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ADVANCED MICRO DEVICES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Millions except per share amounts and percentages) (Unaudited) | ||||||||||||
| Three Months Ended | ||||||||||||
| March 30,
2024 | December 30,
2023 | April 1,
2023 | ||||||||||
| Net revenue | $ | 5,473 | $ | 6,168 | $ | 5,353 | ||||||
| Cost of sales | 2,683 | 3,042 | 2,689 | |||||||||
| Amortization of acquisition-related intangibles | 230 | 215 | 305 | |||||||||
| Total cost of sales | 2,913 | 3,257 | 2,994 | |||||||||
| Gross profit | 2,560 | 2,911 | 2,359 | |||||||||
| Gross margin | 47 | % | 47 | % | 44 | % | ||||||
| Research and development | 1,525 | 1,511 | 1,411 | |||||||||
| Marketing, general and administrative | 620 | 644 | 585 | |||||||||
| Amortization of acquisition-related intangibles | 392 | 420 | 518 | |||||||||
| Licensing gain | (13 | ) | (6 | ) | (10 | ) | ||||||
| Operating income (loss) | 36 | 342 | (145 | ) | ||||||||
| Interest expense | (25 | ) | (27 | ) | (25 | ) | ||||||
| Other income (expense), net | 53 | 49 | 43 | |||||||||
| Income (loss) before income taxes and equity income | 64 | 364 | (127 | ) | ||||||||
| Income tax provision (benefit) | (52 | ) | (297 | ) | 13 | |||||||
| Equity income in investee | 7 | 6 | 1 | |||||||||
| Net income (loss) | $ | 123 | $ | 667 | $ | (139 | ) | |||||
| Earnings (loss) per share | ||||||||||||
| Basic | $ | 0.08 | $ | 0.41 | $ | (0.09 | ) | |||||
| Diluted | $ | 0.07 | $ | 0.41 | $ | (0.09 | ) | |||||
| Shares used in per share calculation | ||||||||||||
| Basic | 1,617 | 1,616 | 1,611 | |||||||||
| Diluted | 1,639 | 1,628 | 1,611 | |||||||||
AMD Reports First Quarter 2024 Financial Results
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