AMD Teleconference
AMD will hold a conference call for the financial community at 2:00 p.m. PT (5:00 p.m. ET) today to discuss its second quarter 2021 financial results. AMD will provide a real-time audio broadcast of the teleconference on the
Investor Relations page of its website at
www.amd.com.
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES | ||||||||||||
(In millions, except per share data) (Unaudited) | ||||||||||||
Three Months Ended | ||||||||||||
June 26,
2021 |
March 27,
2021 |
June 27,
2020 | ||||||||||
GAAP gross profit | $ | 1,830 | $ | 1,587 | $ | 848 | ||||||
GAAP gross margin % | 48 | % | 46 | % | 44 | % | ||||||
Stock-based compensation | 2 | 1 | 2 | |||||||||
Non-GAAP gross profit | $ | 1,832 | $ | 1,588 | $ | 850 | ||||||
Non-GAAP gross margin % | 48 | % | 46 | % | 44 | % | ||||||
GAAP operating expenses | $ | 1,000 | $ | 929 | $ | 675 | ||||||
GAAP operating expenses/revenue % | 26 | % | 27 | % | 35 | % | ||||||
Stock-based compensation | 81 | 84 | 58 | |||||||||
Acquisition-related costs | 10 | 15 | — | |||||||||
Non-GAAP operating expenses | $ | 909 | $ | 830 | $ | 617 | ||||||
Non-GAAP operating expenses/revenue% | 24 | % | 24 | % | 32 | % | ||||||
GAAP operating income | $ | 831 | $ | 662 | $ | 173 | ||||||
GAAP operating margin % | 22 | % | 19 | % | 9 | % | ||||||
Stock-based compensation | 83 | 85 | 60 | |||||||||
Acquisition-related costs | 10 | 15 | — | |||||||||
Non-GAAP operating income | $ | 924 | $ | 762 | $ | 233 | ||||||
Non-GAAP operating margin % | 24 | % | 22 | % | 12 | % | ||||||