{"id":63793,"date":"2021-10-26T22:21:40","date_gmt":"2021-10-26T20:21:40","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=63793"},"modified":"2021-10-26T22:21:40","modified_gmt":"2021-10-26T20:21:40","slug":"amd-reports-third-quarter-2021-financial-results","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/63793-amd-reports-third-quarter-2021-financial-results\/","title":{"rendered":"<span class=\"caps\">AMD<\/span> Reports Third Quarter 2021 Financial Results"},"content":{"rendered":"<p align=\"center\"><em>\u2014 Reve\u00adnue increased 54 per\u00adcent year-over-year&nbsp;\u2014<br>\n<\/em><em>\u2014 Gross Mar\u00adgin grew more than 4 per\u00adcen\u00adta\u00adge points year-over-year to 48 percent&nbsp;\u2014<\/em><\/p>\n<p align=\"left\"><span class=\"caps\">SANTA<\/span> <span class=\"caps\">CLARA<\/span>, Calif., Oct. 26, 2021 (<span class=\"caps\">GLOBE<\/span> <span class=\"caps\">NEWSWIRE<\/span>) \u2014&nbsp;<a href=\"https:\/\/www.amd.com\/\" target=\"_blank\" rel=\"nofollow noopener\"><span class=\"caps\">AMD<\/span><\/a>&nbsp;(<span class=\"caps\">NASDAQ<\/span>: <span class=\"caps\">AMD<\/span>) today announ\u00adced reve\u00adnue for the third quar\u00adter of 2021 of $4.3 bil\u00adli\u00adon, ope\u00adra\u00adting inco\u00adme of $948 mil\u00adli\u00adon, net inco\u00adme of $923 mil\u00adli\u00adon and diluted ear\u00adnings per share of $0.75. On a non-GAAP* basis, ope\u00adra\u00adting inco\u00adme was $1.1 bil\u00adli\u00adon, net inco\u00adme was $893 mil\u00adli\u00adon and diluted ear\u00adnings per share were $0.73.<\/p>\n<p align=\"center\"><strong><span class=\"caps\">GAAP<\/span> Quar\u00adter\u00adly Finan\u00adcial Results<\/strong><\/p>\n<table align=\"center\">\n<tbody>\n<tr>\n<td>&nbsp;<\/td>\n<td colspan=\"1\"><strong><span class=\"caps\">Q3<\/span> 2021<\/strong><\/td>\n<td colspan=\"1\"><strong><span class=\"caps\">Q3<\/span> 2020<\/strong><\/td>\n<td><strong>Y\/Y<\/strong><\/td>\n<td colspan=\"1\"><strong><span class=\"caps\">Q2<\/span> 2021<\/strong><\/td>\n<td><strong>Q\/Q<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Reve\u00adnue ($M)<\/td>\n<td colspan=\"1\">$4,313<\/td>\n<td colspan=\"1\">$2,801<\/td>\n<td>Up 54%<\/td>\n<td colspan=\"1\">$3,850<\/td>\n<td>Up 12%<\/td>\n<\/tr>\n<tr>\n<td>Gross pro\u00adfit ($M)<\/td>\n<td colspan=\"1\">$2,086<\/td>\n<td colspan=\"1\">$1,230<\/td>\n<td>Up 70%<\/td>\n<td colspan=\"1\">$1,830<\/td>\n<td>Up 14%<\/td>\n<\/tr>\n<tr>\n<td>Gross mar\u00adgin %<\/td>\n<td>48%<\/td>\n<td>44%<\/td>\n<td>Up 450&nbsp;bps<\/td>\n<td>48%<\/td>\n<td>Up 80&nbsp;bps<\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n<td colspan=\"1\">$1,141<\/td>\n<td colspan=\"1\">$781<\/td>\n<td>Up 46%<\/td>\n<td colspan=\"1\">$1,000<\/td>\n<td>Up 14%<\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting inco\u00adme ($M)<\/td>\n<td colspan=\"1\">$948<\/td>\n<td colspan=\"1\">$449<\/td>\n<td>Up 111%<\/td>\n<td colspan=\"1\">$831<\/td>\n<td>Up 14%<\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting margin&nbsp;%<\/td>\n<td>22%<\/td>\n<td>16%<\/td>\n<td>Up 6pp<\/td>\n<td>22%<\/td>\n<td>Flat<\/td>\n<\/tr>\n<tr>\n<td>Net inco\u00adme ($M)<\/td>\n<td colspan=\"1\">$923<\/td>\n<td colspan=\"1\">$390<\/td>\n<td>Up 137%<\/td>\n<td colspan=\"1\">$710<\/td>\n<td>Up 30%<\/td>\n<\/tr>\n<tr>\n<td>Ear\u00adnings per&nbsp;share<\/td>\n<td colspan=\"1\">$0.75<\/td>\n<td colspan=\"1\">$0.32<\/td>\n<td>Up 134%<\/td>\n<td colspan=\"1\">$0.58<\/td>\n<td>Up 29%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"center\"><strong>Non-GAAP* Quar\u00adter\u00adly Finan\u00adcial Results<\/strong><\/p>\n<table align=\"center\">\n<tbody>\n<tr>\n<td>&nbsp;<\/td>\n<td colspan=\"1\"><strong><span class=\"caps\">Q3<\/span> 2021<\/strong><\/td>\n<td colspan=\"1\"><strong><span class=\"caps\">Q3<\/span> 2020<\/strong><\/td>\n<td><strong>Y\/Y<\/strong><\/td>\n<td colspan=\"1\"><strong><span class=\"caps\">Q2<\/span> 2021<\/strong><\/td>\n<td><strong>Q\/Q<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Reve\u00adnue ($M)<\/td>\n<td colspan=\"1\">$4,313<\/td>\n<td colspan=\"1\">$2,801<\/td>\n<td>Up 54%<\/td>\n<td colspan=\"1\">$3,850<\/td>\n<td>Up 12%<\/td>\n<\/tr>\n<tr>\n<td>Gross pro\u00adfit ($M)<\/td>\n<td colspan=\"1\">$2,087<\/td>\n<td colspan=\"1\">$1,231<\/td>\n<td>Up 70%<\/td>\n<td colspan=\"1\">$1,832<\/td>\n<td>Up 14%<\/td>\n<\/tr>\n<tr>\n<td>Gross mar\u00adgin %<\/td>\n<td>48%<\/td>\n<td>44%<\/td>\n<td>Up 440&nbsp;bps<\/td>\n<td>48%<\/td>\n<td>Up 80&nbsp;bps<\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting expen\u00adses ($M)<\/td>\n<td colspan=\"1\">$1,035<\/td>\n<td colspan=\"1\">$706<\/td>\n<td>Up 47%<\/td>\n<td colspan=\"1\">$909<\/td>\n<td>Up 14%<\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting inco\u00adme ($M)<\/td>\n<td colspan=\"1\">$1,055<\/td>\n<td colspan=\"1\">$525<\/td>\n<td>Up 101%<\/td>\n<td colspan=\"1\">$924<\/td>\n<td>Up 14%<\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting margin&nbsp;%<\/td>\n<td>24%<\/td>\n<td>19%<\/td>\n<td>Up 5pp<\/td>\n<td>24%<\/td>\n<td>Flat<\/td>\n<\/tr>\n<tr>\n<td>Net inco\u00adme ($M)<\/td>\n<td colspan=\"1\">$893<\/td>\n<td colspan=\"1\">$501<\/td>\n<td>Up 78%<\/td>\n<td colspan=\"1\">$778<\/td>\n<td>Up 15%<\/td>\n<\/tr>\n<tr>\n<td>Ear\u00adnings per&nbsp;share<\/td>\n<td colspan=\"1\">$0.73<\/td>\n<td colspan=\"1\">$0.41<\/td>\n<td>Up 78%<\/td>\n<td colspan=\"1\">$0.63<\/td>\n<td>Up 16%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"dquo\">\u201c<\/span><span class=\"caps\">AMD<\/span> had ano\u00adther record quar\u00adter as reve\u00adnue grew 54% and ope\u00adra\u00adting inco\u00adme dou\u00adbled year-over-year,\u201d said <span class=\"caps\">AMD<\/span> pre\u00adsi\u00addent and <span class=\"caps\">CEO<\/span> Dr. Lisa Su. \u201c3<sup>rd<\/sup>&nbsp;Gen <span class=\"caps\">EPYC<\/span> pro\u00adces\u00adsor ship\u00adments ram\u00adped signi\u00adfi\u00adcant\u00adly in the quar\u00adter as our data cen\u00adter sales more than dou\u00adbled year-over-year. Our busi\u00adness signi\u00adfi\u00adcant\u00adly acce\u00adle\u00adra\u00adted in 2021, gro\u00adwing fas\u00adter than the mar\u00adket based on our lea\u00adder\u00adship pro\u00adducts and con\u00adsis\u00adtent execution.\u201d<\/p>\n<p><strong><span class=\"caps\">Q3<\/span> 2021 Results<\/strong><\/p>\n<ul type=\"disc\">\n<li>Reve\u00adnue was $4.3 bil\u00adli\u00adon, up 54 per\u00adcent year-over-year and 12 per\u00adcent quar\u00adter-over-quar\u00adter dri\u00adven by hig\u00adher reve\u00adnue in both the Com\u00adpu\u00adting and Gra\u00adphics seg\u00adment and Enter\u00adpri\u00adse, Embedded and Semi-Cus\u00adtom segment.<\/li>\n<li>Gross mar\u00adgin was 48 per\u00adcent, up over 400 basis points year-over-year and up 80 basis points quar\u00adter-over-quar\u00adter. The year-over-year and quar\u00adter-over-quar\u00adter increa\u00adses were pri\u00adma\u00adri\u00adly dri\u00adven by a richer mix of <span class=\"caps\">EPYC<\/span>\u2122, Ryzen\u2122 and Rade\u00adon\u2122 pro\u00adces\u00adsor&nbsp;sales.<\/li>\n<li>Ope\u00adra\u00adting inco\u00adme was $948 mil\u00adli\u00adon com\u00adpared to ope\u00adra\u00adting inco\u00adme of $449 mil\u00adli\u00adon a year ago and $831 mil\u00adli\u00adon in the pri\u00ador quar\u00adter. Non-GAAP ope\u00adra\u00adting inco\u00adme was $1.1 bil\u00adli\u00adon com\u00adpared to $525 mil\u00adli\u00adon a year ago and $924 mil\u00adli\u00adon in the pri\u00ador quar\u00adter. Ope\u00adra\u00adting inco\u00adme impro\u00adve\u00adments were pri\u00adma\u00adri\u00adly dri\u00adven by hig\u00adher revenue.<\/li>\n<li>Net inco\u00adme was $923 mil\u00adli\u00adon com\u00adpared to $390 mil\u00adli\u00adon a year ago and $710 mil\u00adli\u00adon in the pri\u00ador quar\u00adter. Non-GAAP net inco\u00adme was $893 mil\u00adli\u00adon com\u00adpared to $501 mil\u00adli\u00adon a year ago and $778 mil\u00adli\u00adon in the pri\u00ador quarter.<\/li>\n<li>Diluted ear\u00adnings per share was $0.75 com\u00adpared to $0.32 a year ago and $0.58 in the pri\u00ador quar\u00adter. Non-GAAP diluted ear\u00adnings per share was $0.73 com\u00adpared to $0.41 a year ago and $0.63 in the pri\u00ador quarter.<\/li>\n<li>Cash, cash equi\u00adva\u00adlents and short-term invest\u00adments were $3.6 bil\u00adli\u00adon at the end of the quar\u00adter. The Com\u00adpa\u00adny repurcha\u00adsed more than 7 mil\u00adli\u00adon shares of com\u00admon stock for $750 mil\u00adli\u00adon during the quarter.<\/li>\n<li>Cash from ope\u00adra\u00adti\u00adons was $849 mil\u00adli\u00adon com\u00adpared to $339 mil\u00adli\u00adon a year ago and $952 mil\u00adli\u00adon in the pri\u00ador quar\u00adter. Free cash flow was $764 mil\u00adli\u00adon com\u00adpared to $265 mil\u00adli\u00adon a year ago and $888 mil\u00adli\u00adon in the pri\u00ador quar\u00adter. Third quar\u00adter 2021 cash from ope\u00adra\u00adti\u00adons and free cash flow included stra\u00adte\u00adgic invest\u00adments in long-term sup\u00adp\u00adly chain capa\u00adci\u00adty to sup\u00adport future reve\u00adnue growth.<\/li>\n<\/ul>\n<p><strong>Quar\u00adter\u00adly Finan\u00adcial Seg\u00adment Summary<\/strong><\/p>\n<ul type=\"disc\">\n<li>Com\u00adpu\u00adting and Gra\u00adphics seg\u00adment reve\u00adnue was $2.4 bil\u00adli\u00adon, up 44 per\u00adcent year-over-year and 7 per\u00adcent quar\u00adter-over-quar\u00adter. The year-over-year and quar\u00adter-over-quar\u00adter increa\u00adses were dri\u00adven by hig\u00adher Ryzen, Rade\u00adon and <span class=\"caps\">AMD<\/span> Instinct pro\u00adces\u00adsor&nbsp;sales.&nbsp;<ul type=\"circle\">\n<li>Cli\u00adent pro\u00adces\u00adsor avera\u00adge sel\u00adling pri\u00adce (<span class=\"caps\">ASP<\/span>) grew year-over-year and quar\u00adter-over-quar\u00adter dri\u00adven by a richer mix of Ryzen pro\u00adces\u00adsor&nbsp;sales.<\/li>\n<li><span class=\"caps\">GPU<\/span> <span class=\"caps\">ASP<\/span> grew year-over-year and quar\u00adter-over-quar\u00adter dri\u00adven by high-end Rade\u00adon gra\u00adphics pro\u00adduct sales and <span class=\"caps\">AMD<\/span> Instinct data cen\u00adter <span class=\"caps\">GPU<\/span>&nbsp;sales.<\/li>\n<li>Ope\u00adra\u00adting inco\u00adme was $513 mil\u00adli\u00adon com\u00adpared to $384 mil\u00adli\u00adon a year ago and $526 mil\u00adli\u00adon in the pri\u00ador quar\u00adter. The year-over-year increase was pri\u00adma\u00adri\u00adly dri\u00adven by hig\u00adher reve\u00adnue, par\u00adti\u00adal\u00adly off\u00adset by hig\u00adher ope\u00adra\u00adting expen\u00adses. The quar\u00adter-over-quar\u00adter decrease was pri\u00adma\u00adri\u00adly due to hig\u00adher ope\u00adra\u00adting expenses.<\/li>\n<\/ul>\n<\/li>\n<li>Enter\u00adpri\u00adse, Embedded and Semi-Cus\u00adtom seg\u00adment reve\u00adnue was $1.9 bil\u00adli\u00adon, up 69 per\u00adcent year-over-year and 20 per\u00adcent quar\u00adter-over-quar\u00adter. The increa\u00adses were dri\u00adven by hig\u00adher <span class=\"caps\">EPYC<\/span> pro\u00adces\u00adsor and semi-cus\u00adtom pro\u00adduct&nbsp;sales.&nbsp;<ul type=\"circle\">\n<li>Ope\u00adra\u00adting inco\u00adme was $542 mil\u00adli\u00adon com\u00adpared to $141 mil\u00adli\u00adon a year ago and $398 mil\u00adli\u00adon in the pri\u00ador quar\u00adter. The increa\u00adses were pri\u00adma\u00adri\u00adly dri\u00adven by hig\u00adher reve\u00adnue and richer pro\u00adduct mix, par\u00adti\u00adal\u00adly off\u00adset by hig\u00adher ope\u00adra\u00adting expenses.<\/li>\n<\/ul>\n<\/li>\n<li>All Other ope\u00adra\u00adting loss was $107 mil\u00adli\u00adon com\u00adpared to $76 mil\u00adli\u00adon a year ago and $93 mil\u00adli\u00adon in the pri\u00ador quarter.<\/li>\n<\/ul>\n<p><strong>Recent <span class=\"caps\">PR<\/span> Highlights<\/strong><\/p>\n<ul type=\"disc\">\n<li><span class=\"caps\">AMD<\/span> saw increased adop\u00adti\u00adon of <span class=\"caps\">AMD<\/span> <span class=\"caps\">EPYC<\/span> pro\u00adces\u00adsors in the third quarter.&nbsp;<ul type=\"circle\">\n<li>Argon\u00adne Natio\u00adnal Labs&nbsp;<a href=\"https:\/\/ir.amd.com\/news-events\/press-releases\/detail\/1017\/amd-epyc-processors-picked-by-argonne-national\" target=\"_blank\" rel=\"nofollow noopener\">sel\u00adec\u00adted<\/a>&nbsp;<span class=\"caps\">AMD<\/span> <span class=\"caps\">EPYC<\/span> pro\u00adces\u00adsors to power a new super\u00adcom\u00adpu\u00adter, known as Pola\u00adris, to allow sci\u00aden\u00adtists and deve\u00adlo\u00adpers to test and opti\u00admi\u00adze soft\u00adware codes and appli\u00adca\u00adti\u00adons for <span class=\"caps\">AI<\/span>, engi\u00adnee\u00adring, and sci\u00aden\u00adti\u00adfic projects.<\/li>\n<li>Goog\u00adle Cloud&nbsp;<a href=\"https:\/\/www.amd.com\/en\/press-releases\/2021-09-30-amd-expands-collaboration-google-cloud-to-deliver-faster-application\" target=\"_blank\" rel=\"nofollow noopener\">announ\u00adced<\/a>&nbsp;the public pre\u00adview of <span class=\"caps\">N2D<\/span> Vir\u00adtu\u00adal Machi\u00adnes powered by <span class=\"caps\">AMD<\/span> <span class=\"caps\">EPYC<\/span>\u2122 7003 Series processors.<\/li>\n<li><span class=\"caps\">AMD<\/span>&nbsp;<a href=\"https:\/\/community.amd.com\/t5\/blog\/new-sizes-for-amazon-ec2-g4ad-instances\/ba-p\/485313\" target=\"_blank\" rel=\"nofollow noopener\">announ\u00adced<\/a>&nbsp;that 2nd Gen <span class=\"caps\">AMD<\/span> <span class=\"caps\">EPYC<\/span> CPUs and <span class=\"caps\">AMD<\/span> Rade\u00adon Pro <span class=\"caps\">V520<\/span> GPUs will power new sizes for Ama\u00adzon <span class=\"caps\">EC2<\/span> G4ad ins\u00adtances, giving cus\u00adto\u00admers the fle\u00adxi\u00adbi\u00adli\u00adty to pro\u00advi\u00adsi\u00adon resour\u00adces on demand, as needs dic\u00adta\u00adte, rather than being limi\u00adt\u00aded to their inven\u00adto\u00adry of phy\u00adsi\u00adcal, on-pre\u00admi\u00adse hardware.<\/li>\n<li>Cloud\u00adfla\u00adre&nbsp;<a href=\"https:\/\/nam11.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fblog.cloudflare.com%2Fthe-epyc-journey-continues-to-milan-in-cloudflares-11th-generation-edge-server%2F&amp;data=04%7C01%7CAaron.Grabein%40amd.com%7Ce360467bf16e40ff3fdf08d9843ad9bf%7C3dd8961fe4884e608e11a82d994e183d%7C0%7C0%7C637686211912183172%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&amp;sdata=4c5DcCT3MmMZ6XMCV3Ur34pvHnMug8Gc1D8SdhHeoHE%3D&amp;reserved=0\" target=\"_blank\" rel=\"nofollow noopener\">cho\u00adse<\/a>&nbsp;3rd Gen <span class=\"caps\">AMD<\/span> <span class=\"caps\">EPYC<\/span> pro\u00adces\u00adsors for its 11th Gen ser\u00advers, which power the company\u2019s <span class=\"caps\">DNS<\/span> network.<\/li>\n<\/ul>\n<\/li>\n<li><span class=\"caps\">AMD<\/span>&nbsp;<a href=\"https:\/\/www.amd.com\/en\/press-releases\/2021-10-05-amd-and-microsoft-bring-powerful-reliable-computing-to-users-windows-11\" target=\"_blank\" rel=\"nofollow noopener\">part\u00adne\u00adred<\/a>&nbsp;with Micro\u00adsoft to bring powerful, relia\u00adble com\u00adpu\u00adting to users with Win\u00addows 11, powered by Ryzen pro\u00adces\u00adsors and Rade\u00adon gra\u00adphics. Through this col\u00adla\u00adbo\u00adra\u00adti\u00adon, more than 175 <span class=\"caps\">AMD<\/span> CPUs are now com\u00adpa\u00adti\u00adble with Win\u00addows 11 ope\u00adra\u00adting sys\u00adtems to dri\u00adve ulti\u00adma\u00adte <span class=\"caps\">PC<\/span> and gam\u00ading experiences.<\/li>\n<li>Cus\u00adto\u00admer adop\u00adti\u00adon of Ryzen pro\u00adces\u00adsors expan\u00added, with Leno\u00advo start\u00ading ship\u00adments of the Ryzen-based Think\u00adbook and Think\u00adpad E series busi\u00adness lap\u00adtops fea\u00adturing Win\u00addows 11 , Leno\u00advo&nbsp;<a href=\"https:\/\/news.lenovo.com\/pressroom\/press-releases\/lenovo-leads-in-launching-windows-11-on-new-yoga-laptops\/\" target=\"_blank\" rel=\"nofollow noopener\">announ\u00adcing<\/a>&nbsp;the Ryzen-powered Yoga Slim 7 Car\u00adbon and Yoga Slim 7 Pro, <span class=\"caps\">HP<\/span>&nbsp;<a href=\"https:\/\/finance.yahoo.com\/news\/hp-brings-closer-people-things-120100964.html\" target=\"_blank\" rel=\"nofollow noopener\">releasing<\/a>&nbsp;two AiO devices with Ryzen pro\u00adces\u00adsors and <span class=\"caps\">ASUS<\/span> unvei\u00adling the Ryzen 5000 Series-based Zen\u00adbook, Zen\u00adbook <span class=\"caps\">PRO<\/span>, Pro\u00adArt Stu\u00addio\u00adBook and VivoBook.<\/li>\n<li><span class=\"caps\">AMD<\/span>&nbsp;<a href=\"https:\/\/www.amd.com\/en\/processors\/ryzen-with-graphics\" target=\"_blank\" rel=\"nofollow noopener\">laun\u00adched<\/a>&nbsp;Ryzen 5000 G\u2011Series Desk\u00adtop Pro\u00adces\u00adsors with Rade\u00adon Gra\u00adphics, brin\u00adging high-per\u00adfor\u00admance inte\u00adgra\u00adted gra\u00adphics and powerful fea\u00adtures to satis\u00adfy the most deman\u00adding gamers, crea\u00adtors and enthusiasts.<\/li>\n<li><span class=\"caps\">AMD<\/span>&nbsp;<a href=\"https:\/\/www.amd.com\/en\/products\/graphics\/amd-radeon-rx-6600-xt\" target=\"_blank\" rel=\"nofollow noopener\">laun\u00adched<\/a>&nbsp;the Rade\u00adon <span class=\"caps\">RX<\/span> 6600 <span class=\"caps\">XT<\/span> gra\u00adphics card, desi\u00adgned to deli\u00adver high-frame\u00adra\u00adte, high-fide\u00adli\u00adty 1080p gam\u00ading expe\u00adri\u00aden\u00adces. Built on breakth\u00adrough <span class=\"caps\">AMD<\/span> <span class=\"caps\">RDNA<\/span>\u2122&nbsp;2 gam\u00ading archi\u00adtec\u00adtu\u00adre, the gra\u00adphics card offers on avera\u00adge 11 per\u00adcent hig\u00adher gam\u00ading per\u00adfor\u00admance with Smart Access Memo\u00adry enab\u00adled across a ran\u00adge of popu\u00adlar titles com\u00adpared to the competition.<\/li>\n<li><span class=\"caps\">AMD<\/span>&nbsp;<a href=\"https:\/\/www.amd.com\/en\/press-releases\/2021-08-03-new-amd-radeon-pro-w6000x-series-gpus-bring-groundbreaking-high\" target=\"_blank\" rel=\"nofollow noopener\">announ\u00adced<\/a>&nbsp;avai\u00adla\u00adbi\u00adli\u00adty of the Rade\u00adon <span class=\"caps\">PRO<\/span> <span class=\"caps\">W6000X<\/span> series GPUs for Mac Pro, harnes\u00adsing the high-per\u00adfor\u00admance <span class=\"caps\">AMD<\/span> <span class=\"caps\">RDNA<\/span> 2 archi\u00adtec\u00adtu\u00adre, <span class=\"caps\">AMD<\/span> Infi\u00adni\u00adty Cache and other advan\u00adced tech\u00adno\u00adlo\u00adgies to power deman\u00adding pro\u00adfes\u00adsio\u00adnal design and con\u00adtent crea\u00adti\u00adon workloads.<\/li>\n<li><span class=\"caps\">AMD<\/span> was named by For\u00adbes as one of the World\u2019s Best Employ\u00aders of&nbsp;2021.<\/li>\n<li><span class=\"caps\">AMD<\/span>&nbsp;<a href=\"https:\/\/www.amd.com\/en\/press-releases\/2021-09-29-amd-announces-26th-annual-corporate-responsibility-report\" target=\"_blank\" rel=\"nofollow noopener\">announ\u00adced<\/a>&nbsp;its 26<sup>th<\/sup>&nbsp;annu\u00adal Cor\u00adpo\u00adra\u00adte Respon\u00adsi\u00adbi\u00adli\u00adty Report high\u00adlight\u00ading <span class=\"caps\">AMD<\/span>\u2019s accom\u00adplish\u00adments from the pre\u00advious year and unvei\u00adling new goals through 2025 and 2030, inclu\u00adding a new&nbsp;<a href=\"https:\/\/www.amd.com\/en\/press-releases\/2021-09-29-amd-announces-ambitious-goal-to-increase-energy-efficiency-processors\" target=\"_blank\" rel=\"nofollow noopener\">goal<\/a>&nbsp;to increase ener\u00adgy effi\u00adci\u00aden\u00adcy of pro\u00adces\u00adsors run\u00adning <span class=\"caps\">AI<\/span> trai\u00adning and high per\u00adfor\u00admance com\u00adpu\u00adting appli\u00adca\u00adti\u00adons 30x by&nbsp;2025.<\/li>\n<\/ul>\n<p><strong>Cur\u00adrent Outlook<\/strong><br>\n<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 the fourth quar\u00adter 2021, <span class=\"caps\">AMD<\/span> expects reve\u00adnue to be appro\u00adxi\u00adm\u00adate\u00adly $4.5 bil\u00adli\u00adon, plus or minus $100 mil\u00adli\u00adon, an increase of appro\u00adxi\u00adm\u00adate\u00adly 39 per\u00adcent year-over-year and appro\u00adxi\u00adm\u00adate\u00adly 4 per\u00adcent quar\u00adter-over-quar\u00adter.&nbsp;The year-over-year increase is expec\u00adted to be dri\u00adven by growth across all busi\u00adnesses. The quar\u00adter-over-quar\u00adter increase is expec\u00adted to be dri\u00adven by hig\u00adher ser\u00adver and semi-cus\u00adtom reve\u00adnue. <span class=\"caps\">AMD<\/span> expects non-GAAP gross mar\u00adgin to be appro\u00adxi\u00adm\u00adate\u00adly 49.5 per\u00adcent in the fourth quar\u00adter&nbsp;2021.<\/p>\n<p>For&nbsp;the full year 2021, <span class=\"caps\">AMD<\/span> now expects reve\u00adnue to grow appro\u00adxi\u00adm\u00adate\u00adly 65 per\u00adcent dri\u00adven by growth across all busi\u00adnesses, up from pri\u00ador gui\u00addance of 60 per\u00adcent growth. <span class=\"caps\">AMD<\/span> expects non-GAAP gross mar\u00adgin to be appro\u00adxi\u00adm\u00adate\u00adly 48 per\u00adcent for the full year&nbsp;2021.<\/p>\n<p><strong><span class=\"caps\">AMD<\/span> Tele\u00adcon\u00adfe\u00adrence<\/strong><br>\n<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\">PT<\/span> (5:00 p.m. <span class=\"caps\">ET<\/span>) today to dis\u00adcuss its third quar\u00adter 2021 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&nbsp;<a href=\"http:\/\/ir.amd.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Inves\u00adtor Rela\u00adti\u00adons<\/a>&nbsp;page of its web\u00adsite at&nbsp;<a href=\"http:\/\/www.amd.com\/\" target=\"_blank\" rel=\"nofollow noopener\">www.amd.com<\/a>.<\/p>\n<table align=\"center\">\n<tbody>\n<tr>\n<td colspan=\"13\"><strong><span class=\"caps\">RECONCILIATION<\/span> <span class=\"caps\">OF<\/span> <span class=\"caps\">GAAP<\/span> <span class=\"caps\">TO<\/span> <span class=\"caps\">NON-GAAP<\/span> <span class=\"caps\">FINANCIAL<\/span> <span class=\"caps\">MEASURES<\/span><\/strong><\/td>\n<\/tr>\n<tr>\n<td>(In mil\u00adli\u00adons, except per share data) (Unau\u00addi\u00adted)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"11\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"11\"><strong>Three Months Ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><strong>Sep\u00adtem\u00adber&nbsp;25,<\/strong><br>\n<strong>2021<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><strong>June 26,<\/strong><br>\n<strong>2021<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><strong>Sep\u00adtem\u00adber&nbsp;26,<\/strong><br>\n<strong>2020<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong><span class=\"caps\">GAAP<\/span> gross profit<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>2,086<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>1,830<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>1,230<\/strong><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong><em><span class=\"caps\">GAAP<\/span> gross margin&nbsp;%<\/em><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><strong><em>48<\/em><\/strong><\/td>\n<td><strong><em>%<\/em><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><strong><em>48<\/em><\/strong><\/td>\n<td><strong><em>%<\/em><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><strong><em>44<\/em><\/strong><\/td>\n<td><strong><em>%<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td>Stock-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><strong>1<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong>Non-GAAP gross profit<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>2,087<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>1,832<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>1,231<\/strong><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong><em>Non-GAAP gross margin&nbsp;%<\/em><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><strong><em>48<\/em><\/strong><\/td>\n<td><strong><em>%<\/em><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><strong><em>48<\/em><\/strong><\/td>\n<td><strong><em>%<\/em><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><strong><em>44<\/em><\/strong><\/td>\n<td><strong><em>%<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong><span class=\"caps\">GAAP<\/span> ope\u00adra\u00adting expenses<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>1,141<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>1,000<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>781<\/strong><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong><em><span class=\"caps\">GAAP<\/span> ope\u00adra\u00adting expenses\/revenue %<\/em><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><strong><em>26<\/em><\/strong><\/td>\n<td><strong><em>%<\/em><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><strong><em>26<\/em><\/strong><\/td>\n<td><strong><em>%<\/em><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><strong><em>28<\/em><\/strong><\/td>\n<td><strong><em>%<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td>Stock-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">98<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">81<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">75<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Acqui\u00adsi\u00adti\u00adon-rela\u00adted&nbsp;costs<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">8<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">10<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong>Non-GAAP ope\u00adra\u00adting expenses<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>1,035<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>909<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>706<\/strong><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong><em>Non-GAAP ope\u00adra\u00adting expenses\/revenue%<\/em><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><strong><em>24<\/em><\/strong><\/td>\n<td><strong><em>%<\/em><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><strong><em>24<\/em><\/strong><\/td>\n<td><strong><em>%<\/em><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><strong><em>25<\/em><\/strong><\/td>\n<td><strong><em>%<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong><span class=\"caps\">GAAP<\/span> ope\u00adra\u00adting income<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>948<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>831<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>449<\/strong><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong><em><span class=\"caps\">GAAP<\/span> ope\u00adra\u00adting margin&nbsp;%<\/em><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><strong><em>22<\/em><\/strong><\/td>\n<td><strong><em>%<\/em><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><strong><em>22<\/em><\/strong><\/td>\n<td><strong><em>%<\/em><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><strong><em>16<\/em><\/strong><\/td>\n<td><strong><em>%<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td>Stock-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">99<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">83<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">76<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Acqui\u00adsi\u00adti\u00adon-rela\u00adted&nbsp;costs<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">8<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">10<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong>Non-GAAP ope\u00adra\u00adting income<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>1,055<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>924<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>525<\/strong><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong><em>Non-GAAP ope\u00adra\u00adting margin&nbsp;%<\/em><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><strong><em>24<\/em><\/strong><\/td>\n<td><strong><em>%<\/em><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><strong><em>24<\/em><\/strong><\/td>\n<td><strong><em>%<\/em><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><strong><em>19<\/em><\/strong><\/td>\n<td><strong><em>%<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table align=\"center\">\n<tbody>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"23\"><strong>Three Months Ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"7\"><strong>Sep\u00adtem\u00adber&nbsp;25,<br>\n2021<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"7\"><strong>June 26,<br>\n2021<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"7\"><strong>Sep\u00adtem\u00adber&nbsp;26,<br>\n2020<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong><span class=\"caps\">GAAP<\/span> net inco\u00adme \/ ear\u00adnings per&nbsp;share<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>923<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>0.75<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>710<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>0.58<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>390<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>0.32<\/strong><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Loss on debt redemption\/conversion<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">38<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">0.03<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>(Gains) los\u00adses on equi\u00adty invest\u00adments, net<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(60<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(0.05<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Non-cash inte\u00adrest expen\u00adse rela\u00adted to con\u00adver\u00adti\u00adble&nbsp;debt<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Stock-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">99<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">0.08<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">83<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">0.06<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">76<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">0.06<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Equi\u00adty inco\u00adme in investee<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(2<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(2<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(1<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Acqui\u00adsi\u00adti\u00adon-rela\u00adted&nbsp;costs<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">8<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">0.01<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">10<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">0.01<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Inco\u00adme tax provision<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(75<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(0.06<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(24<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(0.02<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(4<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong>Non-GAAP net inco\u00adme \/ ear\u00adnings per&nbsp;share<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>893<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>0.73<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>778<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>0.63<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>501<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>0.41<\/strong><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong>Shares used and net inco\u00adme adjus\u00adt\u00adment&nbsp;in<\/strong><br>\n<strong>ear\u00adnings per share cal\u00adcu\u00adla\u00adti\u00adon<\/strong><sup><strong>&nbsp;(1)<\/strong><\/sup><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Shares used in per share cal\u00adcu\u00adla\u00adti\u00adon (<span class=\"caps\">GAAP<\/span>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"6\">1,230<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"6\">1,232<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"6\">1,215<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Inte\u00adrest expen\u00adse add-back to <span class=\"caps\">GAAP<\/span> net income<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td colspan=\"5\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td colspan=\"5\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td colspan=\"5\">1<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Shares used in per share cal\u00adcu\u00adla\u00adti\u00adon (Non-GAAP)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"6\">1,230<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"6\">1,232<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"6\">1,230<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Inte\u00adrest expen\u00adse add-back to Non-GAAP net income<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td colspan=\"5\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td colspan=\"5\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td colspan=\"5\">1<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td>(1<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td>For the three months ended Sep\u00adtem\u00adber 26, 2020, <span class=\"caps\">GAAP<\/span> diluted <span class=\"caps\">EPS<\/span> cal\u00adcu\u00adla\u00adti\u00adons include 11 mil\u00adli\u00adon rela\u00adted to the Company\u2019s 2026 Con\u00adver\u00adti\u00adble Notes and the asso\u00adcia\u00adted $1 mil\u00adli\u00adon inte\u00adrest expen\u00adse add-back to net inco\u00adme under the \u201cif con\u00adver\u00adted\u201d method. For the three months ended Sep\u00adtem\u00adber 26, 2020, 15 mil\u00adli\u00adon shares rela\u00adted to the Company\u2019s 2026 Con\u00adver\u00adti\u00adble Notes were not included in the <span class=\"caps\">GAAP<\/span> diluted <span class=\"caps\">EPS<\/span> cal\u00adcu\u00adla\u00adti\u00adons as their inclu\u00adsi\u00adon would have been anti-dilutive.\n<p>For the three months ended Sep\u00adtem\u00adber 26, 2020, Non-GAAP diluted <span class=\"caps\">EPS<\/span> cal\u00adcu\u00adla\u00adti\u00adons include 26 mil\u00adli\u00adon shares rela\u00adted to the Company\u2019s 2026 Con\u00adver\u00adti\u00adble Notes and the asso\u00adcia\u00adted $1 mil\u00adli\u00adon inte\u00adrest expen\u00adse add-back to net inco\u00adme under the \u201cif con\u00adver\u00adted\u201d method.<\/p><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>About <span class=\"caps\">AMD<\/span><\/strong><\/p>\n<p align=\"justify\">For more than 50 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 \u2013 the buil\u00adding blocks for gam\u00ading, immersi\u00adve plat\u00adforms and the data cen\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>)&nbsp;<a href=\"http:\/\/www.amd.com\/\" target=\"_blank\" rel=\"nofollow noopener\">web\u00adsite<\/a>,&nbsp;<a href=\"https:\/\/community.amd.com\/\" target=\"_blank\" rel=\"nofollow noopener\">blog<\/a>,&nbsp;<a href=\"https:\/\/www.facebook.com\/AMD\" target=\"_blank\" rel=\"nofollow noopener\">Face\u00adbook<\/a>&nbsp;and&nbsp;<a href=\"https:\/\/twitter.com\/amd\" target=\"_blank\" rel=\"nofollow noopener\">Twit\u00adter<\/a>&nbsp;pages.<\/p>\n<p align=\"justify\"><strong>Cau\u00adtio\u00adna\u00adry Statement<\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td>This press release con\u00adta\u00adins for\u00adward-loo\u00adking state\u00adments con\u00adcer\u00adning Advan\u00adced Micro Devices, Inc. (<span class=\"caps\">AMD<\/span>) such as the fea\u00adtures, func\u00adtion\u00ada\u00adli\u00adty, per\u00adfor\u00admance, avai\u00adla\u00adbi\u00adli\u00adty, timing and expec\u00adted bene\u00adfits of <span class=\"caps\">AMD<\/span> pro\u00adducts; <span class=\"caps\">AMD<\/span>\u2019s&nbsp;<a href=\"https:\/\/www.amd.com\/en\/press-releases\/2021-09-29-amd-announces-ambitious-goal-to-increase-energy-efficiency-processors\" target=\"_blank\" rel=\"nofollow noopener\">goal<\/a>&nbsp;to increase ener\u00adgy effi\u00adci\u00aden\u00adcy of pro\u00adces\u00adsors run\u00adning <span class=\"caps\">AI<\/span> trai\u00adning and high per\u00adfor\u00admance com\u00adpu\u00adting appli\u00adca\u00adti\u00adons 30x by 2025; and <span class=\"caps\">AMD<\/span>\u2019s expec\u00adted fourth quar\u00adter 2021 and fis\u00adcal 2021 finan\u00adcial out\u00adlook, inclu\u00adding reve\u00adnue and non-GAAP gross mar\u00adgin and expec\u00adted dri\u00advers based on cur\u00adrent expec\u00adta\u00adti\u00adons, 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 pre\u00adsen\u00adta\u00adti\u00adon are based on cur\u00adrent beliefs, assump\u00adti\u00adons and expec\u00adta\u00adti\u00adons, speak only as of the date of this press release 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\u2019s domi\u00adnan\u00adce of the micro\u00adpro\u00adces\u00adsor mar\u00adket and its aggres\u00adsi\u00adve busi\u00adness prac\u00adti\u00adces; glo\u00adbal eco\u00adno\u00admic uncer\u00adtain\u00adty; the loss of a signi\u00adfi\u00adcant cus\u00adto\u00admer; the impact of the <span class=\"caps\">COVID-19<\/span> pan\u00adde\u00admic on <span class=\"caps\">AMD<\/span>\u2019s busi\u00adness, finan\u00adcial con\u00addi\u00adti\u00adon and results of ope\u00adra\u00adti\u00adons; the com\u00adpe\u00adti\u00adti\u00adve mar\u00adkets in which <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts are sold; quar\u00adter\u00adly and sea\u00adso\u00adnal sales pat\u00adterns; mar\u00adket con\u00addi\u00adti\u00adons of the indus\u00adtries in which <span class=\"caps\">AMD<\/span> pro\u00adducts are sold; the cycli\u00adcal natu\u00adre of the semi\u00adcon\u00adduc\u00adtor indus\u00adtry; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to ade\u00adqua\u00adte\u00adly pro\u00adtect its tech\u00adno\u00adlo\u00adgy or other intellec\u00adtu\u00adal pro\u00adper\u00adty; unfa\u00advorable cur\u00adren\u00adcy exch\u00adan\u00adge rate fluc\u00adtua\u00adtions; the abili\u00adty of third par\u00adty manu\u00adfac\u00adtu\u00adr\u00aders to manu\u00adfac\u00adtu\u00adre <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts on a time\u00adly basis in suf\u00adfi\u00adci\u00adent quan\u00adti\u00adties and using com\u00adpe\u00adti\u00adti\u00adve tech\u00adno\u00adlo\u00adgies; the avai\u00adla\u00adbi\u00adli\u00adty of essen\u00adti\u00adal equip\u00adment, mate\u00adri\u00adals, sub\u00adstra\u00adtes or manu\u00adfac\u00adtu\u00adring pro\u00adces\u00adses; expec\u00adted manu\u00adfac\u00adtu\u00adring yields for <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts; <span class=\"caps\">AMD<\/span>\u2019s 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; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to gene\u00adra\u00adte reve\u00adnue from its semi-cus\u00adtom SoC pro\u00adducts; poten\u00adti\u00adal secu\u00adri\u00adty vul\u00adnerabi\u00adli\u00adties; poten\u00adti\u00adal <span class=\"caps\">IT<\/span> outa\u00adges, data loss, data brea\u00adches and cyber-attacks; uncer\u00adtain\u00adties invol\u00adving the orde\u00adring and ship\u00adment of <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts; <span class=\"caps\">AMD<\/span>\u2019s reli\u00adance on third-par\u00adty intellec\u00adtu\u00adal pro\u00adper\u00adty to design and intro\u00addu\u00adce new pro\u00adducts in a time\u00adly man\u00adner; <span class=\"caps\">AMD<\/span>\u2019s reli\u00adance 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; <span class=\"caps\">AMD<\/span>\u2019s reli\u00adance on Micro\u00adsoft Cor\u00adpo\u00adra\u00adti\u00adon and other soft\u00adware ven\u00addors\u2019 sup\u00adport to design and deve\u00adlop soft\u00adware to run on <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts; <span class=\"caps\">AMD<\/span>\u2019s reli\u00adance on third-par\u00adty dis\u00adtri\u00adbu\u00adtors and add-in-board part\u00adners; the impact of modi\u00adfi\u00adca\u00adti\u00adon or inter\u00adrup\u00adti\u00adon of <span class=\"caps\">AMD<\/span>\u2019s inter\u00adnal busi\u00adness pro\u00adces\u00adses and infor\u00adma\u00adti\u00adon sys\u00adtems; com\u00adpa\u00adti\u00adbi\u00adli\u00adty of <span class=\"caps\">AMD<\/span>\u2019s pro\u00adducts with some or all indus\u00adtry-stan\u00addard soft\u00adware and hard\u00adware; cos\u00adts rela\u00adted to defec\u00adti\u00adve pro\u00adducts; the effi\u00adci\u00aden\u00adcy of <span class=\"caps\">AMD<\/span>\u2019s sup\u00adp\u00adly chain; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to rely on third par\u00adty sup\u00adp\u00adly-chain logi\u00adstics func\u00adtions; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to effec\u00adtively con\u00adtrol the sales of its pro\u00adducts on the gray mar\u00adket; the impact of govern\u00adment actions and regu\u00adla\u00adti\u00adons such as export admi\u00adnis\u00adtra\u00adti\u00adon regu\u00adla\u00adti\u00adons, tariffs and trade pro\u00adtec\u00adtion mea\u00adsu\u00adres; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to rea\u00adli\u00adze its defer\u00adred tax assets; poten\u00adti\u00adal tax lia\u00adbi\u00adli\u00adties; cur\u00adrent and future claims and liti\u00adga\u00adti\u00adon; the impact of envi\u00adron\u00admen\u00adtal laws, con\u00adflict mine\u00adrals-rela\u00adted pro\u00advi\u00adsi\u00adons and other laws or regu\u00adla\u00adti\u00adons; the impact of acqui\u00adsi\u00adti\u00adons, joint ven\u00adtures and\/or invest\u00adments on <span class=\"caps\">AMD<\/span>\u2019s busi\u00adness, inclu\u00adding the announ\u00adced acqui\u00adsi\u00adti\u00adon of Xilinx, and the fail\u00adure to inte\u00adgra\u00adte acqui\u00adred busi\u00adnesses; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to com\u00adple\u00adte the Xilinx mer\u00adger; the impact of the announce\u00adment and pen\u00adden\u00adcy of the Xilinx mer\u00adger on <span class=\"caps\">AMD<\/span>\u2019s busi\u00adness; the impact of any impair\u00adment of the com\u00adbi\u00adned company\u2019s assets on the com\u00adbi\u00adned company\u2019s finan\u00adcial posi\u00adti\u00adon and results of ope\u00adra\u00adti\u00adon; the rest\u00adric\u00adtions impo\u00adsed by agree\u00adments gover\u00adning <span class=\"caps\">AMD<\/span>\u2019s notes and the revol\u00adving cre\u00addit faci\u00adli\u00adty; <span class=\"caps\">AMD<\/span>\u2019s indeb\u00adted\u00adness; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty 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>\u2019s abili\u00adty to repurcha\u00adse its out\u00adstan\u00adding debt in the event of a chan\u00adge of con\u00adtrol; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to gene\u00adra\u00adte suf\u00adfi\u00adci\u00adent reve\u00adnue and ope\u00adra\u00adting cash flow or obtain exter\u00adnal finan\u00adcing for rese\u00adarch and deve\u00adlo\u00adp\u00adment or other stra\u00adte\u00adgic invest\u00adments; poli\u00adti\u00adcal, legal, eco\u00adno\u00admic risks and natu\u00adral dis\u00adas\u00adters; future impairm\u00adents of good\u00adwill and tech\u00adno\u00adlo\u00adgy licen\u00adse purcha\u00adses; <span class=\"caps\">AMD<\/span>\u2019s abili\u00adty to attract and retain qua\u00adli\u00adfied per\u00adson\u00adnel; <span class=\"caps\">AMD<\/span>\u2019s stock pri\u00adce vola\u00adti\u00adli\u00adty; and world\u00adwi\u00adde poli\u00adti\u00adcal con\u00addi\u00adti\u00adons. 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 most recent reports on Forms 10\u2011K and 10\u2011Q.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td>*<\/td>\n<td>&nbsp;<\/td>\n<td>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 pro\u00adfit, non-GAAP ope\u00adra\u00adting expen\u00adses, non-GAAP ope\u00adra\u00adting inco\u00adme, non-GAAP net inco\u00adme and non-GAAP ear\u00adnings per share. <span class=\"caps\">AMD<\/span> uses a nor\u00adma\u00adli\u00adzed tax rate in its com\u00adpu\u00adta\u00adti\u00adon of the non-GAAP inco\u00adme tax pro\u00advi\u00adsi\u00adon to pro\u00advi\u00adde bet\u00adter con\u00adsis\u00adten\u00adcy across the report\u00ading peri\u00adods. For fis\u00adcal 2021, <span class=\"caps\">AMD<\/span> uses a pro\u00adjec\u00adted non-GAAP tax rate of 15%, which excludes the tax impact of pre-tax non-GAAP adjus\u00adt\u00adments, reflec\u00adting curr\u00adent\u00adly available infor\u00adma\u00adti\u00adon. <span class=\"caps\">AMD<\/span> also pro\u00advi\u00added adjus\u00adted <span class=\"caps\">EBITDA<\/span> and free cash flow as sup\u00adple\u00admen\u00adtal non-GAAP 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 foot\u00adno\u00adtes to the sel\u00adec\u00adted data tables. The non-GAAP finan\u00adcial mea\u00adsu\u00adres dis\u00adc\u00adlo\u00adsed in this ear\u00adnings press release should be view\u00aded in addi\u00adti\u00adon to and not as a sub\u00adsti\u00adtu\u00adte for or supe\u00adri\u00ador to <span class=\"caps\">AMD<\/span>\u2019s repor\u00adted results pre\u00adpared in accordance with <span class=\"caps\">GAAP<\/span> and should be read only in con\u00adjunc\u00adtion with <span class=\"caps\">AMD<\/span>\u2019s Con\u00adso\u00adli\u00adda\u00adted Finan\u00adcial State\u00adments pre\u00adpared in accordance with <span class=\"caps\">GAAP<\/span>. The\u00adse non-GAAP finan\u00adcial mea\u00adsu\u00adres refe\u00adren\u00adced are recon\u00adci\u00adled to their most direct\u00adly com\u00adpa\u00adra\u00adble <span class=\"caps\">GAAP<\/span> finan\u00adcial mea\u00adsu\u00adres in the data tables at the end of this ear\u00adnings press release. This ear\u00adnings press release also con\u00adta\u00adins for\u00adward-loo\u00adking non-GAAP gross mar\u00adgin con\u00adcer\u00adning <span class=\"caps\">AMD<\/span>\u2019s finan\u00adcial out\u00adlook, which is based on cur\u00adrent expec\u00adta\u00adti\u00adons as of Octo\u00adber 26, 2021 and assump\u00adti\u00adons and beliefs that invol\u00adve num\u00ade\u00adrous risks and uncer\u00adtain\u00adties. <span class=\"caps\">AMD<\/span> under\u00adta\u00adkes no intent or obli\u00adga\u00adti\u00adon to publicly update or revi\u00adse its out\u00adlook state\u00adments as a result of new infor\u00adma\u00adti\u00adon, future events or other\u00adwi\u00adse, except as may be requi\u00adred by&nbsp;law.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"center\"><strong><em><span class=\"caps\">AMD<\/span>, the <span class=\"caps\">AMD<\/span> Arrow logo, <span class=\"caps\">EPYC<\/span>, Rade\u00adon, Ryzen, <span class=\"caps\">AMD<\/span> Instinct, Thre\u00adad\u00adrip\u00adper and com\u00adbi\u00adna\u00adti\u00adons the\u00adreof, are trade\u00admarks of Advan\u00adced Micro Devices, Inc. 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><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"21\"><strong><span class=\"caps\">ADVANCED<\/span> <span class=\"caps\">MICRO<\/span> <span class=\"caps\">DEVICES<\/span>, <span class=\"caps\">INC<\/span>.<\/strong><br>\n<strong><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><\/strong><br>\n<strong>(Mil\u00adli\u00adons except per share amounts and per\u00adcen\u00adta\u00adges) (Unau\u00addi\u00adted)<\/strong><strong><br>\n<\/strong><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"11\">Three Months Ended<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"7\">Nine Months Ended<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Sep\u00adtem\u00adber&nbsp;25,<br>\n2021<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">June 26,<br>\n2021<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Sep\u00adtem\u00adber&nbsp;26,<br>\n2020<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Sep\u00adtem\u00adber&nbsp;25,<br>\n2021<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Sep\u00adtem\u00adber&nbsp;26,<br>\n2020<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Net reve\u00adnue<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>4,313<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>3,850<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>2,801<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>11,608<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>6,519<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Cost of&nbsp;sales<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,227<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,020<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,571<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">6,105<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">3,623<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Gross pro\u00adfit<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,086<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,830<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,230<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">5,503<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,896<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Gross mar\u00adgin %<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">48<\/td>\n<td>%<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">48<\/td>\n<td>%<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">44<\/td>\n<td>%<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">47<\/td>\n<td>%<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">44<\/td>\n<td>%<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Rese\u00adarch and development<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">765<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">659<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">508<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,034<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,410<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Mar\u00adke\u00adting, gene\u00adral and administrative<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">376<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">341<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">273<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,036<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">687<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Licen\u00adsing&nbsp;gain<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(3<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(1<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(8<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting income<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">948<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">831<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">449<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,441<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">799<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Inte\u00adrest expense<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(7<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(10<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(11<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(26<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(38<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Other inco\u00adme (expen\u00adse),&nbsp;net<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">62<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(37<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">51<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(32<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Inco\u00adme befo\u00adre inco\u00adme taxes and equi\u00adty income<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,003<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">821<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">401<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,466<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">729<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Inco\u00adme tax provision<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">82<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">113<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">12<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">284<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">22<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Equi\u00adty inco\u00adme in investee<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">6<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Net Inco\u00adme<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>923<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>710<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>390<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>2,188<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>709<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Ear\u00adnings per&nbsp;share<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Basic<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>0.76<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>0.58<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>0.33<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1.80<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>0.60<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Diluted<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>0.75<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>0.58<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>0.32<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1.78<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>0.59<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Shares used in per share calculation<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Basic<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,214<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,216<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,184<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,214<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,176<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Diluted<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,230<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,232<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,215<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,231<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,208<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"9\"><strong><span class=\"caps\">ADVANCED<\/span> <span class=\"caps\">MICRO<\/span> <span class=\"caps\">DEVICES<\/span>, <span class=\"caps\">INC<\/span>.<\/strong><br>\n<strong><span class=\"caps\">CONDENSED<\/span> <span class=\"caps\">CONSOLIDATED<\/span> <span class=\"caps\">BALANCE<\/span> <span class=\"caps\">SHEETS<\/span><\/strong><br>\n<strong>(Mil\u00adli\u00adons)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Sep\u00adtem\u00adber&nbsp;25,<br>\n2021<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Decem\u00adber&nbsp;26,<br>\n2020<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">(Unau\u00addi\u00adted)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong><span class=\"caps\">ASSETS<\/span><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong>Cur\u00adrent assets:<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Cash and cash equivalents<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>2,440<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1,595<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Short-term invest\u00adments<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,168<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">695<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Accounts receiva\u00adble,&nbsp;net<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,224<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,066<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Invent\u00adories<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,902<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,399<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Receiv\u00ada\u00adbles from rela\u00adted parties<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">5<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">10<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Pre\u00adpaid expen\u00adses and other cur\u00adrent assets<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">249<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">378<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong>Total cur\u00adrent assets<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">7,988<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">6,143<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Pro\u00adper\u00adty and equip\u00adment,&nbsp;net<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">717<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">641<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting lea\u00adse right-of use assets<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">284<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">208<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Good\u00adwill<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">289<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">289<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Invest\u00adment: equi\u00adty method<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">69<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">63<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Defer\u00adred tax assets<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,036<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,245<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Other non-cur\u00adrent assets<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">770<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">373<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong>Total Assets<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>11,153<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>8,962<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong><span class=\"caps\">LIABILITIES<\/span> <span class=\"caps\">AND<\/span> <span class=\"caps\">STOCKHOLDERS<\/span>\u2019 <span class=\"caps\">EQUITY<\/span><\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong>Cur\u00adrent liabilities:<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Accounts paya\u00adble<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1,048<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>468<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Paya\u00adbles to rela\u00adted parties<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">36<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">78<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Accrued lia\u00adbi\u00adli\u00adties<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,048<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,796<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Short-term debt<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">312<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Other cur\u00adrent liabilities<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">120<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">75<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong>Total cur\u00adrent liabilities<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">3,564<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,417<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Long-term debt,&nbsp;net<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">330<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Long-term ope\u00adra\u00adting lea\u00adse liabilities<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">269<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">201<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Other long-term liabilities<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">183<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">177<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong>Stock\u00adhol\u00adders\u2019 equity:<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Capi\u00adtal&nbsp;stock:<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Com\u00admon stock, par&nbsp;value<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">12<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">12<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Addi\u00adtio\u00adnal paid-in capital<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">10,905<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">10,544<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Tre\u00adasu\u00adry stock, at&nbsp;cost<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(1,356<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(131<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td>Accu\u00admu\u00adla\u00adted defi\u00adcit&nbsp;<sup>(1)<\/sup><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(2,425<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(4,605<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td>Accu\u00admu\u00adla\u00adted other com\u00adpre\u00adhen\u00adsi\u00adve income<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">17<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong>Total stock\u00adhol\u00adders\u2019 equity<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>7,136<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>5,837<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong>Total Lia\u00adbi\u00adli\u00adties and Stock\u00adhol\u00adders\u2019 Equity<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>11,153<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>8,962<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td><sup>(1)<\/sup><\/td>\n<td>&nbsp;<\/td>\n<td>During the first quar\u00adter of 2021, the Com\u00adpa\u00adny adopted <span class=\"caps\">ASU<\/span> 2019-12, Inco\u00adme Taxes (Topic 740): Sim\u00adpli\u00adfy\u00ading the Accoun\u00adting for Inco\u00adme Taxes, using the modi\u00adfied retro\u00ads\u00adpec\u00adti\u00adve adop\u00adti\u00adon method, which resul\u00adted in $8 mil\u00adli\u00adon of defer\u00adred tax lia\u00adbi\u00adli\u00adty asso\u00adcia\u00adted with book-tax dif\u00adfe\u00adren\u00adces in a for\u00adeign equi\u00adty method invest\u00adment reco\u00adgni\u00adzed in Accu\u00admu\u00adla\u00adted deficit.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"21\"><strong><span class=\"caps\">ADVANCED<\/span> <span class=\"caps\">MICRO<\/span> <span class=\"caps\">DEVICES<\/span>, <span class=\"caps\">INC<\/span>.<\/strong><br>\n<strong><span class=\"caps\">SELECTED<\/span> <span class=\"caps\">CASH<\/span> <span class=\"caps\">FLOW<\/span> <span class=\"caps\">INFORMATION<\/span><\/strong><br>\n<strong>(Mil\u00adli\u00adons) (Unau\u00addi\u00adted)<\/strong><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"11\">Three Months Ended<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"7\">Nine Months Ended<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Sep\u00adtem\u00adber&nbsp;25,<br>\n2021<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">June 26,<br>\n2021<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Sep\u00adtem\u00adber&nbsp;26,<br>\n2020<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Sep\u00adtem\u00adber&nbsp;25,<br>\n2021<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Sep\u00adtem\u00adber&nbsp;26,<br>\n2020<\/td>\n<\/tr>\n<tr>\n<td><strong>Net cash pro\u00advi\u00added by (used&nbsp;in)<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting activities<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>849<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>952<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>339<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>2,699<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>517<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Inves\u00adt\u00ading activities<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>(83<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>119<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>(549<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>(686<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>(658<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td>Finan\u00adcing activities<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>(949<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>(211<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>(269<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>(1,168<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>(29<\/td>\n<td>)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"21\"><strong><span class=\"caps\">SELECTED<\/span> <span class=\"caps\">CORPORATE<\/span> <span class=\"caps\">DATA<\/span><\/strong><br>\n<strong>(Mil\u00adli\u00adons) (Unau\u00addi\u00adted)<\/strong><strong><br>\n<\/strong><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"11\">Three Months Ended<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"7\">Nine Months Ended<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Sep\u00adtem\u00adber&nbsp;25,<br>\n2021<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">June 26,<br>\n2021<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Sep\u00adtem\u00adber&nbsp;26,<br>\n2020<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Sep\u00adtem\u00adber&nbsp;25,<br>\n2021<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Sep\u00adtem\u00adber&nbsp;26,<br>\n2020<\/td>\n<\/tr>\n<tr>\n<td><strong>Seg\u00adment Information<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Com\u00adpu\u00adting and Gra\u00adphics&nbsp;<sup>(1)<\/sup><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Net reve\u00adnue<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>2,398<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>2,250<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1,667<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>6,748<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>4,472<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting income<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>513<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>526<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>384<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1,524<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>846<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Enter\u00adpri\u00adse, Embedded and Semi-Cus\u00adtom&nbsp;<sup>(2)<\/sup><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Net reve\u00adnue<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1,915<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1,600<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1,134<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>4,860<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>2,047<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting income<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>542<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>398<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>141<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1,217<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>148<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>All Other&nbsp;<sup>(3)<\/sup><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Net reve\u00adnue<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>\u2014<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting&nbsp;loss<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>(107<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>(93<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>(76<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>(300<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>(195<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td><strong>Total<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong>Net reve\u00adnue<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>4,313<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>3,850<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>2,801<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>11,608<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>6,519<\/strong><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong>Ope\u00adra\u00adting income<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>948<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>831<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>449<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>2,441<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><strong>$<\/strong><\/td>\n<td><strong>799<\/strong><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><strong>Other Data<\/strong><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Capi\u00adtal expenditures<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>85<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>64<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>74<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>215<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>220<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Adjus\u00adted <span class=\"caps\">EBITDA<\/span>&nbsp;<sup>(4)<\/sup><\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1,152<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1,021<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>607<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>3,030<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1,216<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Cash, cash equi\u00adva\u00adlents and short-term investments<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>3,608<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>3,793<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1,771<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>3,608<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1,771<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Free cash flow&nbsp;<sup>(5)<\/sup><\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>764<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>888<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>265<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>2,484<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>297<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Total assets<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>11,153<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>10,691<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>7,023<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>11,153<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>7,023<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Total debt<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>313<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>313<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>373<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>313<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>373<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td><sup>(1)<\/sup><\/td>\n<td>&nbsp;<\/td>\n<td>The Com\u00adpu\u00adting and Gra\u00adphics seg\u00adment pri\u00adma\u00adri\u00adly includes desk\u00adtop and note\u00adbook micro\u00adpro\u00adces\u00adsors, acce\u00adle\u00adra\u00adted pro\u00adces\u00adsing units that inte\u00adgra\u00adte micro\u00adpro\u00adces\u00adsors and gra\u00adphics, chip\u00adsets, dis\u00adcrete gra\u00adphics pro\u00adces\u00adsing units (GPUs), data cen\u00adter and pro\u00adfes\u00adsio\u00adnal GPUs and deve\u00adlo\u00adp\u00adment ser\u00advices. From time to time, the Com\u00adpa\u00adny may also sell or licen\u00adse por\u00adti\u00adons of its <span class=\"caps\">IP<\/span> portfolio.<\/td>\n<\/tr>\n<tr>\n<td><sup>(2)<\/sup><\/td>\n<td>&nbsp;<\/td>\n<td>The 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 and tech\u00adno\u00adlo\u00adgy for game con\u00adso\u00adles. From time to time, the Com\u00adpa\u00adny may also sell or licen\u00adse por\u00adti\u00adons of its <span class=\"caps\">IP<\/span> portfolio.<\/td>\n<\/tr>\n<tr>\n<td><sup>(3)<\/sup><\/td>\n<td>&nbsp;<\/td>\n<td>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 is stock-based com\u00adpen\u00adsa\u00adti\u00adon expen\u00adse and acqui\u00adsi\u00adti\u00adon-rela\u00adted&nbsp;costs.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"21\"><sup>(4)<\/sup><strong>&nbsp;Recon\u00adci\u00adlia\u00adti\u00adon of <span class=\"caps\">GAAP<\/span> Net Inco\u00adme to Adjus\u00adted <span class=\"caps\">EBITDA<\/span>*<\/strong><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"11\">Three Months Ended<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"7\">Nine Months Ended<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Sep\u00adtem\u00adber&nbsp;25,<br>\n2021<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">June 26,<br>\n2021<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Sep\u00adtem\u00adber&nbsp;26,<br>\n2020<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Sep\u00adtem\u00adber&nbsp;25,<br>\n2021<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Sep\u00adtem\u00adber&nbsp;26,<br>\n2020<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">GAAP<\/span> net income<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>923<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>710<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>390<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>2,188<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>709<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Inte\u00adrest expense<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">7<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">10<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">11<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">26<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">38<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Other (inco\u00adme) expen\u00adse,&nbsp;net<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(62<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">37<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(51<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">32<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Inco\u00adme tax provision<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">82<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">113<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">12<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">284<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">22<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Equi\u00adty inco\u00adme in investee<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(2<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(2<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(1<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(6<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(2<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td>Stock-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">99<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">83<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">76<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">267<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">195<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Depre\u00adcia\u00adti\u00adon and amortization<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">97<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">97<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">82<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">289<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">222<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Acqui\u00adsi\u00adti\u00adon-rela\u00adted&nbsp;costs<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">8<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">10<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">33<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Adjus\u00adted <span class=\"caps\">EBITDA<\/span><\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1,152<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1,021<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>607<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>3,030<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1,216<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<table align=\"center\">\n<tbody>\n<tr>\n<td colspan=\"19\"><sup>(5)<\/sup><strong>&nbsp;Recon\u00adci\u00adlia\u00adti\u00adon of <span class=\"caps\">GAAP<\/span> Net Cash Pro\u00advi\u00added by Ope\u00adra\u00adting Acti\u00advi\u00adties to Free Cash&nbsp;Flow**<\/strong><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"11\">Three Months Ended<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"5\">Nine Months Ended<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Sep\u00adtem\u00adber&nbsp;25,<br>\n2021<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">June 26,<br>\n2021<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Sep\u00adtem\u00adber&nbsp;26,<br>\n2020<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">Sep\u00adtem\u00adber&nbsp;25,<br>\n2021<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">Sep\u00adtem\u00adber&nbsp;26,<br>\n2020<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">GAAP<\/span> net cash pro\u00advi\u00added by ope\u00adra\u00adting activities<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>849<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>952<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>339<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>2,699<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>517<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Purcha\u00adses of pro\u00adper\u00adty and equipment<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(85<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(64<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(74<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td>(215<\/td>\n<td>)<\/td>\n<td>&nbsp;<\/td>\n<td>(220<\/td>\n<td>)<\/td>\n<\/tr>\n<tr>\n<td>Free cash&nbsp;flow<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>764<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>888<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>265<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>2,484<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>297<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td>*<\/td>\n<td>&nbsp;<\/td>\n<td>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 <span class=\"caps\">GAAP<\/span> net inco\u00adme for inte\u00adrest expen\u00adse, other inco\u00adme (expen\u00adse), net, inco\u00adme tax pro\u00advi\u00adsi\u00adon, equi\u00adty inco\u00adme in inves\u00adtee, stock-based com\u00adpen\u00adsa\u00adti\u00adon, and depre\u00adcia\u00adti\u00adon and amor\u00adtiza\u00adti\u00adon expen\u00adse. The Com\u00adpa\u00adny also included acqui\u00adsi\u00adti\u00adon-rela\u00adted cos\u00adts for the three months ended Sep\u00adtem\u00adber 25, 2021 and June 26, 2021. The Com\u00adpa\u00adny cal\u00adcu\u00adla\u00adtes and pres\u00adents Adjus\u00adted <span class=\"caps\">EBITDA<\/span> becau\u00adse 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 inco\u00adme 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 that can affect cash&nbsp;flows.<\/td>\n<\/tr>\n<tr>\n<td>**<\/td>\n<td>&nbsp;<\/td>\n<td>The Com\u00adpa\u00adny also pres\u00adents free cash flow as a sup\u00adple\u00admen\u00adtal Non-GAAP mea\u00adsu\u00adre of its per\u00adfor\u00admance. Free cash flow is deter\u00admi\u00adned by adjus\u00adting <span class=\"caps\">GAAP<\/span> net cash pro\u00advi\u00added by 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 free cash flow in the finan\u00adcial ear\u00adnings press release becau\u00adse 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 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 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 activities.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p><\/p><p align=\"center\">\u2014 Reve\u00adnue increased 54 per\u00adcent year-over-year \u2014 Gross Mar\u00adgin grew more than 4 per\u00adcen\u00adta\u00adge points year-over-year to 48 percent&nbsp;\u2014<\/p>\n<p align=\"left\"><span class=\"caps\">SANTA<\/span> <span class=\"caps\">CLARA<\/span>, Calif., Oct. 26, 2021 (<span class=\"caps\">GLOBE<\/span> <span class=\"caps\">NEWSWIRE<\/span>) \u2014&nbsp;<a href=\"https:\/\/www.amd.com\/\" target=\"_blank\" rel=\"nofollow noopener\"><span class=\"caps\">AMD<\/span><\/a>&nbsp;(<span class=\"caps\">NASDAQ<\/span>: <span class=\"caps\">AMD<\/span>) today announ\u00adced reve\u00adnue for the third quar\u00adter of 2021 of $4.3 bil\u00adli\u00adon, ope\u00adra\u00adting inco\u00adme of $948 mil\u00adli\u00adon, net inco\u00adme of $923 mil\u00adli\u00adon and diluted ear\u00adnings per share of $0.75. On a non-GAAP* basis, ope\u00adra\u00adting inco\u00adme was $1.1 bil\u00adli\u00adon, net inco\u00adme was $893 mil\u00adli\u00adon and diluted ear\u00adnings per share were $0.73.<\/p>\n<p> (\u2026) <a class=\"moretag\" href=\"https:\/\/www.planet3dnow.de\/cms\/63793-amd-reports-third-quarter-2021-financial-results\/\">Wei\u00adter\u00adle\u00adsen&nbsp;\u00bb<\/a><\/p>\n","protected":false},"author":593,"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":[2541,966,1599,368],"class_list":["post-63793","post","type-post","status-publish","format-standard","hentry","category-pressemitteilungen","tag-2541","tag-amd","tag-q3","tag-quartalszahlen","entry"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/63793","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\/593"}],"replies":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/comments?post=63793"}],"version-history":[{"count":1,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/63793\/revisions"}],"predecessor-version":[{"id":63794,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/63793\/revisions\/63794"}],"wp:attachment":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/media?parent=63793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/categories?post=63793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/tags?post=63793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}