The company said revenue for Q2 2025 (ended June 28, 2025) was $7.7 billion, GAAP operating loss was $134 million, and net income was $872 million. Revenue rose 32% from a year earlier.

1. 01

   The company said revenue for Q2 2025 (ended June 28, 2025) was $7.7 billion, GAAP operating loss was $134 million, and net income was $872 million. Revenue rose 32% from a year earlier.

2. 02

   The company said U.S. government export restrictions on the AMD Instinct MI308 data center GPU led to about $800 million in inventory and related charges for the quarter. Excluding these charges, it said non-GAAP gross margin would have been about 54%.

3. 03

   AMD said operating cash flow from continuing operations for Q2 2025 was $1,462 million, purchases of property and equipment were $282 million, and free cash flow was $1,180 million, or 15% of revenue.

4. 04

   The company said it expects revenue for Q3 2025 of about $8.7 billion (plus or minus $300 million) and non-GAAP gross margin of about 54%. It said the outlook does not include any MI308 shipments to China.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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