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超威半导体（AMD）与UNIVERSAL DISPLAY CORP \PA\（OLED）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UNIVERSAL DISPLAY CORP \PA\的59.4倍（$10.3B vs $172.9M）。UNIVERSAL DISPLAY CORP \PA\净利率更高（38.4% vs 14.7%，领先23.7%）。超威半导体同比增速更快（34.1% vs 6.6%）。超威半导体自由现金流更多（$2.4B vs $15.1M）。过去两年超威半导体的营收复合增速更高（37.0% vs 2.3%）
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。
Universal Display Corporation（股票代码OLED）是有机发光二极管（OLED）技术及材料的研发与生产企业，拥有深厚的技术积累，面向显示、照明两大领域提供相关配套服务，是全球OLED上游产业链的核心供应商之一。
AMD vs OLED — 直观对比
营收规模更大
AMD
是对方的59.4倍
$172.9M
营收增速更快
AMD
高出27.6%
6.6%
净利率更高
OLED
高出23.7%
14.7%
自由现金流更多
AMD
多$2.4B
$15.1M
两年增速更快
AMD
近两年复合增速
2.3%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $172.9M |
| 净利润 | $1.5B | $66.3M |
| 毛利率 | 54.3% | 76.1% |
| 营业利润率 | 17.1% | 38.9% |
| 净利率 | 14.7% | 38.4% |
| 营收同比 | 34.1% | 6.6% |
| 净利润同比 | 213.5% | 44.2% |
| 每股收益（稀释后） | $0.92 | $1.40 |
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AMDOLED
| Q4 25 | $10.3B | $172.9M | ||
| Q3 25 | $9.2B | $139.6M | ||
| Q2 25 | $7.7B | $171.8M | ||
| Q1 25 | $7.4B | $166.3M | ||
| Q4 24 | $7.7B | $162.3M | ||
| Q3 24 | $6.8B | $161.6M | ||
| Q2 24 | $5.8B | $158.5M | ||
| Q1 24 | $5.5B | $165.3M |
净利润AMDOLED
| Q4 25 | $1.5B | $66.3M | ||
| Q3 25 | $1.2B | $44.0M | ||
| Q2 25 | $872.0M | $67.3M | ||
| Q1 25 | $709.0M | $64.4M | ||
| Q4 24 | $482.0M | $46.0M | ||
| Q3 24 | $771.0M | $66.9M | ||
| Q2 24 | $265.0M | $52.3M | ||
| Q1 24 | $123.0M | $56.9M |
毛利率AMDOLED
| Q4 25 | 54.3% | 76.1% | ||
| Q3 25 | 51.7% | 74.6% | ||
| Q2 25 | 39.8% | 77.2% | ||
| Q1 25 | 50.2% | 77.1% | ||
| Q4 24 | 50.7% | 77.0% | ||
| Q3 24 | 50.1% | 77.8% | ||
| Q2 24 | 49.1% | 75.8% | ||
| Q1 24 | 46.8% | 77.6% |
营业利润率AMDOLED
| Q4 25 | 17.1% | 38.9% | ||
| Q3 25 | 13.7% | 30.9% | ||
| Q2 25 | -1.7% | 39.9% | ||
| Q1 25 | 10.8% | 41.9% | ||
| Q4 24 | 11.4% | 32.3% | ||
| Q3 24 | 10.6% | 41.5% | ||
| Q2 24 | 4.6% | 35.6% | ||
| Q1 24 | 0.7% | 38.0% |
净利率AMDOLED
| Q4 25 | 14.7% | 38.4% | ||
| Q3 25 | 13.4% | 31.5% | ||
| Q2 25 | 11.3% | 39.2% | ||
| Q1 25 | 9.5% | 38.8% | ||
| Q4 24 | 6.3% | 28.4% | ||
| Q3 24 | 11.3% | 41.4% | ||
| Q2 24 | 4.5% | 33.0% | ||
| Q1 24 | 2.2% | 34.4% |
每股收益（稀释后）AMDOLED
| Q4 25 | $0.92 | $1.40 | ||
| Q3 25 | $0.75 | $0.92 | ||
| Q2 25 | $0.54 | $1.41 | ||
| Q1 25 | $0.44 | $1.35 | ||
| Q4 24 | $0.30 | $0.96 | ||
| Q3 24 | $0.47 | $1.40 | ||
| Q2 24 | $0.16 | $1.10 | ||
| Q1 24 | $0.07 | $1.19 |
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 | $602.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $63.0B | $1.8B |
| 总资产 | $76.9B | $2.0B |
| 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AMDOLED
| Q4 25 | $10.6B | $602.4M | ||
| Q3 25 | $7.2B | $603.0M | ||
| Q2 25 | $5.9B | $525.2M | ||
| Q1 25 | $7.3B | $571.3M | ||
| Q4 24 | $5.1B | $492.7M | ||
| Q3 24 | $4.5B | $551.6M | ||
| Q2 24 | $5.3B | $530.5M | ||
| Q1 24 | $6.0B | $539.3M |
股东权益AMDOLED
| Q4 25 | $63.0B | $1.8B | ||
| Q3 25 | $60.8B | $1.7B | ||
| Q2 25 | $59.7B | $1.7B | ||
| Q1 25 | $57.9B | $1.7B | ||
| Q4 24 | $57.6B | $1.6B | ||
| Q3 24 | $57.0B | $1.6B | ||
| Q2 24 | $56.5B | $1.5B | ||
| Q1 24 | $56.2B | $1.5B |
总资产AMDOLED
| Q4 25 | $76.9B | $2.0B | ||
| Q3 25 | $76.9B | $1.9B | ||
| Q2 25 | $74.8B | $1.9B | ||
| Q1 25 | $71.5B | $1.9B | ||
| Q4 24 | $69.2B | $1.8B | ||
| Q3 24 | $69.6B | $1.8B | ||
| Q2 24 | $67.9B | $1.8B | ||
| Q1 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 | $31.1M |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $15.1M |
| 自由现金流率自由现金流/营收 | 23.2% | 8.7% |
| 资本支出强度资本支出/营收 | 2.2% | 9.3% |
| 现金转化率经营现金流/净利润 | 1.72× | 0.47× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $154.4M |
8季度趋势，按日历期对齐
经营现金流AMDOLED
| Q4 25 | $2.6B | $31.1M | ||
| Q3 25 | $2.2B | $97.2M | ||
| Q2 25 | $2.0B | $51.9M | ||
| Q1 25 | $939.0M | $30.6M | ||
| Q4 24 | $1.3B | $34.7M | ||
| Q3 24 | $628.0M | $79.9M | ||
| Q2 24 | $593.0M | $67.0M | ||
| Q1 24 | $521.0M | $72.2M |
自由现金流AMDOLED
| Q4 25 | $2.4B | $15.1M | ||
| Q3 25 | $1.9B | $84.3M | ||
| Q2 25 | $1.7B | $37.5M | ||
| Q1 25 | $727.0M | $17.5M | ||
| Q4 24 | $1.1B | $22.0M | ||
| Q3 24 | $496.0M | $66.2M | ||
| Q2 24 | $439.0M | $57.9M | ||
| Q1 24 | $379.0M | $65.0M |
自由现金流率AMDOLED
| Q4 25 | 23.2% | 8.7% | ||
| Q3 25 | 20.6% | 60.4% | ||
| Q2 25 | 22.5% | 21.8% | ||
| Q1 25 | 9.8% | 10.5% | ||
| Q4 24 | 14.2% | 13.6% | ||
| Q3 24 | 7.3% | 41.0% | ||
| Q2 24 | 7.5% | 36.5% | ||
| Q1 24 | 6.9% | 39.3% |
资本支出强度AMDOLED
| Q4 25 | 2.2% | 9.3% | ||
| Q3 25 | 2.8% | 9.2% | ||
| Q2 25 | 3.7% | 8.4% | ||
| Q1 25 | 2.9% | 7.9% | ||
| Q4 24 | 2.7% | 7.8% | ||
| Q3 24 | 1.9% | 8.4% | ||
| Q2 24 | 2.6% | 5.8% | ||
| Q1 24 | 2.6% | 4.4% |
现金转化率AMDOLED
| Q4 25 | 1.72× | 0.47× | ||
| Q3 25 | 1.74× | 2.21× | ||
| Q2 25 | 2.31× | 0.77× | ||
| Q1 25 | 1.32× | 0.47× | ||
| Q4 24 | 2.70× | 0.75× | ||
| Q3 24 | 0.81× | 1.19× | ||
| Q2 24 | 2.24× | 1.28× | ||
| Q1 24 | 4.24× | 1.27× |
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% |
OLED
| Material Sales | $95.5M | 55% |
| Other | $72.6M | 42% |
| Contract Research Services | $4.8M | 3% |
