{"id":23214,"date":"2016-04-22T08:32:26","date_gmt":"2016-04-22T06:32:26","guid":{"rendered":"http:\/\/www.planet3dnow.de\/cms\/?p=23214"},"modified":"2016-04-22T08:32:26","modified_gmt":"2016-04-22T06:32:26","slug":"amd-reports-2016-first-quarter-results","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/23214-amd-reports-2016-first-quarter-results\/","title":{"rendered":"<span class=\"caps\">AMD<\/span> Reports 2016 First Quarter Results"},"content":{"rendered":"<p><\/p><center><b>Exe\u00adcu\u00adted a Meaningful Step in <span class=\"caps\">IP<\/span> Mone\u00adtiza\u00adti\u00adon Stra\u00adtegy to Acce\u00adle\u00adra\u00adte <span class=\"caps\">AMD<\/span>\u2019s Growth; Assem\u00adbly, Test, Mark and Pack (<span class=\"caps\">ATMP<\/span>) Joint Ven\u00adture (<span class=\"caps\">JV<\/span>) Tran\u00adsac\u00adtion Remains on Track to Clo\u00adse in <span class=\"caps\">Q2<\/span> 2016<\/b><\/center><span class=\"caps\">SUNNYVALE<\/span>, <span class=\"caps\">CA<\/span> \u2014 (Mar\u00adket\u00adwired) \u2014 04\/21\/16 \u2014 <a href=\"http:\/\/phx.corporate-ir.net\/phoenix.zhtml?c=74093&amp;p=irol-IRHome\" rel=\"nofollow\"><span class=\"caps\">AMD<\/span><\/a> (<span class=\"caps\">NASDAQ<\/span>: <span class=\"caps\">AMD<\/span>) today announ\u00adced reve\u00adnue for the first quar\u00adter of 2016 of $832 mil\u00adli\u00adon, ope\u00adra\u00adting loss of $68 mil\u00adli\u00adon, and net loss of $109 mil\u00adli\u00adon, or $0.14 per share. Non-GAAP<em>(1)<\/em> ope\u00adra\u00adting loss was $55 mil\u00adli\u00adon and non-GAAP<em>(1)<\/em> net loss was $96 mil\u00adli\u00adon, or $0.12 per&nbsp;share.\n<p><em><span class=\"caps\">GAAP<\/span> Finan\u00adcial Results<\/em><\/p>\n<table>\n<tbody>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><span class=\"caps\">Q1-16<\/span><\/td>\n<td><\/td>\n<td><span class=\"caps\">Q4-15<\/span><\/td>\n<td><\/td>\n<td><span class=\"caps\">Q1-15<\/span><\/td>\n<\/tr>\n<tr>\n<td>Reve\u00adnue<\/td>\n<td><\/td>\n<td>$<span class=\"caps\">832M<\/span><\/td>\n<td><\/td>\n<td>$<span class=\"caps\">958M<\/span><\/td>\n<td><\/td>\n<td>$1.<span class=\"caps\">03B<\/span><\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting&nbsp;loss<\/td>\n<td><\/td>\n<td>$(68)M<\/td>\n<td><\/td>\n<td>$(49)M<\/td>\n<td><\/td>\n<td>$(137)M<\/td>\n<\/tr>\n<tr>\n<td>Net loss \/ Loss per&nbsp;share<\/td>\n<td><\/td>\n<td>$(109)M\/$(0.14)<\/td>\n<td><\/td>\n<td>$(102)M\/$(0.13)<\/td>\n<td><\/td>\n<td>$(180)M\/$(0.23)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>Non-GAAP Finan\u00adcial Results<em>1<\/em><\/em><\/p>\n<table>\n<tbody>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><span class=\"caps\">Q1-16<\/span><\/td>\n<td><\/td>\n<td><span class=\"caps\">Q4-15<\/span><\/td>\n<td><\/td>\n<td><span class=\"caps\">Q1-15<\/span><\/td>\n<\/tr>\n<tr>\n<td>Reve\u00adnue<\/td>\n<td><\/td>\n<td>$<span class=\"caps\">832M<\/span><\/td>\n<td><\/td>\n<td>$<span class=\"caps\">958M<\/span><\/td>\n<td><\/td>\n<td>$1.<span class=\"caps\">03B<\/span><\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting&nbsp;loss<\/td>\n<td><\/td>\n<td>$(55)M<\/td>\n<td><\/td>\n<td>$(39)M<\/td>\n<td><\/td>\n<td>$(30)M<\/td>\n<\/tr>\n<tr>\n<td>Net loss \/ Loss per&nbsp;share<\/td>\n<td><\/td>\n<td>$(96)M\/$(0.12)<\/td>\n<td><\/td>\n<td>$(79)M\/$(0.10)<\/td>\n<td><\/td>\n<td>$(73)M\/$(0.09)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"dquo\">\u201c<\/span>Our stra\u00adtegy to build a strong busi\u00adness foun\u00adda\u00adti\u00adon and impro\u00adve finan\u00adcial per\u00adfor\u00admance through deli\u00adve\u00adring gre\u00adat pro\u00adducts is begin\u00adning to show bene\u00adfits,\u201d said Lisa Su, <span class=\"caps\">AMD<\/span> pre\u00adsi\u00addent and <span class=\"caps\">CEO<\/span>. \u201cWe con\u00adtin\u00adued to streng\u00adthen the per\u00adfor\u00admance of our Com\u00adpu\u00adting and Gra\u00adphics busi\u00adness as our cus\u00adto\u00admers and part\u00adners show a gro\u00adwing pre\u00adfe\u00adrence for <span class=\"caps\">AMD<\/span>. We are opti\u00admi\u00adstic about our growth pro\u00ads\u00adpects in the second half of the year across our busi\u00adnesses based on new pro\u00adduct intro\u00adduc\u00adtions and design wins.\u201d<\/p>\n<p><em><span class=\"caps\">Q1<\/span> 2016 Results<\/em><\/p>\n<ul>\n<li><span class=\"caps\">Q1<\/span> 2016 was a 13-week fis\u00adcal quarter.<\/li>\n<li>Reve\u00adnue of $832 mil\u00adli\u00adon, down 13 per\u00adcent sequen\u00adti\u00adal\u00adly and down 19 per\u00adcent year-over-year. The sequen\u00adti\u00adal decrease was pri\u00adma\u00adri\u00adly due to lower sales of semi-cus\u00adtom SoCs. The year-over-year decli\u00adne was pri\u00adma\u00adri\u00adly due to lower sales of semi-cus\u00adtom SoCs and cli\u00adent note\u00adbook processors.<\/li>\n<li>Gross mar\u00adgin of 32 per\u00adcent, up 2 per\u00adcen\u00adta\u00adge points sequen\u00adti\u00adal\u00adly, due pri\u00adma\u00adri\u00adly to a richer pro\u00adduct mix and the mix of reve\u00adnue bet\u00adween busi\u00adness segments.<\/li>\n<li>Ope\u00adra\u00adting expen\u00adses of $344 mil\u00adli\u00adon, com\u00adpared to $332 mil\u00adli\u00adon for the pri\u00ador quar\u00adter. Non-GAAP ope\u00adra\u00adting expen\u00adses of $332 mil\u00adli\u00adon, com\u00adpared to non-GAAP ope\u00adra\u00adting expen\u00adses of $323 mil\u00adli\u00adon in <span class=\"caps\">Q4<\/span> 2015, pri\u00adma\u00adri\u00adly due to increased R<span class=\"amp\">&amp;<\/span>D expen\u00adses rela\u00adted to new pro\u00adducts, par\u00adti\u00adal\u00adly off\u00adset by lower <span class=\"caps\">SG<\/span><span class=\"amp\">&amp;<\/span>A expenses.<\/li>\n<li>Ope\u00adra\u00adting loss of $68 mil\u00adli\u00adon, com\u00adpared to an ope\u00adra\u00adting loss of $49 mil\u00adli\u00adon for the pri\u00ador quar\u00adter. Non-GAAP<em>(1)<\/em> ope\u00adra\u00adting loss of $55 mil\u00adli\u00adon, com\u00adpared to non-GAAP<em>(1)<\/em> ope\u00adra\u00adting loss of $39 mil\u00adli\u00adon in <span class=\"caps\">Q4<\/span> 2015, pri\u00adma\u00adri\u00adly due to lower&nbsp;sales.<\/li>\n<li>Net loss of $109 mil\u00adli\u00adon, loss per share of $0.14, and non-GAAP<em>(1)<\/em> net loss of $96 mil\u00adli\u00adon, non-GAAP<em>(1)<\/em> loss per share of $0.12, com\u00adpared to a net loss of $102 mil\u00adli\u00adon, loss per share of $0.13 and non-GAAP<em>(1)<\/em> net loss of $79 mil\u00adli\u00adon, non-GAAP<em>(1)<\/em> loss per share of $0.10 in <span class=\"caps\">Q4<\/span>&nbsp;2015.<\/li>\n<li>Cash and cash equi\u00adva\u00adlents were $716 mil\u00adli\u00adon at the end of the quar\u00adter, down $69 mil\u00adli\u00adon from the end of the pri\u00ador quar\u00adter, due to lower sales and hig\u00adher debt inte\u00adrest pay\u00adments, par\u00adti\u00adal\u00adly off\u00adset by $52 mil\u00adli\u00adon of cash recei\u00adved rela\u00adted to our new\u00adly announ\u00adced <span class=\"caps\">IP<\/span> licen\u00adsing agreement.<\/li>\n<li>Total debt at the end of the quar\u00adter was $2.24 bil\u00adli\u00adon, flat from the pri\u00ador quarter.<\/li>\n<\/ul>\n<p><em>Finan\u00adcial Seg\u00adment Summary<\/em><\/p>\n<ul>\n<li>Com\u00adpu\u00adting and Gra\u00adphics seg\u00adment reve\u00adnue of $460 mil\u00adli\u00adon decreased 2 per\u00adcent sequen\u00adti\u00adal\u00adly and decreased 14 per\u00adcent from <span class=\"caps\">Q1<\/span> 2015. The sequen\u00adti\u00adal decrease was pri\u00adma\u00adri\u00adly due to decreased sales of cli\u00adent desk\u00adtop pro\u00adces\u00adsors and the year-over-year decrease was dri\u00adven pri\u00adma\u00adri\u00adly by decreased sales of cli\u00adent note\u00adbook processors.&nbsp;<ul>\n<li>Ope\u00adra\u00adting loss was $70 mil\u00adli\u00adon, com\u00adpared with an ope\u00adra\u00adting loss of $99 mil\u00adli\u00adon in <span class=\"caps\">Q4<\/span> 2015 and an ope\u00adra\u00adting loss of $75 mil\u00adli\u00adon in <span class=\"caps\">Q1<\/span> 2015. The sequen\u00adti\u00adal impro\u00adve\u00adment was pri\u00adma\u00adri\u00adly dri\u00adven by lower ope\u00adra\u00adting expen\u00adses. The year-over-year impro\u00adve\u00adment was pri\u00adma\u00adri\u00adly dri\u00adven by lower ope\u00adra\u00adting expenses.<\/li>\n<li>Cli\u00adent pro\u00adces\u00adsor avera\u00adge sel\u00adling pri\u00adce (<span class=\"caps\">ASP<\/span>) decreased sequen\u00adti\u00adal\u00adly dri\u00adven by a lower desk\u00adtop pro\u00adces\u00adsor <span class=\"caps\">ASP<\/span> and decreased year-over-year pri\u00adma\u00adri\u00adly due to a lower note\u00adbook pro\u00adces\u00adsor&nbsp;<span class=\"caps\">ASP<\/span>.<\/li>\n<li><span class=\"caps\">GPU<\/span> <span class=\"caps\">ASP<\/span> decreased sequen\u00adti\u00adal\u00adly dri\u00adven by lower con\u00adsu\u00admer <span class=\"caps\">GPU<\/span> ASPs and increased year-over-year due to hig\u00adher chan\u00adnel and pro\u00adfes\u00adsio\u00adnal gra\u00adphics&nbsp;ASPs.<\/li>\n<\/ul>\n<\/li>\n<li>Enter\u00adpri\u00adse, Embedded and Semi-Cus\u00adtom seg\u00adment reve\u00adnue of $372 mil\u00adli\u00adon decreased 24 per\u00adcent sequen\u00adti\u00adal\u00adly and 25 per\u00adcent year-over-year. The decrea\u00adses were pri\u00adma\u00adri\u00adly dri\u00adven by lower sales of semi-cus\u00adtom&nbsp;SoCs.&nbsp;<ul>\n<li>Ope\u00adra\u00adting inco\u00adme was $16 mil\u00adli\u00adon com\u00adpared with $59 mil\u00adli\u00adon in <span class=\"caps\">Q4<\/span> 2015 and $45 mil\u00adli\u00adon in <span class=\"caps\">Q1<\/span> 2015. The sequen\u00adti\u00adal and year-over-year decrease was pri\u00adma\u00adri\u00adly due to lower sales and hig\u00adher R<span class=\"amp\">&amp;<\/span>D expen\u00adses asso\u00adcia\u00adted with new pro\u00adduct invest\u00adments, par\u00adti\u00adal\u00adly off\u00adset by a $7 mil\u00adli\u00adon <span class=\"caps\">IP<\/span> licen\u00adsing&nbsp;gain.<\/li>\n<\/ul>\n<\/li>\n<li>All Other cate\u00adgo\u00adry ope\u00adra\u00adting loss was $14 mil\u00adli\u00adon com\u00adpared with ope\u00adra\u00adting los\u00adses of $9 mil\u00adli\u00adon in <span class=\"caps\">Q4<\/span> 2015 and $107 mil\u00adli\u00adon in <span class=\"caps\">Q1<\/span> 2015. The year-over-year decrease was pri\u00adma\u00adri\u00adly due to the absence of res\u00adtruc\u00adtu\u00adring and other spe\u00adcial char\u00adges asso\u00adcia\u00adted with the exit from the den\u00adse ser\u00adver sys\u00adtems business.<\/li>\n<\/ul>\n<p><em><span class=\"caps\">IP<\/span> Licen\u00adsing Agree\u00adment and <span class=\"caps\">JV<\/span> with <span class=\"caps\">THATIC<\/span><\/em><br>\n<span class=\"caps\">AMD<\/span> licen\u00adsed high-per\u00adfor\u00admance pro\u00adces\u00adsor and SoC tech\u00adno\u00adlo\u00adgy to a new\u00adly-crea\u00adted <span class=\"caps\">JV<\/span> it has for\u00admed with <span class=\"caps\">THATIC<\/span> (Tian\u00adjin Hai\u00adguang Advan\u00adced Tech\u00adno\u00adlo\u00adgy Invest\u00adment Co., Ltd.) to deve\u00adlop SoCs tail\u00ado\u00adred to the Chi\u00adne\u00adse ser\u00adver mar\u00adket that will com\u00adple\u00adment <span class=\"caps\">AMD<\/span>\u2019s own offe\u00adrings. The $293 mil\u00adli\u00adon licen\u00adsing agree\u00adment is a meaningful step in <span class=\"caps\">AMD<\/span>\u2019s <span class=\"caps\">IP<\/span> mone\u00adtiza\u00adti\u00adon stra\u00adtegy inten\u00added to acce\u00adle\u00adra\u00adte the Company\u2019s growth and bet\u00adter mone\u00adti\u00adze its valuable assets. Pay\u00adments are con\u00adtin\u00adgent upon the <span class=\"caps\">JV<\/span> achie\u00adving cer\u00adtain mile\u00adsto\u00adnes. <span class=\"caps\">AMD<\/span> also expects to recei\u00adve royal\u00adty pay\u00adments from the <span class=\"caps\">JV<\/span>\u2019s future pro\u00adduct&nbsp;sales.<\/p>\n<p><span class=\"dquo\">\u201c<\/span>Our new licen\u00adsing agree\u00adment is a gre\u00adat exam\u00adp\u00adle of lever\u00adaging our strong <span class=\"caps\">IP<\/span> port\u00adfo\u00adlio to acce\u00adle\u00adra\u00adte the adop\u00adti\u00adon of our tech\u00adno\u00adlo\u00adgies more broad\u00adly,\u201d said Dr. Su. \u201cThe joint ven\u00adture with <span class=\"caps\">THATIC<\/span> pro\u00advi\u00addes <span class=\"caps\">AMD<\/span> with a dif\u00adfe\u00adren\u00adtia\u00adted approach to help gain share in the fas\u00adtest gro\u00adwing regi\u00adon of the ser\u00adver market.\u201d<\/p>\n<p><em>Recent High\u00adlights<\/em><\/p>\n<ul>\n<li><span class=\"caps\">AMD<\/span>\u2019s Assem\u00adbly, Test, Mark and Pack (<span class=\"caps\">ATMP<\/span>) <span class=\"caps\">JV<\/span> tran\u00adsac\u00adtion recei\u00adved appr\u00adoval from Nan\u00adtong Fuji\u00adtsu Microelec\u00adtro\u00adnics Co., Ltd. share\u00adhol\u00adders and the tran\u00adsac\u00adtion remains on track to clo\u00adse in <span class=\"caps\">Q2<\/span>&nbsp;2016.<\/li>\n<li><span class=\"caps\">AMD<\/span> <a href=\"http:\/\/www.amd.com\/en-us\/press-releases\/Pages\/amd-increases-notebook-2016feb10.aspx\" rel=\"nofollow\">momen\u00adtum con\u00adtin\u00adued<\/a> for its mobi\u00adle cli\u00adent solu\u00adti\u00adons and tech\u00adno\u00adlo\u00adgies, start\u00ading ship\u00adments of the <a href=\"http:\/\/www.amd.com\/en-us\/products\/processors\/laptop-processors\" rel=\"nofollow\">7<em>th<\/em> Gene\u00adra\u00adti\u00adon <span class=\"caps\">AMD<\/span> A\u2011Series Pro\u00adces\u00adsors<\/a> (code\u00adna\u00admed \u201cBris\u00adtol Ridge\u201d) and secu\u00adring nota\u00adble com\u00admer\u00adcial and con\u00adsu\u00admer design wins.&nbsp;<ul>\n<li><span class=\"caps\">AMD<\/span> 7<em>th<\/em> Gene\u00adra\u00adti\u00adon APUs are equip\u00adped with advan\u00adced video, gra\u00adphics per\u00adfor\u00admance, secu\u00adri\u00adty and ener\u00adgy effi\u00adci\u00aden\u00adcy fea\u00adtures and will first appear in the <a href=\"http:\/\/www.hp.com\/go\/newenvy\" rel=\"nofollow\"><span class=\"caps\">HP<\/span> <span class=\"caps\">ENVY<\/span> x360<\/a>, with other ultrath\u00adin note\u00adbook, con\u00adver\u00adti\u00adble, and all-in one <span class=\"caps\">OEM<\/span> designs plan\u00adned to launch throug\u00adhout the&nbsp;year.<\/li>\n<li><span class=\"caps\">AMD<\/span> secu\u00adred <a href=\"http:\/\/www8.hp.com\/us\/en\/campaigns\/hp-pro-pcs\/probook-645-655.html\" rel=\"nofollow\">new <span class=\"caps\">HP<\/span> note\u00adbook design wins<\/a> and con\u00adtin\u00adued to expand in the com\u00admer\u00adcial <span class=\"caps\">PC<\/span> mar\u00adket with <a href=\"https:\/\/www.youtube.com\/watch?v=9yyBjtlQwQ0&amp;feature=youtu.be\" rel=\"nofollow\">new lar\u00adge-sca\u00adle enter\u00adpri\u00adse deploy\u00adments<\/a> for its 6<em>th<\/em>Gene\u00adra\u00adti\u00adon <span class=\"caps\">PRO<\/span> A\u2011Series mobi\u00adle processors.<\/li>\n<\/ul>\n<\/li>\n<li><span class=\"caps\">AMD<\/span> laun\u00adched new desk\u00adtop com\u00adpo\u00adnent solu\u00adti\u00adons, inclu\u00adding the flag\u00adship <a href=\"http:\/\/www.amd.com\/en-us\/press-releases\/Pages\/amd-offers-new-2016feb02.aspx\" rel=\"nofollow\"><span class=\"caps\">AMD<\/span> Wraith Coo\u00adler<\/a> and its fas\u00adtest <span class=\"caps\">APU<\/span> ever, the <a href=\"http:\/\/www.amd.com\/en-us\/press-releases\/Pages\/amd-enhances-its-2016mar01.aspx\" rel=\"nofollow\"><span class=\"caps\">AMD<\/span> <span class=\"caps\">A10-7890K<\/span><\/a>. Other new addi\u00adti\u00adons to the 2016 Desk\u00adtop pro\u00adces\u00adsor fami\u00adly include the new <span class=\"caps\">AMD<\/span> <span class=\"caps\">A10-7870K<\/span> and <span class=\"caps\">AMD<\/span> <span class=\"caps\">A10-7860K<\/span> APUs, and new <span class=\"caps\">AMD<\/span> Ath\u00adlon\u2122 <span class=\"caps\">X4<\/span> <span class=\"caps\">880K<\/span> and <span class=\"caps\">AMD<\/span> Ath\u00adlon\u2122 <span class=\"caps\">X4<\/span> 845&nbsp;CPUs.<\/li>\n<li><span class=\"caps\">AMD<\/span> dis\u00adc\u00adlo\u00adsed its upco\u00adming <span class=\"caps\">GPU<\/span> archi\u00adtec\u00adtu\u00adre road\u00admap, inclu\u00adding \u201cVega\u201d fea\u00adturing High Band\u00adwidth Memo\u00adry 2, which the com\u00adpa\u00adny plans to fol\u00adlow with the release of \u201cNavi\u201d which will be desi\u00adgned with sca\u00adla\u00adbi\u00adli\u00adty and next-gene\u00adra\u00adti\u00adon memory.<\/li>\n<li><span class=\"caps\">AMD<\/span> demons\u00adtra\u00adted its \u201cPola\u00adris\u201d 10 and 11 next-gene\u00adra\u00adti\u00adon GPUs, with Pola\u00adris 11 tar\u00adge\u00adting the note\u00adbook mar\u00adket and \u201cPola\u00adris\u201d 10 aimed at the main\u00adstream desk\u00adtop and high-end gam\u00ading note\u00adbook seg\u00adment. \u201cPola\u00adris\u201d archi\u00adtec\u00adtu\u00adre-based GPUs are expec\u00adted to deli\u00adver a 2x per\u00adfor\u00admance per watt impro\u00adve\u00adment over cur\u00adrent gene\u00adra\u00adti\u00adon pro\u00adducts and are desi\u00adgned for inten\u00adsi\u00adve workloads inclu\u00adding <span class=\"caps\">4K<\/span> video play\u00adback and vir\u00adtu\u00adal rea\u00adli\u00adty (<span class=\"caps\">VR<\/span>).<\/li>\n<li><span class=\"caps\">AMD<\/span> con\u00adtin\u00adued to expand its lea\u00adder\u00adship posi\u00adti\u00adon in <span class=\"caps\">VR<\/span>, unvei\u00adling new tech\u00adno\u00adlo\u00adgies and col\u00adla\u00adbo\u00adra\u00adti\u00adons across a varie\u00adty of sec\u00adtors, inclu\u00adding gam\u00ading, edu\u00adca\u00adti\u00adon, and&nbsp;media.&nbsp;<ul>\n<li><span class=\"caps\">AMD<\/span> intro\u00addu\u00adced the <a href=\"http:\/\/www.amd.com\/en-us\/press-releases\/Pages\/amd-radeon-pro-2016mar14.aspx\" rel=\"nofollow\">Rade\u00adon\u2122 Pro Duo <span class=\"caps\">GPU<\/span><\/a>, part of the world\u2019s most powerful plat\u00adform for <span class=\"caps\">VR<\/span> desi\u00adgned for crea\u00adting and con\u00adsum\u00ading <span class=\"caps\">VR<\/span> con\u00adtent. <span class=\"caps\">AMD<\/span>\u2019s Rade\u00adon\u2122 Pro Duo <span class=\"caps\">GPU<\/span> with its Liquid\u00adVR\u2122 <span class=\"caps\">SDK<\/span> is a plat\u00adform aimed at most all aspects of <span class=\"caps\">VR<\/span> con\u00adtent crea\u00adti\u00adon: from enter\u00adtain\u00adment to edu\u00adca\u00adti\u00adon, jour\u00adna\u00adlism, medi\u00adci\u00adne, and cinema.<\/li>\n<li>20<em>th<\/em> Cen\u00adtu\u00adry Fox, New Regen\u00adcy, Ubi\u00ads\u00adoft Moti\u00adon Pic\u00adtures, and <span class=\"caps\">VR<\/span> deve\u00adlo\u00adp\u00adment stu\u00addio Prac\u00adti\u00adcal Magic cho\u00adse the <a href=\"http:\/\/www.amd.com\/en-us\/products\/graphics\/desktop\/radeon-pro-duo\" rel=\"nofollow\"><span class=\"caps\">AMD<\/span> Rade\u00adon\u2122 Pro Duo <span class=\"caps\">GPU<\/span> fea\u00adturing the <span class=\"caps\">AMD<\/span> Liquid\u00adVR\u2122 <span class=\"caps\">SDK<\/span><\/a> to bring the upco\u00adming <a href=\"http:\/\/www.amd.com\/en-us\/press-releases\/Pages\/amd-brings-the-2016mar29.aspx\" rel=\"nofollow\">ASSASSIN\u2019S <span class=\"caps\">CREED<\/span><\/a> movie <span class=\"caps\">VR<\/span> expe\u00adri\u00adence to&nbsp;life.<\/li>\n<li>Sulon Tech\u00adno\u00adlo\u00adgies <a href=\"http:\/\/www.amd.com\/en-us\/innovations\/software-technologies\/technologies-gaming\/vr\/sulon\" rel=\"nofollow\">announ\u00adced the Sulon Q<\/a>, the world\u2019s only all-in-one, tether-free \u201cwear and play\u201d head\u00adset for <span class=\"caps\">VR<\/span>, Aug\u00admen\u00adted Rea\u00adli\u00adty (<span class=\"caps\">AR<\/span>) and spa\u00adti\u00adal com\u00adpu\u00adting \u2014 powered by the <span class=\"caps\">AMD<\/span> <span class=\"caps\">FX-8800P<\/span> processor.<\/li>\n<li><span class=\"caps\">AMD<\/span> joi\u00adn\u00aded with <a href=\"http:\/\/www.amd.com\/en-us\/press-releases\/Pages\/amd-and-the-2016feb17.aspx\" rel=\"nofollow\">The Asso\u00adcia\u00adted Press<\/a> to crea\u00adte a new <span class=\"caps\">VR<\/span> expe\u00adri\u00adence chan\u00adnel to fuel next-gene\u00adra\u00adti\u00adon journalism.<\/li>\n<li><span class=\"caps\">AMD<\/span> announ\u00adced it is hel\u00adping col\u00adleges and uni\u00adver\u00adsi\u00adties crea\u00adte dedi\u00adca\u00adted <span class=\"caps\">AMD<\/span> Rade\u00adon\u2122 gra\u00adphics-equip\u00adped <span class=\"caps\">VR<\/span> labs as Crytek\u2019s exclu\u00adsi\u00adve tech\u00adno\u00adlo\u00adgy part\u00adner for the <a href=\"http:\/\/www.amd.com\/en-us\/press-releases\/Pages\/amd-crytek-partner-2016mar14.aspx\" rel=\"nofollow\"><span class=\"caps\">VR<\/span> First\u2122 initia\u00adti\u00adve<\/a>.<\/li>\n<li><span class=\"caps\">AMD<\/span> released the <a href=\"http:\/\/support.amd.com\/en-us\/kb-articles\/Pages\/AMD-Radeon-Software-Crimson-Edition-16-3-2.aspx\" rel=\"nofollow\">Rade\u00adon Soft\u00adware Crims\u00adon Edi\u00adti\u00adon 16.3.2 Dri\u00adver<\/a> with sup\u00adport for the Ocu\u00adlus Rift\u2122 <span class=\"caps\">SDK<\/span> v1.3 \u2014 offe\u00adring <span class=\"caps\">AMD<\/span>\u2019s most sta\u00adble and com\u00adpa\u00adti\u00adble dri\u00adver for deve\u00adlo\u00adping <span class=\"caps\">VR<\/span> expe\u00adri\u00aden\u00adces on the Rift to-date.<\/li>\n<\/ul>\n<\/li>\n<li><span class=\"caps\">AMD<\/span> demons\u00adtra\u00adted its con\u00adtin\u00adued dedi\u00adca\u00adti\u00adon to enab\u00adling gamers and game deve\u00adlo\u00adpers with the best pos\u00adsi\u00adble gra\u00adphics experiences.&nbsp;<ul>\n<li><span class=\"caps\">AMD<\/span>\u2019s per\u00adfor\u00admance lea\u00adder\u00adship in DirectX\u00ae 12 was re-affirm\u00aded through the <a href=\"http:\/\/www.extremetech.com\/gaming\/223567-amd-clobbers-nvidia-in-updated-ashes-of-the-singularity-directx-12-benchmark\" rel=\"nofollow\">Ashes of the Sin\u00adgu\u00adla\u00adri\u00adty bench\u00admark<\/a>. <span class=\"caps\">AMD<\/span> also announ\u00adced its asso\u00adcia\u00adti\u00adon with seve\u00adral DirectX 12 games inclu\u00adding <a href=\"http:\/\/wccftech.com\/hitman-feature-implementation-dx12-async-compute-amd\/\" rel=\"nofollow\">Hit\u00adman<\/a> and <a href=\"http:\/\/www.amd.com\/en-us\/press-releases\/pages\/directx-12-era-2016mar23.aspx\" rel=\"nofollow\">Total War: War\u00adham\u00admer<\/a><em>.<\/em><\/li>\n<\/ul>\n<\/li>\n<li><span class=\"caps\">AMD<\/span> fur\u00adther estab\u00adlished its pre\u00adsence in the pro\u00adfes\u00adsio\u00adnal gra\u00adphics mar\u00adket with the intro\u00adduc\u00adtion of new tech\u00adno\u00adlo\u00adgies, design wins, and relationships.&nbsp;<ul>\n<li><span class=\"caps\">AMD<\/span> reve\u00ada\u00adled the world\u2019s first hard\u00adware vir\u00adtua\u00adli\u00adzed <span class=\"caps\">GPU<\/span> pro\u00adducts \u2014 <a href=\"http:\/\/www.amd.com\/en-us\/press-releases\/Pages\/amd-reveals-worlds-2016feb01.aspx\" rel=\"nofollow\"><span class=\"caps\">AMD<\/span> Fire\u00adPro\u2122 S\u2011Series GPUs<\/a> with Mul\u00adti\u00aduser <span class=\"caps\">GPU<\/span> (MxG\u00adPU) tech\u00adno\u00adlo\u00adgy that enables a pre\u00adcise, secu\u00adre, high per\u00adfor\u00admance, and enri\u00adched gra\u00adphics user experience.<\/li>\n<li><span class=\"caps\">AMD<\/span> Fire\u00adPro gra\u00adphics were sel\u00adec\u00adted to dri\u00adve fast, cost-effec\u00adti\u00adve GPU-com\u00adpu\u00adte instal\u00adla\u00adti\u00adons for the <a href=\"http:\/\/lwlab.dunlap.utoronto.ca\/chime.html\" rel=\"nofollow\">Cana\u00addi\u00adan Hydro\u00adgen Inten\u00adsi\u00adty Map\u00adping Expe\u00adri\u00adment<\/a>, glo\u00adbal geo\u00adphy\u00adsi\u00adcal ser\u00advices and equip\u00adment com\u00adpa\u00adny <a href=\"http:\/\/www.amd.com\/en-us\/press-releases\/Pages\/amd-gpuopen-fuels-2016mar02.aspx\" rel=\"nofollow\"><span class=\"caps\">CGG<\/span><\/a>, and the <a href=\"https:\/\/community.amd.com\/community\/amd-business\/blog\/2016\/03\/18\/innovative-graphics-compute-helps-oil-amp-gas-industry\" rel=\"nofollow\">Insti\u00adtu\u00adte of Sys\u00adtem Rese\u00adarch of the Rus\u00adsi\u00adan Aca\u00adde\u00admy of Sci\u00aden\u00adces<\/a>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><em>Cur\u00adrent Outlook<\/em><\/p>\n<p><span class=\"caps\">AMD<\/span>\u2019s out\u00adlook state\u00adments are based on cur\u00adrent expec\u00adta\u00adti\u00adons. The fol\u00adlo\u00adwing state\u00adments are for\u00adward-loo\u00adking, and actu\u00adal results could dif\u00adfer mate\u00adri\u00adal\u00adly depen\u00adding on mar\u00adket con\u00addi\u00adti\u00adons and the fac\u00adtors set forth under \u201cCau\u00adtio\u00adna\u00adry State\u00adment\u201d&nbsp;below.<\/p>\n<p>For <span class=\"caps\">Q2<\/span> 2016, <span class=\"caps\">AMD<\/span> expects reve\u00adnue to increase 15 per\u00adcent, plus or minus 3 per\u00adcent, sequentially.<\/p>\n<p>For addi\u00adtio\u00adnal details regar\u00adding <span class=\"caps\">AMD<\/span>\u2019s results and out\u00adlook plea\u00adse see the <span class=\"caps\">CFO<\/span> com\u00admen\u00adta\u00adry pos\u00adted at <a href=\"http:\/\/quarterlyearnings.amd.com\/\" rel=\"nofollow\">quarterlyearnings.amd.com<\/a>.<\/p>\n<p><em><span class=\"caps\">AMD<\/span> Tele\u00adcon\u00adfe\u00adrence<\/em><\/p>\n<p><span class=\"caps\">AMD<\/span> will hold a con\u00adfe\u00adrence call for the finan\u00adcial com\u00admu\u00adni\u00adty at 2:00 p.m. <span class=\"caps\">PDT<\/span> (5:00 p.m. <span class=\"caps\">EDT<\/span>) today to dis\u00adcuss its first quar\u00adter finan\u00adcial results. <span class=\"caps\">AMD<\/span> will pro\u00advi\u00adde a real-time audio broad\u00adcast of the tele\u00adcon\u00adfe\u00adrence on the <a href=\"http:\/\/phx.corporate-ir.net\/phoenix.zhtml?c=74093&amp;p=irol-irhome\" rel=\"nofollow\">Inves\u00adtor Rela\u00adti\u00adons<\/a> page of its web\u00adsite at <a href=\"http:\/\/www.amd.com\/us\/Pages\/AMDHomePage.aspx\" rel=\"nofollow\">www.amd.com<\/a>. The web\u00adcast will be available for 12 months after the con\u00adfe\u00adrence&nbsp;call.<\/p>\n<p><em>Recon\u00adci\u00adlia\u00adti\u00adon of <span class=\"caps\">GAAP<\/span> to Non-GAAP Gross Margin<\/em><\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">(Mil\u00adli\u00adons except percentages)<\/td>\n<td><\/td>\n<td colspan=\"3\"><em><span class=\"caps\">Q1-16<\/span><\/em><\/td>\n<td><\/td>\n<td colspan=\"3\"><em><span class=\"caps\">Q4-15<\/span><\/em><\/td>\n<td><\/td>\n<td colspan=\"3\"><em><span class=\"caps\">Q1-15<\/span><\/em><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><em><span class=\"caps\">GAAP<\/span> Gross Margin<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>269<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>283<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>326<\/em><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><em><span class=\"caps\">GAAP<\/span> Gross Margin&nbsp;%<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><em>32<\/em><\/td>\n<td><em>%<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><em>30<\/em><\/td>\n<td><em>%<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><em>32<\/em><\/td>\n<td><em>%<\/em><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Stock-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td><\/td>\n<td><\/td>\n<td>1<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>1<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>1<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><em>Non-GAAP Gross Margin<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>270<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>284<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>327<\/em><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><em>Non-GAAP Gross Margin&nbsp;%<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><em>32<\/em><\/td>\n<td><em>%<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><em>30<\/em><\/td>\n<td><em>%<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><em>32<\/em><\/td>\n<td><em>%<\/em><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>Recon\u00adci\u00adlia\u00adti\u00adon of <span class=\"caps\">GAAP<\/span> to Non-GAAP Ope\u00adra\u00adting Inco\u00adme (Loss)<\/em><\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">(Mil\u00adli\u00adons)<\/td>\n<td><\/td>\n<td colspan=\"3\"><em><span class=\"caps\">Q1-16<\/span><\/em><\/td>\n<td><\/td>\n<td colspan=\"3\"><em><span class=\"caps\">Q4-15<\/span><\/em><\/td>\n<td><\/td>\n<td colspan=\"3\"><em><span class=\"caps\">Q1-15<\/span><\/em><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><em><span class=\"caps\">GAAP<\/span> ope\u00adra\u00adting&nbsp;loss<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(68<\/em><\/td>\n<td><em>)<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(49<\/em><\/td>\n<td><em>)<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(137<\/em><\/td>\n<td><em>)<\/em><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Res\u00adtruc\u00adtu\u00adring and other spe\u00adcial char\u00adges,&nbsp;net<\/td>\n<td><\/td>\n<td><\/td>\n<td>(3<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>(6<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>87<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Amor\u00adtiza\u00adti\u00adon of acqui\u00adred intan\u00adgi\u00adble assets<\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>3<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Stock-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td><\/td>\n<td><\/td>\n<td>16<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>16<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>17<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><em>Non-GAAP ope\u00adra\u00adting&nbsp;loss<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(55<\/em><\/td>\n<td><em>)<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(39<\/em><\/td>\n<td><em>)<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(30<\/em><\/td>\n<td><em>)<\/em><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>Recon\u00adci\u00adlia\u00adti\u00adon of <span class=\"caps\">GAAP<\/span> to Non-GAAP Net Inco\u00adme (Loss) \/Earnings (Loss) per&nbsp;Share<\/em><\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td colspan=\"3\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">(Mil\u00adli\u00adons except per share amounts)<\/td>\n<td><\/td>\n<td colspan=\"7\"><em><span class=\"caps\">Q1-16<\/span><\/em><\/td>\n<td><\/td>\n<td colspan=\"7\"><em><span class=\"caps\">Q4-15<\/span><\/em><\/td>\n<td><\/td>\n<td colspan=\"7\"><em><span class=\"caps\">Q1-15<\/span><\/em><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><em><span class=\"caps\">GAAP<\/span> net loss \/loss per&nbsp;share<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(109<\/em><\/td>\n<td><em>)<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(0.14<\/em><\/td>\n<td><em>)<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(102<\/em><\/td>\n<td><em>)<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(0.13<\/em><\/td>\n<td><em>)<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(180<\/em><\/td>\n<td><em>)<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(0.23<\/em><\/td>\n<td><em>)<\/em><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Res\u00adtruc\u00adtu\u00adring and other spe\u00adcial char\u00adges,&nbsp;net<\/td>\n<td><\/td>\n<td><\/td>\n<td>(3<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>(6<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>(0.01<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>87<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>0.11<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Tax sett\u00adle\u00adment in for\u00adeign jurisdiction<\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>13<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>0.02<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Amor\u00adtiza\u00adti\u00adon of acqui\u00adred intan\u00adgi\u00adble assets<\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>3<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>0.00<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Stock-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td><\/td>\n<td><\/td>\n<td>16<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>0.02<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>16<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>0.02<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>17<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>0.02<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><em>Non-GAAP net loss \/ loss per&nbsp;share<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(96<\/em><\/td>\n<td><em>)<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(0.12<\/em><\/td>\n<td><em>)<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(79<\/em><\/td>\n<td><em>)<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(0.10<\/em><\/td>\n<td><em>)<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(73<\/em><\/td>\n<td><em>)<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(0.09<\/em><\/td>\n<td><em>)<\/em><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em>About <span class=\"caps\">AMD<\/span><\/em><\/p>\n<p>For more than 45 years, <span class=\"caps\">AMD<\/span> has dri\u00adven inno\u00adva\u00adti\u00adon in high-per\u00adfor\u00admance com\u00adpu\u00adting, gra\u00adphics, and visua\u00adliza\u00adti\u00adon tech\u00adno\u00adlo\u00adgies \u2014 the buil\u00adding blocks for gam\u00ading, immersi\u00adve plat\u00adforms, and the dat\u00ada\u00adcen\u00adter. Hundreds of mil\u00adli\u00adons of con\u00adsu\u00admers, lea\u00adding For\u00adtu\u00adne 500 busi\u00adnesses, and cut\u00adting-edge sci\u00aden\u00adti\u00adfic rese\u00adarch faci\u00adli\u00adties around the world rely on <span class=\"caps\">AMD<\/span> tech\u00adno\u00adlo\u00adgy dai\u00adly to impro\u00adve how they live, work, and play. <span class=\"caps\">AMD<\/span> employees around the world are focu\u00adsed on buil\u00adding gre\u00adat pro\u00adducts that push the boun\u00adda\u00adries of what is pos\u00adsi\u00adble. For more infor\u00adma\u00adti\u00adon about how <span class=\"caps\">AMD<\/span> is enab\u00adling today and inspi\u00adring tomor\u00adrow, visit the <span class=\"caps\">AMD<\/span> (<span class=\"caps\">NASDAQ<\/span>: <span class=\"caps\">AMD<\/span>) <a href=\"http:\/\/www.amd.com\/\" rel=\"nofollow\">web\u00adsite<\/a>, <a href=\"http:\/\/community.amd.com\/welcome\" rel=\"nofollow\">blog<\/a>, <a href=\"https:\/\/www.facebook.com\/AMD\" rel=\"nofollow\">Face\u00adbook<\/a> and <a href=\"https:\/\/twitter.com\/amd\" rel=\"nofollow\">Twit\u00adter<\/a>pages.<\/p>\n<p><em><em>Cau\u00adtio\u00adna\u00adry Statement<\/em><\/em><\/p>\n<p>This press release con\u00adta\u00adins for\u00adward-loo\u00adking state\u00adments con\u00adcer\u00adning Advan\u00adced Micro Devices, Inc. (\u201c<span class=\"caps\">AMD<\/span>\u201d or the \u201cCom\u00adpa\u00adny\u201d) inclu\u00adding <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to acce\u00adle\u00adra\u00adte its growth and mone\u00adti\u00adze its <span class=\"caps\">IP<\/span> assets through its <span class=\"caps\">IP<\/span> mone\u00adtiza\u00adti\u00adon stra\u00adtegy; the expec\u00adted clo\u00adsing date for the pro\u00adpo\u00adsed joint ven\u00adtures bet\u00adween <span class=\"caps\">AMD<\/span> and Nan\u00adtong Fuji\u00adtsu Microelec\u00adtro\u00adnics Co., Ltd.; <span class=\"caps\">AMD<\/span>\u2019s expec\u00adted growth pro\u00ads\u00adpects in the second half of 2016; the expec\u00adted amounts to be recei\u00adved by <span class=\"caps\">AMD<\/span> under the <span class=\"caps\">IP<\/span> licen\u00adsing agree\u00adment and the expec\u00adted royal\u00adty pay\u00adments to be recei\u00adved from future pro\u00adduct sales; the expec\u00adted bene\u00adfits from <span class=\"caps\">AMD<\/span>\u2019s joint ven\u00adtures with <span class=\"caps\">THATIC<\/span>; the fea\u00adtures, func\u00adtion\u00ada\u00adli\u00adty, timing and avai\u00adlia\u00adbi\u00adly of <span class=\"caps\">AMD<\/span>\u2019s future pro\u00adducts; and <span class=\"caps\">AMD<\/span>\u2019s expec\u00adted second quar\u00adter 2016 reve\u00adnue, which are made pur\u00adsu\u00adant to the Safe Har\u00adbor pro\u00advi\u00adsi\u00adons of the Pri\u00adva\u00adte Secu\u00adri\u00adties Liti\u00adga\u00adti\u00adon Reform Act of 1995. For\u00adward-loo\u00adking state\u00adments are com\u00admon\u00adly iden\u00adti\u00adfied by words such as \u201cwould,\u201d \u201cmay,\u201d \u201cexpects,\u201d \u201cbelie\u00adves,\u201d \u201cplans,\u201d \u201cintends,\u201d \u201cpro\u00adjects\u201d and other terms with simi\u00adlar mea\u00adning. Inves\u00adtors are cau\u00adtio\u00adned that the for\u00adward-loo\u00adking state\u00adments in this docu\u00adment are based on cur\u00adrent beliefs, assump\u00adti\u00adons and expec\u00adta\u00adti\u00adons, speak only as of the date of this docu\u00adment and invol\u00adve risks and uncer\u00adtain\u00adties that could cau\u00adse actu\u00adal results to dif\u00adfer mate\u00adri\u00adal\u00adly from cur\u00adrent expec\u00adta\u00adti\u00adons. Such state\u00adments are sub\u00adject to cer\u00adtain known and unknown risks and uncer\u00adtain\u00adties, many of which are dif\u00adfi\u00adcult to pre\u00addict and gene\u00adral\u00adly bey\u00adond <span class=\"caps\">AMD<\/span>\u2019s con\u00adtrol, that could cau\u00adse actu\u00adal results and other future events to dif\u00adfer mate\u00adri\u00adal\u00adly from tho\u00adse expres\u00adsed in, or impli\u00aded or pro\u00adjec\u00adted by, the for\u00adward-loo\u00adking infor\u00adma\u00adti\u00adon and state\u00adments. Mate\u00adri\u00adal fac\u00adtors that could cau\u00adse actu\u00adal results to dif\u00adfer mate\u00adri\u00adal\u00adly from cur\u00adrent expec\u00adta\u00adti\u00adons include, wit\u00adhout limi\u00adta\u00adti\u00adon, the fol\u00adlo\u00adwing: Intel Corporation\u2019sdominance of the micro\u00adpro\u00adces\u00adsor mar\u00adket and its aggres\u00adsi\u00adve busi\u00adness prac\u00adti\u00adces may limit <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to com\u00adpe\u00adte effec\u00adtively; <span class=\"caps\">AMD<\/span> reli\u00ades on <span class=\"caps\">GLOBALFOUNDRIES<\/span> Inc. (<span class=\"caps\">GF<\/span>) to manu\u00adfac\u00adtu\u00adre all of its micro\u00adpro\u00adces\u00adsor and <span class=\"caps\">APU<\/span> pro\u00adducts and a cer\u00adtain por\u00adti\u00adon of its <span class=\"caps\">GPU<\/span> pro\u00adducts, with limi\u00adt\u00aded excep\u00adti\u00adons. If <span class=\"caps\">GF<\/span> is not able to satis\u00adfy <span class=\"caps\">AMD<\/span>\u2019s manu\u00adfac\u00adtu\u00adring requi\u00adre\u00adments, its busi\u00adness could be adver\u00adse\u00adly impac\u00adted; <span class=\"caps\">AMD<\/span> reli\u00ades on third par\u00adties to manu\u00adfac\u00adtu\u00adre its pro\u00adducts, and if they are unable to do so on a time\u00adly basis in suf\u00adfi\u00adci\u00adent quan\u00adti\u00adties and using com\u00adpe\u00adti\u00adti\u00adve tech\u00adno\u00adlo\u00adgies, <span class=\"caps\">AMD<\/span>\u2019s busi\u00adness could be mate\u00adri\u00adal\u00adly adver\u00adse\u00adly affec\u00adted; fail\u00adure to achie\u00adve expec\u00adted manu\u00adfac\u00adtu\u00adring yields for <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts could nega\u00adtively impact its finan\u00adcial results; the suc\u00adcess of <span class=\"caps\">AMD<\/span>\u2019s busi\u00adness is depen\u00addent upon its abili\u00adty to intro\u00addu\u00adce pro\u00adducts on a time\u00adly basis with fea\u00adtures and per\u00adfor\u00admance levels that pro\u00advi\u00adde value to its cus\u00adto\u00admers while sup\u00adport\u00ading and coin\u00adci\u00adding with signi\u00adfi\u00adcant indus\u00adtry tran\u00adsi\u00adti\u00adons; if <span class=\"caps\">AMD<\/span> can\u00adnot gene\u00adra\u00adte suf\u00adfi\u00adci\u00adent reve\u00adnue and ope\u00adra\u00adting cash flow or obtain exter\u00adnal finan\u00adcing, it may face a cash short\u00adfall and be unable to make all of its plan\u00adned invest\u00adments in rese\u00adarch and deve\u00adlo\u00adp\u00adment or other stra\u00adte\u00adgic invest\u00adments; the loss of a signi\u00adfi\u00adcant cus\u00adto\u00admer may have a mate\u00adri\u00adal adver\u00adse effect on <span class=\"caps\">AMD<\/span>; glo\u00adbal eco\u00adno\u00admic uncer\u00adtain\u00adty may adver\u00adse\u00adly impact <span class=\"caps\">AMD<\/span>\u2019s busi\u00adness and ope\u00adra\u00adting results; <span class=\"caps\">AMD<\/span> may not be able to gene\u00adra\u00adte suf\u00adfi\u00adci\u00adent cash to ser\u00advice its debt obli\u00adga\u00adti\u00adons or meet its working capi\u00adtal requi\u00adre\u00adments; <span class=\"caps\">AMD<\/span> has a sub\u00adstan\u00adti\u00adal amount of indeb\u00adted\u00adness which could adver\u00adse\u00adly affect its finan\u00adcial posi\u00adti\u00adon and pre\u00advent it from imple\u00admen\u00adting its stra\u00adtegy or ful\u00adfil\u00adling its con\u00adtrac\u00adtu\u00adal obli\u00adga\u00adti\u00adons; the agree\u00adments gover\u00adning <span class=\"caps\">AMD<\/span>\u2019s notes and the secu\u00adred revol\u00adving line of cre\u00addit for a prin\u00adci\u00adpal amount up to $500 mil\u00adli\u00adon (Secu\u00adred Revol\u00adving Line of Cre\u00addit) impo\u00adse rest\u00adric\u00adtions on <span class=\"caps\">AMD<\/span> that may adver\u00adse\u00adly affect its abili\u00adty to ope\u00adra\u00adte its busi\u00adness; the com\u00adple\u00adti\u00adon and impact of its 2015 res\u00adtruc\u00adtu\u00adring plan, its trans\u00adfor\u00adma\u00adti\u00adon initia\u00adti\u00adves and any future res\u00adtruc\u00adtu\u00adring actions could adver\u00adse\u00adly affect it; the mar\u00adkets in which <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts are sold are high\u00adly com\u00adpe\u00adti\u00adti\u00adve; uncer\u00adtain\u00adties invol\u00adving the orde\u00adring and ship\u00adment of <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts could mate\u00adri\u00adal\u00adly adver\u00adse\u00adly affect it; <span class=\"caps\">AMD<\/span>\u2019s receipt of reve\u00adnue from its semi-cus\u00adtom SoC pro\u00adducts is depen\u00addent upon its tech\u00adno\u00adlo\u00adgy being desi\u00adgned into third-par\u00adty pro\u00adducts and the suc\u00adcess of tho\u00adse pro\u00adducts; the demand for <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts depends in part on the mar\u00adket con\u00addi\u00adti\u00adons in the indus\u00adtries into which they are sold. Fluc\u00adtua\u00adtions in demand for <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts or a mar\u00adket decli\u00adne in any of the\u00adse indus\u00adtries could have a mate\u00adri\u00adal adver\u00adse effect on its results of ope\u00adra\u00adti\u00adons; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to design and intro\u00addu\u00adce new pro\u00adducts in a time\u00adly man\u00adner is depen\u00addent upon third-par\u00adty intellec\u00adtu\u00adal pro\u00adper\u00adty; <span class=\"caps\">AMD<\/span> depends on third-par\u00adty com\u00adpa\u00adnies for the design, manu\u00adfac\u00adtu\u00adre and sup\u00adp\u00adly of mother\u00adboards, soft\u00adware and other com\u00adpu\u00adter plat\u00adform com\u00adpon\u00adents to sup\u00adport its busi\u00adness; if <span class=\"caps\">AMD<\/span> loses\u00adMi\u00adcro\u00adsoft Corporation\u2019s sup\u00adport for its pro\u00adducts or other soft\u00adware ven\u00addors do not design and deve\u00adlop soft\u00adware to run on <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts, its abili\u00adty to sell its pro\u00adducts could be mate\u00adri\u00adal\u00adly adver\u00adse\u00adly affec\u00adted; <span class=\"caps\">AMD<\/span>\u2019s reli\u00adance on third-par\u00adty dis\u00adtri\u00adbu\u00adtors and <span class=\"caps\">AIB<\/span> part\u00adners sub\u00adjects it to cer\u00adtain risks; <span class=\"caps\">AMD<\/span>\u2019s ina\u00adbi\u00adli\u00adty to con\u00adti\u00adnue to attract and retain qua\u00adli\u00adfied per\u00adson\u00adnel may hin\u00adder its pro\u00adduct deve\u00adlo\u00adp\u00adment pro\u00adgrams; in the event of a chan\u00adge of con\u00adtrol, <span class=\"caps\">AMD<\/span> may not be able to repurcha\u00adse its out\u00adstan\u00adding debt as requi\u00adred by the appli\u00adca\u00adble inden\u00adtures and its Secu\u00adred Revol\u00adving Line of Cre\u00addit, which would result in a default under the inden\u00adtures and its Secu\u00adred Revol\u00adving Line of Cre\u00addit; the semi\u00adcon\u00adduc\u00adtor indus\u00adtry is high\u00adly cycli\u00adcal and has expe\u00adri\u00aden\u00adced seve\u00adre down\u00adturns that have mate\u00adri\u00adal\u00adly adver\u00adse\u00adly affec\u00adted, and may con\u00adti\u00adnue to mate\u00adri\u00adal\u00adly adver\u00adse\u00adly affect its busi\u00adness in the future; acqui\u00adsi\u00adti\u00adons, dives\u00adti\u00adtures and\/or joint ven\u00adtures could dis\u00adrupt its busi\u00adness, harm its finan\u00adcial con\u00addi\u00adti\u00adon and ope\u00adra\u00adting results or dilute, or adver\u00adse\u00adly affect the pri\u00adce of its com\u00admon stock; <span class=\"caps\">AMD<\/span>\u2019s busi\u00adness is depen\u00addent upon the pro\u00adper func\u00adtio\u00adning of its inter\u00adnal busi\u00adness pro\u00adces\u00adses and infor\u00adma\u00adti\u00adon sys\u00adtems and modi\u00adfi\u00adca\u00adti\u00adon or inter\u00adrup\u00adti\u00adon of such sys\u00adtems may dis\u00adrupt its busi\u00adness, pro\u00adces\u00adses and inter\u00adnal con\u00adtrols; data brea\u00adches and cyber-attacks could com\u00adpro\u00admi\u00adse <span class=\"caps\">AMD<\/span>\u2019s intellec\u00adtu\u00adal pro\u00adper\u00adty or other sen\u00adsi\u00adti\u00adve infor\u00adma\u00adti\u00adon, be cos\u00adt\u00adly to reme\u00addia\u00adte and cau\u00adse signi\u00adfi\u00adcant dama\u00adge to its busi\u00adness and repu\u00adta\u00adti\u00adon; <span class=\"caps\">AMD<\/span>\u2019s ope\u00adra\u00adting results are sub\u00adject to quar\u00adter\u00adly and sea\u00adso\u00adnal sales pat\u00adterns; if essen\u00adti\u00adal equip\u00adment, mate\u00adri\u00adals or manu\u00adfac\u00adtu\u00adring pro\u00adces\u00adses are not available to manu\u00adfac\u00adtu\u00adre its pro\u00adducts, <span class=\"caps\">AMD<\/span> could be mate\u00adri\u00adal\u00adly adver\u00adse\u00adly affec\u00adted; if <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts are not com\u00adpa\u00adti\u00adble with some or all indus\u00adtry-stan\u00addard soft\u00adware and hard\u00adware, it could be mate\u00adri\u00adal\u00adly adver\u00adse\u00adly affec\u00adted; cos\u00adts rela\u00adted to defec\u00adti\u00adve pro\u00adducts could have a mate\u00adri\u00adal adver\u00adse effect on <span class=\"caps\">AMD<\/span>; if <span class=\"caps\">AMD<\/span> fails to main\u00adtain the effi\u00adci\u00aden\u00adcy of its sup\u00adp\u00adly chain as it responds to chan\u00adges in cus\u00adto\u00admer demand for its pro\u00adducts, its busi\u00adness could be mate\u00adri\u00adal\u00adly adver\u00adse\u00adly affec\u00adted; <span class=\"caps\">AMD<\/span> out\u00adsour\u00adces to third par\u00adties cer\u00adtain sup\u00adp\u00adly-chain logi\u00adstics func\u00adtions, inclu\u00adding por\u00adti\u00adons of its pro\u00adduct dis\u00adtri\u00adbu\u00adti\u00adon, trans\u00adpor\u00adta\u00adti\u00adon manage\u00adment and infor\u00adma\u00adti\u00adon tech\u00adno\u00adlo\u00adgy sup\u00adport ser\u00advices; <span class=\"caps\">AMD<\/span> may incur future impairm\u00adents of good\u00adwill; <span class=\"caps\">AMD<\/span>\u2019s world\u00adwi\u00adde ope\u00adra\u00adti\u00adons are sub\u00adject to poli\u00adti\u00adcal, legal and eco\u00adno\u00admic risks and natu\u00adral dis\u00adas\u00adters, which could have a mate\u00adri\u00adal adver\u00adse effect on it; world\u00adwi\u00adde poli\u00adti\u00adcal con\u00addi\u00adti\u00adons may adver\u00adse\u00adly affect demand for <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts; unfa\u00advorable cur\u00adren\u00adcy exch\u00adan\u00adge rate fluc\u00adtua\u00adtions could adver\u00adse\u00adly affect <span class=\"caps\">AMD<\/span>; <span class=\"caps\">AMD<\/span>\u2019s ina\u00adbi\u00adli\u00adty to effec\u00adtively con\u00adtrol the sales of its pro\u00adducts on the gray mar\u00adket could have a mate\u00adri\u00adal adver\u00adse effect on it; if <span class=\"caps\">AMD<\/span> can\u00adnot ade\u00adqua\u00adte\u00adly pro\u00adtect its tech\u00adno\u00adlo\u00adgy or other intellec\u00adtu\u00adal pro\u00adper\u00adty in the United Sta\u00adtes and abroad, through patents, copy\u00adrights, trade secrets, trade\u00admarks and other mea\u00adsu\u00adres, it may lose a com\u00adpe\u00adti\u00adti\u00adve advan\u00adta\u00adge and incur signi\u00adfi\u00adcant expen\u00adses; <span class=\"caps\">AMD<\/span> is a par\u00adty to liti\u00adga\u00adti\u00adon and may beco\u00adme a par\u00adty to other claims or liti\u00adga\u00adti\u00adon that could cau\u00adse it to incur sub\u00adstan\u00adti\u00adal cos\u00adts or pay sub\u00adstan\u00adti\u00adal dama\u00adges or pro\u00adhi\u00adbit it from sel\u00adling its pro\u00adducts; <span class=\"caps\">AMD<\/span>\u2019s busi\u00adness is sub\u00adject to poten\u00adti\u00adal tax lia\u00adbi\u00adli\u00adties; a varie\u00adty of envi\u00adron\u00admen\u00adtal laws that <span class=\"caps\">AMD<\/span> is sub\u00adject to could result in addi\u00adtio\u00adnal cos\u00adts and lia\u00adbi\u00adli\u00adties; and hig\u00adher health care cos\u00adts and labor cos\u00adts could adver\u00adse\u00adly affect <span class=\"caps\">AMD<\/span>\u2019s busi\u00adness. Inves\u00adtors are urged to review in detail the risks and uncer\u00adtain\u00adties in <span class=\"caps\">AMD<\/span>\u2019s Secu\u00adri\u00adties and Exch\u00adan\u00adge Com\u00admis\u00adsi\u00adon filings, inclu\u00adding but not limi\u00adt\u00aded to <span class=\"caps\">AMD<\/span>\u2019s Annu\u00adal Report on Form 10\u2011K for the year ended Decem\u00adber 26,&nbsp;2015.<\/p>\n<p><em><em><span class=\"caps\">AMD<\/span>, the <span class=\"caps\">AMD<\/span> Arrow logo, Cata\u00adlyst, Fire\u00adPro, Rade\u00adon, and com\u00adbi\u00adna\u00adti\u00adons the\u00adreof, are trade\u00admarks of Advan\u00adced Micro Devices, Inc. <span class=\"caps\">ARM<\/span> is a regis\u00adtered trade\u00admark ofARM Limi\u00adt\u00aded in the <span class=\"caps\">EU<\/span> and other count\u00adries. DirectX, Micro\u00adsoft and Win\u00addows are regis\u00adtered trade\u00admarks of Micro\u00adsoft Cor\u00adpo\u00adra\u00adti\u00adon in the <span class=\"caps\">US<\/span> and other juris\u00addic\u00adtions. Other names are for infor\u00adma\u00adtio\u00adnal pur\u00adpo\u00adses only and used to iden\u00adti\u00adfy com\u00adpa\u00adnies and pro\u00adducts and may be trade\u00admarks of their respec\u00adti\u00adve&nbsp;owner.<\/em><\/em><\/p>\n<p><em>1<\/em> In this ear\u00adnings press release, in addi\u00adti\u00adon to <span class=\"caps\">GAAP<\/span> finan\u00adcial results, <span class=\"caps\">AMD<\/span> has pro\u00advi\u00added non-GAAP finan\u00adcial mea\u00adsu\u00adres inclu\u00adding non-GAAP gross mar\u00adgin, non-GAAP ope\u00adra\u00adting inco\u00adme (loss), non-GAAP ope\u00adra\u00adting expen\u00adses, non-GAAP rese\u00adarch and deve\u00adlo\u00adp\u00adment and mar\u00adke\u00adting, gene\u00adral and admi\u00adnis\u00adtra\u00adti\u00adve expen\u00adses, non-GAAP net inco\u00adme (loss) and non-GAAP ear\u00adnings (loss) per share. The\u00adse non-GAAP finan\u00adcial mea\u00adsu\u00adres reflect cer\u00adtain adjus\u00adt\u00adments as pre\u00adsen\u00adted in the tables in this ear\u00adnings press release. <span class=\"caps\">AMD<\/span> also pro\u00advi\u00added adjus\u00adted <span class=\"caps\">EBITDA<\/span> and non-GAAP free cash flow as sup\u00adple\u00admen\u00adtal mea\u00adsu\u00adres of its per\u00adfor\u00admance. The\u00adse items are defi\u00adned in the foot\u00adno\u00adtes to the sel\u00adec\u00adted cor\u00adpo\u00adra\u00adte data tables pro\u00advi\u00added at the end of this ear\u00adnings press release. <span class=\"caps\">AMD<\/span> is pro\u00advi\u00adding the\u00adse finan\u00adcial mea\u00adsu\u00adres becau\u00adse it belie\u00adves this non-GAAP pre\u00adsen\u00adta\u00adti\u00adon makes it easier for inves\u00adtors to compa\u00adre its ope\u00adra\u00adting results for cur\u00adrent and his\u00adto\u00adri\u00adcal peri\u00adods and also becau\u00adse <span class=\"caps\">AMD<\/span> belie\u00adves it assists inves\u00adtors in com\u00adpa\u00adring <span class=\"caps\">AMD<\/span>\u2019s per\u00adfor\u00admance across report\u00ading peri\u00adods on a con\u00adsis\u00adtent basis by exclu\u00adding items that it does not belie\u00adve are indi\u00adca\u00adti\u00adve of its core ope\u00adra\u00adting per\u00adfor\u00admance and for the other reasons descri\u00adbed in the <span class=\"caps\">CFO<\/span> Commentary.<\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"12\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\"><em><span class=\"caps\">ADVANCED<\/span> <span class=\"caps\">MICRO<\/span> <span class=\"caps\">DEVICES<\/span>, <span class=\"caps\">INC<\/span>.<\/em><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\"><em><span class=\"caps\">CONDENSED<\/span> <span class=\"caps\">CONSOLIDATED<\/span> <span class=\"caps\">STATEMENTS<\/span> <span class=\"caps\">OF<\/span> <span class=\"caps\">OPERATIONS<\/span><\/em><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\"><em>(Mil\u00adli\u00adons except per share amounts and percentages)<\/em><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td colspan=\"10\">Three Months Ended<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td colspan=\"2\">March 26,<br>\n2016<\/td>\n<td><\/td>\n<td><\/td>\n<td colspan=\"2\">Decem\u00adber&nbsp;26,<br>\n2015<\/td>\n<td><\/td>\n<td><\/td>\n<td colspan=\"2\">March 28,<br>\n2015<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Net reve\u00adnue<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>832<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>958<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>1,030<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Cost of&nbsp;sales<\/td>\n<td><\/td>\n<td><\/td>\n<td>563<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>675<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>704<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Gross mar\u00adgin<\/td>\n<td><\/td>\n<td><\/td>\n<td>269<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>283<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>326<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Gross mar\u00adgin %<\/td>\n<td><\/td>\n<td><\/td>\n<td>32<\/td>\n<td>%<\/td>\n<td><\/td>\n<td><\/td>\n<td>30<\/td>\n<td>%<\/td>\n<td><\/td>\n<td><\/td>\n<td>32<\/td>\n<td>%<\/td>\n<\/tr>\n<tr>\n<td>Rese\u00adarch and development<\/td>\n<td><\/td>\n<td><\/td>\n<td>242<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>229<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>242<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Mar\u00adke\u00adting, gene\u00adral and administrative<\/td>\n<td><\/td>\n<td><\/td>\n<td>105<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>109<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>131<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Amor\u00adtiza\u00adti\u00adon of acqui\u00adred intan\u00adgi\u00adble assets<\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>3<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Res\u00adtruc\u00adtu\u00adring and other spe\u00adcial char\u00adges,&nbsp;net<\/td>\n<td><\/td>\n<td><\/td>\n<td>(3<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>(6<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>87<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Licen\u00adsing&nbsp;gain<\/td>\n<td><\/td>\n<td><\/td>\n<td>(7<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting&nbsp;loss<\/td>\n<td><\/td>\n<td><\/td>\n<td>(68<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>(49<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>(137<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td>Inte\u00adrest expense<\/td>\n<td><\/td>\n<td><\/td>\n<td>(40<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>(41<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>(40<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td>Other expen\u00adse,&nbsp;net<\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>(2<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Loss befo\u00adre inco\u00adme&nbsp;taxes<\/td>\n<td><\/td>\n<td><\/td>\n<td>(108<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>(92<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>(177<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td>Pro\u00advi\u00adsi\u00adon for inco\u00adme&nbsp;taxes<\/td>\n<td><\/td>\n<td><\/td>\n<td>1<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>10<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>3<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Net loss<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(109<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(102<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(180<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td>Net loss per&nbsp;share<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Basic<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(0.14<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(0.13<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(0.23<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td>Diluted<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(0.14<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(0.13<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(0.23<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td>Shares used in per share calculation<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Basic<\/td>\n<td><\/td>\n<td><\/td>\n<td>793<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>791<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>777<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Diluted<\/td>\n<td><\/td>\n<td><\/td>\n<td>793<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>791<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>777<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\"><em><span class=\"caps\">ADVANCED<\/span> <span class=\"caps\">MICRO<\/span> <span class=\"caps\">DEVICES<\/span>, <span class=\"caps\">INC<\/span>.<\/em><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\"><em><span class=\"caps\">CONDENSED<\/span> <span class=\"caps\">CONSOLIDATED<\/span> <span class=\"caps\">STATEMENTS<\/span> <span class=\"caps\">OF<\/span> <span class=\"caps\">COMPREHENSIVE<\/span> <span class=\"caps\">LOSS<\/span><\/em><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"12\"><em>(Mil\u00adli\u00adons)<\/em><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td colspan=\"10\">Three Months Ended<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td colspan=\"2\">March 26,<br>\n2016<\/td>\n<td><\/td>\n<td><\/td>\n<td colspan=\"2\">Decem\u00adber&nbsp;26,<br>\n2015<\/td>\n<td><\/td>\n<td><\/td>\n<td colspan=\"2\">March 28,<br>\n2015<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Total com\u00adpre\u00adhen\u00adsi\u00adve&nbsp;loss<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(107<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(95<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(187<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<tbody>\n<tr>\n<td colspan=\"10\"><em><span class=\"caps\">ADVANCED<\/span> <span class=\"caps\">MICRO<\/span> <span class=\"caps\">DEVICES<\/span>, <span class=\"caps\">INC<\/span>.<\/em><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"10\"><em><span class=\"caps\">CONDENSED<\/span> <span class=\"caps\">CONSOLIDATED<\/span> <span class=\"caps\">BALANCE<\/span> <span class=\"caps\">SHEETS<\/span> <\/em><em><em>(1) (2)<\/em><\/em><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"10\"><em>(Mil\u00adli\u00adons)<\/em><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"10\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td colspan=\"2\">March 26,<br>\n2016<\/td>\n<td><\/td>\n<td><\/td>\n<td colspan=\"2\">Decem\u00adber&nbsp;26,<br>\n2015<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><em>Assets<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\">Cur\u00adrent assets:<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Cash and cash equivalents<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>716<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>785<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Accounts receiva\u00adble,&nbsp;net<\/td>\n<td><\/td>\n<td><\/td>\n<td>508<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>533<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Invent\u00adories, net<\/td>\n<td><\/td>\n<td><\/td>\n<td>675<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>678<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Pre\u00adpay\u00adment and other \u2014 <span class=\"caps\">GLOBALFOUNDRIES<\/span><\/td>\n<td><\/td>\n<td><\/td>\n<td>26<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>33<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Pre\u00adpaid expenses<\/td>\n<td><\/td>\n<td><\/td>\n<td>49<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>43<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Other cur\u00adrent assets<\/td>\n<td><\/td>\n<td><\/td>\n<td>252<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>248<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Total cur\u00adrent assets<\/td>\n<td><\/td>\n<td><\/td>\n<td>2,226<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>2,320<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\">Pro\u00adper\u00adty, plant and equip\u00adment,&nbsp;net<\/td>\n<td><\/td>\n<td><\/td>\n<td>176<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>188<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\">Good\u00adwill<\/td>\n<td><\/td>\n<td><\/td>\n<td>278<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>278<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\">Other assets<\/td>\n<td><\/td>\n<td><\/td>\n<td>301<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>298<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><em>Total Assets<\/em><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>2,981<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>3,084<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><em>Lia\u00adbi\u00adli\u00adties and Stock\u00adhol\u00adders\u2019 Equi\u00adty (Defi\u00adcit)<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\">Cur\u00adrent liabilities:<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Short-term debt<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>230<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>230<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Accounts paya\u00adble<\/td>\n<td><\/td>\n<td><\/td>\n<td>324<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>279<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Paya\u00adble to <span class=\"caps\">GLOBALFOUNDRIES<\/span><\/td>\n<td><\/td>\n<td><\/td>\n<td>233<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>245<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Accrued lia\u00adbi\u00adli\u00adties<\/td>\n<td><\/td>\n<td><\/td>\n<td>347<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>472<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Other cur\u00adrent liabilities<\/td>\n<td><\/td>\n<td><\/td>\n<td>151<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>124<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Defer\u00adred inco\u00adme on ship\u00adments to distributors<\/td>\n<td><\/td>\n<td><\/td>\n<td>43<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>53<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Total cur\u00adrent liabilities<\/td>\n<td><\/td>\n<td><\/td>\n<td>1,328<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>1,403<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\">Long-term debt<\/td>\n<td><\/td>\n<td><\/td>\n<td>2,006<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>2,007<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\">Other long-term liabilities<\/td>\n<td><\/td>\n<td><\/td>\n<td>150<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>86<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\">Stock\u00adhol\u00adders\u2019 equi\u00adty (defi\u00adcit):<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Capi\u00adtal&nbsp;stock:<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Com\u00admon stock, par&nbsp;value<\/td>\n<td><\/td>\n<td><\/td>\n<td>8<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>8<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Addi\u00adtio\u00adnal paid-in capital<\/td>\n<td><\/td>\n<td><\/td>\n<td>7,033<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>7,017<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Tre\u00adasu\u00adry stock, at&nbsp;cost<\/td>\n<td><\/td>\n<td><\/td>\n<td>(123<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>(123<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Accu\u00admu\u00adla\u00adted deficit<\/td>\n<td><\/td>\n<td><\/td>\n<td>(7,415<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>(7,306<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Accu\u00admu\u00adla\u00adted other com\u00adpre\u00adhen\u00adsi\u00adve&nbsp;loss<\/td>\n<td><\/td>\n<td><\/td>\n<td>(6<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>(8<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Total Stock\u00adhol\u00adders\u2019 equi\u00adty (defi\u00adcit)<\/td>\n<td><\/td>\n<td><\/td>\n<td>(503<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>(412<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><em>Total Lia\u00adbi\u00adli\u00adties and Stock\u00adhol\u00adders\u2019 Equi\u00adty (Defi\u00adcit)<\/em><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>2,981<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>3,084<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"10\"><em>(1)<\/em> Amounts reflec\u00adted adop\u00adti\u00adon of <span class=\"caps\">FASB<\/span> <span class=\"caps\">ASU<\/span> 2015\u201317, <em>Balan\u00adce Sheet Clas\u00adsi\u00adfi\u00adca\u00adti\u00adon of Defer\u00adred Taxes <\/em>in the first quar\u00adter of&nbsp;2016.<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"10\"><em>(2)<\/em> Amounts reflec\u00adted adop\u00adti\u00adon of <span class=\"caps\">FASB<\/span> <span class=\"caps\">ASU<\/span> 2015-03, <em>Sim\u00adpli\u00adfy\u00ading the Pre\u00adsen\u00adta\u00adti\u00adon of Debt Issu\u00adan\u00adce Cos\u00adts <\/em>in the first quar\u00adter of&nbsp;2016.<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"10\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"10\"><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<tbody>\n<tr>\n<td colspan=\"6\"><em><span class=\"caps\">ADVANCED<\/span> <span class=\"caps\">MICRO<\/span> <span class=\"caps\">DEVICES<\/span>, <span class=\"caps\">INC<\/span>.<\/em><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"6\"><em><span class=\"caps\">CONDENSED<\/span> <span class=\"caps\">CONSOLIDATED<\/span> <span class=\"caps\">STATEMENT<\/span> <span class=\"caps\">OF<\/span> <span class=\"caps\">CASH<\/span>&nbsp;<span class=\"caps\">FLOWS<\/span><\/em><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"6\"><em>(Mil\u00adli\u00adons)<\/em><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"6\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td colspan=\"2\">Three Months Ended<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td colspan=\"2\">March 26,<br>\n2016<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><em>Cash flows from ope\u00adra\u00adting activities:<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Net Loss<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(109<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Adjus\u00adt\u00adments to recon\u00adci\u00adle net loss to net cash used in ope\u00adra\u00adting activities:<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Depre\u00adcia\u00adti\u00adon and amortization<\/td>\n<td><\/td>\n<td><\/td>\n<td>33<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Stock-based com\u00adpen\u00adsa\u00adti\u00adon expense<\/td>\n<td><\/td>\n<td><\/td>\n<td>16<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Non-cash inte\u00adrest expense<\/td>\n<td><\/td>\n<td><\/td>\n<td>4<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Other<\/td>\n<td><\/td>\n<td><\/td>\n<td>(5<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Chan\u00adges in ope\u00adra\u00adting assets and liabilities:<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Accounts receiva\u00adble<\/td>\n<td><\/td>\n<td><\/td>\n<td>26<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Invent\u00adories<\/td>\n<td><\/td>\n<td><\/td>\n<td>3<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Pre\u00adpay\u00adment and other \u2014 <span class=\"caps\">GLOBALFOUNDRIES<\/span><\/td>\n<td><\/td>\n<td><\/td>\n<td>7<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Pre\u00adpaid expen\u00adses and other assets<\/td>\n<td><\/td>\n<td><\/td>\n<td>22<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Accounts paya\u00adble, accrued lia\u00adbi\u00adli\u00adties and&nbsp;other<\/td>\n<td><\/td>\n<td><\/td>\n<td>(27<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Paya\u00adble to <span class=\"caps\">GLOBALFOUNDRIES<\/span><\/td>\n<td><\/td>\n<td><\/td>\n<td>(12<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><em>Net cash used in ope\u00adra\u00adting activities<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(42<\/em><\/td>\n<td><em>)<\/em><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><em>Cash flows from inves\u00adt\u00ading activities:<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Purcha\u00adses of pro\u00adper\u00adty, plant and equipment<\/td>\n<td><\/td>\n<td><\/td>\n<td>(26<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><em>Net cash used in inves\u00adt\u00ading activities<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(26<\/em><\/td>\n<td><em>)<\/em><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><em>Cash flows from finan\u00adcing activities:<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Other<\/td>\n<td><\/td>\n<td><\/td>\n<td>(1<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><em>Net cash used in finan\u00adcing activities<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(1<\/em><\/td>\n<td><em>)<\/em><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\">Net decrease in cash and cash equivalents<\/td>\n<td><\/td>\n<td><\/td>\n<td>(69<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><em>Cash and cash equi\u00adva\u00adlents at begin\u00adning of period<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>785<\/em><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><em>Cash and cash equi\u00adva\u00adlents at end of period<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>716<\/em><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<tbody>\n<tr>\n<td colspan=\"15\"><em><span class=\"caps\">ADVANCED<\/span> <span class=\"caps\">MICRO<\/span> <span class=\"caps\">DEVICES<\/span>, <span class=\"caps\">INC<\/span>.<\/em><\/td>\n<\/tr>\n<tr>\n<td colspan=\"15\"><em><span class=\"caps\">SELECTED<\/span> <span class=\"caps\">CORPORATE<\/span> <span class=\"caps\">DATA<\/span><\/em><\/td>\n<\/tr>\n<tr>\n<td colspan=\"15\"><em>(Mil\u00adli\u00adons except headcount)<\/em><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td colspan=\"11\">Three Months Ended<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><em>Seg\u00adment and Cate\u00adgo\u00adry Information<\/em><\/td>\n<td><\/td>\n<td colspan=\"3\">March 26,<br>\n2016<\/td>\n<td><\/td>\n<td colspan=\"3\">Decem\u00adber&nbsp;26,<br>\n2015<\/td>\n<td><\/td>\n<td colspan=\"3\">March 28,<br>\n2015<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Com\u00adpu\u00adting and Gra\u00adphics <em>(1)<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Net reve\u00adnue<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>460<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>470<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>532<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Ope\u00adra\u00adting&nbsp;loss<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(70<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(99<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(75<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Enter\u00adpri\u00adse, Embedded and Semi-Cus\u00adtom <em>(2)<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Net reve\u00adnue<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>372<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>488<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>498<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Ope\u00adra\u00adting income<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>16<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>59<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>45<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">All Other <em>(3)<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Net reve\u00adnue<\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>Ope\u00adra\u00adting&nbsp;loss<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(14<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(9<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(107<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><em>Total<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><em>Net reve\u00adnue<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>832<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>958<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>1,030<\/em><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><em>Ope\u00adra\u00adting&nbsp;loss<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(68<\/em><\/td>\n<td><em>)<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(49<\/em><\/td>\n<td><em>)<\/em><\/td>\n<td><\/td>\n<td><em>$<\/em><\/td>\n<td><em>(137<\/em><\/td>\n<td><em>)<\/em><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><em>Other Data<\/em><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Depre\u00adcia\u00adti\u00adon and amor\u00adtiza\u00adti\u00adon, exclu\u00adding amor\u00adtiza\u00adti\u00adon of acqui\u00adred intan\u00adgi\u00adble assets<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>33<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>34<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>43<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Capi\u00adtal additions<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>26<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>32<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>22<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Adjus\u00adted <span class=\"caps\">EBITDA<\/span> <em>(4)<\/em><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(22<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(5<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>13<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Cash and cash equivalents<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>716<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>785<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>906<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Non-GAAP free cash flow <em>(5)<\/em><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(68<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>27<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(194<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Total assets<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>2,981<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>3,084<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>3,399<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Total debt<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>2,236<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>2,237<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>2,239<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"2\">Head\u00adcount<\/td>\n<td><\/td>\n<td><\/td>\n<td>9,047<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>9,139<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>9,583<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\">See foot\u00adno\u00adtes on the next&nbsp;page<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\"><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<tbody>\n<tr>\n<td><em>(1)<\/em><\/td>\n<td colspan=\"12\">Com\u00adpu\u00adting and Gra\u00adphics seg\u00adment pri\u00adma\u00adri\u00adly includes desk\u00adtop and note\u00adbook pro\u00adces\u00adsors, chip\u00adsets, dis\u00adcrete gra\u00adphics pro\u00adces\u00adsing units (GPUs) and pro\u00adfes\u00adsio\u00adnal graphics.<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><em>(2)<\/em><\/td>\n<td colspan=\"12\">Enter\u00adpri\u00adse, Embedded and Semi-Cus\u00adtom seg\u00adment pri\u00adma\u00adri\u00adly includes ser\u00adver and embedded pro\u00adces\u00adsors, semi-cus\u00adtom Sys\u00adtem-on-Chip (SoC) pro\u00adducts, deve\u00adlo\u00adp\u00adment ser\u00advices, tech\u00adno\u00adlo\u00adgy for game con\u00adso\u00adles and licen\u00adsing&nbsp;gain.<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><em>(3)<\/em><\/td>\n<td colspan=\"12\">All Other cate\u00adgo\u00adry pri\u00adma\u00adri\u00adly includes cer\u00adtain expen\u00adses and cre\u00addits that are not allo\u00adca\u00adted to any of the ope\u00adra\u00adting seg\u00adments. Also included in this cate\u00adgo\u00adry are stock-based com\u00adpen\u00adsa\u00adti\u00adon expen\u00adse and res\u00adtruc\u00adtu\u00adring and other spe\u00adcial char\u00adges, net. In addi\u00adti\u00adon, the Com\u00adpa\u00adny also included amor\u00adtiza\u00adti\u00adon of acqui\u00adred intan\u00adgi\u00adble assets for the first quar\u00adter of&nbsp;2015.<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<td><\/td>\n<td colspan=\"2\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><em>(4)<\/em><\/td>\n<td colspan=\"12\"><em>Recon\u00adci\u00adlia\u00adti\u00adon of <span class=\"caps\">GAAP<\/span> Ope\u00adra\u00adting Loss to Adjus\u00adted <span class=\"caps\">EBITDA<\/span>*<\/em><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"12\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td colspan=\"10\">Three Months Ended<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td colspan=\"2\">March 26,<br>\n2016<\/td>\n<td><\/td>\n<td><\/td>\n<td colspan=\"2\">Decem\u00adber&nbsp;26,<br>\n2015<\/td>\n<td><\/td>\n<td><\/td>\n<td colspan=\"2\">March 28,<br>\n2015<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><span class=\"caps\">GAAP<\/span> ope\u00adra\u00adting&nbsp;loss<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(68<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(49<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(137<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Res\u00adtruc\u00adtu\u00adring and other spe\u00adcial char\u00adges,&nbsp;net<\/td>\n<td><\/td>\n<td><\/td>\n<td>(3<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>(6<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>87<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Stock-based com\u00adpen\u00adsa\u00adti\u00adon expense<\/td>\n<td><\/td>\n<td><\/td>\n<td>16<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>16<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>17<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Amor\u00adtiza\u00adti\u00adon of acqui\u00adred intan\u00adgi\u00adble assets<\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>-<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>3<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Depre\u00adcia\u00adti\u00adon and amortization<\/td>\n<td><\/td>\n<td><\/td>\n<td>33<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>34<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>43<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Adjus\u00adted <span class=\"caps\">EBITDA<\/span><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(22<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(5<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>13<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><em>(5)<\/em><\/td>\n<td colspan=\"13\"><em>Non-GAAP free cash flow reconciliation**<\/em><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td colspan=\"9\">Three Months Ended<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>March 26,<br>\n2016<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>Decem\u00adber&nbsp;26,<br>\n2015<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td>March 28,<br>\n2015<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><span class=\"caps\">GAAP<\/span> net cash pro\u00advi\u00added by (used in) ope\u00adra\u00adting activities<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(42<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>59<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(172<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Purcha\u00adses of pro\u00adper\u00adty, plant and equipment<\/td>\n<td><\/td>\n<td><\/td>\n<td>(26<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>(32<\/td>\n<td>)<\/td>\n<td><\/td>\n<td><\/td>\n<td>(22<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>Non-GAAP free cash&nbsp;flow<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(68<\/td>\n<td>)<\/td>\n<td><\/td>\n<td>$<\/td>\n<td>27<\/td>\n<td><\/td>\n<td><\/td>\n<td>$<\/td>\n<td>(194<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>*<\/td>\n<td colspan=\"12\">The Com\u00adpa\u00adny pres\u00adents \u201cAdjus\u00adted <span class=\"caps\">EBITDA<\/span>\u201d as a sup\u00adple\u00admen\u00adtal mea\u00adsu\u00adre of its per\u00adfor\u00admance. Adjus\u00adted <span class=\"caps\">EBITDA<\/span> for the Com\u00adpa\u00adny is deter\u00admi\u00adned by adjus\u00adting ope\u00adra\u00adting inco\u00adme (loss) for depre\u00adcia\u00adti\u00adon and amor\u00adtiza\u00adti\u00adon, stock-based com\u00adpen\u00adsa\u00adti\u00adon expen\u00adse and res\u00adtruc\u00adtu\u00adring and other spe\u00adcial char\u00adges, net. In addi\u00adti\u00adon, the com\u00adpa\u00adny excluded amor\u00adtiza\u00adti\u00adon of acqui\u00adred intan\u00adgi\u00adble assets for the first quar\u00adter of 2015. The Com\u00adpa\u00adny cal\u00adcu\u00adla\u00adtes and com\u00admu\u00adni\u00adca\u00adtes Adjus\u00adted <span class=\"caps\">EBITDA<\/span> becau\u00adse the Company\u2019s manage\u00adment belie\u00adves it is of importance to inves\u00adtors and len\u00adders in rela\u00adti\u00adon to its over\u00adall capi\u00adtal struc\u00adtu\u00adre and its abili\u00adty to bor\u00adrow addi\u00adtio\u00adnal funds. In addi\u00adti\u00adon, the Com\u00adpa\u00adny pres\u00adents Adjus\u00adted <span class=\"caps\">EBITDA<\/span> becau\u00adse it belie\u00adves this mea\u00adsu\u00adre assists inves\u00adtors in com\u00adpa\u00adring its per\u00adfor\u00admance across report\u00ading peri\u00adods on a con\u00adsis\u00adtent basis by exclu\u00adding items that the Com\u00adpa\u00adny does not belie\u00adve are indi\u00adca\u00adti\u00adve of its core ope\u00adra\u00adting per\u00adfor\u00admance. The Company\u2019s cal\u00adcu\u00adla\u00adti\u00adon of Adjus\u00adted <span class=\"caps\">EBITDA<\/span> may or may not be con\u00adsis\u00adtent with the cal\u00adcu\u00adla\u00adti\u00adon of this mea\u00adsu\u00adre by other com\u00adpa\u00adnies in the same indus\u00adtry. Inves\u00adtors should not view Adjus\u00adted <span class=\"caps\">EBITDA<\/span> as an alter\u00adna\u00adti\u00adve to the <span class=\"caps\">GAAP<\/span> ope\u00adra\u00adting mea\u00adsu\u00adre of ope\u00adra\u00adting inco\u00adme (loss) or <span class=\"caps\">GAAP<\/span> liqui\u00addi\u00adty mea\u00adsu\u00adres of cash flows from ope\u00adra\u00adting, inves\u00adt\u00ading and finan\u00adcing acti\u00advi\u00adties. In addi\u00adti\u00adon, Adjus\u00adted <span class=\"caps\">EBITDA<\/span> does not take into account chan\u00adges in cer\u00adtain assets and lia\u00adbi\u00adli\u00adties as well as inte\u00adrest and inco\u00adme taxes that can affect cash&nbsp;flows.<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"12\"><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>**<\/td>\n<td colspan=\"12\">The Com\u00adpa\u00adny also pres\u00adents non-GAAP free cash flow as a sup\u00adple\u00admen\u00adtal mea\u00adsu\u00adre of its per\u00adfor\u00admance. Non-GAAP free cash flow is deter\u00admi\u00adned by adjus\u00adting <span class=\"caps\">GAAP<\/span> net cash pro\u00advi\u00added by (used in) ope\u00adra\u00adting acti\u00advi\u00adties for capi\u00adtal expen\u00addit\u00adures. The Com\u00adpa\u00adny cal\u00adcu\u00adla\u00adtes and com\u00admu\u00adni\u00adca\u00adtes non-GAAP free cash flow in the finan\u00adcial ear\u00adnings press release becau\u00adse the Company\u2019s manage\u00adment belie\u00adves it is of importance to inves\u00adtors to under\u00adstand the natu\u00adre of the\u00adse cash flows. The Company\u2019s cal\u00adcu\u00adla\u00adti\u00adon of non-GAAP free cash flow may or may not be con\u00adsis\u00adtent with the cal\u00adcu\u00adla\u00adti\u00adon of this mea\u00adsu\u00adre by other com\u00adpa\u00adnies in the same indus\u00adtry. Inves\u00adtors should not view non-GAAP free cash flow as an alter\u00adna\u00adti\u00adve to <span class=\"caps\">GAAP<\/span> liqui\u00addi\u00adty mea\u00adsu\u00adres of cash flows from ope\u00adra\u00adting acti\u00advi\u00adties. The Com\u00adpa\u00adny has pro\u00advi\u00added recon\u00adci\u00adlia\u00adti\u00adons within the ear\u00adnings press release of the\u00adse non-GAAP finan\u00adcial mea\u00adsu\u00adres to the most direct\u00adly com\u00adpa\u00adra\u00adble <span class=\"caps\">GAAP<\/span> finan\u00adcial measures.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exe\u00adcu\u00adted a Meaningful Step in <span class=\"caps\">IP<\/span> Mone\u00adtiza\u00adti\u00adon Stra\u00adtegy to Acce\u00adle\u00adra\u00adte <span class=\"caps\">AMD<\/span>\u2019s Growth; Assem\u00adbly, Test, Mark and Pack (<span class=\"caps\">ATMP<\/span>) Joint Ven\u00adture (<span class=\"caps\">JV<\/span>) Tran\u00adsac\u00adtion Remains on Track to Clo\u00adse in <span class=\"caps\">Q2<\/span> <span class=\"caps\">2016SUNNYVALE<\/span>, <span class=\"caps\">CA<\/span> \u2014 (Mar\u00adket\u00adwired) \u2014 04\/21\/16 \u2014 <span class=\"caps\">AMD<\/span> (<span class=\"caps\">NASDAQ<\/span>: <span class=\"caps\">AMD<\/span>) today announ\u00adced reve\u00adnue for the first quar\u00adter of 2016 of $832 mil\u00adli\u00adon, ope\u00adra\u00adting loss of $68 (\u2026) <a class=\"moretag\" href=\"https:\/\/www.planet3dnow.de\/cms\/23214-amd-reports-2016-first-quarter-results\/\">Wei\u00adter\u00adle\u00adsen&nbsp;\u00bb<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"ngg_post_thumbnail":0,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-23214","post","type-post","status-publish","format-standard","hentry","category-pressemitteilungen","entry"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/23214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/comments?post=23214"}],"version-history":[{"count":1,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/23214\/revisions"}],"predecessor-version":[{"id":23215,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/23214\/revisions\/23215"}],"wp:attachment":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/media?parent=23214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/categories?post=23214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/tags?post=23214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}