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超威半导体（AMD）与安费诺（APH）财务数据对比。点击上方公司名可切换其他公司
超威半导体的季度营收约是安费诺的1.6倍（$10.3B vs $6.4B）。安费诺净利率更高（18.6% vs 14.7%，领先3.9%）。安费诺同比增速更快（49.1% vs 34.1%）。超威半导体自由现金流更多（$2.4B vs $1.5B）。过去两年安费诺的营收复合增速更高（40.6% vs 37.0%）
超威半导体（AMD）是总部位于美国加利福尼亚州圣克拉拉的跨国半导体企业，专注研发生产面向数据中心、游戏、个人电脑、嵌入式系统的高性能CPU、GPU及自适应片上系统，旗下拥有锐龙、霄龙、镭龙、Instinct等核心产品线，2022年收购赛灵思后拓展了FPGA及自适应计算业务，直接与英特尔、英伟达展开竞争。
安费诺是一家总部位于美国的电子零部件制造企业，核心产品涵盖电子连接器、光纤连接器、同轴电缆等各类线缆及互连系统，是全球互连解决方案领域的主流供应商，品牌名称源自其前身American Phenolic Corp的名称缩写组合。
AMD vs APH — 直观对比
营收规模更大
AMD
是对方的1.6倍
$6.4B
营收增速更快
APH
高出15.0%
34.1%
净利率更高
APH
高出3.9%
14.7%
自由现金流更多
AMD
多$909.5M
$1.5B
两年增速更快
APH
近两年复合增速
37.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $6.4B |
| 净利润 | $1.5B | $1.2B |
| 毛利率 | 54.3% | 38.2% |
| 营业利润率 | 17.1% | 26.8% |
| 净利率 | 14.7% | 18.6% |
| 营收同比 | 34.1% | 49.1% |
| 净利润同比 | 213.5% | 60.2% |
| 每股收益（稀释后） | $0.92 | $0.93 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AMDAPH
| Q4 25 | $10.3B | $6.4B | ||
| Q3 25 | $9.2B | $6.2B | ||
| Q2 25 | $7.7B | $5.7B | ||
| Q1 25 | $7.4B | $4.8B | ||
| Q4 24 | $7.7B | $4.3B | ||
| Q3 24 | $6.8B | $4.0B | ||
| Q2 24 | $5.8B | $3.6B | ||
| Q1 24 | $5.5B | $3.3B |
净利润AMDAPH
| Q4 25 | $1.5B | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $872.0M | $1.1B | ||
| Q1 25 | $709.0M | $737.8M | ||
| Q4 24 | $482.0M | $746.1M | ||
| Q3 24 | $771.0M | $604.4M | ||
| Q2 24 | $265.0M | $524.8M | ||
| Q1 24 | $123.0M | $548.7M |
毛利率AMDAPH
| Q4 25 | 54.3% | 38.2% | ||
| Q3 25 | 51.7% | 38.1% | ||
| Q2 25 | 39.8% | 36.3% | ||
| Q1 25 | 50.2% | 34.2% | ||
| Q4 24 | 50.7% | 34.3% | ||
| Q3 24 | 50.1% | 33.6% | ||
| Q2 24 | 49.1% | 33.6% | ||
| Q1 24 | 46.8% | 33.4% |
营业利润率AMDAPH
| Q4 25 | 17.1% | 26.8% | ||
| Q3 25 | 13.7% | 27.5% | ||
| Q2 25 | -1.7% | 25.1% | ||
| Q1 25 | 10.8% | 21.3% | ||
| Q4 24 | 11.4% | 22.1% | ||
| Q3 24 | 10.6% | 20.3% | ||
| Q2 24 | 4.6% | 19.4% | ||
| Q1 24 | 0.7% | 21.0% |
净利率AMDAPH
| Q4 25 | 14.7% | 18.6% | ||
| Q3 25 | 13.4% | 20.1% | ||
| Q2 25 | 11.3% | 19.3% | ||
| Q1 25 | 9.5% | 15.3% | ||
| Q4 24 | 6.3% | 17.3% | ||
| Q3 24 | 11.3% | 15.0% | ||
| Q2 24 | 4.5% | 14.5% | ||
| Q1 24 | 2.2% | 16.9% |
每股收益（稀释后）AMDAPH
| Q4 25 | $0.92 | $0.93 | ||
| Q3 25 | $0.75 | $0.97 | ||
| Q2 25 | $0.54 | $0.86 | ||
| Q1 25 | $0.44 | $0.58 | ||
| Q4 24 | $0.30 | $0.16 | ||
| Q3 24 | $0.47 | $0.48 | ||
| Q2 24 | $0.16 | $0.41 | ||
| Q1 24 | $0.07 | $0.87 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $10.6B | $11.4B |
| 总债务越低越好 | — | $14.6B |
| 股东权益账面价值 | $63.0B | $13.4B |
| 总资产 | $76.9B | $36.2B |
| 负债/权益比越低杠杆越低 | — | 1.09× |
8季度趋势，按日历期对齐
现金及短期投资AMDAPH
| Q4 25 | $10.6B | $11.4B | ||
| Q3 25 | $7.2B | $3.9B | ||
| Q2 25 | $5.9B | $3.2B | ||
| Q1 25 | $7.3B | $1.7B | ||
| Q4 24 | $5.1B | $3.3B | ||
| Q3 24 | $4.5B | $1.6B | ||
| Q2 24 | $5.3B | $1.3B | ||
| Q1 24 | $6.0B | $2.0B |
总债务AMDAPH
| Q4 25 | — | $14.6B | ||
| Q3 25 | — | $7.1B | ||
| Q2 25 | — | $7.1B | ||
| Q1 25 | — | $6.8B | ||
| Q4 24 | — | $6.5B | ||
| Q3 24 | — | $5.1B | ||
| Q2 24 | — | $5.0B | ||
| Q1 24 | — | $3.6B |
股东权益AMDAPH
| Q4 25 | $63.0B | $13.4B | ||
| Q3 25 | $60.8B | $12.5B | ||
| Q2 25 | $59.7B | $11.5B | ||
| Q1 25 | $57.9B | $10.3B | ||
| Q4 24 | $57.6B | $9.8B | ||
| Q3 24 | $57.0B | $9.5B | ||
| Q2 24 | $56.5B | $9.0B | ||
| Q1 24 | $56.2B | $8.7B |
总资产AMDAPH
| Q4 25 | $76.9B | $36.2B | ||
| Q3 25 | $76.9B | $27.1B | ||
| Q2 25 | $74.8B | $25.7B | ||
| Q1 25 | $71.5B | $22.9B | ||
| Q4 24 | $69.2B | $21.4B | ||
| Q3 24 | $69.6B | $19.6B | ||
| Q2 24 | $67.9B | $18.6B | ||
| Q1 24 | $67.9B | $16.7B |
负债/权益比AMDAPH
| Q4 25 | — | 1.09× | ||
| Q3 25 | — | 0.57× | ||
| Q2 25 | — | 0.62× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | 0.54× | ||
| Q2 24 | — | 0.56× | ||
| Q1 24 | — | 0.41× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $2.6B | $1.7B |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $1.5B |
| 自由现金流率自由现金流/营收 | 23.2% | 22.8% |
| 资本支出强度资本支出/营收 | 2.2% | 3.9% |
| 现金转化率经营现金流/净利润 | 1.72× | 1.44× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $4.4B |
8季度趋势，按日历期对齐
经营现金流AMDAPH
| Q4 25 | $2.6B | $1.7B | ||
| Q3 25 | $2.2B | $1.5B | ||
| Q2 25 | $2.0B | $1.4B | ||
| Q1 25 | $939.0M | $764.9M | ||
| Q4 24 | $1.3B | $847.1M | ||
| Q3 24 | $628.0M | $704.0M | ||
| Q2 24 | $593.0M | $664.1M | ||
| Q1 24 | $521.0M | $599.5M |
自由现金流AMDAPH
| Q4 25 | $2.4B | $1.5B | ||
| Q3 25 | $1.9B | $1.2B | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $727.0M | $576.3M | ||
| Q4 24 | $1.1B | $647.3M | ||
| Q3 24 | $496.0M | $474.0M | ||
| Q2 24 | $439.0M | $522.8M | ||
| Q1 24 | $379.0M | $505.2M |
自由现金流率AMDAPH
| Q4 25 | 23.2% | 22.8% | ||
| Q3 25 | 20.6% | 19.6% | ||
| Q2 25 | 22.5% | 19.8% | ||
| Q1 25 | 9.8% | 12.0% | ||
| Q4 24 | 14.2% | 15.0% | ||
| Q3 24 | 7.3% | 11.7% | ||
| Q2 24 | 7.5% | 14.5% | ||
| Q1 24 | 6.9% | 15.5% |
资本支出强度AMDAPH
| Q4 25 | 2.2% | 3.9% | ||
| Q3 25 | 2.8% | 4.2% | ||
| Q2 25 | 3.7% | 5.3% | ||
| Q1 25 | 2.9% | 3.9% | ||
| Q4 24 | 2.7% | 4.6% | ||
| Q3 24 | 1.9% | 5.7% | ||
| Q2 24 | 2.6% | 3.9% | ||
| Q1 24 | 2.6% | 2.9% |
现金转化率AMDAPH
| Q4 25 | 1.72× | 1.44× | ||
| Q3 25 | 1.74× | 1.18× | ||
| Q2 25 | 2.31× | 1.30× | ||
| Q1 25 | 1.32× | 1.04× | ||
| Q4 24 | 2.70× | 1.14× | ||
| Q3 24 | 0.81× | 1.16× | ||
| Q2 24 | 2.24× | 1.27× | ||
| Q1 24 | 4.24× | 1.09× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AMD
| Other | $5.4B | 52% |
| Client | $3.1B | 30% |
| Embedded | $950.0M | 9% |
| Gaming | $843.0M | 8% |
APH
| Communications Solutions Segment | $3.5B | 54% |
| Harsh Environment Solutions Segment | $1.7B | 26% |
| Sales Channel Through Intermediary | $1.4B | 21% |
