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Screener / SEC EDGAR /CIK 0000002488 /10-K filed Feb 4, 2026, compared with Feb 5, 2025 /Numbers from the XBRL of the 10-Ks
Technology peers:
HPESMCICRMQCOMAMDJBL
Nasdaq Technology · Semiconductors

Advanced Micro Devices AMD

AMD quote by TradingView

The statements in this report include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 10-K, Item 1

Employees
31,000
Headquarters
Santa Clara, CA
CEO
Lisa T. Su
Next results
around Feb 2, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $34.6B through the costs to a net profit of $4.3B · income statement of the 10-K

11% operating margin
Revenue to Gross profit: $17.2BRevenue to Cost of revenue: $17.5BGross profit to Operating profit: $3.7BGross profit to Operating expenses: $13.5BOperating profit to Net profit: $3.7BOther income to Net profit: $641.0MOperating expenses to R&D: $8.1BOperating expenses to Sales, admin & other: $5.4B Revenue: $34.6B REVENUE $34.6B +34% Y/Y Gross profit: $17.2B · 50% margin GROSS PROFIT $17.2B 50% margin · +35% Y/Y Cost of revenue: $17.5B · 50% of revenue COST OF REVENUE $17.5B 50% of revenue Operating profit: $3.7B · 11% margin OPERATING PROFIT $3.7B 11% margin · +94% Y/Y Other income: $641.0M · 2% of revenue OTHER INCOME $641.0M 2% of revenue Operating expenses: $13.5B · 39% of revenue OPERATING EXPENSES $13.5B 39% of revenue Net profit: $4.3B · 13% margin NET PROFIT $4.3B 13% margin · +164% Y/Y R&D: $8.1B · 23% of revenue R&D $8.1B 23% of revenue Sales, admin & other: $5.4B · 15% of revenue SALES, ADMIN & OTHER $5.4B 15% of revenue
Gross profit $17.2B 50% margin · +35% Y/Y
Operating profit $3.7B 11% margin · +94% Y/Y
Net profit $4.3B 13% margin · +164% Y/Y
The full income statement, year by year

AMD among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 34.3%, above 88% of 74 peers (their median 14.0%) REVENUE GROWTH 34.3% · above 88% Gross margin: 53.7%, above 45% of 67 peers (their median 58.0%) GROSS MARGIN 53.7% · above 45% Operating margin: 17.7%, above 39% of 70 peers (their median 23.8%) OPERATING MARGIN 17.7% · above 39% Net margin: 16.8%, above 46% of 74 peers (their median 19.2%) NET MARGIN 16.8% · above 46% FCF margin: 15.5%, above 27% of 70 peers (their median 23.7%) FCF MARGIN 15.5% · above 27% Return on capital: 5.0%, above 16% of 61 peers (their median 12.7%) RETURN ON CAPITAL 5.0% · above 16%
AMD Peer median Below the median

What changed

13 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 4, 2026 against Feb 5, 2025.

Risk factors
13 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Critical audit matters changed
New this year: Table of Conten t s (“At December 27, 2025, the Company’s net inventory balance was $7,920 million. As discussed in Note 2 to the consolidated financial statements, the Company adjusts the inventory carrying value to the lower of actual cost or the estimated net realizable value after completing ongoing reviews of on-han”). Same as last year: Inventory Valuation
10-K · XBRL
Accounting checks
10 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Critical audit matters changed
    New this year: Table of Conten t s (“At December 27, 2025, the Company’s net inventory balance was $7,920 million. As discussed in Note 2 to the consolidated financial statements, the Company adjusts the inventory carrying value to the lower of actual cost or the estimated net realizable value after completing ongoing reviews of on-han”). Same as last year: Inventory Valuation
  • Receivables +2.0% vs revenue +34.3% (-32.4 pts)
9 more checks with nothing to note
  • Cash from operations $7.7B vs net income $4.3B (FY ending Dec 27, 2025)
  • Inventory +38.1% vs revenue +34.3% (+3.8 pts)
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

13 paragraphs in Risk Factors that were not in the 10-K filed Feb 5, 2025. Quoted as filed.

All 13 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 5, 2025 10-K, ITEM 1A
    Competition is expected to remain intense, driven by rapid technological change, evolving standards, shifting customer preferences, product obsolescence, and frequent product launches from both established and new competitors. Some of our competitors may possess stronger market positions, larger customer bases, more design wins, and…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 5, 2025 10-K, ITEM 1A
    In addition, strategic partnerships, acquisitions and business collaborations by and between our competitors may increase competition and adversely affect our business. For example, in September 2025, Nvidia announced a partnership and investment in Intel to partner on new data center and client platform products. This partnership may…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 5, 2025 10-K, ITEM 1A
    Product transition risks may increase as the computing industry shifts toward shorter launch cycles and a broader range of accelerated computing platforms. Product transitions are complex and as such we may ship both new and prior-generation products concurrently. Customer adoption patterns can vary and while some customers may shift to…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 5, 2025 10-K, ITEM 1A
    Our business and the business of our suppliers and customers may also be subject to current and future climate-related regulations, contract terms and lawsuits. Increased regulations on carbon taxes, greenhouse gas emissions, fuel or energy taxes will likely result in greater costs, such as through carbon pricing impact on utilities or…

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$23.6B$22.7B$25.8B$34.6B
Net income$1.3B$854.0M$1.6B$4.3B
Operating cash flow$3.6B$1.7B$3.0B$7.7B
Free cash flow$3.1B$1.1B$2.4B$6.7B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$34.6B ▲ 34.3% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Advanced Micro Devices, Santa Clara, CA · from the 10-K filed Feb 4, 2026

The statements in this report include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations and beliefs and involve numerous risks and uncertainties that could cause actual results to differ materially from expectations. These forward-looking statements speak only as of the date hereof or as of the dates indicated in the statements and should not be relied upon as predictions of future events, as we cannot assure you that the events or circumstances reflected in these statements will be achieved or will occur.

Headquarters
Santa Clara, CA
Country
United States
Listed on
Nasdaq
Fiscal year ends
December 26
Last results
Nov 3, 2026
Incorporated in
DE

Employees, at the top of the page: "As of December 27, 2025, we had approximately 31,000 employees in our global workforce" (10-K). Address and exchange: SEC's company file.

Email alerts

Sources

The 10-K filed Feb 4, 2026 (open at SEC), compared with the 10-K filed Feb 5, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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