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超威半导体（AMD）与通用动力（GD）财务数据对比。点击上方公司名可切换其他公司
通用动力的季度营收约是超威半导体的1.3倍（$13.5B vs $10.3B），超威半导体净利率更高（14.7% vs 8.3%，领先6.4%），超威半导体同比增速更快（34.1% vs 10.3%），超威半导体自由现金流更多（$2.4B vs $2.0B），过去两年超威半导体的营收复合增速更高（37.0% vs 6.1%）
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。
通用动力是总部位于美国弗吉尼亚州雷斯顿的工业科技企业，是全球领先的先进军工装备研发生产商，产品覆盖核潜艇、主战坦克、装甲战车等多种品类，同时生产湾流系列公务机，也提供信息技术服务，位列美国前百名国防承包商第三位。
AMD vs GD — 直观对比
营收规模更大
GD
是对方的1.3倍
$10.3B
营收增速更快
AMD
高出23.8%
10.3%
净利率更高
AMD
高出6.4%
8.3%
自由现金流更多
AMD
多$426.0M
$2.0B
两年增速更快
AMD
近两年复合增速
6.1%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $13.5B |
| 净利润 | $1.5B | $1.1B |
| 毛利率 | 54.3% | — |
| 营业利润率 | 17.1% | 10.5% |
| 净利率 | 14.7% | 8.3% |
| 营收同比 | 34.1% | 10.3% |
| 净利润同比 | 213.5% | 13.2% |
| 每股收益（稀释后） | $0.92 | $4.10 |
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AMDGD
| Q1 26 | — | $13.5B | ||
| Q4 25 | $10.3B | $14.4B | ||
| Q3 25 | $9.2B | $12.9B | ||
| Q2 25 | $7.7B | $13.0B | ||
| Q1 25 | $7.4B | $12.2B | ||
| Q4 24 | $7.7B | $13.3B | ||
| Q3 24 | $6.8B | $11.7B | ||
| Q2 24 | $5.8B | $12.0B |
净利润AMDGD
| Q1 26 | — | $1.1B | ||
| Q4 25 | $1.5B | $1.1B | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $872.0M | $1.0B | ||
| Q1 25 | $709.0M | $994.0M | ||
| Q4 24 | $482.0M | $1.1B | ||
| Q3 24 | $771.0M | $930.0M | ||
| Q2 24 | $265.0M | $905.0M |
毛利率AMDGD
| Q1 26 | — | — | ||
| Q4 25 | 54.3% | — | ||
| Q3 25 | 51.7% | — | ||
| Q2 25 | 39.8% | — | ||
| Q1 25 | 50.2% | — | ||
| Q4 24 | 50.7% | — | ||
| Q3 24 | 50.1% | — | ||
| Q2 24 | 49.1% | — |
营业利润率AMDGD
| Q1 26 | — | 10.5% | ||
| Q4 25 | 17.1% | 10.1% | ||
| Q3 25 | 13.7% | 10.3% | ||
| Q2 25 | -1.7% | 10.0% | ||
| Q1 25 | 10.8% | 10.4% | ||
| Q4 24 | 11.4% | 10.7% | ||
| Q3 24 | 10.6% | 10.1% | ||
| Q2 24 | 4.6% | 9.7% |
净利率AMDGD
| Q1 26 | — | 8.3% | ||
| Q4 25 | 14.7% | 7.9% | ||
| Q3 25 | 13.4% | 8.2% | ||
| Q2 25 | 11.3% | 7.8% | ||
| Q1 25 | 9.5% | 8.1% | ||
| Q4 24 | 6.3% | 8.6% | ||
| Q3 24 | 11.3% | 8.0% | ||
| Q2 24 | 4.5% | 7.6% |
每股收益（稀释后）AMDGD
| Q1 26 | — | $4.10 | ||
| Q4 25 | $0.92 | — | ||
| Q3 25 | $0.75 | — | ||
| Q2 25 | $0.54 | — | ||
| Q1 25 | $0.44 | — | ||
| Q4 24 | $0.30 | — | ||
| Q3 24 | $0.47 | — | ||
| Q2 24 | $0.16 | — |
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 | $3.7B |
| 总债务越低越好 | — | $6.3B |
| 股东权益账面价值 | $63.0B | $26.1B |
| 总资产 | $76.9B | $59.0B |
| 负债/权益比越低杠杆越低 | — | 0.24× |
8季度趋势，按日历期对齐
现金及短期投资AMDGD
| Q1 26 | — | $3.7B | ||
| Q4 25 | $10.6B | $2.3B | ||
| Q3 25 | $7.2B | $2.5B | ||
| Q2 25 | $5.9B | $1.5B | ||
| Q1 25 | $7.3B | $1.2B | ||
| Q4 24 | $5.1B | $1.7B | ||
| Q3 24 | $4.5B | $2.1B | ||
| Q2 24 | $5.3B | $1.4B |
总债务AMDGD
| Q1 26 | — | $6.3B | ||
| Q4 25 | — | $8.1B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $8.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益AMDGD
| Q1 26 | — | $26.1B | ||
| Q4 25 | $63.0B | $25.6B | ||
| Q3 25 | $60.8B | $24.4B | ||
| Q2 25 | $59.7B | $23.6B | ||
| Q1 25 | $57.9B | $22.2B | ||
| Q4 24 | $57.6B | $22.1B | ||
| Q3 24 | $57.0B | $23.0B | ||
| Q2 24 | $56.5B | $22.0B |
总资产AMDGD
| Q1 26 | — | $59.0B | ||
| Q4 25 | $76.9B | $57.2B | ||
| Q3 25 | $76.9B | $57.6B | ||
| Q2 25 | $74.8B | $56.9B | ||
| Q1 25 | $71.5B | $56.6B | ||
| Q4 24 | $69.2B | $55.9B | ||
| Q3 24 | $69.6B | $57.3B | ||
| Q2 24 | $67.9B | $55.4B |
负债/权益比AMDGD
| Q1 26 | — | 0.24× | ||
| Q4 25 | — | 0.32× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.40× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $2.0B |
| 自由现金流率自由现金流/营收 | 23.2% | 14.5% |
| 资本支出强度资本支出/营收 | 2.2% | 1.5% |
| 现金转化率经营现金流/净利润 | 1.72× | — |
| 过去12个月自由现金流最近4个季度 | $6.7B | $6.2B |
8季度趋势，按日历期对齐
经营现金流AMDGD
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $1.6B | ||
| Q3 25 | $2.2B | $2.1B | ||
| Q2 25 | $2.0B | $1.6B | ||
| Q1 25 | $939.0M | $-148.0M | ||
| Q4 24 | $1.3B | $2.2B | ||
| Q3 24 | $628.0M | $1.4B | ||
| Q2 24 | $593.0M | $814.0M |
自由现金流AMDGD
| Q1 26 | — | $2.0B | ||
| Q4 25 | $2.4B | $952.0M | ||
| Q3 25 | $1.9B | $1.9B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $727.0M | $-290.0M | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $496.0M | $1.2B | ||
| Q2 24 | $439.0M | $613.0M |
自由现金流率AMDGD
| Q1 26 | — | 14.5% | ||
| Q4 25 | 23.2% | 6.6% | ||
| Q3 25 | 20.6% | 14.7% | ||
| Q2 25 | 22.5% | 10.7% | ||
| Q1 25 | 9.8% | -2.4% | ||
| Q4 24 | 14.2% | 13.5% | ||
| Q3 24 | 7.3% | 10.4% | ||
| Q2 24 | 7.5% | 5.1% |
资本支出强度AMDGD
| Q1 26 | — | 1.5% | ||
| Q4 25 | 2.2% | 4.2% | ||
| Q3 25 | 2.8% | 1.6% | ||
| Q2 25 | 3.7% | 1.5% | ||
| Q1 25 | 2.9% | 1.2% | ||
| Q4 24 | 2.7% | 2.7% | ||
| Q3 24 | 1.9% | 1.7% | ||
| Q2 24 | 2.6% | 1.7% |
现金转化率AMDGD
| Q1 26 | — | — | ||
| Q4 25 | 1.72× | 1.37× | ||
| Q3 25 | 1.74× | 1.99× | ||
| Q2 25 | 2.31× | 1.58× | ||
| Q1 25 | 1.32× | -0.15× | ||
| Q4 24 | 2.70× | 1.88× | ||
| Q3 24 | 0.81× | 1.52× | ||
| Q2 24 | 2.24× | 0.90× |
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% |
GD
暂无分部数据
