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 | | |
