Advanced Micro Devices, Inc.
264.33+6.32 (+2.45%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · AMD · USD
Key Stats
Market Cap
428.97BP/E (TTM)
157.34Basic EPS (TTM)
1.68Dividend Yield
0%Recent Filings
8-K
8-K
AMD-OpenAI GPU supply pact
AMD inked a multi-year deal with OpenAI on October 5, 2025, committing to supply up to 6 gigawatts of Instinct GPUs, starting with 1 gigawatt of MI450 series in the second half of 2026. To align interests, AMD issued OpenAI a warrant for 160 million shares at $0.01 each, vesting in tranches upon hitting purchase milestones and stock price targets up to $600. This partnership promises tens of billions in revenue for AMD, highly accretive to non-GAAP EPS. Yet vesting hinges on technical and commercial hurdles.
8-K
AMD accounting officer resigns
AMD's Chief Accounting Officer Philip Carter resigned on August 22, 2025, effective September 5, to become CFO elsewhere, with no disputes over accounting or reporting. CFO Jean Hu steps in as interim, overseeing the role during the successor search. Smooth transition. This shift adds temporary load to Hu but signals stable finances.
10-Q
Q2 FY2025 results
AMD's Q2 revenue surged 32% year-over-year to $7.7 billion, fueled by 69% growth in Client and Gaming from strong Ryzen processor demand and 14% in Data Center via EPYC CPUs, though Embedded dipped 4% on mixed markets. Gross margin slipped to 40% from 49% due to $800 million in inventory charges tied to U.S. export controls on MI308 GPUs, flipping operating income to a $134 million loss versus $269 million profit last year; net income jumped to $872 million on an $853 million tax benefit from released uncertain positions, with diluted EPS at $0.54 (derived from 1,630 million shares). YTD revenue climbed 34% to $15.1 billion, operating income rose to $672 million, and free cash flow hit $2.5 billion from $2.9 billion operations minus $494 million capex. The $4.4 billion ZT Systems acquisition closed in March for $3.2 billion cash and stock plus $361 million contingent, adding $208 million goodwill to Data Center while its manufacturing arm heads to Sanmina for $3 billion expected late 2025; cash swelled to $5.9 billion against $3.2 billion debt. Yet export curbs on China sales pose ongoing hurdles.
8-K
AMD Q2 revenue surges 32%
AMD reported record Q2 2025 revenue of $7.7 billion, up 32% year-over-year, fueled by surging EPYC server and Ryzen PC processor sales despite $800 million in charges from U.S. export controls on Instinct MI308 GPUs to China. Client and gaming revenue soared 69% to $3.6 billion, while data center hit $3.2 billion amid AI demand; non-GAAP gross margin dipped to 43% but would reach 54% excluding charges. The company eyes Q3 revenue around $8.7 billion, driven by MI350 accelerators and EPYC gains. Export restrictions pose ongoing shipment risks.
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