Advanced Micro Devices, Inc.
Financial Performance
AMD Revenue & Financials
Revenue
$34.6B (FY2025)
Market Cap
$999.5B
Net Income
$4.3B
Employees
31,000
What is AMD's revenue?
AMD had $34.6B in revenue for fiscal year 2025, up 34.3% from 2024. Net income was $4.3B.
- Latest revenue
- $34.6B (FY2025)
- Year-over-year
- +34.3%
- Growth rate (CAGR)
- 26% over 9 years
- Peak revenue
- $34.6B (FY2025)
- Years of data
- 10
- Employees
- 31,000
Financial Analysis
AMD's decade is a turnaround with a paper trail. Revenue fell to $4.0B in 2015 and the company lost $660M; its market value ended that year near $2.3B. Zen-based Ryzen and EPYC parts, and Intel's process delays, shifted the mix toward servers and then AI accelerators. FY2025 revenue was $34.6B, up 34% from $25.8B, with net income of $4.3B, a 50% gross margin, $8.1B of research and development spending, and $4.1B of marketing, general and administrative expense. Cash, cash equivalents, and short-term investments rose to $10.6B from $5.1B a year earlier, against $3.3B of total debt principal. The result also absorbed about $440M of net inventory and related charges tied to US export controls on Instinct MI308 products. AMD experienced exponential growth, reaching a market valuation of over $250 billion as it captured significant market share in CPUs and data center accelerators.
Revenue Trend Analysis
YoY Change
+34.3%
9-Year CAGR
+26%
Peak Year
2025
Trend
Consistent Growth
Advanced Micro Devices, Inc. has 10 full fiscal year figures on this page, compounding at +26% annually over 9 years. The most recent year saw a 34.3% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $34.6B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $34.6B | $3.7Bfiling | $4.3B | +34.3% | AMD annual report (Form 10-K, SEC EDGAR, filed 2026-02-04) Up 34% to a record, led by Data Center at $16.6B and Client and Gaming at $14.6B; gross margin 50%. |
| FY2024 | $25.8B | $1.9Bfiling | $1.6B | +13.7% | AMD annual report (Form 10-K, SEC EDGAR, filed 2025-02-05) Up 14% as Data Center revenue grew and MI300 accelerators shipped in volume. |
| FY2023 | $22.7B | $401Mfiling | $854M | -3.9% | AMD annual report (Form 10-K, SEC EDGAR, filed 2024-01-31) Down 4% on weak PC and embedded demand ahead of the Instinct MI300 ramp. |
| FY2022 | $23.6B | $1.3Bfiling | $1.3B | +43.6% | AMD annual report (Form 10-K, SEC EDGAR, filed 2023-02-27) Up 44%, including the Xilinx business from February 2022; net income fell on acquisition-related amortization. |
| FY2021 | $16.4B | $3.6Bfiling | $3.2B | +68.3% | AMD annual report (Form 10-K, SEC EDGAR, filed 2022-02-03) Up 68% as EPYC won hyperscaler designs and console volumes peaked. |
| FY2020 | $9.8B | $1.4Bfiling | $2.5B | +45.0% | AMD annual report (Form 10-K, SEC EDGAR, filed 2021-01-29) Up 45% on pandemic PC demand, new consoles, and EPYC server share gains. |
| FY2019 | $6.7B | $631Mfiling | $341M | +4.0% | AMD annual report (Form 10-K, SEC EDGAR, filed 2020-02-04) Modest growth while 7nm Ryzen and EPYC Rome products ramped. |
| FY2018 | $6.5B | $451Mfiling | $337M | +23.3% | AMD annual report (Form 10-K, SEC EDGAR, filed 2019-02-08) Up 23% as Ryzen gained desktop and notebook share; first meaningful profit since 2011. |
| FY2017 | $5.3B | $127Mfiling | -$33M | +21.6% | AMD annual report (Form 10-K, SEC EDGAR, filed 2020-02-04) First full year of Ryzen and EPYC shipments; still a small net loss. |
| FY2016 | $4.3B | -$373Mfiling | -$498M | — | AMD annual report (Form 10-K, SEC EDGAR, filed 2019-02-08) Revenue restated under the new revenue standard in the fiscal 2018 Form 10-K. Net loss of $498M. |
Click any row to see year details.
Advanced Micro Devices, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|
| FY2025ended Dec 27, 2025 | $7.7B | $974M | $76.9B | $63B | $6.7B | Form 10-K |
| FY2024ended Dec 28, 2024 | $3B | $636M | $69.2B | $57.6B | $2.4B | Form 10-K |
| FY2023ended Dec 30, 2023 | $1.7B | $546M | $67.9B | $55.9B | $1.1B | Form 10-K |
| FY2022ended Dec 31, 2022 | $3.6B | $450M | $67.6B | $54.8B | $3.1B | Form 10-K |
| FY2021ended Dec 25, 2021 | $3.5B | $301M | $12.4B | $7.5B | $3.2B | Form 10-K |
| FY2020ended Dec 26, 2020 | $1.1B | $294M | $9B | $5.8B | $777M | Form 10-K |
| FY2019ended Dec 28, 2019 | $493M | $217M | $6B | $2.8B | $276M | Form 10-K |
| FY2018ended Dec 29, 2018 | $34M | $163M | $4.6B | $1.3B | -$129M | Form 10-K |
| FY2017ended Dec 30, 2017 | $12M | $113M | $3.6B | $596M | -$101M | Form 10-K |
| FY2016ended Dec 31, 2016 | $81M | $77M | $3.3B | $477M | $4M | Form 10-K |
Keep researching AMD
AMD Revenue and Financial FAQ
What is AMD's annual revenue scale and financial growth trajectory?
Advanced Micro Devices, Inc. reported revenue of $34.6 billion for fiscal year 2025, up from $25.8 billion in fiscal 2024.
What is AMD's gross margin profile and target benchmark?
AMD reported a 50% GAAP gross margin in FY2025, up from 49% in 2024, as higher-margin Data Center and Embedded revenue displaced lower-margin console silicon. The FY2025 figure absorbed about $440 million of Instinct MI308 export-control charges.
How fast is AMD's Data Center AI revenue growing?
AMD's Instinct MI300 AI GPU family scaled rapidly into a multi-billion-dollar annual revenue business in its very first year of commercial release, making it the fastest product revenue ramp in AMD's history.
What is AMD's research and development (R&D) spending level?
AMD spent $8.1 billion on research and development in FY2025, about 23% of revenue and up 25% from $6.5 billion in 2024, funding Zen CPU cores, CDNA and RDNA graphics architectures, and ROCm software.
What is AMD's balance sheet liquidity and debt profile?
AMD held $10.6 billion of cash, cash equivalents, and short-term investments at the end of FY2025, up from $5.1 billion a year earlier, against $3.3 billion of total debt principal.
Does AMD pay a common stock dividend or conduct share repurchases?
AMD does not pay a cash dividend. It returns capital through share repurchases under a board authorization of up to $14 billion that has no termination date.
How do game console cyclical downturns impact AMD's Gaming segment financials?
As game console hardware generations (PS5 and Xbox Series X/S) mature past their peak mid-cycle sales years, AMD's Gaming segment revenue experiences natural cyclical declines, which are offset by Data Center growth.
What was the accounting impact of the Xilinx acquisition on AMD's GAAP profitability?
The Xilinx acquisition created large non-cash amortization of acquired intangibles, $2.3 billion in FY2025 alone, which holds GAAP net income well below AMD's non-GAAP operating profit and free cash flow.
What is AMD's most profitable division?
While famous for PC gaming chips, AMD generates massive revenue and its highest profit margins directly from its Data Center division, powering cloud infrastructure for tech giants.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "AMD Revenue & Financials." CorpDigest, https://corpdigest.com/company/amd/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>AMD reported $34.6B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/amd/financials" target="_blank" rel="noopener">CorpDigest — AMD financials</a></div>Related Financial Audits
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