AMD (AMD) Q2 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, January 27, 2026 astatine 9:08 AM CST 47 min read

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Aug. 5, 2025 astatine 5 p.m. ET

• Chair and Chief Executive Officer — Dr. Lisa Su

• Executive Vice President, Chief Financial Officer, and Treasurer — Jean Hu

• Corporate Vice President, Investor Relations — Matthew Ramsay

Matthew Ramsay: Thank you, and invited to AMD's 2025 Second Quarter Financial Results Conference Call. By now, you should person had the accidental to reappraisal a transcript of our net property merchandise and the accompanying slides. If you person not had the accidental to reappraisal these materials, they tin beryllium recovered connected the Investor Relations leafage of amd.com. We volition notation chiefly to non-GAAP fiscal measures during today's call. The afloat non-GAAP to GAAP reconciliations are disposable successful today's property merchandise and slides posted connected our website. Participants successful today's league telephone are Dr. Lisa Su, our Chair and Chief Executive Officer; and Jean Hu, our Executive Vice President, Chief Financial Officer and Treasurer.

This is simply a unrecorded telephone and volition beryllium replayed via webcast connected our website. Before we begin, I would similar to enactment that Jean Hu, Executive Vice President, Chief Financial Officer and Treasurer, volition contiguous astatine Citi's 2025 Global TMT Conference connected Wednesday, September 3; and Forrest Norrod, Executive Vice President and General Manager of Data Center Solutions concern unit, volition contiguous astatine the Goldman Sachs Communacopia and Technology Conference connected Monday, September 8. Today's treatment contains forward-looking statements based connected our existent beliefs, assumptions and expectations, speaks lone arsenic of contiguous and arsenic such, impact risks and uncertainties that could origin existent results to disagree materially from our existent expectations.

Please notation to the cautionary connection successful our property merchandise for much accusation connected factors that could origin existent results to disagree materially. With that, I volition manus the telephone implicit to Lisa.

Lisa Su: Thank you, Matt, and bully day to each those listening today. We delivered precise beardown 2nd 4th results, with gross exceeding the midpoint of guidance arsenic higher EPYC and Ryzen processor income much than offset headwinds from export controls that impacted Instinct sales. We acceptable records for some EPYC and Ryzen CPU sales, reflecting the broad-based request for our differentiated high-performance information center, PC and embedded processors. Second 4th gross accrued 32% year-over-year to a grounds $7.7 billion, and we delivered implicit $1 cardinal successful escaped currency flow. Excluding the $800 cardinal inventory write-down related to information halfway AI export controls, gross borderline was 54%, marking our sixth consecutive 4th of year-over-year borderline enlargement led by a richer merchandise mix.