Company Reports

AMD reported second-quarter revenue of $11.5 billion, up 50% year over year and ahead of guidance. AMD expects September-quarter revenue of $13.0 billion, representing 41% year-over-year growth and ahead of FactSet consensus estimates of $12.5 billion.

AMD’s Advancing AI event introduced a flurry of artificial intelligence products, led by its Helios AI racks and Venice CPUs. AMD also hosted an investor event and boosted a host of its previous forecasts for the AI total addressable market.

Advanced Micro Devices has significant digital semiconductor expertise and is well positioned to prosper from favorable trends in data centers and artificial intelligence. We consider AMD to be one of two notable firms in graphics processing units, which are especially suited for AI. The company may play second fiddle to Nvidia in AI GPUs, but its GPU expertise should become increasingly valuable—and lucrative—in the years ahead.

Advanced Micro Devices has significant digital semiconductor expertise and is well positioned to prosper from favorable trends in data centers and artificial intelligence. We consider AMD to be one of two notable firms in graphics processing units, which are especially suited for AI. The company may play second fiddle to Nvidia in AI GPUs, but its GPU expertise should become increasingly valuable—and lucrative—in the years ahead.

AMD and Anthropic announced a partnership to deploy up to 2 gigawatts of AMD artificial intelligence products (including its latest Helios racks) starting in the first half of 2027. AMD will make an equity investment of up to $5 billion in Anthropic.

AMD reported first-quarter revenue of $10.25 billion, up 38% year over year and above the high end of guidance. AMD expects June-quarter revenue to be $11.2 billion at the midpoint, up 45% year over year and above the FactSet consensus estimate of $10.5 billion.

Advanced Micro Devices and Meta Platforms announced an expanded strategic partnership in which Meta may deploy up to 6 gigawatts of AMD customized GPU solutions, with the first gigawatt expected to begin in the second half of 2026. Meta has the option to acquire 160 million AMD shares via warrants.

Advanced Micro Devices has significant digital semiconductor expertise and is well positioned to prosper from favorable trends in data centers and artificial intelligence. We consider AMD to be one of two notable firms in graphics processing units, which are especially suited for AI. The company may play second fiddle to Nvidia in AI GPUs, but its GPU expertise should become increasingly valuable—and lucrative—in the years ahead.

Advanced Micro Devices reported fourth-quarter revenue of $10.3 billion, up 34% year over year, up 11% sequentially, and ahead of guidance. AMD’s first-quarter revenue forecast of $9.8 billion is ahead of FactSet consensus estimates and would represent 32% growth year over year.

The Information reported that Meta Platforms is in discussions to buy Google’s custom Tensor Processing Unit, or TPU, chips for artificial intelligence. Shares of AI chip suppliers Nvidia and AMD were down as much as 4% and 7%, respectively, on Nov. 25.

Advanced Micro Devices has significant digital semiconductor expertise and is well positioned to prosper from favorable trends in data centers and artificial intelligence. We consider AMD to be one of two notable firms in graphics processing units, which are especially well suited for AI. The company may play second fiddle to Nvidia in AI GPUs, but its GPU expertise should become increasingly valuable, and lucrative, in the years ahead.

AMD hosted an investor day with updated revenue growth and financial targets. These include growth in the next three to five years of 80% in data center AI products, 60% in all data center products, and 35% for total AMD. AMD’s adjusted gross margin target is now 55%-58%, ahead of 54% currently.

AMD reported strong third-quarter revenue, up 20% sequentially, up 36% year over year, and above the high end of guidance. AMD’s fourth-quarter revenue forecast of $9.6 billion would represent growth of 4% sequentially and 25% year over year, and was ahead of FactSet consensus estimates.

AMD and OpenAI reached an agreement where AMD will supply artificial intelligence gear for up to 6 gigawatts of OpenAI’s AI infrastructure. AMD expects the deal to earn tens of billions of dollars of annual incremental revenue with the rollout starting in second-half 2026.

Advanced Micro Devices has significant digital semiconductor expertise and is well positioned to prosper from favorable trends in data centers and artificial intelligence. We consider AMD to be one of two notable firms in graphics processing units, which are especially well suited for AI. The company may play second fiddle to Nvidia in AI GPUs, but its GPU expertise should become increasingly valuable, and lucrative, in the years ahead.

AMD’s rivals, Intel and Nvidia, announced a collaboration to jointly develop multiple generations of custom data center and PC products. Nvidia will also invest $5 billion in Intel’s common stock at a price of $23.28 per share.

Nvidia and AMD will soon receive the previously announced export licenses from the US government to sell artificial intelligence chips into China. In new news, both companies have agreed to pay the US government 15% of the revenue from these chip sales in exchange for the approval.

AMD reported second-quarter revenue of $7.7 billion, up 3% sequentially, up 32% year over year, and at the high end of guidance. AMD forecasts third quarter revenue of $8.7 billion, which would represent growth of 13% sequentially, 28% year over year, and ahead of FactSet Consensus estimates.

Advanced Micro Devices has significant digital semiconductor expertise and is well positioned to prosper from favorable trends in data centers and artificial intelligence. We consider AMD to be one of two notable firms in graphics processing units, which are especially well suited for AI. The company may play second fiddle to Nvidia in AI GPUs, but its GPU expertise should become increasingly valuable, and lucrative, in the years ahead.

AMD has learned that the US will reverse course and approve the sale of its MI308X graphics processors, or GPUs, into China for artificial intelligence workloads. Sales of the MI308X were banned 90 days ago, causing AMD to incur an $800 million write-off.