Advanced Micro Devices, Inc. operates as a semiconductor company internationally. It operates in three segments: Data Center, Client and Gaming, and Embedded. The company offers artificial intelligence (AI) accelerators, microprocessors, and graphics processing units (GPUs) as standalone devices or as incorporated into accelerated processing units, chipsets, and data center and professional GPUs; and embedded processors and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing units, field programmable gate arrays (FPGA), system on modules, AI network interface cards, and adaptive SoC products. It provides processors under the AMD Ryzen, AMD Ryzen AI, AMD Ryzen PRO, AMD Ryzen Threadripper, AMD Ryzen Threadripper PRO, AMD Athlon, and AMD PRO A-Series brands; graphics under the AMD Radeon graphics and AMD Embedded Radeon graphics; professional graphics under the AMD Radeon Pro graphics brand; and AI and general-purpose compute infrastructure for hyperscale providers. The company offers data center graphics under the AMD Instinct accelerators and Radeon PRO V-series brands; server microprocessors under the AMD EPYC brand; low power solutions under the AMD Athlon, AMD Geode, AMD Ryzen, AMD EPYC, and AMD R-Series and G-Series brands; FPGA products under the Virtex-6, Virtex-7, Virtex UltraScale+, Kintex-7, Kintex UltraScale, Kintex UltraScale+, Artix-7, Artix UltraScale+, Spartan-6, and Spartan-7 brands; adaptive SOCs under the Zynq-7000, Zynq UltraScale+ MPSoC, Zynq UltraScale+ RFSoCs, Versal HBM, Versal Premium, Versal Prime, Versal AI Core, Versal AI Edge, Vitis, and Vivado brands; and compute and network acceleration board products under the Alveo and Pensando brands. It serves original equipment and design manufacturers, public cloud service providers, system integrators, distributors, and add-in-board manufacturers. The company was incorporated in 1969 and is headquartered in Santa Clara, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $34.6B | $7.3B | $4.3B | $6.7B | 6.9% | 34.3% | 164.2% |
| 2024 | $25.8B | $5.1B | $1.6B | $2.4B | 2.9% | 13.7% | 92.2% |
| 2023 | $22.7B | $4.1B | $854M | $1.1B | 1.5% | -3.9% | -35.3% |
| 2022 | $23.6B | $5.5B | $1.3B | $3.1B | 2.4% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 23,601 | 22,680 | 25,785 | 34,639 |
| Operating Revenue | - | 23,601 | 22,680 | 25,785 | 34,639 |
| Cost Of Revenue | - | 12,998 | 12,220 | 13,060 | 17,487 |
| Gross Profit | - | 10,603 | 10,460 | 12,725 | 17,152 |
| Operating Expense | - | 9,339 | 10,059 | 10,639 | 13,458 |
| Research And Development | - | 5,005 | 5,872 | 6,456 | 8,091 |
| Selling General And Administration | - | 2,336 | 2,318 | 2,735 | 4,144 |
| Total Expenses | - | 22,337 | 22,279 | 23,699 | 30,945 |
| Operating Income | - | 1,264 | 401 | 2,086 | 3,694 |
| Total Operating Income As Reported | - | 1,264 | 401 | 1,900 | 3,694 |
| EBITDA | - | 5,534 | 4,051 | 5,145 | 7,275 |
| Normalized EBITDA | - | 5,534 | 4,050 | 5,333 | 6,909 |
| EBIT | - | 1,272 | 598 | 2,081 | 4,271 |
| Interest Income | - | 65 | 206 | 182 | 215 |
| Interest Expense | - | 88 | 106 | 92 | 131 |
| Net Interest Income | - | -23 | 100 | 90 | 84 |
| Other Non Operating Income Expenses | - | 5 | -10 | 1 | -4 |
| Other Income Expense | - | -57 | -9 | -187 | 362 |
| Interest Income Non Operating | - | 65 | 206 | 182 | 215 |
| Interest Expense Non Operating | - | 88 | 106 | 92 | 131 |
| Net Non Operating Interest Income Expense | - | -23 | 100 | 90 | 84 |
| Pretax Income | - | 1,184 | 492 | 1,989 | 4,140 |
| Tax Provision | - | -122 | -346 | 381 | -103 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0.21 | -35.72 | 76.86 |
| Net Income Continuous Operations | - | 1,320 | 854 | 1,641 | 4,269 |
| Net Income From Continuing And Discontinued Operation | - | 1,320 | 854 | 1,641 | 4,335 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,320 | 854 | 1,641 | 4,269 |
| Net Income | - | 1,320 | 854 | 1,641 | 4,335 |
| Net Income Common Stockholders | - | 1,320 | 854 | 1,641 | 4,335 |
| Net Income Including Noncontrolling Interests | - | 1,320 | 854 | 1,641 | 4,335 |
| Normalized Income | - | 1,320 | 853.21 | 1,793.28 | 3,979.86 |
| Diluted NI Availto Com Stockholders | - | 1,320 | 854 | 1,641 | 4,335 |
| Basic Average Shares | - | 1,561 | 1,614 | 1,620 | 1,624 |
| Diluted Average Shares | - | 1,571 | 1,625 | 1,637 | 1,636 |
| Reconciled Depreciation | - | 4,262 | 3,453 | 3,064 | 3,004 |
| Reconciled Cost Of Revenue | - | 10,836 | 10,636 | 11,444 | 15,706 |
| Total Unusual Items | - | 0 | 1 | -188 | 366 |
| Total Unusual Items Excluding Goodwill | - | 0 | 1 | -188 | 366 |
| Net Income Discontinuous Operations | - | - | 0 | 0 | 66 |
| Earnings From Equity Interest Net Of Tax | - | 14 | 16 | 33 | 26 |
| Special Income Charges | - | 0 | 0 | -186 | 0 |
| Other Special Charges | 7 | - | - | - | - |
| Restructuring And Mergern Acquisition | - | 0 | 0 | 186 | 0 |
| Gain On Sale Of Security | - | - | 1 | -2 | 366 |
| Depreciation Amortization Depletion Income Statement | - | 2,100 | 1,869 | 1,448 | 1,223 |
| Depreciation And Amortization In Income Statement | - | 2,100 | 1,869 | 1,448 | 1,223 |
| Other Operating Expenses | -12 | -102 | -34 | -48 | - |
| Earnings From Equity Interest | 56 | -62 | -1 | 2 | - |
| Average Dilution Earnings | 0 | 0 | - | - | - |
| Amortization | - | 2,100 | 1,869 | 1,448 | 1,223 |
| Amortization Of Intangibles Income Statement | - | 2,100 | 1,869 | 1,448 | 1,223 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc.this co. | AMD | $853.1B | 196.80β premium | 13.54 | 6.9% | 117.04 |
| Micron Technology, Inc. | MU | $1.1T | 131.54 | 20.74 | 15.8% | 61.08 |
| Oracle Corporation | ORCL | $679.7B | 54.63 | 33.24 | 60.8% | 32.33 |
| ASML Holding N.V. | ASML | $677.4B | 70.49 | 34.54 | 49.0% | 53.29 |
| Intel Corporation | INTC | $561.8B |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 4.92 |
| -0.2% |
| 39.78 |
| Cisco Systems, Inc. | CSCO | $512.4B | 50.33 | 10.94 | 21.7% | 33.82 |
| Lam Research Corporation | LRCX | $420.7B | 78.52 | 42.66 | 54.3% | 64.21 |
| Arm Holdings plc | ARM | $420.2B | 464.85 | 50.72 | 10.9% | 361.22 |
| Applied Materials, Inc. | AMAT | $398.3B | 56.92 | 19.51 | 34.3% | 39.91 |
| Peer Median | - | 70.49 | 26.99 | 28.0% | 46.60 | |