#1AMD FINANCIAL RESULTS AMD together we advance_ Third Quarter 2023 October 31, 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 fourth quarter 2023 financial outlook, including revenue, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP tax rate and diluted share count; AMD's large and compelling TAM; 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. 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 diluted 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 and operating expenses. These forward-looking non-GAAP measures are based on current expectations as of October 31, 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. Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 AMD together we advance_#33 Leadership Product Portfolio Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 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 Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 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 AMD INSTINCT OUR LEADERSHIP PRODUCTS AMD EPYC Data Center Leadership data center and Al solutions with server CPUs, GPUS, FPGAs, DPUS and Adaptive SoCs Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 Illall H AMD RYZEN AMD THREADRIPPER AMD RYZEN Client Leadership CPUs and APUs for notebook and desktop PCs and commercial workstations Pa 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 Embedded AMD Embedded Solutions 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 EPYCT Processors Q3 2023 FINANCIAL RESULTS | OCTOBER 31, 2023 Leadership 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 CPU 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 Q3 2023 ▪ Revenue of $5.8 billion increased 4% y/y as growth in Client segment revenue was partially offset by lower Gaming and Embedded segment revenue Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 $5.6B Q3 2022 $5.8B Q3 2023#88 GROSS MARGIN Q3 2023 H GAAP 42% Q3 2022 47% Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 Q3 2023 GAAP gross margin increase driven by lower amortization of acquisition-related intangible assets, stronger Client segment revenue and product mix Non-GAAP¹ 1. See Appendices for GAAP to Non-GAAP reconciliation 50% Q3 2022 51% Q3 2023 Non-GAAP gross margin increase primarily driven by stronger Client segment revenue and product mix#99 OPERATING INCOME (LOSS) Q3 2023 $(0.1) B Q3 2022 GAAP $0.2B Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 Q3 2023 GAAP operating income driven by lower amortization of acquisition-related intangible assets, stronger Client segment revenue and product mix, partially offset by increased R&D investments in Al ■ Non-GAAP¹ 1. See Appendices for GAAP to Non-GAAP reconciliation $1.3B Q3 2022 $1.3B Q3 2023 Non-GAAP operating income flat y/y due to stronger Client segment revenue and product mix, offset by increased R&D investments in Al#1010 EARNINGS PER SHARE¹ Q3 2023 GAAP ■ $0.04 $0.18 Q3 2022 Q3 2023 GAAP net income of $299 million, up 353% y/y GAAP EPS of $0.18, up 350% y/y, primarily driven by lower amortization of acquisition-related intangible assets and stronger Client segment revenue Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 ■ Non-GAAP $0.67 $0.70 Q3 2022 Q3 2023 Non-GAAP net income of $1.1 billion, up 4% y/y Non-GAAP EPS of $0.70, up 4% y/y, primarily driven by stronger Client segment revenue 1. Earnings Per Share (EPS) = Diluted earnings per share; see Appendices for GAAP to Non-GAAP reconciliation#11($ in millions, except per share data) Revenue Gross Profit Q3 2023 SUMMARY P&L | GAAP Gross Margin Operating Expenses Operating Expense/Revenue % Operating Income (Loss) Operating Margin Net Income Earnings Per Share ¹ Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 Q3'23 $5,800 $2,747 47% $2,533 44% $224 4% $299 $0.18 Q3'22 $5,565 $2,354 42% $2,426 44% ($64) (1%) $66 $0.04 1. Earnings Per Share (EPS) = Diluted earnings per share Y/Y Up 4% Up 17% Up 5 ppts Up 4% Flat Up 450% Up 5 ppts Up 353% Up 350% Q2'23 $5,359 $2,443 46% $2,471 46% ($20) 0% $27 $0.02 Q/Q Up 8% Up 12% Up 1 ppt Up 3% Down 2 ppts Up 1,220% Up 4 ppts Up 1,007% Up 800% AMD together we advance_#1212 Q3 2023 SUMMARY P&L | NON-GAAP¹ ($ 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 Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 Q3'23 $5,800 $2,963 51% $1,697 29% $1,276 22% $1,135 $0.70 Q3'22 $5,565 $2,776 50% $1,520 27% $1,264 23% $1.095 $0.67 Y/Y Up 4% Up 7% Up 1 ppt Up 12% Up 2 ppts Flat Down 1 ppt Up 4% Up 4% See Appendices for GAAP to Non-GAAP reconciliation; Earnings Per Share (EPS) = Diluted earnings per share Q2'23 $5,359 $2,665 50% $1,605 30% $1,068 20% $948 $0.58 1 Q/Q Up 8% Up 11% Up 1 ppt Up 6% Down 1 ppt Up 19% Up 2 ppt Up 20% Up 21% AMD together we advance_#1313 $5.6 Q3'22 Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 $5.6 Q4'22 REVENUE ($ in Billions) $5.4 Q1'23 $5.4 Q2'23 $5.8 Q3'23 AMD together we advance_#1414 42% Q3'22 Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 GROSS MARGIN 43% Q4'22 (GAAP) 44% Q1'23 46% Q2'23 47% Q3'23 AMD together we advance_#1515 50% Q3'22 Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 GROSS MARGIN 51% Q4'22 (Non-GAAP)¹ 50% Q1'23 50% Q2'23 1. See Appendices for GAAP to Non-GAAP reconciliation. 51% Q3'23 AMD together we advance_#1616 EARNINGS (LOSS) PER SHARE (GAAP) $0.04 Q3'22 Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 $0.01 Q4'22 $(0.09) Q1'23 $0.02 Q2'23 1. Earnings Per Share (EPS) = Diluted earnings per share except for Q1'23 for which basic shares were used 1 $0.18 Q3'23 AMD together we advance_#1717 $0.67 Q3'22 Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 EARNINGS PER SHARE (Non-GAAP)¹ $0.69 Q4'22 $0.60 Q1'23 $0.58 Q2'23 1. See Appendices for GAAP to Non-GAAP reconciliation; Earnings Per Share (EPS) = Diluted earnings per share $0.70 Q3'23 AMD together we advance_#1818 Q3 2023 SUMMARY BALANCE SHEET ITEMS ($ in millions) Cash, Cash Equivalents and Short-term Investments Accounts Receivable, Net Inventories Total Debt Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 Q3'23 $5,785 $5,054 $4,445 $2,467 Q2'23 $6,285 $4,312 $4,567 $2,467 Q/Q Down 8% Up 17% Down 3% Flat AMD together we advance_#1919 ($ in millions) Data Center Net Revenue Operating Income Client Net Revenue Operating Income (Loss) Gaming Net Revenue Operating Income Embedded Q3 2023 SEGMENT RESULTS Net Revenue Operating Income Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 Q3'23 $1,598 $306 $1,453 $140 $1,506 $208 $1,243 $612 Q3'22 $1,609 $505 $1,022 ($26) $1,631 $142 $1,303 $635 Y/Y Flat Down 39% Up 42% Up 638% Down 8% Up 46% Down 5% Down 4% Q2'23 $1,321 $147 $998 ($69) $1,581 $225 $1,459 $757 Q/Q Up 21% Up 108% Up 46% Up 303% Down 5% Down 8% Down 15% Down 19% AMD together we advance_#2020 DATA CENTER SEGMENT Q3 2023 Revenue $1.6B Q3 2022 $1.6B Q3 2023 Revenue $1.6 Billion Flat y/y Growth in 4th Gen EPYCTM CPU sales offset by decrease in adaptive System-on-Chip (SoC) product sales Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 Operating Margin 31% 19% Q3 2022 Q3 2023 Operating Income $306 Million vs. $505 Million a year ago Primarily due to increased R&D investments to support future Al revenue growth and product mix AMD AMD amd EPYC INSTINCT XILINX ■ AMD PENSANDO Strategic Highlights Almost 100 new AMD processor-powered cloud instances launched from Amazon, Google, Microsoft, Oracle, Tencent and others Enterprise wins in automotive, aerospace, financial services, pharmaceutical and technology ▪ Launched 4th Gen EPYC "Siena" processors for intelligent edge and telco applications Announced acquisitions of Mipsology and Nod.ai to support expanding Al software capabilities ▪ AMD Instinct TM M1300A and M1300X GPU production shipments expected during Q4'23#2121 CLIENT SEGMENT Q3 2023 $1.0B Revenue Q3 2022 $1.5B Q3 2023 Revenue $1.5 Billion Up 42% y/y Primarily driven by higher Ryzen mobile processor sales Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 Operating Margin (3)% Q3 2022 10% Q3 2023 Operating Income $140 Million vs. $26 Million Loss a year ago Primarily driven by higher revenue and lower operating expenses AMD RYZEN AMD AMD RYZEN THREADRIPPER PRO PRO Strategic Highlights ▪ Growth driven by strong demand for RyzenTM 7000 series desktop and notebook processors ▪ More than 50 notebook designs powered by Ryzen Al in market ▪ Launched first Threadripper™M PRO workstation CPUs based on "Zen 4" core with Dell, HP and Lenovo announcing workstations powered by new Threadripper PRO processors#2222 GAMING SEGMENT Q3 2023 Revenue $1.6B Q3 2022 $1.5B Q3 2023 Revenue $1.5 Billion Down 8% y/y Primarily due to decreased semi-custom revenue, partially offset by increased Radeon GPU sales Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 Operating Margin 9% 14% Q3 2022 Q3 2023 Operating Income $208 Million vs. $142 Million a year ago Primarily driven by increased Radeon GPU revenue AMD AMD RADEON RADEON PRO Strategic Highlights ▪ Launched new Radeon™ RX 7000 enthusiast desktop GPUs offering leadership price/performance for 1440P gamers ▪ Launched first AMD RDNA 3 architecture - based mobile GPU enabling desktop-level performance in Alienware's newest m18 gaming laptop#2323 EMBEDDED SEGMENT Q3 2023 $1.3B Revenue Q3 2022 $1.2B Q3 2023 Revenue $1.2 Billion Down 5% y/y Primarily due to lower revenue in the communications market Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 Operating Margin 49% Q3 2022 49% Q3 2023 Operating Income $612 Million vs. $635 Million a year ago Slight decline in operating income primarily due to higher R&D expenses AMD AMD AMD AMD AMD VERSAL ZYNQ ALVEO EPYC RYZEN Embedded Embedded Strategic Highlights ▪ Launched first AMD adaptive SoCs with on- chip HBM memory delivering significant performance and efficiency for data center, network, test and aerospace applications ■ Announced next-generation space-grade Versal SoC integrating an enhanced Al Engine ▪ Launched Alveo accelerator card for fintech market delivering 7x improvement in latency compared to prior generation* See endnote ALV-10.#2424 FINANCIAL OUTLOOK - NON-GAAP¹ ($ in millions) Revenue Gross Margin Operating Expenses Effective Tax Rate Diluted Share Count² Q4'23 Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 ~$6.1 Billion +/- $300 Million Increase of ~9% y/y and ~5% q/q ~51.5% ~$1.74 Billion ~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 October 31, 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 $5.8B Up 4% y/y Q3 2023 SUMMARY Client Segment Revenue $1.5B Up 42% y/y Gross Margin 47% Non-GAAP Gross Margin 51% Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 1 Y/Y GROWTH IN REVENUE, GROSS MARGIN AND EPS STRONG DEMAND FOR 4TH GEN EPYC AND RYZEN 7000 PROCESSORS 1. See Appendices for GAAP to Non-GAAP reconciliation; Earnings Per Share (EPS) = Diluted earnings per share EPS $0.18 Non-GAAP EPS $0.70 AMD together we advance_#2626 N SEAL AWARD WINNER 2022 AMD COMMITMENT TO ESG *** AMERICA'S ★★* GREENEST COMPANIES 20 Newsweek PLANT-A INSIGHTS GROUP 24 CDP SUPPLIER ENGAGEMENT LEADER 2022 Environmental Advancing environmental solutions in our products, supply chain and operations, while accelerating energy efficiency for IT users Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 Bloomberg Gender Equality Index 2023 E BEST HUMAN RIGHTS CAMPAIGN PLACES TO WORK FOUNDATION 2022 for LGBTQ+ Equality 100% CORPORATE EQUALITY INDEX Social Fostering a culture of diversity, belonging and inclusion, partnering with suppliers and positively impacting our communities SILVER 2023 ecovadis Sustainability Rating Corporate ESG Performance RATED BY ISS ESG TOGETHER WE ADVANCE_CORPORATE RESPONSIBILITY Prime Governance Integrating corporate responsibility and governance across product design, supply chain, operations and external engagement AMD together we advance_#2727 Large and Compelling TAM OUR MOMENTUM Technology Leadership Expanding Data Center and Al Leadership Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 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 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 $ 2,354 $ 2,403 $2,359 $ 2,443 $ 2,747 42% 44% 46% 47% 43% 9 8 8 10 6 412 443 305 212 210 2 4 3 $ 2,776 $ 2,859 $ 2,675 $ 2,665 $ 2,963 50% 51% 50% 50% 51% (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 RECONCILIATION OF GAAP TO NON-GAAP (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 % Q3'23 $2,533 44% 347 450 39 $ 1,697 29% OPERATING EXPENSES Q3'22 $ 2,426 44% 261 590 55 $ 1,520 27% Q2'23 $ 2,471 46% 338 481 47 $ 1,605 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. Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 AMD together we advance_#29APPENDICES RECONCILIATION OF GAAP OPERATING INCOME (LOSS) TO NON-GAAP OPERATING INCOME Q2'23 Q3'22 224 $ (64) $ (20) 4% (1%) 0% 353 269 348 660 1,002 693 39 57 47 $ 1,276 $ 1,264 $ 1,068 22% 23% 20% (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 $ 29 Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 Q3'23 (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. AMD together we advance_#30APPENDICES RECONCILIATION OF GAAP TO NON-GAAP NET INCOME (LOSS) / EARNINGS (LOSS) PER SHARE (³) (Millions, except per share data) (Unaudited) GAAP net income (loss) / earnings (loss) per share (³) (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 (3) 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 Q4'22 Q1'23 Q2'23 $66 $0.04 $ 21 $ 0.01 $ (139) $ (0.09) $27 $ 0.02 3 5 (1) 3 269 310 305 348 (4) (3) 1,002 0.62 1,044 0.65 57 0.04 57 0.04 (298) (0.19) (321) (0.20) $1,095 $ 0.67 $1,113 $ 0.69 Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 Q3'22 - 0.16 1,625 1,625 0.19 1,618 1,618 (1) 823 115 (132) $970 0.19 — - 1,611 1,618 0.21 (6) (3) 660 0.41 0.51 0.07 693 47 0.42 0.03 39 0.02 (0.10) (209) (0.13) (0.08) (164) $ 0.60 $948 $ 0.58 $1,135 $ 0.70 Q3'23 $299 $ 0.18 (4) 353 1,627 1,627 0.22 (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. (3) Earnings Per Share (EPS) = Diluted earnings per share except for Q1'23 for which basic shares were used. 1,629 1,629 AMD together we advance_#31APPENDICES SHARE COUNT OVERVIEW Shares (millions) 31 (1) Basic shares Dilutive impact from employee equity grants (2) Diluted shares Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 Q3'23 Actual Estimate 1,616 13 Q4'23 1,629 1,617 10 The table above provides actual share count for Q3'23 and an estimate of share count to use when calculating GAAP and non-GAAP diluted earnings per share for Q4'23. (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 Q3'23 average stock price was $108.55. The Q3'23 average stock price of $108.55 was assumed for Q4'23 average stock price estimates. 1,627 AMD together we advance_#32ENDNOTES ALV-10: Testing conducted by AMD Performance Labs as of 8/16/23 on the Alveo UL3524 accelerator card, using Vivado TM Design Suite 2023.1 and running on Vivado Lab (Hardware Manager) 2023.1. Based on the GTF Latency Benchmark Design configured to enable GTF transceivers in internal near-end loopback mode. GTF TX and RX clocks operate at same frequency of ~644MHz with a 180 degrees phase shift. GTF Latency Benchmark Design measures latency in hardware by latching value of a single free running counter. Latency is measured as the difference between when TX data is latched at the GTF transceiver and when TX data is latched at the GTF receiver prior to routing back into the FPGA fabric. Latency measurement does not include protocol overhead, protocol framing, programmable logic (PL) latency, TX PL interface setup time, RX PL interface clock-to-out, package flight time, and other sources of latency. Benchmark test was run 1,000 times with 250 frames per test. Cited measurement result is based on GTF transceiver "RAW Mode", where PCS (physical medium attachment) of the transceiver passes data 'as-is' to FPGA fabric. Latency measurement is consistent across all test runs for this configuration. System manufacturers may vary configurations, yielding different results. ALV-10 32 Q3 2023 FINANCIAL RESULTS - OCTOBER 31, 2023 AMD together we advance_#33AMD together we advance_