Advanced Micro Devices, Inc. (AMD)财务
NASDAQ · Technology · Semiconductors · 员工31,000人 · CEO Lisa T. Su
- 股价
- $504.80 -10.88%
- 市值
- $8240亿
- 企业价值
- $8230亿
- 最近财报
- Q2 '26 2026-08-05提交
- 下次财报
- 2026-11-03 EPS预期 $1.95
营收(TTM)$413亿+39.5% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)15.7%+8.0 百分点 对比去年同期营业利润 $64.9亿
净利润(TTM)$64.3亿+127.0% 对比去年同期税后,含营业外收益
自由现金流(TTM)$84亿+107.8% 对比去年同期资本支出 $16.8亿
稀释EPS(TTM)$3.90+122.9% 对比去年同期最近4个季度之和
净现金$88.4亿+346.0% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $8240亿 EV $8230亿
- 营收
- $413亿 过去12个月
- 营收增速
- +48% FY2026年一致预期
- 净利润率
- 15.6% 净利润 / 营收,TTM
- P/E
- 128.1× 预期 66.0×(FY2026)
- P/S
- 20.0× 股价 / 营收,TTM
- EV / EBITDA
- 76.8× TTM
- 自由现金流
- $84亿 过去12个月
- 净利润
- $64.3亿 过去12个月
- 营收预期
- $514亿 FY2026年一致预期
- 盈利
- 2026-11-03 营收预期 $131亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-04):营收超预期2.0%,EPS 超预期2.5%营收$115亿,预期$113亿(+2.0%);EPS $1.66,预期$1.62(+2.5%)。
- 营收增长加速:同比50.1%Q2 '26营收$115亿,此前四个季度的平均值为34.8%。
- 营业利润率15.7%(TTM),较去年同期+8.0 百分点营收增长39.5%,营业利润增长186.2%。
- 税前利润的14.2%来自营业外收益税前利润$75.6亿,营业利润$64.9亿(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的4.1%(去年为2.8%)最近4个季度投入$16.8亿(同比+101.1%)。自由现金流$84亿,相当于净利润的130.6%。
- 股东回报$5.17亿 = 自由现金流的6.2%回购$5.17亿(去年为$23.1亿),股息$0,股权激励$19亿(TTM)。
- 稀释股数一年内增加1.5%Q2 '26稀释股数16.6亿,一年前为16.3亿。
- 净现金 $88.4亿现金 + 短期投资 $131亿,含租赁债务 $42.8亿;一年前净现金 $19.8亿。
上一季度:Q2 '26
截至2026-06-27的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $115亿 | $76.9亿 | +50.1% |
| 毛利率 | 53.8% | 39.8% | +14.0 百分点 |
| 营业利润 | $19.9亿 | -$1.34亿 | +1,585.1% |
| 营业利润率 | 17.3% | -1.7% | +19.0 百分点 |
| 净利润 | $23亿 | $8.72亿 | +163.4% |
| 稀释EPS | $1.38 | $0.54 | +155.6% |
| 经营现金流 | $23.7亿 | $20.1亿 | +17.7% |
| 资本支出 | $8.08亿 | $2.82亿 | +186.5% |
| 自由现金流 | $15.6亿 | $17.3亿 | -9.9% |
| R&D | $25.3亿 | $18.9亿 | +33.5% |
| 股权激励费用 | $5.03亿 | $3.69亿 | +36.3% |
实际 vs 一致预期
2026-08-04| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $115亿 | $113亿 | +2.0% |
| EPS(一致预期口径) | $1.66 | $1.62 | +2.5% |
来自2026-08-04发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Data Center | $67.2亿 | +107.3% | 58.2% | $222亿 | +55.1% | |
| Client and Gaming | $38.4亿 | +6.1% | 33.3% | $154亿 | – | |
| Embedded | $9.77亿 | +18.6% | 8.5% | $36.6亿 | +4.6% |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q2 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Client | – | – | – | – | – | – | – |
| Gaming | – | – | – | – | – | – | – |
| Data Center | – | – | $21亿 | +1,456.8% | – | – | – |
| Embedded | – | – | $3.86亿 | +40.4% | – | – | $13.6亿 |
| Material Reconciling Items | – | – | – | – | – | – | – |
| Client And Gaming | – | – | $5.82亿 | -24.1% | – | – | $27.5亿 |
| All Other | – | – | – | – | – | – | – |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $101亿
- 资本支出
- -$16.8亿
- 股票回购
- -$5.17亿
- 股息
- $0
- 收购
- -$1.73亿
- 债务净发行
- -$14.9亿
- 股权激励费用
- $19亿
- 自由现金流
- $84亿
- 股东回报 / FCF
- 6.2%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 128.1× | 123.0× | 56.0× – 278.1× |
| EV / EBITDA | 76.8× | 40.7× | 17.9× – 57.1× |
| EV / 营收 | 19.9× | 8.6× | 4.2× – 10.7× |
| 股价 / FCF | 98.1× | 87.2× | 32.5× – 212.2× |
| 股价 / 净资产 | 12.2× | 7.8× | 1.8× – 23.6× |
| FCF收益率 | 1.0% | 1.7% | 0.5% – 3.1% |
| 投入资本回报率 | 7.6% | 9.5% | 0.6% – 37.0% |
| 净资产收益率 | 10.1% | 11.2% | 1.5% – 42.2% |
分析师
一致目标价 $627.14 (+24.2%)
区间 $340.00 – $1,250.00 · 评级 Buy
强烈买入1
买入50
持有20
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $514亿 | +48.3% | $7.65 | +188.8% | 66.0× | 30 |
| FY2027 | $907亿 | +76.6% | $16.28 | +112.7% | 31.0× | 32 |
| FY2028 | $1260亿 | +39.4% | $23.81 | +46.3% | 21.2× | 20 |
| FY2029 | $1640亿 | +29.5% | $31.37 | +31.7% | 16.1× | 9 |
| FY2030 | $2320亿 | +41.9% | $43.74 | +39.4% | 11.5× | 9 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Advanced Micro Devices, Inc.在近期10-Q / 10-K文件中标记的全部319项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $11亿 | – | – | – | – | – | |
| Accounts Payable, Current | $53.6亿 | $30.8亿 | +74.0% | $29.3亿 | $24.7亿 | +18.8% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $72.8亿 | $51.2亿 | +42.3% | $63.2亿 | $61.9亿 | +2.0% |
| Accrued Income Taxes, Noncurrent | $8.73亿 | $7.38亿 | +18.3% | $14亿2023-12-30 | $13亿 | +7.7% |
| Accrued Liabilities | $55.5亿 | $44.8亿 | +23.8% | – | – | – |
| Accrued Liabilities, Current | $55.5亿 | $44.8亿 | +23.8% | $52.5亿 | $42.6亿 | +23.2% |
| Accrued Marketing Costs, Current | $15.8亿 | $12.2亿 | +29.3% | – | – | – |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $29亿 | $24.3亿 | +19.3% | $26.2亿 | $21.7亿 | +20.4% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$7400万 | $1000万 | -840.0% | -$300万 | -$6900万 | +95.7% |
| Additional Paid in Capital, Common Stock | $614亿 | $622亿 | -1.4% | $634亿 | $614亿 | +3.3% |
| Amortization | – | – | – | $22.5亿 | $23.9亿 | -5.8% |
| Amortization of Intangible Assets | $5.44亿 | $5.68亿 | -4.2% | $23亿 | $24亿 | -4.2% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | – | – | – | 900万 | 100万 | +800.0% |
| AssetAcquisitionContingentConsiderationLiability | $3.61亿2025-09-27 | $0 | – | – | – | – |
| Assets | $845亿 | $748亿 | +12.9% | $769亿 | $692亿 | +11.1% |
| Assets, Current | $315亿 | $245亿 | +28.6% | $269亿 | $190亿 | +41.5% |
| Business Combination, Acquisition Related Costs | $02025-12-27 | – | – | $4700万 | – | – |
| Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | – | – | – | -$4.82亿 | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | $36.2亿 | – | – | $4400万2012-03-23 | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | $39.8亿 | – | – | – | – | – |
| Capital Expenditures Incurred but Not yet Paid | $9200万 | $1.86亿 | -50.5% | $1.29亿 | $1.44亿 | -10.4% |
| Cash and Cash Equivalents, at Carrying Value | $50.9亿 | $44.4亿 | +14.5% | $55.4亿 | $37.9亿 | +46.3% |
| Cash and Cash Equivalents, at Carrying Value, Including Discontinued Operations | $50.9亿 | $44.4亿 | +14.5% | – | – | – |
| Cash Provided by (Used in) Investing Activities, Discontinued Operations | $13.5亿2025-12-27 | $0 | – | $13.2亿 | $0 | – |
| Cash Provided by (Used in) Operating Activities, Discontinued Operations | $2.96亿2025-12-27 | $0 | – | $12.2亿 | $0 | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $55.6亿2025-12-27 | $38.1亿 | +45.8% | $55.6亿 | $38.1亿 | +45.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations | $55.6亿2025-12-27 | $38.1亿 | +45.8% | – | – | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $51亿 | $44.5亿 | +14.5% | $55.6亿 | $38.1亿 | +45.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$4.99亿 | -$16.1亿 | +68.9% | $17.5亿 | -$1.22亿 | +1,530.3% |
| Class of Warrant or Right, Exercise Price of Warrants or Rights | $0.012026-03-28 | – | – | $0.01 | – | – |
| Class of Warrant or Right, Outstanding | 1.6亿2026-03-28 | – | – | – | – | – |
| Common Stock, Capital Shares Reserved for Future Issuance | 1.07亿 | – | – | 7210万2016-12-31 | 8300万 | -13.1% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 40亿 | 40亿 | 0.0% | 40亿 | 40亿 | 0.0% |
| Common Stock, Shares, Issued | 16.3亿 | 16.8亿 | -3.1% | 17亿 | 16.8亿 | +0.9% |
| Common Stock, Shares, Outstanding | 16.3亿 | 16.2亿 | +0.6% | 16.3亿 | 16.2亿 | +0.5% |
| Common Stock, Value, Issued | $1600万 | $1700万 | -5.9% | $1700万 | $1700万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $23亿 | $9.22亿 | +148.9% | $44亿 | $15.8亿 | +178.2% |
| Construction in Progress, Gross | $11.5亿 | $5.75亿 | +99.7% | $5.08亿 | $3.24亿 | +56.8% |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization | $50.7亿 | $43.7亿 | +16.2% | $165亿 | $121亿 | +35.8% |
| Cost of Goods and Services Sold | $53.3亿 | $46.3亿 | +15.3% | $175亿 | $131亿 | +33.9% |
| Costs and Expenses | $95.5亿 | $78.2亿 | +22.1% | – | – | – |
| Current Federal Tax Expense (Benefit) | – | – | – | -$4.93亿 | $13.4亿 | -136.8% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1.06亿 | $1.42亿 | -25.4% |
| Current Income Tax Expense (Benefit) | – | – | – | -$3.55亿 | $15.4亿 | -123.0% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $3200万 | $6400万 | -50.0% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | -$2400万 | -$3200万 | +25.0% | $2800万 | $2900万 | -3.4% |
| Debt Securities, Available-for-sale | $114亿 | $50.5亿 | +126.3% | $93.7亿 | $40亿 | +134.2% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $100万 | $200万 | -50.0% | $400万 | $0 | – |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $3000万 | $200万 | +1,400.0% | $100万 | $300万 | -66.7% |
| Debt Securities, Available-for-sale, Amortized Cost | $115亿 | $50.5亿 | +126.9% | $93.7亿 | $40亿 | +134.0% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $2000万 | – | – | – | – | – |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $40亿 | $4.94亿 | +710.5% | – | – | – |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $1900万 | – | – | – | – | – |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $39.8亿 | $4.95亿 | +703.6% | – | – | – |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Amortized Cost | $22亿2025-12-27 | $4.06亿 | +440.6% | $22亿 | $4.06亿 | +440.6% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value | $22亿2025-12-27 | $4.05亿 | +443.0% | $22亿 | $4.05亿 | +443.0% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Amortized Cost | $66.8亿 | $25.1亿 | +166.6% | $65.3亿 | $20.7亿 | +214.9% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value | $66.8亿 | $25.1亿 | +166.4% | $65.3亿 | $20.7亿 | +214.9% |
| Debt, Long-term and Short-term, Combined Amount | $32.3亿 | $32.2亿 | +0.2% | $32.2亿 | $17.2亿 | +87.2% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-27, 10-Q 2026-03-28, 10-K 2025-12-27, 10-Q 2025-09-27, 10-Q 2025-06-28, 10-Q 2025-03-29, 10-K 2024-12-28, 10-Q 2024-09-28, 10-Q 2024-06-29
数据截至 2026-11-01