Sign in

    ADVANCED MICRO DEVICES (AMD)

    Advanced Micro Devices, Inc. (AMD) is a global semiconductor company specializing in the development and sale of microprocessors, graphics processing units, and other semiconductor products. AMD operates through four primary segments: Data Center, Client, Gaming, and Embedded, each contributing significantly to its overall revenue. The company also engages in the sale or licensing of its intellectual property portfolio .

    1. Data Center - Develops and sells server microprocessors (CPUs), graphics processing units (GPUs), accelerated processing units (APUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs), Smart Network Interface Cards (SmartNICs), AI accelerators, and Adaptive System-on-Chip (SoC) products.
    2. Gaming - Offers discrete GPUs and semi-custom SoC products tailored for gaming applications.
    3. Embedded - Provides embedded CPUs, GPUs, APUs, FPGAs, and Adaptive SoC products, with growth driven by the acquisition of Xilinx.
    4. Client - Focuses on CPUs, APUs, and chipsets designed for personal computers.

    You might also like

    NamePositionExternal RolesShort Bio

    Lisa T. Su

    ExecutiveBoard

    Chair, President, and CEO

    Board Member at Cisco Systems; Member of PCAST; Board Member at Semiconductor Industry Association

    Lisa T. Su has been AMD's President and CEO since October 2014 and Chair of the Board since February 2022. She is recognized for her leadership in the semiconductor industry.

    View Report →

    Ava M. Hahn

    Executive

    SVP, General Counsel, and Corporate Secretary

    None

    Ava Hahn joined AMD in 2024 and oversees global legal affairs. She has extensive legal leadership experience in the technology sector.

    View Report →

    Darren Grasby

    Executive

    EVP, Strategic Partnerships, and President EMEA

    None

    Darren Grasby has been with AMD since 2007 and has held various leadership roles, contributing to AMD's global sales and marketing success.

    View Report →

    Forrest Norrod

    Executive

    EVP and GM of Data Center Solutions Business Group

    None

    Forrest Norrod joined AMD in 2014 and has been instrumental in building AMD's data center technology portfolio, including the EPYC CPU line.

    View Report →

    Jack Huynh

    Executive

    SVP and GM of Computing and Graphics Business Group

    None

    Jack Huynh has been with AMD since 1998 and has held various leadership roles, contributing to AMD's product portfolio transformation.

    Jean Hu

    Executive

    EVP, CFO, and Treasurer

    Board Member at Fortinet, Inc.

    Jean Hu joined AMD in January 2023 and leads global finance, investor relations, and corporate services. She has over 20 years of financial leadership experience.

    Philip Guido

    Executive

    EVP and Chief Commercial Officer

    Senior Advisor at Brighton Park Capital; Member of David Rockefeller Fellows Program

    Philip Guido joined AMD in 2023 and oversees AMD's commercial business. He previously held leadership roles at IBM.

    Philip M. Carter

    Executive

    Corporate VP and Chief Accounting Officer

    None

    Philip Carter joined AMD in November 2024 and oversees accounting functions. Previously, he was CAO at Skyworks Solutions.

    Salil Raje

    Executive

    SVP and GM of Adaptive and Embedded Computing Group

    None

    Salil Raje leads AMD's embedded business and has been instrumental in its adaptive computing strategy.

    Vamsi Boppana

    Executive

    SVP of Artificial Intelligence Group

    None

    Vamsi Boppana joined AMD in 2008 and leads AMD's AI strategy, including hardware and software development.

    Abhi Y. Talwalkar

    Board

    Director

    Chair of Lam Research and iRhythm Technologies; Board Member at TE Connectivity

    Abhi Talwalkar has been a director since 2017 and has extensive experience in the semiconductor and technology industries.

    Beth W. Vanderslice

    Board

    Director

    Partner at Trewstar Corporate Board Services; Board Member at AESC Group Ltd. and Univers Holdings

    Beth Vanderslice has been a director since 2022 and has over 25 years of board and general management experience.

    Joe A. Householder

    Board

    Director

    Chair of Audit Committee at REV Renewables LLC

    Joe Householder has been a director since 2014 and brings financial and operational expertise from his leadership roles at Sempra Energy.

    John W. Marren

    Board

    Director

    Senior Managing Director at Temasek; Director at Impossible Foods; Trustee at UCSB; Board Member at US Olympic and Paralympic Foundation

    John Marren has been a director since 2017 and has extensive experience in financial management and technology investments.

    Jon A. Olson

    Board

    Director

    Board Member at Kulicke & Soffa and Rocket Lab USA

    Jon Olson has been a director since 2022 and brings over 30 years of financial leadership experience in the semiconductor industry.

    Mark Durcan

    Board

    Director

    Board Member at Cencora, ASML Holding NV, Natural Intelligence Systems, St. Luke’s Medical System, and Rice University

    Mark Durcan has been a director since 2017 and brings over 32 years of semiconductor industry experience.

    Mike P. Gregoire

    Board

    Director

    Chairman of Smartsheet Inc.; Founding Partner at Brighton Park Capital; TechNet Executive Council

    Mike Gregoire has been a director since 2019 and has extensive experience in executive leadership and technology strategy.

    Nora M. Denzel

    Board

    Lead Independent Director

    Board Member at Gen Digital Inc.; NACD Board Member

    Nora Denzel has been a director since 2014 and Lead Independent Director since 2022. She has extensive experience in technology and corporate governance.

    1. The Embedded segment revenue decreased 25% year-over-year to $927 million, with ongoing softness in the industrial market ; what specific strategies are you implementing to return the Embedded segment to growth, and when do you anticipate a meaningful recovery?

    2. While your Data Center GPU business is approaching the scale of your CPU business and delivered better-than-expected results , how are you addressing potential supply chain constraints to meet the robust demand, and what risks do you foresee in sustaining this growth into 2025 ?

    3. Given that you're seeing lumpiness in the Data Center GPU business due to dependency on a specific number of large customers , how does this affect your revenue predictability, and what measures are you taking to diversify your customer base to mitigate this volatility?

    4. With the AI accelerator TAM expected to grow at more than 60% annually to $500 billion in 2028 , how does AMD plan to capture a significant share in this rapidly expanding market, and what competitive advantages differentiate your AI solutions from those of established competitors?

    5. Despite strong top and bottom-line growth driven by record Instinct and EPYC product sales , the Gaming and Embedded segments experienced declines ; how do you plan to address the weaknesses in these segments to ensure balanced and sustainable growth across your entire portfolio?

    Program DetailsProgram 1
    Approval DateN/A
    End Date/DurationNo termination date
    Total additional amount$12 billion
    Remaining authorization amount$4.9 billion
    DetailsThe program may be suspended or discontinued at any time.
    YearAmount Due (in millions)Debt TypeInterest Rate (%)% of Total Debt
    2030$750 2.375% Senior Notes2.375 42.9% = (750 / 1750) * 100
    2032$500 3.924% Senior Notes3.924 28.6% = (500 / 1750) * 100
    2052$500 4.393% Senior Notes4.393 28.6% = (500 / 1750) * 100

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    Competes in the Data Center segment with CPU, GPU, DPU server products, and FPGA and Adaptive SoC server products. Also competes in the Client segment with CPUs and APUs, and in the Gaming segment with integrated graphics processors and gaming-focused discrete GPUs. Additionally, it is a primary competitor in the Embedded segment for FPGA and embedded CPU products.

    Competes in the Data Center segment with GPUs and other accelerators for AI workloads. It is also a principal competitor in the Gaming segment for discrete graphics and in the Embedded segment for discrete general-purpose GPUs targeting data center and automotive applications.

    Competes in the Embedded segment as a primary FPGA competitor.

    Microsemi Corporation

    Competes in the Embedded segment as a primary FPGA competitor.

    Competes in the Embedded segment as an ASSP vendor.

    Competes in the Embedded segment as an ASSP vendor.

    Competes in the Embedded segment as an ASSP vendor.

    Competes in the Embedded segment as an ASSP vendor.

    Competes in the Embedded segment as an ASSP vendor.

    Competes in the Embedded segment as an ASSP vendor.

    NameStart DateEnd DateReason for Change
    Ernst & Young LLP1970 PresentCurrent auditor

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    ZT Systems

    2025

    Planned acquisition valued at approx. $4.9 billion (comprising $3.4 billion in cash, shares, and up to $300 million in contingent consideration) aimed at accelerating AMD's AI training and inferencing capabilities on AMD Instinct platforms; the deal includes plans to divest ZT Systems’ manufacturing business once regulatory approvals are met.

    Silo AI

    2024

    Completed acquisition on August 9, 2024 in an all-cash transaction valued at $665 million (net purchase consideration of $553 million) that brings Europe’s largest private AI lab into AMD’s ecosystem to boost the development and deployment of AI models on AMD hardware.

    Pensando Systems, Inc.

    2022

    Completed on May 26, 2022, this acquisition was valued at approximately $1.9 billion (with a recorded purchase consideration of $1.7 billion) and strategically adds a leading distributed computing platform to AMD’s portfolio, strengthening its offerings for cloud, enterprise, and edge customers.

    Xilinx, Inc.

    2022

    Completed on February 14, 2022, this all-stock deal valued at $48.8 billion (including the issuance of AMD common stock and resulting in $22.794 billion in goodwill) expanded AMD’s product range into FPGAs and adaptive compute solutions, reinforcing its position in high-performance and adaptive computing markets.

    Recent press releases and 8-K filings for AMD.

    AMD outlines AI growth and roadmap at Citi’s 2025 Global TMT Conference
    ·$AMD
    Guidance Update
    Product Launch
    Revenue Acceleration/Inflection
    • AMD reported Q2 revenue of $7.7 billion, up 32% YoY, and guided Q3 revenue of $8.7 billion (+28% YoY).
    • Data center GPU revenue reached $3.2 billion in Q2 (+14% YoY), with Q3 expected to rise double-digit sequentially driven by the MI350 ramp.
    • AMD highlighted continued AI momentum with planned launches of MI400 next year and MI500 in 2027, while opting to guide quarterly due to market dynamics.
    • The company emphasized a secured supply chain, holding prioritized wafer capacity at TSMC and tight HBM allocations to support rack-scale AI deployments.
    • AMD projects its AI total addressable market to exceed $500 billion by 2028, and sees programmable GPUs capturing the majority share vs. ASICs.
    1 day ago
    Advanced Micro Devices in Big Data and AI Market Report 2025
    ·$AMD
    M&A
    • The global big data and artificial intelligence market grew from $385.89 billion in 2024 to $456.35 billion in 2025 at a 18.3% CAGR, and is projected to reach $884.42 billion by 2029 at an 18% CAGR.
    • Key growth drivers include rising data generation from IoT devices, social media, digital transactions, and increasing demand for automation and ethical AI.
    • Major trends over the forecast period are the expansion of edge computing, investments in advanced big data tools, strategic collaborations, and enhanced AI-driven cybersecurity solutions.
    • In August 2024, AMD acquired Silo AI for $665 million to accelerate development and deployment of AI models on AMD hardware.
    2 days ago
    Broadcom makes VMware Cloud Foundation AI-native platform
    ·$AMD
    Product Launch
    • Broadcom’s VMware Cloud Foundation 9.0 is now generally available, with nine of the top 10 Fortune 500 companies licensed on 100 million cores, positioning VCF as an AI-native private cloud platform.
    • VMware Private AI Services—offering GPU Monitoring, Model Store, Model Runtime, and more—will be included in VCF subscriptions starting in Q1 FY26.
    • VCF 9.0 supports integration with NVIDIA Blackwell GPUs/DPUs and AMD ROCm™ software with Instinct™ MI350 series GPUs, expanding hardware choice for enterprise AI workloads.
    • New developer productivity features include native vSAN S3 object storage, GitOps with Argo CD, Istio service mesh, and the vSphere Kubernetes Service for streamlined, policy-driven application delivery.
    Aug 26, 2025, 1:04 PM
    Absci reports Q2 2025 results and business updates
    ·$AMD
    Earnings
    Guidance Update
    • Revenue of $0.6 M in Q2 2025 versus $1.3 M in Q2 2024 and net loss of $30.6 M versus $24.8 M year-ago.
    • R&D expenses rose to $20.5 M while SG&A expenses declined to $8.5 M in Q2 2025.
    • Cash, cash equivalents, and short-term investments totaled $117.5 M as of June 30, 2025, providing runway into H1 2028 after raising $64 M in July 2025.
    • Completed a $50 M underwritten public offering and $14 M via the at-the-market facility in July 2025.
    • Expanded collaboration with Almirall by electing a second target and advanced AI platform scaling with AMD, including a $20 M strategic equity investment.
    Aug 12, 2025, 8:07 PM
    AMD reports strong Q2 growth and updates AI accelerator roadmap
    ·$AMD
    Guidance Update
    Product Launch
    Revenue Acceleration/Inflection
    • Q2 revenue increased 32% YoY, and AMD guides Q3 revenue up 28% YoY, led by robust data center demand.
    • Data center server CPUs are gaining share, and AMD launched the MI355 accelerator in June, targeting tens of billions in accelerator revenue from an AI TAM exceeding $500 billion; MI400 series planned for next year.
    • Q3 guidance excludes China sales as US export licenses are under review; shipments will resume once approvals are granted.
    • Gaming, PC, and embedded segments remain strong, with embedded expected to return to growth in H2 2025.
    Aug 6, 2025, 4:12 PM
    AMD forecasts over $8 billion in AI revenue
    ·$AMD
    Guidance Update
    Revenue Acceleration/Inflection
    Product Launch
    • AI revenue outlook: Frank Lee now models over $8 billion in AI revenue for the year, versus a consensus of around $6 billion.
    • Price target hike: This improved outlook underpins a $200 price target on AMD, roughly double peer estimates.
    • Chip performance & pricing: Strong early feedback on the MI355 and a significant uplift in ASPs drove the revenue revision.
    • Wider pricing power: Lee sees pricing power extending beyond Nvidia to AMD and other suppliers like Broadcom amid rising AI demand.
    • Non-AI resilience: AMD continues to gain share and lift ASPs in traditional PC and data-center segments outside its AI business.
    Jul 11, 2025, 11:48 AM
    AMD upgraded by Melius Research on AI-driven GPU growth
    ·$AMD
    Product Launch
    Revenue Acceleration/Inflection
    • Melius Research upgraded AMD from Hold to Buy, setting a $175 price target (+36% upside).
    • AMD’s stock rallied 24% in Q2, with a Wall Street consensus Outperform rating and an average target near $131.
    • Drivers include AMD’s competitive edge over Intel, AI accelerator and GPU advances, and the Helios rack launch.
    • Analysts expect EPS > $8 within two years and project EPS > $9 by 2028 if AMD captures >5% of the accelerator market.
    • Piper Sandler, TD Cowen, and UBS also upgraded or maintained positive ratings, underscoring confidence in AMD’s AI strategy.
    Jun 23, 2025, 11:02 AM
    AMD unveils MI 350 AI accelerator series
    ·$AMD
    Product Launch
    • MI 350 series (MI 355 & MI 350) delivers a generational AI compute leap with 288 GB of HBM3E memory, support for models up to 520 B parameters on a single GPU, 161 PFLOPS of FP4 in servers, and up to 40% more tokens per dollar versus peers.
    • Production shipments of the MI 355 flagship began in early June, with partner platforms and public cloud instances launching in Q3 2025.
    • Training enhancements yield up to 3.5× higher pre-training throughput and 2.9× fine-tuning performance year-over-year; MLPerf results show up to 13% faster training than NVIDIA’s B200 and GB200.
    • ROCm 7 software, now supporting the MI 350 series, introduces distributed inference, enterprise AI features, cluster management, and MLOps capabilities.
    • Previewed MI 400 series and Helios AI Rack for 2026, featuring 72-GPU racks, 432 GB HBM4 per GPU, 40 PFLOPS FP4 performance, and TSMC 2 nm Venice EPYC CPUs with 256 cores.
    Jun 12, 2025, 4:30 PM
    AMD Outlines Strategic Growth and Product Roadmap at Global Tech Conference 2025
    ·$AMD
    Product Launch
    Revenue Acceleration/Inflection
    New Projects/Investments
    • Transformation and Growth: AMD highlighted a transformational 2024 with significant progress in high performance computing, including the successful launch of the MI300 series and the roadmap for upcoming MI320, MI350, and MI400 generations, driving both inferencing and training performance.
    • Revenue and Market Dynamics: Despite a $700M impact from export restrictions in Q2, AMD reported robust Q1 growth with revenue up 36% YoY and expects a strong second half through continued data center and client business momentum.
    • Advancements in Software and Integration: AMD emphasized major enhancements in its software stack, particularly through AMD Instinct, aiming to support complex AI models and deliver faster customer adoption, while also accelerating system-level design with new acquisitions.
    • Ecosystem and Rack-Scale Strategy: The company outlined plans to boost system content in rack-scale solutions by integrating GPUs, CPUs, DPUs, and networking components, leveraging strategic partnerships and recent acquisitions to enhance overall system performance.
    Jun 3, 2025, 3:40 PM
    AMD Shares Dip Amid US-China Trade Tensions
    ·$AMD
    • Intensified trade disputes saw the U.S. impose new export controls on AI chips and EDA software, prompting China to accuse the U.S. of discriminatory measures and violating their trade pact.
    • China was criticized by U.S. Treasury Secretary Scott Bessent for withholding promised rare earths and critical minerals, contributing to stalled talks.
    • Major tech stocks, including AMD, experienced declines as investors weighed potential further restrictions and tariff escalation.
    • Despite market jitters, investors remained focused on cooling inflation data, which may influence future Federal Reserve policy.
    May 30, 2025, 8:56 PM