8-KEarnings & ResultsRegulation FDExhibits & Filings

ADVANCED MICRO DEVICES INC 8-K Report, Financial Results (Jan 30, 2024)

Filed January 30, 2024For Securities:AMD

Summary

Advanced Micro Devices, Inc. (AMD) filed an 8-K on January 30, 2024, to announce its financial results for the fiscal quarter and year ended December 30, 2023. The filing includes a press release and a presentation detailing these results. Investors should note that AMD will host a conference call on the same day to discuss these results and provide forward-looking financial guidance. The company also emphasizes its use of non-GAAP financial measures, such as non-GAAP earnings per share and free cash flow, which are presented alongside GAAP figures to offer a clearer view of core operating performance and facilitate historical comparisons.

Key Highlights

  • 1AMD announced its fourth quarter and full-year 2023 financial results on January 30, 2024.
  • 2The company released a press release (Exhibit 99.1) and a financial results presentation (Exhibit 99.2) with the 8-K filing.
  • 3A conference call is scheduled for January 30, 2024, at 2:00 p.m. PT to discuss the results and provide future guidance.
  • 4AMD utilizes and presents non-GAAP financial measures, including non-GAAP gross profit, operating expenses, operating income, net income, earnings per share, Adjusted EBITDA, and free cash flow.
  • 5The company believes non-GAAP measures aid investors in comparing performance across periods by excluding items not indicative of core operations.
  • 6AMD reconciles its non-GAAP measures to the most directly comparable GAAP financial measures in its earnings release and presentation.
  • 7The information furnished in this 8-K is not deemed 'filed' for purposes of Section 18 of the Exchange Act, but can be incorporated by reference in future SEC filings.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly announce Advanced Micro Devices, Inc. (AMD)'s financial results for its fiscal quarter and full year ended December 30, 2023, and to provide accompanying materials such as a press release and a presentation for investors.

AMD will hold a conference call on January 30, 2024, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its financial results and provide forward-looking financial guidance.

AMD reports its financial results on a U.S. Generally Accepted Accounting Principles (GAAP) basis. Additionally, it provides non-GAAP financial measures, including non-GAAP gross profit, operating expenses, operating income, net income, earnings per share, Adjusted EBITDA, and free cash flow, which are reconciled to their most directly comparable GAAP measures.

AMD presents non-GAAP financial measures to make it easier for investors to compare its operating results across current and historical periods. The company believes these measures assist investors in comparing performance on a consistent basis by excluding items that are not considered indicative of its core operating performance.