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超威半导体（AMD）与MACOM Technology Solutions Holdings, Inc.（MTSI）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MACOM Technology Solutions Holdings, Inc.的37.8倍（$10.3B vs $271.6M），MACOM Technology Solutions Holdings, Inc.净利率更高（18.0% vs 14.7%，领先3.2%），超威半导体同比增速更快（34.1% vs 24.5%），超威半导体自由现金流更多（$2.4B vs $30.0M），过去两年超威半导体的营收复合增速更高（37.0% vs 22.4%）
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。
MACOM是美国知名的射频、微波及毫米波半导体器件与组件研发生产商，总部位于马萨诸塞州洛厄尔，2005年曾是当地规模最大的私营雇主。公司已通过ISO9001国际质量体系认证及ISO14001环境管理体系认证，在北美、欧洲、亚洲及澳大利亚均设有设计中心与销售办事处。
AMD vs MTSI — 直观对比
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $271.6M |
| 净利润 | $1.5B | $48.8M |
| 毛利率 | 54.3% | 55.9% |
| 营业利润率 | 17.1% | 15.9% |
| 净利率 | 14.7% | 18.0% |
| 营收同比 | 34.1% | 24.5% |
| 净利润同比 | 213.5% | 129.1% |
| 每股收益（稀释后） | $0.92 | $0.64 |
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
| Q1 26 | — | $271.6M | ||
| Q4 25 | $10.3B | $261.2M | ||
| Q3 25 | $9.2B | $252.1M | ||
| Q2 25 | $7.7B | $235.9M | ||
| Q1 25 | $7.4B | $218.1M | ||
| Q4 24 | $7.7B | — | ||
| Q3 24 | $6.8B | $200.7M | ||
| Q2 24 | $5.8B | $190.5M |
| Q1 26 | — | $48.8M | ||
| Q4 25 | $1.5B | $45.1M | ||
| Q3 25 | $1.2B | $36.5M | ||
| Q2 25 | $872.0M | $31.7M | ||
| Q1 25 | $709.0M | $-167.5M | ||
| Q4 24 | $482.0M | — | ||
| Q3 24 | $771.0M | $29.4M | ||
| Q2 24 | $265.0M | $19.9M |
| Q1 26 | — | 55.9% | ||
| Q4 25 | 54.3% | 54.5% | ||
| Q3 25 | 51.7% | 55.3% | ||
| Q2 25 | 39.8% | 55.2% | ||
| Q1 25 | 50.2% | 53.7% | ||
| Q4 24 | 50.7% | — | ||
| Q3 24 | 50.1% | 54.7% | ||
| Q2 24 | 49.1% | 53.2% |
| Q1 26 | — | 15.9% | ||
| Q4 25 | 17.1% | 15.2% | ||
| Q3 25 | 13.7% | 14.9% | ||
| Q2 25 | -1.7% | 14.8% | ||
| Q1 25 | 10.8% | 8.0% | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 10.6% | 13.7% | ||
| Q2 24 | 4.6% | 10.4% |
| Q1 26 | — | 18.0% | ||
| Q4 25 | 14.7% | 17.3% | ||
| Q3 25 | 13.4% | 14.5% | ||
| Q2 25 | 11.3% | 13.4% | ||
| Q1 25 | 9.5% | -76.8% | ||
| Q4 24 | 6.3% | — | ||
| Q3 24 | 11.3% | 14.7% | ||
| Q2 24 | 4.5% | 10.5% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | $0.92 | $0.67 | ||
| Q3 25 | $0.75 | $0.48 | ||
| Q2 25 | $0.54 | $0.42 | ||
| Q1 25 | $0.44 | $-2.30 | ||
| Q4 24 | $0.30 | — | ||
| Q3 24 | $0.47 | $0.40 | ||
| Q2 24 | $0.16 | $0.27 |
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 | $768.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $63.0B | $1.4B |
| 总资产 | $76.9B | $2.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
| Q1 26 | — | $768.5M | ||
| Q4 25 | $10.6B | $786.0M | ||
| Q3 25 | $7.2B | $735.2M | ||
| Q2 25 | $5.9B | $681.5M | ||
| Q1 25 | $7.3B | $656.5M | ||
| Q4 24 | $5.1B | — | ||
| Q3 24 | $4.5B | $581.9M | ||
| Q2 24 | $5.3B | $521.5M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $63.0B | $1.3B | ||
| Q3 25 | $60.8B | $1.3B | ||
| Q2 25 | $59.7B | $1.2B | ||
| Q1 25 | $57.9B | $1.2B | ||
| Q4 24 | $57.6B | — | ||
| Q3 24 | $57.0B | $1.1B | ||
| Q2 24 | $56.5B | $1.1B |
| Q1 26 | — | $2.1B | ||
| Q4 25 | $76.9B | $2.1B | ||
| Q3 25 | $76.9B | $2.0B | ||
| Q2 25 | $74.8B | $1.9B | ||
| Q1 25 | $71.5B | $1.8B | ||
| Q4 24 | $69.2B | — | ||
| Q3 24 | $69.6B | $1.8B | ||
| Q2 24 | $67.9B | $1.7B |
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 | $42.9M |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $30.0M |
| 自由现金流率自由现金流/营收 | 23.2% | 11.0% |
| 资本支出强度资本支出/营收 | 2.2% | 4.8% |
| 现金转化率经营现金流/净利润 | 1.72× | 0.88× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $161.5M |
8季度趋势，按日历期对齐
| Q1 26 | — | $42.9M | ||
| Q4 25 | $2.6B | $69.6M | ||
| Q3 25 | $2.2B | $60.4M | ||
| Q2 25 | $2.0B | $38.7M | ||
| Q1 25 | $939.0M | $66.7M | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $628.0M | $62.3M | ||
| Q2 24 | $593.0M | $49.0M |
| Q1 26 | — | $30.0M | ||
| Q4 25 | $2.4B | $49.4M | ||
| Q3 25 | $1.9B | $51.6M | ||
| Q2 25 | $1.7B | $30.5M | ||
| Q1 25 | $727.0M | $61.3M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $496.0M | $57.1M | ||
| Q2 24 | $439.0M | $41.5M |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 23.2% | 18.9% | ||
| Q3 25 | 20.6% | 20.5% | ||
| Q2 25 | 22.5% | 12.9% | ||
| Q1 25 | 9.8% | 28.1% | ||
| Q4 24 | 14.2% | — | ||
| Q3 24 | 7.3% | 28.5% | ||
| Q2 24 | 7.5% | 21.8% |
| Q1 26 | — | 4.8% | ||
| Q4 25 | 2.2% | 7.7% | ||
| Q3 25 | 2.8% | 3.5% | ||
| Q2 25 | 3.7% | 3.5% | ||
| Q1 25 | 2.9% | 2.4% | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 1.9% | 2.6% | ||
| Q2 24 | 2.6% | 3.9% |
| Q1 26 | — | 0.88× | ||
| Q4 25 | 1.72× | 1.54× | ||
| Q3 25 | 1.74× | 1.65× | ||
| Q2 25 | 2.31× | 1.22× | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 2.70× | — | ||
| Q3 24 | 0.81× | 2.12× | ||
| Q2 24 | 2.24× | 2.46× |
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% |
MTSI
| Industrial Defense | $117.7M | 43% |
| Data Center | $85.8M | 32% |
| Telecom | $68.1M | 25% |
