Earnings summaries and quarterly performance for ADVANCED MICRO DEVICES.
Executive leadership at ADVANCED MICRO DEVICES.
Lisa Su
Detailed
Chair, President and Chief Executive Officer
CEO
AH
Ava Hahn
Detailed
Senior Vice President, General Counsel and Corporate Secretary
DG
Darren Grasby
Detailed
Executive Vice President, Chief Sales Officer
FN
Forrest Norrod
Detailed
Executive Vice President and General Manager, Data Center Solutions Business Unit
JH
Jack Huynh
Detailed
Senior Vice President and General Manager, Computing and Graphics Business Group
JH
Jean Hu
Detailed
Executive Vice President, Chief Financial Officer and Treasurer
MP
Mark Papermaster
Detailed
Executive Vice President and Chief Technology Officer
PG
Philip Guido
Detailed
Executive Vice President, Chief Commercial Officer
Board of directors at ADVANCED MICRO DEVICES.
Research analysts who have asked questions during ADVANCED MICRO DEVICES earnings calls.
Aaron Rakers
Wells Fargo
7 questions for AMD
Also covers: AAPL, ANET, AVGO +19 more
JB
Joshua Buchalter
TD Cowen
7 questions for AMD
Also covers: ADI, AIP, ALGM +15 more
Timothy Arcuri
UBS
7 questions for AMD
Also covers: ADI, ALGM, AMAT +17 more
VA
Vivek Arya
Bank of America Corporation
7 questions for AMD
Also covers: ADI, ALGM, AMAT +23 more
Ross Seymore
Deutsche Bank
6 questions for AMD
Also covers: ADI, ALAB, AMBA +14 more
TO
Thomas O’Malley
Barclays Capital
6 questions for AMD
Also covers: ALAB, ALGM, AVGO +21 more
SR
Stacy Rasgon
Bernstein Research
5 questions for AMD
Also covers: ADI, AMAT, AVGO +6 more
JM
Joseph Moore
Morgan Stanley
4 questions for AMD
Also covers: ADI, AEVA, ALAB +22 more
CM
CJ Muse
Cantor Fitzgerald
3 questions for AMD
Also covers: ADI, AMAT, ASML +13 more
HS
Harlan Sur
JPMorgan Chase & Co.
3 questions for AMD
Also covers: ADI, ALAB, AMAT +15 more
Antoine Chkaiban
New Street Research
2 questions for AMD
Also covers: ANET, CSCO, MBLY
BR
Ben Reitzes
Melius Research LLC
2 questions for AMD
Also covers: AAPL, AMKR, ANET +9 more
JM
Joe Moore
Morgan Stanley
2 questions for AMD
Also covers: ADI, AMBA, AMKR +8 more
TH
Toshiya Hari
Goldman Sachs Group, Inc.
2 questions for AMD
Also covers: AMAT, AMKR, ARM +17 more
BR
Benjamin Reitzes
Melius Research
1 question for AMD
Also covers: AAPL, AMKR, ANET +7 more
BC
Blayne Curtis
Jefferies Financial Group
1 question for AMD
Also covers: ADI, AIP, ALAB +18 more
CM
Christopher Muse
Cantor Fitzgerald
1 question for AMD
Also covers: ADI, AMAT, ASML +13 more
CJ
C J Muse
Tanner Fitzgerald
1 question for AMD
Also covers: MU, SNDK
HK
Harsh Kumar
Piper Sandler & Co.
1 question for AMD
Also covers: ADI, AVGO, MCHP +10 more
Recent press releases and 8-K filings for AMD.
AMD outlines AI demand outlook and OpenAI MI450 deal
AMD
New Projects/Investments
- AMD views AI as a multi-decade investment cycle, noting hyperscale customers are funding ever-higher data center CapEx through free cash flow and are now constrained by compute capacity on both GPUs and CPUs.
- AMD estimates its silicon-addressable data center TAM at >$1 trillion, with 75–80% captured by programmable GPUs and 20–25% by ASIC or custom silicon workloads.
- AMD entered a definitive agreement to supply OpenAI with six gigawatts of MI450 and next-generation accelerators, deploying the first gigawatt in 2H 2026 and ramping into 2027 under a performance-based warrant structure.
- Via its Helios rack reference design, AMD focuses solely on selling silicon (GPUs, CPUs, scale-up NICs) while OEM/ODM partners handle system assembly, aiming for a 55–58% long-term gross margin driven by premium CPU, GPU, and FPGA portfolios.
- AMD is navigating China export-control uncertainties for MI325 and MI308 products, excluding potential China revenue from Q4 guidance while applying for required licenses and assessing regional demand.
Dec 10, 2025, 6:25 PM
AMD outlines AI strategy, $1T+ data center silicon TAM, OpenAI partnership
AMD
New Projects/Investments
- AMD views AI as a multi-decade investment cycle, with hyperscalers funding increased data-center CapEx through free cash flow and now constrained by compute/infrastructure capacity.
- AMD targets a silicon addressable market of over $1 trillion for data-center GPUs, CPUs, and networking—excluding rack-level and infrastructure—with programmable GPUs expected to capture 75–80% and ASICs 20–25% of the accelerator TAM.
- AMD and OpenAI signed a definitive multi-year deal for 6 GW of MI450/MI455 deployments, starting with 1 GW in H2 2026 and ramping into 2027, including performance-based warrants tied to AMD revenue.
- AMD remains fabless, focusing on high-value silicon sales and licensing reference designs to OEM/ODM partners, while targeting long-term corporate gross margins of 55–58%.
Dec 10, 2025, 6:25 PM
AMD outlines AI market opportunity and OpenAI partnership
AMD
- AMD views AI as a multi-decade, trillion-dollar data center opportunity, with a silicon-addressable TAM of over $1 trillion—including GPUs, CPUs and networking—and expects 20–25% of the accelerator market to be ASICs while the bulk remains general-purpose GPUs.
- AMD signed a definitive multi-year agreement with OpenAI for 6 GW of MI450 and next-gen accelerators, beginning with 1 GW in H2 2026 and including performance-based warrants tied to deployment growth.
- AMD’s Helios rack reference design leverages open standards and its Infinity Fabric coherency, but AMD will continue selling only silicon (GPUs/CPUs), not servers or racks, and expects GPU gross margins to rise toward the corporate 55–58% long-term target as volumes grow.
- The client CPU business has seen 60% revenue growth over three quarters driven by ASP expansion in premium and commercial PCs, while server CPU demand is accelerating—enterprise customer count nearly doubled in 2025 amid AI-driven CPU usage.
- Export control uncertainty in China has led AMD to exclude MI308 revenue from its Q4 guidance; MI325 exports will require licenses and customer uptake remains unclear as AMD monitors compliance and demand.
Dec 10, 2025, 6:25 PM
AMD outlines growth strategy at UBS 2025 Global Technology and AI Conference
AMD
Product Launch
Guidance Update
New Projects/Investments
- AMD’s data center revenue reached $16 billion in 2025, driving total data center mix from under 20% to nearly 50%, and is projected to grow at over 60% CAGR going forward.
- The company raised its data center TAM forecast to $1 trillion by 2030 (up from $500 billion by 2028) and targets double-digit share gains via its CPU, GPU, FPGA, ASIC portfolio and chiplet technology.
- AMD secured a 6 GW multi-gigawatt partnership with OpenAI, offering ~10% equity in warrants, to co-optimize GPU accelerator development and scale volume.
- Expanding beyond silicon, AMD acquired ZT and partnered with Sanmina to deliver full-stack solutions, planning a Helios rack launch with MI450 accelerators in 2026 to accelerate customer deployment.
Dec 3, 2025, 3:15 PM
AMD outlines AI data center strategy at UBS 2025 Global Technology and AI Conference
AMD
- AMD has pivoted its focus to data center, growing this segment from <20% to nearly 50% of revenues and achieving $16 billion in data center sales in 2025, with expectations to sustain 60%+ CAGR.
- AMD’s competitive edge stems from a holistic IP portfolio—including CPUs, GPUs, FPGAs and chiplets—enabling adaptable, workload-driven integration.
- AMD expects GPUs to retain 75–80% of the AI accelerator market versus 20–25% for ASICs, citing GPU programmability and model flexibility.
- AMD and OpenAI agreed on a 6 GW multi-generation partnership, granting OpenAI 10% in warrants, equating to double-digit billions in incremental annual revenue per GW and reinforcing AMD’s roadmap credibility.
- General-purpose CPU demand is reaccelerating, fueled by PC/server refresh cycles and AI-spawned inferencing workloads, supporting long-term CPU TAM growth.
Dec 3, 2025, 3:15 PM
AMD outlines AI and data center strategy at UBS Global Technology and AI Conference
AMD
Product Launch
New Projects/Investments
- AMD’s data center business has grown at over 50% annual growth and is projected to accelerate to 60%+ CAGR, with $16 billion in FY 2025 and a trillion-dollar TAM by 2030.
- AMD emphasizes a holistic data center portfolio—CPUs (EPYC with >40% revenue share), GPUs, FPGAs and chiplets—leveraging five generations of chiplet integration to adapt to evolving AI workloads and maintain flexibility versus ASICs.
- AMD has forged a 6-gigawatt, multi-generation partnership with OpenAI, including equity warrants, to co-design AI accelerators (MI400 series), securing double-digit billions in revenue per gigawatt while continuing engagements with other hyperscalers.
- The MI450 accelerator series and Helios rack solution—enabled by the ZT acquisition and Sanmina collaboration—will launch in 2026, offering a full-stack hardware-software solution to accelerate AI infrastructure deployment.
- CPU demand is robust as AI inference workloads drive increased general-purpose computing needs; AMD expects continued share gains with next-generation Venice CPUs and anticipates the CPU TAM to expand alongside AI growth.
Dec 3, 2025, 3:15 PM
AMD-backed Vultr plans $1B AI supercluster in Ohio
AMD
New Projects/Investments
- Vultr is investing $1 billion to build a 50-megawatt AI supercluster in Springfield, Ohio, expected online by early 2026.
- The facility will deploy 24,000 AMD Instinct MI355X GPUs built on 4th Gen CDNA architecture with 288 GB HBM3E memory and 8 TBps bandwidth.
- Financing includes a line of credit from a syndicate led by Bank of America, JPMorgan, Goldman Sachs, and Wells Fargo.
- Vultr plans to sell the cluster before it goes live and currently has no confirmed clients for the Ohio facility.
Dec 2, 2025, 1:43 PM
AMD benefits from David Tepper’s increased AI semiconductor stakes
AMD
New Projects/Investments
- Appaloosa Management fully exited Intel and Oracle in Q3 2025, citing Intel’s slow foundry transition and Oracle’s high debt and CapEx despite cloud and AI demand.
- David Tepper built a $154 million stake in AMD, reflecting confidence in its growing data center revenue and GPU demand.
- Tepper also raised his Nvidia position by 150,000 shares, boosting it to 4.8% of the fund’s portfolio, underscoring Nvidia’s AI infrastructure dominance.
- His moves illustrate a bullish, value-driven strategy on the AI semiconductor industry, projected to reach $1 trillion in sales by 2030.
Dec 2, 2025, 12:14 AM
AMD forms JV with Cisco and HUMAIN to build AI infrastructure
AMD
New Projects/Investments
- AMD, Cisco and HUMAIN will invest in a joint venture to deploy up to 1 GW of AI infrastructure in Saudi Arabia by 2030, launching with a 100 MW phase in 2026.
- The JV will combine HUMAIN’s modern data center capacity with AMD Instinct MI450 Series GPUs and Cisco’s critical infrastructure solutions as exclusive technology partners.
- AMD will establish an AMD Center of Excellence in Saudi Arabia to accelerate local integration and innovation.
Nov 19, 2025, 6:31 PM
AMD: Appaloosa Management Takes New Stake and Exits Intel, Oracle
AMD
New Projects/Investments
- Appaloosa Management opened a new AMD stake in Q3 2025, making it one of the fund’s top holdings.
- The fund exited positions in Intel and Oracle during the same quarter.
- New stakes were also added in Fiserv, American Airlines, Truist, and KeyCorp.
- Appaloosa boosted investments in Whirlpool, Qualcomm, Baidu, and Nvidia, while trimming UnitedHealth, Vistra, Amazon, Meta, and Uber.
- Despite another trim, Alibaba remained the largest holding at 16% of the portfolio.
Nov 13, 2025, 9:27 PM
Quarterly earnings call transcripts for ADVANCED MICRO DEVICES.
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