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Advanced Micro Devices vs Taiwan Semiconductor Manufacturing: revenue, profit, margins and growth compared

Advanced Micro Devices brought in $34.6B of revenue in fiscal 2025, Taiwan Semiconductor Manufacturing $88.3B in fiscal 2024. Revenue changed by +34.3% at Advanced Micro Devices and +25.0% at Taiwan Semiconductor Manufacturing on the year before, so Advanced Micro Devices grew faster. Advanced Micro Devices kept 12.5% of its revenue as net profit, Taiwan Semiconductor Manufacturing 40.0%. Free cash flow was $6.7B at Advanced Micro Devices and $26.5B at Taiwan Semiconductor Manufacturing.

Side by side, latest fiscal year

AMDTSM
Fiscal year endedFY2025 (December 27, 2025)FY2024 (December 31, 2024)
Revenue$34.6B$88.3B
Revenue growth+34.3%+25.0%
Net income$4.3B$35.3B
Net margin12.5%40.0%
Free cash flow$6.7B$26.5B
Free cash flow margin19.4%30.1%
Earnings per share (diluted)$2.65$1.36
Cash$5.5B$64.9B
Debt$3.2Bn/a
Price to earnings238.0n/a
Market value$1.03T$2.34T
Dividend yieldn/an/a
Rank by revenue in sector#22 of 530 · Technology#8 of 530 · Technology

Over the years

Revenue
AMD FY2018: $6.5BAMD FY2019: $6.7BAMD FY2020: $9.8BAMD FY2021: $16.4BAMD FY2022: $23.6BAMD FY2023: $22.7BAMD FY2024: $25.8BAMD FY2025: $34.6BTSM FY2017: $33BTSM FY2018: $33.7BTSM FY2019: $35.8BTSM FY2020: $47.7BTSM FY2021: $57.2BTSM FY2022: $73.7BTSM FY2023: $70.6BTSM FY2024: $88.3BFY17FY18FY19FY20FY21FY22FY23FY24FY25
AMD $34.6BTSM $88.3B
Net income
AMD FY2018: $337MAMD FY2019: $341MAMD FY2020: $2.5BAMD FY2021: $3.2BAMD FY2022: $1.3BAMD FY2023: $854MAMD FY2024: $1.6BAMD FY2025: $4.3BTSM FY2017: $11.6BTSM FY2018: $11.9BTSM FY2019: $11.8BTSM FY2020: $18.2BTSM FY2021: $21.4BTSM FY2022: $32.3BTSM FY2023: $27.8BTSM FY2024: $35.3BFY17FY18FY19FY20FY21FY22FY23FY24FY25
AMD $4.3BTSM $35.3B
Net margin
AMD FY2018: 5.2%AMD FY2019: 5.1%AMD FY2020: 25.5%AMD FY2021: 19.2%AMD FY2022: 5.6%AMD FY2023: 3.8%AMD FY2024: 6.4%AMD FY2025: 12.5%TSM FY2017: 35.3%TSM FY2018: 35.2%TSM FY2019: 33.1%TSM FY2020: 38.1%TSM FY2021: 37.3%TSM FY2022: 43.9%TSM FY2023: 39.4%TSM FY2024: 40.0%FY17FY18FY19FY20FY21FY22FY23FY24FY25
AMD 12.5%TSM 40.0%
Revenue growth
AMD FY2019: +4.0%AMD FY2020: +45.0%AMD FY2021: +68.3%AMD FY2022: +43.6%AMD FY2023: -3.9%AMD FY2024: +13.7%AMD FY2025: +34.3%TSM FY2018: +2.2%TSM FY2019: +6.2%TSM FY2020: +33.3%TSM FY2021: +20.0%TSM FY2022: +28.7%TSM FY2023: -4.2%TSM FY2024: +25.0%FY18FY19FY20FY21FY22FY23FY24FY25
AMD +34.3%TSM +25.0%
Free cash flow
AMD FY2018: -$129MAMD FY2019: $276MAMD FY2020: $777MAMD FY2021: $3.2BAMD FY2022: $3.1BAMD FY2023: $1.1BAMD FY2024: $2.4BAMD FY2025: $6.7BTSM FY2017: $8.6BTSM FY2018: $8.4BTSM FY2019: $5.2BTSM FY2020: $11.2BTSM FY2021: $9.8BTSM FY2022: $17.2BTSM FY2023: $9.5BTSM FY2024: $26.5BFY17FY18FY19FY20FY21FY22FY23FY24FY25
AMD $6.7BTSM $26.5B

Fiscal years as each company reports them; the two may end in different months.

Questions about Advanced Micro Devices and Taiwan Semiconductor Manufacturing

Which is bigger by revenue, Advanced Micro Devices or Taiwan Semiconductor Manufacturing?

Taiwan Semiconductor Manufacturing is bigger by revenue: $88.3B in fiscal 2024, against $34.6B for Advanced Micro Devices in fiscal 2025.

Which keeps more of its revenue as profit, Advanced Micro Devices or Taiwan Semiconductor Manufacturing?

Advanced Micro Devices had a net margin of 12.5% in fiscal 2025; Taiwan Semiconductor Manufacturing had 40.0% in fiscal 2024.

Which grew revenue faster, Advanced Micro Devices or Taiwan Semiconductor Manufacturing?

In their latest fiscal years revenue changed by +34.3% at Advanced Micro Devices and +25.0% at Taiwan Semiconductor Manufacturing.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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