Advanced Micro Devices, Inc. (AMD) 10-Year Financial Performance & Capital Metrics

AMD •

TechnologySemiconductorsCompute Processors and AI Accelerators

AboutAdvanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles. The company provides processors for desktop and notebook personal computers under the AMD Ryzen, AMD Ryzen PRO, Ryzen Threadripper, Ryzen Threadripper PRO, AMD Athlon, AMD Athlon PRO, AMD FX, AMD A-Series, and AMD PRO A-Series processors brands; discrete GPUs for desktop and notebook PCs under the AMD Radeon graphics, AMD Embedded Radeon graphics brands; and professional graphics products under the AMD Radeon Pro and AMD FirePro graphics brands. It also offers Radeon Instinct, Radeon PRO V-series, and AMD Instinct accelerators for servers; chipsets under the AMD trademark; microprocessors for servers under the AMD EPYC; embedded processor solutions under the AMD Athlon, AMD Geode, AMD Ryzen, AMD EPYC, AMD R-Series, and G-Series processors brands; and customer-specific solutions based on AMD CPU, GPU, and multi-media technologies, as well as semi-custom SoC products. It serves original equipment manufacturers, public cloud service providers, original design manufacturers, system integrators, independent distributors, online retailers, and add-in-board manufacturers through its direct sales force, independent distributors, and sales representatives. The company was incorporated in 1969 and is headquartered in Santa Clara, California.Show more

Revenue $34.64B +34.3%
EBITDA $6.7B +31.9%
Net Income $4.33B +164.2%
EPS (Diluted) 2.65 +165.0%
Gross Margin 49.52% +0.3%
EBITDA Margin 19.34% -1.8%
Operating Margin 10.66% +44.7%
Net Margin 12.51% +96.6%
ROE 7.19% +148.6%
ROIC 4.7% +82.9%
Debt/Equity 0.07 +84.7%
Interest Coverage 28.20 +36.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 19.4% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 28.8%

✗Weaknesses

✗Weak 3Y average ROE of 3.9%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y24.12%

5Y28.82%

3Y13.64%

TTM34.34%

Profit (Net Income) CAGR

10Y-

5Y11.73%

3Y48.64%

TTM164.17%

EPS CAGR

10Y-

5Y5.17%

3Y46.66%

TTM164.68%

ROCE

10Y Avg11.52%

5Y Avg12.53%

3Y Avg3.15%

Latest5.71%

Peer Comparison

Compute Processors and AI Accelerators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AMDAdvanced Micro Devices, Inc.	326.34B	200.21	75.55	34.34%	12.51%	6.88%	2.06%	0.07
NVDANVIDIA Corporation	4.31T	177.19	36.16	65.47%	55.6%	76.33%	2.24%	0.07
ICGIntchains Group Limited	80.63M	1.26	5.03	242.68%	6.51%	1.97%		0.00
AMBQAmbiq Micro, Inc.	559.92M	30.70	-9.81	16.07%	-52.14%	-54.75%		0.01
NANano Labs Ltd	8.43M	2.95	-12.12	-48.18%	-261.01%	-10.18%		0.85
AMBAAmbarella, Inc.	2.6B	60.34	-21.25	25.78%	-21.31%	-13.5%	0.9%	0.01
BZAIBlaize Holdings, Inc.	144.01M	1.18	-29.14	-59.7%	-11.52%	-117.32%		0.06
INTCIntel Corporation	227.78B	45.61	-558.26		-0.07%	-0.03%		0.37

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	4.32B	5.25B	6.47B	6.73B	9.76B	16.43B	23.6B	22.68B	25.79B	34.64B
Revenue Growth %	8.22%	21.63%	23.26%	3.95%	45.05%	68.33%	43.61%	-3.9%	13.69%	34.34%
Cost of Goods Sold+	3.32B	3.47B	4.03B	3.86B	5.42B	8.51B	13B	12.22B	13.06B	17.49B
COGS % of Revenue	76.78%	65.98%	62.21%	57.39%	55.47%	51.75%	55.07%	53.88%	50.65%	50.48%
Gross Profit+	1B	1.79B	2.45B	2.87B	4.35B	7.93B	10.6B	10.46B	12.72B	17.15B
Gross Margin %	23.22%	34.02%	37.79%	42.61%	44.53%	48.25%	44.93%	46.12%	49.35%	49.52%
Gross Profit Growth %	-7.13%	78.17%	36.93%	17.2%	51.57%	82.4%	33.72%	-1.35%	21.65%	34.79%
Operating Expenses+	1.38B	1.66B	2B	2.24B	2.98B	4.28B	9.34B	10.06B	10.82B	13.46B
OpEx % of Revenue	31.86%	31.6%	30.83%	33.23%	30.5%	26.05%	39.57%	44.35%	41.98%	38.85%
Selling, General & Admin	466M	516M	562M	750M	995M	1.45B	2.34B	2.35B	2.78B	4.14B
SG&A % of Revenue	10.79%	9.82%	8.68%	11.14%	10.19%	8.81%	9.9%	10.37%	10.79%	11.96%
Research & Development	1.01B	1.2B	1.43B	1.55B	1.98B	2.85B	5B	5.87B	6.46B	8.09B
R&D % of Revenue	23.34%	22.77%	22.15%	22.98%	20.31%	17.31%	21.21%	25.89%	25.04%	23.36%
Other Operating Expenses	-98M	-52M	0	-60M	0	-12M	2B	1.83B	1.59B	1.22B
Operating Income+	-373M	127M	451M	631M	1.37B	3.65B	1.26B	401M	1.9B	3.69B
Operating Margin %	-8.64%	2.42%	6.97%	9.37%	14.02%	22.2%	5.36%	1.77%	7.37%	10.66%
Operating Income Growth %	22.45%	134.05%	255.12%	39.91%	116.96%	166.47%	-65.35%	-68.28%	373.82%	94.42%
EBITDA+	-240M	271M	621M	889M	1.72B	4.11B	5.53B	3.95B	5.08B	6.7B
EBITDA Margin %	-5.56%	5.16%	9.59%	13.21%	17.65%	25.02%	23.41%	17.42%	19.69%	19.34%
EBITDA Growth %	23.57%	212.92%	129.15%	43.16%	93.81%	138.6%	34.42%	-28.48%	28.47%	31.93%
D&A (Non-Cash Add-back)	133M	144M	170M	258M	354M	463M	4.26B	3.55B	3.18B	3B
EBIT	-293M	118M	451M	466M	1.32B	3.7B	1.27B	598M	2.08B	4.27B
Net Interest Income+	-154M	-120M	-103M	-79M	-39M	-26M	-23M	100M	90M	-131M
Interest Income	2M	6M	18M	15M	8M	8M	65M	206M	182M	0
Interest Expense	156M	126M	121M	94M	47M	34M	88M	106M	92M	131M
Other Income/Expense	-86M	-142M	-123M	-259M	-89M	27M	-66M	107M	122M	470M
Pretax Income+	-459M	-15M	328M	372M	1.28B	3.67B	1.2B	508M	2.02B	4.17B
Pretax Margin %	-10.63%	-0.29%	5.07%	5.53%	13.11%	22.36%	5.08%	2.24%	7.84%	12.03%
Income Tax+	39M	18M	-9M	31M	-1.21B	513M	-122M	-346M	381M	-103M
Effective Tax Rate %	108.5%	220%	102.74%	91.67%	194.53%	86.04%	110.18%	168.11%	81.16%	104.06%
Net Income+	-498M	-33M	337M	341M	2.49B	3.16B	1.32B	854M	1.64B	4.33B
Net Margin %	-11.53%	-0.63%	5.2%	5.07%	25.5%	19.24%	5.59%	3.77%	6.36%	12.51%
Net Income Growth %	24.55%	93.37%	1121.21%	1.19%	630.21%	26.99%	-58.25%	-35.3%	92.15%	164.17%
Net Income (Continuing)	-498M	-33M	337M	341M	2.49B	3.16B	1.32B	854M	1.64B	4.27B
Discontinued Operations	0	0	0	0	0	0	0	0	0	66M
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.60	-0.03	0.32	0.30	2.06	2.57	0.84	0.53	1.00	2.65
EPS Growth %	28.57%	95%	1166.67%	-6.25%	586.67%	24.76%	-67.32%	-36.9%	88.68%	165%
EPS (Basic)	-0.60	-0.03	0.34	0.31	2.10	2.61	0.85	0.53	1.01	2.67
Diluted Shares Outstanding	835M	1.04B	1.06B	1.12B	1.21B	1.23B	1.57B	1.63B	1.64B	1.64B
Basic Shares Outstanding	835M	952M	982M	1.09B	1.18B	1.21B	1.56B	1.61B	1.62B	1.62B
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	2.53B	2.63B	3.54B	4.6B	6.14B	8.58B	15.02B	16.77B	19.05B	26.95B
Cash & Short-Term Investments	1.26B	1.19B	1.16B	1.5B	2.29B	3.61B	5.86B	5.77B	5.13B	10.55B
Cash Only	1.26B	1.19B	1.08B	1.47B	1.59B	2.54B	4.83B	3.93B	3.79B	5.54B
Short-Term Investments	0	0	78M	37M	695M	1.07B	1.02B	1.84B	1.34B	5.01B
Accounts Receivable	343M	487M	1.27B	1.88B	2.08B	2.71B	4.13B	5.38B	6.93B	6.32B
Days Sales Outstanding	28.99	33.84	71.53	101.89	77.61	60.14	63.84	86.66	98.14	66.54
Inventory	751M	694M	845M	982M	1.4B	1.96B	3.77B	4.35B	5.73B	7.92B
Days Inventory Outstanding	82.66	73.08	76.57	92.79	94.28	83.9	105.89	129.96	160.25	165.31
Other Current Assets	140M	235M	236M	0	0	0	1.26B	1.26B	1.25B	2.16B
Total Non-Current Assets+	791M	918M	1.02B	1.43B	2.82B	3.84B	52.56B	51.12B	50.18B	49.98B
Property, Plant & Equipment	164M	261M	348M	705M	849M	1.07B	1.97B	2.22B	2.42B	2.31B
Fixed Asset Turnover	26.34x	20.13x	18.61x	9.55x	11.50x	15.37x	11.96x	10.21x	10.63x	14.98x
Goodwill	289M	289M	289M	289M	289M	289M	24.18B	24.26B	24.84B	25.13B
Intangible Assets	234M	239M	226M	210M	229M	323M	24.12B	21.36B	18.93B	16.7B
Long-Term Investments	59M	58M	58M	58M	63M	69M	83M	99M	149M	0
Other Non-Current Assets	45M	71M	95M	147M	144M	1.16B	2.15B	2.81B	3.15B	5.45B
Total Assets+	3.32B	3.55B	4.56B	6.03B	8.96B	12.42B	67.58B	67.89B	69.23B	76.93B
Asset Turnover	1.30x	1.48x	1.42x	1.12x	1.09x	1.32x	0.35x	0.33x	0.37x	0.45x
Asset Growth %	7.68%	6.96%	28.27%	32.31%	48.67%	38.57%	444.17%	0.45%	1.98%	11.12%
Total Current Liabilities+	1.35B	1.51B	1.98B	2.36B	2.42B	4.24B	6.37B	6.69B	7.28B	9.46B
Accounts Payable	440M	384M	834M	988M	468M	1.32B	2.49B	2.06B	1.99B	2.93B
Days Payables Outstanding	48.43	40.44	75.57	93.35	31.54	56.69	70.01	61.38	55.62	61.14
Short-Term Debt	0	70M	136M	0	0	312M	0	751M	0	874M
Deferred Revenue (Current)	63M	85M	11M	2M	0	314M	859M	544M	0	0
Other Current Liabilities	185M	213M	249M	314M	588M	489M	178M	778M	1.73B	5.65B
Current Ratio	1.88x	1.74x	1.78x	1.95x	2.54x	2.02x	2.36x	2.51x	2.62x	2.85x
Quick Ratio	1.32x	1.28x	1.36x	1.53x	1.96x	1.56x	1.77x	1.86x	1.83x	2.01x
Cash Conversion Cycle	63.22	66.48	72.53	101.33	140.36	87.35	99.73	155.24	202.78	170.72
Total Non-Current Liabilities+	1.56B	1.44B	1.31B	842M	708M	682M	6.46B	5.3B	4.38B	4.47B
Long-Term Debt	1.44B	1.32B	1.11B	486M	330M	1M	2.47B	1.72B	1.72B	2.97B
Capital Lease Obligations	0	0	0	199M	201M	348M	396M	535M	491M	625M
Deferred Tax Liabilities	0	0	0	0	0	12M	1.93B	1.2B	349M	313M
Other Non-Current Liabilities	124M	118M	192M	157M	177M	321M	1.66B	1.85B	1.82B	561M
Total Liabilities	2.9B	2.96B	3.29B	3.2B	3.13B	4.92B	12.83B	11.99B	11.66B	13.93B
Total Debt+	1.44B	1.4B	1.25B	728M	531M	661M	2.86B	3B	2.21B	4.47B
Net Debt	171M	210M	172M	-738M	-1.06B	-1.87B	-1.97B	-930M	-1.57B	-1.07B
Debt / Equity	3.45x	2.34x	0.99x	0.26x	0.09x	0.09x	0.05x	0.05x	0.04x	0.07x
Debt / EBITDA	-	5.15x	2.01x	0.82x	0.31x	0.16x	0.52x	0.76x	0.44x	0.67x
Net Debt / EBITDA	-	0.77x	0.28x	-0.83x	-0.62x	-0.46x	-0.36x	-0.24x	-0.31x	-0.16x
Interest Coverage	-2.39x	1.01x	3.73x	6.71x	29.13x	107.29x	14.36x	3.78x	20.65x	28.20x
Total Equity+	416M	596M	1.27B	2.83B	5.84B	7.5B	54.75B	55.89B	57.57B	63B
Equity Growth %	200.97%	43.27%	112.42%	123.3%	106.47%	28.44%	630.29%	2.09%	3%	9.43%
Book Value per Share	0.50	0.57	1.19	2.52	4.84	6.10	34.85	34.40	35.17	38.51
Total Shareholders' Equity	416M	596M	1.27B	2.83B	5.84B	7.5B	54.75B	55.89B	57.57B	63B
Common Stock	9M	9M	10M	12M	12M	12M	16M	17M	17M	17M
Retained Earnings	-7.8B	-7.78B	-7.44B	-7.09B	-4.61B	-1.45B	-131M	723M	2.36B	6.7B
Treasury Stock	-119M	-108M	-50M	-53M	-131M	-2.13B	-3.1B	-4.51B	-6.11B	-7.08B
Accumulated OCI	-5M	6M	-8M	0	17M	-3M	-41M	-10M	-69M	-3M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	90M	68M	34M	493M	1.07B	3.52B	3.56B	1.67B	3.04B	7.71B
Operating CF Margin %	2.08%	1.29%	0.53%	7.32%	10.97%	21.43%	15.11%	7.35%	11.79%	22.26%
Operating CF Growth %	137.97%	-24.44%	-50%	1350%	117.24%	228.76%	1.25%	-53.24%	82.42%	153.5%
Net Income	-497M	43M	337M	341M	2.49B	3.16B	1.32B	854M	1.64B	4.27B
Depreciation & Amortization	133M	144M	170M	258M	354M	463M	4.26B	3.55B	3.18B	3B
Stock-Based Compensation	86M	97M	137M	197M	274M	379M	1.08B	1.38B	1.41B	1.64B
Deferred Taxes	11M	9M	-4M	-4M	-1.22B	308M	-1.5B	-1.02B	-1.16B	248M
Other Non-Cash Items	177M	39M	121M	243M	107M	-17M	253M	-54M	77M	928M
Working Capital Changes	180M	-264M	-727M	-542M	-931M	-774M	-1.85B	-3.05B	-2.1B	-2.38B
Change in Receivables	222M	-89M	-806M	-623M	-209M	-640M	-1.09B	-1.25B	-1.86B	-121M
Change in Inventory	-73M	12M	-151M	-137M	-417M	-556M	-1.4B	-580M	-1.46B	-2.19B
Change in Payables	58M	-75M	207M	373M	-513M	801M	931M	-419M	-109M	410M
Cash from Investing+	277M	-114M	-170M	-149M	-952M	-686M	2B	-1.42B	-1.1B	-5.53B
Capital Expenditures	-77M	-113M	-163M	-217M	-294M	-301M	-450M	-546M	-636M	-974M
CapEx % of Revenue	1.78%	2.15%	2.52%	3.22%	3.01%	1.83%	1.91%	2.41%	2.47%	2.81%
Acquisitions	0	1M	0	0	-27M	0	822M	-131M	-565M	-1.76B
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2M	-2M	71M	27M	27M	-7M	-16M	-11M	-98M	1.33B
Cash from Financing+	122M	-33M	28M	43M	6M	-1.9B	-3.26B	-1.15B	-2.06B	-431M
Debt Issued (Net)	-561M	-40M	-41M	-473M	0	0	679M	0	-750M	1.49B
Equity Issued (Net)	1000K	0	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	-6M	-6M	-78M	-2B	-4.11B	-1.41B	-1.59B	-1.32B
Other Financing	16M	7M	75M	522M	84M	104M	165M	266M	278M	-891M
Net Change in Cash	479M	-79M	-108M	387M	125M	940M	2.3B	-902M	-122M	1.86B
Free Cash Flow+	13M	-45M	-129M	276M	777M	3.22B	3.12B	1.12B	2.4B	6.74B
FCF Margin %	0.3%	-0.86%	-1.99%	4.1%	7.96%	19.59%	13.2%	4.94%	9.33%	19.44%
FCF Growth %	103.9%	-446.15%	-186.67%	313.95%	181.52%	314.41%	-3.26%	-64.01%	114.54%	180.04%
FCF per Share	0.02	-0.04	-0.12	0.25	0.64	2.62	1.98	0.69	1.47	4.12
FCF Conversion (FCF/Net Income)	-0.18x	-2.06x	0.10x	1.45x	0.43x	1.11x	2.70x	1.95x	1.85x	1.78x
Interest Paid	149M	88M	0	0	31M	25M	85M	84M	72M	0
Taxes Paid	20M	20M	0	0	8M	35M	685M	523M	1.39B	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-24900%	-6.52%	36.2%	16.66%	57.48%	47.43%	4.24%	1.54%	2.89%	7.19%
Return on Invested Capital (ROIC)	-34.39%	13.68%	30.15%	26.84%	29.93%	52.64%	3.25%	0.56%	2.57%	4.7%
Gross Margin	23.22%	34.02%	37.79%	42.61%	44.53%	48.25%	44.93%	46.12%	49.35%	49.52%
Net Margin	-11.53%	-0.63%	5.2%	5.07%	25.5%	19.24%	5.59%	3.77%	6.36%	12.51%
Debt / Equity	3.45x	2.34x	0.99x	0.26x	0.09x	0.09x	0.05x	0.05x	0.04x	0.07x
Interest Coverage	-2.39x	1.01x	3.73x	6.71x	29.13x	107.29x	14.36x	3.78x	20.65x	28.20x
FCF Conversion	-0.18x	-2.06x	0.10x	1.45x	0.43x	1.11x	2.70x	1.95x	1.85x	1.78x
Revenue Growth	8.22%	21.63%	23.26%	3.95%	45.05%	68.33%	43.61%	-3.9%	13.69%	34.34%

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Advanced Micro Devices, Inc. (AMD) 10-Year Financial Performance & Capital Metrics

AMD •

TechnologySemiconductorsCompute Processors and AI Accelerators

Revenue $34.64B +34.3%
EBITDA $6.7B +31.9%
Net Income $4.33B +164.2%
EPS (Diluted) 2.65 +165.0%
Gross Margin 49.52% +0.3%
EBITDA Margin 19.34% -1.8%
Operating Margin 10.66% +44.7%
Net Margin 12.51% +96.6%
ROE 7.19% +148.6%
ROIC 4.7% +82.9%
Debt/Equity 0.07 +84.7%
Interest Coverage 28.20 +36.5%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 19.4% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 28.8%

✗Weaknesses

✗Weak 3Y average ROE of 3.9%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y24.12%

5Y28.82%

3Y13.64%

TTM34.34%

Profit (Net Income) CAGR

10Y-

5Y11.73%

3Y48.64%

TTM164.17%

EPS CAGR

10Y-

5Y5.17%

3Y46.66%

TTM164.68%

ROCE

10Y Avg11.52%

5Y Avg12.53%

3Y Avg3.15%

Latest5.71%

Peer Comparison

Compute Processors and AI Accelerators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AMDAdvanced Micro Devices, Inc.	326.34B	200.21	75.55	34.34%	12.51%	6.88%	2.06%	0.07
NVDANVIDIA Corporation	4.31T	177.19	36.16	65.47%	55.6%	76.33%	2.24%	0.07
ICGIntchains Group Limited	80.63M	1.26	5.03	242.68%	6.51%	1.97%		0.00
AMBQAmbiq Micro, Inc.	559.92M	30.70	-9.81	16.07%	-52.14%	-54.75%		0.01
NANano Labs Ltd	8.43M	2.95	-12.12	-48.18%	-261.01%	-10.18%		0.85
AMBAAmbarella, Inc.	2.6B	60.34	-21.25	25.78%	-21.31%	-13.5%	0.9%	0.01
BZAIBlaize Holdings, Inc.	144.01M	1.18	-29.14	-59.7%	-11.52%	-117.32%		0.06
INTCIntel Corporation	227.78B	45.61	-558.26		-0.07%	-0.03%		0.37

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Sales/Revenue+	4.32B	5.25B	6.47B	6.73B	9.76B	16.43B	23.6B	22.68B	25.79B	34.64B
Revenue Growth %	8.22%	21.63%	23.26%	3.95%	45.05%	68.33%	43.61%	-3.9%	13.69%	34.34%
Cost of Goods Sold+	3.32B	3.47B	4.03B	3.86B	5.42B	8.51B	13B	12.22B	13.06B	17.49B
COGS % of Revenue	76.78%	65.98%	62.21%	57.39%	55.47%	51.75%	55.07%	53.88%	50.65%	50.48%
Gross Profit+	1B	1.79B	2.45B	2.87B	4.35B	7.93B	10.6B	10.46B	12.72B	17.15B
Gross Margin %	23.22%	34.02%	37.79%	42.61%	44.53%	48.25%	44.93%	46.12%	49.35%	49.52%
Gross Profit Growth %	-7.13%	78.17%	36.93%	17.2%	51.57%	82.4%	33.72%	-1.35%	21.65%	34.79%
Operating Expenses+	1.38B	1.66B	2B	2.24B	2.98B	4.28B	9.34B	10.06B	10.82B	13.46B
OpEx % of Revenue	31.86%	31.6%	30.83%	33.23%	30.5%	26.05%	39.57%	44.35%	41.98%	38.85%
Selling, General & Admin	466M	516M	562M	750M	995M	1.45B	2.34B	2.35B	2.78B	4.14B
SG&A % of Revenue	10.79%	9.82%	8.68%	11.14%	10.19%	8.81%	9.9%	10.37%	10.79%	11.96%
Research & Development	1.01B	1.2B	1.43B	1.55B	1.98B	2.85B	5B	5.87B	6.46B	8.09B
R&D % of Revenue	23.34%	22.77%	22.15%	22.98%	20.31%	17.31%	21.21%	25.89%	25.04%	23.36%
Other Operating Expenses	-98M	-52M	0	-60M	0	-12M	2B	1.83B	1.59B	1.22B
Operating Income+	-373M	127M	451M	631M	1.37B	3.65B	1.26B	401M	1.9B	3.69B
Operating Margin %	-8.64%	2.42%	6.97%	9.37%	14.02%	22.2%	5.36%	1.77%	7.37%	10.66%
Operating Income Growth %	22.45%	134.05%	255.12%	39.91%	116.96%	166.47%	-65.35%	-68.28%	373.82%	94.42%
EBITDA+	-240M	271M	621M	889M	1.72B	4.11B	5.53B	3.95B	5.08B	6.7B
EBITDA Margin %	-5.56%	5.16%	9.59%	13.21%	17.65%	25.02%	23.41%	17.42%	19.69%	19.34%
EBITDA Growth %	23.57%	212.92%	129.15%	43.16%	93.81%	138.6%	34.42%	-28.48%	28.47%	31.93%
D&A (Non-Cash Add-back)	133M	144M	170M	258M	354M	463M	4.26B	3.55B	3.18B	3B
EBIT	-293M	118M	451M	466M	1.32B	3.7B	1.27B	598M	2.08B	4.27B
Net Interest Income+	-154M	-120M	-103M	-79M	-39M	-26M	-23M	100M	90M	-131M
Interest Income	2M	6M	18M	15M	8M	8M	65M	206M	182M	0
Interest Expense	156M	126M	121M	94M	47M	34M	88M	106M	92M	131M
Other Income/Expense	-86M	-142M	-123M	-259M	-89M	27M	-66M	107M	122M	470M
Pretax Income+	-459M	-15M	328M	372M	1.28B	3.67B	1.2B	508M	2.02B	4.17B
Pretax Margin %	-10.63%	-0.29%	5.07%	5.53%	13.11%	22.36%	5.08%	2.24%	7.84%	12.03%
Income Tax+	39M	18M	-9M	31M	-1.21B	513M	-122M	-346M	381M	-103M
Effective Tax Rate %	108.5%	220%	102.74%	91.67%	194.53%	86.04%	110.18%	168.11%	81.16%	104.06%
Net Income+	-498M	-33M	337M	341M	2.49B	3.16B	1.32B	854M	1.64B	4.33B
Net Margin %	-11.53%	-0.63%	5.2%	5.07%	25.5%	19.24%	5.59%	3.77%	6.36%	12.51%
Net Income Growth %	24.55%	93.37%	1121.21%	1.19%	630.21%	26.99%	-58.25%	-35.3%	92.15%	164.17%
Net Income (Continuing)	-498M	-33M	337M	341M	2.49B	3.16B	1.32B	854M	1.64B	4.27B
Discontinued Operations	0	0	0	0	0	0	0	0	0	66M
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.60	-0.03	0.32	0.30	2.06	2.57	0.84	0.53	1.00	2.65
EPS Growth %	28.57%	95%	1166.67%	-6.25%	586.67%	24.76%	-67.32%	-36.9%	88.68%	165%
EPS (Basic)	-0.60	-0.03	0.34	0.31	2.10	2.61	0.85	0.53	1.01	2.67
Diluted Shares Outstanding	835M	1.04B	1.06B	1.12B	1.21B	1.23B	1.57B	1.63B	1.64B	1.64B
Basic Shares Outstanding	835M	952M	982M	1.09B	1.18B	1.21B	1.56B	1.61B	1.62B	1.62B
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Current Assets+	2.53B	2.63B	3.54B	4.6B	6.14B	8.58B	15.02B	16.77B	19.05B	26.95B
Cash & Short-Term Investments	1.26B	1.19B	1.16B	1.5B	2.29B	3.61B	5.86B	5.77B	5.13B	10.55B
Cash Only	1.26B	1.19B	1.08B	1.47B	1.59B	2.54B	4.83B	3.93B	3.79B	5.54B
Short-Term Investments	0	0	78M	37M	695M	1.07B	1.02B	1.84B	1.34B	5.01B
Accounts Receivable	343M	487M	1.27B	1.88B	2.08B	2.71B	4.13B	5.38B	6.93B	6.32B
Days Sales Outstanding	28.99	33.84	71.53	101.89	77.61	60.14	63.84	86.66	98.14	66.54
Inventory	751M	694M	845M	982M	1.4B	1.96B	3.77B	4.35B	5.73B	7.92B
Days Inventory Outstanding	82.66	73.08	76.57	92.79	94.28	83.9	105.89	129.96	160.25	165.31
Other Current Assets	140M	235M	236M	0	0	0	1.26B	1.26B	1.25B	2.16B
Total Non-Current Assets+	791M	918M	1.02B	1.43B	2.82B	3.84B	52.56B	51.12B	50.18B	49.98B
Property, Plant & Equipment	164M	261M	348M	705M	849M	1.07B	1.97B	2.22B	2.42B	2.31B
Fixed Asset Turnover	26.34x	20.13x	18.61x	9.55x	11.50x	15.37x	11.96x	10.21x	10.63x	14.98x
Goodwill	289M	289M	289M	289M	289M	289M	24.18B	24.26B	24.84B	25.13B
Intangible Assets	234M	239M	226M	210M	229M	323M	24.12B	21.36B	18.93B	16.7B
Long-Term Investments	59M	58M	58M	58M	63M	69M	83M	99M	149M	0
Other Non-Current Assets	45M	71M	95M	147M	144M	1.16B	2.15B	2.81B	3.15B	5.45B
Total Assets+	3.32B	3.55B	4.56B	6.03B	8.96B	12.42B	67.58B	67.89B	69.23B	76.93B
Asset Turnover	1.30x	1.48x	1.42x	1.12x	1.09x	1.32x	0.35x	0.33x	0.37x	0.45x
Asset Growth %	7.68%	6.96%	28.27%	32.31%	48.67%	38.57%	444.17%	0.45%	1.98%	11.12%
Total Current Liabilities+	1.35B	1.51B	1.98B	2.36B	2.42B	4.24B	6.37B	6.69B	7.28B	9.46B
Accounts Payable	440M	384M	834M	988M	468M	1.32B	2.49B	2.06B	1.99B	2.93B
Days Payables Outstanding	48.43	40.44	75.57	93.35	31.54	56.69	70.01	61.38	55.62	61.14
Short-Term Debt	0	70M	136M	0	0	312M	0	751M	0	874M
Deferred Revenue (Current)	63M	85M	11M	2M	0	314M	859M	544M	0	0
Other Current Liabilities	185M	213M	249M	314M	588M	489M	178M	778M	1.73B	5.65B
Current Ratio	1.88x	1.74x	1.78x	1.95x	2.54x	2.02x	2.36x	2.51x	2.62x	2.85x
Quick Ratio	1.32x	1.28x	1.36x	1.53x	1.96x	1.56x	1.77x	1.86x	1.83x	2.01x
Cash Conversion Cycle	63.22	66.48	72.53	101.33	140.36	87.35	99.73	155.24	202.78	170.72
Total Non-Current Liabilities+	1.56B	1.44B	1.31B	842M	708M	682M	6.46B	5.3B	4.38B	4.47B
Long-Term Debt	1.44B	1.32B	1.11B	486M	330M	1M	2.47B	1.72B	1.72B	2.97B
Capital Lease Obligations	0	0	0	199M	201M	348M	396M	535M	491M	625M
Deferred Tax Liabilities	0	0	0	0	0	12M	1.93B	1.2B	349M	313M
Other Non-Current Liabilities	124M	118M	192M	157M	177M	321M	1.66B	1.85B	1.82B	561M
Total Liabilities	2.9B	2.96B	3.29B	3.2B	3.13B	4.92B	12.83B	11.99B	11.66B	13.93B
Total Debt+	1.44B	1.4B	1.25B	728M	531M	661M	2.86B	3B	2.21B	4.47B
Net Debt	171M	210M	172M	-738M	-1.06B	-1.87B	-1.97B	-930M	-1.57B	-1.07B
Debt / Equity	3.45x	2.34x	0.99x	0.26x	0.09x	0.09x	0.05x	0.05x	0.04x	0.07x
Debt / EBITDA	-	5.15x	2.01x	0.82x	0.31x	0.16x	0.52x	0.76x	0.44x	0.67x
Net Debt / EBITDA	-	0.77x	0.28x	-0.83x	-0.62x	-0.46x	-0.36x	-0.24x	-0.31x	-0.16x
Interest Coverage	-2.39x	1.01x	3.73x	6.71x	29.13x	107.29x	14.36x	3.78x	20.65x	28.20x
Total Equity+	416M	596M	1.27B	2.83B	5.84B	7.5B	54.75B	55.89B	57.57B	63B
Equity Growth %	200.97%	43.27%	112.42%	123.3%	106.47%	28.44%	630.29%	2.09%	3%	9.43%
Book Value per Share	0.50	0.57	1.19	2.52	4.84	6.10	34.85	34.40	35.17	38.51
Total Shareholders' Equity	416M	596M	1.27B	2.83B	5.84B	7.5B	54.75B	55.89B	57.57B	63B
Common Stock	9M	9M	10M	12M	12M	12M	16M	17M	17M	17M
Retained Earnings	-7.8B	-7.78B	-7.44B	-7.09B	-4.61B	-1.45B	-131M	723M	2.36B	6.7B
Treasury Stock	-119M	-108M	-50M	-53M	-131M	-2.13B	-3.1B	-4.51B	-6.11B	-7.08B
Accumulated OCI	-5M	6M	-8M	0	17M	-3M	-41M	-10M	-69M	-3M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from Operations+	90M	68M	34M	493M	1.07B	3.52B	3.56B	1.67B	3.04B	7.71B
Operating CF Margin %	2.08%	1.29%	0.53%	7.32%	10.97%	21.43%	15.11%	7.35%	11.79%	22.26%
Operating CF Growth %	137.97%	-24.44%	-50%	1350%	117.24%	228.76%	1.25%	-53.24%	82.42%	153.5%
Net Income	-497M	43M	337M	341M	2.49B	3.16B	1.32B	854M	1.64B	4.27B
Depreciation & Amortization	133M	144M	170M	258M	354M	463M	4.26B	3.55B	3.18B	3B
Stock-Based Compensation	86M	97M	137M	197M	274M	379M	1.08B	1.38B	1.41B	1.64B
Deferred Taxes	11M	9M	-4M	-4M	-1.22B	308M	-1.5B	-1.02B	-1.16B	248M
Other Non-Cash Items	177M	39M	121M	243M	107M	-17M	253M	-54M	77M	928M
Working Capital Changes	180M	-264M	-727M	-542M	-931M	-774M	-1.85B	-3.05B	-2.1B	-2.38B
Change in Receivables	222M	-89M	-806M	-623M	-209M	-640M	-1.09B	-1.25B	-1.86B	-121M
Change in Inventory	-73M	12M	-151M	-137M	-417M	-556M	-1.4B	-580M	-1.46B	-2.19B
Change in Payables	58M	-75M	207M	373M	-513M	801M	931M	-419M	-109M	410M
Cash from Investing+	277M	-114M	-170M	-149M	-952M	-686M	2B	-1.42B	-1.1B	-5.53B
Capital Expenditures	-77M	-113M	-163M	-217M	-294M	-301M	-450M	-546M	-636M	-974M
CapEx % of Revenue	1.78%	2.15%	2.52%	3.22%	3.01%	1.83%	1.91%	2.41%	2.47%	2.81%
Acquisitions	0	1M	0	0	-27M	0	822M	-131M	-565M	-1.76B
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	2M	-2M	71M	27M	27M	-7M	-16M	-11M	-98M	1.33B
Cash from Financing+	122M	-33M	28M	43M	6M	-1.9B	-3.26B	-1.15B	-2.06B	-431M
Debt Issued (Net)	-561M	-40M	-41M	-473M	0	0	679M	0	-750M	1.49B
Equity Issued (Net)	1000K	0	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	-6M	-6M	-78M	-2B	-4.11B	-1.41B	-1.59B	-1.32B
Other Financing	16M	7M	75M	522M	84M	104M	165M	266M	278M	-891M
Net Change in Cash	479M	-79M	-108M	387M	125M	940M	2.3B	-902M	-122M	1.86B
Free Cash Flow+	13M	-45M	-129M	276M	777M	3.22B	3.12B	1.12B	2.4B	6.74B
FCF Margin %	0.3%	-0.86%	-1.99%	4.1%	7.96%	19.59%	13.2%	4.94%	9.33%	19.44%
FCF Growth %	103.9%	-446.15%	-186.67%	313.95%	181.52%	314.41%	-3.26%	-64.01%	114.54%	180.04%
FCF per Share	0.02	-0.04	-0.12	0.25	0.64	2.62	1.98	0.69	1.47	4.12
FCF Conversion (FCF/Net Income)	-0.18x	-2.06x	0.10x	1.45x	0.43x	1.11x	2.70x	1.95x	1.85x	1.78x
Interest Paid	149M	88M	0	0	31M	25M	85M	84M	72M	0
Taxes Paid	20M	20M	0	0	8M	35M	685M	523M	1.39B	0

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-24900%	-6.52%	36.2%	16.66%	57.48%	47.43%	4.24%	1.54%	2.89%	7.19%
Return on Invested Capital (ROIC)	-34.39%	13.68%	30.15%	26.84%	29.93%	52.64%	3.25%	0.56%	2.57%	4.7%
Gross Margin	23.22%	34.02%	37.79%	42.61%	44.53%	48.25%	44.93%	46.12%	49.35%	49.52%
Net Margin	-11.53%	-0.63%	5.2%	5.07%	25.5%	19.24%	5.59%	3.77%	6.36%	12.51%
Debt / Equity	3.45x	2.34x	0.99x	0.26x	0.09x	0.09x	0.05x	0.05x	0.04x	0.07x
Interest Coverage	-2.39x	1.01x	3.73x	6.71x	29.13x	107.29x	14.36x	3.78x	20.65x	28.20x
FCF Conversion	-0.18x	-2.06x	0.10x	1.45x	0.43x	1.11x	2.70x	1.95x	1.85x	1.78x
Revenue Growth	8.22%	21.63%	23.26%	3.95%	45.05%	68.33%	43.61%	-3.9%	13.69%	34.34%

Advanced Micro Devices, Inc. (AMD) 10-Year Financial Performance & Capital Metrics

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Advanced Micro Devices, Inc. (AMD) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare AMD vs Peers

vs NVDA

vs INTC

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