8-KEarnings & ResultsRegulation FDExhibits & Filings

ADVANCED MICRO DEVICES INC 8-K Report, Financial Results (May 1, 2017)

Filed May 1, 2017For Securities:AMD

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.

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 that ended on April 1, 2017. It includes a press release and commentary from the CFO to elaborate on these results.

Non-GAAP financial measures are financial metrics that exclude certain items from the corresponding GAAP (Generally Accepted Accounting Principles) measures. AMD presents these measures, such as non-GAAP gross margin, operating income, and earnings per share, because it believes they provide a more useful insight into the company's ongoing operational performance by excluding items that may not be indicative of its core business activities. However, investors should also review the GAAP figures and reconciliations provided.

No, the information furnished in this report under Items 2.02 and 7.01, including the exhibits, is generally considered 'furnished,' not 'filed.' This means it is not subject to the liability provisions of Section 18 of the Exchange Act and can only be incorporated by reference into other SEC filings if those filings specifically reference this furnished information.

The detailed financial information is available in the exhibits attached to this 8-K filing: Exhibit 99.1 is the press release dated May 1, 2017, and Exhibit 99.2 is the commentary from AMD's CFO regarding the first quarter results.