Key insights
7 takeaways · ~3 min read- 01Net income for Q1 2024 was $123 million, a significant improvement from a net loss of $139 million in Q1 2023.
- 02Total unconditional purchase commitments as of March 30, 2024, were $3,992 million, with the majority ($3,278 million) due in the remainder of 2024.
- 03International sales accounted for 60% of net revenue in Q1 2024, down from 68% in Q1 2023, but are expected to remain a significant portion of total sales.
- 04Purchases from the ATMP JV increased to $450 million in Q1 2024 from $367 million in Q1 2023, while resales to the ATMP JV also rose to $40 million from $1 million over the same period.
- 05The company recorded a gain of $7 million in equity income from its investee in Q1 2024, up from $1 million in Q1 2023, with the investment's carrying value increasing to $106 million from $99 million.
- 06Long-term income tax liabilities were $1.5 billion as of March 30, 2024, a slight decrease from $1.6 billion as of December 30, 2023.
- 07Stock-based compensation expense increased to $371 million in Q1 2024 from $309 million in Q1 2023.
Summary
SEC 10-Q filing for AMD, filed 2024-05-01.
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