|
ADVANCED MICRO DEVICES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Millions except per share amounts and percentages) (Unaudited) | ||||||||||||||
| Three Months Ended | ||||||||||||||
| March 27,
2021 | December 26,
2020 | March 28,
2020 | ||||||||||||
| Net revenue | $ | 3,445 | $ | 3,244 | $ | 1,786 | ||||||||
| Cost of sales | 1,858 | 1,793 | 968 | |||||||||||
| Gross profit | 1,587 | 1,451 | 818 | |||||||||||
| Gross margin % | 46 | % | 45 | % | 46 | % | ||||||||
| Research and development | 610 | 573 | 442 | |||||||||||
| Marketing, general and administrative | 319 | 308 | 199 | |||||||||||
| Licensing gain | (4 | ) | — | — | ||||||||||
| Operating income | 662 | 570 | 177 | |||||||||||
| Interest expense | (9 | ) | (9 | ) | (13 | ) | ||||||||
| Other income (expense), net | (11 | ) | (15 | ) | 4 | |||||||||
| Income before income taxes and equity income | 642 | 546 | 168 | |||||||||||
| Income tax provision (benefit) | 89 | (1,232 | ) | 6 | ||||||||||
| Equity income in investee | 2 | 3 | — | |||||||||||
| Net Income | $ | 555 | $ | 1,781 | $ | 162 | ||||||||
| Earnings per share | ||||||||||||||
| Basic | $ | 0.46 | $ | 1.48 | $ | 0.14 | ||||||||
| Diluted | $ | 0.45 | $ | 1.45 | $ | 0.14 | ||||||||
| Shares used in per share calculation | ||||||||||||||
| Basic | 1,213 | 1,205 | 1,170 | |||||||||||
| Diluted | 1,231 | 1,226 | 1,224 | |||||||||||
