AMD Reports Second Quarter 2023 Financial Results


The Company also presents free cash flow as a supplemental Non-GAAP measure of its performance. Free cash flow is determined by adjusting GAAP net cash provided by operating activities for capital expenditures, and free cash flow margin % is free cash flow expressed as a percentage of the Company's net revenue. The Company calculates and communicates free cash flow in the financial earnings press release because management believes it is of importance to investors to understand the nature of these cash flows. The Company’s calculation of free cash flow may or may not be consistent with the calculation of this measure by other companies in the same industry. Investors should not view free cash flow as an alternative to GAAP liquidity measures of cash flows from operating activities.


Media Contact:
Drew Prairie
AMD Communications
512-602-4425
Email Contact
        
Investor Contact:
Mitch Haws
AMD Investor Relations
408-749-3124
Email Contact


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