|
ADVANCED MICRO DEVICES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Millions except per share amounts and percentages) (Unaudited) | ||||||||||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||||||||||
| June 26,
2021 | March 27,
2021 | June 27,
2020 | June 26,
2021 | June 27,
2020 | ||||||||||||||||
| Net revenue | $ | 3,850 | $ | 3,445 | $ | 1,932 | $ | 7,295 | $ | 3,718 | ||||||||||
| Cost of sales | 2,020 | 1,858 | 1,084 | 3,878 | 2,052 | |||||||||||||||
| Gross profit | 1,830 | 1,587 | 848 | 3,417 | 1,666 | |||||||||||||||
| Gross margin % | 48 | % | 46 | % | 44 | % | 47 | % | 45 | % | ||||||||||
| Research and development | 659 | 610 | 460 | 1,269 | 902 | |||||||||||||||
| Marketing, general and administrative | 341 | 319 | 215 | 660 | 414 | |||||||||||||||
| Licensing gain | (1 | ) | (4 | ) | — | (5 | ) | — | ||||||||||||
| Operating income | 831 | 662 | 173 | 1,493 | 350 | |||||||||||||||
| Interest expense | (10 | ) | (9 | ) | (14 | ) | (19 | ) | (27 | ) | ||||||||||
| Other income (expense), net | — | (11 | ) | 1 | (11 | ) | 5 | |||||||||||||
| Income before income taxes and equity income | 821 | 642 | 160 | 1,463 | 328 | |||||||||||||||
| Income tax provision | 113 | 89 | 4 | 202 | 10 | |||||||||||||||
| Equity income in investee | 2 | 2 | 1 | 4 | 1 | |||||||||||||||
| Net Income | $ | 710 | $ | 555 | $ | 157 | $ | 1,265 | $ | 319 | ||||||||||
| Earnings per share | ||||||||||||||||||||
| Basic | $ | 0.58 | $ | 0.46 | $ | 0.13 | $ | 1.04 | $ | 0.27 | ||||||||||
| Diluted | $ | 0.58 | $ | 0.45 | $ | 0.13 | $ | 1.03 | $ | 0.27 | ||||||||||
| Shares used in per share calculation | ||||||||||||||||||||
| Basic | 1,216 | 1,213 | 1,174 | 1,214 | 1,172 | |||||||||||||||
| Diluted | 1,232 | 1,231 | 1,227 | 1,231 | 1,225 | |||||||||||||||
