Is Advanced Micro Devices financially healthy?

On 26 September 2026 Advanced Micro Devices held 15.78B USD in cash and short-term investments against total debt of 8.92B USD. Its current ratio is 2.72: what falls due within a year against what turns into cash within a year. Over the last twelve months it generated 7.06B USD of free cash flow.

Is Advanced Micro Devices growing?

Advanced Micro Devices's revenue grew 28.8% a year over its last five fiscal years, from 9.76B USD in fiscal year 2020 to 34.64B USD in fiscal year 2025. Over the last twelve months it was up 41.9% on the twelve months before.

Where can I find Advanced Micro Devices's annual report (10-K)?

Advanced Micro Devices files its annual report (Form 10-K) and its quarterly reports (Form 10-Q) with the US Securities and Exchange Commission, on its EDGAR site; the figures on these pages come from them.

Advanced Micro Devices
D
Quotes are delayed by 15 minutes

AMD

Arincen ScoreBeta74/100

74/100B

553.10

USD

37.64

(7.30%)

Post Trading·576.75USD+23.65(+4.28%)

Last updated: 11 Nov, 19:59 GMT-5 · Delayed 15 min

Fair value411.61Plus+34%309Price 553.10515

Q4 FY2026 · Earnings report

EPS estimate 2.90Revenue estimate 17.06B

Q4 FY2026 · Earnings report

Tuesday 2 February

EPS estimate 2.90Revenue estimate 17.06B

Fair value411.61Plus+34%309Price 553.10515

Q4 FY2026 · Earnings report

EPS estimate 2.90Revenue estimate 17.06B

Q4 FY2026 · Earnings report

Tuesday 2 February

EPS estimate 2.90Revenue estimate 17.06B

Overview Financials Signals News Forecast Earnings Dividends Company

Advanced Micro Devices financials

Yes. Advanced Micro Devices earned 7.62B USD of net income over the last twelve months, 16.8% of its revenue. It made a profit in 21 of its 40 fiscal years since 1986. Its last loss was in fiscal year 2017.

Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.: 45.44B USD
Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.: 7.62B USD
Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.: 7.06B USD
Cash and short-term investments: 15.78B USD
Total debt: 8.92B USD
Shareholders' equityWhat is a balance sheet? The balance sheet lists what a company owns (assets), what it owes (liabilities) and what is left for its shareholders (equity) on one date.: 68.39B USD

Cash, debt and equity as of 26 Sept 2026.

Advanced Micro Devices earnings

Next earnings · Q4 FY2026

2 Feb 2027

EPS estimate

2.90 USD

Revenue estimate

17.06B USD

Last quarter · Q3 FY2026

EPS2.09Beat +7.2%Revenue13.38BBeat +2.1%

Revenue

ReportedEstimate

EPS

ReportedEstimate

Period	Report date	EPS estimate	Reported EPS	Surprise	EPS growth	Revenue estimate	Reported revenue	Surprise	Revenue growth
Q3 FY2027	—	4.82	—	—	+130.47%	25.85B	—	—	+93.23%
Q2 FY2027	—	3.99	—	—	+140.11%	22.22B	—	—	+92.59%
Q1 FY2027	—	3.32	—	—	+142.59%	19.21B	—	—	+87.32%
Q4 FY2026	2 Feb 2027	2.90	—	—	+89.54%	17.06B	—	—	+66.13%
Q3 FY2026	3 Nov 2026	1.95	2.09	+7.18%	+74.17%	13.10B	13.38B	+2.12%	+44.68%
Q2 FY2026	4 Aug 2026	1.62	1.66	+2.47%	+245.83%	11.31B	11.54B	+2.00%	+50.11%
Q1 FY2026	5 May 2026	1.29	1.37	+6.20%	+42.71%	9.90B	10.25B	+3.57%	+37.85%
Q4 FY2025	3 Feb 2026	1.32	1.53	+15.91%	+40.37%	9.67B	10.27B	+6.22%	+34.11%
Q3 FY2025	4 Nov 2025	1.17	1.20	+2.56%	+30.43%	8.76B	9.25B	+5.59%	+35.59%
Q2 FY2025	5 Aug 2025	0.48	0.48	+0.27%	-30.43%	7.41B	7.69B	+3.65%	+31.71%

Period	EPS estimate	Reported EPS	Surprise	EPS growth	Revenue estimate	Reported revenue	Surprise	Revenue growth
FY2028	25.77	—	—	+46.03%	134.43B	—	—	+40.50%
FY2027	17.65	—	—	+119.50%	95.68B	—	—	+83.60%
FY2026	8.04	—	—	+92.82%	52.12B	—	—	+50.45%
FY2025	3.96	4.17	+5.25%	+25.60%	34.09B	34.64B	+1.60%	+34.34%
FY2024	3.31	3.32	+0.15%	+25.28%	25.67B	25.79B	+0.44%	+13.69%
FY2023	2.66	2.65	-0.19%	-25.14%	22.67B	22.68B	+0.05%	-3.90%
FY2022	3.50	3.54	+1.17%	+26.43%	23.52B	23.60B	+0.34%	+43.61%

Advanced Micro Devices growth and profitability

Full income statement

Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.: 45.44B USD
Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.: 7.62B USD
Gross marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.: 53.72%
Operating margin: 17.72%
Net margin: 16.77%

Revenue / Net income

Revenue Net income Net margin

Period	Revenue	Growth	Net income	Growth	Gross margin	Operating margin	Net margin	EBITDA	Growth
FY2025	34.64B	+34.34%	4.34B	+164.17%	49.52%	10.66%	12.51%	7.28B	+38.36%
FY2024	25.79B	+13.69%	1.64B	+92.15%	49.35%	7.37%	6.36%	5.26B	+26.73%
FY2023	22.68B	-3.90%	854.00M	-35.30%	46.12%	1.77%	3.77%	4.15B	-25.03%
FY2022	23.60B	+43.61%	1.32B	-58.25%	44.93%	5.36%	5.59%	5.53B	+32.84%
FY2021	16.43B	+68.33%	3.16B	+26.99%	48.25%	22.20%	19.24%	4.17B	+148.57%

Period	Revenue	Net income	Gross margin	Operating margin	Net margin
Q3 FY2026	13.38B	2.43B	53.90%	21.17%	18.15%
Q2 FY2026	11.54B	2.30B	53.77%	17.25%	19.91%
Q1 FY2026	10.25B	1.38B	52.82%	14.40%	13.49%
Q4 FY2025	10.27B	1.51B	54.30%	17.06%	14.71%
Q3 FY2025	9.25B	1.24B	51.70%	13.74%	13.44%

How Advanced Micro Devices makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

Data Center16.64B 48.0%

Client10.64B 30.7%

Gaming3.91B 11.3%

Embedded3.45B 10.0%

Revenue34.64B 100.0%

Cost of revenue17.49B 50.5%

Gross profit17.15B 49.5%

Research and development8.09B 23.4%

Selling and administration4.14B 12.0%

Other operating expenses1.22B 3.5%

Operating income3.69B 10.7%

Net income4.34B 12.5%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Advanced Micro Devices revenue breakdown

By product

FY2025

48.0%Data Center30.7%Client11.3%Gaming10.0%Embedded

Segment	Revenue	Share of revenue	Change on the year
Data Center	16.64B	48.0%	+32.2%
Client	10.64B	30.7%	+50.8%
Gaming	3.91B	11.3%	+50.7%
Embedded	3.45B	10.0%	-2.9%

By region

FY2025

32.8%United States22.4%China17.5%Other Countries15.0%Taiwan12.4%Singapore

Region	Revenue	Share of revenue	Change on the year
United States	11.36B	32.8%	+30.7%
China	7.75B	22.4%	+24.4%
Other Countries	6.06B	17.5%	+993.0%
Taiwan	5.19B	15.0%	+57.1%
Singapore	4.28B	12.4%	+18.5%

Operating and free cash flow

Full cash flow statement

Operating cash flow Free cash flow

Fiscal year	Operating cash flow	Free cash flow
FY2025	7.71B	6.74B
FY2024	3.04B	2.41B
FY2023	1.67B	1.12B
FY2022	3.57B	3.12B
FY2021	3.52B	3.22B
FY2020	1.07B	777.00M
FY2019	493.00M	276.00M
FY2018	34.00M	-129.00M
FY2017	68.00M	-45.00M
FY2016	90.00M	13.00M

Advanced Micro Devices financial health

Full balance sheet

Cash and short-term investments: 15.78B USD
Total debt: 8.92B USD
Net cash: 6.86B USD
Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.: 7.06B USD
Current ratioWhat is the current ratio? The current ratio is current assets divided by current liabilities: whether what a company will turn into cash within a year covers what it owes within a year.: 2.72
Debt to equityWhat is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.: 0.13
Piotroski scoreWhat is the Piotroski F-Score? The Piotroski F-Score rates a company's financial strength from 0 to 9: one point for each of nine tests of profit, debt and efficiency it passes.: 7 / 9
Altman Z-scoreWhat is the Altman Z-Score? The Altman Z-Score rolls five financial ratios into one number that signals a company's risk of bankruptcy: over 3 is safe, under 1.8 is distress.: 17.83

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow

Fiscal year	Cash and short-term investments	Total debt	Free cash flow
FY2025	10.55B	4.47B	6.74B
FY2024	5.13B	2.21B	2.41B
FY2023	5.77B	3.00B	1.12B
FY2022	5.86B	2.86B	3.12B
FY2021	3.61B	661.00M	3.22B

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity

Fiscal year	Total assets	Total liabilities	Shareholders' equity
FY2025	76.93B	13.93B	63.00B
FY2024	69.23B	11.66B	57.57B
FY2023	67.89B	11.99B	55.89B
FY2022	67.58B	12.83B	54.75B
FY2021	12.42B	4.92B	7.50B
FY2020	8.96B	3.13B	5.84B
FY2019	6.03B	3.20B	2.83B
FY2018	4.56B	3.29B	1.27B
FY2017	3.55B	2.96B	596.00M
FY2016	3.32B	2.91B	416.00M

Advanced Micro Devices valuation

Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.: 118.69
Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.: 68.79
Price to sales (TTM)What is the P/S ratio? The price-to-sales ratio compares a company's market value with its revenue over the last year: what you pay for each dollar of sales.: 19.97
Price to bookWhat is the P/B ratio? The price-to-book ratio compares a company's market value with its book value, the shareholders' equity on its balance sheet.: 13.26
EV / EBITDA (TTM)What is EV/EBITDA? EV/EBITDA compares a company's whole value, debt included and cash taken off, with a year of its earnings before interest, tax and depreciation.: 79.53

Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.

Market capitalization

907.13B USD

Total debt

8.92B USD

−

Cash and short-term investments

15.78B USD

Enterprise value

900.27B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate

Fiscal year	P/E	Forward P/E	P/S	P/B	EV/EBITDA
FY2028 (est.)	21.46	—	—	—	—
FY2027 (est.)	31.34	21.46	—	—	—
FY2026 (est.)	68.79	31.34	—	—	—
Now (TTM)	118.69	33.59	19.97	13.26	79.53
FY2025	80.52	26.77	10.08	5.54	47.85
FY2024	123.95	31.63	7.87	3.52	38.27
FY2023	278.13	44.50	10.49	4.26	57.12
FY2022	76.20	24.37	4.28	1.85	17.91
FY2021	55.99	41.80	10.79	23.65	42.10

Advanced Micro Devices against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Micron Technology, Broadcom, Intel, Applied Materials, Lam Research, and Texas Instruments, the US Semiconductors companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

P/E (today)Above its median118.7
23.21,506.3
Gross marginHighest in 5 years49.5%
44.9%49.5%
Against its peers: 5 of 7Peers' median 53.7%
Operating marginAbove its median10.7%
1.8%22.2%
Against its peers: 6 of 7Peers' median 34.7%
Net marginAbove its median12.5%
3.8%19.2%
Against its peers: 6 of 7Peers' median 29.8%
Return on equityAbove its median6.9%
1.5%42.2%
Against its peers: 6 of 7Peers' median 32.5%
Free cash flow marginAbove its median19.4%
4.9%19.6%
Against its peers: 5 of 7Peers' median 20.6%
Revenue growthAt its median34.3%
-3.9%68.3%
Against its peers: 2 of 7Peers' median 18.5%
EPS growthHighest in 5 years165.0%
-67.3%165.0%
Against its peers: 3 of 6Peers' median 38.8%
Debt to EBITDAAbove its median0.61×
0.16×0.72×
Against its peers: 3 of 7Peers' median 1.29×
Current ratioHighest in 5 years2.85
2.022.85
Against its peers: 3 of 7Peers' median 2.62

Figure	FY2025	5-year low – high	Against its history	Against its peers
P/E (today)	118.7	23.21,506.3	Above its median	—
Gross margin	49.5%	44.9%49.5%	Highest in 5 years	5 of 7
Operating margin	10.7%	1.8%22.2%	Above its median	6 of 7
Net margin	12.5%	3.8%19.2%	Above its median	6 of 7
Return on equity	6.9%	1.5%42.2%	Above its median	6 of 7
Free cash flow margin	19.4%	4.9%19.6%	Above its median	5 of 7
Revenue growth	34.3%	-3.9%68.3%	At its median	2 of 7
EPS growth	165.0%	-67.3%165.0%	Highest in 5 years	3 of 6
Debt to EBITDA	0.61×	0.16×0.72×	Above its median	3 of 7
Current ratio	2.85	2.022.85	Highest in 5 years	3 of 7

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Advanced Micro Devices dividends

Frequency: Annual
Last payment: 0.01 USD
Last ex-dividend dateWhat is the ex-dividend date? The ex-dividend date is the first day a stock trades without its next dividend: buy before it to receive the payment; buy on or after it and the seller gets it.: 27 Apr 1995
Last payment date: 24 May 1995

Dividends per share

Year	1995
Dividends per share	0.01

Advanced Micro Devices ownership

InstitutionsWhat is institutional ownership? Institutional ownership is the share of a company's stock held by funds, banks and other investment managers, as they report it each quarter on Form 13F.: 72.65%
Institutional holders: 4,227 (+838)
Free floatWhat is free float? Free float is the part of a company's shares that anyone can buy and sell: all its shares minus those held by insiders, founders and owners of over 5%.: 99.45%

Who owns the shares

Institutions 72.7% Others 27.3%

As of 30 Jun 2026

Shares free to trade

Free float 1.63B shares ·99.5% Closely held 8.94M shares ·0.5%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

Quarter	Sales	Shares acquired	Shares disposed of
Q3 2026	78	1.18M	1.70M
Q2 2026	67	47.17K	460.90K
Q1 2026	34	947.18K	1.17M
Q4 2025	40	141.48K	388.38K

Shares outstanding

Basic shares Diluted shares Change in diluted shares

Fiscal year	Basic shares	Diluted shares	Change in diluted shares
FY2025	1.62B	1.64B	-0.06%
FY2024	1.62B	1.64B	+0.74%
FY2023	1.61B	1.63B	+3.44%
FY2022	1.56B	1.57B	+27.83%
FY2021	1.21B	1.23B	+1.82%

Common questions about Advanced Micro Devices's financials

Source: Financial Modeling PrepVerified against SEC filings

Advanced Micro Devices
D
Quotes are delayed by 15 minutes

AMD

Advanced Micro Devices financials

Advanced Micro Devices earnings

Revenue

EPS

Advanced Micro Devices growth and profitability

Revenue / Net income

How Advanced Micro Devices makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

Advanced Micro Devices revenue breakdown

By product

By region

Operating and free cash flow

Advanced Micro Devices financial health

Cash, debt and free cash flow

Assets, liabilities and equity

Advanced Micro Devices valuation

Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.

Valuation over time

Advanced Micro Devices against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.

Advanced Micro Devices dividends

Dividends per share

Advanced Micro Devices ownership

Who owns the shares

Shares free to trade

Insider trading

Shares outstanding

Common questions about Advanced Micro Devices's financials

Is Advanced Micro Devices profitable?

Is Advanced Micro Devices financially healthy?

Is Advanced Micro Devices growing?

Where can I find Advanced Micro Devices's annual report (10-K)?

Need help?

Advanced Micro Devices DQuotes are delayed by 15 minutes

AMD

Advanced Micro Devices financials

Advanced Micro Devices earnings

Revenue

EPS

Advanced Micro Devices growth and profitability

Revenue / Net income

How Advanced Micro Devices makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

Advanced Micro Devices revenue breakdown

By product

By region

Operating and free cash flow

Advanced Micro Devices financial health

Cash, debt and free cash flow

Assets, liabilities and equity

Advanced Micro Devices valuation

Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.

Valuation over time

Advanced Micro Devices against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.

Advanced Micro Devices dividends

Dividends per share

Advanced Micro Devices ownership

Who owns the shares

Shares free to trade

Insider trading

Shares outstanding

Common questions about Advanced Micro Devices's financials

Is Advanced Micro Devices profitable?

Is Advanced Micro Devices financially healthy?

Is Advanced Micro Devices growing?

Where can I find Advanced Micro Devices's annual report (10-K)?

Need help?

Advanced Micro Devices
D
Quotes are delayed by 15 minutes