8-KEarnings & ResultsRegulation FDExhibits & Filings

ADVANCED MICRO DEVICES INC 8-K Report, Financial Results (Jul 30, 2019)

Filed July 30, 2019For Securities:AMD

Summary

Advanced Micro Devices Inc. (AMD) filed an 8-K report on July 30, 2019, to announce its financial results for the second quarter of 2019. The report includes a press release (Exhibit 99.1) and a financial presentation (Exhibit 99.2) detailing the company's performance. AMD is also holding a conference call on the same day to discuss these results and provide forward-looking financial guidance. This filing is crucial for investors as it provides insight into AMD's operational performance and financial health. The company is presenting both GAAP and non-GAAP financial measures, including non-GAAP gross margin, operating expenses, net income, earnings per share, Adjusted EBITDA, and free cash flow. AMD emphasizes that these non-GAAP measures are intended to offer a clearer view of core performance by excluding certain items, and advises investors to consider them alongside GAAP figures and reconciliations.

Key Highlights

  • 1AMD released its second quarter 2019 financial results on July 30, 2019, via an 8-K filing.
  • 2The filing includes a press release and a financial presentation providing details on Q2 2019 performance.
  • 3A conference call was scheduled for July 30, 2019, to discuss results and provide future financial guidance.
  • 4The company is presenting both GAAP and several non-GAAP financial measures to investors.
  • 5Non-GAAP measures include gross margin, operating expenses, net income, earnings per share, Adjusted EBITDA, and free cash flow.
  • 6AMD believes non-GAAP measures help investors assess core performance by excluding certain items.
  • 7Investors are cautioned to review both GAAP and non-GAAP measures, including reconciliations provided by the company.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce and provide details of Advanced Micro Devices Inc.'s (AMD) financial results for the second quarter of 2019. It also includes information for a conference call to discuss these results and future guidance.

The filing discloses AMD's financial position and results of operations for the second quarter of 2019. This includes both Generally Accepted Accounting Principles (GAAP) financial measures and supplemental non-GAAP financial measures such as non-GAAP gross margin, operating expenses, net income, earnings per share, Adjusted EBITDA, and free cash flow.

AMD provides non-GAAP financial measures to assist investors in comparing the company's core performance. These measures exclude certain items that the company believes are not indicative of its underlying operating performance, offering an alternative view alongside traditional GAAP reporting.

Investors can find more detailed information in Exhibit 99.1 (Press Release dated July 30, 2019) and Exhibit 99.2 (Second Quarter 2019 Financial Results Presentation) attached to this 8-K filing.