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.
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| 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?
Research analysts who have asked questions during ADVANCED MICRO DEVICES earnings calls.
Aaron Rakers
Wells Fargo
5 questions for AMD
Joshua Buchalter
TD Cowen
5 questions for AMD
Timothy Arcuri
UBS
5 questions for AMD
Vivek Arya
Bank of America Corporation
5 questions for AMD
Joseph Moore
Morgan Stanley
4 questions for AMD
Ross Seymore
Deutsche Bank
4 questions for AMD
Thomas O’Malley
Barclays Capital
4 questions for AMD
Harlan Sur
JPMorgan Chase & Co.
3 questions for AMD
Stacy Rasgon
Bernstein Research
3 questions for AMD
Ben Reitzes
Melius Research LLC
2 questions for AMD
CJ Muse
Cantor Fitzgerald
2 questions for AMD
Toshiya Hari
Goldman Sachs Group, Inc.
2 questions for AMD
Benjamin Reitzes
Melius Research
1 question for AMD
Blayne Curtis
Jefferies Financial Group
1 question for AMD
Christopher Muse
Cantor Fitzgerald
1 question for AMD
Harsh Kumar
Piper Sandler & Co.
1 question for AMD
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.
- The U.S. Department of Energy has partnered with AMD in a $1 billion collaboration to build two exascale supercomputers, Lux and Discovery, targeting research in nuclear power, fusion energy, cancer treatment, and national security.
- Lux will deploy AMD’s MI355X AI accelerators at Oak Ridge National Laboratory within six months, while Discovery, powered by the upcoming MI430 chip series, is planned for launch in 2029 at Lawrence Livermore National Laboratory.
- The partnership underscores AMD’s strategy to diversify AI infrastructure providers amid Nvidia’s dominance, involving key partners Hewlett Packard Enterprise and Oracle Cloud.
- AMD CEO Lisa Su emphasized the deal’s role in bolstering U.S. leadership in AI and high-performance computing to accelerate breakthroughs in fusion energy, medicine, and defense.
- Completion Date: AMD finalized the sale of ZT Group Int’l’s data center infrastructure business to Sanmina on October 27, 2025.
- Sale Consideration: Sanmina issued 1,151,052 shares of its common stock and paid $2.4 billion in cash, with up to $450 million additional contingent cash payments.
- Strategic Partnership: AMD retains ZT Systems’ rack-scale AI design and customer enablement teams, while Sanmina becomes a preferred NPI manufacturing partner for AMD’s cloud rack and cluster-scale AI solutions.
- Business Impact: The transaction extends AMD’s data center strategy from silicon to full systems, aiming to accelerate quality and time-to-deployment for AI and cloud customers.
- IBM executed a quantum error-correction algorithm in real time on AMD FPGAs, achieving 10× speed over requirements for live error correction.
- This milestone places IBM one year ahead of its 2029 Starling quantum system roadmap.
- The August collaboration with AMD targets hybrid high-performance and quantum computing architectures, reducing cost and complexity.
- After the announcement, IBM’s stock rose 0.3% in pre-market trading, and Stocktwits message volume surged 715%, indicating strong market sentiment.
- Gimlet Labs has launched a platform that decouples agentic AI workloads from underlying hardware, slicing each workload into components and mapping them to right-sized devices; the company reports 8-figure revenues and deployments at AI-native and Fortune 500 firms.
- The system autoports workloads without code changes and orchestrates them across heterogeneous hardware—multi-generation, multi-vendor GPUs (NVIDIA, Intel, AMD), CPUs, and custom accelerators—to boost performance and flexibility.
- Available both as an on-premises solution for datacenters and a hosted developer platform, Gimlet aims to deliver up to 10× efficiency improvements, unlocking new compute capacity for agentic AI applications.
- Secured a $12 million seed round led by Factory, with angel investors including Dylan Field, Raghu Raghuram, and Lip-Bu Tan, to advance research in GPU kernel generation and heterogeneous execution.
- Uniphore secured a $260 million Series F round at a $2.5 billion valuation, with strategic investments from NVIDIA, AMD, Snowflake, and Databricks.
- The funding will accelerate innovation across its sovereign, composable, secure Business AI Cloud, which supports over 2,000 global customers, including many Fortune 500 companies.
- Investors underscore Uniphore’s leadership in enabling an agentic enterprise, delivering enterprise-grade security, governance, and scalability alongside consumer-style ease of use.
- Since launching its Business AI Cloud in spring 2025, Uniphore has acquired ActionIQ and Infoworks, and announced acquisitions of Orby AI and Autonom8 to expand its end-to-end AI platform.
- 34 YieldMax® Group 2 Option Income Strategy ETFs will pay weekly distributions across a broad range of underlying assets, including single stocks and indices.
- Distribution per share spans from $0.0234 for the MRNA Option Income Strategy ETF (MRNY) to $0.8908 for the CRCL Option Income Strategy ETF (CRCO).
- Distribution rates vary widely, from 16.95% (BRKC) up to 104.04% (MARO).
- 30-day SEC yields range between 0.00% and 3.88%, with estimated Return of Capital percentages as high as 100.00%.
- JLK Capital Management Ltd. will expand its investments in global high-performance computing infrastructure, focusing on the construction and operation of GPU servers and AI computing centers to meet surging demand for AI compute power.
- The firm plans to deploy 25,000+ high-performance GPU units by 2026 across data-center nodes in Colorado, Texas, and Singapore.
- Investments target GPU-cluster server projects based on NVIDIA and AMD architectures, with all projects complying with U.S. and local regulatory and environmental standards.
- JLK is researching securitization models to incorporate GPU computing resources as assetized instruments in institutional portfolios, aiming to add liquidity and new return structures to capital markets.
- Global market valued at US$11.6 Billion in 2024, projected to US$16.9 Billion by 2030 at a 6.5% CAGR
- Growth drivers include a surge in AI/ML workloads and rising hyperscale and cloud infrastructure investments expanding demand for next-gen server CPUs
- CPU segment expected to reach US$7.7 Billion by 2030 at an 8.1% CAGR, while GPU segment grows at 4.5% CAGR over the forecast period
- Regional insights: U.S. market valued at US$3.2 Billion in 2024; China's market forecast to reach US$3.5 Billion by 2030 at a 10.4% CAGR
- AMD introduced the Helios rack-scale AI system featuring liquid cooling, up to 72 Instinct MI450 GPUs, EPYC Venice CPUs, and Pensando networking in a double-wide Open Rack Wide chassis.
- The platform delivers roughly 1.4 exaFLOPS of FP8 performance per rack and offers 432 GB of HBM4 memory per GPU (≈31 TB per rack) with 19.6 TB/s bandwidth per GPU.
- Helios leverages open standards like UALink for low-latency GPU-to-GPU communication and UEC Ethernet for scalable network fabric, targeting heterogeneous AI workloads.
- Oracle has committed to deploy 50,000 MI450 GPUs on its cloud infrastructure by 2026, underscoring early commercial adoption.
- The HBM market is projected to grow from US$ 2.93 billion in 2024 to US$ 16.72 billion by 2033, at a 21.3 % CAGR from 2025 to 2033.
- Primary growth drivers include AI & machine learning, cloud computing & data centers, and gaming & graphics applications.
- Key challenges are high manufacturing and integration costs due to TSV and 3D stacking, and supply chain concentration among a few vendors.
- The report analyses leading suppliers such as Samsung, SK hynix, Micron, Intel, AMD, Nvidia, and packaging partners like Amkor and Powertech.