What is the difference between GAAP and non-GAAP financial measures that AMD uses?

GAAP (Generally Accepted Accounting Principles) are standard accounting rules. Non-GAAP measures are adjusted by the company to exclude certain items like stock-based compensation, acquisition-related costs, or other items that management believes are not indicative of core operating performance. AMD uses these non-GAAP measures to help investors compare its performance over different periods more easily.

When and how can investors get more details about these results?

Investors can get more details by attending the conference call scheduled for July 27, 2021, at 2:00 p.m. PT (5:00 p.m. ET). The press release (Exhibit 99.1) and presentation (Exhibit 99.2) attached to this 8-K filing also provide detailed financial information and analysis.

Does this filing contain any specific financial figures for Q2 2021?

This specific 8-K filing (Item 2.02 and 7.01) primarily announces that the results are available and directs investors to the attached press release (Exhibit 99.1) and presentation (Exhibit 99.2) for the detailed financial figures, including revenue, profit, and earnings per share for Q2 2021.

AMD 8-K: Earnings & Results & Regulation FD

Q: What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to publicly announce Advanced Micro Devices Inc.'s (AMD) financial results for the second quarter ended June 26, 2021, and to provide forward-looking guidance. It serves as an official record of this information release.

Summary

Advanced Micro Devices Inc. (AMD) filed an 8-K on July 27, 2021, to announce its financial results for the second quarter ended June 26, 2021. The filing includes a press release (Exhibit 99.1) and a presentation (Exhibit 99.2) detailing the company's performance and providing forward-looking guidance. Investors should note that AMD is presenting both GAAP and non-GAAP financial measures, with the non-GAAP figures excluding certain items to offer a clearer view of core operating performance and facilitate comparisons across periods. The company has scheduled a conference call for the same day to discuss these results and its outlook. This 8-K serves as an informational update, and the furnished information is not deemed 'filed' for regulatory purposes unless specifically incorporated by reference into other SEC filings.

Key Highlights

1AMD announced its Q2 2021 financial results on July 27, 2021, via an 8-K filing.
2The filing includes a press release and a presentation of Q2 2021 financial performance and guidance.
3The company will host a conference call on July 27, 2021, to discuss the results and future outlook.
4AMD is providing both GAAP and non-GAAP financial measures, including non-GAAP EPS and free cash flow.
5Non-GAAP measures are used to enhance comparability and highlight core operating performance.
6A normalized non-GAAP tax rate of 15% for fiscal year 2021 is being used.
7The information furnished in this 8-K is not considered 'filed' under Section 18 of the Exchange Act.

ADVANCED MICRO DEVICES INC 8-K Report, Financial Results (Jul 27, 2021)

Summary

Key Highlights

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