8-KEarnings & ResultsRegulation FDExhibits & Filings

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

Filed July 27, 2021For Securities:AMD

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.

Frequently Asked Questions

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.

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.

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.

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.