1.8B+38.0% | $1.3B+1047.8% | -$134.0M-116.6% | $806.0M-7.5% | $871.0M+20.3% | $724.0M+169.1% | $269.0M+647.2% | $36.0M |
| Interest Expense | $36.0M-2.7% | $37.0M-2.6% | $38.0M+90.0% | $20.0M+5.3% | $19.0M-17.4% | $23.0M-8.0% | $25.0M0.0% | $25.0M |
| Income Tax | $455.0M+197.4% | $153.0M+118.3% | -$834.0M-778.0% | $123.0M-70.6% | $419.0M+1651.9% | -$27.0M-165.9% | $41.0M+178.8% | -$52.0M |
| Net Income | $1.5B+21.6% | $1.2B+42.5% | $872.0M+23.0% | $709.0M+47.1% | $482.0M-37.5% | $771.0M+190.9% | $265.0M+115.4% | $123.0M |
| EPS (Diluted) | N/A | $0.75+38.9% | $0.54+22.7% | $0.44 | N/A | $0.47+193.7% | $0.16+128.6% | $0.07 |
AMD Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $76.9B0.0% | $76.9B+2.8% | $74.8B+4.6% | $71.5B+3.4% | $69.2B-0.6% | $69.6B+2.6% | $67.9B0.0% | $67.9B |
| Current Assets | $26.9B-0.2% | $27.0B+10.1% | $24.5B+13.5% | $21.6B+13.4% | $19.0B+1.7% | $18.7B+7.3% | $17.5B+2.2% | $17.1B |
| Cash & Equivalents | $5.5B+15.2% | $4.8B+8.2% | $4.4B-26.6% | $6.0B+59.7% | $3.8B-2.8% | $3.9B-5.3% | $4.1B-1.8% | $4.2B |
| Inventory | $7.9B+8.3% | $7.3B+9.5% | $6.7B+4.1% | $6.4B+11.9% | $5.7B+6.7% | $5.4B+7.7% | $5.0B+7.3% | $4.7B |
| Accounts Receivable | $6.3B+1.8% | $6.2B+21.2% | $5.1B-6.0% | $5.4B-12.1% | $6.2B-14.5% | $7.2B+26.0% | $5.7B+14.1% | $5.0B |
| Goodwill | $25.1B+0.2% | $25.1B0.0% | $25.1B+1.0% | $24.8B0.0% | $24.8B0.0% | $24.8B+2.4% | $24.3B0.0% | $24.3B |
| Total Liabilities | $13.9B-13.5% | $16.1B+6.2% | $15.2B+10.9% | $13.7B+17.2% | $11.7B-7.8% | $12.7B+11.5% | $11.3B-3.0% | $11.7B |
| Current Liabilities | $9.5B-19.2% | $11.7B+18.9% | $9.8B+27.8% | $7.7B+5.8% | $7.3B-2.9% | $7.5B+21.1% | $6.2B-4.3% | $6.5B |
| Long-Term Debt | $2.3B0.0% | $2.3B-27.1% | $3.2B0.0% | $3.2B+86.9% | $1.7B+0.1% | $1.7B+0.1% | $1.7B+0.1% | $1.7B |
| Total Equity | $63.0B+3.6% | $60.8B+1.9% | $59.7B+3.1% | $57.9B+0.5% | $57.6B+1.0% | $57.0B+0.8% | $56.5B+0.6% | $56.2B |
| Retained Earnings | $6.7B+29.1% | $5.2B+31.5% | $3.9B+28.4% | $3.1B+30.0% | $2.4B+25.6% | $1.9B+69.4% | $1.1B+31.3% | $846.0M |
AMD Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.6B+20.4% | $2.2B+7.4% | $2.0B+114.2% | $939.0M-27.7% | $1.3B+106.8% | $628.0M+5.9% | $593.0M+13.8% | $521.0M |
| Capital Expenditures | $222.0M-14.0% | $258.0M-8.5% | $282.0M+33.0% | $212.0M+1.9% | $208.0M+57.6% | $132.0M-14.3% | $154.0M+8.5% | $142.0M |
| Free Cash Flow | $2.4B+25.1% | $1.9B+9.9% | $1.7B+137.8% | $727.0M-33.4% | $1.1B+120.0% | $496.0M+13.0% | $439.0M+15.8% | $379.0M |
| Investing Cash Flow | -$1.5B-15.3% | -$1.3B+41.8% | -$2.3B-543.7% | -$357.0M+70.6% | -$1.2B-779.7% | -$138.0M-135.8% | $386.0M+385.9% | -$135.0M |
| Financing Cash Flow | -$328.0M+27.1% | -$450.0M+65.9% | -$1.3B-179.2% | $1.7B+1074.3% | -$171.0M+75.8% | -$706.0M+33.1% | -$1.1B-718.6% | -$129.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0-100.0% | $89.0M-81.4% | $478.0M-36.2% | $749.0M+192.6% | $256.0M+2.4% | $250.0M-29.0% | $352.0M+8700.0% | $4.0M |
AMD Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.3%+2.6pp | 51.7%+11.9pp | 39.8%-10.4pp | 50.2%-0.5pp | 50.7%+0.6pp | 50.1%+1.1pp | 49.1%+2.3pp | 46.8% |
| Operating Margin | 17.1%+3.3pp | 13.7%+15.5pp | -1.7%-12.6pp | 10.8%-0.5pp | 11.4%+0.7pp | 10.6%+6.0pp | 4.6%+4.0pp | 0.7% |
| Net Margin | 14.7%+1.3pp | 13.4%+2.1pp | 11.3%+1.8pp | 9.5%+3.2pp | 6.3%-5.0pp | 11.3%+6.8pp | 4.5%+2.3pp | 2.3% |
| Return on Equity | 2.4%+0.4pp | 2.0%+0.6pp | 1.5%+0.2pp | 1.2%+0.4pp | 0.8%-0.5pp | 1.4%+0.9pp | 0.5%+0.3pp | 0.2% |
| Return on Assets | 2.0%+0.3pp | 1.6%+0.4pp | 1.2%+0.2pp | 1.0%+0.3pp | 0.7%-0.4pp | 1.1%+0.7pp | 0.4%+0.2pp | 0.2% |
| Current Ratio | 2.85+0.5 | 2.31-0.2 | 2.49-0.3 | 2.80+0.2 | 2.62+0.1 | 2.50-0.3 | 2.82+0.2 | 2.64 |
| Debt-to-Equity | 0.040.0 | 0.04-0.0 | 0.050.0 | 0.06+0.0 | 0.030.0 | 0.030.0 | 0.030.0 | 0.03 |
| FCF Margin | 23.2%+2.6pp | 20.6%-1.9pp | 22.5%+12.7pp | 9.8%-4.5pp | 14.2%+7.0pp | 7.3%-0.3pp | 7.5%+0.6pp | 6.9% |
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Frequently Asked Questions
What is Advanced Micro Devices Inc's annual revenue?
Advanced Micro Devices Inc (AMD) reported $34.6B in total revenue for fiscal year 2025. This represents a 34.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Advanced Micro Devices Inc's revenue growing?
Advanced Micro Devices Inc (AMD) revenue grew by 34.3% year-over-year, from $25.8B to $34.6B in fiscal year 2025.
Is Advanced Micro Devices Inc profitable?
Yes, Advanced Micro Devices Inc (AMD) reported a net income of $4.3B in fiscal year 2025, with a net profit margin of 12.5%.
What is Advanced Micro Devices Inc's EBITDA?
Advanced Micro Devices Inc (AMD) had EBITDA of $6.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Advanced Micro Devices Inc have?
As of fiscal year 2025, Advanced Micro Devices Inc (AMD) had $5.5B in cash and equivalents against $2.3B in long-term debt.
What is Advanced Micro Devices Inc's gross margin?
Advanced Micro Devices Inc (AMD) had a gross margin of 49.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Advanced Micro Devices Inc's operating margin?
Advanced Micro Devices Inc (AMD) had an operating margin of 10.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Advanced Micro Devices Inc's net profit margin?
Advanced Micro Devices Inc (AMD) had a net profit margin of 12.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Advanced Micro Devices Inc's return on equity (ROE)?
Advanced Micro Devices Inc (AMD) has a return on equity of 6.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Advanced Micro Devices Inc's free cash flow?
Advanced Micro Devices Inc (AMD) generated $6.7B in free cash flow during fiscal year 2025. This represents a 180.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Advanced Micro Devices Inc's operating cash flow?
Advanced Micro Devices Inc (AMD) generated $7.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Advanced Micro Devices Inc's total assets?
Advanced Micro Devices Inc (AMD) had $76.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Advanced Micro Devices Inc's capital expenditures?
Advanced Micro Devices Inc (AMD) invested $974.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Advanced Micro Devices Inc spend on research and development?
Advanced Micro Devices Inc (AMD) invested $8.1B in research and development during fiscal year 2025.
What is Advanced Micro Devices Inc's current ratio?
Advanced Micro Devices Inc (AMD) had a current ratio of 2.85 as of fiscal year 2025, which is generally considered healthy.
What is Advanced Micro Devices Inc's debt-to-equity ratio?
Advanced Micro Devices Inc (AMD) had a debt-to-equity ratio of 0.04 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Advanced Micro Devices Inc's return on assets (ROA)?
Advanced Micro Devices Inc (AMD) had a return on assets of 5.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Advanced Micro Devices Inc's Altman Z-Score?
Advanced Micro Devices Inc (AMD) has an Altman Z-Score of 15.19, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Advanced Micro Devices Inc's Piotroski F-Score?
Advanced Micro Devices Inc (AMD) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Advanced Micro Devices Inc's earnings high quality?
Advanced Micro Devices Inc (AMD) has an earnings quality ratio of 1.78x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Advanced Micro Devices Inc cover its interest payments?
Advanced Micro Devices Inc (AMD) has an interest coverage ratio of 28.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Advanced Micro Devices Inc?
Advanced Micro Devices Inc (AMD) scores 65 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.