AMD — Oct 29, 2024 release

$208 Million a year ago Primarily due to lower revenuePrimarily due to lower semi-custom revenue   Q3 2024 FINANCIAL RESULTS – OCTOBER 29, 202419 EMBEDDED SEGMENT Q3 2024 ▪ Broad adoption of AMD VersalTM across multiple aerospace customers, including SpaceX whose latest generation broadband satellites are powered by Versal AI Core adaptive SoCs ▪ Introduced AMD Artix UltraScale+ XA AU7P, an automotive-qualified FPGA optimized for use in ADAS sensor applications and in-vehicle infotainment ▪ Introduced AMD EPYC Embedded 8004 Series processors, designed to deliver outstanding performance for high-demand workloads while optimizing power efficiency ▪ Launched AMD Alveo UL3422 Accelerator Card, AMD’s newest fintech accelerator for ultra-low latency electronic trading applications Strategic Highlights $0.9B Q3 2023 Q3 2024 49% 40% Q3 2023 Q3 2024 Revenue Operating Margin Revenue $927 Million Down 25% y/y Primarily due to inventory normalization among customers Operating Income $372 Million vs. $612 Million a year ago $1.2B Primarily due to lower revenue   20 Q3 2024 FINANCIAL RESULTS – OCTOBER 29, 2024 ($ in millions) Q4’24 Revenue ~$7.5 Billion, +/- $300 Million Gross Margin ~54.0% Operating Expenses ~$2.05 Billion Interest Expense/Other Income (Expense), net ~$17 Million Effective Tax Rate ~13% of pre-tax income Diluted Share Count² ~1.64 Billion shares FINANCIAL OUTLOOK – NON-GAAP1 1. 1. See Cautionary Statement on Slide 2. These forward-looking outlook statements and non-GAAP measures are based on current expectations as of October 29, 2024, and assumptions and beliefs that involve numerous risks and uncertainties. AMD undertakes no intent or obligation to publicly update or revise its outlook statements as a result of new information, future events or otherwise, except as may be required by law. All items, except revenue, are on a non-GAAP basis. Adjustments to arrive at the GAAP financial outlook typically include stock-based compensation, amortization of acquired intangible assets, income tax provision, and other non-recurring items such as impairment charges and acquisition-related costs. The timing and impact of such adjustments are dependent on future events that are typically uncertain or outside of AMD's control, therefore, a reconciliation to equivalent GAAP measures is not practicable at this time. 2. 2. Refer to Diluted Shar