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超威半导体（AMD）与威世（VSH）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的12.8倍（$10.3B vs $800.9M）。超威半导体净利率更高（14.7% vs 0.1%，领先14.6%）。超威半导体同比增速更快（34.1% vs 12.1%）。超威半导体自由现金流更多（$2.4B vs $54.6M）。过去两年超威半导体的营收复合增速更高（37.0% vs 3.6%）
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（Vishay Intertechnology）是美国知名的分立半导体与被动电子元器件制造商，由企业家菲利克斯·赞德曼创立。公司在以色列、亚洲、欧洲、美洲均设有生产基地，产品覆盖整流器、二极管、MOSFET、光电器件、精选集成电路、电阻器、电容器、电感器等品类，2024年营收达29亿美元，全球全职员工约2.27万人。
AMD vs VSH — 直观对比
营收规模更大
AMD
是对方的12.8倍
$800.9M
营收增速更快
AMD
高出22.0%
12.1%
净利率更高
AMD
高出14.6%
0.1%
自由现金流更多
AMD
多$2.3B
$54.6M
两年增速更快
AMD
近两年复合增速
3.6%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $10.3B | $800.9M |
| 净利润 | $1.5B | $986.0K |
| 毛利率 | 54.3% | 19.6% |
| 营业利润率 | 17.1% | 1.8% |
| 净利率 | 14.7% | 0.1% |
| 营收同比 | 34.1% | 12.1% |
| 净利润同比 | 213.5% | 101.5% |
| 每股收益（稀释后） | $0.92 | $0.01 |
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AMDVSH
| Q4 25 | $10.3B | $800.9M | ||
| Q3 25 | $9.2B | $790.6M | ||
| Q2 25 | $7.7B | $762.3M | ||
| Q1 25 | $7.4B | $715.2M | ||
| Q4 24 | $7.7B | $714.7M | ||
| Q3 24 | $6.8B | $735.4M | ||
| Q2 24 | $5.8B | $741.2M | ||
| Q1 24 | $5.5B | $746.3M |
净利润AMDVSH
| Q4 25 | $1.5B | $986.0K | ||
| Q3 25 | $1.2B | $-7.9M | ||
| Q2 25 | $872.0M | $2.0M | ||
| Q1 25 | $709.0M | $-4.1M | ||
| Q4 24 | $482.0M | $-66.1M | ||
| Q3 24 | $771.0M | $-19.3M | ||
| Q2 24 | $265.0M | $23.5M | ||
| Q1 24 | $123.0M | $30.9M |
毛利率AMDVSH
| Q4 25 | 54.3% | 19.6% | ||
| Q3 25 | 51.7% | 19.5% | ||
| Q2 25 | 39.8% | 19.5% | ||
| Q1 25 | 50.2% | 19.0% | ||
| Q4 24 | 50.7% | 19.9% | ||
| Q3 24 | 50.1% | 20.5% | ||
| Q2 24 | 49.1% | 22.0% | ||
| Q1 24 | 46.8% | 22.8% |
营业利润率AMDVSH
| Q4 25 | 17.1% | 1.8% | ||
| Q3 25 | 13.7% | 2.4% | ||
| Q2 25 | -1.7% | 2.9% | ||
| Q1 25 | 10.8% | 0.1% | ||
| Q4 24 | 11.4% | -7.9% | ||
| Q3 24 | 10.6% | -2.5% | ||
| Q2 24 | 4.6% | 5.1% | ||
| Q1 24 | 0.7% | 5.7% |
净利率AMDVSH
| Q4 25 | 14.7% | 0.1% | ||
| Q3 25 | 13.4% | -1.0% | ||
| Q2 25 | 11.3% | 0.3% | ||
| Q1 25 | 9.5% | -0.6% | ||
| Q4 24 | 6.3% | -9.2% | ||
| Q3 24 | 11.3% | -2.6% | ||
| Q2 24 | 4.5% | 3.2% | ||
| Q1 24 | 2.2% | 4.1% |
每股收益（稀释后）AMDVSH
| Q4 25 | $0.92 | $0.01 | ||
| Q3 25 | $0.75 | $-0.06 | ||
| Q2 25 | $0.54 | $0.01 | ||
| Q1 25 | $0.44 | $-0.03 | ||
| Q4 24 | $0.30 | $-0.48 | ||
| Q3 24 | $0.47 | $-0.14 | ||
| Q2 24 | $0.16 | $0.17 | ||
| Q1 24 | $0.07 | $0.22 |
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 | $515.0M |
| 总债务越低越好 | — | $950.9M |
| 股东权益账面价值 | $63.0B | $2.1B |
| 总资产 | $76.9B | $4.2B |
| 负债/权益比越低杠杆越低 | — | 0.46× |
8季度趋势，按日历期对齐
现金及短期投资AMDVSH
| Q4 25 | $10.6B | $515.0M | ||
| Q3 25 | $7.2B | $443.9M | ||
| Q2 25 | $5.9B | $473.9M | ||
| Q1 25 | $7.3B | $609.4M | ||
| Q4 24 | $5.1B | $590.3M | ||
| Q3 24 | $4.5B | $643.8M | ||
| Q2 24 | $5.3B | $672.7M | ||
| Q1 24 | $6.0B | $796.5M |
总债务AMDVSH
| Q4 25 | — | $950.9M | ||
| Q3 25 | — | $919.7M | ||
| Q2 25 | — | $914.5M | ||
| Q1 25 | — | $988.2M | ||
| Q4 24 | — | $905.0M | ||
| Q3 24 | — | $820.8M | ||
| Q2 24 | — | $820.6M | ||
| Q1 24 | — | $819.4M |
股东权益AMDVSH
| Q4 25 | $63.0B | $2.1B | ||
| Q3 25 | $60.8B | $2.1B | ||
| Q2 25 | $59.7B | $2.1B | ||
| Q1 25 | $57.9B | $2.0B | ||
| Q4 24 | $57.6B | $2.0B | ||
| Q3 24 | $57.0B | $2.2B | ||
| Q2 24 | $56.5B | $2.2B | ||
| Q1 24 | $56.2B | $2.2B |
总资产AMDVSH
| Q4 25 | $76.9B | $4.2B | ||
| Q3 25 | $76.9B | $4.2B | ||
| Q2 25 | $74.8B | $4.2B | ||
| Q1 25 | $71.5B | $4.2B | ||
| Q4 24 | $69.2B | $4.1B | ||
| Q3 24 | $69.6B | $4.2B | ||
| Q2 24 | $67.9B | $4.2B | ||
| Q1 24 | $67.9B | $4.3B |
负债/权益比AMDVSH
| Q4 25 | — | 0.46× | ||
| Q3 25 | — | 0.44× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.49× | ||
| Q4 24 | — | 0.45× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.38× | ||
| Q1 24 | — | 0.38× |
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 | $149.4M |
| 自由现金流经营现金流 - 资本支出 | $2.4B | $54.6M |
| 自由现金流率自由现金流/营收 | 23.2% | 6.8% |
| 资本支出强度资本支出/营收 | 2.2% | 11.8% |
| 现金转化率经营现金流/净利润 | 1.72× | 151.48× |
| 过去12个月自由现金流最近4个季度 | $6.7B | $-89.0M |
8季度趋势，按日历期对齐
经营现金流AMDVSH
| Q4 25 | $2.6B | $149.4M | ||
| Q3 25 | $2.2B | $27.6M | ||
| Q2 25 | $2.0B | $-8.8M | ||
| Q1 25 | $939.0M | $16.1M | ||
| Q4 24 | $1.3B | $67.7M | ||
| Q3 24 | $628.0M | $50.6M | ||
| Q2 24 | $593.0M | $-24.7M | ||
| Q1 24 | $521.0M | $80.2M |
自由现金流AMDVSH
| Q4 25 | $2.4B | $54.6M | ||
| Q3 25 | $1.9B | $-24.7M | ||
| Q2 25 | $1.7B | $-73.4M | ||
| Q1 25 | $727.0M | $-45.5M | ||
| Q4 24 | $1.1B | $-77.2M | ||
| Q3 24 | $496.0M | $-9.0M | ||
| Q2 24 | $439.0M | $-87.3M | ||
| Q1 24 | $379.0M | $27.1M |
自由现金流率AMDVSH
| Q4 25 | 23.2% | 6.8% | ||
| Q3 25 | 20.6% | -3.1% | ||
| Q2 25 | 22.5% | -9.6% | ||
| Q1 25 | 9.8% | -6.4% | ||
| Q4 24 | 14.2% | -10.8% | ||
| Q3 24 | 7.3% | -1.2% | ||
| Q2 24 | 7.5% | -11.8% | ||
| Q1 24 | 6.9% | 3.6% |
资本支出强度AMDVSH
| Q4 25 | 2.2% | 11.8% | ||
| Q3 25 | 2.8% | 6.6% | ||
| Q2 25 | 3.7% | 8.5% | ||
| Q1 25 | 2.9% | 8.6% | ||
| Q4 24 | 2.7% | 20.3% | ||
| Q3 24 | 1.9% | 8.1% | ||
| Q2 24 | 2.6% | 8.4% | ||
| Q1 24 | 2.6% | 7.1% |
现金转化率AMDVSH
| Q4 25 | 1.72× | 151.48× | ||
| Q3 25 | 1.74× | — | ||
| Q2 25 | 2.31× | -4.39× | ||
| Q1 25 | 1.32× | — | ||
| Q4 24 | 2.70× | — | ||
| Q3 24 | 0.81× | — | ||
| Q2 24 | 2.24× | -1.05× | ||
| Q1 24 | 4.24× | 2.59× |
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% |
VSH
| Resistors Segment | $189.4M | 24% |
| Diodes Segment | $154.2M | 19% |
| Capacitors Segment | $136.5M | 17% |
| Other | $126.4M | 16% |
| Inductors Segment | $92.6M | 12% |
| Optoelectronic Components Segment | $55.7M | 7% |
| EMS Companies | $51.6M | 6% |
