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超威半导体（AMD）与万事达卡（MA）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万事达卡的1.2倍（$10.3B vs $8.4B），万事达卡净利率更高（46.4% vs 13.5%，领先32.9%），超威半导体同比增速更快（37.8% vs 16.0%），过去两年超威半导体的营收复合增速更高（32.6% vs 9.9%）
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。
万事达卡是总部位于美国纽约帕切斯的跨国支付卡服务企业，核心业务为处理商户收单银行与持卡人发卡机构之间的支付交易，同时提供旗下品牌借记卡、信用卡、预付卡及相关配套支付服务，服务网络覆盖全球，于2006年公开上市。
AMD vs MA — 直观对比
营收规模更大
AMD
是对方的1.2倍
$8.4B
营收增速更快
AMD
高出21.8%
16.0%
净利率更高
MA
高出32.9%
13.5%
两年增速更快
AMD
近两年复合增速
9.9%
损益表 — Q1 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $8.4B |
| 净利润 | $1.4B | $3.9B |
| 毛利率 | 52.8% | — |
| 营业利润率 | 14.4% | 58.3% |
| 净利率 | 13.5% | 46.4% |
| 营收同比 | 37.8% | 16.0% |
| 净利润同比 | 95.1% | 18.0% |
| 每股收益（稀释后） | $0.84 | $4.35 |
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AMDMA
| Q1 26 | $10.3B | $8.4B | ||
| Q4 25 | $10.3B | $8.8B | ||
| Q3 25 | $9.2B | $8.6B | ||
| Q2 25 | $7.7B | $8.1B | ||
| Q1 25 | $7.4B | $7.3B | ||
| Q4 24 | $7.7B | $7.5B | ||
| Q3 24 | $6.8B | $7.4B | ||
| Q2 24 | $5.8B | $7.0B |
净利润AMDMA
| Q1 26 | $1.4B | $3.9B | ||
| Q4 25 | $1.5B | $4.1B | ||
| Q3 25 | $1.2B | $3.9B | ||
| Q2 25 | $872.0M | $3.7B | ||
| Q1 25 | $709.0M | $3.3B | ||
| Q4 24 | $482.0M | $3.3B | ||
| Q3 24 | $771.0M | $3.3B | ||
| Q2 24 | $265.0M | $3.3B |
毛利率AMDMA
| Q1 26 | 52.8% | — | ||
| 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AMDMA
| Q1 26 | 14.4% | 58.3% | ||
| Q4 25 | 17.1% | 55.8% | ||
| Q3 25 | 13.7% | 58.8% | ||
| Q2 25 | -1.7% | 58.7% | ||
| Q1 25 | 10.8% | 57.2% | ||
| Q4 24 | 11.4% | 52.6% | ||
| Q3 24 | 10.6% | 54.3% | ||
| Q2 24 | 4.6% | 58.0% |
净利率AMDMA
| Q1 26 | 13.5% | 46.4% | ||
| Q4 25 | 14.7% | 46.1% | ||
| Q3 25 | 13.4% | 45.7% | ||
| Q2 25 | 11.3% | 45.5% | ||
| Q1 25 | 9.5% | 45.2% | ||
| Q4 24 | 6.3% | 44.6% | ||
| Q3 24 | 11.3% | 44.3% | ||
| Q2 24 | 4.5% | 46.8% |
每股收益（稀释后）AMDMA
| Q1 26 | $0.84 | $4.35 | ||
| Q4 25 | $0.92 | $4.52 | ||
| Q3 25 | $0.75 | $4.34 | ||
| Q2 25 | $0.54 | $4.07 | ||
| Q1 25 | $0.44 | $3.59 | ||
| Q4 24 | $0.30 | $3.64 | ||
| Q3 24 | $0.47 | $3.53 | ||
| Q2 24 | $0.16 | $3.50 |
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 | $12.3B | $7.9B |
| 总债务越低越好 | $2.4B | $19.0B |
| 股东权益账面价值 | $64.5B | $6.7B |
| 总资产 | $79.6B | $52.4B |
| 负债/权益比越低杠杆越低 | 0.04× | 2.82× |
8季度趋势，按日历期对齐
现金及短期投资AMDMA
| Q1 26 | $12.3B | $7.9B | ||
| Q4 25 | $10.6B | $10.6B | ||
| Q3 25 | $7.2B | $10.3B | ||
| Q2 25 | $5.9B | $9.0B | ||
| Q1 25 | $7.3B | $7.6B | ||
| Q4 24 | $5.1B | $8.4B | ||
| Q3 24 | $4.5B | $11.1B | ||
| Q2 24 | $5.3B | $7.0B |
总债务AMDMA
| Q1 26 | $2.4B | $19.0B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益AMDMA
| Q1 26 | $64.5B | $6.7B | ||
| Q4 25 | $63.0B | $7.7B | ||
| Q3 25 | $60.8B | $7.9B | ||
| Q2 25 | $59.7B | $7.9B | ||
| Q1 25 | $57.9B | $6.7B | ||
| Q4 24 | $57.6B | $6.5B | ||
| Q3 24 | $57.0B | $7.4B | ||
| Q2 24 | $56.5B | $7.4B |
总资产AMDMA
| Q1 26 | $79.6B | $52.4B | ||
| Q4 25 | $76.9B | $54.2B | ||
| Q3 25 | $76.9B | $53.3B | ||
| Q2 25 | $74.8B | $51.4B | ||
| Q1 25 | $71.5B | $48.5B | ||
| Q4 24 | $69.2B | $48.1B | ||
| Q3 24 | $69.6B | $47.2B | ||
| Q2 24 | $67.9B | $42.3B |
负债/权益比AMDMA
| Q1 26 | 0.04× | 2.82× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | $3.0B | $3.0B |
| 自由现金流经营现金流 - 资本支出 | $2.6B | — |
| 自由现金流率自由现金流/营收 | 25.0% | — |
| 资本支出强度资本支出/营收 | 3.8% | — |
| 现金转化率经营现金流/净利润 | 2.14× | 0.77× |
| 过去12个月自由现金流最近4个季度 | $8.6B | — |
8季度趋势，按日历期对齐
经营现金流AMDMA
| Q1 26 | $3.0B | $3.0B | ||
| Q4 25 | $2.6B | $5.0B | ||
| Q3 25 | $2.2B | $5.7B | ||
| Q2 25 | $2.0B | $4.6B | ||
| Q1 25 | $939.0M | $2.4B | ||
| Q4 24 | $1.3B | $4.8B | ||
| Q3 24 | $628.0M | $5.1B | ||
| Q2 24 | $593.0M | $3.1B |
自由现金流AMDMA
| Q1 26 | $2.6B | — | ||
| Q4 25 | $2.4B | $4.9B | ||
| Q3 25 | $1.9B | $5.5B | ||
| Q2 25 | $1.7B | $4.6B | ||
| Q1 25 | $727.0M | $2.2B | ||
| Q4 24 | $1.1B | $4.7B | ||
| Q3 24 | $496.0M | $5.0B | ||
| Q2 24 | $439.0M | $3.0B |
自由现金流率AMDMA
| Q1 26 | 25.0% | — | ||
| Q4 25 | 23.2% | 55.5% | ||
| Q3 25 | 20.6% | 63.8% | ||
| Q2 25 | 22.5% | 56.1% | ||
| Q1 25 | 9.8% | 30.6% | ||
| Q4 24 | 14.2% | 63.3% | ||
| Q3 24 | 7.3% | 68.2% | ||
| Q2 24 | 7.5% | 43.4% |
资本支出强度AMDMA
| Q1 26 | 3.8% | — | ||
| Q4 25 | 2.2% | 1.3% | ||
| Q3 25 | 2.8% | 2.1% | ||
| Q2 25 | 3.7% | 0.5% | ||
| Q1 25 | 2.9% | 2.2% | ||
| Q4 24 | 2.7% | 1.3% | ||
| Q3 24 | 1.9% | 1.5% | ||
| Q2 24 | 2.6% | 1.7% |
现金转化率AMDMA
| Q1 26 | 2.14× | 0.77× | ||
| Q4 25 | 1.72× | 1.23× | ||
| Q3 25 | 1.74× | 1.44× | ||
| Q2 25 | 2.31× | 1.24× | ||
| Q1 25 | 1.32× | 0.73× | ||
| Q4 24 | 2.70× | 1.45× | ||
| Q3 24 | 0.81× | 1.57× | ||
| Q2 24 | 2.24× | 0.96× |
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
| Data Center Segment | $5.8B | 56% |
| Client | $2.9B | 28% |
| Embedded Segment | $873.0M | 9% |
| Gaming | $720.0M | 7% |
MA
暂无分部数据
