Stock Analysis on Net

Advanced Micro Devices Inc. (NASDAQ:AMD)

$24.99

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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

US$ in millions

Microsoft Excel
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: 2026-03-28), 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).


Total assets experienced a structural shift between December 2021 and March 2022, increasing from $12.4 billion to $66.9 billion. This expansion was primarily driven by a significant acquisition, which introduced substantial amounts of goodwill and intangible assets to the balance sheet. Following this event, total assets maintained a general upward trajectory, reaching $79.6 billion by March 2026.

Current Asset Evolution
Current assets grew steadily from $7.2 billion in March 2021 to $28.6 billion by March 2026. This growth is characterized by significant increases across multiple liquidity and operational components. Cash and cash equivalents, combined with short-term investments, showed a marked increase in the latter part of the period, with short-term investments rising sharply to $6.7 billion by March 2026.
Accounts receivable demonstrated a consistent upward trend, growing from $2.1 billion in March 2021 to $6.0 billion in March 2026, peaking at $7.2 billion in September 2024. This suggests an increase in credit sales and overall revenue scale.
Inventories exhibited the most aggressive growth among current assets, rising from $1.6 billion in March 2021 to $8.0 billion in March 2026. This five-fold increase indicates a substantial scaling of production capacity and inventory stockpiling to support demand.
Non-Current Asset Dynamics
The non-current asset profile was fundamentally altered in March 2022. Goodwill surged from $289 million to $23.1 billion and remained relatively stable, ending at $25.3 billion in March 2026. Conversely, acquisition-related intangibles, which peaked at $26.8 billion in March 2022, showed a consistent downward trend due to amortization, declining to $16.1 billion by March 2026.
Property and equipment, net, showed steady organic growth, increasing from $681 million in March 2021 to $2.7 billion in March 2026, reflecting ongoing investment in physical infrastructure.
Other non-current assets grew significantly from $718 million in March 2021 to $6.3 billion in March 2026, contributing to the overall expansion of the non-current asset base.
Notable Fluctuations and Observations
A temporary increase in assets was observed in mid-2025 due to the recognition of assets held for sale, which peaked at $4.3 billion in June 2025 before being removed from the balance sheet by the end of the year.
Deferred tax assets showed significant volatility, dropping sharply after the March 2022 acquisition before recovering to $476 million by March 2026.

Assets: Selected Items


Current Assets: Selected Items