AMD Unveils 2025 Fourth Quarter and Annual Financial Results
AMD has released its fourth quarter and full-year financial results for 2025, showcasing impressive growth across various metrics. The fourth quarter revenue reached an all-time high of $10.3 billion, complemented by a gross margin of 54%. Operating income for the quarter was reported at $1.8 billion, while the net income stood at $1.5 billion, resulting in diluted earnings per share of $0.92.
2025 Financial Highlights
For the full year of 2025, AMD achieved a record revenue of $34.6 billion, with a gross margin of 50%. The operating income for the year was $3.7 billion, and the net income amounted to $4.3 billion, leading to diluted earnings per share of $2.65. Notably, on a non-GAAP basis, AMD recorded an operating income of $7.8 billion and a net income of $6.8 billion.
Q4 2025 Performance Metrics
| Metric | Q4 2025 | Q4 2024 | Year-over-Year Change |
|---|---|---|---|
| Revenue ($M) | 10,270 | 7,658 | Up 34% |
| Gross Margin | 54% | 51% | Up 3 ppts |
| Operating Income ($M) | 1,752 | 871 | Up 101% |
| Net Income ($M) | 1,511 | 482 | Up 213% |
| Diluted EPS | 0.92 | 0.29 | Up 217% |
Full-Year 2025 Performance Metrics
| Metric | 2025 | 2024 | Year-over-Year Change |
|---|---|---|---|
| Revenue ($M) | 34,639 | 25,785 | Up 34% |
| Gross Margin | 50% | 49% | Up 1 ppt |
| Operating Income ($M) | 3,694 | 1,900 | Up 94% |
| Net Income ($M) | 4,335 | 1,641 | Up 164% |
| Diluted EPS | 2.65 | 1.00 | Up 165% |
Leadership Comments
Dr. Lisa Su, AMD’s chair and CEO, expressed optimism regarding the company’s trajectory, indicating that 2025 was transformative for AMD. She highlighted the robust demand for AMD’s high-performance EPYC and Ryzen platforms, particularly within the AI market.
Jean Hu, AMD’s CFO, echoed these sentiments, emphasizing the company’s capability to generate profitable growth at scale. He noted record operating income and free cash flow while continuing to invest strategically for long-term expansion.
Segment Performance
- Data Center Segment: Revenue grew to a record $5.4 billion in Q4 2025, up 39% from the previous year.
- Client and Gaming Segment: Revenue reached $3.9 billion in Q4 2025, marking a 37% increase year-over-year.
- Embedded Segment: Quarterly revenue was approximately $950 million, a modest increase of 3% year-over-year.
Future Outlook
Looking ahead to Q1 2026, AMD anticipates revenue to be around $9.8 billion, with a potential variation of $300 million. This projection includes expected sales to China and suggests a year-over-year growth of approximately 32% despite a slight sequential decline.
In conclusion, AMD’s robust financial performance and strategic positioning set a positive tone as the company moves into 2026 with considerable momentum in high-performance computing and AI.
