ADVANCED MICRO DEVICES INC AMD
AMD drives innovation in high performance and AI computing to solve the world's most important challenges. AMD technology powers billions of experiences across cloud and AI infrastructure, embedded systems, AI PCs and gaming. With a broad portfolio of AI-optimized CPUs, GPUs, networking and software, AMD delivers full-stack solutions that help customers turn data into breakthroughs, with the speed and scale needed for a new era of intelligent computing. Our high-performance product portfolios provide differentiated solutions, including semi-custom System-on-Chip (SoCs), adaptive SoCs and accelerated processing units (APUs). For data centers, we offer AI accelerators, microprocessors (CPUs), graphic processing units (GPUs), data processing units (DPUs), AI Network Interface Cards (AI NICs) and field programmable gate arrays (FPGAs). We offer ultra-low latency networking solutions. We also offer data center rack-scale platform designs that incorporate AMD data center products to meet the growing performance demands of AI supercomputers and machine learning workloads. In client computing, our CPUs, APUs and chipsets for desktops and notebooks deliver performance, efficiency, AI capabilities and modern security features for gamers, creators, consumers and enterprises. AMD was the first company to integrate a dedicated neural processing unit (NPU) on the same SoC as an x86 CPU for AI PCs. By bringing NPU‑accelerated AI capabilities directly into mainstream x86 platforms, we established a differentiated technology footprint that supports a growing ecosystem of AI‑enabled applications and lays the groundwork for the multi‑generation Ryzen™ AI roadmap that continues to expand our leadership. Our GPUs, including discrete GPUs and semi-custom SoCs, are combined with software to power immersive gaming experiences across PCs, game consoles and cloud gaming services. Our embedded computing portfolio delivers high-performance, scalable solutions across CPUs, APUs, FPGAs, System-on-Modules (SOMs) and adaptive SoCs for markets such as automotive, industrial, healthcare, storage and networking with integrated AI processing capabilities.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.64B | $25.79B | $22.68B | $23.60B | $16.43B | $9.76B | $6.73B | $6.47B | $5.25B | $4.32B |
| Cost of revenue | $17.49B | $13.06B | $12.22B | $13.00B | $8.51B | $5.42B | $3.86B | $4.03B | $3.47B | $3.32B |
| Gross profit | $17.15B | $12.72B | $10.46B | $10.60B | $7.93B | $4.35B | $2.87B | $2.45B | $1.79B | $1.00B |
| R&D | $8.09B | $6.46B | $5.87B | $5.00B | $2.85B | $1.98B | $1.55B | $1.43B | $1.20B | $1.01B |
| SG&A | $4.14B | $2.73B | $2.32B | $2.34B | $1.45B | $995.0M | $750.0M | $562.0M | $516.0M | $466.0M |
| Total operating expenses | $13.46B | $10.82B | $10.06B | — | — | — | — | — | — | — |
| Operating income | $3.69B | $1.90B | $401.0M | $1.26B | $3.65B | $1.37B | $631.0M | $451.0M | $127.0M | -$373.0M |
| Interest expense | $131.0M | $92.0M | $106.0M | $88.0M | $34.0M | $47.0M | $94.0M | $121.0M | $126.0M | $156.0M |
| Pre-tax income | $4.17B | $2.02B | $508.0M | $1.20B | $3.67B | $1.28B | $372.0M | $328.0M | -$15.0M | -$459.0M |
| Income tax | $103.0M | $381.0M | $346.0M | $122.0M | $513.0M | $1.21B | $31.0M | $9.0M | $18.0M | $39.0M |
| Net income | $4.33B | $1.64B | $854.0M | $1.32B | $3.16B | $2.49B | $341.0M | $337.0M | -$33.0M | -$498.0M |
| EPS, basic | 2.67 | 1.01 | 0.53 | 0.85 | 2.61 | 2.10 | 0.31 | 0.34 | -0.03 | -0.60 |
| EPS, diluted | 2.65 | 1.00 | 0.53 | 0.84 | 2.57 | 2.06 | 0.30 | 0.32 | -0.03 | -0.60 |
| Shares, diluted (wtd. avg.) | $1.64B | $1.64B | $1.62B | $1.57B | $1.23B | $1.21B | $1.12B | $1.06B | $952.0M | $835.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $5.54B | $3.79B | $3.93B | $4.83B | $2.54B | $1.59B | $1.47B | $1.08B | $1.19B | $1.27B |
| Short-term investments | $5.01B | $1.34B | $1.84B | $1.02B | $1.07B | $695.0M | $37.0M | $78.0M | $0 | — |
| Receivables | $6.32B | $6.19B | $4.32B | $4.13B | $2.71B | $2.07B | $1.86B | $1.24B | $454.0M | $372.0M |
| Inventory | $7.92B | $5.73B | $4.35B | $3.77B | $1.96B | $1.40B | $982.0M | $845.0M | $694.0M | $691.0M |
| Total current assets | $26.95B | $19.05B | $16.77B | $15.02B | $8.58B | $6.14B | $4.60B | $3.54B | $2.63B | $2.53B |
| Property, plant and equipment | $2.31B | $1.80B | $1.59B | $1.51B | $702.0M | $641.0M | $500.0M | $348.0M | $261.0M | $164.0M |
| Goodwill | $25.13B | $24.84B | $24.26B | $24.18B | $289.0M | $289.0M | $289.0M | $289.0M | $289.0M | $289.0M |
| Other intangibles | $16.70B | $18.93B | $21.36B | $24.12B | $0 | — | — | — | — | — |
| Total assets | $76.93B | $69.23B | $67.89B | $67.58B | $12.42B | $8.96B | $6.03B | $4.56B | $3.55B | $3.32B |
| Accounts payable | $2.93B | $2.47B | $2.06B | $2.49B | $1.32B | $468.0M | $988.0M | $834.0M | $384.0M | $440.0M |
| Short-term debt | $874.0M | $0 | $751.0M | $0 | $312.0M | $0 | $0 | $136.0M | $70.0M | — |
| Total current liabilities | $9.46B | $7.28B | $6.69B | $6.37B | $4.24B | $2.42B | $2.36B | $1.98B | $1.51B | $1.35B |
| Long-term debt | $2.35B | $1.72B | $1.72B | $2.47B | $1.0M | $330.0M | $486.0M | $1.11B | $1.32B | $1.44B |
| Retained earnings | $6.70B | $2.36B | $723.0M | -$131.0M | -$1.45B | -$4.61B | -$7.09B | -$7.44B | -$7.78B | -$7.74B |
| Total equity | $63.00B | $57.57B | $55.89B | $54.75B | $7.50B | $5.84B | $2.83B | $1.27B | $596.0M | $477.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $7.71B | $3.04B | $1.67B | $3.56B | $3.52B | $1.07B | $493.0M | $34.0M | $12.0M | $81.0M |
| Depreciation and amortisation | $521.0M | $454.0M | $441.0M | $439.0M | $296.0M | $217.0M | $142.0M | $94.0M | $144.0M | $133.0M |
| Stock-based compensation | $1.64B | $1.41B | $1.38B | $1.08B | $379.0M | $274.0M | $197.0M | $137.0M | $97.0M | $86.0M |
| Capital expenditure | $974.0M | $636.0M | $546.0M | $450.0M | $301.0M | $294.0M | $217.0M | $163.0M | $113.0M | $77.0M |
| Investing cash flow | -$5.53B | -$1.10B | -$1.42B | $2.00B | $686.0M | -$952.0M | -$149.0M | -$170.0M | -$54.0M | $277.0M |
| Financing cash flow | -$431.0M | -$2.06B | -$1.15B | -$3.26B | $1.90B | $6.0M | $43.0M | $28.0M | -$33.0M | $122.0M |
| Buybacks | $1.32B | $862.0M | $985.0M | $3.70B | $1.76B | $0 | $0 | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000002488-26-000018.
Others in SIC 3674
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| NVDA | NVIDIA CORP | $5.55T | 47.0x | 65.5% |
| AVGO | Broadcom Inc. | $1.70T | 75.0x | 23.9% |
| MU | MICRON TECHNOLOGY INC | $1.15T | 133.9x | 48.9% |
| INTC | INTEL CORP | $483.22B | — | -0.5% |
| AMAT | APPLIED MATERIALS INC /DE | $360.86B | 52.5x | 4.4% |
| TXN | TEXAS INSTRUMENTS INC | $236.02B | 47.4x | 13.0% |
| MRVL | Marvell Technology, Inc. | $196.03B | 72.8x | 42.1% |
| ADI | ANALOG DEVICES INC | $175.53B | 79.4x | 16.9% |