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.

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

US$ in millions

	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	Dec 26, 2020	Sep 26, 2020	Jun 27, 2020	Mar 28, 2020
Cash and cash equivalents	4,808)	4,442)	6,049)	3,787)	3,897)	4,113)	4,190)	3,933)	3,561)	3,841)	3,825)	4,835)	3,398)	4,964)	4,740)	2,535)	2,440)	2,623)	1,763)	1,595)	1,296)	1,775)	1,330)
Short-term investments	2,435)	1,425)	1,261)	1,345)	647)	1,227)	1,845)	1,840)	2,224)	2,444)	2,114)	1,020)	2,193)	1,028)	1,792)	1,073)	1,168)	1,170)	1,353)	695)	475)	—)	55)
Accounts receivable, net	6,201)	5,115)	5,443)	6,192)	7,241)	5,749)	5,038)	5,376)	5,054)	4,312)	4,040)	4,126)	4,336)	4,050)	3,677)	2,706)	2,224)	2,020)	2,178)	2,066)	2,134)	1,789)	1,691)
Inventories	7,313)	6,677)	6,416)	5,734)	5,374)	4,991)	4,652)	4,351)	4,445)	4,567)	4,235)	3,771)	3,369)	2,648)	2,431)	1,955)	1,902)	1,765)	1,653)	1,399)	1,292)	1,324)	1,056)
Assets held for sale	3,990)	4,326)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Prepaid expenses and other current assets	2,253)	2,534)	2,426)	1,991)	1,576)	1,385)	1,359)	1,268)	1,404)	1,341)	1,444)	1,267)	1,124)	772)	729)	314)	254)	240)	250)	388)	303)	221)	258)
Current assets	27,000)	24,519)	21,595)	19,049)	18,735)	17,465)	17,084)	16,768)	16,688)	16,505)	15,658)	15,019)	14,420)	13,462)	13,369)	8,583)	7,988)	7,818)	7,197)	6,143)	5,500)	5,109)	4,390)
Property and equipment, net	2,205)	2,128)	1,921)	1,802)	1,669)	1,666)	1,624)	1,589)	1,566)	1,541)	1,500)	1,513)	1,486)	1,441)	1,406)	702)	717)	671)	681)	641)	595)	585)	540)
Goodwill	25,083)	25,083)	24,839)	24,839)	24,839)	24,262)	24,262)	24,262)	24,186)	24,177)	24,177)	24,177)	24,187)	24,193)	23,083)	289)	289)	289)	289)	289)	289)	289)	289)
Acquisition-related intangibles, net	17,250)	17,812)	18,363)	18,930)	19,572)	20,138)	20,741)	21,363)	21,950)	22,598)	23,291)	24,118)	25,162)	26,159)	26,832)	—)	—)	—)	—)	—)	—)	—)	—)
Deferred tax assets	633)	860)	845)	688)	1,183)	617)	433)	366)	76)	68)	67)	58)	32)	32)	32)	931)	1,036)	1,090)	1,162)	1,245)	—)	—)	—)
Other non-current assets	4,720)	4,418)	3,987)	3,918)	3,638)	3,738)	3,751)	3,537)	3,160)	3,078)	2,941)	2,695)	2,524)	2,215)	2,193)	1,914)	1,123)	823)	718)	644)	639)	600)	645)
Non-current assets	49,891)	50,301)	49,955)	50,177)	50,901)	50,421)	50,811)	51,117)	50,938)	51,462)	51,976)	52,561)	53,391)	54,040)	53,546)	3,836)	3,165)	2,873)	2,850)	2,819)	1,523)	1,474)	1,474)
Total assets	76,891)	74,820)	71,550)	69,226)	69,636)	67,886)	67,895)	67,885)	67,626)	67,967)	67,634)	67,580)	67,811)	67,502)	66,915)	12,419)	11,153)	10,691)	10,047)	8,962)	7,023)	6,583)	5,864)

Liquidity Trends: Cash and cash equivalents experienced substantial growth between early 2020 and early 2022, rising from approximately $1.3 billion to about $4.7 billion. This upward trend was followed by fluctuations, with cash holdings decreasing somewhat in mid and late 2022 and early 2023, then recovering in subsequent quarters, reaching around $6 billion in mid-2025. Short-term investments showed a more volatile pattern, initially increasing substantially from 2020 through early 2022, but demonstrating intermittent declines and partial recoveries thereafter. Overall, current assets grew significantly, nearly tripling from about $4.4 billion in early 2020 to $27 billion by mid-2025, indicating improved liquidity over the period.
Receivables and Inventories: Accounts receivable increased steadily, rising from roughly $1.7 billion in early 2020 to over $7 billion by late 2024, before moderating slightly below $6.5 billion towards mid-2025. This growth suggests expansion in sales or credit extended to customers. Inventories also exhibited consistent growth, nearly sevenfold from approximately $1 billion to above $7 billion during the same period, reflecting either increased production, stockpiling, or challenges in inventory turnover. The scaling of both receivables and inventories suggests a higher operational volume and possibly a strategic buildup of resources.
Property and Equipment: Net property and equipment showed a gradual and steady increase from just over $500 million in early 2020 to approximately $2.2 billion by mid-2025. This reflects ongoing capital investment in fixed assets, supporting operational capacity expansion or modernization efforts.
Intangible Assets and Goodwill: Goodwill remained stable at approximately $289 million through 2020, then jumped dramatically to over $23 billion by early 2022, stabilizing near $25 billion through mid-2025. This likely resulted from acquisition activity or revaluation. Acquisition-related intangibles exhibited a declining trend from around $26.8 billion in early 2022 to about $17.3 billion by mid-2025, indicating amortization or impairment over time. These patterns highlight the significant impact of acquisitions on the company’s asset base.
Other Assets: Deferred tax assets fluctuated greatly, starting above $1.2 billion in late 2020, dropping sharply in 2021, and then progressively recovering to approximately $860 million by mid-2025. Other non-current assets increased steadily from $645 million in early 2020 to nearly $4.7 billion by mid-2025. The rise in these assets contributes significantly to overall asset growth.
Overall Asset Growth: Total assets surged from approximately $5.9 billion in early 2020 to nearly $77 billion by mid-2025. Notably, asset growth was modest until the end of 2021, followed by a dramatic increase between early 2022 and throughout 2025 driven primarily by large increases in goodwill and acquisition-related intangibles, alongside rises in current assets and property and equipment. The large asset base accumulation post-2021 is likely linked to strategic acquisitions and expansion.

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Advanced Micro Devices Inc. (NASDAQ:AMD)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data