AMD

NASDAQ: AMD

Revenue

$41.30B

+39.5% YoY

Gross margin

53.2%

+558 bps YoY

Data Center revenue

$22.2B

+55.1% YoY

Free Cash Flow to Firm

$5.99B

+41.1% YoY

Last twelve months to June 27, 2026

Business overview

Company overview

AMD offers processors, graphics chips and AI accelerators for data centers.

How AMD makes money

AMD sells products through its own sales force, equipment makers, independent distributors and sales representatives in domestic and international markets.

Bull case

Data Center revenue rose 32% in 2025 to $16.6 billion from $12.6 billion in 2024.

Bear case

The chip industry is cyclical and has experienced severe downturns.