AMD Reports Fourth Quarter and Full Year 2023 Financial Results

 

  Three Months Ended Year Ended
  December 30, 
2023
  September 30,
2023
  December 31, 
2022
  December 30, 
2023
  December 31, 
2022
GAAP net income / earnings per share $ 667   $ 0.41   $ 299   $ 0.18   $ 21   $ 0.01   $ 854   $ 0.53   $ 1,320   $ 0.84 
(Gains) losses on equity investments, net 1      (4)     5       (1 )           62       0.04  
Stock-based compensation   374       0.23       353       0.22       310       0.19       1,380       0.85       1,012       0.64  
Equity income in investee   (6 )           (3 )           (3 )           (16 )     (0.01 )     (14 )     (0.01 )
Amortization of acquisition-related intangibles   635       0.39       660       0.41       1,044       0.65       2,811       1.73       3,548       2.26  
Acquisition-related and other costs (1)   61       0.04       39       0.02       57       0.04       262       0.16       521       0.33  
Income tax provision   (483 )     (0.30 )     (209 )     (0.13 )     (321 )     (0.20 )     (988 )     (0.61 )     (945 )     (0.60 )
Non-GAAP net income / earnings per share $ 1,249     $ 0.77     $ 1,135     $ 0.70     $ 1,113     $ 0.69     $ 4,302     $ 2.65     $ 5,504     $ 3.50  

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