Q3 2025 Quarterly Market Insights 2 - Flipbook - Page 8
Company Specific Updates
AMD
• AMD launched its Threadripper Pro 9000 WX series CPUs-codenamed “Shimada Peak” - featuring
up to 96 Zen 5 cores / 192 threads, alongside the Radeon AI PRO R9700 GPU, with the new hardware
becoming available from 23rd July.
• In its Q2 2025 results (announced in August), AMD reported record revenue of $7.7 billion, but was
impacted by ~$800 million in export-control inventory charges; still, it issued strong Q3 guidance of
$8.4-9.0 billion, exceeding analysts’ expectations.
• At the Axios AI+ Summit in September, CEO Lisa Su asserted that the AI boom is only in its early stage,
forecasting a “massive ten-year cycle” of infrastructure build and growth, and positioning AMD as a central
player in that expansion.
Analog Devices
• ADI reported Q3 2025 revenue of US$2.88 billion - a ~25 % year-on-year gain with operating cash flow of
US$4.2 billion and returned US$1.6 billion to shareholders in dividends and share repurchases.
• The company announced new solutions for 800 VDC data centre architectures, rolling out hot swap
controllers and first-stage power designs to enable next-generation AI rack power delivery.
• ADI gave a Q4 FY2025 outlook of ~US$3.00 billion in revenue (± US$100 million) with adjusted EPS
guidance at ~US$2.22 ± US$0.10, citing strength in industrial demand and margin recovery.
Broadcom
• Broadcom posted Q3 fiscal 2025 revenue of US$15.95 billion, up ~22% year-on-year, driven by 63% growth
in its AI semiconductor business to US$5.2 billion.
• The company launched the Tomahawk Ultra networking chip (5 nm) in July 2025, aimed at accelerating AI
data-centre scale-up by linking hundreds of chips efficiently, positioning Broadcom more directly against
Nvidia in high-performance networking.
• Broadcom secured over US$10 billion in custom AI chip (XPU) orders from an undisclosed hyperscale
customer widely believed to be OpenAI with production expected to begin in 2026.
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