| RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES | ||||||||||||||||||||
| (In millions, except per share data) (Unaudited) | ||||||||||||||||||||
| Three Months Ended | Year Ended | |||||||||||||||||||
|
December 26,
2020 |
September 26,
2020 |
December 28,
2019 |
December 26,
2020 |
December 28,
2019 | ||||||||||||||||
| GAAP gross profit | $ | 1,451 | $ | 1,230 | $ | 949 | $ | 4,347 | $ | 2,868 | ||||||||||
| GAAP gross margin % | 45 | % | 44 | % | 45 | % | 45 | % | 43 | % | ||||||||||
| Stock-based compensation | 1 | 1 | 1 | 6 | 6 | |||||||||||||||
| Non-GAAP gross profit | $ | 1,452 | $ | 1,231 | $ | 950 | $ | 4,353 | $ | 2,874 | ||||||||||
| Non-GAAP gross margin % | 45 | % | 44 | % | 45 | % | 45 | % | 43 | % | ||||||||||
| GAAP operating expenses | $ | 881 | $ | 781 | $ | 601 | $ | 2,978 | $ | 2,297 | ||||||||||
| GAAP operating expenses/revenue % | 27 | % | 28 | % | 28 | % | 31 | % | 34 | % | ||||||||||
| Stock-based compensation | 78 | 75 | 56 | 268 | 191 | |||||||||||||||
| Loss contingency on legal matter | — | — | — | — | 12 | |||||||||||||||
| Acquisition-related costs | 14 | — | — | 14 | — | |||||||||||||||
| Non-GAAP operating expenses | $ | 789 | $ | 706 | $ | 545 | $ | 2,696 | $ | 2,094 | ||||||||||
| Non-GAAP operating expenses/revenue% | 24 | % | 25 | % | 26 | % | 28 | % | 31 | % | ||||||||||
| GAAP operating income | $ | 570 | $ | 449 | $ | 348 | $ | 1,369 | $ | 631 | ||||||||||
| GAAP operating margin % | 18 | % | 16 | % | 16 | % | 14 | % | 9 | % | ||||||||||
| Stock-based compensation | 79 | 76 | 57 | 274 | 197 | |||||||||||||||
| Loss contingency on legal matter | — | — | — | — | 12 | |||||||||||||||
| Acquisition-related costs | 14 | — | — | 14 | — | |||||||||||||||
| Non-GAAP operating income | $ | 663 | $ | 525 | $ | 405 | $ | 1,657 | $ | 840 | ||||||||||
| Non-GAAP operating margin % | 20 | % | 19 | % | 19 | % | 17 | % | 12 | % | ||||||||||
AMD Reports Fourth Quarter and Full Year 2020 Financial Results
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