How Advanced Micro Devices makes money

Period

FY2025

How does Advanced Micro Devices make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Advanced Micro Devices Inc. · FY2025 · year ended 2025-12-27

Revenue$34.6BGross profit$17.2B · 50%Cost of revenue$17.5B · 50%Operating income$3.7B · 11%Operating expenses$13.5B · 39%R&D$8.1B · 23%SG&A$4.1B · 12%Other opex$1.2B · 4%Pre-tax income$4.3B · 13%Other income$641M · 2%Net income$4.3B · 13%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.