ADVANCED MICRO DEVICES INC

Listed Company

AMDCIK 0000002488NasdaqLarge AcceleratedSemiconductors & Related DevicesDelawareFY ends Dec 26

Period

FY 2025

Revenue

$34.64B

Net Income

$4.33B

Total Assets

$76.93B

Equity

$63.00B

Shares Out

1.63B

Op. Cash Flow

$7.71B

+ 13F Filer

Business

ADVANCED MICRO DEVICES INC is a high-performance and adaptive computing company providing silicon, software and system solutions for data centers, PCs, edge and gaming applications. It offers CPUs, GPUs, AI accelerators, DPUs, FPGAs, APUs, Adaptive SoCs, semi-custom SoCs, SmartNICs, chipsets, development tools and software stacks (e.g., ROCm, Vitis, Vivado). Its reportable segments comprise Data Center, Client, Gaming and Embedded products, alongside customized design and development services. AMD sells globally through direct sales, OEMs, ODMs, system integrators, add-in-board manufacturers, distributors and other channel partners.

Summary from filing dated 2025-02-05

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenue	34,639	25,785	22,680	23,601	16,434
Cost of sales	16,456	12,114	11,278	11,550	8,505
Amortization of acquisition-related intangibles- COGS	1,031	946	942	—	—
Total cost of sales	17,487	13,060	12,220	12,998	8,505
Gross profit	17,152	12,725	10,460	10,603	7,929
Research and development	8,091	6,456	5,872	5,005	2,845
Marketing, general and administrative	4,144	2,735	2,318	2,336	1,448
Amortization of acquisition-related intangibles	1,223	1,448	1,869	2,100	0
Restructuring charges	0	186	0	0	—
Total operating expenses	13,458	10,825	10,059	—	—
Operating income	3,694	1,900	401	1,264	3,648
Interest expense	−131	−92	−106	−88	−34
Other income (expense), net	577	181	197	8	55
Income from continuing operations before income taxes and equity income	4,140	1,989	492	1,184	3,669
Income tax provision (benefit)	−103	381	−346	−122	513
Equity income in investee	26	33	16	14	6
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	4,269	1,641	854	—	—
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	66	0	0	—	—
Net income	4,335	1,641	854	1,320	3,162
Income (Loss) from Continuing Operations, Per Basic Share	2.63	1.01	0.53	—	—
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share	0.04	0	0	—	—
Basic (in usd per share)	2.67	1.01	0.53	0.85	2.61
Income (Loss) from Continuing Operations, Per Diluted Share	2.61	1	0.53	—	—
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share	0.04	0	0	—	—
Diluted (in usd per share)	2.65	1	0.53	0.84	2.57
Basic (in shares)	1,624	1,620	1,614	1,561	1,213
Diluted (in shares)	1,636	1,637	1,625	1,571	1,229

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	5,539	3,787	3,933	4,835	2,535
Short-term investments	5,013	1,345	1,840	1,020	1,073
Accounts receivable, net	6,315	6,192	4,323	4,126	2,706
Inventories	7,920	5,734	4,351	3,771	1,955
Prepaid expenses and other current assets	2,160	1,991	2,312	1,265	312
Total current assets	26,947	19,049	16,768	15,019	8,583
Property and equipment, net	2,312	1,802	1,589	1,513	702
Goodwill	25,126	24,839	24,262	24,177	289
Acquisition-related intangibles, net	16,705	18,930	21,363	24,118	0
Deferred tax assets, net	384	688	366	58	931
Other non-current assets	5,452	3,918	2,805	2,152	1,478
Total assets	76,926	69,226	67,885	67,580	12,419
Accounts payable	2,929	2,466	2,055	2,493	1,321
Accrued liabilities	5,250	4,260	3,082	3,077	2,424
Current portion of long-term debt, net	874	0	751	0	312
Other current liabilities	402	555	438	336	98
Total current liabilities	9,455	7,281	6,689	6,369	4,240
Long-term debt, net of current portion	2,348	1,721	1,717	2,467	1
Long-term operating lease liabilities	625	491	535	396	348
Deferred tax liabilities	313	349	1,202	1,934	12
Other long-term liabilities	1,186	1,816	1,850	1,664	321
Commitments and contingencies (see Note 12)	—	—	—	—	—
Common Stock, Value, Issued	17	17	17	16	12
Additional paid-in capital	63,365	61,362	59,676	58,005	11,069
Treasury Stock, Value	−7,079	−6,106	−4,514	−3,099	−2,130
Retained earnings	6,699	2,364	723	−131	−1,451
Accumulated other comprehensive loss	−3	−69	−10	−41	−3
Total stockholders equity	62,999	57,568	55,892	54,750	7,497
Total liabilities and stockholders equity	76,926	69,226	67,885	67,580	12,419

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Income from discontinued operations, net of tax	−66	0	0	—	—
Depreciation and amortization	750	671	642	626	407
Amortization	2,254	2,393	2,811	3,548	—
Stock-based compensation	1,638	1,407	1,384	1,081	379
(Gains) losses on long-term investments, net	−341	0	−1	—	—
Deferred income taxes	248	−1,163	−1,019	−1,505	308
Inventory loss at (recovery from) contract manufacturer	−67	65	0	—	—
Other	120	125	45	64	−2
Accounts receivable, net	−121	−1,865	−1,339	−278	−640
Inventories	−2,189	−1,458	−580	−1,401	−556
Prepaid expenses and other assets	−11	339	−390	−2,010	−920
Accounts payable	410	3	−519	931	801
Accrued and other liabilities	−467	883	−221	546	526
Cash Provided by (Used in) Operating Activity, Continuing Operation	6,493	3,041	1,667	—	—
Cash Provided by (Used in) Operating Activity, Discontinued Operation	1,216	0	0	—	—
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation, Total	7,709	3,041	1,667	3,565	3,521
Purchases of property and equipment	−974	−636	−546	−450	−301
Purchases of short-term investments	−5,470	−1,493	−3,722	−2,667	−2,056
Proceeds from Maturities, Prepayments and Calls of Short-Term Investments	1,765	1,416	2,687	4,310	1,678
Proceeds from Sale of Short-Term Investments	80	616	300	0	0
Acquisitions, net of cash acquired, all others	−1,760	−548	−131	−1,544	0
Related party loan and equity method investment	0	−117	0	0	—
Purchases of long-term investments	−502	−341	−11	−5	—
Other	10	2	0	−11	−7
Cash Provided by (Used in) Investing Activity, Continuing Operation	−6,851	−1,101	−1,423	—	—
Proceeds from Divestiture of Businesses, Net of Cash Divested	1,400	0	0	—	—
Payments for (Proceeds from) Productive Assets	−38	0	0	—	—
Cash Provided by (Used in) Investing Activity, Discontinued Operation	1,318	0	0	—	—
Net cash used in investing activities	−5,533	−1,101	−1,423	1,999	−686
Proceeds from debt and commercial paper issuance, net of issuance costs	2,441	0	0	991	0
Repayment of debt and commercial paper	−950	−750	0	−312	0
Proceeds from sales of common stock through employee equity plans	285	279	268	167	104
Repurchases of common stock	−1,316	−862	−985	−3,702	−1,762
Settlement of contingent consideration liability	−284	0	0	—	—
Other	0	−1	−2	−2	0
Net cash used in financing activities	−431	−2,062	−1,146	−3,264	−1,895
Net increase (decrease) in cash, cash equivalents and restricted cash	1,745	−122	−902	2,300	940
Interest	91	72	84	85	25
Income taxes, net of refund	884	1,386	523	685	35
Purchases of property and equipment, accrued but not paid	129	144	106	157	72
Reissuance of treasury stock for acquisition	860	—	—	—	—
Reissuance of treasury stock to settle contingent consideration liability from acquisition	188	—	—	—	—
Non-cash consideration and earn-out receivable from divestiture	486	—	—	—	—
Operating lease right-of-use assets acquired by assuming related liabilities	285	102	273	115	227

Filings

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Holdings (13F)

Portfolio as of 2025-12-31 · 2 positions

Reported AUM

$192.68M

Holdings

Top sector

$192.68M

Top sectors

Sector	Value	% of portfolio
Uncategorized	$192.68M	100.0%

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