Compare · AMD and INTC
AMD vs. Intel
Revenue, growth, margins, cash flow and cash returned, side by side from each company's latest annual report.
Long-time rivals in PC and server processors with different manufacturing models. AMD designs chips and leaves production to outside foundries; Intel runs its own fabs through Intel Foundry and makes chips for other companies too. Below are the figures each one reported in its latest annual report (Form 10-K), side by side, with links to the filing behind every number. Both fiscal years end in December, so the periods line up. Why fiscal years differ.
Comparing AMD fiscal 2025 (ended Dec 27, 2025) with Intel fiscal 2025 (ended Dec 27, 2025)
AMDIntel
Each pair of bars shows both companies on one scale.
Revenue and growth
| Company | Prior year | Latest year | Change |
|---|---|---|---|
| AMD (FY2024 to FY2025) | $25.8B | $34.6B | +34.3% |
| Intel (FY2024 to FY2025) | $53.1B | $52.9B | −0.5% |
AMD reports net revenue: sales of processors, graphics chips, adaptive chips and related products. Intel reports net revenue: sales of processors, chipsets and other semiconductor products and services to outside customers.
Margins
| Company | Revenue | Operating income | Operating margin | Net income | Net margin |
|---|---|---|---|---|---|
| AMD FY2025 | $34.6B | $3.7B | 10.7% | $4.3B | 12.5% |
| Intel FY2025 | $52.9B | −$2.2B | −4.2% | −$267M | −0.5% |
Margin is the profit line divided by revenue, worked out by Ticker Sage from the linked figures. What profit margins measure.
Cash flow and cash returned
| Company | Cash from operations | Capital spending | Free cash flow | Buybacks | Dividends paid |
|---|---|---|---|---|---|
| AMD FY2025 | $7.7B | $974M | $6.7B | $1.3B | – |
| Intel FY2025 | $9.7B | $14.6B | −$4.9B | – | $0 |
Capital spending is property and equipment for both companies, as each company labels it in the cash flow statement. Free cash flow isn't a GAAP line; Ticker Sage works it out the same way for both. A dash means the company's filing data has no figure for that line. How free cash flow works · How buybacks work · How dividends work.
How each one makes money
AMD
AMD reports three segments. Data Center covers EPYC server processors, Instinct GPUs used for AI, and related networking and adaptive chips. Client and Gaming covers Ryzen PC processors, Radeon graphics cards and the custom chips inside game consoles. Embedded covers chips for industrial, auto, communications and other equipment, largely from its Xilinx purchase.
AMD doesn't own fabs. Its fiscal year ends on the last Saturday of December.
Intel
Intel's product groups design chips: Client Computing for PC processors and Data Center and AI for Xeon server processors and AI chips. Intel Foundry runs its fabs and develops manufacturing technology, making chips for Intel's own products and, increasingly, for other companies. All other includes Mobileye (driver-assistance chips) and other smaller units.
In 2026 the PC group was renamed Client Computing and Physical AI Group. Intel's fiscal year ends on the last Saturday of December.
Main risks each one lists
AMD
- It faces strong rivals in every market, including Intel and Nvidia, and customers that design their own chips.
- Late or uncompetitive products, or poor manufacturing yields, could cost it sales.
- It depends on outside foundries, especially TSMC, and on other suppliers for materials and assembly.
- The chip industry is cyclical, and losing a large customer, such as a console maker, would hurt.
- US export rules and tariffs can restrict sales, especially to China.
Intel
- Rivals in PCs, servers and AI chips, and customers' own chip designs, can take share.
- Building a foundry for outside customers is costly and new to Intel; it may pause future process work without external demand.
- Delays in new process technology, and reliance on outside foundries for some products, affect costs and timing.
- Government incentives come with conditions, and partner financing deals give up some returns.
- The US government's equity stake could dilute shareholders, influence governance and affect business outside the US.
How they differ
- Size. Intel reported $52.9B of revenue for fiscal 2025, and AMD $34.6B for fiscal 2025.
- Growth. AMD's revenue grew 34.3% in its latest year and Intel's fell 0.5%.
- Margins. Intel had a net loss equal to 0.5% of revenue and AMD kept 12.5% of revenue as net income.
- Manufacturing. Intel Foundry runs Intel's fabs and makes chips for outside customers as well. AMD doesn't own fabs.
- Other businesses. Intel's other units include Mobileye, which makes driver-assistance chips. AMD's Embedded segment, largely from its Xilinx purchase, sells chips for industrial, auto and communications equipment.
Differences in size, growth or margin describe the past year only. None of this says which business will do better.
Sources
AMD company file → · Intel company file →
Common questions
Which is bigger by revenue, Intel or AMD?
Intel reported $52.9B of revenue for fiscal 2025 and AMD $34.6B for fiscal 2025.
Which one owns chip factories?
Intel. Its Intel Foundry group runs its fabs. AMD doesn't own fabs and relies on outside foundries, especially TSMC.
How do their profit margins compare?
In the latest fiscal year Intel's net margin was −0.5% and AMD's was 12.5%, worked out from the net income and revenue in each 10-K.
Where do these numbers come from?
From each company's latest Form 10-K filed with the SEC. Every figure on this page links to the filing it came from.
Disclosures
- Editor holdings
- The editor holds no position in any company named on this page. As of Oct 25, 2026.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- Each company's own SEC filings, linked next to each number.
- Last updated
- Oct 26, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold any security, and it doesn't consider your situation.
More in Learn · Methodology & Disclosures explains where every number comes from.