Summary
This 8-K filing by Advanced Micro Devices, Inc. (AMD) on May 1, 2017, primarily serves to disclose its financial results for the fiscal quarter ended April 1, 2017. The report includes a press release (Exhibit 99.1) and commentary from the CFO (Exhibit 99.2) detailing the company's financial performance and position. Investors should note that the information furnished is considered non-filed and may not be incorporated by reference without specific mention. The company is providing both GAAP and non-GAAP financial measures to offer a more comprehensive view of its performance. Non-GAAP measures, such as non-GAAP gross margin, operating income, net income, and earnings per share, are presented to exclude items that AMD believes are not indicative of its core operating performance. Investors are encouraged to review both GAAP and non-GAAP figures, along with the provided reconciliations, to gain a full understanding of the company's financial health and operational trends.
Key Highlights
- 1AMD filed an 8-K on May 1, 2017, to report its financial results for the fiscal quarter ended April 1, 2017.
- 2The filing includes a press release (Exhibit 99.1) and CFO commentary (Exhibit 99.2) on the quarterly results.
- 3Information provided is furnished, not filed, and has specific implications for incorporation by reference into other SEC filings.
- 4AMD is presenting both GAAP and non-GAAP financial measures for the quarter.
- 5Non-GAAP financial measures include gross margin, operating expenses, operating income (loss), net income (loss), earnings (loss) per share, and free cash flow.
- 6The company uses non-GAAP measures to provide a clearer view of underlying operating performance by excluding certain items.
- 7Investors are advised to consider both GAAP and non-GAAP measures, and to carefully review reconciliations.