AMD Reports Record Full Year 2025 Revenue of 34.6 Billion Dollars
AMD has released its financial results for the fourth quarter and full year ending December 2025. The company achieved record annual revenue of 34.6 billion dollars which represents a 34 percent increase over the previous year. The Data Center segment experienced rapid expansion while AI optimized platforms received strong demand which drove this growth.
AMD achieved its highest quarterly revenue during the fourth quarter of 2025 which totaled 10.3 billion dollars. Key financial metrics for the quarter and year include
- The quarter saw revenue of 10.3 billion dollars which represents a 34 percent increase over the previous year.
- The company generated 34.6 billion dollars in revenue for the year which represents a 34 percent increase over the previous year.
- The company reported net income of 4.3 billion dollars under GAAP and 6.8 billion dollars under Non GAAP.
- The company reported diluted earnings per share of 2.65 dollars under GAAP and 4.17 dollars under Non GAAP.
- The results include a $440 million net inventory charge for the full year related to U.S. government export controls on the AMD Instinct MI308 GPU.
- The market conditions and shipping channels required a 360 million dollar release of previously reserved inventory during the quarter.
The segment performance analysis shows an ongoing shift toward an AI focused business model. The Data Center and Client segments were the primary growth engines for the year.
Data Center revenue achieved a record high of 5.4 billion dollars during Q4 which represents a 39 percent increase over the same period last year. The segment generated 16.6 billion dollars in revenue for the entire year. The scaling of AMD Instinct GPU shipments combined with 5th Gen AMD EPYC CPU adoption drove this growth. The competitive landscape for AI infrastructure has changed because large scale mixture of experts models now train completely on AMD hardware.
The Client and Gaming segments reported record annual revenue of 14.6 billion dollars which represents a 51 percent increase.
The PC market saw Client revenue reach 10.6 billion dollars thanks to increased Ryzen processor demand and market share gains. The company generated 3.9 billion dollars in revenue from its gaming segment. The Q4 revenue increased by 50 percent year over year to reach 843 million dollars while full year growth came from Radeon GPU demand and semi custom sales.
The embedded segment generated 3.5 billion dollars in revenue for the year which marks a 3 percent decline. Customers completed inventory adjustments during early 2025 but the fourth quarter showed recovery with a 3 percent year over year increase.
Dr. Lisa Su who serves as AMD's CEO stated that 2025 represented a defining year for the company which enables AMD to enter 2026 with ongoing progress across its high performance computing and AI sectors. AMD introduced its Helios rack scale platform and Instinct MI440X GPU at CES 2026 as enterprise AI infrastructure solutions.
AMD expects the following outcomes for its first quarter in 2026
- AMD expects to generate approximately 9.8 billion dollars in revenue which has a variation range of 300 million dollars.
- AMD anticipates 32 percent revenue growth for the upcoming year despite a standard 5 percent decline which occurs between consecutive seasonal periods.
- Non GAAP margin is expected to maintain its current level of approximately 55 percent.
AMD has successfully navigated a complex regulatory environment while scaling its Data Center revenue to nearly half of its total annual intake. The company protects itself from market fluctuations by expanding its AI portfolio through Instinct GPUs which serve data centers and Ryzen AI which serves consumer PCs. The pivot towards yotta scale infrastructure with the Helios platform indicates that AMD has evolved from being a chip provider to becoming an AI solutions partner that delivers complete systems. The current guidance shows that AMD has built its growth trajectory based on U.S. export controls but investors must continue to monitor how these controls will impact business operations.
