AMD reported strong financial performance in Q2 2025 with record revenue and significant growth in the Client and Data Center segments. However, the impact of U.S. export controls on China sales and a decline in gross margin due to an inventory write-down were notable challenges. Despite these setbacks, the company remains optimistic about future growth, particularly in AI and data center opportunities.

Company Guidance -

Q3 2025

During the AMD Second Quarter 2025 Conference Call, the company provided detailed guidance, highlighting a robust financial performance and optimistic outlook for the remainder of the year. AMD reported a 32% year-over-year increase in revenue to a record $7.7 billion, with a notable gross margin of 54% excluding an $800 million inventory write-down. The Data Center segment revenue rose 14% year-over-year to $3.2 billion, driven by strong EPYC CPU sales. Additionally, the Client and Gaming segments saw a 69% year-over-year increase to $3.6 billion, with record sales of Ryzen CPUs and strong demand for gaming GPUs. The Embedded segment, however, saw a slight 4% decline year-over-year. Looking ahead, AMD projects third-quarter revenue of approximately $8.7 billion, reflecting a 28% year-over-year growth, driven by double-digit increases across the Client, Gaming, and Data Center segments, with the MI350 series accelerators expected to contribute significantly. Despite export restrictions impacting MI308 sales to China, AMD remains optimistic about future growth, supported by strong customer interest and the anticipated launch of the MI400 series in 2026.

Record Revenue Achieved

AMD reported a record revenue of $7.7 billion for Q2 2025, representing a 32% year-over-year increase, driven by strong sales of Ryzen and EPYC processors and higher semi-custom shipments.

Strong Data Center Segment Performance

Data Center segment revenue increased 14% year-over-year to $3.2 billion, with robust demand for EPYC processors. AMD achieved its 33rd consecutive quarter of year-over-year share gains in cloud and enterprise CPU sales.

Client and Gaming Segment Growth

The Client and Gaming segment witnessed a 69% year-over-year growth to $3.6 billion, driven by record client CPU sales and strong demand for gaming products. Client revenue increased 67% year-over-year to $2.5 billion.

Successful Launch of New Products

AMD launched the Instinct MI350 series accelerators and Zen 5 desktop portfolio, showing leadership in AI and gaming performance. The MI350 series began volume production ahead of schedule in June.

Positive Free Cash Flow

AMD delivered over $1 billion in free cash flow in the quarter, demonstrating strong financial health and operational efficiency.

Advanced Micro Devices (AMD) Earnings, Revenues Date & History

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AMD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	1.17 / -	0.92	―	―	―
Aug 05, 2025	2025 (Q2)	0.48 / 0.48	0.69	-30.43% (-0.21)
May 06, 2025	2025 (Q1)	0.94 / 0.96	0.62	54.84% (+0.34)
Feb 04, 2025	2024 (Q4)	1.08 / 1.09	0.77	41.56% (+0.32)
Oct 29, 2024	2024 (Q3)	0.92 / 0.92	0.7	31.43% (+0.22)
Jul 30, 2024	2024 (Q2)	0.68 / 0.69	0.58	18.97% (+0.11)
Apr 30, 2024	2024 (Q1)	0.62 / 0.62	0.6	3.33% (+0.02)
Jan 30, 2024	2023 (Q4)	0.77 / 0.77	0.69	11.59% (+0.08)
Oct 31, 2023	2023 (Q3)	0.68 / 0.70	0.67	4.48% (+0.03)
Aug 01, 2023	2023 (Q2)	0.57 / 0.58	1.05	-44.76% (-0.47)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AMD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$174.31	$163.12	-6.42%
May 06, 2025	$98.62	$100.36	+1.76%
Feb 04, 2025	$119.50	$112.01	-6.27%
Oct 29, 2024	$166.25	$148.60	-10.62%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.