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超威半导体（AMD）与斯伦贝谢（SLB）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斯伦贝谢的1.2倍（$10.3B vs $8.7B），超威半导体净利率更高（14.7% vs 8.6%，领先6.1%），超威半导体同比增速更快（34.1% vs 2.7%），超威半导体自由现金流更多（$2.4B vs $103.0M），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。
SLB前身为斯伦贝谢，是全球知名的跨国油田服务企业。1926年创立于法国，现注册地为库拉索威廉斯塔德，在巴黎、休斯敦、伦敦、海牙四地设有核心行政办公室，截至2022年按营收计算是全球最大的海上钻井企业及海上钻井承包商。
AMD vs SLB — 直观对比
营收规模更大
AMD
是对方的1.2倍
$8.7B
营收增速更快
AMD
高出31.4%
2.7%
净利率更高
AMD
高出6.1%
8.6%
自由现金流更多
AMD
多$2.3B
$103.0M
两年增速更快
AMD
近两年复合增速
-2.3%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $8.7B |
| 净利润 | $1.5B | $752.0M |
| 毛利率 | 54.3% | — |
| 营业利润率 | 17.1% | — |
| 净利率 | 14.7% | 8.6% |
| 营收同比 | 34.1% | 2.7% |
| 净利润同比 | 213.5% | -5.6% |
| 每股收益（稀释后） | $0.92 | $0.50 |
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AMDSLB
| Q1 26 | — | $8.7B | ||
| Q4 25 | $10.3B | $9.7B | ||
| Q3 25 | $9.2B | $8.9B | ||
| Q2 25 | $7.7B | $8.5B | ||
| Q1 25 | $7.4B | $8.5B | ||
| Q4 24 | $7.7B | $9.3B | ||
| Q3 24 | $6.8B | $9.2B | ||
| Q2 24 | $5.8B | $9.1B |
净利润AMDSLB
| Q1 26 | — | $752.0M | ||
| Q4 25 | $1.5B | $824.0M | ||
| Q3 25 | $1.2B | $739.0M | ||
| Q2 25 | $872.0M | $1.0B | ||
| Q1 25 | $709.0M | $797.0M | ||
| Q4 24 | $482.0M | $1.1B | ||
| Q3 24 | $771.0M | $1.2B | ||
| Q2 24 | $265.0M | $1.1B |
毛利率AMDSLB
| Q1 26 | — | — | ||
| 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AMDSLB
| Q1 26 | — | — | ||
| Q4 25 | 17.1% | 9.7% | ||
| Q3 25 | 13.7% | 11.2% | ||
| Q2 25 | -1.7% | 15.0% | ||
| Q1 25 | 10.8% | 12.5% | ||
| Q4 24 | 11.4% | 14.9% | ||
| Q3 24 | 10.6% | 16.5% | ||
| Q2 24 | 4.6% | 15.5% |
净利率AMDSLB
| Q1 26 | — | 8.6% | ||
| Q4 25 | 14.7% | 8.5% | ||
| Q3 25 | 13.4% | 8.3% | ||
| Q2 25 | 11.3% | 11.9% | ||
| Q1 25 | 9.5% | 9.4% | ||
| Q4 24 | 6.3% | 11.8% | ||
| Q3 24 | 11.3% | 12.9% | ||
| Q2 24 | 4.5% | 12.2% |
每股收益（稀释后）AMDSLB
| Q1 26 | — | $0.50 | ||
| Q4 25 | $0.92 | $0.53 | ||
| Q3 25 | $0.75 | $0.50 | ||
| Q2 25 | $0.54 | $0.74 | ||
| Q1 25 | $0.44 | $0.58 | ||
| Q4 24 | $0.30 | $0.77 | ||
| Q3 24 | $0.47 | $0.83 | ||
| Q2 24 | $0.16 | $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 | $3.4B |
| 总债务越低越好 | — | $9.7B |
| 股东权益账面价值 | $63.0B | $27.4B |
| 总资产 | $76.9B | $19.3B |
| 负债/权益比越低杠杆越低 | — | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资AMDSLB
| Q1 26 | — | $3.4B | ||
| Q4 25 | $10.6B | $1.2B | ||
| Q3 25 | $7.2B | $571.0M | ||
| Q2 25 | $5.9B | $511.0M | ||
| Q1 25 | $7.3B | $961.0M | ||
| Q4 24 | $5.1B | $1.1B | ||
| Q3 24 | $4.5B | $1.4B | ||
| Q2 24 | $5.3B | $1.1B |
总债务AMDSLB
| Q1 26 | — | $9.7B | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益AMDSLB
| Q1 26 | — | $27.4B | ||
| Q4 25 | $63.0B | $26.1B | ||
| Q3 25 | $60.8B | $25.6B | ||
| Q2 25 | $59.7B | $20.3B | ||
| Q1 25 | $57.9B | $19.5B | ||
| Q4 24 | $57.6B | $21.1B | ||
| Q3 24 | $57.0B | $21.5B | ||
| Q2 24 | $56.5B | $21.1B |
总资产AMDSLB
| Q1 26 | — | $19.3B | ||
| Q4 25 | $76.9B | $54.9B | ||
| Q3 25 | $76.9B | $55.1B | ||
| Q2 25 | $74.8B | $48.8B | ||
| Q1 25 | $71.5B | $49.0B | ||
| Q4 24 | $69.2B | $48.9B | ||
| Q3 24 | $69.6B | $49.8B | ||
| Q2 24 | $67.9B | $49.4B |
负债/权益比AMDSLB
| Q1 26 | — | 0.35× | ||
| 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 | $2.6B | — |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $103.0M |
| 自由现金流率自由现金流/营收 | 23.2% | 1.2% |
| 资本支出强度资本支出/营收 | 2.2% | — |
| 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 | $4.6B |
8季度趋势，按日历期对齐
经营现金流AMDSLB
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $3.0B | ||
| Q3 25 | $2.2B | $1.7B | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | $939.0M | $660.0M | ||
| Q4 24 | $1.3B | $2.4B | ||
| Q3 24 | $628.0M | $2.4B | ||
| Q2 24 | $593.0M | $1.4B |
自由现金流AMDSLB
| Q1 26 | — | $103.0M | ||
| Q4 25 | $2.4B | $2.5B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $1.7B | $771.0M | ||
| Q1 25 | $727.0M | $262.0M | ||
| Q4 24 | $1.1B | $1.8B | ||
| Q3 24 | $496.0M | $2.0B | ||
| Q2 24 | $439.0M | $973.0M |
自由现金流率AMDSLB
| Q1 26 | — | 1.2% | ||
| Q4 25 | 23.2% | 25.5% | ||
| Q3 25 | 20.6% | 14.3% | ||
| Q2 25 | 22.5% | 9.0% | ||
| Q1 25 | 9.8% | 3.1% | ||
| Q4 24 | 14.2% | 19.2% | ||
| Q3 24 | 7.3% | 21.7% | ||
| Q2 24 | 7.5% | 10.6% |
资本支出强度AMDSLB
| Q1 26 | — | — | ||
| Q4 25 | 2.2% | 5.3% | ||
| Q3 25 | 2.8% | 4.6% | ||
| Q2 25 | 3.7% | 4.3% | ||
| Q1 25 | 2.9% | 4.7% | ||
| Q4 24 | 2.7% | 6.6% | ||
| Q3 24 | 1.9% | 5.0% | ||
| Q2 24 | 2.6% | 5.1% |
现金转化率AMDSLB
| Q1 26 | — | — | ||
| Q4 25 | 1.72× | 3.65× | ||
| Q3 25 | 1.74× | 2.28× | ||
| Q2 25 | 2.31× | 1.13× | ||
| Q1 25 | 1.32× | 0.83× | ||
| Q4 24 | 2.70× | 2.18× | ||
| Q3 24 | 0.81× | 2.06× | ||
| Q2 24 | 2.24× | 1.29× |
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% |
SLB
暂无分部数据
