Common-Size Income Statement
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Present Value of Free Cash Flow to Equity (FCFE)
- Operating Profit Margin since 2005
- Current Ratio since 2005
- Total Asset Turnover since 2005
- Price to Sales (P/S) since 2005
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Advanced Micro Devices Inc., common-size consolidated income statement (quarterly data)
Based on: 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), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).
- Cost of Sales
- The cost of sales as a percentage of net revenue showed a general declining trend from March 2020 through mid-2024, decreasing from approximately 54.2% to a low near 45.5%-46%, suggesting improving production efficiency or cost management. However, notable increases are observed around late 2024 and early 2025, with percentages rising back towards mid-50s in one period, signaling potential cost pressures or changes in cost structure during those quarters.
- Amortization of Acquisition-Related Intangibles in Cost of Sales
- This component, starting from absence of data, emerged around late 2021 and increased through 2022, peaking near 7.9%-10.7% of net revenue in various quarters, before steadily declining again through 2023 and 2024. This pattern reflects an increasing cost impact from acquisition-related intangible assets followed by amortization expense reduction over time.
- Gross Profit
- Gross profit margin improved overall from roughly 44% in early 2020 to consistently exceeding 50% in several quarters around 2024, indicating strengthening profitability at the gross margin level. A notable dip around 2022 occurred, coinciding with rising cost of sales, before recovery to new highs in later periods.
- Research and Development Expenses
- R&D expenses as a percentage of net revenue fluctuated between approximately 17% and 27% over the period, showing a general upward tendency beginning in 2021 through 2024. This indicates continued or increasing investment in innovation and product development, with some variability but remaining a significant portion of revenues.
- Marketing, General and Administrative Expenses
- These expenses as a share of revenue were relatively stable around 9%-12%, with slight increases observed in the quarters toward late 2024. There is a moderate fluctuation but no strong upward or downward trend is dominant, suggesting stable operational overhead relative to revenue.
- Amortization of Acquisition-Related Intangibles in Operating Expenses
- Similar to the cost of sales category, amortization charges within operating expenses rose notably from late 2021, peaking above 10% in some quarters in 2022, then gradually decreased throughout 2023 and 2024. This pattern aligns with the lifecycle of acquisition intangible asset charges impacting operating expenses.
- Restructuring Charges
- Minor restructuring charges appeared in isolated quarters late in the timeline, indicating occasional corporate restructuring activity but not representing a continuous influence on financial results.
- Licensing Gains
- Licensing gains, though minimal in earlier periods, showed small but consistent positive contributions starting roughly in 2021 and continuing thereafter, with occasional modest increases. This suggests some growth or stabilization in income from intellectual property licensing.
- Operating Income
- Operating income margins were generally strong early on, around 10%-25% of revenue through 2021, followed by a significant decline into negative territory in late 2021 and most of 2022, reflecting operational challenges. Recovery began in 2023 and continued with positive growth into 2024 and early 2025, indicating improved operational performance.
- Interest Expense
- Interest expense as a percentage of revenue remained low and relatively stable around 0.2%-0.7%, with slight increases in some late periods, suggesting manageable borrowing costs without substantial volatility.
- Other Income (Expense), Net
- The other income/expense line showed variability without a distinct trend, generally near zero, sometimes slightly positive or negative, indicating variable ancillary income or expenses with no material ongoing impact.
- Income Before Taxes and Equity Income
- This metric correlates with operating income trends, showing healthy margins above 20% in 2021, a sharp slump into negative territory in 2022, followed by progressive recovery through 2023 and 2024 to positive double-digit percentages again in 2024 and early 2025.
- Income Tax Provision
- Income tax amounts fluctuated widely, including an anomalous 37.98% in late 2020, followed by generally low or negative tax impacts in most quarters. The variability indicates irregular tax events, credits, or expense recoveries affecting net profitability on a non-consistent basis.
- Equity Income in Investee
- Equity income remained a small positive contributor around 0.05% to 0.16% of net revenue, generally stable with slight increases over time, implying modest income from equity investments.
- Net Income
- Net income margins reflected the patterns seen at the operating level, with strong positive percentages in early years (above 9%), a notable spike in late 2020 driven by non-recurring factors, followed by significant declines in 2022 including some negative quarters. Recovery became evident in 2023 and continued into 2024 and 2025 with improving positive margins exceeding 10% in several recent quarters. This indicates a rebound in overall profitability after a challenging period.