Filing Flows › Advanced Micro Devices (AMD) › Q3 2025
Advanced Micro Devices (AMD) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Advanced Micro Devices (AMD) reported revenue of $9.2B for the third quarter 2025 (Q3 2025), +36% from a year earlier and +20% from the quarter before. Operating margin was 13.7%, net earnings $1.2B (13.4% of revenue).
Advanced Micro Devices, Q3 2025: revenue $9.2B (+36% year over year), operating margin 13.7%, net earnings $1.2B, operating cash flow $2.2B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.2B | +20% | +36% |
| Gross profit | $4.8B | +56% | +40% |
| Operating profit | $1.3B | — | +75% |
| Net earnings | $1.2B | +43% | +61% |
| Operating cash flow | $2.2B | +7% | +244% |
| Free cash flow | $1.9B | +10% | +283% |
What changed
Revenue was $9.2B in Q3 2025, up 36% year over year and up 20% from the previous quarter.
Gross margin was 51.7%, up 1.6 points from a year earlier. Operating profit was $1.3B, a 13.7% margin (up 3.1 points year over year). Of the extra revenue versus a year earlier, 22% reached operating profit, above the 11% margin then. Operating expenses grew 30% against revenue growth of 36%. The fastest-growing cost line was SG&A (+51%). Net earnings were $1.2B, up 61% year over year. The effective tax rate was 11.0%.
Operating cash flow was $2.2B (up 244% year over year), 174% of net earnings. Non-cash charges added back $0.42B of share-based compensation. Working capital and other items added $0.50B. Capital expenditures of $0.26B left free cash flow of $1.9B.
Questions
What was Advanced Micro Devices' revenue in the third quarter 2025?
Advanced Micro Devices (AMD) reported revenue of $9.2B for the third quarter 2025 (Q3 2025), +36% from a year earlier and +20% from the quarter before.
Was Advanced Micro Devices profitable in the third quarter 2025?
Operating profit was $1.3B (13.7% of revenue) and net earnings $1.2B.