Analysis of Inventory
Paying user area
Try for free
Advanced Micro Devices Inc. pages available for free this week:
- Statement of Comprehensive Income
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Selected Financial Data since 2005
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Advanced Micro Devices Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Inventory Disclosure
Advanced Micro Devices Inc., balance sheet: inventory
US$ in millions
| Dec 27, 2025 | Dec 28, 2024 | Dec 30, 2023 | Dec 31, 2022 | Dec 25, 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Raw materials | |||||||||||
| Work in process | |||||||||||
| Finished goods | |||||||||||
| Inventories |
Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25).
The composition of inventories has undergone significant changes over the five-year period. A consistent upward trend is evident across all inventory categories, indicating a general increase in the company’s investment in inventory. However, the rate of increase varies considerably between the different stages of production.
- Raw Materials
- Raw materials experienced the most substantial proportional increase. Beginning at US$82 million in 2021, the value rose steadily to US$231 million in 2022 and US$279 million in 2023. The growth accelerated significantly in 2024, reaching US$351 million, and continued sharply in 2025, culminating in US$909 million. This suggests a potential anticipation of increased production or supply chain concerns leading to increased buffering of raw material stock.
- Work in Process
- Work in process consistently represents the largest component of total inventory. It increased from US$1,676 million in 2021 to US$2,648 million in 2022, and US$3,260 million in 2023. Growth continued to US$4,289 million in 2024 and further to US$4,768 million in 2025. While consistently the largest portion, the rate of increase appears to be moderating in the later years compared to the growth observed in raw materials.
- Finished Goods
- Finished goods exhibited a substantial increase from US$197 million in 2021 to US$892 million in 2022. While the growth slowed in 2023 to US$812 million, it resumed in 2024, reaching US$1,094 million, and continued strongly in 2025 to US$2,243 million. This suggests potential challenges in converting work in process into saleable products in 2023, followed by improved efficiency or increased demand in subsequent periods.
- Total Inventories
- Total inventories increased from US$1,955 million in 2021 to US$3,771 million in 2022, US$4,351 million in 2023, US$5,734 million in 2024, and ultimately to US$7,920 million in 2025. The accelerating growth in total inventory, particularly in the later years, warrants further investigation to determine if it aligns with corresponding increases in revenue and sales. The composition shift towards raw materials in 2025 is particularly noteworthy.
Overall, the observed trends indicate a significant expansion of inventory levels across all categories. The accelerating growth in raw materials, coupled with the substantial increase in finished goods in 2025, suggests a potential shift in inventory management strategy or a response to evolving market conditions. Continued monitoring of these trends in relation to sales and production volumes is recommended.