Summary
This 8-K filing from Advanced Micro Devices, Inc. (AMD) on April 25, 2018, announces the company's financial results for the fiscal quarter ended March 31, 2018. The report primarily serves to furnish the company's earnings press release, which contains both GAAP and non-GAAP financial measures. Investors should note that the non-GAAP measures are provided to offer a clearer view of the company's core operational performance by excluding certain items deemed not indicative of underlying results. The company encourages investors to review both the GAAP and non-GAAP figures, emphasizing that the non-GAAP measures are supplemental and not a substitute for GAAP reporting. The press release, attached as Exhibit 99.1, details the financial position and operational results for the first quarter of 2018, providing key metrics for evaluating AMD's performance during that period. This filing does not include any significant new business developments beyond the earnings announcement.
Key Highlights
- 1AMD announced its financial results for the fiscal quarter ended March 31, 2018, via a press release filed on April 25, 2018.
- 2The filing includes both GAAP and non-GAAP financial measures in its earnings announcement.
- 3Non-GAAP financial measures such as gross margin, operating expenses, net income, and earnings per share are provided.
- 4The company uses non-GAAP measures to aid investors in comparing core performance by excluding certain items.
- 5Adjusted EBITDA and free cash flow are also presented as supplemental non-GAAP financial metrics.
- 6AMD advises investors to evaluate GAAP results alongside non-GAAP measures, noting the latter are not replacements for GAAP.
- 7The information provided is furnished under Items 2.02 and 7.01 and is not considered 'filed' for purposes of Section 18 of the Exchange Act.