“As a result, we expect significant top-line and bottom-line growth in 2026, led by increased adoption of EPYC and Instinct, continued client share gains, and a return to growth in our Embedded segment.”

In context

“cro Devices, Inc. is well-positioned to capture that growth. With highly differentiated products, a proven execution engine, deep customer partnerships, and significant operational scale. And as AI reshapes the compute landscape, we have the breadth of solutions and partnerships required for end-to-end leadership. From Helios in the cloud for at-scale training and inference, to an expanded Instinct portfolio for sovereign supercomputing and enterprise AI deployment. At the same time, demand for EPYC CPUs is surging, as agentic and emerging AI workloads require high-performance CPUs to power head nodes and run parallel tasks alongside GPUs. And at the edge and in PCs where AI adoption is just beginning, our industry-leading Ryzen and embedded processors are powering real-time on-device AI. As a result, we expect significant top-line and bottom-line growth in 2026, led by increased adoption of EPYC and Instinct, continued client share gains, and a return to growth in our Embedded segment. Looking further ahead, we see a clear path to achieve the ambitious targets we laid out at our Financial Analyst Day last November, including growing revenue at greater than 35% CAGR over the next three to five years. Significantly expanding operating margins, and generating annual EPS of more than $20 in the strategic time frame driven by growth in all of our segments and the rapid scaling of our data center AI business. Lisa Su: Now I'll turn the call over to Jean to provide additional color on our fourth quarter results and full year results. Jean? Jean Hu: Thank you, Lisa, and good afternoon, everyone. I'll start with a review of our financial results and then provide our current outlook for 2026. Advanced Micro Devices, Inc. executed very well in 2025. Delivering record revenue of $3”