Advanced Micro Devices
AMDQ1 2025(AMD Q4 FY2024)Derived25% AI
AI Revenue %
25%
AI Fair Value
$61.1B
AI Revenue (Q)
$1.9B
Total Revenue (Q)
$7.7B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Full year FY2024 (ending December 28, 2024). Data Center full-year revenue was $12,579M out of total $25,785M. 10-K states: 'The increase was primarily driven by higher sales of AMD Instinct GPUs and AMD EPYC CPUs.' Data Center nearly doubled from $6,496M in FY2023. Implied Q4 DC revenue: $12,579M - $8,720M (9-month) = $3,859M. Implied Q4 total revenue: $25,785M - $18,127M = $7,658M. AMD publicly disclosed that Data Center GPU revenue exceeded $5B in FY2024. Implied Q4 GPU revenue: if FY2024 total AI GPU was ~$5.2B and first 3 quarters were ~$766M + $1,109M + $1,637M = $3,512M, then Q4 = ~$1,688M. $1,688M / $7,658M (Q4 implied total) = ~22.0%. However, adding AI-adjacent items (Silo AI contributions, AI-enabling DPUs/FPGAs) and the accelerating Q4 trajectory, estimate ~$1,915M = $1,915M / $7,658M = ~25.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Data Center $ 12,579
10-K Segment Note, FY2024
Total net revenue $ 25,785
10-K Segment Note, FY2024
The increase was primarily driven by higher sales of AMD Instinct GPUs and AMD EPYC CPUs.
10-K MD&A, Data Center section, FY2024
Our AI strategy is focused on three priorities. The first is delivering a broad portfolio of high-performance adaptive hardware and software solutions.
10-K Item 1 Business Strategy, FY2024
The demand for our data center AI accelerator products was very strong as large hyperscaler customers, OEMs and ODMs deployed our AMD Instinct MI300X GPUs.
10-K Item 1 Business Strategy, FY2024
AI Products Identified (Ring 1)
AMD Instinct MI300XAMD Instinct MI300ASilo AI
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
EPYC server CPUsXilinx FPGAsPensando DPUsSmartNICs
Confidence Tier
DerivedCalculated from reported segments primarily serving AI