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超威半导体（AMD）与威世精密集团（VPG）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威世精密集团的127.5倍（$10.3B vs $80.6M）。超威半导体净利率更高（14.7% vs -2.4%，领先17.1%）。超威半导体同比增速更快（34.1% vs 10.9%）。超威半导体自由现金流更多（$2.4B vs $1.4M）。过去两年超威半导体的营收复合增速更高（37.0% vs -0.1%）
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。
威世精密集团是美国知名电子元器件制造商，业务脱胎于威世集团旗下精密测量业务板块。公司在美洲、欧洲、亚洲及以色列均设有生产基地，主要生产整流器、二极管、MOS管、光电子器件、电阻电容电感等被动元件及特定集成电路，产品广泛应用于各类电子领域。
AMD vs VPG — 直观对比
营收规模更大
AMD
是对方的127.5倍
$80.6M
营收增速更快
AMD
高出23.2%
10.9%
净利率更高
AMD
高出17.1%
-2.4%
自由现金流更多
AMD
多$2.4B
$1.4M
两年增速更快
AMD
近两年复合增速
-0.1%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $80.6M |
| 净利润 | $1.5B | $-1.9M |
| 毛利率 | 54.3% | 36.8% |
| 营业利润率 | 17.1% | 1.3% |
| 净利率 | 14.7% | -2.4% |
| 营收同比 | 34.1% | 10.9% |
| 净利润同比 | 213.5% | -381.8% |
| 每股收益（稀释后） | $0.92 | $-0.14 |
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AMDVPG
| Q4 25 | $10.3B | $80.6M | ||
| Q3 25 | $9.2B | $79.7M | ||
| Q2 25 | $7.7B | $75.2M | ||
| Q1 25 | $7.4B | $71.7M | ||
| Q4 24 | $7.7B | $72.7M | ||
| Q3 24 | $6.8B | $75.7M | ||
| Q2 24 | $5.8B | $77.4M | ||
| Q1 24 | $5.5B | $80.8M |
净利润AMDVPG
| Q4 25 | $1.5B | $-1.9M | ||
| Q3 25 | $1.2B | $7.9M | ||
| Q2 25 | $872.0M | $248.0K | ||
| Q1 25 | $709.0M | $-942.0K | ||
| Q4 24 | $482.0M | $688.0K | ||
| Q3 24 | $771.0M | $-1.4M | ||
| Q2 24 | $265.0M | $4.6M | ||
| Q1 24 | $123.0M | $5.9M |
毛利率AMDVPG
| Q4 25 | 54.3% | 36.8% | ||
| Q3 25 | 51.7% | 40.3% | ||
| Q2 25 | 39.8% | 40.7% | ||
| Q1 25 | 50.2% | 37.7% | ||
| Q4 24 | 50.7% | 38.2% | ||
| Q3 24 | 50.1% | 40.0% | ||
| Q2 24 | 49.1% | 41.9% | ||
| Q1 24 | 46.8% | 43.4% |
营业利润率AMDVPG
| Q4 25 | 17.1% | 1.3% | ||
| Q3 25 | 13.7% | 12.7% | ||
| Q2 25 | -1.7% | 3.6% | ||
| Q1 25 | 10.8% | -0.1% | ||
| Q4 24 | 11.4% | 0.3% | ||
| Q3 24 | 10.6% | 5.1% | ||
| Q2 24 | 4.6% | 7.6% | ||
| Q1 24 | 0.7% | 8.6% |
净利率AMDVPG
| Q4 25 | 14.7% | -2.4% | ||
| Q3 25 | 13.4% | 9.9% | ||
| Q2 25 | 11.3% | 0.3% | ||
| Q1 25 | 9.5% | -1.3% | ||
| Q4 24 | 6.3% | 0.9% | ||
| Q3 24 | 11.3% | -1.8% | ||
| Q2 24 | 4.5% | 6.0% | ||
| Q1 24 | 2.2% | 7.3% |
每股收益（稀释后）AMDVPG
| Q4 25 | $0.92 | $-0.14 | ||
| Q3 25 | $0.75 | $0.59 | ||
| Q2 25 | $0.54 | $0.02 | ||
| Q1 25 | $0.44 | $-0.07 | ||
| Q4 24 | $0.30 | $0.06 | ||
| Q3 24 | $0.47 | $-0.10 | ||
| Q2 24 | $0.16 | $0.34 | ||
| Q1 24 | $0.07 | $0.44 |
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 | $87.4M |
| 总债务越低越好 | — | $20.6M |
| 股东权益账面价值 | $63.0B | $336.4M |
| 总资产 | $76.9B | $455.9M |
| 负债/权益比越低杠杆越低 | — | 0.06× |
8季度趋势，按日历期对齐
现金及短期投资AMDVPG
| Q4 25 | $10.6B | $87.4M | ||
| Q3 25 | $7.2B | $86.3M | ||
| Q2 25 | $5.9B | $90.4M | ||
| Q1 25 | $7.3B | — | ||
| Q4 24 | $5.1B | $79.3M | ||
| Q3 24 | $4.5B | — | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $6.0B | — |
总债务AMDVPG
| Q4 25 | — | $20.6M | ||
| Q3 25 | — | $20.6M | ||
| Q2 25 | — | $31.5M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $31.4M | ||
| Q3 24 | — | $31.4M | ||
| Q2 24 | — | $31.9M | ||
| Q1 24 | — | $31.9M |
股东权益AMDVPG
| Q4 25 | $63.0B | $336.4M | ||
| Q3 25 | $60.8B | $337.8M | ||
| Q2 25 | $59.7B | $331.2M | ||
| Q1 25 | $57.9B | $325.0M | ||
| Q4 24 | $57.6B | $322.0M | ||
| Q3 24 | $57.0B | $330.6M | ||
| Q2 24 | $56.5B | $327.0M | ||
| Q1 24 | $56.2B | $327.9M |
总资产AMDVPG
| Q4 25 | $76.9B | $455.9M | ||
| Q3 25 | $76.9B | $462.3M | ||
| Q2 25 | $74.8B | $465.6M | ||
| Q1 25 | $71.5B | $453.8M | ||
| Q4 24 | $69.2B | $450.9M | ||
| Q3 24 | $69.6B | $462.5M | ||
| Q2 24 | $67.9B | $462.8M | ||
| Q1 24 | $67.9B | $466.2M |
负债/权益比AMDVPG
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.10× | ||
| Q3 24 | — | 0.09× | ||
| Q2 24 | — | 0.10× | ||
| Q1 24 | — | 0.10× |
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 | $4.4M |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $1.4M |
| 自由现金流率自由现金流/营收 | 23.2% | 1.7% |
| 资本支出强度资本支出/营收 | 2.2% | 3.8% |
| 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 | $6.4M |
8季度趋势，按日历期对齐
经营现金流AMDVPG
| Q4 25 | $2.6B | $4.4M | ||
| Q3 25 | $2.2B | $-1.3M | ||
| Q2 25 | $2.0B | $6.0M | ||
| Q1 25 | $939.0M | $5.2M | ||
| Q4 24 | $1.3B | $6.8M | ||
| Q3 24 | $628.0M | $-831.0K | ||
| Q2 24 | $593.0M | $7.5M | ||
| Q1 24 | $521.0M | $6.4M |
自由现金流AMDVPG
| Q4 25 | $2.4B | $1.4M | ||
| Q3 25 | $1.9B | $-3.5M | ||
| Q2 25 | $1.7B | $4.7M | ||
| Q1 25 | $727.0M | $3.7M | ||
| Q4 24 | $1.1B | $4.6M | ||
| Q3 24 | $496.0M | $-2.6M | ||
| Q2 24 | $439.0M | $4.9M | ||
| Q1 24 | $379.0M | $3.8M |
自由现金流率AMDVPG
| Q4 25 | 23.2% | 1.7% | ||
| Q3 25 | 20.6% | -4.3% | ||
| Q2 25 | 22.5% | 6.3% | ||
| Q1 25 | 9.8% | 5.2% | ||
| Q4 24 | 14.2% | 6.3% | ||
| Q3 24 | 7.3% | -3.5% | ||
| Q2 24 | 7.5% | 6.3% | ||
| Q1 24 | 6.9% | 4.7% |
资本支出强度AMDVPG
| Q4 25 | 2.2% | 3.8% | ||
| Q3 25 | 2.8% | 2.8% | ||
| Q2 25 | 3.7% | 1.7% | ||
| Q1 25 | 2.9% | 2.1% | ||
| Q4 24 | 2.7% | 3.0% | ||
| Q3 24 | 1.9% | 2.4% | ||
| Q2 24 | 2.6% | 3.4% | ||
| Q1 24 | 2.6% | 3.2% |
现金转化率AMDVPG
| Q4 25 | 1.72× | — | ||
| Q3 25 | 1.74× | -0.16× | ||
| Q2 25 | 2.31× | 24.04× | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 2.70× | 9.85× | ||
| Q3 24 | 0.81× | — | ||
| Q2 24 | 2.24× | 1.62× | ||
| Q1 24 | 4.24× | 1.09× |
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% |
VPG
| Other | $38.6M | 48% |
| Sensors Segment | $14.1M | 18% |
| Measurement Systems Segment | $13.0M | 16% |
| Weighing Solutions Segment | $11.3M | 14% |
| IL | $3.5M | 4% |
