STOCK TITAN

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).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 65 / 100
Financial Profile 65/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
46

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.

Growth
91

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.

Leverage
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.

Liquidity
54

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.

Cash Flow
74

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.

Returns
26

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.

Altman Z-Score Safe
15.19

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.

Piotroski F-Score Strong
7/9

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.

Earnings Quality Cash-Backed
1.78x

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.

Interest Coverage Safe
28.2x

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

Export CSV

Earnings & Revenue

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.

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 & Balance Sheet

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.

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+0.6%
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 0.6% from the prior year.

Margins & Returns

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.

Capital Allocation

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 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%

Similar Companies

Frequently Asked Questions

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.

Advanced Micro Devices Inc (AMD) revenue grew by 34.3% year-over-year, from $25.8B to $34.6B in fiscal year 2025.

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%.

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.

Advanced Micro Devices Inc (AMD) had EBITDA of $6.5B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Advanced Micro Devices Inc (AMD) had $5.5B in cash and equivalents against $2.3B in long-term debt.

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.

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.

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.

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.

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.

Advanced Micro Devices Inc (AMD) generated $7.7B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Advanced Micro Devices Inc (AMD) had $76.9B in total assets as of fiscal year 2025, including both current and long-term assets.

Advanced Micro Devices Inc (AMD) invested $974.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Advanced Micro Devices Inc (AMD) invested $8.1B in research and development during fiscal year 2025.

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

Advanced Micro Devices Inc (AMD) had 1.63B shares outstanding as of fiscal year 2025.

Advanced Micro Devices Inc (AMD) had a current ratio of 2.85 as of fiscal year 2025, which is generally considered healthy.

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.

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.

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.

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.

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.

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.

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.

Back to top