AMD
Advanced Micro Devices, Inc.209.17
+1.59+0.77%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Confirms H2 MI450 data center inflection
Q&A added color to AMD's prepared data center momentum, confirming Q1 CPU and GPU growth despite seasonal client and gaming dips, with MI450/Helios as a pivotal H2 ramp alongside Venice CPUs enabling >60% segment growth in 2026. China MI308 limited to $100M in Q1, dynamically excluded beyond due to licensing uncertainty—no walk-back, just prudence. Server CPU supply expansions match agentic AI demand, outpacing ARM concerns; PC TAM softens on memory inflation, but enterprise share gains targeted. Gross margins lift on mix; OpEx leverage kicks in. Racks on track. Supply meets surging demand. Watch H2 execution.
Key Stats
Market Cap
340.54BP/E (TTM)
110.09Basic EPS (TTM)
1.90Dividend Yield
0%Recent Filings
8-K
AMD grants Meta 160M-share warrant
AMD issued Meta a performance-based warrant for up to 160 million shares at $0.01 each on February 23, 2026, tied to Meta's binding commitment for 1 gigawatt initial—and up to 6 gigawatts total—of AMD Instinct GPUs. First tranche vests on 1GW shipment in 2H 2026; full vesting requires 6GW purchases plus AMD stock hitting $600/share, with Meta meeting technical conditions. Deal locks in multi-year AI revenue. Dilution hinges on milestones.
8-K
AMD grants Su $75M PRSU award
AMD's board approved Fiscal 2025 EIP cash bonuses totaling over $7.5M for top executives, including $3.1M for CEO Lisa Su, payable in March 2026. They also greenlit a special $75M PRSU award for Su, tying 0-200% payout to stock price hurdles from 10% to $600 CAGR over five years through 2031. Retention hinges on her CEO tenure. Vesting stretches to five years.
10-K
FY2025 results
AMD crushed FY2025 with net revenue rocketing 34% to $34.6B, fueled by Data Center's 32% surge to $16.6B on EPYC CPUs and Instinct MI350 GPUs, while Client & Gaming doubled to $14.6B via Ryzen processors and Radeon GPUs; Embedded dipped 3% to $3.5B amid mixed demand. Q4 shipped MI308 GPUs post-licensing, reversing $360M charges after $800M Q2 hit from U.S. export curbs to China—net $440M drag on 50% gross margins, up 1 point on mix. Cash ballooned to $10.6B; $1.3B buybacks left $9.4B authorized. ZT Systems deal added design muscle before Sanmina flip. U.S. export controls risk crimping China GPU sales.
8-K
Record Q4 revenue $10.3B
8-K
AMD appoints KC McClure to board
AMD expanded its board from eight to nine directors on January 16, 2026, appointing KC McClure, ex-CFO of Accenture, to the Audit and Finance Committee. She received 1,278 restricted stock units vesting in one year. Her finance expertise bolsters AMD's push in high-performance and AI computing. Independent director status confirmed.
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