ADVANCED MICRO DEVICES INC
Business
ADVANCED MICRO DEVICES INC is a high-performance and adaptive computing company providing silicon, software and system solutions for data centers, PCs, edge and gaming applications. It offers CPUs, GPUs, AI accelerators, DPUs, FPGAs, APUs, Adaptive SoCs, semi-custom SoCs, SmartNICs, chipsets, development tools and software stacks (e.g., ROCm, Vitis, Vivado). Its reportable segments comprise Data Center, Client, Gaming and Embedded products, alongside customized design and development services. AMD sells globally through direct sales, OEMs, ODMs, system integrators, add-in-board manufacturers, distributors and other channel partners.
Summary from filing dated 2025-02-05
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net revenue | 34,639 | 25,785 | 22,680 | 23,601 | 16,434 | |
| Cost of sales | 16,456 | 12,114 | 11,278 | 11,550 | 8,505 | |
| Amortization of acquisition-related intangibles- COGS | 1,031 | 946 | 942 | — | — | |
| Total cost of sales | 17,487 | 13,060 | 12,220 | 12,998 | 8,505 | |
| Gross profit | 17,152 | 12,725 | 10,460 | 10,603 | 7,929 | |
| Research and development | 8,091 | 6,456 | 5,872 | 5,005 | 2,845 | |
| Marketing, general and administrative | 4,144 | 2,735 | 2,318 | 2,336 | 1,448 | |
| Amortization of acquisition-related intangibles | 1,223 | 1,448 | 1,869 | 2,100 | 0 | |
| Restructuring charges | 0 | 186 | 0 | 0 | — | |
| Total operating expenses | 13,458 | 10,825 | 10,059 | — | — | |
| Operating income | 3,694 | 1,900 | 401 | 1,264 | 3,648 | |
| Interest expense | −131 | −92 | −106 | −88 | −34 | |
| Other income (expense), net | 577 | 181 | 197 | 8 | 55 | |
| Income from continuing operations before income taxes and equity income | 4,140 | 1,989 | 492 | 1,184 | 3,669 | |
| Income tax provision (benefit) | −103 | 381 | −346 | −122 | 513 | |
| Equity income in investee | 26 | 33 | 16 | 14 | 6 | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | 4,269 | 1,641 | 854 | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 66 | 0 | 0 | — | — | |
| Net income | 4,335 | 1,641 | 854 | 1,320 | 3,162 | |
| Income (Loss) from Continuing Operations, Per Basic Share | 2.63 | 1.01 | 0.53 | — | — | |
| Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share | 0.04 | 0 | 0 | — | — | |
| Basic (in usd per share) | 2.67 | 1.01 | 0.53 | 0.85 | 2.61 | |
| Income (Loss) from Continuing Operations, Per Diluted Share | 2.61 | 1 | 0.53 | — | — | |
| Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share | 0.04 | 0 | 0 | — | — | |
| Diluted (in usd per share) | 2.65 | 1 | 0.53 | 0.84 | 2.57 | |
| Basic (in shares) | 1,624 | 1,620 | 1,614 | 1,561 | 1,213 | |
| Diluted (in shares) | 1,636 | 1,637 | 1,625 | 1,571 | 1,229 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 5,539 | 3,787 | 3,933 | 4,835 | 2,535 | |
| Short-term investments | 5,013 | 1,345 | 1,840 | 1,020 | 1,073 | |
| Accounts receivable, net | 6,315 | 6,192 | 4,323 | 4,126 | 2,706 | |
| Inventories | 7,920 | 5,734 | 4,351 | 3,771 | 1,955 | |
| Prepaid expenses and other current assets | 2,160 | 1,991 | 2,312 | 1,265 | 312 | |
| Total current assets | 26,947 | 19,049 | 16,768 | 15,019 | 8,583 | |
| Property and equipment, net | 2,312 | 1,802 | 1,589 | 1,513 | 702 | |
| Goodwill | 25,126 | 24,839 | 24,262 | 24,177 | 289 | |
| Acquisition-related intangibles, net | 16,705 | 18,930 | 21,363 | 24,118 | 0 | |
| Deferred tax assets, net | 384 | 688 | 366 | 58 | 931 | |
| Other non-current assets | 5,452 | 3,918 | 2,805 | 2,152 | 1,478 | |
| Total assets | 76,926 | 69,226 | 67,885 | 67,580 | 12,419 | |
| Accounts payable | 2,929 | 2,466 | 2,055 | 2,493 | 1,321 | |
| Accrued liabilities | 5,250 | 4,260 | 3,082 | 3,077 | 2,424 | |
| Current portion of long-term debt, net | 874 | 0 | 751 | 0 | 312 | |
| Other current liabilities | 402 | 555 | 438 | 336 | 98 | |
| Total current liabilities | 9,455 | 7,281 | 6,689 | 6,369 | 4,240 | |
| Long-term debt, net of current portion | 2,348 | 1,721 | 1,717 | 2,467 | 1 | |
| Long-term operating lease liabilities | 625 | 491 | 535 | 396 | 348 | |
| Deferred tax liabilities | 313 | 349 | 1,202 | 1,934 | 12 | |
| Other long-term liabilities | 1,186 | 1,816 | 1,850 | 1,664 | 321 | |
| Commitments and contingencies (see Note 12) | — | — | — | — | — | |
| Common Stock, Value, Issued | 17 | 17 | 17 | 16 | 12 | |
| Additional paid-in capital | 63,365 | 61,362 | 59,676 | 58,005 | 11,069 | |
| Treasury Stock, Value | −7,079 | −6,106 | −4,514 | −3,099 | −2,130 | |
| Retained earnings | 6,699 | 2,364 | 723 | −131 | −1,451 | |
| Accumulated other comprehensive loss | −3 | −69 | −10 | −41 | −3 | |
| Total stockholders equity | 62,999 | 57,568 | 55,892 | 54,750 | 7,497 | |
| Total liabilities and stockholders equity | 76,926 | 69,226 | 67,885 | 67,580 | 12,419 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Income from discontinued operations, net of tax | −66 | 0 | 0 | — | — | |
| Depreciation and amortization | 750 | 671 | 642 | 626 | 407 | |
| Amortization | 2,254 | 2,393 | 2,811 | 3,548 | — | |
| Stock-based compensation | 1,638 | 1,407 | 1,384 | 1,081 | 379 | |
| (Gains) losses on long-term investments, net | −341 | 0 | −1 | — | — | |
| Deferred income taxes | 248 | −1,163 | −1,019 | −1,505 | 308 | |
| Inventory loss at (recovery from) contract manufacturer | −67 | 65 | 0 | — | — | |
| Other | 120 | 125 | 45 | 64 | −2 | |
| Accounts receivable, net | −121 | −1,865 | −1,339 | −278 | −640 | |
| Inventories | −2,189 | −1,458 | −580 | −1,401 | −556 | |
| Prepaid expenses and other assets | −11 | 339 | −390 | −2,010 | −920 | |
| Accounts payable | 410 | 3 | −519 | 931 | 801 | |
| Accrued and other liabilities | −467 | 883 | −221 | 546 | 526 | |
| Cash Provided by (Used in) Operating Activity, Continuing Operation | 6,493 | 3,041 | 1,667 | — | — | |
| Cash Provided by (Used in) Operating Activity, Discontinued Operation | 1,216 | 0 | 0 | — | — | |
| Cash Provided by (Used in) Operating Activity, Including Discontinued Operation, Total | 7,709 | 3,041 | 1,667 | 3,565 | 3,521 | |
| Purchases of property and equipment | −974 | −636 | −546 | −450 | −301 | |
| Purchases of short-term investments | −5,470 | −1,493 | −3,722 | −2,667 | −2,056 | |
| Proceeds from Maturities, Prepayments and Calls of Short-Term Investments | 1,765 | 1,416 | 2,687 | 4,310 | 1,678 | |
| Proceeds from Sale of Short-Term Investments | 80 | 616 | 300 | 0 | 0 | |
| Acquisitions, net of cash acquired, all others | −1,760 | −548 | −131 | −1,544 | 0 | |
| Related party loan and equity method investment | 0 | −117 | 0 | 0 | — | |
| Purchases of long-term investments | −502 | −341 | −11 | −5 | — | |
| Other | 10 | 2 | 0 | −11 | −7 | |
| Cash Provided by (Used in) Investing Activity, Continuing Operation | −6,851 | −1,101 | −1,423 | — | — | |
| Proceeds from Divestiture of Businesses, Net of Cash Divested | 1,400 | 0 | 0 | — | — | |
| Payments for (Proceeds from) Productive Assets | −38 | 0 | 0 | — | — | |
| Cash Provided by (Used in) Investing Activity, Discontinued Operation | 1,318 | 0 | 0 | — | — | |
| Net cash used in investing activities | −5,533 | −1,101 | −1,423 | 1,999 | −686 | |
| Proceeds from debt and commercial paper issuance, net of issuance costs | 2,441 | 0 | 0 | 991 | 0 | |
| Repayment of debt and commercial paper | −950 | −750 | 0 | −312 | 0 | |
| Proceeds from sales of common stock through employee equity plans | 285 | 279 | 268 | 167 | 104 | |
| Repurchases of common stock | −1,316 | −862 | −985 | −3,702 | −1,762 | |
| Settlement of contingent consideration liability | −284 | 0 | 0 | — | — | |
| Other | 0 | −1 | −2 | −2 | 0 | |
| Net cash used in financing activities | −431 | −2,062 | −1,146 | −3,264 | −1,895 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 1,745 | −122 | −902 | 2,300 | 940 | |
| Interest | 91 | 72 | 84 | 85 | 25 | |
| Income taxes, net of refund | 884 | 1,386 | 523 | 685 | 35 | |
| Purchases of property and equipment, accrued but not paid | 129 | 144 | 106 | 157 | 72 | |
| Reissuance of treasury stock for acquisition | 860 | — | — | — | — | |
| Reissuance of treasury stock to settle contingent consideration liability from acquisition | 188 | — | — | — | — | |
| Non-cash consideration and earn-out receivable from divestiture | 486 | — | — | — | — | |
| Operating lease right-of-use assets acquired by assuming related liabilities | 285 | 102 | 273 | 115 | 227 |
Filings
Material Events
Insiders
Institutional Holders
Holdings (13F)
Portfolio as of 2025-12-31 · 2 positions
Top sectors
| Sector | Value | % of portfolio |
|---|---|---|
| Uncategorized | $192.68M | 100.0% |
Top holdings
| Issuer | Ticker | Shares | Value | % |
|---|---|---|---|---|
| SANMINA CORPORATION | — | 1.15M | $172.74M | 89.7% |
| ABSCI CORPORATION | — | 5.71M | $19.94M | 10.3% |
Frequently asked questions
What is ADVANCED MICRO DEVICES INC's CIK number?
ADVANCED MICRO DEVICES INC's SEC CIK number is 0000002488 (2488). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ADVANCED MICRO DEVICES INC's SEC filings?
All of ADVANCED MICRO DEVICES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did ADVANCED MICRO DEVICES INC last report earnings?
ADVANCED MICRO DEVICES INC (AMD) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000002488-26-000072). This is ADVANCED MICRO DEVICES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is ADVANCED MICRO DEVICES INC's most recent earnings 8-K?
ADVANCED MICRO DEVICES INC's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0000002488-26-000072. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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