Advanced Micro Devices Inc Financials

AMD

Source SEC Filings (10-K/10-Q) Updated Dec 27, 2025 Currency USD FYE December

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).

Key Financial Metrics

Revenue

$34.6B

YoY+34.3%

5Y CAGR+28.8%

10Y CAGR+24.1%

Advanced Micro Devices Inc generated $34.6B in revenue in fiscal year 2025. This represents an increase of 34.3% from the prior year.

EBITDA

$6.5B

YoY+37.0%

5Y CAGR+32.7%

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.

Free Cash Flow

$6.7B

YoY+180.0%

5Y CAGR+54.0%

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.

Net Income

$4.3B

YoY+164.2%

5Y CAGR+11.7%

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.

EPS (Diluted)

$2.65

YoY+165.0%

5Y CAGR+5.2%

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 & Debt

$5.5B

YoY+46.3%

5Y CAGR+28.3%

10Y CAGR+21.6%

Advanced Micro Devices Inc held $5.5B in cash against $2.3B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

1.63B

YoY+0.5%

5Y CAGR+6.1%

10Y CAGR+7.5%

Advanced Micro Devices Inc had 1.63B shares outstanding in fiscal year 2025. This represents an increase of 0.5% from the prior year.

Gross Margin

49.5%

YoY+0.2pp

5Y CAGR+5.0pp

10Y CAGR+22.5pp

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.

Operating Margin

10.7%

YoY+3.3pp

5Y CAGR-3.4pp

10Y CAGR+22.7pp

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.

Net Margin

12.5%

YoY+6.1pp

5Y CAGR-13.0pp

10Y CAGR+29.0pp

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.

Return on Equity

6.9%

YoY+4.0pp

5Y CAGR-35.8pp

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.

R&D Spending

$8.1B

YoY+25.3%

5Y CAGR+32.5%

10Y CAGR+23.9%

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.

Share Buybacks

$1.3B

YoY+52.7%

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.

Capital Expenditures

$974.0M

YoY+53.1%

5Y CAGR+27.1%

10Y CAGR+26.1%

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	FY25	FY25	FY25	FY24	FY23	FY22
Revenue	$34.6B+34.3%	$25.8B+13.7%	$22.7B-3.9%	$23.6B+43.6%	$16.4B+68.3%	$9.8B
Cost of Revenue	$17.5B+33.9%	$13.1B+6.9%	$12.2B-6.0%	$13.0B+52.8%	$8.5B+57.0%	$5.4B
Gross Profit	$17.2B+34.8%	$12.7B+21.7%	$10.5B-1.3%	$10.6B+33.7%	$7.9B+82.4%	$4.3B
R&D Expenses	$8.1B+25.3%	$6.5B+9.9%	$5.9B+17.3%	$5.0B+75.9%	$2.8B+43.5%	$2.0B
SG&A Expenses	$4.1B+51.5%	$2.7B+18.0%	$2.3B-0.8%	$2.3B+61.3%	$1.4B+45.5%	$995.0M
Operating Income	$3.7B+94.4%	$1.9B+373.8%	$401.0M-68.3%	$1.3B-65.4%	$3.6B+166.5%	$1.4B
Interest Expense	$131.0M+42.4%	$92.0M-13.2%	$106.0M+20.5%	$88.0M+158.8%	$34.0M-27.7%	$47.0M
Income Tax	-$103.0M-127.0%	$381.0M+210.1%	-$346.0M-183.6%	-$122.0M-123.8%	$513.0M+142.4%	-$1.2B
Net Income	$4.3B+164.2%	$1.6B+92.2%	$854.0M-35.3%	$1.3B-58.3%	$3.2B+27.0%	$2.5B
EPS (Diluted)	$2.65+165.0%	$1.00+88.7%	$0.53-36.9%	$0.84-67.3%	$2.57+24.8%	$2.06

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	N/A	$9.2B+20.3%	$7.7B+3.3%	$7.4B	N/A	$6.8B+16.9%	$5.8B+6.6%	$5.5B
Cost of Revenue	N/A	$4.5B-3.5%	$4.6B+25.0%	$3.7B	N/A	$3.4B+14.4%	$3.0B+2.0%	$2.9B
Gross Profit	N/A	$4.8B+56.3%	$3.1B-18.1%	$3.7B	N/A	$3.4B+19.4%	$2.9B+11.9%	$2.6B
R&D Expenses	N/A	$2.1B+12.9%	$1.9B+9.6%	$1.7B	N/A	$1.6B+3.3%	$1.6B+3.8%	$1.5B
SG&A Expenses	N/A	$1.1B+7.9%	$991.0M+11.9%	$886.0M	N/A	$707.0M+10.5%	$640.0M+5.4%	$607.0M
Operating Income	N/A	$1.3B+1047.8%	-$134.0M-116.6%	$806.0M	N/A	$724.0M+169.1%	$269.0M+647.2%	$36.0M
Interest Expense	N/A	$37.0M-2.6%	$38.0M+90.0%	$20.0M	N/A	$23.0M-8.0%	$25.0M0.0%	$25.0M
Income Tax	N/A	$153.0M+118.3%	-$834.0M-778.0%	$123.0M	N/A	-$27.0M-165.9%	$41.0M+178.8%	-$52.0M
Net Income	N/A	$1.2B+42.5%	$872.0M+23.0%	$709.0M	N/A	$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	FY25	FY25	FY25	FY24	FY23	FY22
Total Assets	$76.9B+11.1%	$69.2B+2.0%	$67.9B+0.5%	$67.6B+444.2%	$12.4B+38.6%	$9.0B
Current Assets	$26.9B+41.5%	$19.0B+13.6%	$16.8B+11.6%	$15.0B+75.0%	$8.6B+39.7%	$6.1B
Cash & Equivalents	$5.5B+46.3%	$3.8B-3.7%	$3.9B-18.7%	$4.8B+90.7%	$2.5B+58.9%	$1.6B
Inventory	$7.9B+38.1%	$5.7B+31.8%	$4.4B+15.4%	$3.8B+92.9%	$2.0B+39.7%	$1.4B
Accounts Receivable	$6.3B+2.0%	$6.2B+43.2%	$4.3B+4.8%	$4.1B+52.5%	$2.7B+31.0%	$2.1B
Goodwill	$25.1B+1.2%	$24.8B+2.4%	$24.3B+0.4%	$24.2B+8265.7%	$289.0M0.0%	$289.0M
Total Liabilities	$13.9B+19.5%	$11.7B-2.8%	$12.0B-6.5%	$12.8B+160.7%	$4.9B+57.5%	$3.1B
Current Liabilities	$9.5B+29.9%	$7.3B+8.9%	$6.7B+5.0%	$6.4B+50.2%	$4.2B+75.4%	$2.4B
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
Total Equity	$63.0B+9.4%	$57.6B+3.0%	$55.9B+2.1%	$54.8B+630.3%	$7.5B+28.4%	$5.8B
Retained Earnings	$6.7B+183.4%	$2.4B+227.0%	$723.0M+651.9%	-$131.0M+91.0%	-$1.5B+68.5%	-$4.6B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'25	Q3'25	Q2'25	Q1'25
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	FY25	FY25	FY25	FY24	FY23	FY22
Operating Cash Flow	$7.7B+153.5%	$3.0B+82.4%	$1.7B-53.2%	$3.6B+1.2%	$3.5B+228.8%	$1.1B
Capital Expenditures	$974.0M+53.1%	$636.0M+16.5%	$546.0M+21.3%	$450.0M+49.5%	$301.0M+2.4%	$294.0M
Free Cash Flow	$6.7B+180.0%	$2.4B+114.5%	$1.1B-64.0%	$3.1B-3.3%	$3.2B+314.4%	$777.0M
Investing Cash Flow	-$5.5B-402.5%	-$1.1B+22.6%	-$1.4B-171.2%	$2.0B+191.4%	$686.0M+172.1%	-$952.0M
Financing Cash Flow	-$431.0M+79.1%	-$2.1B-79.9%	-$1.1B+64.9%	-$3.3B-272.2%	$1.9B+31483.3%	$6.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$1.3B+52.7%	$862.0M-12.5%	$985.0M-73.4%	$3.7B+110.1%	$1.8B	$0

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	N/A	N/A	N/A	$939.0M	N/A	N/A	N/A	$521.0M
Capital Expenditures	N/A	N/A	N/A	$212.0M	N/A	N/A	N/A	$142.0M
Free Cash Flow	N/A	N/A	N/A	$727.0M	N/A	N/A	N/A	$379.0M
Investing Cash Flow	N/A	N/A	N/A	-$357.0M	N/A	N/A	N/A	-$135.0M
Financing Cash Flow	N/A	N/A	N/A	$1.7B	N/A	N/A	N/A	-$129.0M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	$749.0M	N/A	N/A	N/A	$4.0M

AMD Financial Ratios

Metric	FY25	FY25	FY25	FY24	FY23	FY22
Gross Margin	49.5%+0.2pp	49.4%+3.2pp	46.1%+1.2pp	44.9%-3.3pp	48.3%+3.7pp	44.5%
Operating Margin	10.7%+3.3pp	7.4%+5.6pp	1.8%-3.6pp	5.4%-16.8pp	22.2%+8.2pp	14.0%
Net Margin	12.5%+6.1pp	6.4%+2.6pp	3.8%-1.8pp	5.6%-13.6pp	19.2%-6.3pp	25.5%
Return on Equity	6.9%+4.0pp	2.9%+1.3pp	1.5%-0.9pp	2.4%-39.8pp	42.2%-0.5pp	42.7%
Return on Assets	5.6%+3.3pp	2.4%+1.1pp	1.3%-0.7pp	1.9%-23.5pp	25.5%-2.3pp	27.8%
Current Ratio	2.85+0.2	2.62+0.1	2.51+0.1	2.36+0.3	2.02-0.5	2.54
Debt-to-Equity	0.040.0	0.030.0	0.03-0.0	0.05+0.0	0.00-0.1	0.06
FCF Margin	19.4%+10.1pp	9.3%+4.4pp	4.9%-8.3pp	13.2%-6.4pp	19.6%+11.6pp	8.0%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	N/A	51.7%+11.9pp	39.8%-10.4pp	50.2%	N/A	50.1%+1.1pp	49.1%+2.3pp	46.8%
Operating Margin	N/A	13.7%+15.5pp	-1.7%-12.6pp	10.8%	N/A	10.6%+6.0pp	4.6%+4.0pp	0.7%
Net Margin	N/A	13.4%+2.1pp	11.3%+1.8pp	9.5%	N/A	11.3%+6.8pp	4.5%+2.3pp	2.3%
Return on Equity	N/A	2.0%+0.6pp	1.5%+0.2pp	1.2%	N/A	1.4%+0.9pp	0.5%+0.3pp	0.2%
Return on Assets	N/A	1.6%+0.4pp	1.2%+0.2pp	1.0%	N/A	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	N/A	N/A	N/A	9.8%	N/A	N/A	N/A	6.9%

Financial Health Signals

Financial Profile 79/100

Profitability

Growth

100

Leverage

100

Liquidity

Cash Flow

Returns

Based on FY2025 annual data. Scores normalized against common benchmarks.

Altman Z-Score Safe

15.47

Bankruptcy risk indicator. Above 2.99 = safe, below 1.81 = distress.

Piotroski F-Score Strong

7/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Cash-Backed

1.78x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

Interest Coverage Safe

28.2x

Operating income vs interest expense. Above 5x = safe, below 2x = risky.

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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 earnings per share (EPS)?

Advanced Micro Devices Inc (AMD) reported diluted earnings per share of $2.65 for fiscal year 2025. This represents a 165.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

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.

Does Advanced Micro Devices Inc buy back shares?

Yes, Advanced Micro Devices Inc (AMD) spent $1.3B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Advanced Micro Devices Inc have outstanding?

Advanced Micro Devices Inc (AMD) had 1.63B shares outstanding as of 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 15.47, 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.

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.

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.

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.

How financially healthy is Advanced Micro Devices Inc?

Advanced Micro Devices Inc (AMD) scores 79 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.