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 first quarter 2020 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) (Unaudited) | |||||||||||
| Three Months Ended | |||||||||||
|
March 28,
2020 |
December 28,
2019 |
March 30,
2019 | |||||||||
| GAAP gross margin | $ | 818 | $ | 949 | $ | 521 | |||||
| GAAP gross margin % | 46 | % | 45 | % | 41 | % | |||||
| Stock-based compensation | 2 | 1 | 1 | ||||||||
| Non-GAAP gross margin | $ | 820 | $ | 950 | $ | 522 | |||||
| Non-GAAP gross margin % | 46 | % | 45 | % | 41 | % | |||||
| GAAP operating expenses | $ | 641 | $ | 601 | $ | 543 | |||||
| Stock-based compensation | 57 | 56 | 40 | ||||||||
| Loss contingency on legal matter | - | - | 5 | ||||||||
| Non-GAAP operating expenses | $ | 584 | $ | 545 | $ | 498 | |||||
| GAAP operating income | $ | 177 | $ | 348 | $ | 38 | |||||
| Stock-based compensation | 59 | 57 | 41 | ||||||||
| Loss contingency on legal matter | - | - | 5 | ||||||||
| Non-GAAP operating income | $ | 236 | $ | 405 | $ | 84 | |||||
