This document summarizes molecular genetics guiding treatment of acute myeloid leukemia (AML). Over 100 genetic lesions have been identified in AML. New molecular markers do not currently impact clinical practice due to heterogeneity, study design limitations, and lack of predictive value. Genomic profiling of over 1,500 AML patients identified 11 non-overlapping molecular classes and over 5,000 driver mutations involving 77 loci. Certain mutations like FLT3, KIT, IDH1/2 inform targeted therapy approaches in clinical trials. Phase III trials are investigating chemotherapy with or without targeted agents like midostaurin, dasatinib and quizartinib in genetically defined AML patient subgroups.