AMD is a global semiconductor company whose reported results span data-center products, client processors, gaming, embedded products and corporate investment. Its consolidated net revenue rose from $25.8 billion in fiscal 2024 to $34.6 billion in fiscal 2025, while the mix and presentation of its segments changed during 2025.
Key AMD Statistics
The following figures summarize AMD’s scale, recent growth and financial position:
- $34.6 billion of consolidated net revenue was reported by AMD for fiscal 2025.
- Fiscal 2025 revenue increased 34% from fiscal 2024 for AMD consolidated operations.
- AMD’s fiscal 2024 gross margin was 49%, compared with 46% in fiscal 2023.
- Data Center revenue reached $16.6 billion in fiscal 2025, up 32% from fiscal 2024.
- Fiscal 2024 Data Center revenue was $12.6 billion, up 94% from fiscal 2023.
- Instinct accelerator revenue exceeded $5 billion in 2024 according to AMD’s company statement.
- AMD identified a $500 billion 2028 data-center AI accelerator opportunity as a management estimate.
- Client revenue was $7.1 billion in fiscal 2024, up 52% from fiscal 2023.
- AMD Client processor unit shipments rose 34% in 2024 compared with 2023.
- AMD Client processor average selling price rose 13% in 2024 compared with 2023.
- Gaming revenue was $2.6 billion in fiscal 2024, down 58% from fiscal 2023.
- Combined Client and Gaming revenue was $14.6 billion in fiscal 2025, up 51% from the recast 2024 figure.
- Embedded revenue was $3.5 billion in fiscal 2025, down 3% from fiscal 2024.
- Q4 2024 consolidated revenue was $7.658 billion, up 24% year over year.
- Q1 2025 consolidated revenue was $7.438 billion, up 36% year over year.
- AMD research and development expense was $6.456 billion in fiscal 2024.
- AMD held $10.6 billion in cash, cash equivalents and short-term investments at December 27, 2025.
- AMD’s aggregate principal amount of total debt was $3.3 billion at December 27, 2025.
Contents
- AMD revenue and earnings statistics
- AMD data-center and AI statistics
- AMD client and gaming trends
- AMD embedded and operating-income data
- AMD quarterly financial trends and margins
- AMD investment, cash, debt and cost statistics
AMD Revenue and Earnings Statistics
AMD’s consolidated annual results show higher revenue and a modestly improved GAAP gross margin across the two latest fiscal years. The annual figures below are GAAP results unless stated otherwise.
| Fiscal period | Net revenue | Gross profit | Gross margin |
|---|---|---|---|
| 2024 | $25.8 billion | $12.725 billion | 49% |
| 2025 | $34.6 billion | Not supplied | 50% |
AMD reported $25.8 billion of net revenue in fiscal 2024 and $34.6 billion in fiscal 2025, with the 2025 result up 34% from 2024. The 2024 annual report gives fiscal 2024 gross profit as $12.725 billion, and reports a 49% gross margin versus 46% in 2023. AMD’s 2024 10-K and AMD’s 2025 10-K
For fiscal 2024, AMD reported $1.9 billion of GAAP operating income, $1.6 billion of GAAP net income and $1.00 of diluted earnings per share. The 2025 gross margin was 50%, one percentage point above 2024; AMD attributed the change partly to product mix and inventory-related charges, so the margin comparison should not be read as a pure volume measure. AMD’s 2024 financial results
AMD Data Center and AI Statistics
Data Center was AMD’s strongest large operating segment in the supplied annual comparisons. Its revenue growth reflected both Instinct GPUs and EPYC CPUs, while the company’s AI opportunity figure is an estimate rather than realized revenue.
| Period | Data Center revenue | Year-over-year change | Operating income |
|---|---|---|---|
| 2023 | Not supplied | — | $1.3 billion |
| 2024 | $12.6 billion | 94% | $3.5 billion |
| 2025 | $16.6 billion | 32% | Not supplied |
AMD reported $12.6 billion of Data Center revenue in fiscal 2024, up 94% from 2023, and Data Center operating income of $3.5 billion versus $1.3 billion in 2023. AMD also said Instinct accelerator revenue exceeded $5 billion in 2024; that is a greater-than figure, not a precise reported total. AMD’s 2024 10-K and AMD’s 2024 financial results
Quarterly Data Center revenue was $3.9 billion in Q4 2024, up 69% year over year; $3.7 billion in Q1 2025, up 57%; and $3.2 billion in Q2 2025, up 14%. AMD’s Q2 filing cited China MI308 shipment headwinds, so these quarterly rates reflect the company’s reported periods and conditions rather than a uniform annual run rate. AMD’s Q4 2024 results, AMD’s Q1 2025 report and AMD’s Q2 2025 report
AMD’s fiscal 2025 filing reported Data Center revenue of $16.6 billion, up 32% from 2024. Separately, AMD identified a $500 billion 2028 data-center AI accelerator opportunity when announcing its ZT Systems acquisition; this is management’s opportunity estimate, not observed market revenue or an independent market forecast. AMD’s 2025 10-K
The 2025 filing also reported approximately $440 million of net inventory and related charges tied to U.S. export controls on MI308 GPUs. That amount is a company-reported fiscal 2025 charge and belongs in the interpretation of the year’s gross-margin discussion. AMD’s 2025 10-K
AMD Client and Gaming Trends
Client and Gaming show different recent patterns: client processor activity strengthened in 2024, while gaming revenue contracted before rebounding in the first half of 2025.
AMD Client revenue was $7.1 billion in fiscal 2024, up 52% from 2023. Client processor unit shipments rose 34% and average selling price rose 13% in 2024; AMD notes that the ASP measure is affected by product mix.
Client operating income was $897 million, compared with a $46 million operating loss in 2023. AMD’s 2024 10-K
| Segment and period | Revenue | Year-over-year change | Operating income |
|---|---|---|---|
| Client, fiscal 2024 | $7.1 billion | 52% | $897 million |
| Gaming, fiscal 2024 | $2.6 billion | −58% | $290 million |
| Client, Q1 2025 | $2.3 billion | 68% | Not supplied |
| Gaming, Q1 2025 | $647 million | −30% | Not supplied |
| Client, Q2 2025 | $2.5 billion | 67% | Not supplied |
| Gaming, Q2 2025 | $1.1 billion | 73% | Not supplied |
Gaming revenue was $2.6 billion in fiscal 2024, down 58% from 2023, while Gaming operating income fell to $290 million from $971 million. AMD attributed the revenue decline mainly to lower semi-custom revenue. AMD’s 2024 10-K
In Q1 2025, Client revenue was $2.3 billion, up 68% year over year, and Gaming revenue was $647 million, down 30%. In Q2 2025, Client revenue was $2.5 billion, up 67%, while Gaming revenue was $1.1 billion, up 73%. AMD’s Q1 2025 report and AMD’s Q2 2025 report
AMD combined Client and Gaming beginning in Q1 2025 and retrospectively adjusted prior-period data. On that recast basis, the combined segment generated $14.6 billion in fiscal 2025, up 51% from the recast 2024 figure of $9.6 billion; older four-segment figures should not be mixed casually with the new presentation. AMD’s 2025 10-K
AMD Embedded and Operating-Income Data
Embedded revenue declined during the annual comparison as AMD described customer inventory normalization and mixed end-market demand. The All Other category is a reconciliation category, not a product business, and should be interpreted separately from Embedded.
Embedded revenue was $3.6 billion in fiscal 2024, down 33% from 2023, while Embedded operating income was $1.4 billion versus $2.6 billion. Quarterly Embedded revenue was $823 million in Q1 2025, down 3% year over year, and $824 million in Q2 2025, down 4%. AMD’s 2024 10-K and AMD’s Q1 2025 report
AMD reported fiscal 2025 Embedded revenue of $3.5 billion, down 3% from 2024, with the filing describing end-market demand as mixed. The annual and quarterly figures are company-reported fiscal periods, not estimates of the entire embedded market. AMD’s 2025 10-K and AMD’s Q2 2025 report
AMD’s All Other operating loss was $4.2 billion in 2024 versus $4.4 billion in 2023. The 2024 loss included $2.4 billion of acquisition-related intangible amortization and $1.4 billion of stock-based compensation expense; these are components of the reconciliation category, not direct Embedded costs. AMD’s 2024 10-K
AMD Quarterly Financial Trends and Margins
AMD’s quarterly releases provide a more granular view of revenue, operating income and margin measures. GAAP and non-GAAP figures are both included where AMD explicitly labeled them, and the non-GAAP measures exclude specified items under the company’s reconciliation.
| Fiscal quarter | Revenue | GAAP gross margin | GAAP operating income | GAAP net income |
|---|---|---|---|---|
| Q4 2024 | $7.658 billion | 51% | $871 million | $482 million |
| Q1 2025 | $7.438 billion | Not supplied | $806 million | $709 million |
Q4 2024 revenue rose 24% year over year and 12% sequentially, while GAAP gross profit was $3.882 billion, up 33% year over year. Q4 GAAP gross margin was 51% versus 47% in Q4 2023, and GAAP operating income was up 155% year over year; GAAP net income was down 28% year over year. AMD’s Q4 2024 results
Q4 2024 non-GAAP gross margin was 54%, versus 51% in Q4 2023, and non-GAAP operating income was $2.026 billion, up 43% year over year. These measures are not interchangeable with the GAAP figures in the table. AMD’s Q4 2024 results
Q1 2025 revenue was $7.438 billion, up 36% year over year. GAAP operating income was $806 million versus $36 million in Q1 2024, GAAP net income was $709 million, up 476% from a low prior-year base, and non-GAAP operating margin was 24% versus 21% in Q1 2024. AMD’s Q1 2025 report
Q2 2025 Client and Gaming revenue was $3.6 billion, up 69% year over year, under the combined segment presentation. This quarterly segment figure should be read alongside the filing’s changed segment definitions. AMD’s Q2 2025 report
AMD Investment, Cash, Debt and Cost Statistics
AMD’s cost structure shows substantial investment in product development and selling, general and administrative activity. Its balance sheet also changed between the end of fiscal 2024 and the end of fiscal 2025.
| Measure | Fiscal 2024 or year-end 2024 | Fiscal 2025 or year-end 2025 |
|---|---|---|
| Research and development expense | $6.456 billion | Not supplied |
| Marketing, general and administrative expense | $2.783 billion | Not supplied |
| Cash, cash equivalents and short-term investments | $5.1 billion at Dec. 28, 2024 | $10.6 billion at Dec. 27, 2025 |
| Aggregate principal amount of total debt | $1.8 billion at Dec. 28, 2024 | $3.3 billion at Dec. 27, 2025 |
AMD’s 2024 R&D expense was $6.456 billion, described in the annual report as a 10% increase to approximately $6.5 billion from $5.9 billion in 2023. Marketing, general and administrative expense was $2.783 billion, an 18% increase to approximately $2.8 billion from $2.4 billion. AMD’s 2024 10-K
Acquisition-related intangible amortization was $2.4 billion in 2024, down 15% from 2023, and restructuring charges were $186 million. These are expense measures for AMD consolidated operations and are distinct from the All Other segment reconciliation presentation. AMD’s 2024 10-K
At December 27, 2025, AMD held $10.6 billion in cash, cash equivalents and short-term investments, compared with $5.1 billion at December 28, 2024. The aggregate principal amount of total debt was $3.3 billion at December 27, 2025, compared with $1.8 billion at December 28, 2024; principal amount is not necessarily the same as carrying value. AMD’s 2025 10-K
The annual figures above use fiscal-year periods, while the cash and debt numbers are point-in-time balance-sheet amounts at fiscal year-end. That distinction matters when comparing operating flows such as revenue or R&D expense with financial-position measures such as cash and debt.