Advanced Micro Devices, Inc.
amd.comWhat Do They Do?
Sells computing chips and systems for data centers, personal computers, gaming devices and embedded equipment to cloud operators, computer makers and industrial businesses.
10-K for FY2025, filed Feb 4, 2026AMD drives innovation in high performance and AI computing to solve the world’s most important challenges. AMD technology powers billions…View ↗
the Data Center segment, which primarily includes AI accelerators, CPUs for servers, GPUs, APUs, DPUs, AI NICs, FPGAs and SoC products for…View ↗
Our Data Center Segment customers consist primarily of hyperscale data centers, original equipment manufacturers (OEMs), original design…View ↗
Our Client and Gaming Segment customers consist primarily of PC OEMs, a network of independent distributors and, for chipset products, ODMs…View ↗
Our Embedded Segment products are sold to customers in a very wide range of markets such as aerospace and defense, automotive, industrial…View ↗
How Do They Make Money?
Customers pay mainly for AMD products: standard products are paid for after shipment, while custom orders are paid as production progresses. Development and IP agreements can be paid over time or when the license is delivered.
10-K for FY2025, filed Feb 4, 2026Revenue is recognized when a customer obtains control of promised goods or services and is recognized in an amount that reflects the…View ↗
Customers are generally required to pay for products and services within the Company’s standard contractual terms, which are typically net…View ↗
The Company transfers control and recognizes revenue when non-custom products are shipped to customers, which includes original equipment…View ↗
Custom products, which are primarily associated with the Company’s Client and Gaming segment, are sold under non-cancellable purchases…View ↗
From time to time, the Company may enter into arrangements with customers that combine the provision of development services and a license…View ↗
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10-K for FY2025, filed Feb 4, 2026
FY2025 revenue by reportable segment ↗
$34.6B
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10-K for FY2025, filed Feb 4, 2026
$34.6B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Datacenter
Sold outright
10-K for FY2025, filed Feb 4, 2026 |
48%
FY2022: 26%
|
Datacenter, FY2025
$16.6B Sources
|
Sold outright |
|
Embedded
Sold outright
10-K for FY2025, filed Feb 4, 2026 |
10.0%
FY2022: 19%
|
Embedded, FY2025
$3.5B Sources
|
Sold outright |
|
Client and Gaming
Sold outright
10-K for FY2025, filed Feb 4, 2026 |
42% |
Client and Gaming, FY2025
$14.6B Sources
|
Sold outright |
Who Are Their Customers?
Data center customers include cloud operators, equipment makers and system integrators; PC products are sold mainly through computer makers and distributors, while embedded products are sold directly or through distributors and equipment makers.
10-K for FY2025, filed Feb 4, 2026We sell our products via a direct sales force, our OEMs (as described in detail below) and through independent distributors and sales…View ↗
Our Data Center Segment customers consist primarily of hyperscale data centers, original equipment manufacturers (OEMs), original design…View ↗
Our Client and Gaming Segment customers consist primarily of PC OEMs, a network of independent distributors and, for chipset products, ODMs…View ↗
Our Embedded Segment products are sold to customers in a very wide range of markets such as aerospace and defense, automotive, industrial…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 13 cents of every revenue dollar as net income in FY2025 and turned 19 cents into free cash flow.
10-K for FY2025, filed Feb 4, 2026
$3.7BView ↗
10-K for FY2025, filed Feb 4, 2026
$4.3BView ↗
10-K for FY2025, filed Feb 4, 2026
$6.7BView ↗
How Are They Changing?
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Aug 4, 2026
AMD gives Q3 revenue guidance of about $13 billion
Sources
8-K, filed Aug 4, 2026
17 | | Q2 2026 FINANCIAL RESULTS – August 4, 2026 Financial Outlook – NON-GAAP(1) (1) See Cautionary Statement on Slide 2. These…View ↗
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May 5, 2026
AMD gives Q2 revenue guidance of about $11.2 billion
Sources
8-K, filed May 5, 2026
17 | | Q1 2026 FINANCIAL RESULTS – May 5, 2026 Financial Outlook – NON-GAAP1 1. See Cautionary Statement on Slide 2. These forward-looking…View ↗
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Feb 24, 2026
Meta commits to a multiyear AMD GPU deployment
The agreement covers up to 6 gigawatts of AMD Instinct GPUs.
Sources
8-K, filed Feb 24, 2026
Under the arrangement, the parties entered into an amendment to that certain Master Purchase Agreement dated May 23, 2023 (the “Agreement”)…View ↗
Growing. Revenue grew 2.1x in 4 years, from $16.4B in FY2021 to $34.6B in FY2025, about 20% a year.
Rack-scale AI systems
The older report described data-center chips and server solutions; the latest adds rack-scale AI platforms that combine CPUs, GPUs and networking, broadening the offering from components to integrated systems.
10-K for FY2022, filed Feb 27, 2023 10-K for FY2025, filed Feb 4, 2026We leverage our high-performance CPU, GPU, FPGA and DPU product portfolios to deliver solutions that are differentiated at the chip level…View ↗
In 2025, a key priority was accelerating growth in our Data Center segment. Demand for our data center AI accelerator products was strong…View ↗
Who Do They Compete With?
Competes with Intel, Nvidia, Altera, Lattice Semiconductor, Microsemi, Broadcom, Marvell Technology Group, Analog Devices, Texas Instruments, NXP Semiconductors, and Qualcomm
10-K for FY2025, filed Feb 4, 2026In the Data Center segment, we compete primarily against Intel Corporation (Intel) and Nvidia Corporation (Nvidia with our CPU, GPU DPU and…View ↗
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