Overview
- AMD reported 2025 revenue of $34.6 billion and net income of $4.3 billion, with full-year gross margin at 50% and Q4 margin at 54%.
- The company guided Q1 2026 revenue to about $9.8 billion, plus or minus $300 million.
- Q4 revenue was roughly $10.3 billion, beating LSEG consensus, yet the stock fell more than 5% after hours and then dropped about 17% the next session.
- Analyst baselines were mixed, with a Bloomberg average near $9.39 billion and some firms expecting more than $10 billion for Q1.
- CEO Lisa Su said AMD will emphasize enterprise and premium PC segments to offset higher memory and SSD costs and an expected 2026 PC market contraction, while data center led 2025 with $16.6 billion, up 32%.