Advanced Micro Devices, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

Earnings Per Share

12 Months Ended

Dec. 30, 2023

Basic earnings per share is computed based on the weighted-average number of shares outstanding.

Diluted earnings per share is computed based on the weighted-average number of shares outstanding plus potentially dilutive shares outstanding during the period. Potentially dilutive shares are determined by applying the treasury stock method to the Company’s stock options, RSUs (including PRSUs), common stock to be issued under the ESPP and warrants.

The following table sets forth the components of basic and diluted earnings per share:


	Year Ended
	December 30, 2023		December 31, 2022		December 25, 2021
	(In millions, except per share amounts)
Numerator
Net income for basic earnings per share	$	854	$	1,320	$	3,162
Denominator
Basic weighted-average shares	1,614		1,561		1,213
Effect of potentially dilutive shares from employee equity plans and warrants	11		10		16
Diluted weighted-average shares	1,625		1,571		1,229
Earnings per share:
Basic	$	0.53	$	0.85	$	2.61
Diluted	$	0.53	$	0.84	$	2.57

Potential shares from employee equity plans totaling 6 million, 16 million and 2 million weighted-average shares for 2023, 2022 and 2021, respectively, were not included in the earnings per share calculation because their inclusion would have been anti-dilutive.