Advanced Micro Devices (AMD) has released an update to notify the public and investors about a regulation fd disclosure.
Advanced Micro Devices, Inc. disclosed its financial results for the fiscal quarter and year ending December 30, 2023, and scheduled a conference call to discuss these outcomes and future financial projections on January 30, 2024. In addition to standard GAAP metrics, the company provided non-GAAP financial measures to offer a consistent basis for comparing current and historical performance, which they believe is not reflected by GAAP results alone. These non-GAAP figures, including a normalized non-GAAP tax rate of 13%, aim to give investors a clearer picture of the company’s core operating performance. The reconciliation between GAAP and non-GAAP metrics is provided in accompanying data tables.
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For a comprehensive understanding of the announcement, you can read the full document here.