ADVANCED MICRO DEVICES INC FY 2025 10-K, explained in plain English

Key financials — as reported

Total revenue	$34.6B
Gross margin	49.5%
Operating income	$3.7B
Net income	$4.3B
Diluted EPS	$2.65
Cash & equivalents	$5.5B
Total assets	$76.9B
Long-term debt	$2.3B

Key takeaway

AMD reported $34.6 billion in fiscal 2025 revenue with a 49.5% gross margin, resulting in $3.69 billion operating income and $4.34 billion net income.

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Beneath the surface

Net cash position is strong: $5.54 billion cash against ~$3.25 billion total debt implies AMD is in a net cash position of roughly $2.3 billion, better than headline long-term debt alone suggests.

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