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Tom’s Hardware
Tom’s Hardware
Technology
Anton Shilov

AMD posts record $7.685 billion revenue despite massive inventory charge — $800 million MI308 write-off not enough to stop biggest ever quarter

AMD Instinct chips.

AMD on Tuesday published its financial results for the second quarter of its fiscal 2025, posting revenue of $7.685 billion, which is its highest quarterly revenue ever. The company's results were driven by a significant uptick in client CPU sales and strong sales of its data center processors. But at the same time, the company's results were partially offset by the $800 million hit from Instinct MI308 GPU export restrictions to China.

AMD's revenue for Q2 FY2025 reached $7.685 billion, marking a 32% year-over-year (YoY) and 3% quarter-over-quarter (QoQ) increase. The company's net income totaled $872 million, up 229% compared to the same quarter a year ago, and 23% sequentially. However, as a consequence of the $800 million writeoff, AMD's gross margin dropped to 40%, down from 49% YoY and from 50% QoQ.

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