AMD Reports Second Quarter 2023 Financial Results


(1) The Data Center segment primarily includes server microprocessors (CPUs) and graphics processing units (GPUs), data processing units (DPUs), Field Programmable Gate Arrays (FPGAs) and Adaptive System-on-Chip (SoC) products for data centers.
  The Client segment primarily includes CPUs, accelerated processing units that integrate microprocessors and GPUs (APUs), and chipsets for desktop and notebook personal computers.
  The Gaming segment primarily includes discrete GPUs, semi-custom SoC products and development services.
  The Embedded segment primarily includes embedded CPUs and GPUs, FPGAs, and Adaptive SoC products.
  From time to time, the Company may also sell or license portions of its IP portfolio.
  All Other category primarily includes certain expenses and credits that are not allocated to any of the operating segments, such as amortization of acquisition-related intangible asset, employee stock-based compensation expense, acquisition-related and other costs, and licensing gain.


(2)  Reconciliation of GAAP Net Income (Loss) to Adjusted EBITDA


  Three Months Ended Six Months Ended
  July 1,
2023
 April 1,
2023
 June 25,
2022
 July 1,
2023
 June 25,
2022
GAAP net income (loss) $27  $(139) $447  $(112) $1,233 
Interest expense  28   25   25   53   38 
Other (income) expense, net    (46 )     (43 )     4       (89 )     46  
Income tax provision (benefit)     (23 )     13       54       (10 )     167  
Equity income in investee     (6 )     (1 )     (4 )     (7 )     (7 )
Stock-based compensation     348       305       259       653       433  
Depreciation and amortization     156       159       157       315       287  
Amortization of acquisition-related intangibles     693       823       1,023       1,516       1,502  
Acquisition-related and other costs     47       115       174       162       407  
Adjusted EBITDA   $ 1,224     $ 1,257     $ 2,139     $ 2,481     $ 4,106  

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