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AI brief of an SEC Form 8-K · Advanced Micro Devices (AMD)

AMD Reports Record Q4 2025 Revenue of $10.3 Billion; Q1 Outlook Is $9.8 Billion

Positive Impact 3 of 5 earnings Written later

AMD reported fourth-quarter 2025 revenue of $10.3 billion, up 34% from a year earlier, with GAAP diluted earnings per share of $0.92 versus $0.29 and non-GAAP diluted earnings per share of $1.53 versus $1.09. For the first quarter of 2026, AMD expects revenue of about $9.8 billion, plus or minus $300 million, which is a sequential decline of about 5% but year-over-year growth of about 32% at the mid-point, and the filing says the quarter's non-GAAP results include about $360 million from a release of previously reserved inventory.

Key points

  • Q4 2025 revenue was $10.3 billion, up 34% year-over-year; GAAP net income was $1.5 billion versus $482 million a year earlier
  • Full-year 2025 revenue was $34.6 billion, up 34%; GAAP net income was $4.3 billion and non-GAAP diluted EPS was $4.17 versus $3.31
  • Q4 included an approximate $360 million release of previously reserved AMD Instinct MI308 inventory and about $390 million of MI308 revenue to China; excluding these items, non-GAAP gross margin would have been about 55%
  • Q1 2026 outlook: revenue of about $9.8 billion, plus or minus $300 million, including about $100 million of MI308 sales to China; non-GAAP gross margin expected at about 55%

The filing

CompanyAdvanced Micro Devices (AMD)
Form8-K, current report
Filed with the SECFeb 3, 2026, 4:16 PM ET
Accession number0000002488-26-000014

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 03, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.