Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Advanced Micro Devices Inc., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Dec 30, 2023	Sep 30, 2023	Jul 1, 2023	Apr 1, 2023	Dec 31, 2022	Sep 24, 2022	Jun 25, 2022	Mar 26, 2022	Dec 25, 2021	Sep 25, 2021	Jun 26, 2021	Mar 27, 2021	Dec 26, 2020	Sep 26, 2020	Jun 27, 2020	Mar 28, 2020	Dec 28, 2019	Sep 28, 2019	Jun 29, 2019	Mar 30, 2019
Net revenue	6,168)	5,800)	5,359)	5,353)	5,599)	5,565)	6,550)	5,887)	4,826)	4,313)	3,850)	3,445)	3,244)	2,801)	1,932)	1,786)	2,127)	1,801)	1,531)	1,272)
Cost of sales	(3,042)	(2,843)	(2,704)	(2,689)	(2,753)	(2,799)	(3,115)	(2,883)	(2,400)	(2,227)	(2,020)	(1,858)	(1,793)	(1,571)	(1,084)	(968)	(1,178)	(1,024)	(910)	(751)
Amortization of acquisition-related intangibles	(215)	(210)	(212)	(305)	(443)	(412)	(407)	(186)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Cost of sales	(3,257)	(3,053)	(2,916)	(2,994)	(3,196)	(3,211)	(3,522)	(3,069)	(2,400)	(2,227)	(2,020)	(1,858)	(1,793)	(1,571)	(1,084)	(968)	(1,178)	(1,024)	(910)	(751)
Gross profit	2,911)	2,747)	2,443)	2,359)	2,403)	2,354)	3,028)	2,818)	2,426)	2,086)	1,830)	1,587)	1,451)	1,230)	848)	818)	949)	777)	621)	521)
Research and development	(1,511)	(1,507)	(1,443)	(1,411)	(1,366)	(1,279)	(1,300)	(1,060)	(811)	(765)	(659)	(610)	(573)	(508)	(460)	(442)	(395)	(406)	(373)	(373)
Marketing, general and administrative	(644)	(576)	(547)	(585)	(590)	(557)	(592)	(597)	(412)	(376)	(341)	(319)	(308)	(273)	(215)	(199)	(206)	(185)	(189)	(170)
Amortization of acquisition-related intangibles	(420)	(450)	(481)	(518)	(601)	(590)	(616)	(293)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Licensing gain	6)	10)	8)	10)	5)	8)	6)	83)	4)	3)	1)	4)	—)	—)	—)	—)	—)	—)	—)	60)
Operating income (loss)	342)	224)	(20)	(145)	(149)	(64)	526)	951)	1,207)	948)	831)	662)	570)	449)	173)	177)	348)	186)	59)	38)
Interest expense	(27)	(26)	(28)	(25)	(19)	(31)	(25)	(13)	(8)	(7)	(10)	(9)	(9)	(11)	(14)	(13)	(18)	(24)	(25)	(27)
Other income (expense), net	49)	59)	46)	43)	32)	22)	(4)	(42)	4)	62)	—)	(11)	(15)	(37)	1)	4)	(125)	(36)	3)	(7)
Income (loss) before income taxes and equity income (loss)	364)	257)	(2)	(127)	(136)	(73)	497)	896)	1,203)	1,003)	821)	642)	546)	401)	160)	168)	205)	126)	37)	4)
Income tax (provision) benefit	297)	39)	23)	(13)	154)	135)	(54)	(113)	(229)	(82)	(113)	(89)	1,232)	(12)	(4)	(6)	(35)	(7)	(2)	13)
Equity income (loss) in investee	6)	3)	6)	1)	3)	4)	4)	3)	—)	2)	2)	2)	3)	1)	1)	—)	—)	1)	—)	(1)
Net income (loss)	667)	299)	27)	(139)	21)	66)	447)	786)	974)	923)	710)	555)	1,781)	390)	157)	162)	170)	120)	35)	16)

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Income statement item	Description	The company
Net revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Advanced Micro Devices Inc. net revenue increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Advanced Micro Devices Inc. operating income (loss) increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Income (loss) before income taxes and equity income (loss)	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Advanced Micro Devices Inc. income (loss) before income taxes and equity income (loss) increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Net income (loss)	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Advanced Micro Devices Inc. net income (loss) increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

Advanced Micro Devices Inc. (NASDAQ:AMD)

Income StatementQuarterly Data

Income Statement
Quarterly Data