AMD Reports First Quarter 2022 Financial Results


   Three Months Ended
   March 26,
2022
  December 25,
2021
  March 27,
2021
GAAP net income / earnings per share  $ 786   $ 0.56   $ 974   $ 0.80  $ 555   $ 0.45 
Loss on debt redemption/conversion             6   0.01 
(Gains) losses on equity investments, net  44   0.03   (4)    8   0.01 
Stock-based compensation  174   0.12       112       0.09     85       0.07  
Equity income in investee     (3 )                     (2 )      
Acquisition-related costs (1)     233       0.17       9           15       0.01  
Amortization of acquired intangible assets     479       0.34                        
Income tax provision     (124 )     (0.09 )     31       0.03     (25 )     (0.03 )
Non-GAAP net income / earnings per share   $ 1,589     $ 1.13     $ 1,122     $ 0.92   $ 642     $ 0.52  
                         

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