— Revenue grew 9 percent year-over-year and 18 percent quarter-over-quarter;

Gross margin expanded to 43 percent, up 3 percentage points year-over-year —

SANTA CLARA, Calif., Oct. 29, 2019 (GLOBE NEWSWIRE) -- AMD (AMD) today announced revenue for the third quarter of 2019 of $1.80 billion, operating income of $186 million, net income of $120 million and diluted earnings per share of $0.11. On a non-GAAP(*) basis, operating income was $240 million, net income was $219 million and diluted earnings per share was $0.18.

GAAP Quarterly Financial Results

Q3 2019 Q3 2018 Y/Y Q2 2019 Q/Q Revenue ($B) $1.80 $1.65 Up 9% $1.53 Up 18% Gross margin 43% 40% Up 3 pp 41% Up 2 pp Operating expense ($M) $591 $511 Up $80 $562 Up $29 Operating income ($M) $186 $150 Up $36 $59 Up $127 Net income ($M) $120 $102 Up $18 $35 Up $85 Earnings per share $0.11 $0.09 Up $0.02 $0.03 Up $0.08

Non-GAAP(*) Quarterly Financial Results

Q3 2019 Q3 2018 Y/Y Q2 2019 Q/Q Revenue ($B) $1.80 $1.65 Up 9% $1.53 Up 18% Gross margin 43% 40% Up 3 pp 41% Up 2 pp Operating expense ($M) $539 $476 Up $63 $512 Up $27 Operating income ($M) $240 $186 Up $54 $111 Up $129 Net income ($M) $219 $150 Up $69 $92 Up $127 Earnings per share $0.18 $0.13 Up $0.05 $0.08 Up $0.10

“Our first full quarter of 7nm Ryzen, Radeon and EPYC processor sales drove our highest quarterly revenue since 2005, our highest quarterly gross margin since 2012 and a significant increase in net income year-over-year,” said Dr. Lisa Su, AMD president and CEO. “I am extremely pleased with our progress as we have the strongest product portfolio in our history, significant customer momentum and a leadership product roadmap for 2020 and beyond.”

Q3 2019 Results



Revenue was $1.80 billion, up 9 percent year-over-year and 18 percent quarter-over-quarter due to higher revenue in the Computing and Graphics segment, partially offset by lower revenue in the Enterprise, Embedded and Semi-Custom segment.

Gross margin was 43 percent, up 3 percentage points year-over-year and 2 percentage points quarter-over-quarter, primarily driven by increased Ryzen TM and EPYC TM processor sales.

Operating income was $186 million compared to $150 million a year ago and $59 million in the prior quarter. Non-GAAP operating income was $240 million compared to $186 million a year ago and $111 million in the prior quarter. The year-over-year and sequential increases were primarily due to higher revenue in the Computing and Graphics segment.

Net income was $120 million compared to $102 million a year ago and $35 million in the prior quarter. Non-GAAP net income was $219 million compared to $150 million a year ago and $92 million in the prior quarter.

Diluted earnings per share was $0.11 compared to $0.09 a year ago and $0.03 in the prior quarter. Non-GAAP diluted earnings per share was $0.18 compared to $0.13 a year ago and $0.08 in the prior quarter.

Cash, cash equivalents and marketable securities were $1.2 billion at the end of the quarter.

Quarterly Financial Segment Summary



Story continues

Computing and Graphics segment revenue was $1.28 billion, up 36 percent year-over-year and sequentially. Higher revenue was primarily driven by increased Ryzen client processor sales. Client processor average selling price (ASP) increased year-over-year primarily driven by Ryzen desktop processor sales and increased quarter-over-quarter driven by both Ryzen desktop and mobile processor sales. GPU ASP increased year-over-year driven by higher channel sales and decreased quarter-over-quarter due to a higher proportion of mobile sales. Operating income was $179 million compared to $100 million a year ago and $22 million in the prior quarter. The year-over-year and quarter-over-quarter increase was primarily due to higher revenue.

Enterprise, Embedded and Semi-Custom segment revenue was $525 million, down 27 percent year-over-year and 11 percent sequentially. The year-over-year and quarter-over-quarter decreases were primarily due to lower semi-custom product revenue, partially offset by higher EPYC processor sales. Operating income was $61 million, compared to $86 million a year ago and $89 million in the prior quarter. The year-over-year and quarter-over-quarter decreases were due to lower revenue and higher operating expenses.

All Other operating loss was $54 million compared to $36 million a year ago and $52 million in the prior quarter.

Q3 2019 PR Highlights

AMD launched the 2 nd Gen AMD EPYC™ processors with record-setting performance across multiple enterprise, cloud and high performance computing workloads, alongside an expansive, global ecosystem of data center partners and customers. Google announced deployment of 2 nd Gen AMD EPYC processors in its internal infrastructure and that it will offer new general-purpose machines powered by the processors on Google Cloud Compute Engine. Twitter announced that 2 nd Gen AMD EPYC processor deployments across its data center infrastructure will lower total cost of ownership by 25 percent while reducing the environmental impact of its data centers. Cray announced that UK Research and Innovation will leverage Cray’s Shasta supercomputer powered by 2nd Gen AMD EPYC processors for its new ARCHER2 system. Expected to be the UK’s most powerful supercomputer, it will power research across multiple disciplines, including oil and gas, sustainability and health. Cray also announced that the Air Force Weather Agency will use a Cray Shasta system with 2 nd Gen AMD EPYC processors to provide comprehensive terrestrial and space weather information to the U.S. Air Force and Army. Dell Technologies , HPE , Lenovo and others announced support for over a dozen new 2 nd Gen AMD EPYC processor-powered platforms for enterprise, HPC and cloud customers. IBM Cloud and Nokia detailed the performance advantages of 2 nd Gen AMD EPYC processors for their cloud and 5G customers, including cloud security improvements, better memory bandwidth for big data and analytics workloads, core scaling and significantly better packet throughput.

Microsoft announced that its new 15-inch Microsoft Surface Laptop 3 will be powered by an AMD Ryzen™ mobile processor. The result of a multi-year co-engineering effort, the system combines the custom AMD Ryzen™ Microsoft Surface Edition processor with an optimized Windows operating system software stack to create an ultra-powerful, ultra-thin notebook with all-day battery life.

Leading PC companies expanded their AMD Ryzen processor-powered offerings with new commercial and consumer offerings, including: HP and Lenovo announced they will offer new desktop business PCs featuring the recently launched AMD Ryzen™ PRO 3000 Series and AMD Ryzen™ PRO processors with Radeon™ Vega Graphics. AMD also launched the AMD Athlon™ PRO processors with Radeon Vega Graphics. The new processors deliver powerful, energy-efficient performance and commercial-grade reliability. HP unveiled its first AMD-powered gaming laptop, the Pavilion Gaming 15 Laptop, featuring the 2 nd Gen AMD Ryzen™ 7 mobile processors. HP also announced the Pavilion Gaming Desktop, offering 2 nd and 3 rd Gen AMD Ryzen™ 7 desktop processors. Lenovo announced that the new consumer-focused IdeaCentre A540 and IdeaPad S540 will offer high-end Ryzen CPU options.

AMD Radeon™ graphics products based on the groundbreaking new RDNA gaming architecture bring powerful performance and advanced features: AMD announced the AMD Radeon™ RX 5500 Series graphics products, bringing the RDNA architecture to desktop PCs with the Radeon™ RX 5500 graphics card and to notebook PCs with the Radeon™ RX 5500M GPU. Systems will be available from top OEMs including Acer, HP, Lenovo and MSI beginning this November. AIB partners including Sapphire , MSI , Asus , PowerColor , Gigabyte and XFX released new Radeon™ RX 5700 series graphics cards with incredible designs for multiple form factors.

Microsoft began the public preview for its Project xCloud cloud-based game streaming service, which is powered by the same custom-made SoC used in Xbox One S consoles to deliver a high-quality mobile game streaming experience to players around the world.

AMD was named one of Fast Company’s Best Places to Work for Innovators for 2019, highlighting its commitment to cultivating a workplace where employees can do their best work and push the boundaries of high-performance computing.

Current Outlook



AMD’s outlook statements are based on current expectations. The following statements are forward-looking, and actual results could differ materially depending on market conditions and the factors set forth under “Cautionary Statement” below.



For the fourth quarter of 2019, AMD expects revenue to be approximately $2.1 billion, plus or minus $50 million, an increase of approximately 48 percent year-over-year and approximately 17 percent sequentially. The year-over-year and sequential increases are expected to be driven by an increase in Ryzen, EPYC and Radeon product sales. AMD expects non-GAAP gross margin to be approximately 44 percent in the fourth quarter of 2019.

AMD Teleconference



AMD will hold a conference call for the financial community at 2:30 p.m. PT (5:30 p.m. ET) today to discuss its third quarter 2019 financial results. AMD will provide a real-time audio broadcast of the teleconference on the Investor Relations page of its website at www.amd.com . The webcast will be available for 12 months after the conference call.





RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data) Three Months Ended September 28,

2019 June 29,

2019 September 29,

2018 GAAP gross margin $ 777 $ 621 $ 661 GAAP gross margin % 43 % 41 % 40 % Stock-based compensation 2 2 1 Non-GAAP gross margin $ 779 $ 623 $ 662 Non-GAAP gross margin % 43 % 41 % 40 % GAAP operating expenses $ 591 $ 562 $ 511 Stock-based compensation 52 43 35 Loss contingency on legal matter — 7 — Non-GAAP operating expenses $ 539 $ 512 $ 476 GAAP operating income $ 186 $ 59 $ 150 Stock-based compensation 54 45 36 Loss contingency on legal matter — 7 — Non-GAAP operating income $ 240 $ 111 $ 186





Three Months Ended September 28,

2019 June 29,

2019 September 29,

2018 GAAP net income / earnings per share $ 120 $ 0.11 $ 35 $ 0.03 $ 102 $ 0.09 Loss on debt redemption/conversion 40 0.03 — — 6 — Non-cash interest expense related to convertible debt 6 — 6 — 6 0.01 Stock-based compensation 54 0.04 45 0.04 36 0.03 Equity income in investee (1 ) — — — — — Loss contingency on legal matter — — 7 0.01 — — Provision (benefit) for income taxes — — (1 ) — — — Non-GAAP net income / earnings per share (1) $ 219 $ 0.18 $ 92 $ 0.08 $ 150 $ 0.13 Shares used and net income adjustment in

earnings per share calculation Shares used in per share calculation (GAAP) 1,117 1,109 1,076 Interest expense add-back to GAAP net income $ — $ — $ — Shares used in per share calculation (Non-GAAP) 1,212 1,210 1,177 Interest expense add-back to Non-GAAP net income $ 4 $ 5 $ 5 (1) For the three months ended September 28, 2019, Non-GAAP diluted EPS calculation includes the 95 million shares

related to the Company’s 2026 Convertible Notes and the associated $4 million interest expense add-back to net income

under the "if converted" method.



For the three months ended June 29, 2019 and September 29, 2018, Non-GAAP diluted EPS calculation includes the

100.6 million shares related to the Company’s 2026 Convertible Notes and the associated $5 million interest expense

add-back to net income under the "if converted" method.

About AMD



For 50 years, AMD has driven innovation in high-performance computing, graphics and visualization technologies – the building blocks for gaming, immersive platforms and the data center. Hundreds of millions of consumers, leading Fortune 500 businesses and cutting-edge scientific research facilities around the world rely on AMD technology daily to improve how they live, work and play. AMD employees around the world are focused on building great products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (AMD) website , blog , Facebook and Twitter pages.

Cautionary Statement

This document contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as AMD's expectations regarding its long-term product roadmap for 2020 and beyond; the features, functionality, performance, availability, timing and expected benefits of AMD products; and AMD’s expected fourth quarter of 2019 and fiscal 2019 financial outlook, including revenue, as well as the expected drivers of such revenue, and non-GAAP gross margin, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as "would," "may," "expects," "believes," "plans," "intends," "projects" and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this document are based on current beliefs, assumptions and expectations, speak only as of the date of this document and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD's control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation’s dominance of the microprocessor market and its aggressive business practices; the ability of GLOBALFOUNDRIES Inc. to satisfy AMD’s manufacturing requirements; the ability of third party manufacturers to manufacture AMD's products on a timely basis in sufficient quantities and using competitive technologies; expected manufacturing yields for AMD’s products; AMD's ability to introduce products on a timely basis with features and performance levels that provide value to its customers while supporting and coinciding with significant industry transitions; AMD's ability to generate sufficient revenue and operating cash flow or obtain external financing for research and development or other strategic investments; the loss of a significant customer; AMD's ability to generate revenue from its semi-custom SoC products; global economic uncertainty; political, legal and economic risks and natural disasters; potential security vulnerabilities; potential IT outages, data loss, data breaches and cyber-attacks; quarterly and seasonal sales patterns; AMD's ability to generate sufficient cash to service its debt obligations or meet its working capital requirements; AMD's indebtedness; the restrictions imposed by agreements governing AMD’s notes and the secured credit facility; the competitive markets in which AMD’s products are sold; the potential dilutive effect if the 2.125% Convertible Senior Notes due 2026 are converted; uncertainties involving the ordering and shipment of AMD’s products; the market conditions of the industries in which AMD products are sold; AMD’s reliance on third-party intellectual property to design and introduce new products in a timely manner; AMD's reliance on third-party companies for the design, manufacture and supply of motherboards, software and other computer platform components; AMD's reliance on Microsoft Corporation and other software vendors' support to design and develop software to run on AMD’s products; AMD’s reliance on third-party distributors and add-in-board partners; future impairments of goodwill and technology license purchases; AMD’s ability to attract and retain qualified personnel; AMD's ability to repurchase its outstanding debt in the event of a change of control; the cyclical nature of the semiconductor industry; the impact of acquisitions, divestitures, joint ventures and/or investments on AMD's business; the impact of modification or interruption of AMD’s internal business processes and information systems; the availability of essential equipment, materials or manufacturing processes; compatibility of AMD’s products with some or all industry-standard software and hardware; costs related to defective products; the efficiency of AMD's supply chain; AMD's ability to rely on third party supply-chain logistics functions; AMD’s stock price volatility; worldwide political conditions; unfavorable currency exchange rate fluctuations; AMD’s ability to effectively control the sales of its products on the gray market; AMD's ability to adequately protect its technology or other intellectual property; current and future claims and litigation; potential tax liabilities; and environmental laws, conflict minerals-related provisions and other laws or regulations. Investors are urged to review in detail the risks and uncertainties in AMD's Securities and Exchange Commission filings, including but not limited to AMD's Quarterly Report on Form 10-Q for the quarter ended June 29, 2019.

* In this earnings press release, in addition to GAAP financial results, AMD has provided non-GAAP financial measures including non-GAAP gross margin, non-GAAP operating expense, non-GAAP operating income, non-GAAP net income and non-GAAP earnings per share. These non-GAAP financial measures reflect certain adjustments as presented in the tables in this earnings press release. AMD has also provided adjusted EBITDA and free cash flow as supplemental non-GAAP measures of its performance. These items are defined in the footnotes to the selected corporate data tables provided at the end of this earnings press release. AMD is providing these financial measures because it believes this non-GAAP presentation makes it easier for investors to compare its operating results for current and historical periods and also because AMD believes it assists investors in comparing AMD’s performance across reporting periods on a consistent basis by excluding items that it does not believe are indicative of its core operating performance and for the other reasons described in the footnotes to the selected data tables. Refer to the data tables at the end of this earnings press release.



AMD, the AMD Arrow logo, EPYC, Radeon, Ryzen, Athlon and combinations thereof, are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and used to identify companies and products and may be trademarks of their respective owner.





ADVANCED MICRO DEVICES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Millions except per share amounts and percentages)

Three Months Ended Nine Months Ended September 28, 2019 June 29,

2019 September 29, 2018 September 28, 2019 September 29, 2018 Net revenue $ 1,801 $ 1,531 $ 1,653 $ 4,604 $ 5,056 Cost of sales 1,024 910 992 2,685 3,146 Gross margin 777 621 661 1,919 1,910 Gross margin % 43 % 41 % 40 % 42 % 38 % Research and development 406 373 363 1,152 1,063 Marketing, general and administrative 185 189 148 544 424 Licensing gain — — — (60 ) — Operating income 186 59 150 283 423 Interest expense (24 ) (25 ) (30 ) (76 ) (92 ) Other income (expense), net (36 ) 3 (6 ) (40 ) (4 ) Income before income taxes and equity loss 126 37 114 167 327 Provision (benefit) for income taxes 7 2 12 (4 ) 26 Equity income (loss) in investee 1 — — — (2 ) Net Income $ 120 $ 35 $ 102 $ 171 $ 299 Earnings per share Basic $ 0.11 $ 0.03 $ 0.10 $ 0.16 $ 0.31 Diluted $ 0.11 $ 0.03 $ 0.09 $ 0.15 $ 0.28 Shares used in per share calculation Basic 1,097 1,084 987 1,075 976 Diluted 1,117 1,109 1,076 1,107 1,058

ADVANCED MICRO DEVICES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Millions)

September 28,

2019 (1) December 29,

2018 (2) Assets Current assets: Cash and cash equivalents $ 1,156 $ 1,078 Marketable securities 53 78 Accounts receivable, net 1,393 1,235 Inventories, net 1,040 845 Prepayment and receivables - related parties 17 34 Prepaid expenses and other current assets 253 270 Total current assets 3,912 3,540 Property and equipment, net 453 348 Operating lease right-of use assets 205 — Goodwill 289 289 Investment: equity method 59 58 Other assets 335 321 Total Assets $ 5,253 $ 4,556 Liabilities and Stockholders' Equity Current liabilities: Short-term debt, net $ — $ 136 Accounts payable 763 834 Payables to related parties 215 207 Accrued liabilities 837 783 Other current liabilities 49 24 Total current liabilities 1,864 1,984 Long-term debt, net 872 1,114 Long-term operating lease liabilities 201 — Other long-term liabilities 140 192 Stockholders' equity: Capital stock: Common stock, par value 11 10 Additional paid-in capital 9,490 8,750 Treasury stock, at cost (53 ) (50 ) Accumulated deficit (7,265 ) (7,436 ) Accumulated other comprehensive loss (7 ) (8 ) Total Stockholders' equity $ 2,176 $ 1,266 Total Liabilities and Stockholders' Equity $ 5,253 $ 4,556 (1) During the first quarter of 2019, the Company adopted the new lease accounting standard, ASC 842, Leases, which resulted

in an increase to assets and liabilities for leases primarily related to office buildings. The adoption of this standard had no

impact to the Company's results of operations or statement of cash flows. (2) During the second quarter of 2019, GLOBALFOUNDRIES Inc. (GF) ceased being a related party of the Company. All

prior period GF related party balances have been reclassified to conform to the current period presentation.

ADVANCED MICRO DEVICES, INC.

SELECTED CASH FLOW INFORMATION

(Millions)

Three Months Ended Nine Months Ended September 28, 2019 September 28, 2019 Net cash provided by (used in) Operating activities $ 234 $ 51 Investing activities $ 57 $ (123 ) Financing activities $ (98 ) $ 150

SELECTED CORPORATE DATA

(Millions)

Three Months Ended Nine Months Ended September 28, 2019 June 29,

2019 September 29, 2018 September 28, 2019 September 29, 2018 Segment and Category Information Computing and Graphics (1) Net revenue $ 1,276 $ 940 $ 938 $ 3,047 $ 3,139 Operating income $ 179 $ 22 $ 100 $ 217 $ 355 Enterprise, Embedded and Semi-Custom (2) Net revenue $ 525 $ 591 $ 715 $ 1,557 $ 1,917 Operating income $ 61 $ 89 $ 86 $ 218 $ 169 All Other (3) Net revenue $ — $ — $ — $ — $ — Operating loss $ (54 ) $ (52 ) $ (36 ) $ (152 ) $ (101 ) Total Net revenue $ 1,801 $ 1,531 $ 1,653 $ 4,604 $ 5,056 Operating income $ 186 $ 59 $ 150 $ 283 $ 423 Other Data Capital expenditures $ 55 $ 58 $ 33 $ 175 $ 122 Adjusted EBITDA (4) $ 300 $ 163 $ 227 $ 593 $ 651 Cash, cash equivalents and marketable securities $ 1,209 $ 1,128 $ 1,056 $ 1,209 $ 1,056 Free cash flow (5) $ 179 $ (28 ) $ 44 $ (124 ) $ (208 ) Total assets $ 5,253 $ 5,102 $ 4,347 $ 5,253 $ 4,347 Total debt $ 872 $ 1,031 $ 1,303 $ 872 $ 1,303





(1) The Computing and Graphics segment primarily includes desktop and notebook processors and chipsets, discrete and integrated graphics

processing units (GPUs), data center and professional GPUs, and development services. The Company also licenses portions of its intellectual

property portfolio. (2) The Enterprise, Embedded and Semi-Custom segment primarily includes server and embedded processors, semi-custom System-on-Chip

(SoC) products, development services and technology for game consoles. The Company also licenses portions of its intellectual property

portfolio. (3) All Other category primarily includes certain expenses and credits that are not allocated to any of the operating segments. Also included in

this category is stock-based compensation expense. (4) Reconciliation of GAAP Net Income to Adjusted EBITDA*





Three Months Ended Nine Months Ended September 28, 2019 June 29,

2019 September 29, 2018 September 28, 2019 September 29, 2018 GAAP net income $ 120 $ 35 $ 102 $ 171 $ 299 Interest expense 24 25 30 76 92 Other (income) expense, net 36 (3 ) 6 40 4 Provision (benefit) for income taxes 7 2 12 (4 ) 26 Equity (income) loss in investee (1 ) — — — 2 Stock-based compensation 54 45 36 140 101 Depreciation and amortization 60 52 41 158 127 Loss contingency on legal matter — 7 — 12 — Adjusted EBITDA $ 300 $ 163 $ 227 $ 593 $ 651





(5) Free Cash Flow Reconciliation**





Three Months Ended Nine Months Ended September 28, 2019 June 29,

2019 September 29, 2018 September 28, 2019 September 29, 2018 GAAP net cash provided by (used in) operating activities $ 234 $ 30 $ 77 $ 51 $ (86 ) Purchases of property and equipment (55 ) (58 ) (33 ) (175 ) (122 ) Free cash flow $ 179 $ (28 ) $ 44 $ (124 ) $ (208 )





* The Company presents “Adjusted EBITDA” as a supplemental measure of its performance. Adjusted EBITDA for the Company is determined by adjusting GAAP net income for interest expense, other income (expense), net, provision (benefit) for income taxes, equity income (loss) on investee, stock-based compensation, and depreciation and amortization expense. In addition, the Company also included a loss contingency on legal matter in the three months ended June 29, 2019 and the nine months ended September 28, 2019. The Company calculates and presents Adjusted EBITDA because management believes it is of importance to investors and lenders in relation to its overall capital structure and its ability to borrow additional funds. In addition, the Company presents Adjusted EBITDA because it believes this measure assists investors in comparing its performance across reporting periods on a consistent basis by excluding items that the Company does not believe are indicative of its core operating performance. The Company’s calculation of Adjusted EBITDA may or may not be consistent with the calculation of this measure by other companies in the same industry. Investors should not view Adjusted EBITDA as an alternative to the GAAP operating measure of income or GAAP liquidity measures of cash flows from operating, investing and financing activities. In addition, Adjusted EBITDA does not take into account changes in certain assets and liabilities that can affect cash flows. ** The Company also presents free cash flow as a supplemental Non-GAAP measure of its performance. Free cash flow is determined by adjusting GAAP net cash provided by (used in) operating activities for capital expenditures. The Company calculates and communicates free cash flow in the financial earnings press release because management believes it is of importance to investors to understand the nature of these cash flows. The Company’s calculation of free cash flow may or may not be consistent with the calculation of this measure by other companies in the same industry. Investors should not view free cash flow as an alternative to GAAP liquidity measures of cash flows from operating activities. All periods presented conform to the current period presentation. The Company has provided reconciliations within the earnings press release of these Non-GAAP financial measures to the most directly comparable GAAP financial measures.



Media Contact:



Drew Prairie

AMD Communications

512-602-4425

drew.prairie@amd.com

Investor Contact:

Laura Graves

AMD Investor Relations

408-749-5467

laura.graves@amd.com