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ADVANCED MICRO DEVICES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Millions except per share amounts and percentages) (Unaudited) | |||||||||||||||||||||
| Three Months Ended | Nine Months Ended | ||||||||||||||||||||
| September 25,
2021 | June 26,
2021 | September 26,
2020 | September 25,
2021 | September 26,
2020 | |||||||||||||||||
| Net revenue | $ | 4,313 | $ | 3,850 | $ | 2,801 | $ | 11,608 | $ | 6,519 | |||||||||||
| Cost of sales | 2,227 | 2,020 | 1,571 | 6,105 | 3,623 | ||||||||||||||||
| Gross profit | 2,086 | 1,830 | 1,230 | 5,503 | 2,896 | ||||||||||||||||
| Gross margin % | 48 | % | 48 | % | 44 | % | 47 | % | 44 | % | |||||||||||
| Research and development | 765 | 659 | 508 | 2,034 | 1,410 | ||||||||||||||||
| Marketing, general and administrative | 376 | 341 | 273 | 1,036 | 687 | ||||||||||||||||
| Licensing gain | (3 | ) | (1 | ) | — | (8 | ) | — | |||||||||||||
| Operating income | 948 | 831 | 449 | 2,441 | 799 | ||||||||||||||||
| Interest expense | (7 | ) | (10 | ) | (11 | ) | (26 | ) | (38 | ) | |||||||||||
| Other income (expense), net | 62 | — | (37 | ) | 51 | (32 | ) | ||||||||||||||
| Income before income taxes and equity income | 1,003 | 821 | 401 | 2,466 | 729 | ||||||||||||||||
| Income tax provision | 82 | 113 | 12 | 284 | 22 | ||||||||||||||||
| Equity income in investee | 2 | 2 | 1 | 6 | 2 | ||||||||||||||||
| Net Income | $ | 923 | $ | 710 | $ | 390 | $ | 2,188 | $ | 709 | |||||||||||
| Earnings per share | |||||||||||||||||||||
| Basic | $ | 0.76 | $ | 0.58 | $ | 0.33 | $ | 1.80 | $ | 0.60 | |||||||||||
| Diluted | $ | 0.75 | $ | 0.58 | $ | 0.32 | $ | 1.78 | $ | 0.59 | |||||||||||
| Shares used in per share calculation | |||||||||||||||||||||
| Basic | 1,214 | 1,216 | 1,184 | 1,214 | 1,176 | ||||||||||||||||
| Diluted | 1,230 | 1,232 | 1,215 | 1,231 | 1,208 | ||||||||||||||||
