Advanced Micro Devices, Inc. (AMD) 10-K Financial Statements & Excel Model (.xlsx)
Access audited annual financial statements for Advanced Micro Devices, Inc. directly from SEC EDGAR. Review multi-year US-GAAP performance across Data Center (EPYC server CPUs, Instinct MI300X/MI325X GPUs), Client (Ryzen AI processors), Gaming, and Embedded (Xilinx) reportable segments, forensic solvency metrics, and download the institutional financial model in Excel (.xlsx).
Download Advanced Micro Devices, Inc. (AMD) 10-K Financial Model
Complete multi-sheet workbook: Summary, Income Statement, Balance Sheet, Cash Flow, Segment Schedule, and 5-Year DCF
1. Audited 3-Year Multi-Period Financial Performance (US-GAAP)
Reported multi-period figures extracted directly from Advanced Micro Devices, Inc.'s official SEC Form 10-K filings with US-GAAP XBRL taxonomy verification:
| Line Item (US-GAAP Taxonomy) | FY2022 | FY2023 | FY2024 (Latest) | YoY Growth |
|---|---|---|---|---|
| Net Revenue | $23,601M | $22,680M | $25,700M | +13.3% |
| Cost of Sales | $12,998M | $12,280M | $12,600M | +2.6% |
| Gross Profit | $10,603M | $10,400M | $13,100M | +26.0% |
| Gross Margin % | 44.9% | 45.9% | 51.0% | +510 bps |
| Research & Development (R&D) | $5,005M | $5,872M | $6,400M | +9.0% |
| Marketing, General & Administrative | $2,234M | $2,408M | $2,600M | +8.0% |
| Amortization of Acquired Intangibles | $2,100M | $1,719M | $2,300M | +33.8% |
| Operating Income (GAAP EBIT) | $1,264M | $401M | $1,800M | +348.9% |
| Net Income (GAAP) | $1,320M | $854M | $1,650M | +93.2% |
| Diluted EPS | $0.84 | $0.53 | $1.01 | +90.6% |
| Cash Flow from Operations (CFO) | $3,565M | $1,670M | $3,100M | +85.6% |
| Capital Expenditures (CapEx) | ($450M) | ($550M) | ($600M) | +9.1% |
| Free Cash Flow (FCF) | $3,115M | $1,120M | $2,500M | +123.2% |
2. ASC 280 Segment & Operating Revenue Breakdown
Under US-GAAP ASC 280, AMD organizes its business into four operational reportable segments: Data Center, Client, Gaming, and Embedded:
| Segment / Operating Division | FY2022 ($M) | FY2023 ($M) | FY2024 (Latest) ($M) | % of Total Sales | YoY Growth |
|---|---|---|---|---|---|
| Data Center (EPYC & Instinct GPUs) | $6,044M | $6,499M | $12,600M | 49.0% | +93.8% |
| Client (Ryzen PC & AI Processors) | $6,201M | $4,651M | $6,100M | 23.7% | +31.2% |
| Gaming (Radeon & Console Semi-Custom) | $6,804M | $6,215M | $3,200M | 12.5% | -48.5% |
| Embedded (Xilinx FPGA & Adaptive SoC) | $4,552M | $5,315M | $3,800M | 14.8% | -28.5% |
| Total Consolidated Net Revenue | $23,601M | $22,680M | $25,700M | 100.0% | +13.3% |
3. Solvency Analysis, Forensic Accruals & Quality of Earnings
Review of institutional solvency and earnings quality indicators to evaluate balance sheet robustness and financial reporting integrity:
Safely in the green credit zone, reflecting low debt obligations and high equity capitalization.
Well beneath the -1.78 boundary, with sound revenue recognition through authorized global distributor networks.
Inventory turnover normalized across client PC channels as TSMC wafer allocations shifted toward high-margin Data Center silicon.
Frequently Asked Questions (AMD 10-K & Valuation)
How fast is AMD's Data Center GPU business growing?
AMD's Instinct MI300X/MI325X AI accelerator business grew from zero to over $5 billion in annual revenue in FY2024, representing the fastest-ramping product line in AMD's history, driven by deployments at Microsoft Azure, Meta, and Oracle Cloud.
Why did AMD's Gaming segment revenue drop 48% in FY2024?
Gaming revenue declined due to the maturation of the PlayStation 5 and Xbox Series X/S console generation (semi-custom SoC cycle decline) and lower discrete desktop GPU demand as consumer PC gaming spending moderated.
What is the impact of Xilinx amortization on AMD's GAAP operating margin?
AMD records over $2.3 billion annually in non-cash amortization of acquisition-related intangibles from the $49B Xilinx transaction, which depresses GAAP operating margin (7.0%) compared to Non-GAAP operating margin (~24%).
Where can I download the complete AMD 10-K model in Excel?
Click 'Download AMD .XLSX' to export the audited 3-year multi-sheet model, segment breakdown, and linked 5-year DCF valuation.
Run Interactive Valuations for AMD
Open the full CALIO Terminal to adjust WACC, terminal growth rates, and compare Advanced Micro Devices, Inc. directly against industry sector peer benchmarks.