Filing Flows › Advanced Micro Devices (AMD) › Q4 2025
Advanced Micro Devices (AMD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 4, 2026
Advanced Micro Devices (AMD) reported revenue of $10.3B for the fourth quarter 2025 (Q4 2025), +34% from a year earlier and +11% from the quarter before. Operating margin was 17.1%, net earnings $1.5B (14.7% of revenue).
Advanced Micro Devices, Q4 2025: revenue $10.3B (+34% year over year), operating margin 17.1%, net earnings $1.5B, operating cash flow $2.6B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.3B | +11% | +34% |
| Gross profit | $5.6B | +17% | +44% |
| Operating profit | $1.8B | +38% | +101% |
| Net earnings | $1.5B | +22% | +213% |
| Operating cash flow | $2.6B | +20% | +100% |
| Free cash flow | $2.4B | +25% | +118% |
What changed
Revenue was $10.3B in Q4 2025, up 34% year over year and up 11% from the previous quarter.
Gross margin was 54.3%, up 3.6 points from a year earlier. Operating profit was $1.8B, a 17.1% margin (up 5.7 points year over year). Of the extra revenue versus a year earlier, 34% reached operating profit, above the 11% margin then. Operating expenses grew 27% against revenue growth of 34%. The fastest-growing cost line was SG&A (+53%). Net earnings were $1.5B, up 213% year over year. The effective tax rate was 23.1%.
Operating cash flow was $2.6B (up 100% year over year), 172% of net earnings. Non-cash charges added back $0.49B of share-based compensation. Working capital and other items added $0.60B. Capital expenditures of $0.22B left free cash flow of $2.4B.
Questions
What was Advanced Micro Devices' revenue in the fourth quarter 2025?
Advanced Micro Devices (AMD) reported revenue of $10.3B for the fourth quarter 2025 (Q4 2025), +34% from a year earlier and +11% from the quarter before.
Was Advanced Micro Devices profitable in the fourth quarter 2025?
Operating profit was $1.8B (17.1% of revenue) and net earnings $1.5B.