Advanced Micro Devices, Inc. (AMD) Income Statement
AMD 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAMD revenue and net income
Where AMD's revenue goes
2025Each bar shows an amount and its share of revenue. AMD kept 12.5% of revenue as net income.
AMD profit margins
AMD growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +34.3% | +13.6% | +28.8% | +24.1% |
| Gross profit | +34.8% | +17.4% | +31.6% | +31.9% |
| Operating income | +94.4% | +43.0% | +22.9% | — |
| Net income | +164.2% | +48.6% | +11.7% | — |
| EPS (diluted) | +25.6% | +5.6% | +26.4% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AMD quarterly EPS vs estimates
AMD beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 3, 2026 (estimate $1.66).
AMD income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.64B | $25.79B | $22.68B | $23.60B | $16.43B | $9.76B | $6.73B | $6.47B | $5.33B | $4.27B |
| Cost of revenue | $17.49B | $13.06B | $12.22B | $13.00B | $8.51B | $5.42B | $3.86B | $4.03B | $3.51B | $3.27B |
| Gross profit | $17.15B | $12.72B | $10.46B | $10.60B | $7.93B | $4.35B | $2.87B | $2.45B | $1.82B | $998.0M |
| Research & development | $8.09B | $6.46B | $5.87B | $5.00B | $2.85B | $1.98B | $1.55B | $1.43B | $1.16B | $1.01B |
| Sales, general & admin | $4.14B | $2.78B | $2.30B | $3.02B | $1.45B | $995.0M | $750.0M | $562.0M | $516.0M | $460.0M |
| Total operating expenses | $13.46B | $10.82B | $8.22B | $9.34B | $4.28B | $2.98B | $2.24B | $2.00B | $1.62B | $1.38B |
| Operating income | $3.69B | $1.90B | $401.0M | $1.26B | $3.64B | $1.31B | $631.0M | $451.0M | $204.0M | −$372.0M |
| Interest income | $131.0M | $182.0M | $206.0M | $85.0M | $30.0M | $39.0M | $15.0M | $18.0M | $6.0M | $2.0M |
| Interest expense | $131.0M | $92.0M | $106.0M | $34.0M | $47.0M | $94.0M | $94.0M | $121.0M | $126.0M | $156.0M |
| Income before taxes | $4.17B | $2.02B | $492.0M | $1.18B | $3.67B | $1.27B | $372.0M | $330.0M | $69.0M | −$448.0M |
| Income taxes | −$103.0M | $381.0M | −$362.0M | $513.0M | −$1.21B | $31.0M | $31.0M | −$9.0M | $19.0M | $39.0M |
| Net income | $4.33B | $1.64B | $854.0M | $1.32B | $3.16B | $2.49B | $341.0M | $337.0M | $43.0M | −$487.0M |
| EBITDA | $7.28B | $5.26B | $401.0M | $1.32B | $4.00B | $1.57B | $889.0M | $621.0M | $348.0M | −$237.0M |
| EPS (diluted) | $4.17 | $3.32 | $2.65 | $3.54 | $2.80 | $1.29 | $0.64 | $0.46 | $0.16 | −$0.15 |
| Gross margin | 49.5% | 49.4% | 46.1% | 44.9% | 48.2% | 44.5% | 42.6% | 37.8% | 34.2% | 23.4% |
| Operating margin | 10.7% | 7.4% | 1.8% | 5.4% | 22.2% | 13.5% | 9.4% | 7.0% | 3.8% | −8.7% |
| Net margin | 12.5% | 6.4% | 3.8% | 5.6% | 19.2% | 25.5% | 5.1% | 5.2% | 0.8% | −11.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.54B | $10.25B | $10.27B | $9.25B | $7.68B | $7.44B | $7.66B | $6.82B | $5.83B | $5.47B | $6.17B | $5.80B |
| Cost of revenue | $5.33B | $4.84B | $4.69B | $4.47B | $4.63B | $3.70B | $3.78B | $3.40B | $2.97B | $2.91B | $3.26B | $3.05B |
| Gross profit | $6.20B | $5.42B | $5.58B | $4.78B | $3.06B | $3.74B | $3.88B | $3.42B | $2.86B | $2.56B | $2.91B | $2.75B |
| Research & development | $2.53B | $2.40B | $2.33B | $2.14B | $1.89B | $1.73B | $1.71B | $1.64B | $1.58B | $1.52B | $1.51B | $1.51B |
| Sales, general & admin | $1.40B | $1.25B | $1.20B | $1.07B | $991.0M | $886.0M | $408.0M | $721.0M | $650.0M | $620.0M | $746.0M | $576.0M |
| Total operating expenses | $4.21B | $3.94B | $3.83B | $3.51B | $3.19B | $2.93B | $3.01B | $2.69B | $2.60B | $2.52B | $2.57B | $2.52B |
| Operating income | $1.99B | $1.48B | $1.75B | $1.27B | −$134.0M | $806.0M | $871.0M | $724.0M | $269.0M | $36.0M | $342.0M | $224.0M |
| Interest income | — | — | $36.0M | $37.0M | $38.0M | $20.0M | $19.0M | $23.0M | — | — | — | $26.0M |
| Interest expense | $37.0M | $37.0M | $36.0M | $37.0M | $38.0M | $20.0M | $19.0M | $23.0M | $25.0M | $25.0M | $27.0M | $26.0M |
| Income before taxes | $2.55B | $1.61B | $2.08B | $1.32B | −$66.0M | $832.0M | $901.0M | $744.0M | $306.0M | $71.0M | $370.0M | $257.0M |
| Income taxes | $246.0M | $238.0M | $455.0M | $153.0M | −$834.0M | $123.0M | $419.0M | −$27.0M | $41.0M | −$52.0M | −$297.0M | −$39.0M |
| Net income | $2.30B | $1.38B | $1.51B | $1.24B | $872.0M | $709.0M | $482.0M | $771.0M | $265.0M | $123.0M | $667.0M | $299.0M |
| EBITDA | $3.35B | $2.40B | $2.86B | $2.11B | $721.0M | $1.59B | $1.69B | $1.52B | $1.09B | $873.0M | $1.22B | $1.07B |
| EPS (diluted) | $1.66 | $1.37 | $1.53 | $1.20 | $0.48 | $0.96 | $1.09 | $0.92 | $0.69 | $0.62 | $0.77 | $0.70 |
| Gross margin | 53.8% | 52.8% | 54.3% | 51.7% | 39.8% | 50.2% | 50.7% | 50.1% | 49.1% | 46.8% | 47.2% | 47.4% |
| Operating margin | 17.3% | 14.4% | 17.1% | 13.7% | −1.7% | 10.8% | 11.4% | 10.6% | 4.6% | 0.7% | 5.5% | 3.9% |
| Net margin | 19.9% | 13.5% | 14.7% | 13.4% | 11.3% | 9.5% | 6.3% | 11.3% | 4.5% | 2.2% | 10.8% | 5.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AMD's financial statements (latest annual report filed February 4, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AMD financial results
In fiscal year 2025 (ended December 31, 2025), AMD reported revenue of $34.6 billion, up 34.3% from the year before. It had net income of $4.3 billion (up 164.2%), a net profit margin of 12.5%. Diluted earnings per share came to $4.17. Over five years revenue grew at an average rate of 28.8% a year.
See the AMD stock overview for the latest quote and news, or the AMD chart for price history and technical indicators.
AMD income statement FAQ
What is AMD's annual revenue?
AMD reported total revenue of $34.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 34.3% from $25.8 billion the previous year.
Is AMD profitable?
Yes. AMD reported net income of $4.3 billion in fiscal 2025, a net profit margin of 12.5%; its operating margin was 10.7%.
What is AMD's gross margin?
AMD's gross margin was 49.5% in fiscal 2025: for every $100 of revenue, AMD kept $50 after the direct cost of its products and services.
How much does AMD spend on research and development?
AMD spent $8.1 billion on research and development in fiscal 2025, 23.4% of revenue.
How fast is AMD growing?
Revenue grew 28.8% a year on average over the last five fiscal years, from $9.8 billion to $34.6 billion.
What are AMD's earnings per share?
AMD earned $4.17 per diluted share in fiscal 2025, compared with $3.32 a year earlier.
When will AMD report its next earnings?
AMD is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does AMD's fiscal year end?
AMD's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 4, 2026.