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 large growth opportunities across diverse set of markets; AMD's anticipated acquisition of ZT Systems and the anticipated timing of the transaction; the expected benefits of AMD's acquisition of ZT Systems; AMD's expected fourth quarter 2024 financial outlook, including revenue, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP Interest Expense/Other Income (Expense), net, non-GAAP tax rate and diluted share count; AMD's large and compelling TAM; AMD's ability to expand Data Center and AI 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; Nvidia's dominance in the graphics processing unit market and its aggressive business practices; the cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; loss of a significant customer; competitive markets in which AMD's products are sold; economic and market uncertainty; 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 cyberattacks; uncertainties involving the ordering and shipment of AMD's products; AMD's reliance on third-party intellectual property to design and introduce new products; AMD's reliance on third-party companies for design, manufacture and supply of motherboards, software, memory 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; long-term impact of climate change on AMD's business; impact of government actions and regulations such as export 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; evolving expectations from governments, investors, customers and other stakeholders regarding corporate responsibility matters; issues related to the responsible use of AI; restrictions imposed by agreements governing AMD's notes, the guarantees of Xilinx's notes and the revolving credit agreement; the ability to obtain applicable regulatory approvals for the acquisition of ZT Systems in a timely manner or otherwise and to satisfy other closing conditions to the transaction; 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 the combined company's assets; political, legal and economic risks and natural disasters; future impairments of technology license purchases; AMD's ability to attract and retain qualified personnel; and 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 and margin, non-GAAP operating expenses, non-GAAP operating expenses/revenue %, non-GAAP operating income, non-GAAP operating margin, 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 2024, AMD uses a projected non-GAAP tax rate of 13%, which excludes the tax impact of pre-tax non-GAAP adjustments. 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 and tax rate. These forward-looking non-GAAP measures are based on current expectations as of October 29, 2024, and assumptions and beliefs that involve numerous risks and uncertainties. AMD undertakes no intent or obligation to

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Leadership Product Portfolio

OUR JOURNEY

Expanding Customer & Partner Ecosystem

Data Center and AI Growth

Strong Financial Foundation


Our Strategy

HIGH PERFORMANCE COMPUTING LEADERSHIP



Leadership Foundational IP

Accelerating innovation in silicon architecture, advanced packaging, and software

Broad Product Portfolio

Scaling IP across a breadth of platforms, systems and solutions for diverse markets

Open, Proven

Software Ecosystem Delivering a productive, performant, and

accessible development stack

Deep, Collaborative Partnerships

Computing partner of choice across AI, the data center, embedded, PCs, and gaming




LARGE GROWTH OPPORTUNITIES Across Diverse Set of Markets

Data Center

Leadership performance and TCO across cloud, enterprise and AI workloads

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Client

Performance and energy efficiency for productivity, AI, gaming and content creation

Gaming

Stunning visuals and immersive experiences for PC and console gaming

Embedded

Computing leadership for diverse markets and devices


LEADERSHIP AI SOLUTIONS Announced at Advancing AI 2024


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Q3 2024 FINANCIAL RESULTS - OCTOBER 29, 2024

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AMD to Acquire ZT Systems*

EXPANDING DATA CENTER AI SOLUTIONS CAPABILITIES



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REVENUE Q3 2024

• ▪ Revenue of $6.8 billion increased 18% y/y
• ▪ Revenue growth in Data Center and Client segments partially offset by lower revenue in Gaming and Embedded segments

$5.8B

Q3 2023

Q3 2024

$6.8B

GROSS MARGIN Q3 2024


OPERATING INCOME Q3 2024

GAAP

Non-GAAP 1

$1.72B

$1.28B

Q3 2023

Q3 2024

• ▪ Increase driven by higher revenue and gross margin, partially offset by higher operating expenses

$0.22B

Q3 2023

Q3 2024

• ▪ Increase driven by higher revenue and gross margin and lower amortization of acquisition-related intangible assets, partially offset by higher operating expenses

$0.72B

EARNINGS PER SHARE Q3 2024


• ▪ GAAP net income of $771 million
• ▪ GAAP EPS up 161%, primarily driven by higher revenue and gross margin and lower amortization of acquisition-related intangible assets, partially offset by higher operating expenses
• ▪ Non-GAAP net income of $1.5 billion
• ▪ Non-GAAP EPS up 31%, primarily driven by higher revenue and gross margin, partially offset by higher operating expenses
Q3 2024 SUMMARY P&L | GAAP


Q3 2024 SUMMARY P&L | NON-GAAP 1


Q3 2024 SUMMARY BALANCE SHEET ITEMS


Q3 2024 SEGMENT RESULTS


DATA CENTER SEGMENT Q3 2024



AMDZ AMDZ AMDZI INSTINCT XILINX

Strategic Highlights

• ▪ Launched AMD EPYC 9005 Series ('Turin') processors with record-breaking performance and energy efficiency
• ▪ Unveiled AMD Instinct MI325X accelerators delivering leadership performance and memory capabilities for the most demanding AI workloads
• ▪ Microsoft, Oracle Cloud and multiple AI-specialized cloud providers expanded their MI300X public cloud instance availability
• ▪ Announced agreement to acquire ZT Systems to expand data center AI systems capabilities and accelerate deployment of AMD AI rack scale systems with cloud and enterprise customers
CLIENT SEGMENT Q3 2024


GAMING SEGMENT Q3 2024


EMBEDDED SEGMENT Q3 2024



Strategic Highlights

• ▪ Adoption of AMD Versal grew across aerospace, emulation and other markets; Versal Premium VP1902 powering multiple platforms from three largest EDA vendors
• ▪ Introduced AMD Artix UltraScale+ XA AU7P, an automotive-qualified FPGA optimized for use in ADAS sensor applications and in-vehicle infotainment
• ▪ Introduced AMD EPYC Embedded 8004 Series processors, designed to deliver outstanding performance for high-demand workloads while optimizing power efficiency
• ▪ Launched AMD Alveo UL3422 Accelerator Card, AMD's newest fintech accelerator for ultra-low latency electronic trading applications
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FINANCIAL OUTLOOK - NON-GAAP 1



1. See Cautionary Statement on Slide 2. These forward-looking outlook statements and non-GAAP measures are based on current expectations as of October 29, 2024, 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.


Revenue $6.8B Up 18% y/y

Q3 2024 SUMMARY 1

Data Center Segment Revenue $3.5B Up 122% y/y

Gross Margin 50% Non-GAAP Gross Margin 54%

EPS $0.47 Non-GAAP EPS $0.92

RECORD DATA CENTER SEGMENT REVENUE DRIVEN BY AMD INSTINCT GPU AND AMD EPYC CPU PORTFOLIOS

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CORPORATE RESPONSIBILITY AT AMD

Environmental

Advancing environmental solutions in our products, supply chain and operations, while accelerating energy efficiency for IT users



Social

Fostering a culture of diversity, belonging and inclusion, partnering with suppliers and positively impacting our communities



Governance

Integrating corporate responsibility and governance across product design, supply chain, operations and external engagement


Large and Compelling TAM

World-Class Execution and Focus

OUR MOMENTUM

Technology Leadership

Expanding Data Center and AI Leadership

Strong Balance Sheet

DRIVING LONG-TERM SHAREHOLDER RETURNS


APPENDICES

RECONCILIATION OF GAAP TO NON-GAAP GROSS PROFIT AND GROSS MARGIN



RECONCILIATION OF GAAP TO NON-GAAP OPERATING EXPENSES


• (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.

APPENDICES

RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME


• (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.

APPENDICES

RECONCILIATION OF GAAP TO NON-GAAP NET INCOME / EARNINGS PER SHARE


• (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.

APPENDICES

SHARE COUNT OVERVIEW



The table above provides actual share count for Q3'24 and an estimate of share count to use when calculating GAAP and non-GAAP diluted earnings per share for Q4'24.

• (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 Q3'24 average stock price was $151.75. The Q3'24 average stock price of $151.75 was assumed for Q4'24 average stock price estimates.


ENDNOTES

STX-04: Based on AMD product specifications and competitive products announced as of May 2024. AMD Ryzen AI 300 Series processors' NPU offer up to 50 peak TOPS. AI PC is defined as a laptop PC with a processor that includes a neural processing unit (NPU). STX-04.

GD-220c: Ryzen AI is defined as the combination of a dedicated AI engine, AMD Radeon graphics engine, and Ryzen processor cores that enable AI capabilities. OEM and ISV enablement is required, and certain AI features may not yet be optimized for Ryzen AI processors. Ryzen AI is compatible with: (a) AMD Ryzen 7040 and 8040 Series processors except Ryzen 5 7540U, Ryzen 5 8540U, Ryzen 3 7440U, and Ryzen 3 8440U processors; (b) AMD Ryzen AI 300 Series processors, and (c) all AMD Ryzen 8000G Series desktop processors except the Ryzen 5 8500G/GE and Ryzen 3 8300G/GE. Please check with your system manufacturer for feature availability prior to purchase. GD220c.



AMD together we advance