超威半导体公司AMD2024财年第四季度及全年度财务报告

AMDFINANCIALRESULTS February 4, 2025 CAUTIONARYSTATEMENT -'------""""""""-'-’’'---'----'--’’--ThispresentationcontainsforwardlookingstatementsconcerningAdvancedMicroDevices,Inc.(AMD),suchasthefeatures,functionality,performance,availability,timingandexpectedbenefitsoffutureAMDproducts;AMD slargegrowthopportunitiesacrossdiversesetofmarkets;AMD’sexpectedfirstquarter2025financialoutlook,includingrevenue,nonGAAPgrossmargin,nonGAAPoperatingexpenses,nonGAAPInterestExpense/OtherIncome(Expense),net,nonGAAPtaxrateanddilutedsharecount;AMD’slargeandcompellingTAM;AMD’sabilitytoexpandDataCenterandAIleadership;andAMD’sabilitytodrivelongtermshareholderreturns,whicharemadepursuanttotheSafeHarborprovisionsofthePrivateSecuritiesLitigationReformActof1995.Forwardlookingstatementsarecommonlyidentifiedbywordssuchas would,"may,"expects,"believes,"plans,"intends,"projects andothertermswithsimilarmeaning.Investorsarecautionedthattheforwardlookingstatementsinthispresentationarebasedoncurrentbeliefs,assumptionsandexpectations,speakonlyasofthedateofthispresentationandinvolverisksanduncertaintiesthatcouldcauseactualresultstodiffermateriallyfromcurrentexpectations.Suchstatementsaresubjecttocertainknownandunknownrisksanduncertainties,manyofwhicharedifficulttopredictandgenerallybeyondAMD scontrol,thatcouldcauseactualresultsandotherfutureeventstodiffermateriallyfromthoseexpressedin,orimpliedorprojectedby,theforwardlookinginformationandstatements.Materialfactorsthatcouldcauseactualresultstodiffermateriallyfromcurrentexpectationsinclude,withoutlimitation,thefollowing:IntelCorporationsdominanceofthemicroprocessormarketanditsaggressivebusinesspractices;Nvidiasdominanceinthegraphicsprocessingunitmarketanditsaggressivebusinesspractices;competitivemarketsinwhichAMD’sproductsaresold;thecyclicalnatureofthesemiconductorindustry;marketconditionsoftheindustriesinwhichAMDproductsaresold;AMD sabilitytointroduceproductsonatimelybasiswithexpectedfeaturesandperformancelevels;lossofasignificantcustomer;economicandmarketuncertainty;quarterlyandseasonalsalespatterns;AMD'sabilitytoadequatelyprotectitstechnologyorotherintellectualproperty;unfavorablecurrencyexchangeratefluctuations;abilityofthirdpartymanufacturerstomanufactureAMD'sproductsonatimelybasisinsufficientquantitiesandusingcompetitivetechnologies;availabilityofessentialequipment,materials,substratesormanufacturingprocesses;abilitytoachieveexpectedmanufacturingyieldsforAMD’sproducts;AMD'sabilitytogeneraterevenuefromitssemicustomSoCproducts;potentialsecurityvulnerabilities;potentialsecurityincidentsincludingIToutages,dataloss,databreachesandcyberattacks;uncertaintiesinvolvingtheorderingandshipmentofAMD’sproducts;AMD’srelianceonthirdpartyintellectualpropertytodesignandintroducenewproducts;AMD'srelianceonthirdpartycompaniesfordesign,manufactureandsupplyofmotherboards,software,memoryandothercomputerplatformcomponents;AMD'srelianceonMicrosoftandothersoftwarevendorssupporttodesignanddevelopsoftwaretorunonAMD’sproducts;AMD’srelianceonthirdpartydistributorsandaddinboardpartners;impactofmodificationorinterruptionofAMD’sinternalbusinessprocessesandinformationsystems;compatibilityofAMD’sproductswithsomeorallindustrystandardsoftwareandhardware;costsrelatedtodefectiveproducts;efficiencyofAMD'ssupplychain;AMD sabilitytorelyonthirdpartysupplychainlogisticsfunctions;AMD’sabilitytoeffectivelycontrolsalesofitsproductsonthegraymarket;longtermimpactofclimatechangeonAMD’sbusiness;impactofgovernmentactionsandregulationssuchasexportregulations,tariffsandtradeprotectionmeasures;AMD’sabilitytorealizeitsdeferredtaxassets;potentialtaxliabilities;currentandfutureclaimsandlitigation;impactofenvironmentallaws,conflictmineralsrelatedprovisionsandotherlawsorregulations;evolvingexpectationsfromgovernments,investors,customersandotherstakeholdersregardingcorporateresponsibilitymatters;issuesrelatedtotheresponsibleuseofAI;restrictionsimposedbyagreementsgoverningAMD’snotes,theguaranteesofXilinxsnotesandtherevolvingcreditagreement;impactofacquisitions,jointventuresand/orstrategicinvestmentsonAMD’sbusinessandAMD’sabilitytointegrateacquiredbusinesses;ourabilitytocompletetheacquisitionofZTSystems;impactofanyimpairmentofthecombinedcompanysassets;political,legalandeconomicrisksandnaturaldisasters;futureimpairmentsoftechnologylicensepurchases;AMD’sabilitytoattractandretainqualifiedpersonnel;andAMD’sstockpricevolatility.InvestorsareurgedtoreviewindetailtherisksanduncertaintiesinAMD’sSecuritiesandExchangeCommissionfilings,includingbutnotlimitedtoAMD’smost recentreportsonForms10Kand10Q. Thispresentationalsocontainsestimatesandotherstatisticaldatamadebyindependentpartiesandbyusrelatingtomarketsizeandotherdataaboutourindustry.Thisdatainvolvesanumberofassumptionsandlimitations,andyouarecautionednottogiveundueweighttosuchestimates. NON-GAAPFINANCIALMEASURES --------------------Inthispresentation,inaddition toGAAPfinancial results,AMDhasprovidednonGAAPfinancialmeasuresincludingnonGAAPgrossprofitandmargin,nonGAAPoperatingexpenses,nonGAAPoperatingexpe