Stock Analysis on Net
Stock Analysis on Net

Advanced Micro Devices Inc. (NASDAQ:AMD)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Advanced Micro Devices Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jun 27, 2026 Mar 28, 2026 Dec 27, 2025 Sep 27, 2025 Jun 28, 2025 Mar 29, 2025 Dec 28, 2024 Sep 28, 2024 Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Sep 24, 2022 Jun 25, 2022 Mar 26, 2022 Dec 25, 2021 Sep 25, 2021 Jun 26, 2021 Mar 27, 2021
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Inventories
Assets held for sale
Prepaid expenses and other current assets
Current assets
Property and equipment, net
Goodwill
Acquisition-related intangibles, net
Deferred tax assets
Other non-current assets
Non-current assets
Total assets

Based on: 10-Q (reporting date: 2026-06-27), 10-Q (reporting date: 2026-03-28), 10-K (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-24), 10-Q (reporting date: 2022-06-25), 10-Q (reporting date: 2022-03-26), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27).


A fundamental structural shift in the asset composition occurred between December 2021 and March 2022. The balance sheet transitioned from a liquidity-heavy position, dominated by current assets, to a structure heavily weighted toward non-current assets, specifically intangible assets and goodwill. This shift indicates a significant capital allocation event, likely a large-scale acquisition, which fundamentally altered the common-size distribution of the company's resources.

Liquidity and Current Asset Trends
Current assets experienced a precipitous decline from a peak of 73.13% in June 2021 to 19.98% by March 2022. Following this contraction, a steady upward trajectory is observed, with current assets rising to 37.32% by June 2026. This recovery is driven primarily by a gradual increase in inventory levels and a modest recovery in cash positions.
Cash and cash equivalents, which accounted for 24.53% of total assets in mid-2021, stabilized at a significantly lower range between 5% and 8% from 2022 through 2026. Short-term investments followed a similar pattern of contraction, though they show a notable increase toward the end of the period, reaching 9.50% by June 2026.
Intangible Assets and Goodwill
The most prominent change in the asset base is the surge in goodwill and acquisition-related intangibles starting in March 2022. Goodwill jumped from 2.33% in December 2021 to 34.50% in March 2022, remaining relatively stable around the 30% to 35% range for the remainder of the period.
Acquisition-related intangibles peaked at 40.10% in March 2022 and exhibit a consistent, linear downward trend, reaching 18.51% by June 2026. This pattern is characteristic of systematic amortization of intangible assets over time.
Operational Asset Analysis
Inventories as a percentage of total assets dropped sharply in early 2022 but have since shown a consistent upward trend, growing from 3.63% in March 2022 to 10.03% by June 2026. This suggests an increase in the relative scale of operational stock compared to the total asset base.
Accounts receivable, net, showed a similar shift, falling from approximately 21% in 2021 to around 6% in early 2022, before gradually climbing back to 8.62% by June 2026. The volatility in this metric suggests fluctuating credit terms or changes in revenue recognition cycles relative to asset growth.
Other Non-Current Asset Movements
Property and equipment, net, remained a small portion of the total assets throughout the period, though a slight increase is observed from 2.10% in March 2022 to 4.07% by June 2026, indicating a gradual increase in capital expenditures.
Deferred tax assets saw a near-total collapse from 11.57% in March 2021 to 0.05% in March 2022, remaining negligible throughout the rest of the observed period.