8-KEarnings & ResultsRegulation FDExhibits & Filings

ADVANCED MICRO DEVICES INC 8-K Report, Financial Results (Oct 20, 2016)

Filed October 20, 2016For Securities:AMD

Summary

This 8-K filing from Advanced Micro Devices Inc. (AMD) on October 20, 2016, primarily serves to announce the company's financial results for its fiscal quarter ended September 24, 2016. Investors should note that the information provided, including the press release and CFO commentary attached as exhibits, is furnished under Items 2.02 and 7.01, meaning it's not officially 'filed' and thus does not subject the company to Section 18 liabilities unless specifically incorporated into other filings. This announcement is crucial for understanding AMD's recent operational and financial performance. The filing highlights the company's use of both GAAP and non-GAAP financial measures. AMD emphasizes that these non-GAAP measures, such as non-GAAP gross margin, operating income, net income, and free cash flow, are provided to offer investors a clearer view of the company's core operational performance by excluding items not considered indicative of underlying trends. However, investors are cautioned to evaluate these non-GAAP measures alongside GAAP results, as they are not a substitute for GAAP reporting and may not be comparable to similarly named measures from other companies.

Key Highlights

  • 1Announcement of financial results for the fiscal quarter ended September 24, 2016.
  • 2Information furnished under Items 2.02 (Results of Operations and Financial Condition) and 7.01 (Regulation FD Disclosure).
  • 3Exhibits include a press release (Exhibit 99.1) and CFO commentary (Exhibit 99.2) detailing the quarterly results.
  • 4Company utilizes both GAAP and supplemental non-GAAP financial measures.
  • 5Non-GAAP measures include gross margin, operating expenses, operating income, net income, earnings per share, Adjusted EBITDA, and free cash flow.
  • 6AMD states that non-GAAP measures are intended to assist investors in comparing core performance by excluding non-indicative items.
  • 7Investors are advised to carefully evaluate GAAP results alongside non-GAAP measures and are cautioned that non-GAAP measures are not a substitute for GAAP.

Frequently Asked Questions