What is Advanced Micro Devices's R&D?

Advanced Micro Devices (AMD) reported R&D of $2.4B in Q1 2026.

How has Advanced Micro Devices's R&D changed year-over-year?

Advanced Micro Devices's R&D increased by 38.7% year-over-year, from $1.73B to $2.4B.

What is the long-term trend for Advanced Micro Devices's R&D?

Over 4 years (2021 to 2025), Advanced Micro Devices's R&D has grown at a 29.9% compound annual growth rate (CAGR), from $2.85B to $8.09B.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Advanced Micro Devices AMD R&D

R&D at other companies

IntelINTC

$3.38B-7.3%

Lattice SemiconductorLSCC

$50.84M+22.8%

NvidiaNVDA

$6.32B+58.5%

TTM TechnologiesTTMI

$7.81M-3.2%

Marvell Technology, Inc.MRVL

$652.3M+28.5%

Amkor TechnologyAMKR

$41.76M-8.5%

Other financials

Income statement

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Revenue$10.3B+37.8%

Gross profit$5.4B+45.0%

Operating income$1.5B+83.1%

Net income$1.4B+95.1%

EPS (diluted)$0.84+90.9%

Balance sheet

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Cash & equivalents$5.6B-7.8%

Total debt$4.7B+0.3%

Total equity$64.5B+11.4%

Total assets$79.6B+11.3%

Cash flow

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Operating cash flow$3.0B+215%

CapEx$389.0M+83.5%

Free cash flow$2.6B+253%

Valuation

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Market cap$868.41B+318%

Enterprise value$867.57B+320%

P/E173.4×+80.0×

P/S23.2×+15.7×

Profitability

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Gross margin50.3%+0.2pp

Operating margin11.7%+2.0pp

Net margin13.4%+5.3pp

FCF margin22.9%+13.0pp

Returns & leverage

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Return on equity8.2%+4.3pp

Debt / equity0.1×0.0×

Current ratio2.7×-0.1×

Where this comes from

Reported directly by Advanced Micro Devices in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Advanced Micro Devices’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Advanced Micro Devices's R&D?: Advanced Micro Devices (AMD) reported R&D of $2.4B in Q1 2026.
How has Advanced Micro Devices's R&D changed year-over-year?: Advanced Micro Devices's R&D increased by 38.7% year-over-year, from $1.73B to $2.4B.
What is the long-term trend for Advanced Micro Devices's R&D?: Over 4 years (2021 to 2025), Advanced Micro Devices's R&D has grown at a 29.9% compound annual growth rate (CAGR), from $2.85B to $8.09B.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.