Filing Flows › Advanced Micro Devices (AMD) › Q2 2025
Advanced Micro Devices (AMD) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Advanced Micro Devices (AMD) reported revenue of $7.7B for the second quarter 2025 (Q2 2025), +32% from a year earlier and +3% from the quarter before. Operating margin was -1.7%, net earnings $872M (11.3% of revenue).
Advanced Micro Devices, Q2 2025: revenue $7.7B (+32% year over year), operating margin -1.7%, net earnings $872M, operating cash flow $2.0B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.7B | +3% | +32% |
| Operating profit | −$134M | -117% | — |
| Net earnings | $872M | +23% | — |
| Operating cash flow | $2.0B | +114% | +239% |
| Free cash flow | $1.7B | +138% | +294% |
What changed
Revenue was $7.7B in Q2 2025, up 32% year over year and up 3% from the previous quarter.
Gross margin was 39.8%, down 9.3 points from a year earlier. Operating costs exceeded revenue by $0.13B, an operating margin of -1.7%. Operating expenses grew 23% against revenue growth of 32%. The fastest-growing cost line was SG&A (+55%). Net earnings were $0.87B, up 229% year over year. The tax line was a benefit of $0.83B on pre-tax earnings of $0.04B. Non-operating items added $0.17B, 453% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.0B (up 239% year over year), 231% of net earnings. Non-cash charges added back $0.37B of share-based compensation. Working capital and other items added $0.77B. Capital expenditures of $0.28B left free cash flow of $1.7B.
Questions
What was Advanced Micro Devices' revenue in the second quarter 2025?
Advanced Micro Devices (AMD) reported revenue of $7.7B for the second quarter 2025 (Q2 2025), +32% from a year earlier and +3% from the quarter before.
Was Advanced Micro Devices profitable in the second quarter 2025?
Operating loss was $134M (-1.7% of revenue) and net earnings $872M.