Summary
Advanced Micro Devices, Inc. (AMD) filed an 8-K on October 26, 2021, to announce its financial results for the third quarter ended September 25, 2021. The filing includes a press release (Exhibit 99.1) and a presentation (Exhibit 99.2) detailing these results. These documents are typically reviewed during the company's earnings call, scheduled for the same day to discuss performance and provide forward-looking financial guidance. Investors should note that AMD is presenting both GAAP and non-GAAP financial measures. The non-GAAP measures, which exclude certain items like tax impacts and are adjusted for a normalized tax rate, are provided to facilitate easier comparison of operating results across periods and to highlight core operating performance. A reconciliation of these non-GAAP measures to their GAAP counterparts is available in the earnings press release and presentation.
Key Highlights
- 1AMD announced its Q3 2021 financial results on October 26, 2021, via an 8-K filing.
- 2The filing includes a press release and a financial results presentation for Q3 2021.
- 3A conference call was scheduled for October 26, 2021, to discuss results and provide future guidance.
- 4The company is providing both GAAP and non-GAAP financial measures.
- 5Non-GAAP measures are used to enhance comparability across reporting periods and to focus on core operating performance.
- 6A normalized non-GAAP tax rate of 15% for fiscal year 2021 is being used.
- 7Reconciliations of non-GAAP to GAAP measures are available in the accompanying press release and presentation.