AMD Reports First Quarter 2025 Financial Results

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[{"type":"text","content":"SANTA CLARA, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced financial results for the first quarter of 2025. First quarter revenue was $7.4 billion, gross margin was 50%, operating income was $806 million, net income was $709 million and diluted earnings per share was $0.44. On a non-GAAP(*) basis, gross margin was 54%, operating income was $1.8 billion, net income was $1.6 billion and diluted earnings per share was $0.96. “We delivered an outstanding start to 2025 as year-over-year growth accelerated for the fourth consecutive quarter driven by strength in our core businesses and expanding data center and AI momentum,” said Dr. Lisa Su, AMD chair and CEO. “Despite the dynamic macro and regulatory environment, our first quarter results and second quarter outlook highlight the strength of our differentiated product portfolio and consistent execution positioning us well for strong growth in 2025.” “We grew first quarter revenue 36% year-over-year and delivered significant earnings leverage as our business gains scale,” said AMD EVP, CFO and Treasurer Jean Hu. “We continue to invest in R&D and go-to-market initiatives, positioning the company for long-term growth and value creation for our shareholders.” GAAP Quarterly Financial Results Q1 2025Q1 2024Y/YQ4 2024Q/QRevenue ($M)$7,438$5,473Up 36%$7,658Down 3%Gross profit ($M)$3,736$2,560Up 46%$3,882Down 4%Gross margin50%47%Up 3 ppts51%Down 1 pptOperating expenses ($M)$2,930$2,524Up 16%$3,011Down 3%Operating income ($M)$806$36Up 2,139%$871Down 7%Operating margin11%1%Up 10 ppts11%FlatNet income ($M)$709$123Up 476%$482Up 47%Diluted earnings per share$0.44$0.07Up 529%$0.29Up 52% Non-GAAP(*) Quarterly Financial Results Q1 2025Q1 2024Y/YQ4 2024Q/QRevenue ($M)$7,438$5,473Up 36%$7,658Down 3%Gross profit ($M)$3,992$2,861Up 40%$4,140Down 4%Gross margin54%52%Up 2 ppts54%FlatOperating expenses ($M)$2,213$1,728Up 28%$2,114Up 5%Operating income ($M)$1,779$1,133Up 57%$2,026Down 12%Operating margin24%21%Up 3 ppts26%Down 2 pptsNet income ($M)$1,566$1,013Up 55%$1,777Down 12%Diluted earnings per share$0.96$0.62Up 55%$1.09Down 12% Segment Summary Data Center segment revenue in the quarter was $3.7 billion, up 57% year-over-year primarily driven by growth in AMD EPYC™ CPU and AMD Instinct™ GPU sales.Client and Gaming segment revenue in the quarter was $2.9 billion, up 28% year-o...

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