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.