Free cash flow
Advanced Micro Devices Free cash flow increased by 25.1% to $2.38B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 118.0%, from $1.09B to $2.38B. Over 4 years (FY 2021 to FY 2025), Free cash flow shows an upward trend with a 20.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
cf_free_cash_flowHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $888.00M | $764.00M | $736.00M | $924.00M | $906.00M | $842.00M | $443.00M | $328.00M | $254.00M | $297.00M | $242.00M | $379.00M | $439.00M | $496.00M | $1.09B | $727.00M | $1.73B | $1.90B | $2.38B |
| QoQ Change | — | -14.0% | -3.7% | +25.5% | -1.9% | -7.1% | -47.4% | -26.0% | -22.6% | +16.9% | -18.5% | +56.6% | +15.8% | +13.0% | +120.0% | -33.4% | +137.8% | +9.9% | +25.1% |
| YoY Change | — | — | — | — | +2.0% | +10.2% | -39.8% | -64.5% | -72.0% | -64.7% | -45.4% | +15.5% | +72.8% | +67.0% | +350.8% | +91.8% | +293.8% | +283.3% | +118.0% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is Advanced Micro Devices's free cash flow?
- Advanced Micro Devices (AMD) reported free cash flow of $2.38B in Q4 2025.
- How has Advanced Micro Devices's free cash flow changed year-over-year?
- Advanced Micro Devices's free cash flow increased by 118.0% year-over-year, from $1.09B to $2.38B.
- What is the long-term trend for Advanced Micro Devices's free cash flow?
- Over 4 years (2021 to 2025), Advanced Micro Devices's free cash flow has grown at a 20.3% compound annual growth rate (CAGR), from $3.22B to $6.74B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.