Advanced Micro Devices Inc (AMD)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 2,022,000 | 1,491,000 | 1,007,000 | 705,000 | 508,000 | 5,000 | -324,000 | 173,000 | 1,198,000 | 2,534,000 | 3,608,000 | 3,930,000 | 3,675,000 | 3,021,000 | 2,418,000 | 1,756,000 | 1,280,000 | 936,000 | 661,000 | 537,000 |
| Revenue (ttm) | US$ in thousands | 25,967,000 | 24,579,000 | 23,534,000 | 23,030,000 | 22,910,000 | 22,190,000 | 21,950,000 | 23,144,000 | 23,650,000 | 22,763,000 | 21,535,000 | 18,850,000 | 16,413,000 | 14,803,000 | 13,287,000 | 11,365,000 | 9,698,000 | 8,572,000 | 7,519,000 | 7,107,000 |
| Pretax margin | 7.79% | 6.07% | 4.28% | 3.06% | 2.22% | 0.02% | -1.48% | 0.75% | 5.07% | 11.13% | 16.75% | 20.85% | 22.39% | 20.41% | 18.20% | 15.45% | 13.20% | 10.92% | 8.79% | 7.56% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,022,000K ÷ $25,967,000K
= 7.79%
Advanced Micro Devices Inc has shown variability in its pretax margin over the past few years. The pretax margin has generally been on an upward trend from March 2020 to December 2021, reflecting improving profitability. The margins increased consistently from 7.56% in March 2020 to a peak of 22.39% in December 2021.
However, starting from March 2022, there has been a decline in the pretax margin, reaching a low of 0.75% in March 2023. The trend continued to be negative until June 2024, with a negative pretax margin of -1.48% in June 2023. Nevertheless, there was a slight recovery in the later half of 2024, with the margin increasing to 7.79% by December 2024.
Overall, the pretax margin for Advanced Micro Devices Inc has experienced fluctuations in recent periods, potentially indicating various internal and external factors influencing the company's operating profitability. Additional analysis would be needed to determine the specific reasons behind these fluctuations.
Peer comparison
Dec 31, 2024