{ "ticker": "AMD", "cik": "0000002488", "company": "Advanced Micro Devices Inc.", "business_type": "industrial", "schema_template": "standard operating company (semiconductors), extended with reportable-segment revenue and operating income", "schema_rationale": "AMD is a fabless semiconductor designer, so the standard revenue / cost of sales / gross profit / operating income frame fits directly. Because AMD's economics are driven by mix across three very different businesses, the segment revenue and segment operating income disclosed in Note 4 of each filing are reported alongside the consolidated statements. Amortization of acquisition-related intangibles is shown separately because it is large (over $2.2 billion a year) and sits in both cost of sales and operating expenses.", "reporting_currency": "USD", "converted_to_usd": false, "units": "actual dollars (not millions)", "fiscal_calendar_note": "AMD uses a 52/53-week fiscal year ending on the last Saturday of December. Fiscal 2025 ended December 27, 2025; fiscal 2024 ended December 28, 2024; fiscal 2023 ended December 30, 2023. The first quarter of fiscal 2026 ended March 28, 2026.", "units_notes_seen": { "FY2025 10-K Consolidated Statements of Operations": "(In millions, except per share amounts)", "FY2025 10-K Consolidated Statements of Comprehensive Income": "(In millions)", "FY2025 10-K Consolidated Balance Sheets": "(In millions, except par value amounts)", "FY2025 10-K Consolidated Statements of Stockholders' Equity": "(In millions)", "FY2025 10-K Consolidated Statements of Cash Flows": "(In millions)", "FY2025 10-K Note 4 - Segment Reporting": "(In millions)", "FY2025 10-K Note 9 - Debt, Revolving Credit Facility and Commercial Paper Program": "(In millions)", "FY26Q1 10-Q Condensed Consolidated Statements of Operations": "(In millions, except per share amounts)", "FY26Q1 10-Q Condensed Consolidated Balance Sheets": "(In millions, except par value amounts)", "FY26Q1 10-Q Condensed Consolidated Statements of Cash Flows": "(In millions)", "FY26Q1 10-Q Note 4 - Segment Reporting": "(In millions)", "FY26Q1 10-Q Note 9 - Debt, Revolving Credit Facility and Commercial Paper Program": "(In millions)" }, "units_note_handling": "Every dollar and share figure in the source statements is stated in millions and has been multiplied by 1,000,000 here; per-share amounts are stated in dollars and are carried through unchanged. Share counts on the face of AMD's statements are also in millions, not thousands.", "adjustments": { "splits_applied": [], "splits_note": "No stock splits occurred over any period reported here, so per-share figures are directly comparable across all years and quarters.", "adr_ratio": null, "fx": "None applied. AMD reports in U.S. dollars, so no currency conversion was needed." }, "annual": [ { "fiscal_year": 2025, "period_end": "2025-12-27", "period_label": "FY2025 (52 weeks ended December 27, 2025)", "source_accession": "0000002488-26-000018", "source_form": "10-K filed 2026-02-04", "income_statement": { "revenue": 34639000000, "cost_of_sales_excluding_intangible_amortization": 16456000000, "amortization_of_acquisition_related_intangibles_in_cost_of_sales": 1031000000, "total_cost_of_sales": 17487000000, "gross_profit": 17152000000, "gross_margin_pct": 49.5, "research_and_development": 8091000000, "marketing_general_and_administrative": 4144000000, "amortization_of_acquisition_related_intangibles_in_opex": 1223000000, "restructuring_charges": 0, "total_operating_expenses": 13458000000, "operating_income": 3694000000, "operating_margin_pct": 10.7, "interest_expense": -131000000, "other_income_expense_net": 577000000, "pretax_income_continuing_operations": 4140000000, "income_tax_provision_benefit": -103000000, "equity_income_in_investee": 26000000, "income_from_continuing_operations_net_of_tax": 4269000000, "income_from_discontinued_operations_net_of_tax": 66000000, "net_income": 4335000000, "net_margin_pct": 12.5, "eps_basic": 2.67, "eps_diluted": 2.65, "eps_diluted_continuing_operations": 2.61, "shares_basic_weighted_average": 1624000000, "shares_diluted_weighted_average": 1636000000 }, "balance_sheet": { "cash_and_cash_equivalents": 5539000000, "short_term_investments": 5013000000, "cash_and_short_term_investments": 10552000000, "accounts_receivable_net": 6315000000, "inventories": 7920000000, "total_current_assets": 26947000000, "property_and_equipment_net": 2312000000, "goodwill": 25126000000, "acquisition_related_intangibles_net": 16705000000, "total_assets": 76926000000, "accounts_payable": 2929000000, "accrued_liabilities": 5250000000, "current_portion_of_long_term_debt_net": 874000000, "total_current_liabilities": 9455000000, "long_term_debt_net_of_current_portion": 2348000000, "total_debt_net_carrying_amount": 3222000000, "total_debt_principal_amount": 3250000000, "long_term_operating_lease_liabilities": 625000000, "total_liabilities": 13927000000, "total_stockholders_equity": 62999000000, "net_cash_position": 7330000000, "shares_issued": 1695000000, "shares_outstanding": 1630000000 }, "cash_flow": { "net_cash_provided_by_operating_activities_continuing_operations": 6493000000, "net_cash_provided_by_operating_activities_discontinued_operations": 1216000000, "net_cash_provided_by_operating_activities_total": 7709000000, "capital_expenditures": 974000000, "free_cash_flow_continuing_operations": 5519000000, "free_cash_flow_total_reported_operating_cash_flow": 6735000000, "depreciation_and_amortization": 750000000, "amortization_of_acquisition_related_intangibles": 2254000000, "stock_based_compensation": 1638000000, "acquisitions_net_of_cash_acquired": -1760000000, "proceeds_from_divestiture_net_of_cash_divested": 1356000000, "proceeds_from_debt_and_commercial_paper_issuance": 2441000000, "repayment_of_debt_and_commercial_paper": -950000000, "repurchases_of_common_stock": -1316000000, "stock_repurchases_for_tax_withholding": -607000000, "net_cash_used_in_investing_activities": -5533000000, "net_cash_used_in_financing_activities": -431000000, "dividends_paid": 0 }, "segments": { "note": "Segment figures come from Note 4 of the FY2025 10-K. Beginning in the first quarter of fiscal 2025 AMD combined its Client and Gaming segments into one reportable segment, and all prior-period segment data were retrospectively restated on that basis. AMD still discloses Client and Gaming revenue separately within the combined segment. The All Other category is not a reportable segment; it collects amortization of acquisition-related intangibles, stock-based compensation, acquisition-related and other costs, restructuring charges and similar items that management excludes when evaluating segment performance.", "revenue": { "data_center": 16635000000, "client_and_gaming": 14550000000, "client_component_of_client_and_gaming": 10640000000, "gaming_component_of_client_and_gaming": 3910000000, "embedded": 3454000000, "total": 34639000000 }, "operating_income": { "data_center": 3603000000, "client_and_gaming": 2855000000, "embedded": 1243000000, "all_other": -4007000000, "total": 3694000000 } }, "geographic_revenue_by_customer_billing_location": { "united_states": 11363000000, "china_including_hong_kong": 7751000000, "taiwan": 5186000000, "singapore": 4284000000, "other_regions": 6055000000, "total": 34639000000 } }, { "fiscal_year": 2024, "period_end": "2024-12-28", "period_label": "FY2024 (52 weeks ended December 28, 2024)", "source_accession": "0000002488-26-000018", "source_form": "10-K filed 2026-02-04 (comparative prior-year column)", "income_statement": { "revenue": 25785000000, "cost_of_sales_excluding_intangible_amortization": 12114000000, "amortization_of_acquisition_related_intangibles_in_cost_of_sales": 946000000, "total_cost_of_sales": 13060000000, "gross_profit": 12725000000, "gross_margin_pct": 49.4, "research_and_development": 6456000000, "marketing_general_and_administrative": 2735000000, "amortization_of_acquisition_related_intangibles_in_opex": 1448000000, "restructuring_charges": 186000000, "total_operating_expenses": 10825000000, "operating_income": 1900000000, "operating_margin_pct": 7.4, "interest_expense": -92000000, "other_income_expense_net": 181000000, "pretax_income_continuing_operations": 1989000000, "income_tax_provision_benefit": 381000000, "equity_income_in_investee": 33000000, "income_from_continuing_operations_net_of_tax": 1641000000, "income_from_discontinued_operations_net_of_tax": 0, "net_income": 1641000000, "net_margin_pct": 6.4, "eps_basic": 1.01, "eps_diluted": 1.0, "eps_diluted_continuing_operations": 1.0, "shares_basic_weighted_average": 1620000000, "shares_diluted_weighted_average": 1637000000 }, "balance_sheet": { "cash_and_cash_equivalents": 3787000000, "short_term_investments": 1345000000, "cash_and_short_term_investments": 5132000000, "accounts_receivable_net": 6192000000, "inventories": 5734000000, "total_current_assets": 19049000000, "property_and_equipment_net": 1802000000, "goodwill": 24839000000, "acquisition_related_intangibles_net": 18930000000, "total_assets": 69226000000, "accounts_payable": 2466000000, "accrued_liabilities": 4260000000, "current_portion_of_long_term_debt_net": 0, "total_current_liabilities": 7281000000, "long_term_debt_net_of_current_portion": 1721000000, "total_debt_net_carrying_amount": 1721000000, "total_debt_principal_amount": 1750000000, "long_term_operating_lease_liabilities": 491000000, "total_liabilities": 11658000000, "total_stockholders_equity": 57568000000, "net_cash_position": 3411000000, "shares_issued": 1680000000, "shares_outstanding": 1622000000 }, "cash_flow": { "net_cash_provided_by_operating_activities_continuing_operations": 3041000000, "net_cash_provided_by_operating_activities_discontinued_operations": 0, "net_cash_provided_by_operating_activities_total": 3041000000, "capital_expenditures": 636000000, "free_cash_flow_continuing_operations": 2405000000, "free_cash_flow_total_reported_operating_cash_flow": 2405000000, "depreciation_and_amortization": 671000000, "amortization_of_acquisition_related_intangibles": 2393000000, "stock_based_compensation": 1407000000, "acquisitions_net_of_cash_acquired": -548000000, "proceeds_from_divestiture_net_of_cash_divested": 0, "proceeds_from_debt_and_commercial_paper_issuance": 0, "repayment_of_debt_and_commercial_paper": -750000000, "repurchases_of_common_stock": -862000000, "stock_repurchases_for_tax_withholding": -728000000, "net_cash_used_in_investing_activities": -1101000000, "net_cash_used_in_financing_activities": -2062000000, "dividends_paid": 0 }, "segments": { "note": "Retrospectively restated in the FY2025 10-K for the combination of the Client and Gaming segments.", "revenue": { "data_center": 12579000000, "client_and_gaming": 9649000000, "client_component_of_client_and_gaming": 7054000000, "gaming_component_of_client_and_gaming": 2595000000, "embedded": 3557000000, "total": 25785000000 }, "operating_income": { "data_center": 3482000000, "client_and_gaming": 1187000000, "embedded": 1421000000, "all_other": -4190000000, "total": 1900000000 } }, "geographic_revenue_by_customer_billing_location": { "united_states": 8693000000, "china_including_hong_kong": 6231000000, "taiwan": 3301000000, "singapore": 3614000000, "other_regions": 3946000000, "total": 25785000000 } }, { "fiscal_year": 2023, "period_end": "2023-12-30", "period_label": "FY2023 (52 weeks ended December 30, 2023)", "source_accession": "0000002488-26-000018", "source_form": "10-K filed 2026-02-04 (earliest comparative column)", "income_statement": { "revenue": 22680000000, "cost_of_sales_excluding_intangible_amortization": 11278000000, "amortization_of_acquisition_related_intangibles_in_cost_of_sales": 942000000, "total_cost_of_sales": 12220000000, "gross_profit": 10460000000, "gross_margin_pct": 46.1, "research_and_development": 5872000000, "marketing_general_and_administrative": 2318000000, "amortization_of_acquisition_related_intangibles_in_opex": 1869000000, "restructuring_charges": 0, "total_operating_expenses": 10059000000, "operating_income": 401000000, "operating_margin_pct": 1.8, "interest_expense": -106000000, "other_income_expense_net": 197000000, "pretax_income_continuing_operations": 492000000, "income_tax_provision_benefit": -346000000, "equity_income_in_investee": 16000000, "income_from_continuing_operations_net_of_tax": 854000000, "income_from_discontinued_operations_net_of_tax": 0, "net_income": 854000000, "net_margin_pct": 3.8, "eps_basic": 0.53, "eps_diluted": 0.53, "eps_diluted_continuing_operations": 0.53, "shares_basic_weighted_average": 1614000000, "shares_diluted_weighted_average": 1625000000 }, "balance_sheet": { "total_stockholders_equity": 55892000000, "note": "The FY2025 10-K presents a two-year balance sheet (fiscal 2025 and fiscal 2024), so a full fiscal 2023 balance sheet is not on the face of that filing. Total stockholders' equity for fiscal 2023 is taken from the Consolidated Statements of Stockholders' Equity in the same filing, which does cover three years." }, "cash_flow": { "net_cash_provided_by_operating_activities_continuing_operations": 1667000000, "net_cash_provided_by_operating_activities_discontinued_operations": 0, "net_cash_provided_by_operating_activities_total": 1667000000, "capital_expenditures": 546000000, "free_cash_flow_continuing_operations": 1121000000, "free_cash_flow_total_reported_operating_cash_flow": 1121000000, "depreciation_and_amortization": 642000000, "amortization_of_acquisition_related_intangibles": 2811000000, "stock_based_compensation": 1384000000, "acquisitions_net_of_cash_acquired": -131000000, "proceeds_from_divestiture_net_of_cash_divested": 0, "proceeds_from_debt_and_commercial_paper_issuance": 0, "repayment_of_debt_and_commercial_paper": 0, "repurchases_of_common_stock": -985000000, "stock_repurchases_for_tax_withholding": -427000000, "net_cash_used_in_investing_activities": -1423000000, "net_cash_used_in_financing_activities": -1146000000, "dividends_paid": 0 }, "segments": { "note": "Retrospectively restated in the FY2025 10-K for the combination of the Client and Gaming segments.", "revenue": { "data_center": 6496000000, "client_and_gaming": 10863000000, "client_component_of_client_and_gaming": 4651000000, "gaming_component_of_client_and_gaming": 6212000000, "embedded": 5321000000, "total": 22680000000 }, "operating_income": { "data_center": 1267000000, "client_and_gaming": 925000000, "embedded": 2628000000, "all_other": -4419000000, "total": 401000000 } }, "geographic_revenue_by_customer_billing_location": { "united_states": 7837000000, "china_including_hong_kong": 3417000000, "taiwan": 1841000000, "singapore": 2231000000, "other_regions": 7354000000, "total": 22680000000 } } ], "quarterly": [ { "fiscal_period": "FY2026 Q1", "period_end": "2026-03-28", "period_label": "Three months ended March 28, 2026", "source_accession": "0000002488-26-000076", "source_form": "10-Q filed 2026-05-06", "income_statement": { "revenue": 10253000000, "cost_of_sales_excluding_intangible_amortization": 4576000000, "amortization_of_acquisition_related_intangibles_in_cost_of_sales": 261000000, "total_cost_of_sales": 4837000000, "gross_profit": 5416000000, "gross_margin_pct": 52.8, "research_and_development": 2397000000, "marketing_general_and_administrative": 1253000000, "amortization_of_acquisition_related_intangibles_in_opex": 290000000, "total_operating_expenses": 3940000000, "operating_income": 1476000000, "operating_margin_pct": 14.4, "interest_expense": -37000000, "other_income_expense_net": 165000000, "pretax_income_continuing_operations": 1604000000, "income_tax_provision_benefit": 238000000, "equity_income_in_investee": 6000000, "income_from_continuing_operations_net_of_tax": 1372000000, "income_from_discontinued_operations_net_of_tax": 11000000, "net_income": 1383000000, "net_margin_pct": 13.5, "eps_basic": 0.85, "eps_diluted": 0.84, "eps_diluted_continuing_operations": 0.83, "shares_basic_weighted_average": 1631000000, "shares_diluted_weighted_average": 1650000000 }, "balance_sheet": { "cash_and_cash_equivalents": 5585000000, "short_term_investments": 6762000000, "cash_and_short_term_investments": 12347000000, "accounts_receivable_net": 6035000000, "inventories": 8045000000, "total_current_assets": 28628000000, "property_and_equipment_net": 2723000000, "goodwill": 25344000000, "acquisition_related_intangibles_net": 16154000000, "total_assets": 79642000000, "accounts_payable": 2997000000, "accrued_liabilities": 5785000000, "current_portion_of_long_term_debt_net": 874000000, "total_current_liabilities": 10506000000, "long_term_debt_net_of_current_portion": 2350000000, "total_debt_net_carrying_amount": 3224000000, "total_debt_principal_amount": 3250000000, "long_term_operating_lease_liabilities": 647000000, "total_liabilities": 15180000000, "total_stockholders_equity": 64462000000, "net_cash_position": 9123000000, "shares_issued": 1697000000, "shares_outstanding": 1630000000 }, "cash_flow": { "net_cash_provided_by_operating_activities_continuing_operations": 2955000000, "capital_expenditures": 389000000, "free_cash_flow_continuing_operations": 2566000000, "depreciation_and_amortization": 206000000, "amortization_of_acquisition_related_intangibles": 551000000, "stock_based_compensation": 487000000, "net_cash_used_in_investing_activities_continuing_operations": -2565000000, "net_cash_used_in_financing_activities_continuing_operations": -350000000, "repurchases_of_common_stock": -221000000, "stock_repurchases_for_tax_withholding": -134000000, "dividends_paid": 0 }, "segments": { "revenue": { "data_center": 5775000000, "client_and_gaming": 3605000000, "client_component_of_client_and_gaming": 2885000000, "gaming_component_of_client_and_gaming": 720000000, "embedded": 873000000, "total": 10253000000 }, "operating_income": { "data_center": 1599000000, "client_and_gaming": 575000000, "embedded": 338000000, "all_other": -1036000000, "total": 1476000000 } } }, { "fiscal_period": "FY2025 Q1", "period_end": "2025-03-29", "period_label": "Three months ended March 29, 2025 (prior-year comparative shown in the FY26Q1 10-Q)", "source_accession": "0000002488-26-000076", "source_form": "10-Q filed 2026-05-06 (comparative prior-year column)", "income_statement": { "revenue": 7438000000, "cost_of_sales_excluding_intangible_amortization": 3451000000, "amortization_of_acquisition_related_intangibles_in_cost_of_sales": 251000000, "total_cost_of_sales": 3702000000, "gross_profit": 3736000000, "gross_margin_pct": 50.2, "research_and_development": 1728000000, "marketing_general_and_administrative": 886000000, "amortization_of_acquisition_related_intangibles_in_opex": 316000000, "total_operating_expenses": 2930000000, "operating_income": 806000000, "operating_margin_pct": 10.8, "interest_expense": -20000000, "other_income_expense_net": 39000000, "pretax_income_continuing_operations": 825000000, "income_tax_provision_benefit": 123000000, "equity_income_in_investee": 7000000, "income_from_continuing_operations_net_of_tax": 709000000, "income_from_discontinued_operations_net_of_tax": 0, "net_income": 709000000, "net_margin_pct": 9.5, "eps_basic": 0.44, "eps_diluted": 0.44, "eps_diluted_continuing_operations": 0.44, "shares_basic_weighted_average": 1620000000, "shares_diluted_weighted_average": 1626000000 }, "balance_sheet": { "note": "The FY26Q1 10-Q balance sheet presents March 28, 2026 against December 27, 2025, so no March 29, 2025 balance sheet appears in that filing." }, "cash_flow": { "net_cash_provided_by_operating_activities_continuing_operations": 939000000, "capital_expenditures": 212000000, "free_cash_flow_continuing_operations": 727000000, "depreciation_and_amortization": 175000000, "amortization_of_acquisition_related_intangibles": 567000000, "stock_based_compensation": 364000000, "net_cash_used_in_investing_activities_continuing_operations": -357000000, "net_cash_provided_by_financing_activities_continuing_operations": 1666000000, "repurchases_of_common_stock": -749000000, "stock_repurchases_for_tax_withholding": -30000000, "dividends_paid": 0 }, "segments": { "revenue": { "data_center": 3674000000, "client_and_gaming": 2941000000, "client_component_of_client_and_gaming": 2294000000, "gaming_component_of_client_and_gaming": 647000000, "embedded": 823000000, "total": 7438000000 }, "operating_income": { "data_center": 932000000, "client_and_gaming": 496000000, "embedded": 328000000, "all_other": -950000000, "total": 806000000 } } } ], "trailing_twelve_months": { "period_label": "Twelve months ended March 28, 2026", "derivation": "Fiscal 2025 full-year figures from the FY2025 10-K, less the three months ended March 29, 2025, plus the three months ended March 28, 2026, both from the FY26Q1 10-Q. This is a computed roll-forward, not a figure AMD reports.", "source_accessions": [ "0000002488-26-000018", "0000002488-26-000076" ], "revenue": 37454000000, "gross_profit": 18832000000, "gross_margin_pct": 50.3, "operating_income": 4364000000, "operating_margin_pct": 11.7, "income_from_continuing_operations_net_of_tax": 4932000000, "net_income": 5009000000, "eps_diluted": 3.05, "operating_cash_flow_continuing_operations": 8509000000, "capital_expenditures": 1151000000, "free_cash_flow_continuing_operations": 7358000000, "ttm_eps_note": "Trailing diluted EPS is the sum of the reported diluted EPS for each of the four quarters in the window (fiscal 2025 full year of $2.65, less $0.44 for the first quarter of fiscal 2025, plus $0.84 for the first quarter of fiscal 2026). Because the weighted-average share count differs period to period, this sum is an approximation rather than an exact per-share result." }, "capital_returns": { "dividends_paid_any_period": 0, "dividend_policy": "AMD pays no dividend. The FY2025 10-K states the company does not expect to pay dividends in the near future, and the expected dividend yield used in its stock-based compensation valuations is zero across fiscal 2023, 2024 and 2025.", "buybacks": { "fy2023_repurchases_of_common_stock": 985000000, "fy2024_repurchases_of_common_stock": 862000000, "fy2025_repurchases_of_common_stock": 1316000000, "fy26q1_repurchases_of_common_stock": 221000000, "note": "Amounts are cash paid for share repurchases as reported in the financing section of the cash flow statements. Separate amounts shown as stock repurchases for tax withholding on employee equity plans are excluded from these figures and are listed within each period's cash flow block." } }, "notes": [ "All figures are taken from the face of the financial statements in AMD's FY2025 annual report on Form 10-K (accession 0000002488-26-000018, filed February 4, 2026, for the fiscal year ended December 27, 2025) and its quarterly report on Form 10-Q (accession 0000002488-26-000076, filed May 6, 2026, for the quarter ended March 28, 2026), together with the segment, debt and stockholders' equity notes in those same filings.", "Every statement in both filings is denominated in millions of dollars, and the share counts on the face of the statements are also in millions. All dollar and share figures here have been restated into actual dollars and actual shares.", "The most recent quarterly figures available are for the quarter ended March 28, 2026. AMD's fiscal second quarter of 2026 ended in late June 2026, but as of this compilation no results release or quarterly report covering that quarter had been filed, so nothing later than the March 28, 2026 quarter is reported here.", "AMD acquired ZT Systems on March 31, 2025 for total purchase consideration of $4.409 billion, then divested the ZT data center infrastructure manufacturing business on October 27, 2025. The manufacturing business is presented as discontinued operations; the retained ZT design operations and employees are inside continuing operations within the Data Center segment. Fiscal 2025 therefore carries $66 million of income from discontinued operations, $1.216 billion of operating cash flow from discontinued operations and $1.356 billion of divestiture proceeds. Because those discontinued-operations flows distort the cash figures, free cash flow is reported here on two bases: from continuing operations only, and using the total reported operating cash flow.", "Beginning in the first quarter of fiscal 2025 AMD combined its Client and Gaming reportable segments into a single Client and Gaming segment, and restated all prior-period segment data on that basis. The segment history shown here for fiscal 2023 and fiscal 2024 is the restated presentation as it appears in the FY2025 10-K, which is why it will not match the segment tables published in AMD's older annual reports. AMD continues to disclose Client revenue and Gaming revenue separately inside the combined segment, and both components are reported here.", "AMD's All Other category is not a reportable segment. It carries the costs management excludes from segment results, chiefly amortization of acquisition-related intangibles ($2.254 billion in fiscal 2025) and stock-based compensation ($1.638 billion in fiscal 2025). Summing the three reportable segments' operating income overstates consolidated operating income by the size of this category, so All Other is shown explicitly as a negative line.", "Fiscal 2025 cost of sales includes roughly $440 million of net inventory and related charges tied to U.S. government export controls on AMD Instinct MI308 data center GPU products. There were no comparable export-control charges in fiscal 2024 or fiscal 2023.", "The fiscal 2025 income tax line is a net benefit of $103 million rather than an expense, which is why net income of $4.335 billion exceeds pretax income from continuing operations of $4.140 billion.", "Total debt is reported both at principal amount and at net carrying amount. Note 9 of the FY2025 10-K shows $3.250 billion of principal ($875 million of 4.212% notes due 2026, $625 million of 4.319% notes due 2028, $750 million of 2.375% notes due 2030, $500 million of 3.924% notes due 2032 and $500 million of 4.393% notes due 2052) against $3.222 billion net of unamortized discount and issuance costs. AMD issued $1.5 billion of new notes in March 2025 and had no commercial paper outstanding at either December 27, 2025 or March 28, 2026. Operating lease liabilities are listed separately and are not included in the total debt figures.", "Total liabilities is not presented as a single line on AMD's balance sheet; the values shown here are total assets less total stockholders' equity, which reconciles exactly for each date reported.", "Net cash position is calculated as cash and cash equivalents plus short-term investments, less the net carrying amount of total debt.", "The FY2025 10-K presents a two-year balance sheet, so no complete fiscal 2023 balance sheet is available from that filing. Only fiscal 2023 total stockholders' equity is reported, sourced from the three-year Consolidated Statements of Stockholders' Equity in the same filing.", "Margins, free cash flow, cash-and-short-term-investments totals, net cash position and the trailing-twelve-month figures are computed from the reported line items rather than taken from a filing; every input to those calculations is a figure disclosed on the face of the statements.", "The figures shown here agree with the SEC's XBRL company facts for AMD on every line checked, including revenue, operating income, net income, diluted earnings per share, weighted-average diluted shares, operating cash flow, capital expenditures, total assets and total stockholders' equity for all periods reported. No discrepancy between the filing and the structured data was found that required a judgment call.", "AMD reports in U.S. dollars, has had no stock splits over any period presented, and is not an ADR, so no currency, split or ratio adjustments were applied." ], "uncertainties": [ "The purchase price allocation for the ZT Systems acquisition, including the split of fair value between the divested manufacturing business and the retained design business, is described in the FY2025 10-K as preliminary and subject to revision during a measurement period that runs up to twelve months from the March 31, 2025 acquisition date. Goodwill, intangibles and the fiscal 2025 discontinued-operations result could be adjusted as that allocation is finalized.", "Trailing-twelve-month diluted earnings per share of $3.05 is a sum of four quarters of reported per-share figures. Because weighted-average diluted share counts changed across those quarters (1,626 million in the first quarter of fiscal 2025 versus 1,650 million in the first quarter of fiscal 2026), it is an approximation and not a figure AMD reports.", "Fiscal 2025 free cash flow depends on which operating cash flow base is used. Total reported operating cash flow of $7.709 billion includes $1.216 billion generated by the ZT manufacturing business before it was divested; continuing operations produced $6.493 billion. Both resulting free cash flow figures are reported, and users should pick the basis that fits their purpose.", "Capital expenditures for fiscal 2025 are stated as the $974 million of property and equipment purchases within continuing operations. The cash flow statement separately shows $38 million of property and equipment purchases inside discontinued investing activities, which is excluded here; including it would raise fiscal 2025 capital expenditures to $1.012 billion.", "Total liabilities is derived rather than disclosed, since AMD's balance sheet does not present a total liabilities subtotal.", "Segment operating income for fiscal 2023 and fiscal 2024 reflects AMD's restated segment structure and its current expense-allocation judgments. Segment results depend on management's allocation choices and are not standalone financial statements." ], "company_details": { "Name": "Advanced Micro Devices Inc", "Ticker": "AMD", "CIK": "0000002488", "Exchange": "Nasdaq", "State": "California", "Incorporation": "Delaware", "SIC": "3674", "Office": "Manufacturing", "Industry": "Semiconductors & Related Devices" }, "next_filing": { "predicted_date": "2026-07-29", "predicted_type": "10-Q" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q1", "tag": "FY26Q1", "period_end": "2026-03-28", "form": "10-Q", "accession": "0000002488-26-000076", "fiscal_year_end": "1226", "source": "facts" } }