Advanced Micro Devices, Inc. (NASDAQ: AMD) reported a historic fourth quarter Tuesday. Revenue hit a record $10.3 billion, surging 34% from the prior year as artificial intelligence demand accelerated during the final months of 2025.
“2025 was a defining year for AMD, with record revenue and earnings driven by strong execution and broad-based demand for our high-performance and AI platforms,” said Dr. Lisa Su, AMD chair and CEO.
AI chips fueled growth. The Data Center segment posted record quarterly revenue of $5.4 billion, representing a 39% jump over 2024 levels. Sales of Instinct GPUs and EPYC processors led the charge into the new fiscal year.
Full-year results were equally robust. Annual revenue reached a record $34.6 billion. Non-GAAP diluted earnings per share hit $4.17 for 2025, marking a significant milestone for the Santa Clara-based chipmaker as it scaled its adaptive computing portfolio.
Geopolitics impacted the balance sheet. AMD navigated U.S. export controls on Instinct MI308 products, resulting in $440 million in full-year net inventory charges. Fourth-quarter revenue from China for the MI308 totaled approximately $390 million despite these regulatory hurdles.
“Our record fourth quarter and full-year results demonstrate AMD’s ability to deliver profitable growth at scale,” said Jean Hu, AMD executive vice president, CFO and treasurer. She noted the company achieved record free cash flow while increasing strategic investments.
Gaming demand remained high. The Client and Gaming division brought in $3.9 billion during the fourth quarter, a 37% year-over-year increase. Ryzen processors and Radeon GPUs drove record-setting figures across the company’s consumer-facing hardware segments.
Momentum faces seasonal cooling. For the first quarter of 2026, the company expects revenue of approximately $9.8 billion. This midpoint implies a 5% sequential decline but maintains a 32% growth trend over the same period last year.
More Read
AMD also highlighted its future roadmap. At CES 2026, the company unveiled the Instinct MI440X GPU for enterprise AI and the Helios rack-scale platform. These products are intended to anchor the company’s infrastructure strategy through 2030.
The following tables highlight Advanced Micro Devices, Inc. (NASDAQ: AMD) and its sequential performance boost. These figures compare the record-breaking fourth quarter against the results from the third quarter of 2025.
| Metric (GAAP) | Q4 2025 | Q3 2025 | Change (Q/Q) |
|---|---|---|---|
| Revenue ($M) | $10,270 | $9,246 | +11% |
| Gross Margin | 54% | 52% | +2 ppts |
| Operating Income ($M) | $1,752 | $1,270 | +38% |
| Net Income ($M) | $1,511 | $1,243 | +22% |
| Diluted EPS | $0.92 | $0.75 | +23% |
| Metric (Non-GAAP) | Q4 2025 | Q3 2025 | Change (Q/Q) |
|---|---|---|---|
| Revenue ($M) | $10,270 | $9,246 | +11% |
| Gross Margin | 57% | 54% | +3 ppts |
| Operating Income ($M) | $2,854 | $2,238 | +28% |
| Net Income ($M) | $2,519 | $1,965 | +28% |
| Diluted EPS | $1.53 | $1.20 | +28% |
Chief Executive Lisa Su confirmed the business is entering 2026 with “strong momentum.” Data center scaling remains the primary driver. The yotta-scale infrastructure blueprint, AMD Helios, serves as the next major catalyst for long-term growth across the Instinct franchise.
