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Advanced Micro Devices vs Nvidia: revenue, profit, margins and growth compared

Advanced Micro Devices brought in $34.6B of revenue in fiscal 2025, Nvidia $215.9B in fiscal 2026. Revenue changed by +34.3% at Advanced Micro Devices and +65.5% at Nvidia on the year before, so Nvidia grew faster. Advanced Micro Devices kept 12.5% of its revenue as net profit, Nvidia 55.6%. Free cash flow was $6.7B at Advanced Micro Devices and $96.7B at Nvidia.

Side by side, latest fiscal year

AMDNVDA
Fiscal year endedFY2025 (December 27, 2025)FY2026 (January 25, 2026)
Revenue$34.6B$215.9B
Revenue growth+34.3%+65.5%
Net income$4.3B$120.1B
Net margin12.5%55.6%
Free cash flow$6.7B$96.7B
Free cash flow margin19.4%44.8%
Earnings per share (diluted)$2.65$4.90
Cash$5.5B$10.6B
Debt$3.2B$8.5B
Price to earnings238.045.9
Market value$1.03T$5.45T
Dividend yieldn/a0.02%
Rank by revenue in sector#22 of 530 · Technology#4 of 530 · Technology

Over the years

Revenue
AMD FY2018: $6.5BAMD FY2019: $6.7BAMD FY2020: $9.8BAMD FY2021: $16.4BAMD FY2022: $23.6BAMD FY2023: $22.7BAMD FY2024: $25.8BAMD FY2025: $34.6BNVDA FY2019: $11.7BNVDA FY2020: $10.9BNVDA FY2021: $16.7BNVDA FY2022: $26.9BNVDA FY2023: $27BNVDA FY2024: $60.9BNVDA FY2025: $130.5BNVDA FY2026: $215.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AMD $34.6BNVDA $215.9B
Net income
AMD FY2018: $337MAMD FY2019: $341MAMD FY2020: $2.5BAMD FY2021: $3.2BAMD FY2022: $1.3BAMD FY2023: $854MAMD FY2024: $1.6BAMD FY2025: $4.3BNVDA FY2019: $4.1BNVDA FY2020: $2.8BNVDA FY2021: $4.3BNVDA FY2022: $9.8BNVDA FY2023: $4.4BNVDA FY2024: $29.8BNVDA FY2025: $72.9BNVDA FY2026: $120.1BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AMD $4.3BNVDA $120.1B
Net margin
AMD FY2018: 5.2%AMD FY2019: 5.1%AMD FY2020: 25.5%AMD FY2021: 19.2%AMD FY2022: 5.6%AMD FY2023: 3.8%AMD FY2024: 6.4%AMD FY2025: 12.5%NVDA FY2019: 35.3%NVDA FY2020: 25.6%NVDA FY2021: 26.0%NVDA FY2022: 36.2%NVDA FY2023: 16.2%NVDA FY2024: 48.8%NVDA FY2025: 55.8%NVDA FY2026: 55.6%FY18FY19FY20FY21FY22FY23FY24FY25FY26
AMD 12.5%NVDA 55.6%
Revenue growth
AMD FY2019: +4.0%AMD FY2020: +45.0%AMD FY2021: +68.3%AMD FY2022: +43.6%AMD FY2023: -3.9%AMD FY2024: +13.7%AMD FY2025: +34.3%NVDA FY2020: -6.8%NVDA FY2021: +52.7%NVDA FY2022: +61.4%NVDA FY2023: +0.2%NVDA FY2024: +125.9%NVDA FY2025: +114.2%NVDA FY2026: +65.5%FY19FY20FY21FY22FY23FY24FY25FY26
AMD +34.3%NVDA +65.5%
Free cash flow
AMD FY2018: -$129MAMD FY2019: $276MAMD FY2020: $777MAMD FY2021: $3.2BAMD FY2022: $3.1BAMD FY2023: $1.1BAMD FY2024: $2.4BAMD FY2025: $6.7BNVDA FY2022: $8.1BNVDA FY2023: $3.8BNVDA FY2024: $27BNVDA FY2025: $60.9BNVDA FY2026: $96.7BFY18FY19FY20FY21FY22FY23FY24FY25FY26
AMD $6.7BNVDA $96.7B

Fiscal years as each company reports them; the two may end in different months.

Questions about Advanced Micro Devices and Nvidia

Which is bigger by revenue, Advanced Micro Devices or Nvidia?

Nvidia is bigger by revenue: $215.9B in fiscal 2026, against $34.6B for Advanced Micro Devices in fiscal 2025.

Which keeps more of its revenue as profit, Advanced Micro Devices or Nvidia?

Advanced Micro Devices had a net margin of 12.5% in fiscal 2025; Nvidia had 55.6% in fiscal 2026.

Which grew revenue faster, Advanced Micro Devices or Nvidia?

In their latest fiscal years revenue changed by +34.3% at Advanced Micro Devices and +65.5% at Nvidia.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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