AMD, founded in 1969, is a fabless designer of CPUs, GPUs, FPGAs, DPUs and rack-scale AI systems, with production outsourced mainly to TSMC.
Latest update Nov 8, 2026
01
Lisa Su has been CEO since 2014. Fiscal 2025 revenue was a record $34.6 billion. For the quarter ended Sept. 26, 2026, AMD reported revenue of $13.377 billion, up 45 percent, GAAP diluted EPS of $1.46 and non-GAAP EPS of $2.09. Data Center revenue was $8.546 billion, up 97 percent. Fourth-quarter revenue is guided to about $17 billion, plus or minus 3 percent, and non-GAAP gross margin to about 55 percent. Prepared remarks for the Nov. 3, 2026 call say AMD started shipping MI455X in volume in the quarter and that Anthropic, Meta, Microsoft, OpenAI and Oracle brought their first Helios racks online. The remarks give no GPU count and no separate rack revenue, and they do not say Oracle's 50,000-GPU public cluster is customer-available. They expect 2027 revenue to grow more than 80 percent and Data Center to be more than 80 percent of 2027 revenue. Server revenue is expected to double in 2027. Taalas and World Labs are expected to close by the end of the year and were not described as closed. The CFO expects about 1.67 billion diluted shares in the fourth quarter, including the estimated impact of those closes. The Oak Ridge Lux page was not reopened on this pass.
newsroom.amd.comUpdated Nov 8, 2026
Analysis · 3 min read · Sep 18, 2026The long view on AMD: strategy, technology and what to watch02
Q3-Q4 2026
Lisa Su said at Advancing AI 2026 that Helios is in full production, with shipments starting at the end of Q3 and ramping through Q4. Q3 guidance of about $13 billion is the first earnings print that can show whether rack-scale revenue is real. Watch named customer deliveries versus reference-design status.
Q3 2026
OCI is contracted as the first hyperscaler to offer a public MI450 Helios supercluster, 50,000 GPUs starting in calendar Q3 2026 and expanding in 2027. That is the most specific public GPU count attached to Helios.
Calendar Q3 2026
H2 2026
Meta's first gigawatt is a custom GPU based on MI450, shipped in Helios, with Meta also leading on EPYC Venice. AMD said in Q1 2026 that shipments were on track for the second half. Meta is already testing Helios racks.
H2 2026
The August 6, 2026 definitive agreement to buy inference-chip startup Taalas is still subject to customary closing conditions and regulatory approvals. AMD plans to integrate the dataflow technology with Instinct GPUs.
2026
TargetSecond half of 2026
Q4 2026
OpenAI has a binding commitment for the first 1 GW of MI450-series GPUs, the first tranche of a 6 GW multi-generation deal. At AAI 2026 it said Helios would come online through deployment partners beginning in Q4 2026, accelerating through 2027. The first warrant tranche vests with that 1 GW delivery.
Nov 2026
On August 4 AMD guided Q3 revenue to about $13 billion, plus or minus $300 million (~41% YoY, ~13% QoQ) and non-GAAP gross margin of about 56%. Consensus around the print (Zacks estimates November 3, 2026) will be the first look at whether Helios is in the numbers.
Nov 2026
2026
H1 2027
Anthropic will deploy up to 2 GW of MI450-series GPUs in Helios, with the first gigawatt beginning in H1 2027. AMD's up-to-$5 billion equity investment is tied to that compute partnership. Watch whether the first GW date holds as Anthropic's other Nvidia, Google and Amazon capacity comes online.
2027
AMD's public roadmap puts MI500-series GPUs in 2027, paired with EPYC Verano CPUs and Pensando Como/Monza networking in Helios 500. OpenAI has already said it is looking at MI500. MI600 / Helios 600 is dated 2028.
H2 2027
Europe's next LUMI system, a 387.8 million euro EuroHPC machine in Kajaani, is scheduled for H2 2027 on Instinct MI430X and 256-core 6th Gen EPYC, aiming for 10x the AI capacity of today's LUMI.
Oct 2026
Lux at Oak Ridge, on Instinct MI355X, EPYC and Pensando, is expected to be the first operational Genesis Mission platform, with an expected start in October 2026. Discovery, on MI430X and 6th Gen EPYC, follows as the longer-term flagship.
Nov 3, 2026
TargetNovember 3, 2026 after the close, call 5 p.m. ET
03
AMD said on Nov. 3 that revenue for the quarter ended Sept. 26, 2026 was $13.377 billion, up 45 percent. GAAP net income was $2.428 billion, or $1.46 a share, and non-GAAP earnings were $2.09 a share. Data Center revenue was $8.546 billion, up 97 percent. Fourth-quarter revenue is guided to about $17 billion, plus or minus 3 percent, with non-GAAP gross margin of about 55 percent. Reuters reported that Lisa Su told analysts she expects 2027 revenue to rise more than 80 percent. The release does not give a Helios GPU count.
AMD said on Oct. 27 that it will invest $1 billion in Meta's equity offering, that Helios racks are running at Meta, and that the initial systems are installed and being tested ahead of a broader deployment. AMD also said EPYC processors support Meta's Muse agent and that Meta will deploy a custom Instinct GPU based on the MI450 architecture. The release does not say the share purchase has closed or name a price, and an Oct. 12 AMD recap had already said Helios systems were installed at Meta.
Meta said on Oct. 26, 2026 that it launched underwritten offerings of about $35 billion: 250 million Series A depositary shares, each a one-twentieth interest in mandatory convertible preferred stock and sized at about $12.5 billion, plus $22.5 billion of Class A shares sold through forward agreements with Morgan Stanley Capital Services and Goldman Sachs. Meta said it expects no cash from the common-stock sale until the forwards settle on or before Nov. 19, 2027, and the preferred dividend and conversion terms are still unset. A further $60 billion Class C at-the-market program has no agreement yet, and Nvidia, AMD and Broadcom have a non-binding interest in up to $5 billion of the Class A shares combined.
AMD said on Oct. 12 at the Open Compute Project summit that it introduced Helion, an open rack blueprint for agentic AI. A CPU-only configuration uses 6th Gen EPYC processors and can hold up to 32,768 cores, and an all-in-one configuration adds Instinct MI350P GPUs. AMD said partner systems are still in development and planned for November 2026, and that it intends to contribute the specification to OCP. This is a reference design, not a reported shipment.
NVIDIA said on Oct. 8, 2026 it will commit $1 billion over five years to U.S. super-intelligence research, including university compute, quantum work, and cloud providers serving government missions, at the White House Science: A New Golden Age event. The White House listed that pledge inside a $2.4 billion industry pool that also names AMD ($500 million), OpenAI ($200 million), Anthropic and Google ($150 million each), and AWS ($50 million). NVIDIA did not split the $1 billion among those uses, and the figure is a multi-year commitment rather than a booked payment.
nvidianews.nvidia.com www.whitehouse.gov + Nvidia+ OpenAI+ Anthropic+ Alphabet+ Amazon
AMD said on September 28 it signed a definitive all-stock agreement to acquire San Francisco world-model lab World Labs, led by Fei-Fei Li, for about $8.2 billion. After close, Li is to join AMD as executive vice president and chief scientist reporting to CEO Lisa Su, and the World Labs team is to keep working on spatial-intelligence models. The deal is expected to close by the end of 2026, subject to regulatory approvals; World Labs is untracked here.
AMD said on September 24 that Perplexity's Portable Computer local agent software now runs on Windows PCs powered by AMD Ryzen AI Max Series processors, including the Ryzen AI Halo developer platform. Perplexity, an untracked software partner, said local inference does not consume Computer credits and is available to Pro and Max subscribers. Jon Peddie Research reported a 24 GB GPU-accessible memory requirement and that neither company published performance figures for the Ryzen AI Max configuration.
TSMC is on track to reach 180,000 3nm wafers per month by early Q4 2026, two to three months ahead of its prior schedule, on strong demand from customers including Nvidia, AMD and Broadcom, according to an early-August 2026 TrendForce report. The company also expects 2nm capacity to reach 100,000 wafers a month by year end, building on the record $60-64 billion 2026 capital spending guidance it raised in July.
AMD and Anthropic announced on July 22 a strategic partnership under which Anthropic will deploy up to 2 gigawatts of AMD Instinct MI450 Series GPUs, with AMD committing a strategic equity investment of up to $5 billion in the AI developer. Deployment of the first gigawatt is set to begin in the first half of 2027, using AMD Helios rack-scale systems built on Instinct MI455X GPUs, EPYC Venice CPUs and Pensando networking. The agreement, which covers tens of billions of dollars of chips, broadens Anthropic's compute stack to four suppliers alongside Nvidia, Google TPUs and Amazon Trainium as it scales Claude ahead of a possible fall IPO.
04
AMD's first rack-scale AI system: 72 Instinct MI455X GPUs in 18 Open Rack Wide compute trays, 18 6th Gen EPYC Venice CPUs, Pensando Vulcano 800 AI NICs, UALink-over-Ethernet scale-up and Ethernet scale-out, running ROCm. A rack is specified at up to 2.9 exaflops FP4, 1.4 exaflops FP8, 31 TB of HBM4 and 1.7 PB/s of memory bandwidth. AMD claims up to 30% more inference tokens per dollar, 15% more peak FP4, and 50% more HBM than Nvidia's Vera Rubin NVL72.
AMD's data-center GPU line. MI350-series (CDNA 4), led by MI355X (288 GB HBM3E, 8 TB/s, up to 10.1 PFLOPS MXFP4, 1,400 W TBP), is the generation shipping into 2026 and the volume driver of Instinct revenue. MI400-series (CDNA 5), launched July 23, 2026, splits into MI455X for frontier AI and AI factories (432 GB HBM4, 23.3 TB/s, up to 40 PFLOPS FP4, 320 billion transistors) and MI430X for HPC and sovereign AI (up to 288 TFLOPS FP64). ROCm and ROCm.ai are the software stack.
6th Generation EPYC 9006-series server CPUs on Zen 6, launched at Advancing AI 2026 as the host CPU for Helios and as a general-purpose and agentic-AI server line. Top SKU EPYC 9996 is specified at 256 cores / 512 threads. AMD positions them as the densest x86 CPU for agentic workloads and the CPU that keeps Instinct GPUs fed. Meta is a lead customer; Azure is adding Venice-powered HDv2 and HXv2 VM series.
AMD's client CPU and APU brand, from desktop AM5 chips through Ryzen AI notebooks and Ryzen AI Halo agentic PCs. Client revenue was a record $10.6 billion in 2025 and $3.1 billion in Q2 2026. Recent additions include Ryzen AI PRO 400 Series, Ryzen AI Halo developer systems, 3D V-Cache on Ryzen PRO workstations, and a commitment to support Socket AM5 through 2029.
RDNA 4 desktop GPUs launched in 2025 as RX 9070 XT ($599 SEP) and RX 9070 ($549 SEP), later joined by RX 9070 GRE and RX 9060 XT. FY2025 gaming revenue was $3.9 billion, but Q2 2026 gaming fell to $779 million (-31% YoY) on lower semi-custom console SoC sales and higher board prices that Lisa Su said weighed on demand.
Open rack blueprint for agentic AI, separate from Helios. A CPU-only configuration uses 6th Gen EPYC processors and can hold up to 32,768 Zen 6 cores. An enterprise configuration adds up to 16 Instinct MI350P GPUs as two independent eight-GPU nodes, with up to 102 Tbps of networking. AMD said on 12 October 2026 that partner configurations are under development and planned for November 2026, and that it plans to contribute the specification to OCP. The OCP specification was not found published, and no Helion system was reported shipped.
05
(Q3 2026, ended Sept. 26, 2026, +45% YoY); Q4 guided to about $17 billion, plus or minus 3%
Up to 6 GW OpenAI + up to 6 GW Meta + up to 2 GW Anthropic, plus Oracle's 50,000-GPU Helios cluster and HUMAIN's path to 1 GW by 2030
Up to 160 million shares each at $0.01, vesting on GPU-purchase and stock-price milestones (final OpenAI tranche tied to $600/share)
Approximately 31,000 in the global workforce as of Dec 27, 2025 (FY2025 10-K; later 10-Qs do not disclose a newer headcount)
share count unknown, 10-day Nasdaq VWAP ending 2nd trading day before close
No named customer-available 50,000-GPU cluster or named volume shipment as of 2 Oct 2026
No named customer-available 50,000-GPU cluster as of 9 Oct 2026; Su said shipments started
Up to 32,768 Zen 6 cores, up to 16 MI350P, up to 102 Tbps; partner systems planned November 2026
Initial systems at OpenAI, Meta, Microsoft and Oracle, AMD OCP recap 12 Oct 2026
06
Operating status
Q3 2026 reported; 2027 outlook in prepared remarks
Prepared remarks for the Nov. 3, 2026 call say AMD started shipping MI455X in volume during the quarter and that Anthropic, Meta, Microsoft, OpenAI and Oracle brought first Helios racks online. Deployments are expected to increase substantially in the fourth quarter. There is no GPU count and no separate rack-revenue figure. The remarks do not say the Oracle 50,000-GPU public cluster is customer-available. AMD expects 2027 revenue to grow more than 80 percent, server revenue to double, and Data Center to be more than 80 percent of 2027 revenue. Taalas and World Labs are expected to close by year-end and were not described as closed. Fourth-quarter diluted share count is expected at about 1.67 billion, including the estimated impact of those closes. Q3 GAAP revenue remains $13.377 billion and diluted EPS $1.46. Q4 revenue guidance remains about $17 billion, plus or minus 3 percent.
Data Center (Instinct, EPYC, networking, FPGAs)
AI accelerators, server CPUs, DPUs/AI NICs, and adaptive SoCs for hyperscalers, AI clouds, enterprises and HPC. $16.635B in FY2025 (+32%) and $6.718B in Q2 2026 (+107%), now 58% of company revenue.
Desktop and notebook CPUs and APUs, including Ryzen AI and Ryzen AI Halo agentic-PC platforms. Client revenue was $10.640B in FY2025 (+51%) and $3.062B in Q2 2026 (+23%).
Gaming (Radeon and semi-custom SoCs)
Radeon RX discrete GPUs and semi-custom console SoCs (PlayStation, Xbox). Gaming was $3.910B in FY2025 (+51%) but $779 million in Q2 2026, down 31% YoY on lower semi-custom revenue and higher graphics-card prices.
Embedded (Versal, Kria, Ryzen Embedded)
Adaptive SoCs, FPGAs, SOMs and embedded x86 for industrial, automotive, communications, aerospace and defense, and physical AI. Embedded was $3.454B in FY2025 (-3%) and $977 million in Q2 2026 (+19%).
07
How past announced dates turned out.
5/5announced dates hit on time
Report Q3 2026 results after the close on November 3
Target November 3, 2026 after the close, call 5 p.m. ET · Resolved Nov 3, 2026
AMD reported Q3 revenue of $13.377 billion on Nov. 3, 2026, above the about $13 billion plus or minus $300 million guide. The release does not separate Helios rack revenue.
Put Helios into production in 2026
Target 2026 · Resolved Jul 23, 2026
AMD declared Helios in full production at Advancing AI 2026 on July 23, 2026, and launched the MI400 series the same day. Volume customer shipments were still described as late Q3 into Q4 2026.
Announce a multi-gigawatt OpenAI GPU deal
Target 2025 · Resolved Oct 6, 2025
OpenAI signed a 6 GW multi-generation Instinct deal on October 6, 2025, with a binding first 1 GW of MI450 in H2 2026 and a warrant for up to 160 million AMD shares. Hardware delivery is a separate upcoming milestone.
Close the Xilinx acquisition
Target 2022 · Resolved Feb 14, 2022
The all-stock Xilinx deal closed in February 2022 at an estimated $50 billion, adding FPGAs and adaptive SoCs that now sit in the Embedded segment and in Kria physical-AI products.
Launch Ryzen on Zen and restore x86 competitiveness
Target 2017 · Resolved Mar 2, 2017
First-generation Ryzen shipped in March 2017 and began a multi-year recovery of desktop and later server share against Intel, the foundation of today's EPYC and Ryzen businesses.
08
2026
Gives a 2027 outlook and says first Helios racks are online
In Nov. 3, 2026 prepared remarks, Lisa Su said AMD started shipping MI455X in volume in the quarter and that Anthropic, Meta, Microsoft, OpenAI and Oracle brought their first Helios racks online. She expects Helios deployments to increase substantially in the fourth quarter. She expects 2027 revenue to grow more than 80 percent and Data Center to be more than 80 percent of 2027 revenue. Server revenue is expected to double in 2027. Both the Taalas and World Labs acquisitions are expected to close by the end of the year. The remarks give no GPU shipment count and no separate rack revenue, and they do not say Oracle's 50,000-GPU public cluster is customer-available.
Reports Q3 revenue of $13.377 billion
On Nov. 3, 2026 AMD reported revenue of $13,377 million for the quarter ended Sept. 26, up 45 percent. GAAP net income was $2,428 million and diluted EPS was $1.46. Non-GAAP net income was $3,471 million and diluted EPS was $2.09. Data Center revenue was $8,546 million, up 97 percent. Client revenue was $2,949 million and gaming revenue was $773 million. Embedded revenue was $1,109 million. Fourth-quarter revenue is guided to about $17 billion, plus or minus 3 percent, with non-GAAP gross margin of about 55 percent. Cash and short-term investments were $15,776 million and free cash flow was $554 million. The release says Anthropic, Meta, Microsoft, OpenAI and Oracle Cloud are running models on the first Helios racks and does not give a GPU count. Reuters reported that Lisa Su told analysts 2027 revenue should rise more than 80 percent. That sentence is not in the release.
Pairs Helios with Cerebras for disaggregated inference
On July 23, 2026 AMD and Cerebras announced a technical partnership. Helios is the high-throughput prompt engine and the Cerebras wafer-scale engine handles low-latency token generation. Cerebras plans to deploy Helios in its data centers, with the joint solution expected first through Cerebras Cloud in the second half of 2026. The up-to-5x tokens-per-second-per-watt figure is a modeled comparison with a Cerebras-only configuration, not a measured customer result.
Says it will invest $1 billion in Meta
On Oct. 27, 2026 AMD said it will invest $1 billion in Meta's equity offering. The release does not say the purchase has closed or name a share price. AMD said Helios racks are running at Meta and that the initial systems are installed and being tested ahead of a broader deployment. It said EPYC processors support the Muse agent and that Meta will deploy a custom Instinct GPU based on MI450. An Oct. 12 AMD recap had already said initial Helios systems were installed at Meta.
Indicates interest in Meta's stock sale
Meta said on Oct. 26, 2026 that AMD, Nvidia and Broadcom had indicated a non-binding interest in buying up to $5 billion of Class A shares in Meta's common-stock offering, in aggregate. Meta said any of them may buy more, fewer, or no shares.
OCP recap names initial Helios systems at four customers
AMD's 12 October 2026 OCP keynote recap says initial Helios systems are installed and running at OpenAI, Meta, Microsoft and Oracle. The sentence is in AMD's What It Means text. It gives no GPU count and does not say Oracle's 50,000-GPU public supercluster is customer-available. The same recap says Helion partner configurations are planned for November 2026 and that AMD plans to contribute the Helion architecture to OCP. Q3 results remain scheduled after the close on 3 November.
Introduces Helion agentic AI rack blueprint
On Oct. 12, 2026 AMD introduced Helion, an open rack blueprint for agentic AI based on an OCP design. A CPU-only version uses 6th Gen EPYC processors and can support up to 32,768 cores. An all-in-one version adds Instinct MI350P GPUs. AMD said partner configurations are in development and planned for November 2026, and that it will contribute the specification to OCP.
White House lists AMD at $500 million for Genesis Mission credits
A White House fact sheet dated 8 October 2026 listed AMD at $500 million among $2.4 billion of Genesis Mission Consortium compute credits and tools from eleven firms. NVIDIA's own release the same day was a $1 billion five-year US-science commitment. Neither document is a Helios rack receipt. AMD already has Lux as a Genesis platform expected to start in October 2026.
2026
Su says MI455 and Helios shipments have started
In Seoul on 7 October 2026, before a meeting with Samsung Vice Chair Jun Young-hyun, Lisa Su told reporters AMD had started shipping the next-generation MI455 and the Helios system, both using HBM4. The article does not name Oracle's 50,000-GPU public cluster as generally available and does not name an OpenAI, Microsoft or Meta rack receipt.
Agrees to acquire World Labs for about $8.2 billion
AMD announced a definitive all-stock agreement to acquire World Labs, a San Francisco lab led by Fei-Fei Li that builds spatial-intelligence models for generating, reconstructing and simulating 3D environments and for robotic learning. Li is to join AMD as executive vice president and chief scientist reporting to CEO Lisa Su. The transaction is valued at about $8.2 billion and is expected to close by the end of 2026, subject to regulatory approvals. World Labs is untracked in this catalog and is described only as the acquisition target.
Perplexity Portable Computer comes to Ryzen AI Max PCs
AMD and Perplexity said Portable Computer is available on supported Windows PCs powered by Ryzen AI Max Series processors, including the Ryzen AI Halo developer platform. Users can run local AI tasks and recurring workflows on-device without using Perplexity Computer credits for inference. Perplexity's own post listed Pro and Max subscribers, Windows 10 or 11, at least 24 GB of GPU-accessible memory, and PPLX 27B / Qwen 27B models. This is client software on existing Ryzen AI Max hardware, not a Helios or Instinct shipment.
First $1 trillion market capitalization
On 21 September 2026 AMD closed at $615.52 after a 9.95% gain, taking market value through $1 trillion for the first time and becoming the fourth U.S. chipmaker to do so after Nvidia, Broadcom and Micron. Reuters had the stock up 9.6% at $613.31 during the session; CNBC cited an intraday high of $615.52. The shares closed 23 September at $614.61; stockanalysis still showed a $1.00 trillion cap on about 1.63 billion shares. Helios customer shipments, Oracle's planned 50,000-GPU public cluster, and OpenAI/Meta warrant vesting remain the tests of whether the valuation holds.
Wins Europe's LUMI-AI supercomputer on MI430X
EuroHPC JU signs Bull to deliver LUMI-AI in Kajaani, Finland, in H2 2027 on Instinct MI430X GPUs and 256-core 6th Gen EPYC CPUs. The 387.8 million euro system is expected to deliver 10x the AI capacity of the current LUMI machine.
HUMAIN MI355X cluster goes live in Saudi Arabia
On August 31, 2026, AMD, Cisco and HUMAIN say Instinct MI355X systems with EPYC CPUs and Cisco Silicon One networking are in production in the Kingdom. The JV still targets up to 250 MW of MI400-series infrastructure from 2027 and up to 1 GW by 2030.
Agrees to acquire Taalas for inference silicon
On August 6, 2026, AMD announces a definitive agreement to buy Toronto-based Taalas, a 2023-founded inference-chip startup, to fold specialized inference dataflow hardware into Instinct and Helios. The deal is subject to customary closing conditions.
Q2 record $11.5 billion; Data Center more than doubles
On August 4, 2026, AMD reports Q2 revenue of $11.536 billion (+50% YoY), GAAP EPS $1.38 and non-GAAP EPS $1.66. Data Center is $6.718 billion (+107%) and 58% of revenue. Client is $3.062 billion (+23%); gaming $779 million (-31%). Q3 is guided to about $13 billion, plus or minus $300 million, with non-GAAP gross margin about 56%.
Advancing AI 2026: Helios and MI400 Series launch
On July 23, 2026, AMD puts Helios in full production and launches Instinct MI400-series GPUs (MI455X for frontier AI, MI430X for HPC and sovereign AI), 6th Gen EPYC Venice CPUs, ROCm.ai, Ryzen AI Embedded X100 and the Kria AI robotics platform. Helios is claimed to deliver up to 30% more inference tokens per dollar than Nvidia's Vera Rubin NVL72. OpenAI says it expects to bring Helios online in Q4 2026.
Anthropic deal: up to 2 GW of MI450 and up to $5 billion AMD equity
On July 22, 2026, AMD and Anthropic agree that Anthropic will deploy up to 2 gigawatts of Instinct MI450-series GPUs in Helios racks, with the first gigawatt beginning in H1 2027, building on existing MI355X use. AMD commits to a strategic equity investment of up to $5 billion in Anthropic, and the companies will use Claude to optimize ROCm while AMD adopts Claude internally.
Q1 revenue $10.3 billion as Data Center becomes the growth engine
On May 5, 2026, AMD reports Q1 revenue of $10.253 billion (+38% YoY). Data Center is $5.775 billion (+57%). Lisa Su says customer forecasts for MI450 and Helios exceed initial plans. Q2 is guided to about $11.2 billion.
Meta commits to up to 6 GW, including a custom MI450 GPU
On February 24, 2026, AMD and Meta announce plans to deploy up to 6 gigawatts of Instinct GPUs, with the first 1 GW powered by a custom MI450-based GPU. Meta is also a lead customer for 6th Gen EPYC Venice and Verano. AMD's later 10-Q says it issued Meta a warrant for up to 160 million shares on the same $0.01, milestone-vesting structure as OpenAI.
Record FY2025: $34.6 billion revenue, +34%
On February 3, 2026, AMD reports 2025 revenue of $34.639 billion, GAAP net income of $4.335 billion and non-GAAP EPS of $4.17. Data Center is $16.6 billion (+32%), Client and Gaming $14.6 billion (+51%). Results include about $440 million of MI308 China export-control inventory charges.
2025
Oracle to launch a 50,000-GPU MI450 supercluster
On October 14, 2025, Oracle and AMD say OCI will be the first hyperscaler to offer a public AI supercluster on Helios, with an initial 50,000 Instinct MI450-series GPUs starting in calendar Q3 2026 and expanding in 2027.
OpenAI commits to 6 GW of AMD GPUs
On October 6, 2025, AMD and OpenAI announce a multi-year, multi-generation deal for 6 gigawatts of Instinct GPUs, with the first 1 GW of MI450 series starting in H2 2026. AMD issues OpenAI a warrant for up to 160 million shares at $0.01, vesting on purchase and stock-price milestones up to $600 a share. CFO Jean Hu says the partnership is expected to deliver tens of billions of dollars in revenue.
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