AMD Reports Third Quarter 2023 Financial Results


   Three Months Ended 
   September 30,
2023
  July 1,
2023
  September 24,
2022
 
GAAP net income / diluted earnings per share  $ 299   $ 0.18   $ 27   $ 0.02   $ 66   $ 0.04  
(Gains) losses on equity investments, net  (4)     3      3     
Stock-based compensation  353   0.22   348   0.21   269   0.16  
Equity income in investee  (3 )           (6 )           (4 )        
Amortization of acquisition-related intangibles     660       0.41       693       0.42       1,002       0.62    
Acquisition-related and other costs (1)     39       0.02       47       0.03       57       0.04    
Income tax provision     (209 )     (0.13 )     (164 )     (0.10 )     (298 )     (0.19 )  
Non-GAAP net income / diluted earnings per share   $ 1,135     $ 0.70     $ 948     $ 0.58     $ 1,095     $ 0.67    

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