<PAGE>
 
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                   Form 8-K

               Current Report Pursuant to Section 13 or 15(d) of
                      The Securities Exchange Act of 1934


        Date of Report (date of earliest event reported):  June 20, 1996


                         ADVANCED MICRO DEVICES, INC.
                         ----------------------------
            (Exact name of registrant as specified in its charter)



    DELAWARE                         1-7882                        94-1692300
    --------                         ------                        ----------
(State or other jurisdiction      (Commission                  (I.R.S. Employer
      of incorporation)            File Number)              Identification No.)



       One AMD Place,
       P.O. Box 3453
       Sunnyvale, California                                       94088-3453
- ---------------------------------------                            ----------
(address of principal executive offices)                           (Zip Code)


Registrant's telephone number,
 including area code:                                             (408) 732-2400
                                                                  --------------


<PAGE>
 

Item 5.   Other Events
- -------   ------------

          On June 20, 1996, Advanced Micro Devices, Inc. announced that it 
expects to report a second quarter loss on revenues below Wall Street 
expectations and lower than the immediate-prior quarter.

          Cautionary Statement Regarding Forward Looking Statements
          ---------------------------------------------------------

          The statements in the press release attached to this report as Exhibit
99 that are forward looking are based on current expectations, and actual
results may differ materially. The forward looking statements include the
expectations of the Company that it will report a second quarter loss on
revenues below Wall Street expectations and lower than the immediate quarter,
that its total sales will decline by more than 15% from its first quarter, and
that more than half of this revenue decrease will have been attributable to a
decline in sales of Flash memory products in the face of soft demand and sharply
lower prices. These forward looking statements are based on the Company's
present expectations concerning second quarter results but such statements
involve numerous risks and uncertainties that actual results differ materially.
Such risks and uncertainties include the fact that the Company's expectations
regarding second quarter results as expressed in the attached Exhibit 99 are
based on the Company's operations through June 20, 1996, the date of the
attached press release. There can be no assurance that the operations of the
Company between June 20, 1996 and the end of the second quarter may not cause
the actual results to differ materially. In addition, such actual results are
subject to other risks and uncertainties, including but not limited to,
continued demand for AMD's microprocessor and Flash memory products; the effect
of changing general and industry-specific economic conditions; and such risks
and uncertainties as are detailed from time to time in AMD's Securities and
Exchange Commission reports and filings.


Item 7.   Financial Statements and Exhibits
- ------    ---------------------------------

(c)       Exhibits:
           
          99   Press release dated June 20, 1996

                                       2

<PAGE>
 

                                  SIGNATURES
                                  ----------

     Pursuant to the requirements of the Securities Exchange Act of 1934, the 
registrant has duly caused this report to be signed on its behalf by the 
undersigned hereunto duly authorized.


                                       ADVANCED MICRO DEVICES, INC.
                                            (Registrant)



Date:  June 21, 1996                   By: /s/ Marvin D. Burkett
                                           -------------------------------
                                           Marvin D. Burkett
                                           Senior Vice President, Chief
                                           Financial and Administrative
                                           Officer and Treasurer

                                       3

<PAGE>
 

                                 Exhibit Index
                                 -------------

Exhibit Number      Exhibit
- -------------       -------

     99             Press release dated June 20, 1996

                                       4





<PAGE>
 
                                                                      EXHIBIT 99


NEWS RELEASE                                                 [LETTERHEAD OF AMD]
                                                        For further information:
                                                                      Tom Stites
                                                                  (408) 749-2918

                   AMD EXPECTS SECOND QUARTER SALES DECLINE


     SUNNYVALE, CA--JUNE 20, 1996--AMD announced today that it expects to report
a second quarter loss on revenues below Wall Street expectations and lower than
the immediate-prior quarter.

     The company said it expects total sales will decline by more than 15 
percent from its first quarter.  More than half of this revenue decrease is 
attributable to a decline in sales of flash memory products in the face of soft 
demand and sharply lower prices.

     AMD is global supplier of integrated circuits for the personal and
networked computer and communications markets. A Fortune 500 company, AMD
produces processors, flash memories, programmable logic devices, and products
for communications and networking applications. Founded in 1969, AMD is based in
Sunnyvale, California, and has sales and manufacturing facilities worldwide. The
company had revenues of $2.5 billion in 1995 (NYSE: AMD).


                                     ####


WORLD WIDE WEB: Press announcements and other information about AMD are 
available on the Internet via the World Wide Web. Type http.//www.amd.com at the
URL prompt.

AMD, the AMD logo and combinations thereof
 are trademarks of Advanced Micro 
Devices, Inc.

AMD news release #96CORP17