Data Center
EPYC server CPUs, Instinct GPU accelerators and data-center networking and adaptive chips.
Stock research
Advanced Micro Devices, Inc. (AMD) Stock Research
AMD designs CPUs and GPUs for PCs, servers, and gaming consoles, positioning itself as the primary challenger to both Intel and NVIDIA. Its data-center accelerators are central to its ambitions in the AI compute market.
For the fiscal year ended December 27, 2025, Advanced Micro Devices, Inc. reported revenue of $34.6B and net income of $4.3B, with operating cash flow of $7.7B. Source: SEC filing 0000002488-26-000018
Reviewed · SEC data as of
- Revenue
- $34.6B
- FY ending 2025-12-27
- Net income
- $4.3B
- FY ending 2025-12-27
- Diluted EPS
- $2.65
- Net margin
- 12.5%
Reported SEC XBRL figures. Each metric’s period and original filing are listed below.
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How Advanced Micro Devices makes money
Client and Gaming
Ryzen PC processors, Radeon graphics and semi-custom chips for game consoles.
Embedded
Adaptive (FPGA) and embedded processors for industrial, automotive, communications and other markets.
- Exchange
- NASDAQ: AMD
- Sector
- Information Technology
- SEC industry
- Semiconductors & Related Devices (SIC 3674)
- Fiscal year end
- December 26
- Headquarters
- Santa Clara, California
- Founded
- 1969
AMD key financials
Reported figures from Advanced Micro Devices, Inc.'s filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.
| Metric | Value | Period | Source |
|---|---|---|---|
| Revenue | $34.6B | 2024-12-29 – 2025-12-27 | SEC filing |
| Net income | $4.3B | 2024-12-29 – 2025-12-27 | SEC filing |
| Operating cash flow | $7.7B | 2024-12-29 – 2025-12-27 | SEC filing |
| Diluted EPS | $2.65 | 2024-12-29 – 2025-12-27 | SEC filing |
| Net margin | 12.5% | 2024-12-29 – 2025-12-27 | SEC filing |
| Shares outstanding | 1.63B | As of 2026-01-30 | SEC filing |
Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.
Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.
What investors should watch in AMD
For Advanced Micro Devices, Inc., the most important recurring operating and market variables are:
- ◆Data Center revenue from EPYC server CPUs and Instinct GPU accelerators
- ◆Execution on the OpenAI 6-gigawatt deployment agreement and MI450 ramp
- ◆Client and Gaming demand for Ryzen processors and semi-custom console chips
- ◆U.S. export controls on MI308 shipments to China
- ◆Dependence on TSMC and outsourced assembly and test
Key questions for the AMD thesis
Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.
How much of the growth is AI accelerators versus CPUs?
Data Center net revenue rose 32% to $16.6 billion in 2025, which the 10-K attributes to 5th Gen EPYC processors and Instinct MI350 Series GPUs, with segment operating income of $3.6 billion. The filing does not split GPUs from CPUs, so use management commentary and gross margin, which rose to 50%, as indirect indicators.
What did export controls cost?
New U.S. license requirements on MI308 shipments to China led to roughly $800 million of inventory and related charges in Q2 2025, partially reversed in Q4 after licenses were granted and shipments resumed. Item 1A says future sales depend on customer demand, China's import rules, and licensing, so treat China GPU revenue as contingent.
What does the OpenAI agreement commit each side to?
In October 2025 AMD signed a purchase agreement to deploy 6 gigawatts of GPUs starting with MI450 products and issued OpenAI a warrant for up to 160 million shares at $0.01, vesting on purchase milestones and stock-price targets. Read the warrant disclosure for dilution mechanics against 1,630 million shares outstanding.
How did the consumer segments contribute?
Client and Gaming revenue grew 51% to $14.6 billion on Ryzen, semi-custom console SoCs, and Radeon GPUs, while Embedded fell 3% to $3.5 billion. Audited 2025 net income was $4.3 billion, or $2.65 per diluted share, on $34.6 billion of revenue; note Item 1A's dependence on AI PC adoption for the client outlook.
Does AMD's reported profit turn into cash?
Operating cash flow was $7.7B, 1.78 times net income of $4.3B, for the fiscal year ended December 27, 2025.
Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.
How much of AMD's revenue is left as profit?
Net income was 12.5% of revenue for the fiscal year ended December 27, 2025, based on revenue and net income reported for the same period.
Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.
When does Advanced Micro Devices, Inc.'s fiscal year end?
The SEC lists Advanced Micro Devices, Inc.'s fiscal year end as December 26, not December 31. The latest annual figures here run from December 29, 2024 to December 27, 2025. Its reporting year ends on a nearby date rather than a fixed calendar day.
Annual results cover a different 12 months from calendar-year peers. Align periods before comparing growth or margins across companies.
Members-only research
Our members-only research on AMD
AMD · Sep 9, 2026
AMD’s server franchise can finance a second AI platformA retrospective case study of what AMD’s CPU and accelerator evidence showed on February 4, 2026, kept separate from the partnerships that came later.
Sep 22, 2026
Meta jumped 11%. What must happen next to justify the price?A member research report on Meta’s AI rally: Muse, subscription economics, the cash-flow burden, legal costs and the earnings assumptions behind the new price.
The thesis, the numbers behind it, and what would break it. Full access is $39 a month.
Read the full researchAMD primary sources
- Latest annual report: Form 10-K/A filed February 4, 2026
- Latest quarterly report: Form 10-Q filed August 5, 2026
- Form 10-K (fiscal 2025) — Item 1 Business and Item 1A Risk Factors
- AMD investor relations
- AMD filings at the SEC
How we source and review company pages: research methodology.
Congressional trading in AMD
| Politician | Trade date | Type | Owner | Amount | Source |
|---|---|---|---|---|---|
| Gilbert Cisneros | 2026-08-18 | Sale | Self | $1,001 - $15,000 | Filing #20035390 |
| Gilbert Cisneros | 2026-07-17 | Purchase | Self | $1,001 - $15,000 | Filing #20035190 |
| Rick Allen | 2026-07-14 | Purchase | Spouse | $1,001 - $15,000 | Filing #20035260 |
| Dan Newhouse | 2026-07-10 | Sale | Spouse | $1,001 - $15,000 | Filing #20034998 |
| Gilbert Cisneros | 2026-06-05 | Purchase | Self | $1,001 - $15,000 | Filing #20034906 |
| Gilbert Cisneros | 2026-05-15 | Purchase | Self | $1,001 - $15,000 | Filing #20034713 |
| Gilbert Cisneros | 2026-05-14 | Purchase | Self | $1,001 - $15,000 | Filing #20034713 |
| Josh Gottheimer | 2026-05-05 | Purchase | Joint | $1,001 - $15,000 | Filing #20034693 |
| Josh Gottheimer | 2026-04-27 | Purchase | Joint | $1,001 - $15,000 | Filing #20034585 |
| Josh Gottheimer | 2026-04-23 | Purchase | Joint | $1,001 - $15,000 | Filing #20034585 |
All verified AMD congressional disclosures
Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.
Compare AMD with similar companies
Advanced Micro Devices peers
NVIDIA Corporation (NVDA)Semiconductors & Related DevicesBroadcom Inc. (AVGO)Semiconductors & Related DevicesIntel Corporation (INTC)Semiconductors & Related DevicesMicron Technology, Inc. (MU)Semiconductors & Related DevicesTexas Instruments Incorporated (TXN)Semiconductors & Related DevicesApplied Materials, Inc. (AMAT)Semiconductors & Related Devices
Research that covers Advanced Micro Devices
AMD — frequently asked questions
What does Advanced Micro Devices, Inc. do?
AMD designs CPUs and GPUs for PCs, servers, and gaming consoles, positioning itself as the primary challenger to both Intel and NVIDIA. Its data-center accelerators are central to its ambitions in the AI compute market. Its filings describe these business lines: Data Center, Client and Gaming, Embedded.
What were AMD's latest reported annual revenue and net income?
For the fiscal year ended December 27, 2025, Advanced Micro Devices, Inc. reported revenue of $34.6B and net income of $4.3B, with operating cash flow of $7.7B. The figures come from Advanced Micro Devices, Inc.'s SEC XBRL filings.
When does Advanced Micro Devices, Inc.'s fiscal year end?
The SEC lists Advanced Micro Devices, Inc.'s fiscal year end as December 26.
Do members of Congress trade AMD?
The current verified House and Senate snapshot contains 50 transaction rows for AMD, each linked to the original filing.
Where is Advanced Micro Devices, Inc. headquartered?
Advanced Micro Devices, Inc. is headquartered in Santa Clara, California and was founded in 1969.
Is AMD a good investment?
This page does not rate AMD as a buy or sell. It sets out what Advanced Micro Devices, Inc. reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.
This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.
What do the AMD numbers leave unanswered?
Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.
Members-only research
AMD · Sep 9, 2026
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