AMD Files 8-K on Financial Results and Regulation FD Disclosure

Ticker: AMD · Form: 8-K · Filed: Jan 30, 2024 · CIK: 2488

Advanced Micro Devices Inc 8-K Filing Summary
FieldDetail
CompanyAdvanced Micro Devices Inc (AMD)
Form Type8-K
Filed DateJan 30, 2024
Risk Levellow
Pages3
Reading Time3 min
Key Dollar Amounts$0.01
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: earnings, financial-condition, regulation-fd

TL;DR

**AMD just dropped an 8-K with fresh financial results, so get ready for potential stock movement.**

AI Summary

Advanced Micro Devices, Inc. (AMD) filed an 8-K on January 30, 2024, to report its results of operations and financial condition, along with a Regulation FD Disclosure. This filing, under SEC File Number 001-07882, indicates that AMD is providing updated financial information to the public. For investors, this matters because it provides crucial, timely data on AMD's performance, which can influence stock price and investment decisions.

Why It Matters

This filing provides investors with the latest financial health and operational performance of AMD, which is essential for making informed buy, sell, or hold decisions.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results and does not inherently signal high risk, though the content of the results themselves could be positive or negative.

Analyst Insight

A smart investor would review the full financial results once they are publicly available to understand the underlying performance and future outlook before making any investment decisions.

Key Numbers

  • 001-07882 — SEC File Number (identifies AMD's registration with the SEC)
  • 20240130 — Filing Date (indicates the timeliness of the financial information)

Key Players & Entities

  • ADVANCED MICRO DEVICES, INC. (company) — the registrant filing the 8-K
  • January 30, 2024 (date) — date of report and earliest event reported
  • 001-07882 (string) — Commission File Number for AMD
  • Delaware (string) — State of Incorporation for AMD
  • The Nasdaq Global Select Market (string) — exchange where AMD Common Stock is registered

Forward-Looking Statements

  • AMD's stock price will experience volatility following the detailed release of the financial results. (AMD) — medium confidence, target: 2024-02-06

FAQ

What is the primary purpose of this 8-K filing by Advanced Micro Devices, Inc.?

The primary purpose of this 8-K filing, dated January 30, 2024, is to report on the company's 'Results of Operations and Financial Condition' and to provide a 'Regulation FD Disclosure', as indicated in the 'ITEM INFORMATION' section.

On what date was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing occurred on January 30, 2024, as stated under 'Date of Report (Date of earliest event reported)'.

What is the Commission File Number for Advanced Micro Devices, Inc. as listed in this filing?

The Commission File Number for Advanced Micro Devices, Inc. is 001-07882, as specified in the filing.

Where are Advanced Micro Devices, Inc.'s principal executive offices located according to this 8-K?

According to the filing, Advanced Micro Devices, Inc.'s principal executive offices are located at 2485 Augustine Drive, Santa Clara, California 95054.

On which exchange is Advanced Micro Devices, Inc.'s Common Stock registered?

Advanced Micro Devices, Inc.'s Common Stock, with a $0.01 par value and trading symbol AMD, is registered on The Nasdaq Global Select Market, as listed under 'Securities registered pursuant to Section 12(b) of the Act'.

Filing Stats: 825 words · 3 min read · ~3 pages · Grade level 11.2 · Accepted 2024-01-30 16:16:19

Key Financial Figures

  • $0.01 — nge on which registered Common Stock, $0.01 par value AMD The Nasdaq Global Selec

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. On January 30, 2024, Advanced Micro Devices, Inc. (the "Company") announced its financial position and results of operations as of and for its fiscal quarter and fiscal year ended December 30, 2023 in a press release that is attached hereto as Exhibit 99.1. Attached hereto as Exhibit 99.2 is a presentation regarding the Company's fiscal quarter and fiscal year ended December 30, 2023. The Company will hold a conference call on January 30, 2024 at 2:00 p.m. PT (5:00 p.m. ET) to discuss its fiscal quarter and fiscal year ended December 30, 2023 financial results and forward-looking financial guidance. To supplement the Company's financial results presented on a U.S. Generally Accepted Accounting Principles ("GAAP") basis, the Company's earnings press release and presentation contains non-GAAP financial measures, including non-GAAP gross profit, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income, non-GAAP earnings per share, Adjusted EBITDA and free cash flow. The Company uses a normalized tax rate in its computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. For fiscal 2023, AMD used a non-GAAP tax rate of 13%, which excludes the tax impact of pre-tax non-GAAP adjustments. The Company believes this non-GAAP presentation makes it easier for investors to compare its operating results for current and historical periods and also because the Company believes it assists investors in comparing the Company's performance across reporting periods on a consistent basis by excluding items that it does not believe are indicative of its core operating performance. The Company's non-GAAP financial measures should be viewed in addition to and not as a substitute for or superior to the Company's reported results prepared in accordance with GAAP and should be read only in conjunction with AMD's Consolidated Financial Statements prepared in accordance with GAAP. These no

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. EXHIBIT INDEX Exhibit No. Description 99.1 Press release dated January 3 0 , 20 24 99.2 Fourth Quarter and FY 202 3 Financial Results Presentation 104 Inline XBRL for the cover page of this Current Report on Form 8-K SIGNATURE Pursuant to the requirements of the Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date:January 30, 2024 ADVANCED MICRO DEVICES, INC. By: /s/ Jean Hu Name: Jean Hu Title: Executive Vice President, Chief Financial Officer & Treasurer

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