ADVANCED MICRO DEVICES, INC. (NASDAQ:AMD) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
including Exhibits 99.1 and 99.2 attached hereto, shall not be
deemed filed for the purposes of Section 18 of the Securities and
Exchange Act of 1934, as amended (the Exchange Act), or otherwise
subject to the liabilities of that section. It may only be
incorporated by reference in another filing under the Exchange Act
or the Securities Act of 1933, as amended, if such subsequent
filing specifically references the information furnished to Items
2.02 and 7.01 of this report.
announced its financial position and results of operations as of
and for its fiscal quarter ended April 1, 2017 in a press release
that is attached hereto as Exhibit 99.1. Attached hereto as Exhibit
99.2 is financial information and commentary by Devinder Kumar,
Senior Vice President, Chief Financial Officer and Treasurer of the
Company, regarding the Companys fiscal quarter ended April 1, 2017.
Generally Accepted Accounting Principles (GAAP) basis, the Companys
earnings press release and CFO commentary contain non-GAAP
financial measures, including non-GAAP gross margin, non-GAAP
operating expenses, non-GAAP research and development and
marketing, general and administrative expenses, non-GAAP operating
income (loss), non-GAAP net income (loss), non-GAAP earnings (loss)
per share, non-GAAP interest expense, taxes and other, Adjusted
EBITDA and non-GAAP free cash flow. The Company believes that the
supplemental non-GAAP financial measures assist investors in
comparing the Company’s core performance by excluding items that
it believes are not indicative of the Companys underlying operating
performance. The Company cautions investors to carefully evaluate
the financial results calculated in accordance with GAAP and the
supplemental non-GAAP financial measures and reconciliations. The
Companys non-GAAP financial measures are not intended to be
considered in isolation and are not a substitute for, or superior
to, financial measures calculated in accordance with GAAP.
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EXHIBIT INDEX
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Exhibit No.
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Description
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99.1
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Press release dated May 1, 2017
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99.2
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CFO Commentary on 2017 First Quarter Results
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About ADVANCED MICRO DEVICES, INC. (NASDAQ:AMD)
Advanced Micro Devices, Inc. is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as a standalone central processing unit (CPU) or as incorporated into an accelerated processing unit (APU), chipsets, and discrete graphics processing units (GPUs) for the consumer, commercial and professional graphics markets, and server and embedded CPUs, GPUs and APUs, and semi-custom System-on-Chip (SoC) products and technology for game consoles. It operates in two segments: the Computing and Graphics segment, which includes desktop and notebook processors and chipsets, discrete GPUs and professional graphics, and the Enterprise, Embedded and Semi-Custom segment, which includes server and embedded processors, dense servers, semi-custom SoC products, engineering services and royalties. Its desktop PC product brands for microprocessors are AMD A-Series, AMD E-Series, AMD FX CPU, AMD Athlon CPU and APU. ADVANCED MICRO DEVICES, INC. (NASDAQ:AMD) Recent Trading Information
ADVANCED MICRO DEVICES, INC. (NASDAQ:AMD) closed its last trading session up +0.32 at 13.62 with 50,375,992 shares trading hands.