#1AMD FINANCIAL RESULTS AMD together we advance_ Second Quarter 2022 August 2, 2022#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 and AMD's expected third quarter 2022 and fiscal 2022 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, 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; loss of a significant customer; impact of the COVID-19 pandemic on AMD's business, financial condition and results of operations; competitive markets in which AMD's products are sold; market conditions of the industries in which AMD products are sold; cyclical nature of the semiconductor industry; quarterly and seasonal sales patterns; AMD's ability 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; 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 ability to integrate acquired businesses, such as Xilinx and Pensando; impact of any impairment of the combined company's assets on the combined company'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; 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, non-GAAP earnings per share and free cash flow. 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 2022, 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, and a projected non-GAAP cash tax rate of approximately 10% that includes the projected current income tax liability plus known foreign withholding tax obligations paid expressed as a percentage of non-GAAP profit before tax. 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, interest expense, taxes and other. These forward-looking non-GAAP measures are based on current expectations as of August 2, 2022, 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 2022 FINANCIAL RESULTS - AUGUST 2, 2022 AMD together we advance_#33 Best Product Portfolio in History Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 AMD OUR JOURNEY Expanding Customer Significant Business & Partner Ecosystem Acceleration Outstanding Financial Performance AMD together we advance_#44 ZEN 4 ama OUR LEADERSHIP TECHNOLOGY AMD AMD RDNA 2 CDNA 2 VERSAL ZYNQ Industry-Leading IP Executing leadership CPU, GPU, DPU, FPGA and Adaptive SOC products and roadmaps Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 L PRESSE F Advanced Technology Driving leadership process technology and 3D chiplet packaging Data Center Leadership Driving innovation in cloud, enterprise, Al and accelerated computing AMD ROCM AMD AMD VITIS ZenDNN Software Enablement Open-source software co-designed with hardware and optimized for performance across heterogenous solutions AMD together we advance_#55 OUR BEST EVER PRODUCT PORTFOLIO AMD INSTINCT AMD EPYC Data Center Leadership data center solutions with EPYC™ server processors, AMD Instinct™ GPUs, FPGAs, DPUs, SmartNICs, and adaptive SOCS Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 E ************** AMD RYZEN 5000 SERIES 11 - 21 ======= AND Client Leadership Ryzen™ processors for notebook and desktop PCs and commercial workstations RADION Gaming Top-to-bottom Radeon™ desktop and notebook GPUs and premium game console and semi-custom products TEDAVEO £ WAY THAT a EXILINX VIRTEX UNSCALES 52 AMD EPYC Hana Embedded Leadership FPGAs, Adaptive SOCs and Embedded CPUs and GPUs for a broad set of markets AMD together we advance_#66 ■ QUARTERLY SUMMARY Q2 2022¹ $3.9B Revenue $6.6B Q2 2021 Record revenue of $6.6 billion grew 70% y/y Growth across all segments: Data Center, Client, Gaming and Embedded Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 Q2 2022 Gross Margin 48% 1. See Appendices for GAAP to Non-GAAP reconciliation GAAP: -2 pp y/y Non-GAAP: +6pp y/y 54% (Non-GAAP) 46% Q2 2021 Q2 2022 GAAP gross margin includes amortization of acquisition-related intangible assets Non-GAAP gross margin primarily driven by higher Data Center and Embedded revenue#77 QUARTERLY SUMMARY Q2 2022¹ Operating Income ■ $0.9B (Non-GAAP) $0.8B GAAP: -$0.3B y/y Non-GAAP: +$1.1B y/y $0.5B Q2 2021 Q2 2022 Operating income includes amortization of acquisition-related intangible assets ▪ Record non-GAAP operating income of $2.0B Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 $2.0B (Non-GAAP) ■ Earnings Per Share 1. See Appendices for GAAP to Non-GAAP reconciliation $0.63 (Non-GAAP) $0.58 GAAP: -$0.31 y/y Non-GAAP: +$0.42y/y $1.05 (Non-GAAP) $0.27 Q2 2021 Q2 2022 Net income $447 million; Non-GAAP net income $1.7 billion EPS reflects lower net income and higher share count as a result of Xilinx acquisition; Non-GAAP EPS primarily driven by higher net income#88 ($ in millions, except per share data) Revenue Gross Profit Q2 2022 SUMMARY P&L | GAAP Gross Margin % Operating Expenses Operating Expense/Revenue % Operating Income Operating Margin % Net Income Earnings Per Share Q2'22 Q2 2022 FINANCIAL RESULTS - AUGUSition. $6,550 $3,028 46% $2,508 38% $526 8% $447 $0.27 Q2'21 $3,850 $1,830 48% $1,000 26% $831 22% $710 $0.58 Y/Y Up 70% Up 65% Down 140 bps Up 151% Up 12 pp Down 37% Down 14 pp Down 37% Q2'22 includes a full quarter of amortization of intangible assets associated with the Xilinx Down 53% AMD together we advance_#99 Q2 2022 SUMMARY P&L | NON-GAAP¹ ($ in millions, except per share data) Revenue Gross Profit Gross Margin % Operating Expenses Operating Expense/Revenue % Operating Income Operating Margin % Net Income Earnings Per Share¹ Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 Q2'22 $6,550 $3,538 54% $1,562 24% $1,982 30% $1,707 $1.05 Q2'21 $3,850 $1,832 48% $909 24% $924 24% $778 $0.63 Y/Y Up 70% Up 93% Up 640 bps Up 72% Flat Up 115% Up 6 pp Up 119% Up 67% 1. See Appendices for GAAP to Non-GAAP reconciliation and share count reference AMD together we advance_#1010 $2.8 Q3'20 $3.2 04'20 Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 $3.4 Q1'21 REVENUE TREND ($ in Billions) $3.9 Q2'21 $4.3 Q3'21 $4.8 Q4'21 SIGNIFICANT REVENUE GROWTH $5.9 Q1'22 +70% y/y $6.6 02¹22 AMD together we advance_#1111 44% Q3'20 45% Q4'20 GROSS MARGIN TREND (GAAP and Non-GAAP)* Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 46% Q1'21 48% Q2'21 48% Q3'21 50% GAAP: -2 pp y/y Non-GAAP: +6pp y/y 53% (Non-GAAP) 48% 54% (Non-GAAP) 46% Q4'21 Q1'22 Q2'22 DATA CENTER & EMBEDDED GROWTH DRIVE HIGHER MARGIN *See Appendices for GAAP to Non-GAAP reconciliation. GAAP and non-GAAP gross margin are the same for all quarters except for Q1'22 and Q2'22. AMD together we advance_#1212 $0.32 EARNINGS PER SHARE TREND (GAAP) $1.45¹ $1.06 Valuation Allowance Release $0.39 Q4'20 Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 $0.45 $0.58 Q1'21 $0.75 Q3'20 Q3'21 2022 EPS INCLUDES ACQUISITION-RELATED AMORTIZATION 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. Q2¹21 $0.80 $0.56 Q4'21 $0.27 Q1'22 Q2'22 AMD together we advance_#1313 $0.41 Q3'20 EARNINGS PER SHARE TREND (Non-GAAP)* $0.52 Q4'20 Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 $0.52 Q1'21 $0.63 Q2'21 $0.73 Q3'21 $0.92 *See Appendices for GAAP to Non-GAAP reconciliation $1.13 Q4'21 SIGNIFICANT Y/Y GROWTH IN NON-GAAP EPS Q1'22 +67% y/y $1.05 Q2'22 AMD together we advance_#1414 Q2 2022 SUMMARY BALANCE SHEET ITEMS ($ in millions) Cash, Cash Equivalents and Short-term Investments Accounts Receivable, Net Inventories Total Debt (principal amount)¹ Total Debt, Net¹ Q2'22 Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 $5.992 $4,050 $2,648 $2,813 $2,777 Q2'21 $3,793 $2,020 $1,765 $313 $313 Y/Y Up $2,199 STRONG & GROWING CASH POSITION Cash from operations $1.04 billion; free cash flow $906 million² Repurchased $920 million of common stock Up $2,030 Up $883 Up $2,500 Up $2,464 1. See Appendices for Total Debt reconciliation 2. See Appendices for GAAP to Non-GAAP reconciliation AMD together we advance_#1515 ($ in millions) Data Center Net Revenue Operating Income Client Net Revenue Operating Income Gaming Net Revenue 02 2022 SEGMENT RESULTS (GAAP) Q2'22 Operating Income Embedded Net Revenue Operating Income Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 $1,486 $472 $2.152 $676 $1,655 $187 $1,257 $641 Q2'21 $813 $204 $1,728 $538 $1,255 $175 $54 $6 Y/Y Up 83% Up 131% Up 25% Up 26% Up 32% Up 7% Up 2,228% Up 10,583% AMD together we advance_#1616 DATA CENTER SEGMENT Q2 2022 Quarterly Revenue $0.8B Q2 2021 $1.5B Q2 2022 Revenue $1.5 Billion Up 83% y/y Strong sales of EPYC™ server processors Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 Operating Margin 25% Q2 2021 32% Q2 2022 Operating Income $472 Million vs. $204 Million a year ago Growth in operating income primarily driven by higher revenue, partially offset by higher operating expenses AMD AMD AMD EPYC INStinct XILINX PENSANDO AMD Strategic Highlights ▪ 60+ new EPYC processor-based cloud instances across Tier 1 customers ▪ Enterprise OEM adoption accelerated in Q2 ▪ Frontier supercomputer #1 spot on TOP500 and GREEN500 lists ▪ Microsoft Azure deploying AMD Instinct MI200 accelerators ■ Successfully completed the acquisition of Pensando Systems#1717 CLIENT SEGMENT Q2 2022 Quarterly Revenue $1.7B Q2 2021 $2.2B Q2 2022 Revenue $2.2 Billion Up 25% y/y Driven by Ryzen™ mobile processor sales Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 Operating Margin 31% Q2 2021 32% Q2 2022 Operating Income $676 Million vs. $538 Million a year ago Growth in operating income primarily driven by higher revenue, partially offset by higher operating expenses AMD AMD RYZEN RYZEN PRO AMD THREADRIPPER PRO Strategic Highlights ▪ Announced Ryzen 7000 Series desktop processors based on 5nm “Zen 4" architecture HP and Lenovo launched 50+ AMD Ryzen processor-based commercial notebooks ▪ Dell announced its 1st AMD processor- based Precision workstation#18co 18 GAMING SEGMENT Q2 2022 Quarterly Revenue $1.3B Q2 2021 $1.7B Q2 2022 Revenue $1.7 Billion Up 32% y/y Driven by higher semi-custom product sales, partially offset by a decline in gaming graphics Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 Operating Margin 14% Q2 2021 11% Q2 2022 Operating Income $187 Million vs. $175 Million a year ago Growth in operating income driven by higher semi-custom revenue, partially offset by higher operating expenses AMD RADEON Strategic Highlights Announced new Radeon™ RX 6950 XT, RX 6750 XT, and RX 6650 XT graphics cards ▪ ▪ Launched AMD Advantage gaming notebooks; Alienware m17 named best gaming laptop by Laptop Magazine ▪ Continued strong demand for semi- custom game consoles; on track for record annual revenue#19O 19 EMBEDDED SEGMENT Q2 2022 Quarterly Revenue $0.05B Q2 2021 $1.3B Q2 2022 Revenue $1.3 Billion Up 2,228% y/y Primarily driven by inclusion of Xilinx embedded revenue Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 Operating Margin 11% Q2 2021 51% Q2 2022 Operating Income $641 Million vs. $6 Million a year ago Growth in operating income primarily driven by higher revenue XILINX TM Strategic Highlights ▪ Canon selected Versal™ Al Core series for Canon Free Viewpoint Video System transforming live sports broadcasts ▪ Introduced Versal Premium series with Al Engines for the aerospace, defense and test and measurement markets#2020 ($ in millions) Revenue FINANCIAL OUTLOOK - NON-GAAP¹ Gross Margin % Operating Expenses Operating Expenses/Revenue % Interest Expense, Taxes and Other Effective Tax Rate Cash Tax Rate 2. Refer to Diluted Share Count overview in the Appendices Q3'22 ~$6.7 Billion +/- $200 Million Growth of ~55% y/y Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 ~54% ~$1.64 Billion ~24.5% ~$270 Million FY 2022 ~$26.3 Billion +/- $300 Million Growth of ~60% y/y ~13% of pre-tax income ~54% ~24% Diluted Share Count² ~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 2, 2022, 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, 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. ~10% of pre-tax income ~1.57 billion shares AMD together we advance_#2121 Revenue $6.6B Up 70% Y/Y 02 2022 SUMMARY Gross Margin of 46% Non-GAAP GM of 54% Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 Cash from Ops $1.04B Free Cash Flow $906M Repurchased $920M Common Stock STRONG REVENUE DIVERSITY AND CASH GENERATION 1. See Appendices for GAAP to Non-GAAP reconciliation AMD together we advance_#2222 CDP SUPMJER ENGAGEMENT LEADER 2021 AMD COMMITMENT TO ESG SILVER 2022¹ ecovadis Sustainability Rating Environmental Steadfast commitment to environmental stewardship and contributing to our local communities II Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 Bloomberg Gender Equality Index 2022 E BEST HEWAN PLACES TO WORK 2022 for LGBTQ+ Equality 100% CORPORATE EQUALITY INDEX Social Creating a culture that drives innovation by fostering diversity, inclusion and belonging 3BLA 100 Best Corporate Citizens 2022 FTSE4Good Corporate ESG Performance STED 27 ISS ESG 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 together we advance_#2323 Large and Compelling $300B TAM OUR NEXT JOURNEY Expanding Data Center Leadership and World-Class Execution and Focus Pervasive AI Unmatched Technology Leadership Best-in-Class Growth DRIVING COMPELLING SHAREHOLDER RETURNS Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 AMD together we advance_#24APPENDICES RECONCILIATION OF GAAP TO NON-GAAP GROSS PROFIT AND GROSS MARGIN (Millions) (Unaudited) GAAP gross profit (Millions) (Unaudited) GAAP operating expenses GAAP Operating Expenses/Revenue % Stock-based compensation Acquisition-related costs (1) Amortization of acquired intangible assets Non-GAAP operating expenses Non-GAAP Operating Expenses/Revenue % GAAP gross margin % Stock-based compensation Acquisition-related costs (1) Amortization of acquired intangible assets Non-GAAP gross profit Non-GAAP gross margin % RECONCILIATION OF GAAP TO NON-GAAP OPERATING EXPENSES 24 Q3'20 $ 1,230 44% Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 1 Q4'20 $ 1,451 45% $ 1,231 44% 1 I $ 1,452 45% $ Q2'22 Q2'21 $ 2,508 $ 1,000 38% 26% 251 79 616 $ 1,562 24% 81 10 Q1'21 $ 1,587 46% 909 24% 1 I $ 1,588 46% Q2'21 $ 1,830 48% 2 | $ 1,832 48% Q3'21 $ 2,086 48% 1 $ 2,087 48% (1) Acquisition-related costs primarily comprised of transaction costs, purchase price adjustments for inventory and certain compensation charges. Q4'21 $ 2,426 50% 1 I $ 2,427 50% Q1'22 $ 2,818 48% 4 92 186 $ 3,100 53% Q2'22 $ 3,028 46% 8 95 407 $ 3,538 54% AMD together we advance_#25APPENDICES RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME Q2'21 $ 831 22% 83 10 (Millions) (Unaudited) GAAP operating income GAAP operating margin % Stock-based compensation Acquisition-related costs (1) Amortization of acquired intangible assets Non-GAAP operating income Non-GAAP operating margin % 25 Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 Q2'22 $ 526 8% 259 174 1,023 $ 1,982 $ 924 30% 24% I (1) Acquisition-related costs primarily comprised of transaction costs, purchase price adjustments for inventory and certain compensation charges AMD together we advance_#26APPENDICES RECONCILIATION OF GAAP TO NON-GAAP NET INCOME / EARNINGS PER SHARE (Millions, except per share data) (Unaudited) 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 (1) Amortization of acquired intangible assets Release of valuation allowance on deferred tax assets Income tax provision 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) (2) Interest expense add back to GAAP net income (2) Shares used in per share calculation (Non-GAAP) Interest expense add back to Non-GAAP net income 26 Q3'20 Q4'20 $ 390 $ 0.32 $1,781 $ 1.45 38 0.03 16 0.01 I 2 76 0.06 (1) I I 1,215 $1 I I 1,230 $1 79 0.06 (3) 14 I I I 0.01 1,226 $ - 1,232 $ - I Q1'21 Q2'21 Q3'21 Q4'21 $ 555 $ 0.45 $710 $0.58 $923 $0.75 $974 $0.80 14 0.02 1 I 85 (2) 15 I 0.07 I I 0.01 1,231 $ - 1,233 $ - I I I 83 (2) 10 I I I I 0.06 0.01 1,232 $ - 1,232 $ - I I T (60) (0.05) (4) 99 0.08 (2) 8 T I T 0.01 1,230 $ - I 1,230 $ - I I I 112 9 I I 31 I 0.09 (1,301) (1.06) (4) 50 0.05 (25) (0.03) (24) (0.02) (75) (0.06) 0.03 (124) (0.09) (202) (0.12) $ 501 $ 0.41 $636 $0.52 $ 642 $0.52 $778 $0.63 $ 893 $ 0.73 $1,122 $0.92 $1,589 $ 1.13 $1,707 $ 1.05 1,222 $ - 1,222 $ - Q1'22 Q2'22 $786 $0.56 $447 $ 0.27 I I 44 I 0.03 0.12 1,410 $ - 1,410 $ - I I 10 I I 174 (3) 233 0.17 0.11 479 0.34 1,023 0.63 259 (4) 174 I I I I 0.16 1,632 $ - 1,632 $ I I (1) Acquisition-related costs primarily comprised of transaction costs, purchase price adjustments for inventory and certain compensation charges. (2) 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. Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 AMD together we advance_#27APPENDICES RECONCILIATION OF OPERATING CASH FLOW TO FREE CASH FLOW (Millions) (Unaudited) Operating cash flow Operating cash flow margin % Purchases of property and equipment Free cash flow Free cash flow margin % TOTAL DEBT (NET) (Millions) (Unaudited) 7.50% Senior Notes due 2022 2.95% Senior Notes due 2024 2.125% Convertible Senior Notes due 2026 2.375% Senior Notes due 2030 3.924% Senior Notes due 2032 4.393% Senior Notes due 2052 Total Debt (principal amount) Unamortized debt discount and issuance costs Total Debt (net) 27 Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 $ Q2'22 1,038 16% (132) 906 14% Q2'22 312 750 1 750 500 500 $ 2,813 (36) $ 2,777 Q2'21 $ 312 1 $ I $ 313 313 AMD together we advance_#28APPENDICES SHARE COUNT OVERVIEW (1) Shares (millions) ' 28 Basic shares Dilutive impact from: Employee equity grants and warrant (2) Diluted shares Q1'22 Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 Actual 1,393 17 1,410 Q2'22 1,618 Actual Estimate Estimate 14 Q3'22 1,632 1,617 2022 1,628 1,563 11 The table above provides actual share count for Q1'22 and Q2'22 and an estimate of share count to use when calculating GAAP and non-GAAP diluted earnings per share for Q3'22 and FY 2022. (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′22 and Q2′22 average stock price was $121.81 and $96.04, respectively. The Q2'22 average stock price of $96.04 was assumed for Q3'22 and FY22 average stock price estimates. 1,574 AMD together we advance_#29APPENDICES HISTORICAL SEGMENT RESULTS 29 ($ in millions) Data Center Client Net Revenue Operating Income Net Revenue TOTAL Operating Income Gaming Net Revenue Operating Income (Loss) Embedded Net Revenue Operating Income (Loss) All Other Operating Loss Net Revenue Operating Income Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 Q1'21 $610 $110 $1,638 $530 $1,155 $121 $42 $(3) $(96) $3,445 $662 Q2'21 $813 $204 $1,728 $538 $1,255 $175 $54 $6 $(92) $3,850 $831 03'21 $1,108 $308 $1,692 $490 $1,434 $231 $79 $23 $(104) $4,313 $948 Q4'21 $1,163 $369 $1,829 $530 $1,763 $407 $71 $18 $(117) $4,826 $1,207 Q1'22 $1,293 $427 $2,124 $692 $1,875 $358 $595 $277 $(803) $5,887 $951 Q2'22 $1,486 $472 $2,152 $676 $1,655 $187 $1,257 $641 $(1,450) $6,550 $526 2020 $1,685 $198 $5,189 $1,608 $2,746 $(138) $143 $(11) $(288) $9,763 $1,369 2021 $3,694 $991 $6,887 $2,088 $5,607 $934 $246 $44 $(409) $16,434 $3,648 AMD together we advance_#3030 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. Ⓒ2022 Advanced Micro Devices, Inc. All rights reserved. AMD, the AMD Arrow logo, AMD CDNA, AMD Instinct, AMD RDNA, Radeon, Ryzen, EPYC, Versal 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 Q2 2022 FINANCIAL RESULTS - AUGUST 2, 2022 AMD together we advance_#31AMD together we advance_