AI English summary of an SEC filing — figures as filed
Advanced Micro Devices AMDAMD said its fiscal 2025 net revenue rose 34% to $34.6 billion (2024: $25.8 billion). Data Center revenue was $16.6 billion (+32%), Client and Gaming revenue was $14.6 billion (+51%), and Embedded revenue was $3.5 billion (-3%).
Key points
AI summaryAMD said its fiscal 2025 net revenue rose 34% to $34.6 billion (2024: $25.8 billion). Data Center revenue was $16.6 billion (+32%), Client and Gaming revenue was $14.6 billion (+51%), and Embedded revenue was $3.5 billion (-3%).
The company said gross margin of 50% in 2025 (2024: 49%) was mainly due to product mix. It cited approximately $440 million of net inventory and related charges tied to the U.S. government export control on MI308 as a partial offset.
AMD said it acquired ZT Systems in March 2025 for $3.2 billion in cash and 8.3 million shares of its common stock. It said it sold the ZT Manufacturing Business to Sanmina in October of that year for $2.4 billion in cash and 1.2 million shares of Sanmina common stock. The company said it is also eligible to receive up to $450 million in additional contingent cash consideration.
AMD said its fiscal 2025 operating cash flow from continuing operations was $6.5 billion, and cash, cash equivalents and short-term investments at year-end were $10.6 billion ($5.1 billion at the end of the prior year). It said it used $1.3 billion for share repurchases during the year and that $9.4 billion remained available under the repurchase program at year-end.
Key figures
Fiscal year ended December 27, 2025
- Revenue
- $34.6B
- Operating income
- $3.7B
- Net income
- $4.3B
- EPS
- $2.65
- Gross profit
- $17.2B
- Operating cash flow
- $7.7B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
AMD fiscal 2025 net revenue of $34.6 billion
AMD said its fiscal 2025 net revenue rose 34% to $34.6 billion (2024: $25.8 billion). Data Center revenue was $16.6 billion (+32%), Client and Gaming revenue was $14.6 billion (+51%), and Embedded revenue was $3.5 billion (-3%).
Source · Based on the MD&A text of the filing
Gross margin of 50% and about $440 million in MI308-related charges
The company said gross margin of 50% in 2025 (2024: 49%) was mainly due to product mix. It cited approximately $440 million of net inventory and related charges tied to the U.S. government export control on MI308 as a partial offset.
Source · Based on the MD&A text of the filing
ZT Systems acquisition and Sanmina sale
AMD said it acquired ZT Systems in March 2025 for $3.2 billion in cash and 8.3 million shares of its common stock. It said it sold the ZT Manufacturing Business to Sanmina in October of that year for $2.4 billion in cash and 1.2 million shares of Sanmina common stock. The company said it is also eligible to receive up to $450 million in additional contingent cash consideration.
Source · Based on the MD&A text of the filing
Fiscal 2025 cash flow and liquidity
AMD said its fiscal 2025 operating cash flow from continuing operations was $6.5 billion, and cash, cash equivalents and short-term investments at year-end were $10.6 billion ($5.1 billion at the end of the prior year). It said it used $1.3 billion for share repurchases during the year and that $9.4 billion remained available under the repurchase program at year-end.
Source · Based on the MD&A text of the filing
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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