AMD Reports First Quarter 2024 Financial Results


   Three Months Ended
   March 30,
2024
  December 30,
2023
  April 1,
2023
GAAP net income (loss) / earnings (loss) per share  $ 123   $ 0.07   $ 667   $ 0.41   $ (139 )  $ (0.09 )
(Gains) losses on equity investments, net  3      1      (1)   
Stock-based compensation  371   0.23   374   0.23   305   0.19  
Equity income in investee     (7 )           (6 )           (1 )      
Amortization of acquisition-related intangibles     622       0.38       635       0.39       823       0.51  
Acquisition-related and other costs (1)     39       0.02       61       0.04       115       0.07  
Inventory loss at contract manufacturer (2)     65       0.04                          
Income tax provision     (203 )     (0.12 )     (483 )     (0.30 )     (132 )     (0.08 )
Non-GAAP net income / earnings per share   $ 1,013     $ 0.62     $ 1,249     $ 0.77     $ 970     $ 0.60  

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