Advanced Micro Devices (AMD) — Company

Price

Revenue (FY2025) $34.64B

Revenue growth 34.3%

Gross margin 49.5%

Operating margin 10.7%

Net margin 12.5%

Free cash flow $6.74B

Founded 1969

Employees 26,000

Website amd.com/

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Financials

Annual · FY2025 · source: SEC EDGAR

Revenue

Net income

Free cash flow

EPS

Income statement	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Revenue	$34.64B	$25.79B	$22.68B	$23.60B	$16.43B	$9.76B
Cost of revenue	$17.49B	$13.06B	$12.22B	$13.00B	$8.51B	$5.42B
Gross profit	$17.15B	$12.72B	$10.46B	$10.60B	$7.93B	$4.35B
Gross margin	49.5%	49.4%	46.1%	44.9%	48.2%	44.5%
R&D	$8.09B	$6.46B	$5.87B	$5.00B	$2.85B	$1.98B
SG&A	$4.14B	$2.73B	$2.32B	$2.34B	$1.45B	$995.0M
Operating income	$3.69B	$1.90B	$401.0M	$1.26B	$3.65B	$1.37B
Operating margin	10.7%	7.4%	1.8%	5.4%	22.2%	14.0%
Pretax income	$4.17B	$2.02B	$508.0M	$1.20B	$3.67B	$1.28B
Income tax	-$103.0M	$381.0M	-$346.0M	-$122.0M	$513.0M	-$1.21B
Net income	$4.33B	$1.64B	$854.0M	$1.32B	$3.16B	$2.49B
Net margin	12.5%	6.4%	3.8%	5.6%	19.2%	25.5%
EPS (diluted)	$2.65	$1.00	$0.53	$0.84	$2.57	$2.06
EPS (basic)	$2.67	$1.01	$0.53	$0.85	$2.61	$2.10
Shares (diluted)	1.64B	1.64B	1.62B	1.57B	1.23B	1.21B
Shares (basic)	1.62B	1.62B	1.61B	1.56B	1.21B	1.18B

Balance sheet	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Total assets	$76.93B	$69.23B	$67.89B	$67.58B	$12.42B	$8.96B
Cash & equivalents	$5.54B	$3.79B	$3.93B	$4.83B	$2.54B	$1.59B
Stockholders' equity	$63.00B	$57.57B	$55.89B	$54.75B	$7.50B	$5.84B

Cash flow	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Operating cash flow	$7.71B	$3.04B	$1.67B	$3.56B	$3.52B	$1.07B
Capital expenditure	$974.0M	$636.0M	$546.0M	$450.0M	$301.0M	$294.0M
Free cash flow	$6.74B	$2.40B	$1.12B	$3.12B	$3.22B	$777.0M

Income statement	TTM	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Revenue	$37.45B	$10.25B	$10.27B	$9.25B	$7.68B	$7.44B	$7.66B	$6.82B	$5.83B
Cost of revenue	$18.62B	$4.84B	$4.69B	$4.47B	$4.63B	$3.70B	$3.78B	$3.40B	$2.97B
Gross profit	$18.83B	$5.42B	$5.58B	$4.78B	$3.06B	$3.74B	$3.88B	$3.42B	$2.86B
Gross margin	50.3%	52.8%	54.3%	51.7%	39.8%	50.2%	50.7%	50.1%	49.1%
R&D	$8.76B	$2.40B	$2.33B	$2.14B	$1.89B	$1.73B	$1.71B	$1.64B	$1.58B
SG&A	$4.51B	$1.25B	$1.20B	$1.07B	$991.0M	$886.0M	$781.0M	$707.0M	$640.0M
Operating income	$4.36B	$1.48B	$1.75B	$1.27B	-$134.0M	$806.0M	$871.0M	$724.0M	$269.0M
Operating margin	11.7%	14.4%	17.1%	13.7%	-1.7%	10.8%	11.4%	10.6%	4.6%
Pretax income	$4.95B	$1.60B	$2.10B	$1.31B	-$74.0M	$825.0M	$922.0M	$737.0M	$299.0M
Income tax	$12.0M	$238.0M	$455.0M	$153.0M	-$834.0M	$123.0M	$419.0M	-$27.0M	$41.0M
Net income	$5.01B	$1.38B	$1.51B	$1.24B	$872.0M	$709.0M	$482.0M	$771.0M	$265.0M
Net margin	13.4%	13.5%	14.7%	13.4%	11.3%	9.5%	6.3%	11.3%	4.5%
EPS (diluted)	$3.05	$0.84	$0.92	$0.75	$0.54	$0.44	$0.29	$0.47	$0.16
EPS (basic)	$3.08	$0.85	$0.93	$0.76	$0.54	$0.44	$0.29	$0.48	$0.16
Shares (diluted)	1.64B	1.65B	1.65B	1.64B	1.63B	1.63B	1.63B	1.64B	1.64B
Shares (basic)	1.63B	1.63B	1.63B	1.63B	1.62B	1.62B	1.62B	1.62B	1.62B

Cash flow	TTM	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Operating cash flow	$9.72B	$2.96B	$2.60B	$2.16B	$2.01B	$939.0M	$1.30B	$628.0M	$593.0M
Capital expenditure	$1.15B	$389.0M	$222.0M	$258.0M	$282.0M	$212.0M	$208.0M	$132.0M	$154.0M
Free cash flow	$8.57B	$2.57B	$2.38B	$1.90B	$1.73B	$727.0M	$1.09B	$496.0M	$439.0M

Ratios & metrics

source: SEC EDGAR · quarterly on a trailing-twelve-month basis

Profitability	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Gross margin	49.5%	49.4%	46.1%	44.9%	48.2%	44.5%
Operating margin	10.7%	7.4%	1.8%	5.4%	22.2%	14.0%
EBITDA margin	10.7%	7.4%	1.8%	5.4%	22.2%	14.0%
Net margin	12.5%	6.4%	3.8%	5.6%	19.2%	25.5%

Returns	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	6.9%	2.9%	1.5%	2.4%	42.2%	42.7%
Return on assets	5.6%	2.4%	1.3%	2.0%	25.5%	27.8%
Return on invested capital	6.2%	2.8%	1.2%	2.7%	59.5%	58.2%
Return on capital employed	5.5%	3.1%	0.7%	2.1%	44.6%	20.9%

Liquidity	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Current ratio	2.85	2.62	2.51	2.36	2.02	2.54
Quick ratio	2.01	1.83	1.86	1.77	1.56	1.96
Cash ratio	0.59	0.52	0.59	0.76	0.60	0.66
Working capital	$17.49B	$11.77B	$10.08B	$8.65B	$4.34B	$3.73B

Leverage	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Debt to equity	0.05	0.03	0.04	0.05	0.04	0.06
Debt to assets	0.04	0.02	0.04	0.04	0.03	0.04
Net debt	-$2.32B	-$2.07B	-$1.47B	-$2.37B	-$2.22B	-$1.26B
Net debt / EBITDA	-0.63	-1.09	-3.65	-1.87	-0.61	-0.92
Interest coverage	28.2×	20.7×	3.8×	14.4×	107.3×	29.1×
Financial leverage	1.22	1.20	1.21	1.23	1.66	1.54

Efficiency	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Asset turnover	0.45	0.37	0.33	0.35	1.32	1.09
Inventory turnover	2.21	2.28	2.81	3.45	4.35	3.87
Receivables turnover	5.49	4.16	5.25	5.72	6.07	4.73
Days sales outstanding	67 days	88 days	70 days	64 days	60 days	77 days
Days inventory outstanding	165 days	160 days	130 days	106 days	84 days	94 days
Days payables outstanding	61 days	69 days	61 days	70 days	57 days	32 days

Cash flow	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Free cash flow	$6.74B	$2.40B	$1.12B	$3.12B	$3.22B	$777.0M
Free cash flow margin	19.4%	9.3%	4.9%	13.2%	19.6%	8.0%
Income quality (CFO / net income)	1.78	1.85	1.95	2.70	1.11	0.43
Capex to revenue	2.8%	2.5%	2.4%	1.9%	1.8%	3.0%

Per share	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Revenue per share	$21.33	$15.92	$14.05	$15.12	$13.55	$8.25
Book value per share	$38.79	$35.54	$34.63	$35.07	$6.18	$4.93
Cash per share	$3.41	$2.34	$2.44	$3.10	$2.09	$1.35
Free cash flow per share	$4.15	$1.48	$0.69	$2.00	$2.65	$0.66

Growth	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Revenue growth (YoY)	34.3%	13.7%	-3.9%	43.6%	68.3%	—
Net income growth (YoY)	164.2%	92.2%	-35.3%	-58.3%	27.0%	—
EPS growth (YoY)	164.4%	90.6%	-37.6%	-67.4%	24.3%	—

Profitability	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Gross margin	50.3%	49.5%	48.3%	47.6%	50.1%	49.4%	48.4%	47.6%
Operating margin	11.7%	10.7%	8.8%	7.7%	9.6%	7.4%	5.6%	3.7%
EBITDA margin	11.7%	10.7%	8.8%	7.7%	9.6%	7.4%	5.6%	3.7%
Net margin	13.4%	12.5%	10.3%	9.6%	8.0%	6.4%	7.5%	5.8%

Returns	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Return on equity	7.8%	6.9%	5.4%	4.7%	3.8%	2.9%	3.2%	2.4%
Return on assets	6.3%	5.6%	4.3%	3.8%	3.1%	2.4%	2.6%	2.0%
Return on invested capital	7.0%	6.2%	5.0%	4.4%	3.9%	2.8%	3.1%	2.2%
Return on capital employed	6.3%	5.5%	4.3%	3.5%	4.2%	3.1%	2.2%	1.4%

Liquidity	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Current ratio	2.72	2.85	2.31	2.49	2.80	2.62	2.50	2.82
Quick ratio	1.96	2.01	1.68	1.81	1.97	1.83	1.78	2.01
Cash ratio	0.53	0.59	0.41	0.45	0.79	0.52	0.52	0.66
Working capital	$18.12B	$17.49B	$15.30B	$14.68B	$13.89B	$11.77B	$11.23B	$11.27B

Leverage	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Debt to equity	0.05	0.05	0.05	0.05	0.06	0.03	0.03	0.03
Debt to assets	0.04	0.04	0.04	0.04	0.04	0.02	0.02	0.03
Net debt	-$2.36B	-$2.32B	-$1.59B	-$1.22B	-$2.83B	-$2.07B	-$2.18B	-$2.39B
Net debt / EBITDA	-0.54	-0.63	-0.56	-0.54	-1.06	-1.09	-1.59	-2.75
Interest coverage	29.5×	28.2×	24.7×	22.7×	30.7×	20.7×	13.7×	8.5×
Financial leverage	1.24	1.22	1.26	1.25	1.24	1.20	1.22	1.20

Efficiency	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Asset turnover	0.47	0.45	0.42	0.40	0.39	0.37	0.35	0.34
Inventory turnover	2.31	2.21	2.27	2.32	2.16	2.28	2.33	2.44
Receivables turnover	6.21	5.49	5.16	5.79	5.10	4.16	3.36	4.05
Days sales outstanding	59 days	67 days	71 days	63 days	72 days	88 days	109 days	90 days
Days inventory outstanding	158 days	165 days	161 days	157 days	169 days	160 days	156 days	149 days
Days payables outstanding	59 days	61 days	77 days	73 days	58 days	69 days	74 days	51 days

Cash flow	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Free cash flow	$8.57B	$6.74B	$5.45B	$4.04B	$2.75B	$2.40B	$1.56B	$1.36B
Free cash flow margin	22.9%	19.4%	17.0%	13.7%	9.9%	9.3%	6.4%	5.8%
Income quality (CFO / net income)	1.94	1.78	1.94	1.72	1.55	1.85	1.16	1.42
Capex to revenue	3.1%	2.8%	3.0%	2.8%	2.5%	2.5%	2.3%	2.4%

Per share	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Revenue per share	$23.02	$21.33	$19.73	$18.25	$17.13	$15.92	$15.02	$14.39
Book value per share	$39.63	$38.79	$37.46	$36.80	$35.72	$35.55	$35.22	$34.96
Cash per share	$3.43	$3.41	$2.96	$2.74	$3.73	$2.34	$2.41	$2.54
Free cash flow per share	$5.27	$4.15	$3.36	$2.49	$1.70	$1.49	$0.96	$0.84

Growth	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Revenue growth (YoY)	35.0%	34.3%	31.8%	27.2%	21.7%	13.7%	9.9%	6.4%
Net income growth (YoY)	124.9%	164.2%	81.1%	109.3%	99.6%	92.2%	777.9%	5516.0%
EPS growth (YoY)	124.8%	164.4%	79.6%	110.8%	98.6%	94.2%	841.7%	4250.0%

What does Advanced Micro Devices do?

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Advanced Micro Devices (AMD) designs and sells x86 server and consumer CPUs, AI and data-center GPUs, gaming graphics chips, FPGAs, and adaptive computing platforms. The company is structurally NVIDIA's largest direct competitor in merchant AI accelerators and Intel's largest direct competitor in server CPUs.

The business reports across four segments: Data Center, Client, Gaming, and Embedded. Data Center is the largest by revenue and includes EPYC server CPUs, Instinct AI accelerators, Pensando networking, and the Helios rack-scale platform that combines them. Client covers Ryzen consumer and commercial CPUs, including PC and laptop APUs. Gaming covers Radeon discrete GPUs and the semi-custom chips inside the Sony PlayStation 5 and Microsoft Xbox Series S/X consoles. Embedded, the segment formed around the 2022 Xilinx acquisition, covers FPGAs, adaptive SoCs, and Versal AI platforms used in networking, defense, industrial, and automotive systems.

AMD's central competitive position in AI is a structural second source to NVIDIA. Instinct accelerators (MI series) lead with high memory capacity and bandwidth, which favors inference workloads on large memory-intensive models. The company's software stack, ROCm, has historically lagged NVIDIA's CUDA in maturity and tooling breadth but has accelerated development cadence in recent years and now provides day-zero support for major open models on frameworks like PyTorch, vLLM, and SGLang. AMD's path to expanded share runs through hyperscaler customers with the engineering resources to optimize for ROCm directly.

AMD's EPYC server CPU franchise has built durable share against Intel's Xeon by leading on core count, memory bandwidth, and performance per watt across multiple successive generations. The structural growth driver for EPYC has been agentic AI and inference workloads, which require substantially more CPU compute alongside accelerator deployments for orchestration, data movement, and head-node operations.

Like NVIDIA, AMD operates a fabless model. TSMC is the primary foundry partner for advanced-node products. The capital-light structure has allowed AMD to scale revenue significantly while maintaining substantial free cash flow generation. The Xilinx and Pensando acquisitions have broadened the product portfolio beyond CPUs and GPUs into FPGAs and networking, creating a more complete data-center silicon stack.

AMD's anchor AI customer relationships include Meta (multi-gigawatt Instinct GPU commitment co-designed on the MI450 architecture) and OpenAI (strategic partnership covering multiple product generations). These multi-generation, multi-gigawatt commitments are the strongest evidence that AMD's GPU business is compounding beyond opportunistic deployments into a structural second-source position at major AI customers.

Founders

Jerry Sanders departed 2002

Co-founder, first CEO

Sales engineer at Fairchild Semiconductor. Founded AMD in 1969 with seven Fairchild colleagues. Served as CEO until 2002, one of the longest CEO tenures in semiconductor history.

Ed Turney departed early

Co-founder

One of the original eight Fairchild engineers and salespeople who founded AMD in 1969 alongside Jerry Sanders.

Jack Gifford departed

Co-founder

Among the founding team in 1969. Later founded Maxim Integrated Products, where he served as CEO for over two decades.

Customers

MicrosoftMetaAWSGoogle CloudOracle Cloud InfrastructureOpenAITencentAlibaba CloudSonyNintendoDellHPELenovoSupermicroCiscoTeslaMercedes-Benz

AMD's customer base spans four main segments. Hyperscale cloud providers and frontier AI labs (Microsoft Azure, Meta, AWS, Google Cloud, Oracle, Tencent, Alibaba, OpenAI) are the largest data-center customers, deploying EPYC server CPUs at scale and increasingly Instinct GPUs for AI training and inference. Enterprise covers Fortune 500 and AI-native enterprises buying EPYC-based servers from OEM partners or AMD-powered cloud instances. OEM and system integrators (Dell, HPE, Lenovo, Supermicro, Cisco) build and resell EPYC and Instinct platforms. Console makers (Sony PlayStation, Microsoft Xbox) license semi-custom AMD silicon for their gaming consoles, providing a stable multi-year revenue stream. Consumer covers Ryzen CPU and Radeon GPU sales through OEMs and retail channels.

Insider transactions · AMD

Date	Insider	Role	Type	Shares	Price	Value
Jun 15, 2026	Guido Philip	EVP & Chief Commercial Officer	Option exercise	7,495	—	—
Jun 15, 2026	Papermaster Mark D	Chief Technology Officer & EVP	Option exercise	6,000	$84.85	$509,100
Jun 15, 2026	Guido Philip	EVP & Chief Commercial Officer	Tax withholding	2,950	$547.26	$2M
Jun 15, 2026	Papermaster Mark D	Chief Technology Officer & EVP	Sell	6,000	$536.33	$3M
Jun 15, 2026	Guido Philip	EVP & Chief Commercial Officer	Option exercise	7,495	—	—
Jun 15, 2026	Papermaster Mark D	Chief Technology Officer & EVP	Option exercise	6,000	—	—
Jun 12, 2026	Su Lisa T	Chair, President & CEO · Director	Gift	30,000	—	—
Jun 10, 2026	Su Lisa T	Chair, President & CEO · Director	Sell	2,720	$449.21	$1M
Jun 10, 2026	Su Lisa T	Chair, President & CEO · Director	Sell	700	$450.40	$315,280
Jun 10, 2026	Su Lisa T	Chair, President & CEO · Director	Sell	4,400	$451.53	$2M
Jun 10, 2026	Su Lisa T	Chair, President & CEO · Director	Sell	12,862	$452.40	$6M
Jun 10, 2026	Su Lisa T	Chair, President & CEO · Director	Sell	14,458	$453.45	$7M
Jun 10, 2026	Su Lisa T	Chair, President & CEO · Director	Sell	9,392	$454.43	$4M
Jun 10, 2026	Su Lisa T	Chair, President & CEO · Director	Sell	7,390	$455.40	$3M
Jun 10, 2026	Su Lisa T	Chair, President & CEO · Director	Sell	6,638	$456.38	$3M

See every insider trade on AMD — unlock with MLQ Pro →

Source: SEC Form 4. Grants, gifts and option exercises show no market value.

Institutional ownership · AMD

448 institutional holders · $6.8B · 13F, Jun 2026

Holder	Shares	Value
Assenagon Asset Management S.A.	5,320,075	$3.1B
Handelsbanken Fonder Ab	1,000,860	$581M
Cardano Risk Management B.V.	506,119	$294M
Czech National Bank	464,132	$270M
Pensiondanmark Pensionsforsikringsaktieselskab	315,846	$183M
Qrg Capital Management, Inc.	286,441	$166M
Salem Investment Counselors Inc	261,958	$152M
Eastern Bank	154,551	$90M
Aegon Asset Management Uk Plc	141,722	$82M
Steelpeak Wealth, Llc	135,689	$79M
Beacon Investment Advisory Services, Inc.	127,204	$74M
Bdf-Gestion	27,726	$73M
Abner Herrman & Brock Llc	124,700	$72M
Covea Finance	100,044	$58M
Ardsley Advisory Partners Lp	93,000	$54M
Community Trust & Investment Co	91,177	$53M
Jacobs & Co/Ca	89,077	$52M
Global X Japan Co., Ltd.	66,978	$39M
E. Ohman J:Or Asset Management Ab	57,524	$33M
Family Legacy Financial Solutions, Llc	59,760	$31M

See all 448 institutional holders — unlock with MLQ Pro →

Source: SEC Form 13F (latest reported quarter; managers file up to 45 days after quarter-end).

Competitors

NVIDIA →

Direct competitor in merchant AI accelerators and gaming GPUs. NVIDIA holds the dominant share; AMD is the structural second source.

Intel →

Primary x86 server and client CPU competitor. AMD has gained durable share against Xeon with successive EPYC generations.

Broadcom →

Competes via custom AI ASICs designed in partnership with hyperscalers.

Arm →

Arm server CPU IP licensed to hyperscalers (Amazon Graviton, Microsoft Cobalt) competes structurally with x86 EPYC.

Google →

Internal TPU silicon reduces accelerator share available to AMD at Google Cloud.

Amazon →

Trainium and Inferentia chips, paired with Graviton CPUs, reduce AMD's addressable share at AWS.

More metrics

Income statement

Revenue → Gross Profit → Operating Income → Net Income → Operating Cash Flow →

Balance sheet

Total Assets → Cash on Hand → Shares Outstanding → Earnings per Share →

Profitability

Gross Margin → Operating Margin → EBITDA Margin → Net Profit Margin → Profitability →

Returns

Return on Equity → Return on Assets → Return on Invested Capital → Return on Capital Employed → Returns →

Liquidity

Current Ratio → Quick Ratio → Cash Ratio → Liquidity →

Leverage & solvency

Debt to Equity → Debt to Assets → Net Debt / EBITDA → Interest Coverage → Solvency & Leverage →

Efficiency

Asset Turnover → Inventory Turnover → Efficiency →

Per share & growth

Revenue per Share → Book Value per Share → Per-Share Metrics → Growth →

Frequently asked questions about Advanced Micro Devices

What does AMD do?

AMD designs and sells x86 server and consumer CPUs (EPYC, Ryzen), AI and data-center GPUs (Instinct), gaming graphics chips (Radeon), FPGAs and adaptive computing platforms (the Xilinx product line, including Versal), and semi-custom silicon for gaming consoles (PlayStation, Xbox). Data Center is the largest segment by revenue.

Who founded AMD?

AMD was founded in 1969 by Jerry Sanders and seven other engineers and salespeople who left Fairchild Semiconductor. Sanders served as CEO until 2002, one of the longest CEO tenures in the semiconductor industry. Co-founder Jack Gifford later founded Maxim Integrated.

When did AMD go public?

AMD went public on the New York Stock Exchange in 1972, three years after founding. The company has traded continuously since.

What is ROCm?

ROCm (Radeon Open Compute) is AMD's open-source software stack for GPU computing, analogous to NVIDIA's CUDA. ROCm provides drivers, libraries, and programming tools for running AI and HPC workloads on AMD Instinct and Radeon GPUs. Closing the ROCm tooling gap with CUDA is AMD's central software strategy for AI.

Who are AMD's main competitors?

In merchant AI accelerators, AMD competes directly with NVIDIA. In server CPUs, AMD competes with Intel (Xeon) and increasingly with Arm-based custom silicon from hyperscalers (AWS Graviton, Microsoft Cobalt). In custom AI silicon, AMD competes with Broadcom, which partners with hyperscalers to design ASICs. In gaming consoles, AMD's semi-custom business has no direct competitor: Sony and Microsoft both standardized on AMD silicon for their current console generations.

What is the Instinct GPU line?

Instinct is AMD's data-center GPU family targeting AI training and inference workloads. The MI series (MI300, MI355X, and forthcoming MI450 on the Helios rack-scale platform) competes with NVIDIA's data-center GPUs. AMD's anchor Instinct customers include Meta and OpenAI, both of which have committed to multi-gigawatt, multi-generation deployments.

Why did AMD buy Xilinx?

AMD acquired Xilinx in 2022 for approximately $50 billion in an all-stock transaction. The acquisition added FPGAs, adaptive SoCs, and the Versal AI platform to AMD's portfolio, creating a more complete data-center silicon stack and expanding into networking, defense, industrial, and automotive markets.

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Earnings Intelligence Jun 14, 2026

NVDA vs. AMD: Q1 2026 Earnings Comparison

NVIDIA data center hit $75B (+92% YoY) while AMD data center hit $5.8B (+57% YoY), a 12.9x gap. Both companies target the same H2 2026 next-gen GPU production window, but with sha…

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Market Map Apr 23, 2026

The AI Infrastructure Market Map: 88 Companies Across the Full Stack

From silicon foundries to inference APIs, the AI infrastructure ecosystem is absorbing ~$690 billion in hyperscaler capital expenditure in 2026 alone — mapping every layer from ch…

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Earnings Intelligence Apr 09, 2026

HBM4 & the AI Memory Chokepoint: What MU, NVDA, and AMD Execs Are Saying

Micron's HBM4 volume shipments for NVIDIA Vera Rubin confirm AI memory has crossed from commodity to strategic asset, while AMD's leap to HBM4E in 2027 and MU's 50–67% fulfillment…

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Company Spotlight Apr 03, 2026

AMD: EPYC Dominance, Instinct Inference, and the Long War Against CUDA

AMD closed FY2025 with record revenue of $34.6B (+34% YoY), a surging EPYC server CPU franchise, and an AI GPU business generating $16.6B in data center revenue — yet the gap to N…

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MLQ.ai Featured on AMD

MLQ.ai Jul 13, 2026

SK Hynix Plunges 15% in Record Seoul Crash, Dragging Global Chip Stocks Lower

SK Hynix shares plunged more than 15% in Seoul on July 13, marking the stock's largest single-day decline on record, just three days after its $26.5 billion Nasdaq ADR listing. The selloff rippled across global…

Press releases · AMD

SEC 8-K · Earnings May 5, 2026

AMD Reports First Quarter 2026 Financial Results SANTA CLARA, Calif

SEC 8-K · Press Release Feb 24, 2026

Meta is partnering with AMD to rapidly scale AI infrastructure and accelerate the development and deployment of cutting-edge AI models •

SEC 8-K · Earnings Feb 3, 2026

AMD Reports Fourth Quarter and Full Year 2025 Financial Results SANTA CLARA, Calif

SEC 8-K · Earnings Nov 4, 2025

AMD Reports Third Quarter 2025 Financial Results SANTA CLARA, Calif

SEC 8-K · Press Release Oct 27, 2025

AMD Completes Divestiture of ZT Systems Data Center Infrastructure Manufacturing Business to Sanmina News Highlights  AMD retai

SEC 8-K · Earnings Aug 5, 2025

AMD Reports Second Quarter 2025 Financial Results SANTA CLARA, Calif

SEC filings 165 total · EDGAR

Financials 37

10-Q	Quarterly report · Mar 28, 2026	May 06, 2026	Read →
10-K	Annual report · Dec 27, 2025	Feb 04, 2026	Read →
10-K/A	Annual report (amended) · Dec 27, 2025	Feb 04, 2026	Read →
10-Q	Quarterly report · Sep 27, 2025	Nov 05, 2025	Read →
10-Q	Quarterly report · Jun 28, 2025	Aug 06, 2025	Read →
10-Q	Quarterly report · Mar 29, 2025	May 07, 2025	Read →
10-K	Annual report · Dec 28, 2024	Feb 05, 2025	Read →
10-Q	Quarterly report · Sep 28, 2024	Oct 30, 2024	Read →

+29 more financials

Current reports 113

8-K	Current report · Items 5.02 · Jun 26, 2026	Jul 01, 2026	Read →
8-K	Current report · Items 1.01,1.02,2.03,5.0… · May 13, 2026	May 15, 2026	Read →
8-K	Current report · Items 2.02,7.01,9.01 · May 05, 2026	May 05, 2026	Read →
8-K	Current report · Items 1.01,3.02,7.01,9.01 · Feb 23, 2026	Feb 24, 2026	Read →
8-K	Current report · Items 5.02 · Feb 10, 2026	Feb 17, 2026	Read →
8-K	Current report · Items 2.02,7.01,9.01 · Feb 03, 2026	Feb 03, 2026	Read →
8-K	Current report · Items 5.02,9.01 · Jan 16, 2026	Jan 20, 2026	Read →
8-K	Current report · Items 5.02,9.01 · Dec 12, 2025	Dec 15, 2025	Read →

+105 more current reports

Prospectuses & registrations 4

424B5	Prospectus	Mar 12, 2025	Read →
424B5	Prospectus	Mar 10, 2025	Read →
424B5	Prospectus	Jun 08, 2022	Read →
424B5	Prospectus	Jun 07, 2022	Read →

Proxies 9

DEF 14A	Proxy statement · May 13, 2026	Mar 27, 2026	Read →
DEF 14A	Proxy statement · May 14, 2025	Mar 28, 2025	Read →
DEF 14A	Proxy statement · May 08, 2024	Mar 25, 2024	Read →
DEF 14A	Proxy statement	Mar 31, 2023	Read →
DEF 14A	Proxy statement · May 18, 2022	Mar 31, 2022	Read →
DEF 14A	Proxy statement · May 19, 2021	Mar 31, 2021	Read →
DEF 14A	Proxy statement · May 07, 2020	Mar 26, 2020	Read →
DEF 14A	Proxy statement · May 15, 2019	Mar 21, 2019	Read →

+1 more proxies

Ownership 2

SC 13G	Beneficial ownership (13G)	Feb 07, 2020	Read →
SC 13G	Beneficial ownership (13G)	Aug 15, 2019	Read →

Form	Description	Filed	Link
8-K	Current report · Items 5.02	Jul 01, 2026	Read → SEC ↗
8-K	Current report · Items 1.01,1.02,2.03,5.02,5.07,9.01	May 15, 2026	Read → SEC ↗
10-Q	Quarterly report	May 06, 2026	Read → SEC ↗
8-K	Current report · Items 2.02,7.01,9.01	May 05, 2026	Read → SEC ↗
DEF 14A	Proxy statement	Mar 27, 2026	Read → SEC ↗
8-K	Current report · Items 1.01,3.02,7.01,9.01	Feb 24, 2026	Read → SEC ↗
8-K	Current report · Items 5.02	Feb 17, 2026	Read → SEC ↗
10-K	Annual report	Feb 04, 2026	Read → SEC ↗
10-K/A	Annual report (amended)	Feb 04, 2026	Read → SEC ↗
8-K	Current report · Items 2.02,7.01,9.01	Feb 03, 2026	Read → SEC ↗
8-K	Current report · Items 5.02,9.01	Jan 20, 2026	Read → SEC ↗
8-K	Current report · Items 5.02,9.01	Dec 15, 2025	Read → SEC ↗
10-Q	Quarterly report	Nov 05, 2025	Read → SEC ↗
8-K	Current report · Items 2.02,7.01,9.01	Nov 04, 2025	Read → SEC ↗
8-K	Current report · Items 2.01,7.01,9.01	Oct 27, 2025	Read → SEC ↗
8-K	Current report · Items 1.01,3.02,7.01,9.01	Oct 06, 2025	Read → SEC ↗
8-K	Current report · Items 5.02	Aug 25, 2025	Read → SEC ↗
10-Q	Quarterly report	Aug 06, 2025	Read → SEC ↗
8-K	Current report · Items 2.02,7.01,9.01	Aug 05, 2025	Read → SEC ↗
8-K	Current report · Items 5.02	Jul 02, 2025	Read → SEC ↗
8-K/A	Current report (amended) · Items 5.07,9.01	Jun 03, 2025	Read → SEC ↗
8-K	Current report · Items 1.01,7.01,9.01	May 19, 2025	Read → SEC ↗
8-K	Current report · Items 5.07,9.01	May 16, 2025	Read → SEC ↗
10-Q	Quarterly report	May 07, 2025	Read → SEC ↗
8-K	Current report · Items 2.02,7.01,9.01	May 06, 2025	Read → SEC ↗
8-K	Current report · Items 8.01	Apr 16, 2025	Read → SEC ↗
8-K	Current report · Items 2.01,2.03,3.02,7.01,9.01	Mar 31, 2025	Read → SEC ↗
DEF 14A	Proxy statement	Mar 28, 2025	Read → SEC ↗
8-K	Current report · Items 1.01,2.03,8.01,9.01	Mar 24, 2025	Read → SEC ↗
424B5	Prospectus	Mar 12, 2025	Read → SEC ↗
8-K	Current report · Items 1.01,9.01	Mar 12, 2025	Read → SEC ↗
424B5	Prospectus	Mar 10, 2025	Read → SEC ↗
8-K	Current report · Items 5.02	Feb 24, 2025	Read → SEC ↗
10-K	Annual report	Feb 05, 2025	Read → SEC ↗
8-K	Current report · Items 2.02,7.01,9.01	Feb 04, 2025	Read → SEC ↗
8-K	Current report · Items 5.02,9.01	Nov 18, 2024	Read → SEC ↗
10-Q	Quarterly report	Oct 30, 2024	Read → SEC ↗
8-K	Current report · Items 2.02,7.01,9.01	Oct 29, 2024	Read → SEC ↗
8-K	Current report · Items 1.01,3.02,7.01,9.01	Aug 19, 2024	Read → SEC ↗
10-Q	Quarterly report	Jul 31, 2024	Read → SEC ↗
8-K	Current report · Items 2.02,7.01,9.01	Jul 30, 2024	Read → SEC ↗
8-K	Current report · Items 5.02,9.01	Jul 22, 2024	Read → SEC ↗
8-K	Current report · Items 5.02	Jul 02, 2024	Read → SEC ↗
8-K	Current report · Items 5.07	May 13, 2024	Read → SEC ↗
10-Q	Quarterly report	May 01, 2024	Read → SEC ↗
8-K	Current report · Items 2.02,7.01,9.01	Apr 30, 2024	Read → SEC ↗
DEF 14A	Proxy statement	Mar 25, 2024	Read → SEC ↗
8-K	Current report · Items 5.02,5.03,9.01	Feb 20, 2024	Read → SEC ↗
10-K	Annual report	Jan 31, 2024	Read → SEC ↗
8-K	Current report · Items 2.02,7.01,9.01	Jan 30, 2024	Read → SEC ↗

165 filings on file — see every 10-K, 10-Q, 8-K and proxy. Unlock with MLQ Pro →

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