AMD：2026年Q1约有1亿美元MI308产品销往中国

半导体产业纵横02-04

公众号记得加星标⭐️，第一时间推送不会错过。2025年Q4 AMD数据中心收入猛增近40%至54亿美元，创下公司史上单季最高记录。当地时间2月3日，AMD公司公布2025年第四季度及全年财务报告。AMD 2025年第四季度营收103亿美元创纪录，同比增长34%；毛利率达54%，上年同期为51%；营业利润18亿美元，同比增长101%；净利润15亿美元，同比增长213%；摊薄后每股收益0.92美元。...

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MI308芯片在中国的销售收入约为3.9亿美元。2025年全年，AMD实现创纪录的346亿美元营收，同比增长34%；毛利率50%，上年同期为49%；营业利润37亿美元，同比增长94%；净利润43亿美元，同比增长164%；摊薄后每股收益2.65美元。分业务部门来看，数据中心部门四季度收入达到创纪录的54亿美元，同比增长39%。2025年全年，数据中心部门收入达到创纪录的166亿美元，同比增长32%。客户端和游戏部门收入为39亿美元，同比增长37%。其中，客户业务收入达到创纪录的31亿美元，同比增长34%；游戏业务收入为8.43亿美元，同比增长50%。2025年全年，客户端和游戏部门收入达到创纪录的146亿美元，同比增长51%。其中，客户业务收入达到创纪录的106亿美元，同比增长51%；游戏业务收入为39亿美元，同比增长51%。四季度，由于多个终端市场的需求增强，嵌入式细分市场收入为9.5亿美元，同比增长3%。2025年全年，嵌入式部门收入为35亿美元，同比下降3%。另外，公司四季度研发支出23.3亿美元，分析师预期约21.6亿美元。资本支出为2.22亿美元，略低于分析师预期的2.314亿美元。业绩展望方面，AMD表示2026年第一季度销售额预计约为98亿美元，上下浮动3亿美元。数据显示，分析师平均预期为93.9亿美元，部分机构预测甚至突破100亿美元。业绩公布后，AMD股价在盘后交易中下跌超5%。截至周二收盘，该股今年以来累计上涨13%。AMD执行副总裁、首席财务官兼财务主管胡洁表示，创纪录的第四季度及全年业绩充分彰显了AMD在规模化实现盈利性增长方面的能力。“我们在提升战略投资力度以支持高性能与自适应计算产品组合长期发展的同时，实现了非美国通用会计准则下营业利润和自由现金流的双双创历史新高。”AMD预计2026年第一季度约有1亿美元的MI308产品销往中国，没有预测来自中国的任何其他额外收入，因为目前的情况非常不稳定。AMD董事会主席兼CEO苏姿丰博士在财报电话会议中透露，AMD已提交MI325的授权申请，并正在继续与客户合作。她还谈道，基于EPYC和Instinct路线图，AMD有信心在未来3-5年内实现数据中心业务收入每年增长超过60%，并在2027年将AI业务的年收入提升至数百亿美元。AMD MI450 GPU系列AI芯片的量产按计划于今年下半年启动。下一代MI500系列的开发工作正在顺利推进，该芯片将于2027年推出。MI500采用先进的2nm工艺、CDNA 6架构，并配备高速HBM4e内存，旨在为下一代大规模多模态模型提供动力。Valve正按计划推进其搭载AMD处理器的Steam Machine主机的出货工作，预计将于今年年初开始交付；采用AMD半定制SoC的微软下一代Xbox游戏机开发进展顺利，有望在2027年发布。针对内存市场现状的影响，苏姿丰也作出回答：2025年AMD客户端平均售价（ASP）和销量都实现了强劲增长，根据AMD目前观察到的情况，考虑到包括内存在内的大宗商品价格上涨带来的通胀压力，PC市场规模可能会略有下降，预计下半年市场表现将略低于上半年。“即使在PC市场低迷的情况下，我们仍然相信能够实现PC业务的增长。”苏姿丰说，AMD的重点领域是企业级市场，预计2026年将继续在高端市场保持增长。考虑到像HBM和晶圆这类供应链环节的交付周期，AMD正在与供应商密切合作，制定多年计划，预测市场需求，规划产能提升方案，并确保其研发工作紧密衔接。*声明：本文系原作者创作。文章内容系其个人观点，我方转载仅为分享与讨论，不代表我方赞成或认同，如有异议，请联系后台。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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