Advanced Micro Devices Inc. (AMD) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q4 26	$1.61	$1.66	+3.1%	—	—	—
Q3 26	$1.29	$1.37	+6.2%	—	—	—
Q2 26	$1.32	$1.53	+15.9%	—	—	—
Q1 26	$1.17	$1.2	+2.6%	—	—	—
Q4 25	$0.48	$0.48	0.0%	—	—	—
Q3 25	$0.93	$0.96	+3.2%	—	—	—
Q2 25	$1.09	$1.09	0.0%	—	—	—
Q1 25	$0.92	$0.92	0.0%	—	—	—
Q4 24	$0.68	$0.69	+1.5%	—	—	—
Q3 24	$0.61	$0.62	+1.6%	—	—	—
Q2 24	$0.77	$0.77	0.0%	—	—	—
Q1 24	$0.68	$0.7	+2.9%	—	—	—
Q4 23	$0.57	$0.58	+1.8%	—	—	—
Q3 23	$0.56	$0.6	+7.1%	—	—	—
Q2 23	$0.67	$0.69	+3.0%	—	—	—
Q1 23	$0.68	$0.67	-1.5%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.67	—	—	$34.6B	—
FY24	—	$1.01	—	—	$25.8B	—
FY23	—	$0.53	—	—	$22.7B	—
FY22	—	$0.85	—	—	$23.6B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$4.3B	$5.3B	$6.5B	$6.7B	$9.8B	$16.4B	$23.6B	$22.7B	$25.8B	$34.6B
YoY change	+8.22%	+21.6%	+23.3%	+3.95%	+45%	+68.3%	+43.6%	-3.9%	+13.7%	+34.3%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	4.3B	5.3B	6.5B	6.7B	9.8B	16.4B	23.6B	22.7B	25.8B	34.6B
Cost of revenue	3.3B	3.5B	4B	3.9B	5.4B	8.5B	13B	12.2B	13.1B	17.5B
Gross profit	1B	1.8B	2.4B	2.9B	4.3B	7.9B	10.6B	10.5B	12.7B	17.2B
Gross margin	23.2%	34%	37.8%	42.6%	44.5%	48.2%	44.9%	46.1%	49.4%	49.5%
Research & development	1B	1.2B	1.4B	1.5B	2B	2.8B	5B	5.9B	6.5B	8.1B
Selling, general & administrative	466M	516M	562M	750M	995M	1.4B	2.3B	2.4B	2.8B	4.1B
Operating expenses	1.4B	1.7B	2B	2.2B	3B	4.3B	7.2B	8.2B	9.2B	12.2B
Operating income	-383M	127M	451M	631M	1.4B	3.6B	1.3B	401M	2.1B	3.7B
Operating margin	-8.87%	2.42%	6.97%	9.37%	14%	22.2%	5.36%	1.77%	8.09%	10.7%
Non-operating income, net	88M	-15M	-18M	-180M	-55M	47M	-57M	-9M	-187M	362M
Pretax income	-449M	-8M	330M	372M	1.3B	3.7B	1.2B	492M	2B	4.1B
Income tax	39M	18M	-9M	31M	-1.2B	513M	-122M	-346M	381M	-103M
Net income	-498M	-33M	337M	341M	2.5B	3.2B	1.3B	854M	1.6B	4.3B
Net margin	-11.5%	-0.63%	5.2%	5.07%	25.5%	19.2%	5.59%	3.77%	6.36%	12.5%
EBITDA	-248M	271M	633M	900M	1.7B	4.2B	5.5B	4.1B	5.4B	6.9B
EPS	-0.6	0.04	0.34	0.31	2.1	2.61	0.85	0.53	1.01	2.67
Diluted EPS	-0.6	0.04	0.32	0.3	2.06	2.57	0.84	0.53	1	2.65

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	5.8B	6.2B	5.5B	5.8B	6.8B	7.7B	7.4B	7.7B	9.2B	10.3B	10.3B	11.5B
Cost of revenue	3.1B	3.3B	2.9B	3B	3.4B	3.8B	3.7B	4.6B	4.5B	4.7B	4.8B	5.3B
Gross profit	2.7B	2.9B	2.6B	2.9B	3.4B	3.9B	3.7B	3.1B	4.8B	5.6B	5.4B	6.2B
Gross margin	47.4%	47.2%	46.8%	49.1%	50.1%	50.7%	50.2%	39.8%	51.7%	54.3%	52.8%	53.8%
Research & development	1.5B	1.5B	1.5B	1.6B	1.6B	1.7B	1.7B	1.9B	2.1B	2.3B	2.4B	2.5B
Selling, general & administrative	576M	644M	620M	650M	721M	792M	886M	991M	1.1B	1.2B	1.3B	1.4B
Operating expenses	2.1B	2.1B	2.1B	2.2B	2.3B	2.5B	2.6B	2.9B	3.2B	3.5B	3.6B	3.9B
Operating income	224M	342M	36M	269M	724M	1.1B	806M	-134M	1.3B	1.8B	1.5B	2B
Operating margin	3.86%	5.54%	0.66%	4.61%	10.6%	13.8%	10.8%	-1.74%	13.7%	17.1%	14.4%	17.3%
Non-operating income, net	59M	-157M	53M	55M	36M	-331M	39M	98M	82M	143M	165M	598M
Pretax income	257M	364M	64M	299M	737M	889M	825M	-74M	1.3B	2.1B	1.6B	2.6B
Income tax	-39M	-297M	-52M	41M	-27M	419M	123M	-834M	153M	455M	238M	252M
Net income	299M	667M	123M	265M	771M	482M	709M	872M	1.2B	1.5B	1.4B	2.3B
Net margin	5.16%	10.8%	2.25%	4.54%	11.3%	6.29%	9.53%	11.3%	13.4%	14.7%	13.5%	19.9%
EBITDA	1.1B	1.2B	899M	1.1B	1.6B	1.7B	1.6B	721M	2.1B	2.9B	2.4B	3.4B
EPS	0.18	0.41	0.08	0.16	0.48	0.3	0.44	0.54	0.76	0.93	0.85	1.4
Diluted EPS	0.18	0.41	0.07	0.16	0.47	0.29	0.44	0.54	0.75	0.92	0.84	1.38

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	9.5B	—	18.1B	—	108.6B	174.6B	—	237.9B	195.7B	347.8B	992.3B
Enterprise value	9.6B	—	18.2B	—	106.8B	171.6B	—	235.1B	192.8B	341.1B	1T
Shares outstanding	835M	952M	982M	1.1B	1.2B	1.2B	1.6B	1.6B	1.6B	1.6B	1.6B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	—	53.8	—	43.6	55.2	—	278.6	119.2	80.2	161.3
P/S	2.19	—	2.8	—	11.1	10.6	—	10.5	7.59	10	24.9
P/B	22.8	—	14.3	—	18.6	23.3	—	4.26	3.4	5.52	15.3
EV/EBITDA	-38.9	—	28.8	—	61.7	41.1	—	56.7	35.4	49.4	106.7
EV/Sales	2.23	—	2.81	—	10.9	10.4	—	10.4	7.48	9.85	24.7
Earnings yield	—	—	1.86%	—	2.29%	1.81%	—	0.36%	0.84%	1.25%	0.62%
FCF yield	0.04%	—	-0.71%	—	0.72%	1.84%	—	0.47%	1.23%	1.94%	0.89%
PEG	—	—	—	—	—	—	—	—	—	—	1.01

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	23.2%	34%	37.8%	42.6%	44.5%	48.2%	44.9%	46.1%	49.4%	49.5%	53.8%
Operating margin	-8.87%	2.42%	6.97%	9.37%	14%	22.2%	5.36%	1.77%	8.09%	10.7%	17.3%
Net margin	-11.5%	-0.63%	5.2%	5.07%	25.5%	19.2%	5.59%	3.77%	6.36%	12.5%	15.6%
ROE	-119.7%	-5.54%	26.6%	12.1%	42.7%	42.2%	2.41%	1.53%	2.85%	6.88%	10.2%
ROA	-15%	-0.93%	7.4%	5.66%	27.8%	25.5%	1.95%	1.26%	2.37%	5.64%	5.13%
ROIC	-65.2%	15.8%	33.2%	28.2%	33.6%	69%	2.44%	0.75%	3.09%	6.56%	9.49%
Return on tangible assets	-21.9%	-1.32%	9.56%	6.78%	31.4%	28.2%	-4.55%	-3.66%	-8.96%	-64.4%	285.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.88	1.74	1.78	1.95	2.54	2.02	2.36	2.51	2.62	2.85	2.61
Quick ratio	1.32	1.28	1.36	1.53	1.96	1.56	1.77	1.86	1.83	2.01	1.91
Debt / equity	3.45	2.34	0.99	0.26	0.09	0.09	0.05	0.05	0.04	0.06	0.06
Debt / assets	0.43	0.39	0.27	0.12	0.06	0.05	0.04	0.04	0.03	0.05	0.05
Net debt / EBITDA	-0.69	0.77	0.15	-0.86	-1.02	-0.71	-0.54	-0.67	-0.54	-0.97	-0.82
Interest coverage	-1.88	0.94	3.73	4.96	28.1	108.9	14.5	5.64	22.6	32.6	52.3
Effective tax rate	0%	0%	0%	8.33%	0%	14%	0%	0%	19.2%	0%	14.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	5.17	5.52	6.59	6.17	8.25	13.5	15.1	14.1	15.9	21.3	25.4
EPS (basic)	-0.6	0.04	0.34	0.31	2.1	2.61	0.85	0.53	1.01	2.67	2.67
EPS (diluted)	-0.6	0.04	0.32	0.3	2.06	2.57	0.84	0.53	1	2.65	3.91
Book value per share	0.5	0.63	1.29	2.59	4.93	6.18	35.1	34.6	35.5	38.8	41.2
FCF per share	0	-0.11	-0.13	0.25	0.66	2.65	2	0.69	1.48	4.15	5.07
Cash per share	1.51	1.24	1.18	1.38	1.93	2.97	3.75	3.58	3.17	6.5	8.03
Capex per share	0.09	0.12	0.17	0.2	0.25	0.25	0.29	0.34	0.39	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.78%	2.15%	2.52%	3.22%	3.01%	1.83%	1.91%	2.41%	2.47%	—	—
Capex / operating cash flow	-132.8%	86.9%	-169.8%	96.4%	37.8%	7.67%	12%	22.3%	35%	—	—
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Yield

—

trailing twelve months

Frequency

—

Last dividend

$0.0025

ex-dividend Apr 27, 1995

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Apr 27, 1995	$0.0025

Split history

Date	Ratio
Aug 22, 2000	2:1
Aug 23, 1983	2:1
Oct 28, 1982	3:2
Oct 24, 1980	2:1

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$5.8B	$6.2B	$5.5B	$5.8B	$6.8B	$7.7B	$7.4B	$7.7B	$9.2B	$10.3B	$10.3B	$11.5B
YoY change	+4.22%	+10.2%	+2.24%	+8.88%	+17.6%	+24.2%	+35.9%	+31.7%	+35.6%	+34.1%	+37.8%	+50.1%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1.3B	1.2B	1.2B	1.5B	2.3B	3.6B	5.9B	5.8B	5.1B	10.6B
Receivables	311M	454M	1.2B	1.9B	2.1B	2.7B	4.1B	5.4B	6.2B	6.3B
Inventory	751M	694M	845M	982M	1.4B	2B	3.8B	4.4B	5.7B	7.9B
Total current assets	2.5B	2.6B	3.5B	4.6B	6.1B	8.6B	15B	16.8B	19B	26.9B
Property, plant & equipment	878M	1B	1.1B	1.7B	2.1B	2.6B	4.3B	2.2B	2.4B	2.3B
Goodwill & intangibles	1B	1.1B	1B	998M	1B	1.2B	96.6B	91.3B	87.5B	83.7B
Total assets	3.3B	3.6B	4.6B	6B	9B	12.4B	67.6B	67.9B	69.2B	76.9B
Accounts payable	440M	384M	834M	988M	468M	1.3B	2.5B	2.1B	2B	2.9B
Short-term debt	—	70M	136M	43M	—	312M	—	751M	—	874M
Total current liabilities	1.3B	1.5B	2B	2.4B	2.4B	4.2B	6.4B	6.7B	7.3B	9.5B
Long-term debt	1.4B	1.3B	1.1B	685M	531M	349M	2.9B	2.3B	2.2B	3B
Total liabilities	2.9B	3B	3.3B	3.2B	3.1B	4.9B	12.8B	12B	11.7B	13.9B
Shareholders' equity	416M	596M	1.3B	2.8B	5.8B	7.5B	54.8B	55.9B	57.6B	63B
Total debt	1.4B	1.4B	1.3B	728M	531M	661M	2.9B	3B	2.2B	3.8B
Net debt	171M	210M	172M	-738M	-1.1B	-1.9B	-2B	-930M	-1.6B	-1.7B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	5.8B	5.8B	6B	5.3B	4.5B	5.1B	7.3B	5.9B	7.2B	10.6B	12.3B	13.1B
Receivables	5.1B	5.4B	5B	5.7B	7.2B	6.2B	5.4B	5.1B	6.2B	6.3B	6B	7.3B
Inventory	4.4B	4.4B	4.7B	5B	5.4B	5.7B	6.4B	6.7B	7.3B	7.9B	8B	8.5B
Total current assets	16.7B	16.8B	17.1B	17.5B	18.7B	19B	21.6B	24.5B	27B	26.9B	28.6B	31.5B
Property, plant & equipment	2.1B	2.2B	2.3B	2.3B	2.3B	2.4B	1.9B	2.1B	2.2B	2.3B	2.7B	3.4B
Goodwill & intangibles	92.3B	91.3B	90B	88.8B	88.8B	87.5B	86.4B	85.8B	84.7B	83.7B	83B	82.2B
Total assets	67.6B	67.9B	67.9B	67.9B	69.6B	69.2B	71.5B	74.8B	76.9B	76.9B	79.6B	84.5B
Accounts payable	2.2B	2.1B	1.4B	1.7B	2.5B	2B	2.2B	3.1B	3.5B	2.9B	3B	5.4B
Short-term debt	752M	751M	750M	—	—	—	947M	—	873M	874M	874M	875M
Total current liabilities	7.6B	6.7B	6.5B	6.2B	7.5B	7.3B	7.7B	9.8B	11.7B	9.5B	10.5B	12.1B
Long-term debt	2.1B	2.3B	2.2B	2.2B	2.2B	2.2B	3.8B	3.9B	3B	3B	3B	3.4B
Total liabilities	12.7B	12B	11.7B	11.3B	12.7B	11.7B	13.7B	15.2B	16.1B	13.9B	15.2B	17.2B
Shareholders' equity	55B	55.9B	56.2B	56.5B	57B	57.6B	57.9B	59.7B	60.8B	63B	64.5B	67.2B
Total debt	2.9B	3B	3B	2.2B	2.2B	2.2B	4.7B	3.9B	3.9B	3.8B	3.9B	4.3B
Net debt	-699M	-930M	-1.2B	-1.9B	-1.7B	-1.6B	-1.3B	-556M	-938M	-1.7B	-1.7B	-810M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	-498M	-33M	337M	341M	2.5B	3.2B	1.3B	854M	1.6B	4.3B
Depreciation & amortization	133M	144M	170M	258M	354M	463M	4.3B	3.6B	3.2B	3B
Stock-based compensation	86M	97M	137M	197M	274M	379M	1.1B	1.4B	1.4B	1.6B
Change in working capital	196M	-114M	-773M	-593M	-1.1B	-387M	-1.6B	-2.3B	-3.3B	-1.9B
Operating cash flow	-58M	130M	-96M	225M	778M	3.9B	3.8B	2.5B	1.8B	7.7B
Capital expenditure	-77M	-113M	-163M	-217M	-294M	-301M	-450M	-546M	-636M	—
Investing cash flow	277M	-53M	-170M	-149M	-952M	-686M	2B	-1.4B	-1.1B	-5.9B
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	-6M	-6M	-78M	-2B	-4.1B	-1.4B	-1.6B	-1.9B
Financing cash flow	-680M	-53M	-42M	-480M	121M	-2B	-3.4B	-1.4B	-2.3B	-716M
Net change in cash	-461M	24M	-308M	-404M	-53M	1.2B	2.3B	-387M	-1.6B	1.1B
Free cash flow	4M	-101M	-129M	276M	777M	3.2B	3.1B	1.1B	2.4B	6.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	299M	667M	123M	265M	771M	482M	709M	768M	1.2B	1.6B	1.4B	2.3B
Depreciation & amortization	848M	824M	810M	821M	838M	786M	742M	757M	754M	751M	757M	765M
Stock-based compensation	353M	374M	371M	346M	351M	339M	364M	369M	419M	486M	487M	503M
Change in working capital	-1.2B	-416M	-613M	-1.4B	-1.7B	-920M	-223M	905M	-1.3B	-1.3B	51M	605M
Operating cash flow	105M	1.2B	668M	-233M	-401M	449M	1.5B	2B	2.2B	2.6B	3B	2.4B
Capital expenditure	-124M	-139M	-142M	-154M	-132M	-208M	-212M	—	—	—	—	—
Investing cash flow	102M	150M	-135M	386M	-138M	-1.2B	-357M	-278M	-1.1B	-2.7B	-2.2B	-1.7B
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-806M	-278M	-133M	-449M	-710M	-298M	-779M	-524M	-460M	-160M	-355M	-207M
Financing cash flow	-806M	-279M	-134M	-449M	-710M	-298M	1.7B	-524M	-460M	-160M	-355M	-207M
Net change in cash	-599M	1.1B	399M	-296M	-1.2B	-1.1B	2.8B	1.2B	628M	-237M	424M	489M
Free cash flow	297M	242M	379M	439M	496M	1.1B	727M	1.7B	1.9B	2.4B	2.6B	1.6B

Advanced Micro Devices Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement