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超威半导体（AMD）与康宁（GLW）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康宁的2.4倍（$10.3B vs $4.2B）。超威半导体净利率更高（14.7% vs 12.8%，领先1.9%）。超威半导体同比增速更快（34.1% vs 20.4%）。超威半导体自由现金流更多（$2.4B vs $620.0M）。过去两年超威半导体的营收复合增速更高（37.0% vs 19.0%）
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。
康宁是1851年成立的美国跨国科技企业，主营玻璃、陶瓷及相关材料技术，产品线涵盖先进光学产品，主要应用于工业与科研领域。20世纪曾推出多款知名消费产品，包括康宁锅、Corelle餐具、Pyrex烘焙玻璃器皿等，广受市场欢迎。
AMD vs GLW — 直观对比
营收规模更大
AMD
是对方的2.4倍
$4.2B
营收增速更快
AMD
高出13.7%
20.4%
净利率更高
AMD
高出1.9%
12.8%
自由现金流更多
AMD
多$1.8B
$620.0M
两年增速更快
AMD
近两年复合增速
19.0%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $4.2B |
| 净利润 | $1.5B | $540.0M |
| 毛利率 | 54.3% | 35.5% |
| 营业利润率 | 17.1% | 15.9% |
| 净利率 | 14.7% | 12.8% |
| 营收同比 | 34.1% | 20.4% |
| 净利润同比 | 213.5% | 74.2% |
| 每股收益（稀释后） | $0.92 | $0.61 |
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AMDGLW
| Q4 25 | $10.3B | $4.2B | ||
| Q3 25 | $9.2B | $4.1B | ||
| Q2 25 | $7.7B | $3.9B | ||
| Q1 25 | $7.4B | $3.5B | ||
| Q4 24 | $7.7B | $3.5B | ||
| Q3 24 | $6.8B | $3.4B | ||
| Q2 24 | $5.8B | $3.3B | ||
| Q1 24 | $5.5B | $3.0B |
净利润AMDGLW
| Q4 25 | $1.5B | $540.0M | ||
| Q3 25 | $1.2B | $430.0M | ||
| Q2 25 | $872.0M | $469.0M | ||
| Q1 25 | $709.0M | $157.0M | ||
| Q4 24 | $482.0M | $310.0M | ||
| Q3 24 | $771.0M | $-117.0M | ||
| Q2 24 | $265.0M | $104.0M | ||
| Q1 24 | $123.0M | $209.0M |
毛利率AMDGLW
| Q4 25 | 54.3% | 35.5% | ||
| Q3 25 | 51.7% | 37.1% | ||
| Q2 25 | 39.8% | 36.0% | ||
| Q1 25 | 50.2% | 35.2% | ||
| Q4 24 | 50.7% | 34.2% | ||
| Q3 24 | 50.1% | 33.5% | ||
| Q2 24 | 49.1% | 29.2% | ||
| Q1 24 | 46.8% | 33.4% |
营业利润率AMDGLW
| Q4 25 | 17.1% | 15.9% | ||
| Q3 25 | 13.7% | 14.4% | ||
| Q2 25 | -1.7% | 14.8% | ||
| Q1 25 | 10.8% | 12.9% | ||
| Q4 24 | 11.4% | 11.2% | ||
| Q3 24 | 10.6% | 8.9% | ||
| Q2 24 | 4.6% | 5.7% | ||
| Q1 24 | 0.7% | 8.5% |
净利率AMDGLW
| Q4 25 | 14.7% | 12.8% | ||
| Q3 25 | 13.4% | 10.5% | ||
| Q2 25 | 11.3% | 12.1% | ||
| Q1 25 | 9.5% | 4.5% | ||
| Q4 24 | 6.3% | 8.9% | ||
| Q3 24 | 11.3% | -3.5% | ||
| Q2 24 | 4.5% | 3.2% | ||
| Q1 24 | 2.2% | 7.0% |
每股收益（稀释后）AMDGLW
| Q4 25 | $0.92 | $0.61 | ||
| Q3 25 | $0.75 | $0.50 | ||
| Q2 25 | $0.54 | $0.54 | ||
| Q1 25 | $0.44 | $0.18 | ||
| Q4 24 | $0.30 | $0.36 | ||
| Q3 24 | $0.47 | $-0.14 | ||
| Q2 24 | $0.16 | $0.12 | ||
| Q1 24 | $0.07 | $0.24 |
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 | $1.5B |
| 总债务越低越好 | — | $7.6B |
| 股东权益账面价值 | $63.0B | $11.8B |
| 总资产 | $76.9B | $31.0B |
| 负债/权益比越低杠杆越低 | — | 0.65× |
8季度趋势，按日历期对齐
现金及短期投资AMDGLW
| Q4 25 | $10.6B | $1.5B | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $5.9B | — | ||
| Q1 25 | $7.3B | — | ||
| Q4 24 | $5.1B | $1.8B | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $6.0B | — |
总债务AMDGLW
| Q4 25 | — | $7.6B | ||
| Q3 25 | — | $7.4B | ||
| Q2 25 | — | $6.7B | ||
| Q1 25 | — | $7.0B | ||
| Q4 24 | — | $6.9B | ||
| Q3 24 | — | $7.1B | ||
| Q2 24 | — | $6.9B | ||
| Q1 24 | — | $7.0B |
股东权益AMDGLW
| Q4 25 | $63.0B | $11.8B | ||
| Q3 25 | $60.8B | $11.5B | ||
| Q2 25 | $59.7B | $11.1B | ||
| Q1 25 | $57.9B | $10.7B | ||
| Q4 24 | $57.6B | $10.7B | ||
| Q3 24 | $57.0B | $11.1B | ||
| Q2 24 | $56.5B | $10.6B | ||
| Q1 24 | $56.2B | $11.2B |
总资产AMDGLW
| Q4 25 | $76.9B | $31.0B | ||
| Q3 25 | $76.9B | $29.9B | ||
| Q2 25 | $74.8B | $28.7B | ||
| Q1 25 | $71.5B | $27.4B | ||
| Q4 24 | $69.2B | $27.7B | ||
| Q3 24 | $69.6B | $28.3B | ||
| Q2 24 | $67.9B | $27.2B | ||
| Q1 24 | $67.9B | $27.6B |
负债/权益比AMDGLW
| Q4 25 | — | 0.65× | ||
| Q3 25 | — | 0.64× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.64× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 0.63× |
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 | $1.1B |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $620.0M |
| 自由现金流率自由现金流/营收 | 23.2% | 14.7% |
| 资本支出强度资本支出/营收 | 2.2% | 10.2% |
| 现金转化率经营现金流/净利润 | 1.72× | 1.95× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $1.4B |
8季度趋势，按日历期对齐
经营现金流AMDGLW
| Q4 25 | $2.6B | $1.1B | ||
| Q3 25 | $2.2B | $784.0M | ||
| Q2 25 | $2.0B | $708.0M | ||
| Q1 25 | $939.0M | $151.0M | ||
| Q4 24 | $1.3B | $623.0M | ||
| Q3 24 | $628.0M | $699.0M | ||
| Q2 24 | $593.0M | $521.0M | ||
| Q1 24 | $521.0M | $96.0M |
自由现金流AMDGLW
| Q4 25 | $2.4B | $620.0M | ||
| Q3 25 | $1.9B | $450.0M | ||
| Q2 25 | $1.7B | $400.0M | ||
| Q1 25 | $727.0M | $-57.0M | ||
| Q4 24 | $1.1B | $369.0M | ||
| Q3 24 | $496.0M | $482.0M | ||
| Q2 24 | $439.0M | $279.0M | ||
| Q1 24 | $379.0M | $-156.0M |
自由现金流率AMDGLW
| Q4 25 | 23.2% | 14.7% | ||
| Q3 25 | 20.6% | 11.0% | ||
| Q2 25 | 22.5% | 10.4% | ||
| Q1 25 | 9.8% | -1.7% | ||
| Q4 24 | 14.2% | 10.5% | ||
| Q3 24 | 7.3% | 14.2% | ||
| Q2 24 | 7.5% | 8.6% | ||
| Q1 24 | 6.9% | -5.2% |
资本支出强度AMDGLW
| Q4 25 | 2.2% | 10.2% | ||
| Q3 25 | 2.8% | 8.1% | ||
| Q2 25 | 3.7% | 8.0% | ||
| Q1 25 | 2.9% | 6.0% | ||
| Q4 24 | 2.7% | 7.3% | ||
| Q3 24 | 1.9% | 6.4% | ||
| Q2 24 | 2.6% | 7.4% | ||
| Q1 24 | 2.6% | 8.5% |
现金转化率AMDGLW
| Q4 25 | 1.72× | 1.95× | ||
| Q3 25 | 1.74× | 1.82× | ||
| Q2 25 | 2.31× | 1.51× | ||
| Q1 25 | 1.32× | 0.96× | ||
| Q4 24 | 2.70× | 2.01× | ||
| Q3 24 | 0.81× | — | ||
| Q2 24 | 2.24× | 5.01× | ||
| Q1 24 | 4.24× | 0.46× |
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% |
GLW
暂无分部数据
