The non-GAAP financial actions disclosed Within this earnings push release must be considered Together with rather than in its place for or excellent to AMD’s reported results organized in accordance with GAAP and will be read through only along with AMD’s Consolidated economic Statements well prepared in accordance with GAAP. These non-GAAP money measures referenced are reconciled for their most straight comparable GAAP economic actions in the info tables Within this earnings push launch. This earnings press release also incorporates ahead-looking non-GAAP gross margin relating to AMD’s monetary outlook, which is determined by present-day expectations as of July 30, 2024 and assumptions and beliefs that contain many risks and uncertainties. changes to arrive in the GAAP gross margin outlook commonly incorporate stock-based payment, amortization of acquired intangible assets and acquisition-relevant and various costs. The timing and effects of this sort of adjustments are dependent on long term gatherings that are generally unsure or beyond AMD's Command, consequently, a reconciliation to equal GAAP actions just isn't practicable presently. AMD undertakes no intent or obligation to publicly update or revise its outlook statements as a result of new data, potential events or otherwise, other than as may very well be required by law.

On top of that, the organization offers Adjusted EBITDA mainly because it believes this evaluate helps buyers in evaluating its general performance throughout reporting intervals on the steady basis by excluding products that the business won't believe that are indicative of its Main functioning performance. the business’s calculation of Adjusted EBITDA might or might not be consistent with the calculation of the measure by other companies in the same business. buyers shouldn't watch Adjusted EBITDA instead to the GAAP running evaluate of earnings or GAAP liquidity steps of cash flows from operating, investing and funding things to do. Additionally, altered EBITDA does not consider improvements in specific belongings and liabilities that may affect income flows.

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