Advanced Micro Devices, Inc. (NASDAQ: AMD) reported stronger-than-expected revenue and adjusted earnings for the fourth quarter of FY25. The chipmaker also issued guidance for the first quarter of fiscal 2026.
Earnings, on an adjusted basis, increased to $1.53 per share in the fourth quarter from $1.09 per share in the same period of 2024. On an unadjusted basis, net income was $1.51 billion or $0.92 per share in Q4, vs. $482 million or $0.29 per share in the prior-year period.
Fourth-quarter revenues increased to $10.27 billion from $7.66 billion in the comparable period of the prior year. Both revenue and earnings exceeded analysts’ estimates.
For the first quarter of FY26, AMD expects revenue to be $9.8 billion, plus or minus $300 million, including approximately $100 million of AMD Instinct MI308 sales to China. The mid-point of the revenue range represents year-over-year growth of 32% and a sequential decline of 5%.
Lisa Su, AMD’s CEO, said, “ We are entering 2026 with strong momentum across our business, led by accelerating adoption of our high-performance EPYC and Ryzen CPUs and the rapid scaling of our data center AI franchise.”