AMD Reports Second Quarter 2024 Financial Results


   Three Months Ended 
   June 29, 2024  March 30, 2024  July 1, 2023 
GAAP net income / earnings per share  $ 265   $ 0.16   $ 123   $ 0.07   $ 27   $ 0.02  
(Gains) losses on equity investments, net        3      3     
Stock-based compensation  346   0.21   371   0.23   348   0.21  
Equity income in investee     (7 )           (7 )           (6 )        
Amortization of acquisition-related intangibles     603       0.37       622       0.38       693       0.42    
Acquisition-related and other costs (1)     46       0.03       39       0.02       47       0.03    
Inventory loss at contract manufacturer (2)                 65       0.04                
Income tax provision     (127 )     (0.08 )     (203 )     (0.12 )     (164 )     (0.10 )  
Non-GAAP net income / earnings per share   $ 1,126     $ 0.69     $ 1,013     $ 0.62     $ 948     $ 0.58    

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