ADVANCED MICRO DEVICES INC Earnings Per Share Disclosure
| Year Ended | |||||||||||||||||
| December 27, 2025 | December 28, 2024 | December 30, 2023 | |||||||||||||||
| (In millions, except per share amounts) | |||||||||||||||||
| Numerator | |||||||||||||||||
| Income from continuing operations | $ | 4,269 | $ | 1,641 | $ | 854 | |||||||||||
| Income from discontinued operations | 66 | — | — | ||||||||||||||
| Net income | $ | 4,335 | $ | 1,641 | $ | 854 | |||||||||||
| Denominator | |||||||||||||||||
| Basic weighted average shares | 1,624 | 1,620 | 1,614 | ||||||||||||||
| Potentially dilutive shares from employee equity plans | 12 | 17 | 11 | ||||||||||||||
| Diluted weighted average shares | 1,636 | 1,637 | 1,625 | ||||||||||||||
| Earnings per share: | |||||||||||||||||
| Earnings per share from continuing operations - basic | $ | 2.63 | $ | 1.01 | $ | 0.53 | |||||||||||
| Earnings per share from discontinued operations - basic | 0.04 | — | — | ||||||||||||||
| Basic earnings per share | $ | 2.67 | $ | 1.01 | $ | 0.53 | |||||||||||
| Earnings per share from continuing operations - diluted | $ | 2.61 | $ | 1.00 | $ | 0.53 | |||||||||||
| Earnings per share from discontinued operations - diluted | 0.04 | — | — | ||||||||||||||
| Diluted earnings per share | $ | 2.65 | $ | 1.00 | $ | 0.53 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 4, 2026 | Showing above |
| 2024 | Feb 5, 2025 | |
| 2023 | Jan 31, 2024 | |
| 2022 | Feb 27, 2023 | |
| 2021 | Feb 3, 2022 | |
| 2020 | Jan 29, 2021 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.