ADVANCED MICRO DEVICES INC
For the period ended Mar 28, 2026. Filed May 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 28, 2026 · Filed May 6, 2026
AMD$515.21+1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| March 28,2026 | March 29,2025 | |
| (In millions) | ||
| Cash flows from operating activities: | ||
| Net income | $1,383 | $709 |
| Income from discontinued operations, net of tax | (11) | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 206 | 175 |
| Amortization of acquisition-related intangibles | 551 | 567 |
| Stock-based compensation | 487 | 364 |
| Deferred income taxes | (79) | (167) |
| (Gains) losses on long-term investments, net | (66) | 2 |
| Other | 28 | 37 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 280 | 748 |
| Inventories | (125) | (682) |
| Prepaid expenses and other assets | (308) | (237) |
| Accounts payable | (104) | (289) |
| Accrued and other liabilities | 713 | (288) |
| Net cash flows provided by operating activities of continuing operations | 2,955 | 939 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (389) | (212) |
| Purchases of short-term investments | (2,545) | (304) |
| Proceeds from maturity of short-term investments | 652 | 365 |
| Proceeds from sale of short-term investments | 126 | 33 |
| Purchases of long-term investments | (409) | (239) |
| Net cash used in investing activities of continuing operations | (2,565) | (357) |
| Cash flows from financing activities: | ||
| Proceeds from debt and commercial paper issuance, net of issuance costs | — | 2,441 |
| Proceeds from sales of common stock through employee equity plans | 5 | 4 |
| Repurchases of common stock | (221) | (749) |
| Stock repurchases for tax withholding on employee equity plans | (134) | (30) |
| Net cash (used in) provided by financing activities of continuing operations | (350) | 1,666 |
| Net increase in cash, cash equivalents and restricted cash | 40 | 2,248 |
| Cash, cash equivalents and restricted cash at beginning of period | 5,556 | 3,811 |
| Cash, cash equivalents and restricted cash at end of period | $5,596 | $6,059 |
Condensed Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| March 28,2026 | March 29,2025 | |
| (In millions) | ||
| Supplemental cash flow information: | ||
| Cash paid during the period for: | ||
| Income taxes, net of refunds | $30 | $128 |
| Non-cash investing and financing activities: | ||
| Purchases of property and equipment, accrued but not paid | $329 | $147 |
| Reconciliation of cash, cash equivalents and restricted cash | ||
| Cash and cash equivalents | $5,585 | $6,049 |
| Restricted cash included in Prepaid expenses and other current assets | 11 | 10 |
| Cash, cash equivalents and restricted cash at end of period | $5,596 | $6,059 |
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