AMDNasdaqSemiconductors & Related DevicesFiscal year ends December 26
ADVANCED MICRO DEVICES INC
Financials through Q2 FY2026, quarter ended Jun 27, 2026Last filing: 10-Q on Aug 5, 2026
$538.05+9.30 (+1.76%)
Close on Oct 19, 2026
- Market cap
- $892.62B
- P/E (TTM)
- 138.3
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
49.5%+5.0 pts over 5 years
Operating margin
10.7%−3.4 pts over 5 years
Net margin
12.5%−13.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +34.3% | +13.6% | +28.8% | +24.1% | |
| Gross profit | +34.8% | +17.4% | +31.6% | +31.9% | |
| Operating income | +94.4% | +43.0% | +22.0% | – | |
| Net income | +164.2% | +48.6% | +11.7% | – | |
| EPS, diluted | +165.0% | +46.7% | +5.2% | – | |
| Free cash flow | +180.0% | +29.3% | +54.0% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -784.3% | 57.5% | 7.2% | |
| Return on assets | -15.6% | 33.2% | 5.9% | |
| Current ratio | 1.88 | 2.54 | 2.85 | |
| Debt to equity | 3.01 | 0.06 | 0.07 | |
| Net debt to EBITDA | -0.70× | – | – | |
| Interest coverage | -2.4× | 29.1× | 28.2× | |
| Inventory turnover | 4.8× | 4.5× | 2.6× | |
| Capex to revenue | 1.8% | 3.0% | 2.8% | |
| Diluted shares | 835M | 1.21B | 1.64B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Advanced Micro Devices generated $19.50B from operations and spent $11.53B on capital expenditure, dividends and share buybacks. 25% of that went back into the business.
Generated
$19.50B
Used
$11.53B
Capital expenditure$2.91B25%Dividends$00%Share buybacks$8.63B75%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.5%
×Asset turnover0.47×
×Equity multiplier1.21×
=Return on equity, FY20257.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 12.5% | 0.47× | 1.21× | 7.2% |
| FY2024 | 6.4% | 0.38× | 1.21× | 2.9% |
| FY2023 | 3.8% | 0.33× | 1.22× | 1.5% |
| FY2022 | 5.6% | 0.59× | 1.29× | 4.2% |
| FY2021 | 19.2% | 1.54× | 1.60× | 47.4% |
| FY2020 | 25.5% | 1.30× | 1.73× | 57.5% |
| FY2019 | 5.1% | 1.27× | 2.59× | 16.7% |
| FY2018 | 5.2% | 1.60× | 4.35× | 36.2% |
| FY2017 | -0.6% | 1.53× | 6.41× | -6.2% |
| FY2016 | -11.5% | 1.35× | 50.43× | -784.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$4.34B
- Cash generatingOperating cash flow above zero$7.71B
- Return on assets improvedROA up on the prior year2.4% → 6.3%
- Earnings backed by cashOperating cash flow above net income$7.71B vs $4.34B
- Less leverageLong-term debt to assets fell2.5% → 3.1%
- Better liquidityCurrent ratio rose2.62 → 2.85
- No dilutionShare count did not rise1.64B → 1.64B
- Gross margin improvedGross margin up on the prior year49.35% → 49.52%
- More efficientAsset turnover rose0.38 → 0.50