#1AMD FINANCIAL RESULTS AMD together we advance_ Second Quarter 2023 August 1, 2023#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; AMD's expected third quarter of 2023 and fiscal 2023 financial outlook, including revenue, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP tax rate and diluted share count; AMD's ability to expand Data Center and Al leadership; and AMD's ability to drive long-term 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; cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; loss of a significant customer; impact of the COVID-19 pandemic on AMD's business, financial condition and results of operations; petitive markets in which AMD's products are sold; quarterly and seasonal sales patterns; AMD's to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD's products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMD's products; AMD's ability to introduce products on a timely basis with expected features and performance levels; AMD's ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyber-attacks; potential difficulties in upgrading and operating AMD's new enterprise resource planning system; 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 design, manufacture and supply of motherboards, software and other computer platform components; AMD's reliance on Microsoft 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; 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; efficiency of AMD's supply chain; AMD's ability to rely on third party supply-chain logistics functions; AMD's ability to effectively control sales of its products on the gray market; 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; impact of environmental laws, conflict minerals-related provisions and other laws or regulations; impact of acquisitions, joint ventures and/or investments, on AMD's business and AMD's ability to integrate acquired businesses; impact of any impairment of AMD's tangible, definite lived or indefinite lived intangible assets, including goodwill, on AMD's financial position and results of operation; restrictions imposed by agreements governing AMD's notes, the guarantees of Xilinx's notes and the revolving credit facility; AMD's indebtedness; AMD's ability to generate sufficient cash to meet its working capital requirements or generate sufficient revenue and operating cash flow to make all of its planned R&D or strategic investments, as well as the impact of financial institution failure on AMD's cash and cash equivalents; political, legal, economic risks and natural disasters; future impairments of 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 year 2023, AMD uses a projected non-GAAP tax rate of 13%, which excludes the tax impact of pre-tax non-GAAP adjustments, reflecting currently available information. 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. 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 Appendices at the end of this presentation. This presentation also contains forward-looking non-GAAP measures concerning AMD's financial outlook such as gross margin, operating expenses. These forward-looking non-GAAP measures are based on current expectations as of August 1, 2023, and assumptions and beliefs that involve numerous risks and uncertainties. AMD undertakes no intent or obligation to publicly update or revise its forward-looking statements made in this presentation except as may be required by law. Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 AMD together we advance_#33 Leadership Product Portfolio Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 AMD OUR JOURNEY Expanding Customer & Partner Ecosystem Data Center and Al Growth Strong Financial Foundation AMD together we advance_#44 ZEN 4 OUR LEADERSHIP TECHNOLOGY AMD XDNA AMD RONA 3 AMD CDNA 2 Broad IP Portfolio Executing leadership CPU, GPU, DPU, FPGA, Adaptive SoC and Al products Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 € Advanced Technology Driving leadership process technology and 3D chiplet packaging Data Center Leadership Delivering innovation in cloud, enterprise, Al and accelerated computing AMD AMD Vitis ROCm AMD AMD Vivado ZenDNN Software Enablement Open-source software optimized for performance across heterogenous solutions AMD together we advance_#55 AMD ALVED V70 AMD INSTINCT OUR LEADERSHIP PRODUCTS AMD EPYC Data Center Leadership data center and Al solutions with server CPUs, GPUS, FPGAs, DPUS and Adaptive SoCs Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 BENN ⠀ ⠀ AMD RYZEN 7000 Sens 本 Client AMD RYZEN Leadership CPUs and APUs for notebook and desktop PCs and commercial workstations Gaming Top-to-bottom desktop and notebook GPUs, game console and semi-custom SoCs W # TE AMD L AMD VIRTEX UltraScale AMDET ZYNO AMD VERSAL AMD Embedded Embedded Leadership FPGAs, Adaptive SoCs and SoMs, and embedded CPUs and GPUs for a broad set of markets AMD together we advance_#66 AMD IS UNIQUELY POSITIONED IN AI AMDA INSTINCT AMD Instinct™ M1250 & M1300 Accelerators Data Center HPC and Al Solutions AMD EPYC AMD 4th Gen EPYC™M Processors Q2 2023 FINANCIAL RESULTS | AUGUST 1, 2023 Industry-Leading Server Solutions NIZE 1177777 BLLLLLS LLL LEMA 154 111 AMD RYZEN 1111111II 7 1117 1 11-111 RyzenTM 7040 Mobile processors with Al accelerator First x86 with Integrated Al accelerator AMD VERSAL Embedded VersalTM Al Edg ZynqTM MPSOC Adaptive SoC + Al for Embedded AMDA ALVEO V70 I AL PHOSTO AMDe VIO ROHS 7 GODE € 0 AMD Alveo™M Accelerators Al Inference Optimized Solutions. DELIVERING A COMPREHENSIVE AI COMPUTE PORTFOLIO AMD together we advance_#77 REVENUE Q2 2023 Revenue of $5.4 billion declined 18% y/y as Embedded segment strength was more than offset primarily by lower Client segment revenue ▪ Client segment revenue was impacted by a weaker PC market and a significant inventory correction across the PC supply chain Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 $6.6B Q2 2022 $5.4B Q2 2023#88 GROSS MARGIN Q2 2023 W 46% Q2 2022 GAAP 46% Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 Q2 2023 Gross margin flat due to lower Client segment. performance offset by strong Embedded segment performance and lower amortization of acquisition - related intangible assets Non-GAAP¹ 1. See Appendices for GAAP to Non-GAAP reconciliation 54% Q2 2022 50% Q2 2023 Non-GAAP gross margin decrease primarily due to lower Client segment performance partially offset by strong Embedded segment performance#99 OPERATING INCOME (LOSS) Q2 2023 ■ $0.5B Q2 2022 GAAP $(0.02) B Q2 2023 Operating loss primarily due to lower Client segment performance Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 ■ Non-GAAP¹ 1. See Appendices for GAAP to Non-GAAP reconciliation $2.0B Q2 2022 $1.1B Q2 2023 Non-GAAP operating income declined due to lower Client segment performance#1010 EARNINGS PER SHARE Q2 2023 GAAP $0.27 $0.02 Q2 2022 Q2 2023 Net income of $27 million, down 94% y/y EPS of $0.02, compared to EPS of $0.27, declined primarily due to Client segment performance Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 Non-GAAP¹ 1. See Appendices for GAAP to Non-GAAP reconciliation $1.05 Q2 2022 $0.58 Q2 2023 Non-GAAP net income of $948 million, down 44% y/y Non-GAAP EPS of $0.58, compared to non-GAAP EPS of $1.05, declined primarily due to Client segment performance#11($ in millions, except per share data) Revenue Q2 2023 SUMMARY P&L | GAAP Gross Profit Gross Margin Operating Expenses Operating Expense/Revenue % Operating Income (Loss) Operating Margin Net Income (Loss) Earnings (Loss) Per Share Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 Q2'23 $5,359 $2,443 46% $2,471 46% $(20) 0% $27 $0.02 Q2'22 $6,550 $3,028 46% $2,508 38% $526 8% $447 $0.27 Y/Y Down 18% Down 19% Flat Down 1% Up 8 ppts Down 104% Down 8 ppts Down 94% Down 93% Q1'23 $5,353 $2,359 44% $2,514 47% $(145) (3)% $(139) $(0.09) Q/Q Flat Up 4% Up 2ppts Down 2% Down 1ppt Up 86% Up 3 ppts Up 119% Up 122% AMD together we advance_#1212 Q2 2023 SUMMARY P&L | NON-GAAP¹ ($ in millions, except per share data) Revenue Gross Profit Gross Margin Operating Expenses Operating Expense/Revenue % Operating Income Operating Margin Net Income Earnings Per Share Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 Q2'23 $5,359 $2,665 50% $1,605 30% $1.068 20% $948 $0.58 Q2'22 $6,550 $3,538 54% $1.562 24% $1.982 30% $1,707 $1.05 Y/Y Down 18% Down 25% Down 4 ppts Up 3% Up 6 ppts Down 46% Down 10 ppts Down 44% Down 45% Q1'23 $5,353 $2,675 50% $1,587 30% $1.098 21% $970 $0.60 Q/Q Flat Flat Flat Up 1% Flat Down 3% Down 1 ppt Down 2% Down 3% 1. See Appendices for GAAP to Non-GAAP reconciliation and share count reference AMD together we advance_#1313 $4.3 Q3'21 $4.8 Q4'21 Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 $5.9 Q1'22 REVENUE ($ in Billions) $6.6 Q2'22 $5.6 Q3'22 $5.6 Q4'22 $5.4 Q1'23 $5.4 Q2'23 AMD together we advance_#1414 48% Q3'21 50% Q4'21 Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 48% GROSS MARGIN Q1'22 (GAAP) 46% Q2'22 42% Q3'22 43% Q4'22 44% Q1'23 46% Q2'23 AMD together we advance_#1515 48% Q3'21 50% Q4'21 Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 GROSS MARGIN 53% Q1'22 (Non-GAAP)¹ 54% Q2'22 50% Q3'22 1. See Appendices for GAAP to Non-GAAP reconciliation. 51% Q4'22 50% Q1'23 50% Q2'23 AMD together we advance_#1616 $0.75 Q3'21 EARNINGS (LOSS) PER SHARE (GAAP) $0.80 Q4'21 Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 $0.56 Q1'22 $0.27 Q2'22 $0.04 Q3'22 $0.01 Q4'22 $(0.09) Q1'23 $0.02 Q2'23 AMD together we advance_#1717 $0.73 Q3'21 $0.92 Q4'21 Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 EARNINGS PER SHARE (Non-GAAP)¹ $1.13 Q1'22 $1.05 Q2'22 $0.67 Q3'22 $0.69 Q4'22 $0.60 Q1'23 $0.58 Q2'23 1 See Appendices for GAAP to Non-GAAP reconciliation AMD together we advance_#1818 Q2 2023 SUMMARY BALANCE SHEET ITEMS ($ in millions) Cash, Cash Equivalents and Short-term Investments Accounts Receivable, Net Inventories Total Debt, Net Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 Q2'23 $6,285 $4,312 $4,567 $2,467 Q1'23 $5,939 $4,040 $4,235 $2,467 Q/Q Up 6% Up 7% Up 8% Flat ▪ Inventories up q/q to support the continued ramp of advanced technology products AMD together we advance_#1919 ($ in millions) Data Center Net Revenue Operating Income Client Net Revenue Operating Income (Loss) Gaming Net Revenue Operating Income Embedded Net Revenue Operating Income Q2 2023 SEGMENT RESULTS Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 Q2'23 $1,321 $147 $998 $(69) $1,581 $225 $1,459 $757 Q2'22 $1,486 $472 $2,152 $676 $1,655 $187 $1,257 $641 Y/Y Down 11% Down 69% Down 54% Down 110% Down 4% Up 20% Up 16% Up 18% Q1'23 $1,295 $148 $739 $(172) $1.757 $314 $1,562 $798 Q/Q Up 2% Down 1% Up 35% Up 60% Down 10% Down 28% Down 7% Down 5% AMD together we advance_#2020 DATA CENTER SEGMENT Q2 2023 Revenue $1.5B Q2 2022 $1.3B Q2 2023 Revenue $1.3 Billion Down 11% y/y Primarily due to lower sales of 3rd Gen EPYCTM processors Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 Operating Margin 32% 11% Q2 2022 Operating Income $147 Million vs. $472 Million a year ago Q2 2023 Primarily due to lower revenue and increased R&D investments AMD AMD amd EPYC INSTINCT XILINX AMD PENSANDO Strategic Highlights ▪ AWS, Microsoft Azure and OCI announced new cloud instances powered by 4th Gen AMD EPYCTM processors ■ Expanding enterprise customer adoption of EPYC processors including with Banco de Brasil, BNP Paribas, Petronas and Uber AMD now powers 121 supercomputers in Top500 list and 7 of top 10 supercomputers on Green 500 list AMD InstinctTM M1300A and M1300X accelerators for HPC and Al on track to launch and ramp production in Q4'23#2121 CLIENT SEGMENT Q2 2023 $2.2B Revenue Q2 2022 $1.0B Q2 2023 Revenue $998 Million Down 54% y/y Processor ipments declined significantly y/y Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 Operating Margin 32% Q2 2022 (7)% Q2 2023 Operating Loss $(69) Million vs. $676 Million Income a year ago Primarily due to lower revenue AMD RYZEN AMD AMD RYZEN THREADRIPPER PRO PRO Strategic Highlights. ▪ Announced new Ryzen TM PRO 7040 Series Mobile processors, the most advanced x86 processors for premium Windows 11 business laptops and mobile workstations ▪ Launched Ryzen PRO 7000 Series processors for desktop, bringing the power of "Zen 4" and AMD RDNA TM 2 integrated graphics to professional desktop users#2222 GAMING SEGMENT Q2 2023 Revenue $1.7B Q2 2022 $1.6B Q2 2023 Revenue $1.6 Billion Down 4% y/y Semi-custom revenue grew y/y, more than offset by lower gaming graphics revenue Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 Operating Margin 11% 14% Q2 2022 Q2 2023 Operating Income $225 Million vs. $187 Million a year ago Primarily due to higher semi-custom revenue AMD AMD RADEON RADEON PRO Strategic Highlights Strong semi-custom SoC sales driven by healthy game console demand based on improved global retail availability and new AAA game launches Launched RadeonTM RX 7600 graphics card for next-generation, high- performance 1080p gaming, streaming. and content creation ▪ On-track to expand RDNA 3 GPU offerings with launch of new enthusiast class Radeon 7000 series cards in Q3'23#2323 EMBEDDED SEGMENT Q2 2023 $1.3B Revenue Q2 2022 $1.5B Q2 2023 Revenue $1.5 Billion Up 16% y/y Primarily driven by strength in Industrial, Vision and Healthcare, Automotive and Test and Emulation markets Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 Operating Margin 51% Q2 2022 52% Q2 2023 Operating Income $757 Million vs. $641 Million a year ago Primarily driven by higher revenue AMD AMD AMD AMD AMD VERSAL ZYNQ ALVEO EPYC RYZEN Embedded Embedded Strategic Highlights ▪ Announced VersalTM Premium VP1902 adaptive SoC, the industry's largest and most performant solution for emulating and verifying next generation ASICS and SoCs ▪ AMD EPYC Embedded Series processors power HPE's new modular storage solution, HPE Alletra Storage MP TM ▪ Introduced automotive-grade XA Artix™ UltraScale+ ™M family additions, optimized for use in ADAS sensor applications#2424 ($ in millions) Revenue Gross Margin FINANCIAL OUTLOOK - NON-GAAP¹ Operating Expenses Effective Tax Rate Diluted Share Count² Q3'23 Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 ~$5.7 Billion +/- $300 Million Increase of -2.5% y/y -51% ~$1.65 Billion ~13% of pre-tax income -1.63 Billion shares FY 2023 Data Center and Embedded Segments expected to grow y/y Expansion in 2H Modest increase in 2H ~13% of pre-tax income -1.63 Billion shares 1. See Cautionary Statement on Slide 2. These forward-looking outlook statements and non-GAAP measures are based on current expectations as of August 1, 2023, 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. Refer to Diluted Share Count overview in the Appendices AMD together we advance_#2525 Revenue $5.4B Q2 2023 SUMMARY Data Center and Embedded Segments Gross Margin 46% Non-GAAP >50% of Revenue Gross Margin 50% 1 Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 EPS $0.02 Non-GAAP EPS $0.58 EXECUTING WELL TO OUR STRATEGIC PRIORITIES 1. See Appendices for GAAP to Non-GAAP reconciliation AMD together we advance_#2626 SEAL AWARD WINNER 2022 AMD COMMITMENT TO ESG SILVER 2023 ecovadis Sustainability Rating Environmental Steadfast commitment to environmental sustainability and contributing to our local communities Bloomberg Gender Equality Index 2023 Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 E BEST HUMAN RIGHTS CAMPAIGN PLACES TO WORK FOUNDATION 2022 for LGBTQ+ Equality 100% CORPORATE EQUALITY INDEX Social Creating a culture that drives innovation by fostering diversity, inclusion and belonging 3BLA ME 100 Best Corporate Citizens 2022 PURPOSE-DRIVEN HIGH-PERFORMANCE AND ADAPTIVE COMPUTING Corporate ESG Performance RATED BY ISS ESG Prime Governance Delivering industry leading products with integrity, innovation and quality in order to help solve global challenges AMD together we advance_#2727 Large and Compelling TAM OUR MOMENTUM Technology Leadership Expanding Data Center and Al Leadership Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 World-Class Execution and Focus Strong Balance Sheet DRIVING LONG-TERM SHAREHOLDER RETURNS AMD together we advance_#28APPENDICES RECONCILIATION OF GAAP TO NON-GAAP GROSS PROFIT AND GROSS MARGIN Q4'21 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 $ 2,086 $ 2,426 $ 2,818 $ 3,028 $ 2,354 $ 2,403 $ 2,359 $2,443 Q3'21 48% 50% 48% 46% 42% 43% 44% 46% 1 8 8 9 8 10 407 412 443 305 212 95 2 4 3 3,538 $ 2,776 $ 2,859 $ 2,675 $ 2,665 54% 50% 51% 50% 50% (Millions) (Unaudited) GAAP gross profit GAAP gross margin Stock-based compensation Amortization of acquisition-related intangibles Acquisition-related and other costs (1) Non-GAAP gross profit Non-GAAP gross margin (Millions) (Unaudited) GAAP operating expenses GAAP operating expenses/revenue % 28 Stock-based compensation Amortization of acquisition-related intangibles Acquisition-related and other costs (1) Non-GAAP operating expenses Non-GAAP operating expenses/revenue % 4 186 92 $ 2,087 $2,427 $ 3,100 $ 48% 50% 53% 1 RECONCILIATION OF GAAP TO NON-GAAP — I Q2'23 $ 2,471 46% 338 481 47 $ 1,605 30% OPERATING Q2'22 $ 2,508 38% 251 616 79 $ 1,562 24% EXPENSES Q1'23 $2,514 47% 297 518 112 $ 1,587 30% (1) Acquisition-related and other costs primarily comprised of transaction costs, purchase price adjustments for inventory, certain compensation charges, contract termination and workforce rebalancing charges. Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 AMD together we advance_#29APPENDICES RECONCILIATION OF GAAP OPERATING INCOME (LOSS) TO NON-GAAP OPERATING INCOME (Millions) (Unaudited) GAAP operating income (loss) GAAP operating margin Stock-based compensation Amortization of acquisition-related intangibles Acquisition-related and other costs (1) Non-GAAP operating income Non-GAAP operating margin Q2'23 Q2'22 Q1'23 (20) $ 526 $ (145) 0% 8% (3)% 348 259 305 693 1,023 823 47 174 115 $ 1,068 $ 1,982 $ 1,098 20% 30% 21% 29 Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 $ (1) Acquisition-related and other costs primarily comprised of transaction costs, purchase price adjustments for inventory, certain compensation charges, contract termination and workforce rebalancing charges. AMD together we advance_#30APPENDICES RECONCILIATION OF GAAP TO NON-GAAP NET INCOME (LOSS) / EARNINGS (LOSS) PER SHARE (Millions, except per share data) (Unaudited) GAAP net income (loss) / earnings (loss) per share (Gains) losses on equity investments, net Stock-based compensation Equity income in investee Amortization of acquisition-related intangibles Acquisition-related and other costs (1) Income tax provision Non-GAAP net income / earnings per share Shares used in earnings per share calculation Shares used in per share calculation (GAAP) (2) Shares used in per share calculation (Non-GAAP) (2) 30 Q2'22 $66 $0.04 $447 $ 0.27 10 3 259 0.16 269 (4) (4) 1,023 0.63 1,002 174 0.11 57 0.04 0.51 0.34 0.17 8 0.01 9 0.07 (75) (0.06) 31 0.03 (124) (0.09) (202) (0.12) (298) (0.19) (321) (0.20) (132) (0.08) $ 893 $ 0.73 $1,122 $ 0.92 $1,589 $ 1.13 $1,707 $ 1.05 $1,095 $ 0.67 $1,113 $0.69 $970 $ 0.60 Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 Q3'21 $923 $0.75 (60)| (0.05) 99 0.08 (2) - 1,230 1,230 Q4'21 $974 $ 0.80 (4) 112 0.09 I I 1,222 1,222 Q1'22 $786 $ 0.56 44 0.03 0.12 174 (3) 479 233 - 1,410 1,410 1,632 1,632 Q3'22 Q4'22 Q1'23 $ 21 $ 0.01 $ (139) $ (0.09) 5 (1) 305 310 (3) 0.62 1,044 - 0.16 1,625 1,625 0.19 0.65 57 0.04 1,618 1,618 (1) 823 115 - 0.19 1,611 1,618 Q2'23 (1) Acquisition-related and other costs primarily comprised of transaction costs, purchase price adjustments for inventory, certain compensation charges, contract termination and workforce rebalancing charges. (2) GAAP and non-GAAP diluted EPS include the assumed conversion of the Company's 2026 Convertible Notes under the "if converted" method, if the impact is dilutive. $27 $0.02 3 348 (6) 693 0.42 47 0.03 (164) (0.10) $948 $ 0.58 I 0.21 1,627 1,627 AMD together we advance_#31APPENDICES SHARE COUNT OVERVIEW Shares (millions) 31 (1) Basic shares Dilutive impact from employee equity grants (2) Diluted shares Q2 2023 FINANCIAL RESULTS - AUGUST 1, 2023 Q2'23 Q3'23 Actual Estimate Estimate 1,612 1,618 15 1,627 12 2023 1,630 1,618 10 The table above provides actual share count for Q2'23 and an estimate of share count to use when calculating GAAP and non-GAAP diluted earnings per share for Q3'23 and FY 2023. (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 Q2'23 average stock price was $104.00. The Q2'23 average stock price of $104.00 was assumed for Q3'23 and FY23 average stock price estimates. 1,628 AMD together we advance_#32AMD together we advance_