Advanced Micro Devices (AMD) has reported Q4 and full-year results for 2025, delivering record-breaking revenue and earnings that surpassed Wall Street expectations. The performance was driven by soaring demand for its high-performance EPYC and Ryzen CPUs and the rapid expansion of its data centre AI business. Despite the positive numbers, investors are worried about the broader semiconductor market and the high cost of the AI race.
● Revenue: $10.3 billion, a 34% year-over-year increase.
● Earnings per share (EPS): $1.53, a 40% increase year-over-year.
● Operating income: A record $2.9 billion, up 41% year-over-year.
● Data centre revenue: A record $5.4 billion, up 39% year-over-year.
● Client and gaming revenue: $3.9 billion, up 37% year-over-year.
AMD’s Q4 results highlight a company gaining momentum across its core businesses, led by strong data centre growth from the accelerated adoption of its Instinct GPUs for AI workloads and sustained demand for EPYC server processors. Client and gaming also benefitted from a recovering PC cycle, positioning 2025 as what CEO Dr Lisa Su calls a “defining year” for AMD’s expanding AI franchise. However, this operational strength and guidance exceeded expectations, the share price softened as elevated market expectations, concerns around AI valuation sustainability, memory supply constraints and intensifying competition weighed on sentiment. AMD continues to press forward with new platforms such as MI440X and Helios to capture a larger share of what it sees as a $1 trillion AI data centre opportunity by 2030. Stay close to developments in AMD’s execution and the broader AI infrastructure cycle.
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** This article was prepared by BROKSTOCK analyst Maboko Seabi
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