#1AMD THIRD QUARTER 2021 FINANCIAL RESULTS OCTOBER 26, 2021#22 CAUTIONARY STATEMENT This presentation contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as the features, functionality, performance, availability, timing and expected benefits of AMD products; the Xilinx, Inc. transaction remaining on track to close by end of year; AMD's expected fourth quarter 2021 and fiscal year 2021 financial outlook, including revenue, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating expenses as a percentage of revenue, non-GAAP interest expense, taxes and other, non-GAAP tax rates and diluted share count; and AMD's leadership roadmaps, increasing market share, execution excellence and strong shareholder returns, 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 presentation are based on current beliefs, assumptions and expectations, speak only as of the date of this presentation 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; global economic uncertainty; the loss of a significant customer; the impact of the COVID-19 pandemic on AMD's business, financial condition and results of operations; the competitive markets in which AMD's products are sold; quarterly and seasonal sales patterns; market conditions of the industries in which AMD products are sold; the cyclical nature of the semiconductor industry; AMD's ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; the ability of third party manufacturers to manufacture AMD's products on a timely basis in sufficient quantities and using competitive technologies; the availability of essential equipment, materials, substrates or manufacturing processes; 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; AMD's ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential IT outages, data loss, data breaches and cyber-attacks; uncertainties involving the ordering and shipment of AMD's products; 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; the impact of modification or interruption of AMD's internal business processes and information systems; 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 ability to effectively control the sales of its products on the gray market; the impact of government actions and regulations such as export administration regulations, tariffs and trade protection measures; AMD's ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; the impact of environmental laws, conflict minerals-related provisions and other laws or regulations; the impact of acquisitions, joint ventures and/or investments on AMD's business, including the announced acquisition of Xilinx, and the failure to integrate acquired businesses; AMD's ability to complete the Xilinx merger; the impact of the announcement and pendency of the Xilinx merger on AMD's business; the impact of any impairment of the combined company's assets on the combined company's financial position and results of operation; the restrictions imposed by agreements governing AMD's notes and the revolving credit facility; AMD's indebtedness; AMD's ability to generate sufficient cash to service its debt obligations or meet its working capital requirements; AMD's ability to repurchase its outstanding debt in the event of a change of control; AMD's ability to generate sufficient revenue and operating cash flow or obtain external financing for research and development or other strategic investments; political, legal, economic risks and natural disasters; future impairments of goodwill and technology license purchases; AMD's ability to attract and retain qualified personnel; AMD's stock price volatility; and worldwide political conditions. 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 most recent reports on Forms 10-K and 10-Q. NON-GAAP FINANCIAL MEASURES In this presentation, in addition to GAAP financial results, AMD has provided non-GAAP financial measures including non-GAAP gross profit, non-GAAP operating expenses, non-GAAP operating income, non-GAAP net income and non-GAAP earnings per share. AMD uses a normalized tax rate in its computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. For fiscal 2021, AMD uses a projected non-GAAP tax rate of 15%, which excludes the tax impact of pre-tax non-GAAP adjustments, reflecting currently available information. AMD 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 presentation. 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. The non-GAAP financial measures disclosed in this presentation should be viewed in addition to and not as a substitute for or superior to AMD's reported results prepared in accordance with GAAP and should be read only in conjunction with AMD's Consolidated Financial Statements prepared in accordance with GAAP. These non-GAAP financial measures referenced are reconciled to their most directly comparable GAAP financial measures in the data tables at the end of this presentation. This presentation also contains forward-looking non-GAAP gross margin concerning AMD's financial outlook, which is based on current expectations as of October 26, 2021 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. THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 AMD#33 Best Product Portfolio in History AMD OUR JOURNEY Expanding Customer & Partner Ecosystem THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 Significant Business Acceleration Best-in-Class Financial Performance AMD#44 OUR LEADERSHIP TECHNOLOGY AMD ZEN RDNA 2 INDUSTRY-LEADING IP Delivering Multi-generational Leadership CPU and GPU Roadmaps S ar THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 KA THE 5-7 ADVANCED TECHNOLOGY Leadership Process Technology and Innovative 3D Chiplet Packaging gna feder HAL DATA CENTER LEADERSHIP Innovation in Cloud, Enterprise and Accelerated Computing PC/GAMING SOLUTIONS Driving Leadership PC Experiences and Gaming Solutions. AMD#55 OUR BEST EVER PRODUCT PORTFOLIO 2 ****** AMDE RYZEN KHOR CEDIER 11 WAR AMD RYZEN Desktop and mobile processors provide world's fastest gaming, leadership performance and advanced battery life AMDE EPYC ENTENT MAre AMD EPYC 3rd Gen AMD EPYC TM extends performance and TCO advantages THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 1.11 AMD RADEON Performance and power efficiency with AMD RDNA ™M 2 Architecture AMD INSTINCT AMD INSTINCT Heterogenous computing re-imagined for the exascale era with AMD CDNATM Architecture PERFORMANCE LEADERSHIP IN PCs, DATA CENTER AND GAMING SEMI-CUSTOM Latest game consoles powered by "Zen" and AMD RDNA Architectures See endnotes R5K-002 and CZM-35 AMD#66 ■ ■ Record revenue $4.3 billion, up 54% y/y and 12% q/q Gross margin 48%, up over 400 bps y/y and up 80 bps q/q OpEx $1.14 billion; Non-GAAP OpEx $1.04 billion Significant y/y growth in profitability Operating income $948 million; Non-GAAP operating income $1.06 billion. Operating margin 22%; Non-GAAP operating margin 24% Net income $923 million; Non-GAAP net income $893 million Diluted EPS $0.75; Non-GAAP diluted EPS $0.73 Cash, cash equivalents and short-term investments $3.6 billion Operating cash flow $849 million; Free cash flow $764 million Repurchased more than 7 million shares for $750 million Xilinx acquisition remains on track to close by end of year ● ● ● SUMMARY Q3 2021¹ ● THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 Quarterly Revenue ($B) $2.80 Q3 2020 +54% y/y $4.31 Q3 2021 1. See Appendices for GAAP to Non-GAAP reconciliation AMD#77 COMPUTING AND GRAPHICS SEGMENT Q3 2021 ▪ Revenue $2.4 billion Up 44% y/y and 7% q/q driven by higher Ryzen TM, Radeon TM and AMD Instinct TM processor sales ■ Higher Average Selling Prices (ASP) Client processor ASP grew y/y and q/q driven by a richer mix of Ryzen processor sales GPU ASP grew y/y and q/q driven by high-end Radeon graphics product sales and AMD Instinct data center GPU sales Operating Income Operating income $513 million compared to $384 million a year ago and $526 million in the prior quarter - - Up y/y driven by higher revenue, partially offset by higher operating expenses; Down q/q due to higher operating expenses Strategic news and highlights - Launched Ryzen 5000 desktop processors with integrated Radeon graphics to strong demand and third-party reviews - Acer, Asus, HP and Lenovo expanded mobile offerings powered by Ryzen 5000 mobile processors to drive momentum Significant y/y growth in commercial notebook deployments across public sector and Fortune 1000 companies. RDNA 2 GPUs grew significantly driven by high-end Radeon 6000 GPUs and the launch of Radeon RX 6600 XT GPUs Data center graphics revenue more than doubled y/y and q/q led by shipments of new CDNA 2 GPUs THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 AMD#88 ENTERPRISE, EMBEDDED AND SEMI-CUSTOM SEGMENT Q3 2021 ▪ Revenue $1.9 billion. Up 69% y/y and 20% q/q driven by higher EPYC processor and semi-custom product sales Higher Operating Income - Operating income $542 million compared to $141 million a year ago and $398 million in the prior quarter Up y/y and q/q driven by higher revenue and richer product mix, partially offset by higher operating expenses Strategic news and highlights 6th straight quarter of record server processor revenue; 3rd Gen EPYC contributed majority of server CPU revenue Microsoft Azure and Google announced multiple new instances powered by 3rd Gen EPYC data center processors; additional cloud deployment announcements include Cloudflare, Vimeo and Netflix - Strong Enterprise growth driven by the ramp of server platforms from Dell, HPE, Lenovo, Supermicro, Cisco and others - Won multiple supercomputing installations including Argonne National Laboratory's new Polaris supercomputer - Semi-custom revenue grew y/y and q/q as demand for Microsoft and Sony game consoles remains very strong THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 AMD#99 4500 4000 3500 3000 2500 2000 $2,127 Q4'19 $1,786 Q1'20 REVENUE TREND ($ IN MILLIONS) THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 $1,932 Q2'20 $2,801 Q3'20 $3,244 Q4'20 $3,445 Q1'21 $3,850 Q2'21 SIGNIFICANT REVENUE TRAJECTORY +54% y/y $4,313 Q3'21 AMD#1010 45% Q4'19 46% Q1'20 GROSS MARGIN TREND (GAAP AND NON-GAAP)¹ 44% Q2'20 THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 44% 45% 46% Q3'20 Q4'20 STRONG GROSS MARGIN EXPANSION Q1'21 48% 1. Q2'21 +4 pp y/y 48% Q3'21 See Appendices for GAAP to Non-GAAP reconciliation AMD#11Axis Title 11 $0.15 Q4'19 EARNINGS PER SHARE TREND (GAAP) $0.14 Q1'20 $0.13 Q2'20 THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 $0.32 Q3'20 $1.45 $1.06 Valuation Allowance Release $0.39 Q4'20 $0.45 Q1'21 $0.58 Q2'21 OUTSTANDING GROWTH IN PROFITABILITY + $0.43 y/y $0.75 Q3'21 1. In Q4 2020, AMD released $1.3 billion of its $2.9 billion income tax valuation allowance. The valuation allowance release had a $1.06 benefit to Q4 2020 earnings per share. AMD#1212 $0.32 Q4'19 EARNINGS PER SHARE TREND (NON-GAAP)¹ $0.18 Q1'20 $0.18 THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 Q2'20 OUTSTANDING $0.41 $0.52 Q3'20 $0.52 Q4'20 GROWTH IN PROFITABILITY $0.63 Q1'21 Q2'21 + $0.32 y/y $0.73 Q3'21 1. See Appendices for GAAP to Non-GAAP reconciliation AMD#13Q3 2021 SUMMARY P&L - GAAP ($ in millions, except per share data) Revenue Gross Profit Gross Margin % Operating Expenses Operating Expense/Revenue % Operating Income Operating Margin % Net Income ¹ Earnings Per Share ¹,2 13 THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 Q3'21 $4,313 $2,086 48% $1,141 26% $948 22% $923 $0.75 Q3'20 $2,801 $1,230 44% $781 28% $449 16% $390 $0.32 Y/Y Up 54% Up 70% Up 450 bps Up 46% Down 2pp Up 111% Up 6pp Up 137% Up 134% Q2'21 $3,850 $1.830 48% $1,000 26% $831 22% $710 $0.58 1. Includes a higher tax rate beginning in Q1 2021 2. See Appendices for share count reference. Q/Q Up 12% Up 14% Up 80 bps Up 14% Flat Up 14% Flat Up 30% Up 29% AMD#1414 Q3 2021 SUMMARY P&L - NON-GAAP¹ ($ in millions, except per share data) Revenue Gross Profit Gross Margin % Operating Expenses Operating Expense/Revenue % Operating Income Operating Margin % Net Income² Earnings Per Share THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 Q3'21 $4,313 $2,087 48% $1,035 24% $1,055 24% $893 $0.73 Q3'20 $2,801 $1,231 44% $706 25% $525 19% $501 $0.41 Y/Y Up 54% Up 70% Up 440 bps Up 47% Down 1pp Up 101% Up 5pp Up 78% Up 78% Q2'21 $3,850 $1,832 48% $909 24% $924 24% $778 $0.63 Q/Q Up 12% Up 14% Up 80 bps Up 14% Flat Up 14% Flat Up 15% Up 16% 1. See Appendices for GAAP to Non-GAAP reconciliation and share count reference. 2. Includes a higher tax rate beginning in Q1 2021 AMD#15($ in millions) Computing and Graphics Net Revenue Operating Income Enterprise, Embedded and Semi-Custom Net Revenue Operating Income All Other Category Operating Loss TOTAL Q3 2021 SEGMENT RESULTS Net Revenue Operating Income 15 THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 Q3'21 $2,398 $513 $1,915 $542 $(107) $4,313 $948 Q3'20 $1,667 $384 $1,134 $141 $(76) $2,801 $449 Y/Y Up 44% Up 34% Up 69% Up 284% Down 41% Up 54% Up 111% Q2'21 $2,250 $526 $1,600 $398 $(93) $3,850 $831 Q/Q Up 7% Down 2% Up 20% Up 36% Down 15% Up 12% Up 14% AMD#16Q3 2021 SUMMARY BALANCE SHEET ITEMS ($ in millions) Cash, Cash Equivalents and Short-term Investments Accounts Receivable, Net Inventories Total Debt (principal amount)1 Total Debt, Net¹ Q3'21 16 THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 $3,608 $2,224 $1,902 $313 $313 Q3'20 $1,771 $2,134 $1,292 $398 $373 Y/Y Up $1,837 Up $90 Up $610 Down $85 Down $60 OUTSTANDING BALANCE SHEET Q2'21 $3,793 $2,020 $1,765 $313 $313 Q/Q Down $185 Up $204 Up $137 Flat Flat 1. See Appendices for Total Debt reconciliation AMD#1717 1. 2. Revenue FINANCIAL OUTLOOK - NON-GAAP Gross Margin % Operating Expenses Operating Expenses/Revenue % Interest Expense, Taxes and Other Effective Tax Rate Cash Tax Rate Diluted Share Count² Q4 2021 $4.5 Billion +/- $100 Million ~49.5% THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 ~$1.15 Billion ~25% -$170 Million -1.22 billion shares 1 FY 2021 Growth of -65% y/y ~48% ~15% of pre-tax income ~2% of pre-tax income ~24% ~1.23 billion shares See Cautionary Statement on Slide 2. These forward-looking outlook statements and non-GAAP measures are based on current expectations as of October 26, 2021, 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, non-cash interest expense related to convertible debt, income tax provision, equity income in investee, and other non-recurring items such as loss on debt redemption/conversion, 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. Refer to Diluted Share Count overview in the Appendices AMD#18Q3 2021 SUMMARY Quarterly Revenue Up 54% Y/Y, 12% Q/Q Gross Margin Grew More Than 4 pp Y/Y 18 THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 Operating Income Doubled Y/Y Repurchased $750M of Common Stock AMD#19FORTUNE CHANGE THE WORLD 2020 SEAL AWARDS SCIENCE BASED TARGETS DRIVING AMP TIOUS OCRFOFATE CLIMATE ACTION AMD'S COMMITMENT TO ESG RBA COMPASS AWARD 2020 INNOVATION ENVIRONMENTAL → CDP SUPPLIER ENGAGEMENT LEADER 2020 Steadfast commitment to environmental stewardship and contributing to our local communities Bloomberg Gender Equality 19 THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 Index 2021 E BEST HUMAN RIGHTS PLACES TO WORK CAMPION SELJATIO 2021 for LGBTQ Equality 100% CORPORATE EQUALITY INDEX SOCIAL Creating a culture that drives innovation by fostering diversity, inclusion and belonging ME 3BL DIA 100 BEST CORPORATE CITIZENS 2021 AMERICA'S MOST JUST COMPANIES Forbes 2021 FTSE4Good AU Corporate ESG Performance RATED BY ISS ESG NEW CORPORATE RESPONSIBILITY REPORT ON AMD.COM Prime GOVERNANCE Delivering industry leading products with integrity, innovation and quality in order to help solve global challenges AMD#2020 AMD BUILDING THE BEST Leadership Roadmaps THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 Increasing Market Share Execution Excellence Strong Shareholder Returns AMD#21APPENDICES Reconciliation of GAAP to Non-GAAP Gross Profit and Gross Margin (Millions) GAAP gross profit 21 GAAP gross margin % Stock-based compensation Non-GAAP gross profit Non-GAAP gross margin % (Millions) GAAP operating expenses GAAP operating expenses/revenue % Stock-based compensation Acquisition-related costs Non-GAAP operating expenses Non-GAAP operating expenses/revenue % Q4'19 Q1'20 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 Q3'21 818 $ 848 $ 1,230 $ 1,451 $ 1,587 $1,830 $ 2,086 $ 46% 44% 44% 45% 46% 48% 48% 2 1 1 1 2 1 2 820 $ 850 $ 1,231 $ 1,452 $ 1,588 $ 1,832 $2,087 46% 44% 44% 45% 46% 48% 48% Reconciliation of GAAP to Non-GAAP Operating Expenses Q3'21 Q3'20 Q2'21 $1,141 $ 781 $ 1,000 28% 26% 75 81 10 909 24% THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 949 $ 45% 1 $ 950 $ 45% 26% 98 8 $ 1,035 $ 24% 706 $ 25% AMD#22APPENDICES Reconciliation of GAAP Operating Income to Non-GAAP Operating Income (Millions) GAAP operating income GAAP operating margin % Stock-based compensation Acquisition-related costs Non-GAAP operating income Non-GAAP operating margin % 22 THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 Q3'21 $ 948 $ 22% Q3'20 99 8 1,055 $ 24% 449 16% 76 525 19% Q2'21 $ 831 22% 83 10 924 24% AMD#23APPENDICES Reconciliation of GAAP to Non-GAAP Net Income / Earnings Per Share (Millions, except per share data) Q3'20 GAAP net income / earnings per share Loss on debt redemption/conversion (Gains) losses on equity investments, net Non-cash interest expense related to convertible debt Stock-based compensation Equity income in investee Acquisition-related costs Release of valuation allowance on deferred tax assets Impairment of investment Income tax provision (benefit) Non-GAAP net income / earnings per share Shares used and net income adjustment in earnings per share calculation Shares used in per share calculation (GAAP) (1) Interest expense add back to GAAP net income (1) Shares used in per share calculation (Non-GAAP) Interest expense add back to Non-GAAP net income Q4'19 Q1'20 Q2'20 Q4'20 Q1'21 $ 170 $ 0.15 $ 162 $ 0.14 $157 $ 0.13 $ 390 $0.32 $ 1,781 $ 1.45 $ 555 $ 0.45 128 0.10 38 0.03 0.01 6 0.01 T 4 57 23 THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 T I - T — T 0.05 - T T - - 1,188 $ 4 1,216 $2 2 59 — - T - 24 0.02 (1) I - I 0.04 I T I - I T 1,224 $ 4 1,224 $2 I 2 (1) I I T 60 0.05 I I I T - 1,227 $ 3 1,227 $ 1 2 76 0.06 (1) T T T I (4) T T T I I (2) 50 0.05 $ 383 $0.32 $ 222 $ 0.18 $ 216 $ 0.18 $ 501 $ 0.41 $ 636 $ 0.52 16 1,215 $1 1,230 $ 1 T I - I 79 0.06 I (3) 14 0.01 (1,301) (1.06) 1,226 $ - 1,232 $ I I T I I 85 0.07 (2) 15 0.01 I 8 0.01 (25)| (0.03) $ 642 $ 0.52 1,231 $ - 1,233 $ Q2'21 $710 $ 0.58 1 - I - - 83 0.06 (2) 10 - - I 0.01 I — 1,232 Q3'21 1,232 $ $923 $0.75 (60)| (0.05) — 99 0.08 (2) 8 - I 0.01 I (24) (0.02) (75) (0.06) $778 $0.63 $ 893 $0.73 I 1,230 $ 1,230 $ - (1) Q4'19, Q1'20 and Q2'20 GAAP diluted EPS calculation includes 31 million shares related to the assumed conversion of the Company's 2026 Convertible Notes and the associated $4 million, $4 million and $3 million interest expense, respectively, add-back to net income under the "if converted" method. The 53 million shares (28 million weighted-average) issued in exchange for $428 million of convertible debt in Q4'19 were not included as their inclusion would have been anti-dilutive. Q3'20 and Q4'20 GAAP diluted EPS calculation includes 11 million and 3 million shares, respectively, related to the assumed conversion of the Company's 2026 Convertible Notes and the associated $1 million and $0 million interest expense, respectively, add-back to net income under the "if converted" method. The 20 million (15 million weighted-average), 8 million shares (6 million weighted-average) and 3 million shares (2 million weighted-average) issued in exchange for $165 million, $60 million and $24 million of convertible debt in Q3'20, Q4'20 and Q1'21, respectively, were not included as their inclusion would have been anti- dilutive. AMD#24APPENDICES Share Count Overview Shares (millions) (1) Basic Shares Dilutive impact from: Employee Equity Grants (2) Diluted Shares (without 2026 Convertible Notes) 2026 Convertible Notes - GAAP (3) Diluted Shares (with 2026 Convertible Notes) – GAAP 2026 Convertible Notes - Non-GAAP (3) Diluted Shares (with 2026 Convertible Notes) - Non-GAAP Q1'21 Actual 1,213 24 THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 18 1,231 1,231 2 1,233 Q2'21 Q3'21 Q4'21 2021 Actual Actual Estimate Estimate 1,216 1,214 1,212 1,215 16 1,232 16 1,230 1,232 1,230 12 1,224 1,224 15 1,230 1,230 1,232 1,230 1,224 The table above provides actual share count for Q1'21, Q2'21 and Q3'21 and an estimate of share count that may be used when calculating GAAP and non-GAAP diluted earnings per share for Q4'21 and FY 2021. (1) Share counts are weighted average shares. (2) The dilutive impact of employee equity grants is based on the Treasury Stock method and is dependent upon the average stock price during the period. The Q1'21, Q2'21 and Q3'21 average stock price was $86.88, $80.20, and $101.58, respectively. The Q3'21 average stock price of $101.58 was assumed for the Q4'21 and FY 2021 estimates. 1,230 (3) The dilutive impact from the 2.125% Convertible Senior Notes due 2026 (2026 Convertible Notes) is based on the If-Converted method, where the interest costs associated with the 2026 Convertible Notes are added back to the Net Income and the shares underlying the 2026 Convertible Notes are assumed to be converted and are added to the share count. The impact from the 2026 Convertible Notes, if dilutive, is included in diluted EPS calculation. For the GAAP computation, the add-back to net income includes cash and non-cash interest expense, while only the cash interest expense is added back to the non-GAAP net income. The dilutive shares associated with the 2026 Convertible Notes reflect the weighted average shares subject to conversion during each period. During Q1'21, 3 million shares of the Company's common stock (2 million shares weighted) were issued to convert $24 million of the outstanding 2026 Convertible Notes. AMD#25APPENDICES Reconciliation of Operating Cash Flow to Free Cash Flow (Millions) GAAP net cash provided by operating activities Purchases of property and equipment Free cash flow Total Debt (Net) (Millions) 7.50% Senior Notes due 2022 2.125% Convertible Senior Notes due 2026 Borrowings from secured revolving line of credit Total Debt (principal amount) Unamortized debt discount associated with 2.125% Convertible Senior Notes due 2026 Unamortized debt issuance costs Total Debt (net) 25 THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 $ $ $ $ $ GA Q3'21 849 (85) 764 Q3'21 Q3'20 312 $ 312 $ 1 86 313 $ I I 313 $ 398 $ (23) (2) 373 $ Q2'21 312 1 I 313 T T 313 AMD#2626 ENDNOTES TM R5K-002: Testing by AMD Performance labs as of 5/28/2021 based on the average FPS of 20 PC games at 1920x1080 with the High image quality preset using an AMD Ryzen ™M 9 5900X processor vs. Core i9-11900K. For Ryzen 5000 G-Series processors testing as of 5/5/2021 based on the average FPS of 11 PC games at 1920x1080 with the low image quality preset using an AMD Ryzen ™ 7 5700G vs Core i7-11700, both configured with integrated graphics. Results may vary. R5K-002.R5K-050: Testing by AMD Performance Labs as of December 11, 2020 using an AMD Ryzen 9 5900 and Intel Core i9-10900, each similarly configured and tested with an NVIDIA GeForce RTX 2080 Ti graphics card. Results may vary. R5K-002. CZM-35: Tested by AMD Labs in December 2020. The Ryzen 5000 series mobile processors are the fastest mobile processors with the highest-performing single-thread and multi-thread performance available on an x86 mobile processor, measured with Cinebench R.20 1T and Cinebench R20 nT respectively, using similarly configured systems with Ryzen 9 4900H, Ryzen 9 5980HX and Ryzen 5980HS processors vs i9-10980HK, Core i7-1185G7 processors. Performance may vary. CZM-35. DISCLAIMERS AND ATTRIBUTIONS The information contained herein is for informational purposes only and is subject to change without notice. Timelines, roadmaps, and/or product release dates shown in these slides are plans only and subject to change. While every precaution has been taken in the preparation of this document, it may contain technical inaccuracies, omissions and typographical errors, and AMD is under no obligation to update or otherwise correct this information. Advanced Micro Devices, Inc. makes no representations or warranties with respect to the accuracy or completeness of the contents of this document, and assumes no liability of any kind, including the implied warranties of non-infringement, merchantability or fitness for particular purposes, with respect to the operation or use of AMD hardware, software or other products described herein. No license, including implied or arising by estoppel, to any intellectual property rights is granted by this document. Terms and limitations applicable to the purchase or use of AMD's products are as set forth in a signed agreement between the parties or in AMD's Standard Terms and Conditions of Sale. ©2021 Advanced Micro Devices, Inc. All rights reserved. AMD, the AMD Arrow logo, Radeon, Ryzen, EPYC and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other product names used in this presentation are for identification purposes only and may be trademarks of their respective companies. THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021 AMD