AMD Teleconference
AMD will hold a conference call for the financial community at 2:30 p.m. PT (5:30 p.m. ET) today to discuss its third quarter 2019 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. The webcast will be available for 12 months after the conference call.
| RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES | ||||||||||||
| (In millions, except per share data) | Three Months Ended | |||||||||||
|
September 28,
2019 |
June 29,
2019 |
September 29,
2018 | ||||||||||
| GAAP gross margin | $ | 777 | $ | 621 | $ | 661 | ||||||
| GAAP gross margin % | 43 | % | 41 | % | 40 | % | ||||||
| Stock-based compensation | 2 | 2 | 1 | |||||||||
| Non-GAAP gross margin | $ | 779 | $ | 623 | $ | 662 | ||||||
| Non-GAAP gross margin % | 43 | % | 41 | % | 40 | % | ||||||
| GAAP operating expenses | $ | 591 | $ | 562 | $ | 511 | ||||||
| Stock-based compensation | 52 | 43 | 35 | |||||||||
| Loss contingency on legal matter | — | 7 | — | |||||||||
| Non-GAAP operating expenses | $ | 539 | $ | 512 | $ | 476 | ||||||
| GAAP operating income | $ | 186 | $ | 59 | $ | 150 | ||||||
| Stock-based compensation | 54 | 45 | 36 | |||||||||
| Loss contingency on legal matter | — | 7 | — | |||||||||
| Non-GAAP operating income | $ | 240 | $ | 111 | $ | 186 | ||||||
