Operating Margin snapshot
Advanced Micro Devices's operating margin was 10.7% in FY2025, compared with 7.4% in FY2024. On a trailing-twelve-month basis it was 11.7% as of Q1 FY26. Operating margin is operating income divided by revenue — the share of sales remaining after both cost of revenue and operating expenses (R&D, SG&A). It measures core operating profitability before interest and taxes.
Operating Margin (latest FY)
10.7%
Operating Margin (TTM)
11.7%
Gross margin (latest FY)
49.5%
Net margin (latest FY)
12.5%
Advanced Micro Devices Operating Margin
Operating income ÷ revenue
Operating Margin vs. related metrics
Advanced Micro Devices Operating Margin — by fiscal year
| Fiscal year | Operating margin | Gross margin | Net margin |
|---|---|---|---|
| FY2025 | 10.7% | 49.5% | 12.5% |
| FY2024 | 7.4% | 49.4% | 6.4% |
| FY2023 | 1.8% | 46.1% | 3.8% |
| FY2022 | 5.4% | 44.9% | 5.6% |
| FY2021 | 22.2% | 48.2% | 19.2% |
| FY2020 | 14.0% | 44.5% | 25.5% |
| FY2019 | 9.4% | 42.6% | 5.1% |
| FY2018 | 7.0% | 37.8% | 5.2% |
| FY2017 | 2.4% | 34.0% | -0.6% |
| FY2016 | -8.6% | 23.2% | -11.5% |
| FY2015 | -12.1% | 27.1% | -16.5% |
| FY2014 | -2.8% | 33.4% | -7.3% |
| FY2013 | 1.9% | 37.3% | -1.6% |
| FY2012 | -19.5% | 22.8% | -21.8% |
| FY2011 | 5.6% | 44.8% | 7.5% |
| FY2010 | 13.1% | 45.6% | 7.3% |
| FY2009 | — | — | — |
| FY2008 | — | — | — |
| FY2007 | — | — | — |
By quarter (trailing-twelve-month basis)
| Quarter | Operating margin | Gross margin | Net margin |
|---|---|---|---|
| Q1 FY26 | 11.7% | 50.3% | 13.4% |
| Q4 FY25 | 10.7% | 49.5% | 12.5% |
| Q3 FY25 | 8.8% | 48.3% | 10.3% |
| Q2 FY25 | 7.7% | 47.6% | 9.6% |
| Q1 FY25 | 9.6% | 50.1% | 8.0% |
| Q4 FY24 | 7.4% | 49.4% | 6.4% |
| Q3 FY24 | 5.6% | 48.4% | 7.5% |
| Q2 FY24 | 3.7% | 47.6% | 5.8% |
| Q1 FY24 | 2.6% | 46.8% | 4.9% |
| Q4 FY23 | 1.8% | 46.1% | 3.8% |
| Q3 FY23 | -0.4% | 45.0% | 0.9% |
| Q2 FY23 | -1.7% | 43.7% | -0.1% |
Figures normalized from SEC filings. See the full Advanced Micro Devices ratios & metrics.