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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 .
- 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.
- Gaming - Offers discrete GPUs and semi-custom SoC products tailored for gaming applications.
- Embedded - Provides embedded CPUs, GPUs, APUs, FPGAs, and Adaptive SoC products, with growth driven by the acquisition of Xilinx.
- Client - Focuses on CPUs, APUs, and chipsets designed for personal computers.
| Revenue by Segment - in Millions of USD | FY 2013 | Q1 2014 | Q2 2014 | Q3 2014 | Q4 2014 | FY 2014 | Q1 2015 | Q2 2015 | Q3 2015 | Q4 2015 | FY 2015 | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | FY 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | FY 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | FY 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | FY 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | FY 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Data Center | 2,282 | 6,496 | 2,337 | 2,834 | 3,549 | 3,859 | 12,579 | 3,674 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Client | 1,461 | 4,651 | 1,368 | 1,492 | 1,881 | 2,313 | 7,054 | 2,294 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Gaming | 1,368 | 6,212 | 922 | 648 | 462 | 563 | 2,595 | 647 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Embedded | 1,057 | 5,321 | 846 | 861 | 927 | 923 | 3,557 | 823 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Computing and Graphics | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Enterprise, Embedded and Semi-Custom | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Xilinx | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| - Computing Solutions | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| - Graphics and Visual Solutions | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| - All Other | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total Revenue | 6,168 | 22,680 | 5,473 | 5,835 | 6,819 | 7,658 | 25,785 | 7,438 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue by Geography - in Millions of USD | FY 2013 | Q1 2014 | Q2 2014 | Q3 2014 | Q4 2014 | FY 2014 | Q1 2015 | Q2 2015 | Q3 2015 | Q4 2015 | FY 2015 | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | FY 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | FY 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | FY 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | FY 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | FY 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
| United States | - | 7,837 | - | - | - | - | 8,693 | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Japan | - | 4,629 | - | - | - | - | 1,767 | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| China | - | 3,417 | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| China (including Hong Kong) | - | 3,417 | - | - | - | - | 6,231 | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| China (including Taiwan) | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Singapore | - | 2,231 | - | - | - | - | 3,614 | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Europe | - | 2,030 | - | - | - | - | 1,625 | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Taiwan | - | 1,841 | - | - | - | - | 3,301 | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Other countries | - | 695 | - | - | - | - | 554 | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| - International Sales | - | - | - | - | - | - | - | 4,909 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total Revenue | 6,168 | 22,680 | 5,473 | 5,835 | 6,819 | 7,658 | 25,785 | 7,438 | |||||||||||||||||||||||||||||||||||||||||||||||||
| KPIs - Metric (Unit, Scale) | FY 2013 | Q1 2014 | Q2 2014 | Q3 2014 | Q4 2014 | FY 2014 | Q1 2015 | Q2 2015 | Q3 2015 | Q4 2015 | FY 2015 | Q1 2016 | Q2 2016 | Q3 2016 | Q4 2016 | FY 2016 | Q1 2017 | Q2 2017 | Q3 2017 | Q4 2017 | FY 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | FY 2018 | Q1 2019 | Q2 2019 | Q3 2019 | Q4 2019 | FY 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | FY 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 (%) | Q1 2023 (%) | Q2 2023 (%) | Q3 2023 (%) | Q4 2023 | FY 2023 (%) | Q1 2024 (%) | Q2 2024 (%) | Q3 2024 (%) | Q4 2024 | FY 2024 | Q1 2025 |
| Percentage increase in unit shipments for AMD Ryzen desktop and mobile processors (percent) | - | -12 | 58 | 34 | 25 | - | - | - | |||||||||||||||||||||||||||||||||||||||||||||||||
| Percentage increase in average selling price for AMD Ryzen desktop and mobile processors (percent) | - | -16 | 16 | 12 | 3 | - | - | - |
| Name | Position | External Roles | Short 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. |
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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?
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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 ?
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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?
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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?
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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?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
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. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
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.
- 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.
- AMD emphasized the rapid evolution of AI and generative AI applications, noting the transformative ramp-up of its data center accelerator products—from MI300’s breakthrough performance to the upcoming MI355 launch—with a record revenue ramp from virtually zero to $5 billion last year.
- The company detailed its roadmap for the Instinct family, highlighting improvements in inferencing performance with the MI350 series, and outlining plans for the MI450 family in 2026 to tackle large-scale training workloads.
- Enhanced software support and rack-scale initiatives were also discussed, including biweekly ROCm releases to improve performance and integration of ZT Systems’ expertise for optimized rack-scale designs.
- AMD has entered into a definitive agreement to sell its U.S.-headquartered data center infrastructure manufacturing business, ZT Systems, to Sanmina for $3 billion in cash and stock, with up to $450 million in contingent payments.
- AMD will retain ZT Systems’ design and customer enablement expertise to accelerate the deployment of its AI systems for cloud customers.
- The transaction is expected to close near the end of 2025, subject to regulatory approvals and customary closing conditions, aligning with AMD’s strategic manufacturing and innovation goals.
- Filing Date & Event: The 8-K, dated May 14, 2025, reports key corporate events including the filing of an amended and restated Certificate of Incorporation and significant changes in the authorized shares of common stock.
- Stockholder Meeting Results: The document details outcomes from the 2025 Annual Meeting, including the election of eight director nominees and votes on proposals affecting corporate governance and structural changes.
- Record revenue: Q1 2025 revenue reached $7.4 billion, up 36% year-over-year, driven by strong performance with 57% growth in the Data Center segment and 28% growth in the Client and Gaming segment.
- Improved margins and earnings: The company achieved a 54% gross margin, $1.8 billion operating income, and diluted EPS increased by 55% year-over-year.
- Product momentum: Growth was supported by robust EPYC and Ryzen CPU sales along with expanding demand for Instinct GPUs, with significant customer interest and an anticipated MI350 Series launch midyear.
- Guidance update: The Q2 2025 outlook expects revenue of approximately $7.4 billion ± $300 million, including a $700 million headwind from export license impacts on MI308 shipments to China.
- AMD completed an initial assessment of a new US export license requirement affecting its MI308 products, with potential charges of up to $800 million in inventory and purchase commitments.
- The assessment addresses export restrictions to regions including China, Hong Kong, Macau, and D:5 countries, and the announcement was formalized on April 15, 2025.
- The report was signed by Senior Vice President, General Counsel & Corporate Secretary, Ava M. Hahn on April 16, 2025.
- AMD completed the acquisition of ZT Group Int’l on March 31, 2025, finalizing a share purchase agreement that marks a key strategic transaction.
- The deal involved issuing 8,335,849 shares along with $3.375 billion in cash, with additional contingent consideration up to 740,961 shares and $300 million in cash based on performance conditions.
- The acquisition is aimed at bolstering AMD’s capabilities in data center and AI infrastructure, integrating expertise to accelerate market deployment.
- AMD closed a public offering of senior notes totaling $1.5 billion, comprising $875 million of 4.212% Senior Notes due 2026 and $625 million of 4.319% Senior Notes due 2028, as part of its debt issuance strategy.
- The offering is governed by a Base Indenture (dated June 9, 2022) and a Second Supplemental Indenture (dated March 24, 2025), which detail key provisions including redemption options, change of control triggers, and default events.
- Additionally, AMD issued $950 million in unsecured commercial paper on the same day to bolster its liquidity position.
- AMD entered into an underwriting agreement for a $1.5 billion senior notes offering, which includes $875 million 4.212% Senior Notes due 2026 and $625 million 4.319% Senior Notes due 2028.
- The offering is expected to close on March 24, 2025, with net proceeds intended to partially fund the acquisition of ZT Group Int’l or for general corporate purposes.