AMDAdvanced Micro Devices
The statements in this report include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 10-K, Item 1
- Employees
- 31,000
- Headquarters
- Santa Clara, CA
- CEO
- Lisa T. Su
- Next results
- around Feb 2, 2027
The biggest changes in the 10-K filed 2026-02-04, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Net income
+164.2% Big change FY to 2025-12-27 vs 2024-12-28“Other income (expense), net of $577 million in 2025 increased by $396 million compared to $181 million in 2024, primarily due to higher unrealized gains from long-term investments compared to the prior year.”
Read it in the 10-K ↗
Cash from operations
+153.5% Big change FY to 2025-12-27 vs 2024-12-28The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Revenue
+34.3% Big change FY to 2025-12-27 vs 2024-12-28“Client and Gaming segment net revenue of $14.6 billion in 2025 increased by 51% compared to $9.6 billion in 2024, primarily driven by strong demand for our AMD Ryzen™ processors, semi-custom game consoles SoCs and Radeon™ gaming GPUs.”
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“Client net revenue of $10.6 billion in 2025 increased by 51%, compared to net revenue of $7.1 billion in 2024, primarily driven by a 31% increase in unit shipments of processors and a 15% increase in average selling price of processors, reflecting strong demand for AMD desktop and mobile Ryzen processors.”
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Operating margin
7.4% → 10.7% (+3.3 pts) Big change FY to 2025-12-27 vs 2024-12-28“The increase in operating income was primarily due to higher revenue, partially offset by higher cost of sales, approximately $440 million of net inventory and related charges associated with the U.S. government export control on AMD Instinct™ MI308 Data Center GPU products and higher operating expenses.”
Read it in the 10-K ↗
“The increase in operating income was primarily driven by higher revenue, partially offset by higher cost of sales and operating expenses.”
Read it in the 10-K ↗
Gross margin
49.4% → 49.5% (+0.2 pts) FY to 2025-12-27 vs 2024-12-28The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
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