AMD vs Intel — Operating Expenses Comparison

AMD (AMD) operating expenses was $13.5B in FY2025 (+24% YoY); Intel (INTC) operating expenses was $20.1B in FY2025 (-21% YoY). The tables below show the complete quarterly and annual operating expenses history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	AMD	Intel
2025	$13.5B	$20.1B
2024	$10.8B	$25.5B
2023	$10.1B	$22.0B
2022	$9.3B	$23.5B
2021	$4.3B	$21.7B
2020	$3.0B	$19.7B
2019	$2.2B	$19.7B
2018	$2.0B	$20.4B
2017	$1.7B	$21.0B
2016	$1.4B	$23.1B
2015	$1.6B	$20.3B
2014	$2.0B	$20.0B
2013	$1.9B	$19.0B
2012	$2.3B	$18.5B
2011	$2.6B	$16.3B
2010	$2.1B	$12.9B
2009	$1.6B	$13.8B
2008	$4.3B	$11.9B
2007	—	$11.7B

AMD — Annual Operating Expenses

Fiscal Year	Operating Expenses	YoY
2025	$13.5B	+24%
2024	$10.8B	+8%
2023	$10.1B	+8%
2022	$9.3B	+118%
2021	$4.3B	+44%
2020	$3.0B	+33%
2019	$2.2B	+12%
2018	$2.0B	+20%
2017	$1.7B	+21%
2016	$1.4B	-12%
2015	$1.6B	-22%
2014	$2.0B	+6%
2013	$1.9B	-18%
2012	$2.3B	-11%
2011	$2.6B	+22%
2010	$2.1B	+31%
2009	$1.6B	-62%
2008	$4.3B

Intel — Annual Operating Expenses

Fiscal Year	Operating Expenses	YoY
2025	$20.1B	-21%
2024	$25.5B	+16%
2023	$22.0B	-6%
2022	$23.5B	+8%
2021	$21.7B	+10%
2020	$19.7B	+0%
2019	$19.7B	-3%
2018	$20.4B	-3%
2017	$21.0B	-9%
2016	$23.1B	+14%
2015	$20.3B	+2%
2014	$20.0B	+5%
2013	$19.0B	+3%
2012	$18.5B	+14%
2011	$16.3B	+26%
2010	$12.9B	-7%
2009	$13.8B	+16%
2008	$11.9B	+2%
2007	$11.7B

Source: AMD on EDGAR · INTC on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.