AMD — Advanced Micro Devices, Inc.
Quarterly Earnings Performance
Calendar 2025
| Quarter |
Period |
Report Date |
Revenue |
YoY Growth |
EPS (non-GAAP) |
Guidance (next qtr) |
Notes |
| Q1 2025 |
Jan–Mar 2025 |
2025-05-06 |
$7.44B |
+36% |
$0.96 |
$7.4B ± $300M |
Beat rev. est. $7.12B; Data Center +57% |
| Q2 2025 |
Apr–Jun 2025 |
2025-08-05 |
$7.69B |
+32% |
$0.48 |
$8.7B ± $300M |
$800M MI308 export charge; revenue beat, EPS miss |
| Q3 2025 |
Jul–Sep 2025 |
2025-11-04 |
$9.25B |
+36% |
$1.20 |
$9.6B ± $300M |
Beat $8.7B consensus; OpenAI & Oracle GPU deals |
| Q4 2025 |
Oct–Dec 2025 |
2026-02-03 |
$10.27B |
+34% |
$1.53 |
$9.8B ± $300M |
Record quarter; Data Center $5.4B record (+39% YoY) |
| FY 2025 |
Full Year |
— |
$34.64B |
+34% |
$4.17 |
— |
Record revenue & earnings; non-GAAP op. income $7.77B |
Calendar 2026
| Quarter |
Period |
Report Date |
Revenue |
YoY Growth |
EPS (non-GAAP) |
Guidance (next qtr) |
Notes |
| Q1 2026 |
Jan–Mar 2026 |
2026-05-05 |
$10.25B |
+38% |
$1.37 |
$11.2B |
Beat est. $9.89B; Data Center +57% to $5.8B; stock +16% AH |
Upcoming
| Quarter |
Est. Report Date |
Est. Revenue |
Est. EPS |
Source |
| Q2 2026 |
~2026-08-05 |
$11.2B (guidance) |
~$1.60 (est.) |
AMD Q1 2026 guidance; analyst consensus |
| Q3 2026 |
~2026-11-04 |
— |
— |
No guidance issued yet |
Commentary
AMD delivered record revenue of $34.64B in 2025 (+34% YoY), driven by explosive Data Center GPU demand for its Instinct MI-series accelerators and record EPYC server CPU shipments. The primary headwind was a $800M inventory charge in Q2 from U.S. export restrictions on MI308 GPUs bound for China, which compressed Q2 non-GAAP EPS to $0.48 — well below the underlying run rate. Q3 and Q4 rebounded sharply as AMD secured landmark AI infrastructure deals with OpenAI and Oracle. Momentum has continued into 2026, with Q1 2026 revenue hitting $10.25B (+38% YoY) and Q2 guidance raised to $11.2B, well above analyst consensus of $10.52B.
Sources
AMD Q1 2025 Earnings Press Release – ir.amd.com
AMD Q2 2025 Earnings Press Release – ir.amd.com
AMD Q3 2025 Earnings Press Release – ir.amd.com
AMD Q4 2025 & Full Year Earnings Press Release – ir.amd.com
AMD Q1 2026 Earnings Press Release – ir.amd.com
AMD Q2 2025 CNBC Report – cnbc.com
AMD Q3 2025 CNBC Report – cnbc.com
AMD Q1 2026 CNBC Report – cnbc.com
Generated: 2026-05-11