AMD vs Intel: five-year revenue growth and operating margins
AMD grew revenue 111% from FY2021 to FY2025 ($16.4B → $34.6B) while Intel's revenue contracted 33% ($79.0B → $52.9B). AMD's operating margin followed a U-shape, bottoming at 1.8% in FY2023 before recovering to 10.7% in FY2025; Intel's margin collapsed to -22.0% in FY2024 and only returned to breakeven (-0.04%) in FY2025. AMD clearly had stronger revenue growth and a more resilient margin trajectory over the five-year window, with FY2025 marking a notable inflection for both companies (AMD's best growth year, Intel's first near-stable year).