AMD, Intel's rating maintained at Citi after Q2 microprocessor market share data

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Citi maintained its Neutral ratings on Advanced Micro Devices (NASDAQ:AMD [https://seekingalpha.com/symbol/AMD]) and Intel (NASDAQ:INTC [https://seekingalpha.com/symbol/INTC]) following Microprocessor, or MPU, market share data for the second quarter of 2025.

Analyst Christopher Danely said that Mercury Research released estimates for the second quarter of 2025 MPU shipments and market share. Total second quarter MPU units were up 1.2% quarter-over-quarter, below the seasonality of up 1.9% quarter-over-quarter, driven by below-seasonal notebook and desktop Central Processing Unit, or CPU, shipments.

The analyst noted that Intel gained share over both AMD and Arm (NASDAQ:ARM [https://seekingalpha.com/symbol/ARM]).

Intel gained in notebooks, which was partially offset by desktop and server share loss. Intel’s overall MPU unit share grew 53 basis points quarter-over-quarter to 65.8% in the second quarter of 2025 compared to 65.2% in the first quarter of 2025.

Intel’s notebook MPU share was up 234 basis points quarter-over-quarter to 66.9% in the second quarter of 2025 from 64.6% in the first quarter of 2025. The company's desktop MPU share fell 389 basis points quarter-over-quarter to 63.5% in the second quarter of 2025, versus 67.4% in the first quarter of 2025.

Intel’s server MPU share declined 112 basis points quarter-over-quarter to 63.3% in the second quarter of 2025 from 64.4% in the first quarter of 2025.

AMD gained in desktop, offset by notebook and server share loss, the analysts added. AMD’s overall MPU unit share fell 6 basis points quarter-over-quarter to 20.99% in the second quarter of 2025 from 21.05% in the first quarter of 2025.

Meanwhile, Arm gained in servers, offset by desktop and notebook share loss. Arm’s MPU unit share declined 48 basis points quarter-over-quarter to 13.2% in the second quarter of 2025 versus 13.7% in the first quarter of 2025, the analyst added.

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