Advanced Micro Devices, Inc.: financial statements

AMDNASDAQTechnology · Semiconductors & Related Devices

Price

$534.06

November 13, 2026Market cap $871B

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The full history: 17 fiscal years, from FY2009
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More questions to the chat on its filings
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Financial statements

Each fiscal year's income statement, balance sheet and cash flow as the company filed them, and the latest quarters.

FY2023–FY2025 fiscal years

Click a line to see it on the chart.

Revenue

Line	FY2023	FY2024	FY2025
Revenue	$22.7B	$25.8B	$34.6B
Cost of revenue	$12.2B	$13.1B	$17.5B
Gross profit	$10.5B	$12.7B	$17.2B
Operating income	$401M	$1.9B	$3.7B
Net income	$854M	$1.6B	$4.3B
Earnings per share	$0.53	$1.00	$2.65
Earnings per share, basic	$0.53	$1.01	$2.67
Margins
Gross margin	46.1%	49.4%	49.5%
Operating margin	1.8%	7.4%	10.7%
Net margin	3.8%	6.4%	12.5%

Financial statements

AMD's revenue, profits and cash flows from FY2009 to 2022, 14 more fiscal years

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By segment

Revenue and operating income by business segment or by product, as the company itself reports them in each year's 10-K. Each year from the latest filing that carries it, so a segment renamed or re-cut shows in its current form.

Segment	FY2023	FY2024	FY2025	Share FY2025
Datacenter	$6.5B	$12.6B	$16.6B	48%
Client And Gaming	$10.9B	$9.6B	$14.6B	42%
Embedded	$5.3B	$3.6B	$3.5B	10.0%

By segment

AMD's revenue by segment from FY2009 to 2022, 14 more fiscal years

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From the XBRL of 17 of the company's annual reports to the SEC (ASC 280). Amounts in dollars.

Amounts are in dollars as the company filed them in its annual reports (10-K or 20-F). Those reporting in another currency are converted at each fiscal year-end rate. Shares and earnings per share are adjusted for splits.

Debt and obligations

What the company owes beyond the loans on its balance sheet, and when it pays, from the notes to its annual report: debt maturities, leases, pension plans, goodwill by segment, and how it gets to the tax it pays.

$875M Due within 2 years$784M Leases-2.5% Effective tax rate

When the debt falls due

Dec 27, 2025

Due within 2 years

$875M

Principal of loans and bonds falling due, from the annual report dated December 27, 2025, without leases and interest. The filing

Leases

Dec 27, 2025

Operating leases

$784M

Finance leases

–

The liability is the present value of the rent still to pay, at December 27, 2025. It is not counted in the ladder's debt. The filing

Goodwill by segment

Dec 27, 2025

Total goodwill

$25.1B

The company does not state its goodwill by segment, at December 27, 2025. The filing

From the statutory to the effective tax rate, FY2025

Dec 27, 2025

Statutory rate

21.0%

Effective rate

-2.5%

-23.5 pts

The company paid -2.5% in tax on its profit, 23.5 points below the US federal rate (21.0%). Below, the reasons it gives.

Statutory rate

21.0%

Uncertain tax positions

-19.0 pts

Difference the filing does not itemize

-4.4 pts

Effective rate

-2.5%

One point is 1% of profit before tax. The lines are as the company states them in the notes to its annual report. The filing

Earnings quality

How the reported earnings were made, read from the filings. A description, not a score: our tests found no link between these measures and later share returns.

Where the change in earnings per share came from

Diluted earnings per share went from $1.00 in the fiscal year to Dec 28, 2024 to $2.65 in the year to Dec 27, 2025, a change of +$1.65.

Measured by size, 38.0% of the movement came from outside sales and operating margin: interest and other items, the tax rate, what went to others and the share count.

: +$0.45
: +$0.57
: +$0.20
: +$0.40
: +$0.03
: $0.00

Earnings per share is split as sales times operating margin, plus interest and other items, after tax, times the part that goes to the common shareholders, divided by the diluted share count. Each source's part is its average effect over every order in which the six can change, so the parts add up exactly to the change. From the annual reports; net income over the diluted count matches the earnings per share the company filed within 2%.

Receivables and inventory against sales

In the quarter to Sep 26, 2026, sales were +44.7% on the same quarter a year earlier, and receivables +48.5%. Inventory was +56.8%, against +38.1% for the cost of sales.

a year earlier 60 days: 62 days
a year earlier 147 days: 167 days

Balances at Sep 26, 2026 and Sep 27, 2025, against the sales and cost of sales of the quarter ending on each date; a fourth quarter is the fiscal year less its first nine months. Same quarter against same quarter, so the season is the same.

The allowance for doubtful accounts is not shown: the company does not tag it in its structured filings.

The tax part is not shown: a figure it needs is missing from the company's structured filings.

A reading is called out when it is above the 90th percentile of the same reading across the S&P 500, or, for a fall, below the 10th, as measured on 9 November 2026. Each part uses only the company's own filings.

The full analysis

What do Advanced Micro Devices's filings show?

These are Advanced Micro Devices's figures from its filings. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

A fair value range built from the filings
Earnings quality, debt and red flags
Insider and institutional moves
The case for and the case against

Questions about AMD's financials

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How much revenue did AMD have in FY2025?

Advanced Micro Devices had revenue of $34.6B and net income of $4.3B in fiscal FY2025, a net margin of 12.5%.

How much debt does AMD have?

On December 27, 2025 Advanced Micro Devices had total assets of $76.9B, debt of $3.2B and shareholders' equity of $63.0B.

How much free cash flow does AMD have?

In fiscal FY2025 Advanced Micro Devices had cash from operations of $7.7B and spent $974M on capital expenditure, leaving $6.7B of free cash flow.

Where are the figures from?

From Advanced Micro Devices, Inc.'s annual and quarterly reports to the SEC, read from the structured data (XBRL) it files itself.

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

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The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.