| (1 | ) | The Data Center segment primarily includes server microprocessors, GPUs, data processing units (DPUs), Field Programmable Gate Arrays (FPGAs) and adaptive SoC products for data centers. | |
| The Client segment primarily includes microprocessors, accelerated processing units (APUs) that integrate microprocessors and graphics, and chipsets for desktop and notebook personal computers. | |||
| The Gaming segment primarily includes discrete graphics processing units (GPUs), semi-custom System-on-Chip (SoC) products and development services. | |||
| The Embedded segment primarily includes embedded microprocessors, GPUs, FPGAs, adaptive SoC products, and Adaptive Compute Acceleration Platform (ACAP) products. | |||
| From time to time, the Company may also sell or license portions of its IP portfolio. | |||
| All Other category primarily includes certain expenses and credits that are not allocated to any of the operating segments. Also included in this category are acquisition-related intangible asset amortization expense, stock-based compensation expense, acquisition-related costs and licensing gain. | |||
| (2 | ) | Reconciliation of GAAP Net Income to Adjusted EBITDA | |
| Three Months Ended | Six Months Ended | ||||||||||||||||
| June 25,
2022 | June 26,
2021 | June 25,
2022 | June 26,
2021 | ||||||||||||||
| GAAP net income | $ | 447 | $ | 710 | $ | 1,233 | $ | 1,265 | |||||||||
| Interest expense | 25 | 10 | 38 | 19 | |||||||||||||
| Other (income) expense, net | 4 | — | 46 | 11 | |||||||||||||
| Income tax provision | 54 | 113 | 167 | 202 | |||||||||||||
| Equity income in investee | (4 | ) | (2 | ) | (7 | ) | (4 | ) | |||||||||
| Stock-based compensation | 259 | 83 | 433 | 168 | |||||||||||||
| Depreciation and amortization | 157 | 97 | 287 | 192 | |||||||||||||
| Amortization of acquired intangible assets | 1,023 | — | 1,502 | — | |||||||||||||
| Acquisition-related costs | 174 | 10 | 407 | 25 | |||||||||||||
| Adjusted EBITDA | $ | 2,139 | $ | 1,021 | $ | 4,106 | $ | 1,878 | |||||||||
