AMDAdvanced Micro Devices

Technology · Semiconductors · Nasdaq

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

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What the 10-K filed 2026-02-04 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed. New marks a sentence with nothing like it in the 10-K filed 2025-02-05.

Big customers

4 new

Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).

New “In August 2025, U.S. government officials expressed an expectation that the U.S. government will receive 15% of the revenue generated from licensed MI308 sales to China.”
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New “U.S. government officials have expressed an expectation that the U.S. government will receive 15% of the revenue generated from licensed MI308 sales to China; however, to date, the U.S. government has not published a regulation establishing such requirement.”
Read it in the 10-K ↗

New “No customer accounted for at least 10% of the Company’s consolidated net revenue in fiscal years 2025 and 2024.”
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New “One Client and Gaming segment customer accounted for 18% of consolidated net revenue in fiscal year 2023.”
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Key suppliers

Parts or manufacturing that depend on one or a few suppliers.

“Certain equipment and materials that are used in the manufacture of our products are available only from a limited number of suppliers, or in some cases, a sole supplier.”
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“We also depend on a limited number of suppliers to provide the majority of certain types of IC packages for our microprocessors, including our APU products.”
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“Similarly, certain non-proprietary materials or components such as memory, printed circuit boards (PCBs), interposers, substrates and capacitors used in the manufacture of our products are currently available from only a limited number of suppliers.”
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“Dependence on a sole supplier or a limited number of suppliers exacerbates these risks.”
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Lawsuits and legal claims

Pending cases, settlements and what the company has set aside for them.

No specific sentence about this in the 10-K.

Guarantees and indemnities

Promises to pay someone else's debts or losses if they cannot.

“It is not possible to determine the maximum potential amount of liability under these indemnification obligations due to the unique facts and circumstances that are likely to be involved in each particular claim and indemnification provision.”
Read it in the 10-K ↗

Debt covenants

Conditions in loan agreements that, if broken, can make debt due early.

“As of December 27, 2025, the Company was in compliance with the covenants associated with all of its debt.”
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“As of December 27, 2025, the Company was in compliance with the covenants under the revolving credit facility.”
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Commitments off the balance sheet

Contracts the company must pay for later: purchase obligations, take-or-pay deals.

No specific sentence about this in the 10-K.

Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗

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