AMD vs Intel Overview
The classic CPU rivalry with shifting dynamics: AMD has captured significant market share through superior chip design and TSMC manufacturing, while Intel struggles with its foundry transformation.
| Metric | AMD (AMD) | Intel (INTC) |
|---|---|---|
| Sector | Semiconductors | Semiconductors |
| Market Cap | $175B | $95B |
| Revenue | $25.8B | $54.2B |
| Net Income | $1.6B | -$1.6B |
How Does AMD Make Money?
AMD (AMD) operates in the Semiconductors sector with a market cap of $175B. For a full breakdown of AMD’s revenue sources, see the AMD revenue breakdown.
AMD Revenue Breakdown
| Segment | FY2024 | FY2023 | YoY Growth |
|---|---|---|---|
| Data Center | $12.6B | $6.5B | +93.8% |
| Client | $6.9B | $4.7B | +46.8% |
| Gaming | $2.6B | $6.2B | -58.1% |
| Embedded | $3.7B | $5.3B | -30.2% |
| Total Revenue | $25.8B | $22.7B | +13.7% |
How Does Intel Make Money?
Intel (INTC) operates in the Semiconductors sector with a market cap of $95B. For a full breakdown of Intel’s revenue sources, see the Intel revenue breakdown.
Intel Revenue Breakdown
| Segment | FY2024 | FY2023 | YoY Growth |
|---|---|---|---|
| Client Computing Group | $29.3B | $29.3B | +0.0% |
| Data Center & AI | $12.8B | $15.5B | -17.4% |
| Network & Edge | $5.8B | $5.8B | +0.0% |
| Mobileye | $1.8B | $2.1B | -14.3% |
| Intel Foundry Services | $4.5B | $1.9B | +136.8% |
| Total Revenue | $54.2B | $54.2B | +0.0% |
AMD vs Intel Profitability
AMD: Yes, AMD is profitable. The company reported net income of $1.6B on total revenue of $25.8B. With an operating margin of 10.2%, AMD trades some margin for market share gains while investing heavily in AI.
Intel: No, Intel is currently unprofitable. The company reported a net loss of $1.6B on total revenue of $54.2B. Intel faces structural challenges as it transforms into a foundry business.
Key Financial Metrics Comparison
AMD Key Metrics
- Gross Margin: 50.1% — Fabless model enables strong margins.
- Operating Margin: 10.2% — Lower due to Xilinx amortization.
- Data Center Growth: +94% — MI300 AI accelerators driving growth.
- CPU Market Share: 35% — Steady gains against Intel.
Intel Key Metrics
- Gross Margin: 41.8% — Impacted by manufacturing inefficiencies.
- Operating Margin: -1.4% — Currently operating at a loss.
- Foundry Capex: $25B+ — Massive investment in manufacturing.
- CPU Market Share: 65% — Still dominant but losing ground.
Which Company is a Better Investment?
AMD offers momentum in data center and AI with a capital-light fabless model. Intel is a higher-risk bet on foundry transformation with significant execution challenges. Consider AMD’s premium valuation vs. Intel’s asset value and turnaround potential. Review the full AMD revenue breakdown and Intel revenue breakdown for detailed analysis.
Disclaimer: This comparison is for informational purposes only and does not constitute investment advice.