Depends what and how much you are on, but general answer is yes. Although for most it's easier to do cutting with diet and reasonable amounts of cardio, unless you really like doing cardio. As long as you're eating enough protein, getting the EEAs you need through food or supplements and are on decent anabolics you're not going to lose muscle regardless of how much cardio you do.
The AAS will keep you in an anabolic state. Cardio away.
this is how they do it down town, if you namsayin