FirmAtlas
Company handbook · AMD · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
AMD · CIK 2488 · LATEST FILING: 10-Q JUN '26 · FILED AUG 5, 2026
ADVANCED MICRO DEVICES, INC.
$528.75
−33.48 (−5.95%)
Close, Oct 16, 2026 · 52-week $188–659
Last fiscal year
ADVANCED MICRO DEVICES, INC. reported revenue of $34.6B for the year ended Dec 27, 2025 (FY25), up 34.3% from FY24. Net income was $4.3B, operating cash flow $7.7B and free cash flow $6.7B. Source: 10-K filed Feb 4, 2026.
Market cap
$861.9B
P/E
133.9
EV/EBITDA
202.7x
P/B
12.8
ROIC
6.7%
Revenue 1Y
34.3%/yr
EPS 1Y
165.0%/yr
Shares 1Y
+0.5%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOLisa T. Su
HQSanta Clara, CA
AuditorErnst & Young LLP
Employees31,000
Year endsDecember
Revenue by segment · FY25
Datacenter48%
Client And Gaming42%
Embedded10%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
54.7%
36.4%
70.6%
125.4%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$3.8B deployed
Capex
$1.6B
42.5%
Buybacks
$2.2B
57.5%
Operating cash flow over the period: $10.8B. Total debt changed by +$1.5B. R&D of $14.5B is already inside operating costs.
More cash than debt at the end of FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended Dec 27, 2025 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
25,785
34,639+34.3%
41,305
YoY
+34.3%
Gross profit
12,725
17,152+34.8%
21,976
Gross margin
49.4%
49.5%+0.2 pp
—
Operating income
1,900
3,694+94.4%
6,488
Operating margin
7.4%
10.7%+3.3 pp
—
EBITDA
2,354
4,215+79.1%
—
EBITDA margin
9.1%
12.2%+3.0 pp
—
Interest expense
92
131+42.4%
—
Interest coverage
25.59x
32.18x+6.59x
—
Net income
1,641
4,335+164.2%
6,434
YoY
+164.2%
Net margin
6.4%
12.5%+6.2 pp
—
EPS (diluted, $)
1.00
2.65+165.0%
3.90
YoY
+165.0%
Balance sheet
Total assets
69,226
76,926+11.1%
84,464
Cash & short-term investments
5,156
10,569+105.0%
—
Accounts receivable
6,192
6,315+2.0%
—
Inventory
5,734
7,920+38.1%
—
Net PP&E
1,802
2,312+28.3%
—
Other assets
50,342
49,810−1.1%
—
Total liabilities
11,658
13,927+19.5%
17,240
Accounts payable
2,466
2,929+18.8%
—
Total debt
1,721
3,222+87.2%
3,226
Other liabilities
7,471
7,776+4.1%
—
Shareholders’ equity
57,568
62,999+9.4%
67,224
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
3,041
7,709+153.5%
10,080
Net income
1,641
4,335+164.2%
—
Depreciation & amortization
454
521+14.8%
—
Stock-based compensation
1,407
1,638+16.4%
—
Working capital & other
(461)
1,215n/m
—
Cash from investing
(1,101)
(5,533)n/m
—
Capex
(636)
(974)n/m
—
Investments bought
(1,493)
(5,470)n/m
—
Investments sold / matured
616
80−87.0%
—
Other investing
412
831+101.7%
—
Cash from financing
(2,062)
(431)n/m
—
Debt repaid
(750)
(950)n/m
—
Buybacks
(862)
(1,316)n/m
—
Other financing
(450)
1,835n/m
—
Net change in cash
(122)
1,745n/m
—
Free cash flow (OCF − capex)
2,405
6,735+180.0%
8,403
Where the cash went
Operating cash flow
3,041
7,709+153.5%
10,080
Reinvested in the business
636
974+53.1%
—
% of operating cash flow
20.9%
12.6%
Capex
636
974+53.1%
1,677
R&D (memo, already in costs)
6,456
8,091+25.3%
—
Free cash flow
2,405
6,735+180.0%
8,403
YoY
+180.0%
Returned to shareholders
862
1,316+52.7%
—
% of free cash flow
35.8%
19.5%
Buybacks
862
1,316+52.7%
—
Change in total debt
—
1,501
—
Cash left over
—
6,920
—
FCF conversion (FCF ÷ net income)
146.6%
155.4%+8.8 pp
—
Owner earnings
—
2,036
—
Owner earnings margin
—
5.9%
—
Returns & ratios
ROIC (all capital)
2.8%
6.7%+3.9 pp
—
ROIC (operating)
13.7%
29.7%+16.0 pp
—
Net debt / EBITDA
−1.46x
−1.74x−0.28x
—
Debt / equity
0.03x
0.05x+0.02x
—
Cash conversion cycle (days)
179
171−8 d
—
ROE
2.9%
6.9%+4.0 pp
—
ROA
2.4%
5.6%+3.3 pp
—
ROCE
3.1%
5.5%+2.4 pp
—
NOPAT
1,542
3,694+139.6%
—
Invested capital (operating)
11,262
13,618+20.9%
—
Invested capital (all)
54,133
55,652+2.8%
—
Reinvestment rate
—
63.8%
—
Debtor days
88
67−21 d
—
Inventory days
160
165+5 d
—
Days payable
69
61−8 d
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
9,246
10,270
10,253
11,536
vs year-ago quarter
Gross profit
4,780
5,577
5,416
6,203
Gross margin
51.7%
54.3%
52.8%
53.8%
Operating income
1,270
1,752
1,476
1,990
Net income
1,243
1,511
1,383
2,297
vs year-ago quarter
Net margin
13.4%
14.7%
13.5%
19.9%
EPS (diluted, $)
0.75
0.93
0.84
1.38
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
76,891
76,926
79,642
84,464
Cash & equivalents
4,808
10,569
5,585
5,086
Total debt
3,220
3,222
3,224
3,226
Shareholders’ equity
60,790
62,999
64,462
67,224
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
2,159
2,600
2,955
2,366
Capex
258
222
389
808
Free cash flow
1,901
2,378
2,566
1,558
vs year-ago quarter