8-KEarnings & ResultsRegulation FDExhibits & Filings

ADVANCED MICRO DEVICES INC 8-K Report, Financial Results (Apr 21, 2016)

Filed April 21, 2016For Securities:AMD

Summary

This 8-K filing from Advanced Micro Devices Inc. (AMD) on April 21, 2016, primarily serves to disclose its financial results for the fiscal quarter ended March 26, 2016. The report includes a press release (Exhibit 99.1) and commentary from the CFO (Exhibit 99.2), providing insights into the company's performance. Investors should note that the company is presenting both GAAP and non-GAAP financial measures, with the latter intended to offer a clearer view of core operational performance by excluding certain items. While the specific financial figures are detailed in the attached exhibits, the filing indicates a focus on supplementing GAAP results with non-GAAP metrics such as gross margin, operating expenses, net income, and earnings per share. These non-GAAP measures, along with Adjusted EBITDA and non-GAAP free cash flow, are presented to aid investors in understanding the company's underlying business operations. Investors are advised to review these non-GAAP measures alongside the official GAAP figures for a comprehensive understanding.

Key Highlights

  • 1AMD filed an 8-K on April 21, 2016, to report financial results for the fiscal quarter ended March 26, 2016.
  • 2The filing includes a press release and CFO commentary (Exhibits 99.1 and 99.2).
  • 3The company is presenting both GAAP and non-GAAP financial measures.
  • 4Non-GAAP financial measures are provided to offer a view of core performance, excluding certain items.
  • 5Key non-GAAP metrics highlighted include gross margin, operating expenses, net income (loss), and earnings (loss) per share.
  • 6Adjusted EBITDA and non-GAAP free cash flow are also presented as supplemental financial information.
  • 7Investors are encouraged to evaluate both GAAP and non-GAAP measures, understanding that non-GAAP is not a substitute for GAAP.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly disclose Advanced Micro Devices Inc.'s (AMD) financial results and operational performance for its fiscal quarter ended March 26, 2016. It includes a press release and commentary from the Chief Financial Officer.

AMD presents both U.S. Generally Accepted Accounting Principles (GAAP) financial measures and supplemental non-GAAP financial measures. The non-GAAP measures are intended to help investors compare core performance by excluding certain items.

AMD provides non-GAAP financial measures because it believes they assist investors in comparing its core performance by excluding items that may not be indicative of the company's underlying operating performance. These include metrics like non-GAAP gross margin, operating income, net income, and earnings per share, as well as Adjusted EBITDA and non-GAAP free cash flow.

Investors should be aware that the non-GAAP financial measures are supplemental and should be evaluated carefully alongside the official GAAP financial results. AMD cautions that these non-GAAP measures are not intended to be considered in isolation and are not a substitute for, or superior to, financial measures calculated in accordance with GAAP.