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Advanced Micro Devices Inc
F:AMD

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Advanced Micro Devices Inc
F:AMD
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Price: 538.5 EUR -0.26% Market Closed
Market Cap: €878.1B
Financial profile · Q2 FY2026

A scaling semiconductor platform with expanding margins and substantial cash generation

AMD's multi-year history shows a cyclical but expanding revenue base, meaningful operating leverage, and increasingly substantial cash generation. The model funds rising investment internally and carries liquid assets above debt, although acquisitions and employee equity have expanded the share base.

What is developing

The latest comparable results reinforce data-center-led growth and improved profitability, with record quarterly revenue and a positive operating margin. This is a meaningful development, but not yet an inflection in the financial model because the multi-year pattern already shows recovery through scale and product mix.

What matters next

Whether data-center growth continues to lift operating margin while capital spending and working-capital needs remain proportionate to revenue.

USD
Metric FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
4.3B 5.3B 6.5B 6.7B 9.8B 16.4B 23.6B 22.7B 25.8B 34.6B
(3.3B) (3.5B) (4B) (3.9B) (5.4B) (8.5B) (13B) (12.2B) (13.1B) (17.5B)
998m 1.8B 2.4B 2.9B 4.3B 7.9B 10.6B 10.5B 12.7B 17.2B
(1.5B) (1.7B) (2B) (2.3B) (3B) (4.3B) (9.4B) (10.1B) (10.7B) (13.5B)
(460m) (516m) (562m) (750m) (995m) (1.4B) (2.3B) (2.4B) (2.8B) (4.1B)
R&D
(1B) (1.2B) (1.4B) (1.5B) (2B) (2.8B) (5B) (5.9B) (6.5B) (8.1B)
0 — — — — — (2.1B) (1.9B) (1.4B) (1.2B)
(470m) 75m 451m 571m 1.4B 3.6B 1.2B 367m 2B 3.7B
(153m) (123m) (106m) (80m) (39m) 30m (85m) 99m 92m 450m
156m 126m 121m 94m 47m 34m 88m 106m 92m 131m
30m 40m (12m) (116m) (54m) 5m 102m 34m (138m) 0
145m 0 (3m) (3m) (1m) (2m) 5m (8m) (3m) (4m)
(448m) (8m) 330m 372m 1.3B 3.7B 1.2B 492m 2B 4.1B
(39m) (1.1B) 22m (44m) 1.2B (513m) 122m 346m (381m) 103m
(487m) (1.2B) 352m 328m 2.5B 3.2B 1.3B 838m 1.6B 4.2B
(10m) (7m) (2m) 0 5m 6m 14m 16m 33m 26m
(497m) (33m) 337m 341m 2.5B 3.2B 1.3B 854m 1.6B 4.3B
(0.60) (0.03) 0.33 0.29 2.06 2.57 0.84 0.53 1.00 2.64