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 Aug 9, 2026, 10:13 UTC 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$34.6B	$4.3B	49.5%	10.7%	6.9%	5.6%	$6.7B	$3.2B	$5.5B
2024	$25.8B	$1.6B	49.4%	7.4%	2.9%	2.4%	$2.4B	$1.7B	$3.8B
2023	$22.7B	$854M	46.1%	1.8%	1.5%	1.3%	$1.1B	$2.5B	$3.9B
2022	$23.6B	$1.3B	44.9%	5.4%	2.4%	2.0%	$3.1B	$2.5B	$4.8B
2021	$16.4B	$3.2B	48.2%	22.2%	42.2%	25.5%	$3.2B	$313M	$2.5B
2020	$9.8B	$2.5B	44.5%	14.0%	42.7%	27.8%	$777M	$330M	$1.6B
2019	$6.7B	$341M	42.6%	9.4%	12.1%	5.7%	$276M	$486M	$1.5B
2018	$6.5B	$337M	37.8%	7.0%	26.6%	7.4%	-$129M	$1.3B	$1.1B
2017	$5.3B	-$33M	34.0%	2.4%	-5.5%	-0.9%	-$101M	$1.4B	$1.2B
2016	$4.3B	-$498M	23.2%	-8.6%	-104.4%	-15.0%	$4M	$1.4B	$1.3B
2015	—	-$660M	—	—	188.6%	-21.4%	-$322M	$2.5B	$785M
2014	—	-$403M	—	—	-215.5%	-10.7%	-$193M	$2.2B	$805M
2013	—	-$83M	—	—	-15.3%	-1.9%	-$232M	$2.0B	$869M
2012	—	-$1.2B	—	—	-219.9%	-29.6%	-$471M	$2.0B	$549M
2011	—	$491M	—	—	30.9%	9.9%	$132M	$2.1B	$869M

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Jun '26	$11.5B	$2.3B	53.8%	17.3%	3.4%	2.7%	$1.6B	$3.2B	$5.1B
Mar '26	$10.3B	$1.4B	52.8%	14.4%	2.1%	1.7%	$2.6B	$3.2B	$5.6B
Dec '25	$10.3B	$1.5B	54.3%	17.1%	2.4%	2.0%	$2.4B	$3.2B	$5.5B
Sep '25	$9.2B	$1.2B	51.7%	13.7%	2.0%	1.6%	$1.9B	$3.2B	$4.8B
Jun '25	$7.7B	$872M	39.8%	-1.7%	1.5%	1.2%	$1.7B	$3.2B	$4.4B
Mar '25	$7.4B	$709M	50.2%	10.8%	1.2%	1.0%	$727M	$3.2B	$6.0B
Dec '24	$7.7B	$482M	50.7%	11.4%	0.8%	0.7%	$1.1B	$1.7B	$3.8B
Sep '24	$6.8B	$771M	50.1%	10.6%	1.4%	1.1%	$496M	$1.7B	$3.9B
Jun '24	$5.8B	$265M	49.1%	4.6%	0.5%	0.4%	$439M	$1.7B	$4.1B
Mar '24	$5.5B	$123M	46.8%	0.7%	0.2%	0.2%	$379M	$2.5B	$4.2B
Dec '23	$6.2B	$667M	47.2%	5.5%	1.2%	1.0%	$242M	$2.5B	$3.9B
Sep '23	$5.8B	$299M	47.4%	3.9%	0.5%	0.4%	$297M	$2.5B	$3.6B
Jul '23	$5.4B	$27M	45.6%	-0.4%	0.0%	0.0%	$254M	$2.5B	$3.8B
Apr '23	$5.4B	-$139M	44.1%	-2.7%	-0.3%	-0.2%	$328M	$2.5B	$3.8B
Dec '22	$5.6B	$21M	42.9%	-2.7%	0.0%	0.0%	$443M	$2.5B	$4.8B
Sep '22	$5.6B	$66M	42.3%	-1.2%	0.1%	0.1%	$842M	$2.5B	$3.4B
Jun '22	$6.5B	$447M	46.2%	8.0%	0.8%	0.7%	$906M	$2.8B	$5.0B
Mar '22	$5.9B	$786M	47.9%	16.2%	1.4%	1.2%	$924M	$1.8B	$4.7B
Dec '21	$4.8B	$974M	50.3%	25.0%	13.0%	7.8%	$736M	$313M	$2.5B
Sep '21	$4.3B	$923M	48.4%	22.0%	12.9%	8.3%	$764M	$313M	$2.4B

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 121.2× (Mar '23) to 178.7× (Nov '26).
The price-to-sales ratio has risen from 6.8× (Mar '23) to 22.4× (Nov '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?

Advanced Micro Devices's P/E (TTM) is 120.39 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the AMD stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 178.7× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.