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超威半导体（AMD）与MERCURY SYSTEMS INC（MRCY）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MERCURY SYSTEMS INC的44.1倍（$10.3B vs $232.9M）。超威半导体净利率更高（14.7% vs -6.5%，领先21.2%）。超威半导体同比增速更快（34.1% vs 4.4%）。超威半导体自由现金流更多（$2.4B vs $45.7M）。过去两年超威半导体的营收复合增速更高（37.0% vs 5.7%）
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。
Mercury Systems是一家服务于航空航天与国防领域的科技企业，专注于设计、研发及生产开放式架构计算机软硬件产品，覆盖安全嵌入式处理模块与子系统、航电任务计算机及显示器、加固型安全服务器、可信微电子组件与子系统等多类产品。
AMD vs MRCY — 直观对比
营收规模更大
AMD
是对方的44.1倍
$232.9M
营收增速更快
AMD
高出29.7%
4.4%
净利率更高
AMD
高出21.2%
-6.5%
自由现金流更多
AMD
多$2.3B
$45.7M
两年增速更快
AMD
近两年复合增速
5.7%
损益表 — Q4 2025 vs Q2 2026
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $232.9M |
| 净利润 | $1.5B | $-15.1M |
| 毛利率 | 54.3% | 26.0% |
| 营业利润率 | 17.1% | -4.6% |
| 净利率 | 14.7% | -6.5% |
| 营收同比 | 34.1% | 4.4% |
| 净利润同比 | 213.5% | 14.1% |
| 每股收益（稀释后） | $0.92 | $-0.26 |
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AMDMRCY
| Q4 25 | $10.3B | $232.9M | ||
| Q3 25 | $9.2B | $225.2M | ||
| Q2 25 | $7.7B | $273.1M | ||
| Q1 25 | $7.4B | $211.4M | ||
| Q4 24 | $7.7B | $223.1M | ||
| Q3 24 | $6.8B | $204.4M | ||
| Q2 24 | $5.8B | $248.6M | ||
| Q1 24 | $5.5B | $208.3M |
净利润AMDMRCY
| Q4 25 | $1.5B | $-15.1M | ||
| Q3 25 | $1.2B | $-12.5M | ||
| Q2 25 | $872.0M | $16.4M | ||
| Q1 25 | $709.0M | $-19.2M | ||
| Q4 24 | $482.0M | $-17.6M | ||
| Q3 24 | $771.0M | $-17.5M | ||
| Q2 24 | $265.0M | $-10.8M | ||
| Q1 24 | $123.0M | $-44.6M |
毛利率AMDMRCY
| Q4 25 | 54.3% | 26.0% | ||
| Q3 25 | 51.7% | 27.9% | ||
| Q2 25 | 39.8% | 31.0% | ||
| Q1 25 | 50.2% | 27.0% | ||
| Q4 24 | 50.7% | 27.3% | ||
| Q3 24 | 50.1% | 25.3% | ||
| Q2 24 | 49.1% | 29.5% | ||
| Q1 24 | 46.8% | 19.5% |
营业利润率AMDMRCY
| Q4 25 | 17.1% | -4.6% | ||
| Q3 25 | 13.7% | -3.8% | ||
| Q2 25 | -1.7% | 8.6% | ||
| Q1 25 | 10.8% | -8.2% | ||
| Q4 24 | 11.4% | -5.6% | ||
| Q3 24 | 10.6% | -6.6% | ||
| Q2 24 | 4.6% | -3.2% | ||
| Q1 24 | 0.7% | -21.9% |
净利率AMDMRCY
| Q4 25 | 14.7% | -6.5% | ||
| Q3 25 | 13.4% | -5.6% | ||
| Q2 25 | 11.3% | 6.0% | ||
| Q1 25 | 9.5% | -9.1% | ||
| Q4 24 | 6.3% | -7.9% | ||
| Q3 24 | 11.3% | -8.6% | ||
| Q2 24 | 4.5% | -4.3% | ||
| Q1 24 | 2.2% | -21.4% |
每股收益（稀释后）AMDMRCY
| Q4 25 | $0.92 | $-0.26 | ||
| Q3 25 | $0.75 | $-0.21 | ||
| Q2 25 | $0.54 | $0.28 | ||
| Q1 25 | $0.44 | $-0.33 | ||
| Q4 24 | $0.30 | $-0.30 | ||
| Q3 24 | $0.47 | $-0.30 | ||
| Q2 24 | $0.16 | $-0.18 | ||
| Q1 24 | $0.07 | $-0.77 |
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 | $335.0M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $63.0B | $1.5B |
| 总资产 | $76.9B | $2.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AMDMRCY
| Q4 25 | $10.6B | $335.0M | ||
| Q3 25 | $7.2B | $304.7M | ||
| Q2 25 | $5.9B | $309.1M | ||
| Q1 25 | $7.3B | $269.8M | ||
| Q4 24 | $5.1B | $242.6M | ||
| Q3 24 | $4.5B | $158.1M | ||
| Q2 24 | $5.3B | $180.5M | ||
| Q1 24 | $6.0B | $142.6M |
股东权益AMDMRCY
| Q4 25 | $63.0B | $1.5B | ||
| Q3 25 | $60.8B | $1.5B | ||
| Q2 25 | $59.7B | $1.5B | ||
| Q1 25 | $57.9B | $1.5B | ||
| Q4 24 | $57.6B | $1.5B | ||
| Q3 24 | $57.0B | $1.5B | ||
| Q2 24 | $56.5B | $1.5B | ||
| Q1 24 | $56.2B | $1.5B |
总资产AMDMRCY
| Q4 25 | $76.9B | $2.5B | ||
| Q3 25 | $76.9B | $2.5B | ||
| Q2 25 | $74.8B | $2.4B | ||
| Q1 25 | $71.5B | $2.4B | ||
| Q4 24 | $69.2B | $2.4B | ||
| Q3 24 | $69.6B | $2.4B | ||
| Q2 24 | $67.9B | $2.4B | ||
| Q1 24 | $67.9B | $2.4B |
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 | $51.6M |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $45.7M |
| 自由现金流率自由现金流/营收 | 23.2% | 19.6% |
| 资本支出强度资本支出/营收 | 2.2% | 2.5% |
| 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 | $99.4M |
8季度趋势，按日历期对齐
经营现金流AMDMRCY
| Q4 25 | $2.6B | $51.6M | ||
| Q3 25 | $2.2B | $2.2M | ||
| Q2 25 | $2.0B | $38.1M | ||
| Q1 25 | $939.0M | $30.0M | ||
| Q4 24 | $1.3B | $85.5M | ||
| Q3 24 | $628.0M | $-14.7M | ||
| Q2 24 | $593.0M | $71.8M | ||
| Q1 24 | $521.0M | $-17.8M |
自由现金流AMDMRCY
| Q4 25 | $2.4B | $45.7M | ||
| Q3 25 | $1.9B | $-4.4M | ||
| Q2 25 | $1.7B | $34.0M | ||
| Q1 25 | $727.0M | $24.1M | ||
| Q4 24 | $1.1B | $81.9M | ||
| Q3 24 | $496.0M | $-20.9M | ||
| Q2 24 | $439.0M | $61.4M | ||
| Q1 24 | $379.0M | $-25.7M |
自由现金流率AMDMRCY
| Q4 25 | 23.2% | 19.6% | ||
| Q3 25 | 20.6% | -1.9% | ||
| Q2 25 | 22.5% | 12.4% | ||
| Q1 25 | 9.8% | 11.4% | ||
| Q4 24 | 14.2% | 36.7% | ||
| Q3 24 | 7.3% | -10.2% | ||
| Q2 24 | 7.5% | 24.7% | ||
| Q1 24 | 6.9% | -12.4% |
资本支出强度AMDMRCY
| Q4 25 | 2.2% | 2.5% | ||
| Q3 25 | 2.8% | 2.9% | ||
| Q2 25 | 3.7% | 1.5% | ||
| Q1 25 | 2.9% | 2.8% | ||
| Q4 24 | 2.7% | 1.6% | ||
| Q3 24 | 1.9% | 3.1% | ||
| Q2 24 | 2.6% | 4.2% | ||
| Q1 24 | 2.6% | 3.8% |
现金转化率AMDMRCY
| Q4 25 | 1.72× | — | ||
| Q3 25 | 1.74× | — | ||
| Q2 25 | 2.31× | 2.33× | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 2.70× | — | ||
| Q3 24 | 0.81× | — | ||
| Q2 24 | 2.24× | — | ||
| Q1 24 | 4.24× | — |
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% |
MRCY
| Airborne | $84.2M | 36% |
| Components | $48.7M | 21% |
| Other End Applications | $36.8M | 16% |
| Electronic Warfare | $27.5M | 12% |
| Other Sensor And Effector Applications | $23.9M | 10% |
| Space | $11.9M | 5% |
