AMD Financials Advanced Micro Devices

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 29 h ago Overview →

Growth & profitability

Revenue has grown 28.8% per year over the past 5 years.
Net income has grown slower than revenue (11.7% vs 28.8% per year).
Operating margin has contracted, at 10.7% in the latest year.
Free cash flow has grown 54.0% per year over the past 5 years.

Financial health

The company holds more cash ($5.5B) than total debt ($3.2B).
Total debt has grown faster than revenue (57.7% vs 28.8% per year).
Operating income covered interest expense 28× in the latest year, down from 29× 5 years ago.
Total debt is 0.9× EBITDA.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$34.6B	$4.3B	49.5%	10.7%	$6.7B	$3.2B	$5.5B
2024	$25.8B	$1.6B	49.4%	7.4%	$2.4B	$1.7B	$3.8B
2023	$22.7B	$854M	46.1%	1.8%	$1.1B	$2.5B	$3.9B
2022	$23.6B	$1.3B	44.9%	5.4%	$3.1B	$2.5B	$4.8B
2021	$16.4B	$3.2B	48.2%	22.2%	$3.2B	$313M	$2.5B
2020	$9.8B	$2.5B	44.5%	14.0%	$777M	$330M	$1.6B
2019	$6.7B	$341M	42.6%	9.4%	$276M	$486M	$1.5B
2018	$6.5B	$337M	37.8%	7.0%	-$129M	$1.3B	$1.1B
2017	$5.3B	-$33M	34.0%	2.4%	-$101M	$1.4B	$1.2B
2016	$4.3B	-$498M	23.2%	-8.6%	$4M	$1.4B	$1.3B
2015	—	-$660M	—	—	-$322M	$2.5B	$785M
2014	—	-$403M	—	—	-$193M	$2.2B	$805M
2013	—	-$83M	—	—	-$232M	$2.0B	$869M
2012	—	-$1.2B	—	—	-$471M	$2.0B	$549M
2011	—	$491M	—	—	$132M	$2.1B	$869M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$10.3B	$1.4B	52.8%	14.4%	$2.6B	$3.2B	$5.6B
Dec '25	$10.3B	$1.5B	54.3%	17.1%	$2.4B	$3.2B	$5.5B
Sep '25	$9.2B	$1.2B	51.7%	13.7%	$1.9B	$3.2B	$4.8B
Jun '25	$7.7B	$872M	39.8%	-1.7%	$1.7B	$3.2B	$4.4B
Mar '25	$7.4B	$709M	50.2%	10.8%	$727M	$3.2B	$6.0B
Dec '24	$7.7B	$482M	50.7%	11.4%	$1.1B	$1.7B	$3.8B
Sep '24	$6.8B	$771M	50.1%	10.6%	$496M	$1.7B	$3.9B
Jun '24	$5.8B	$265M	49.1%	4.6%	$439M	$1.7B	$4.1B
Mar '24	$5.5B	$123M	46.8%	0.7%	$379M	$2.5B	$4.2B
Dec '23	$6.2B	$667M	47.2%	5.5%	$242M	$2.5B	$3.9B
Sep '23	$5.8B	$299M	47.4%	3.9%	$297M	$2.5B	$3.6B
Jul '23	$5.4B	$27M	45.6%	-0.4%	$254M	$2.5B	$3.8B
Apr '23	$5.4B	-$139M	44.1%	-2.7%	$328M	$2.5B	$3.8B
Dec '22	$5.6B	$21M	42.9%	-2.7%	$443M	$2.5B	$4.8B
Sep '22	$5.6B	$66M	42.3%	-1.2%	$842M	$2.5B	$3.4B
Jun '22	$6.5B	$447M	46.2%	8.0%	$906M	$2.8B	$5.0B
Mar '22	$5.9B	$786M	47.9%	16.2%	$924M	$1.8B	$4.7B
Dec '21	$4.8B	$974M	50.3%	25.0%	$736M	$313M	$2.5B
Sep '21	$4.3B	$923M	48.4%	22.0%	$764M	$313M	$2.4B
Jun '21	$3.9B	$710M	47.5%	21.6%	$888M	$313M	$2.6B

Valuation over time

How the market has priced AMD against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has risen from 121.0× (Mar '23) to 200.9× (Jun '26).
The price-to-sales ratio has risen from 6.8× (Mar '23) to 25.1× (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Frequently asked questions

Is AMD growing its revenue and profit?

Over the past 5 years, Advanced Micro Devices's revenue has grown 28.8% per year, and net income grown 11.7% per year. These are computed facts, not advice.

How much debt does AMD have?

As of FY2025, Advanced Micro Devices reported $3.2B of total debt against $5.5B of cash; operating income covered interest expense 28×.

What is AMD's profit margin?

In FY2025, gross margin was 49.5%, operating margin 10.7%, and net margin 12.5%.

What is AMD's P/E ratio?

As of Jun '26, Advanced Micro Devices traded at a price-to-earnings ratio of about 200.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.