AMD Reports Third Quarter 2020 Financial Results


   Three Months Ended
   September 26,
2020
  June 27,
2020
  September 28,
2019
GAAP net income / earnings per share   $ 390   $ 0.32  $ 157   $ 0.13   $ 120   $ 0.11
Loss on debt redemption/conversion 38  0.03     40  0.03
Non-cash interest expense related to convertible debt 2   2    6  
Stock-based compensation 76  0.06 60  0.05  54  0.04
Equity income in investee (1)  (1)   (1) 
Income tax provision (4)    (2 )          
Non-GAAP net income / earnings per share   $ 501     $ 0.41   $ 216     $ 0.18     $ 219     $ 0.18
                         
Shares used and net income adjustment in
earnings per share calculation (1)
                       
Shares used in per share calculation (GAAP)   1,215   1,227     1,117
Interest expense add-back to GAAP net income   $ 1   $ 3     $
Shares used in per share calculation (Non-GAAP)   1,230   1,227     1,212
Interest expense add-back to Non-GAAP net income   $ 1   $ 1     $ 4

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