AMD presented an overview of its business and strategy at its 2015 Financial Analyst Day. The presentation discussed AMD's technology investments in high-performance CPU and GPU cores, its goal of expanding into new markets beyond PCs like gaming, immersive platforms, and datacenters, and its plans to return to profitability and growth between 2015-2018 by gaining market share in profitable segments through new product launches and diversifying its revenue base. The document also contained a cautionary statement about the risks and uncertainties that could impact AMD's projections.

1. 2015 FINANCIAL ANALYST DAY
CONTENT OVERVIEW

2. 2 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
CAUTIONARY STATEMENT
This presentation contains forward-looking statements concerning Advanced Micro Devices, Inc. (“AMD” or the “Company”) including, that AMD’s next-generation technologies will launch on time, in sufficient volume, achieve expected
performance gains and drive profitable growth for the company; that AMD will be successful in its use of die-stacked high-bandwidth memory; that AMD will make a significant return to the server market; that AMD will recover market share in
traditional PC markets; that AMD’s network-on-chip strategy will meet its stated goals; and that AMD’s 6th Generation APU products will meet their stated goals; 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 press release are based on current beliefs, assumptions and expectations, speak only as of the date of this document and involve risks and uncertainties that could cause actual results to differ materially from
current expectations. Risks include that Intel Corporation’s dominance of the microprocessor market and its aggressive business practices may limit AMD’s ability to compete effectively; that AMD relies on GF to manufacture most of its
microprocessor and APU products and certain of its GPU and semi-custom products. If GF is not able to satisfy its manufacturing requirements, AMD’s business could be adversely impacted; that AMD relies on third parties to manufacture its
products, and if they are unable to do so on a timely basis in sufficient quantities and using competitive technologies, AMD’s business could be materially adversely affected; failure to achieve expected manufacturing yields for AMD’s products
could negatively impact its financial results; the success of its business is dependent upon its ability to introduce products on a timely basis with features and performance levels that provide value to its customers while supporting and coinciding
with significant industry transitions; if AMD cannot generate sufficient revenue and operating cash flow or obtain external financing, it may face a cash shortfall and be unable to make all of its planned investments in research and development or
other strategic investments; that AMD may not be able to successfully implement its business strategy to refocus its business to address markets beyond AMD’s core PC market to high-growth adjacent markets; the completion and impact of the
2014 restructuring plan and its transformation initiatives could adversely affect AMD; global economic uncertainty may adversely impact AMD’s business and operating results; AMD may not be able to generate sufficient cash to service its debt
obligations or meet its working capital requirements; AMD has a substantial amount of indebtedness which could adversely affect its financial position and prevent it from implementing its strategy or fulfilling its contractual obligations; the
agreements governing AMD’s notes and its amended and restated senior secured asset based line of credit for a principal amount up to $500 million (Secured Revolving Line of Credit) impose restrictions on AMD that may adversely affect AMD’s
ability to operate its business; the markets in which AMD’s products are sold are highly competitive; the loss of a significant customer may have a material adverse effect on it; AMD’s receipt of revenue from its semi-custom SoC products is
dependent upon AMD’s technology being designed into third-party products and the success of those products; the demand for AMD’s products depends in part on the market conditions in the industries into which they are sold. Fluctuations in
demand for AMD’s products or a market decline in any of these industries could have a material adverse effect on AMD’s results of operations; AMD’s ability to design and introduce new products in a timely manner is dependent upon third-party
intellectual property; AMD depends on third-party companies for the design, manufacture and supply of motherboards, BIOS software and other computer platform components to support its business; if AMD loses Microsoft Corporation’s
support for its products or other software vendors do not design and develop software to run on AMD’s products, its ability to sell AMD products could be materially adversely affected; AMD may incur future impairments of goodwill; uncertainties
involving the ordering and shipment of AMD’s products could materially adversely affect AMD; AMD’s reliance on third-party distributors and AIB partners subjects AMD to certain risks; AMD’s inability to continue to attract and retain qualified
personnel may hinder its product development programs; in the event of a change of control, AMD may not be able to repurchase all of the outstanding debt as required by the applicable indentures and its Secured Revolving Line of Credit, which
would result in a default under the indentures and its Secured Revolving Line of Credit; the semiconductor industry is highly cyclical and has experienced severe downturns that have materially adversely affected, and may continue to materially
adversely affect, AMD’s business in the future; AMD’s business is dependent upon the proper functioning of its internal business processes and information systems and modification or interruption of such systems may disrupt AMD’s business,
processes and internal controls; data breaches and cyber-attacks could compromise AMD’s intellectual property or other sensitive information and cause significant damage to AMD’s business and reputation; AMD’s operating results are subject to
quarterly and seasonal sales patterns; if essential equipment or materials are not available to manufacture AMD’s products, AMD could be materially adversely affected; if AMD’s products are not compatible with some or all industry-standard
software and hardware, AMD could be materially adversely affected; costs related to defective products could have a material adverse effect on AMD; if AMD fails to maintain the efficiency of its supply chain as it responds to changes in customer
demand for AMD’s products, AMD’s business could be materially adversely affected; AMD outsources to third parties certain supply-chain logistics functions, including portions of its product distribution, transportation management and
information technology support services; acquisitions could disrupt its business, harm its financial condition and operating results or dilute, or adversely affect the price of, its common stock; AMD’s worldwide operations are subject to political,
legal and economic risks and natural disasters, which could have a material adverse effect on AMD; worldwide political conditions may adversely affect demand for AMD’s products; unfavorable currency exchange rate fluctuations could adversely
affect AMD; AMD’s inability to effectively control the sales of its products on the gray market could have a material adverse effect on AMD; if AMD cannot adequately protect its technology or other intellectual property in the United States and
abroad, through patents, copyrights, trade secrets, trademarks and other measures, AMD may lose a competitive advantage and incur significant expenses; AMD is party to litigation and may become a party to other claims or litigation that could
cause it to incur substantial costs or pay substantial damages or prohibits AMD from selling its products; a variety of environmental laws that AMD are subject to could result in additional costs and liabilities; higher health care costs and labor costs
could adversely affect AMD’s business; and, AMD’s business is subject to potential tax liabilities. Investors are urged to review in detail the risks and uncertainties in the Company's Securities and Exchange Commission filings, including but not
limited to AMD’s Quarterly Report on Form 10-Q for the quarter ended March 28, 2015.

3. 3 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
 Progress to Date
 Sharpening AMD’s Focus
 Technology Innovation
 Market Opportunities
 Market Share Drivers
 Financial Execution
TODAY’S DISCUSSION

4. 4 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
Brings World’s
first APUs to
market
2011
Breaks 1GHz GPU
Barrier with
Radeon HD 4890
2009
First proprietary device:
Am2501 logic counter
introduced
1970
First to break the historic
1GHz barrier with the
AMD Athlon™
2000
World’s first
x86-64 bit
architecture
2003
World’s first
x86 dual-core
processor
2004 2014
First to break
teraflop
performance barrier
2006
2012
Industry’s first
quad-core x86 SoCs
Inside every major
next generation
gaming console
2013
BUILT ON A FOUNDATION SPANNING INNOVATION AND LEADERSHIP
HERITAGE SPANNING OVER 45 YEARS
Powered the
World’s most
efficient Super
Computer

5. 5 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
TRANSITIONED FOCUS
Enterprise, Embedded and Semi-Custom segment revenue
DIVERSIFYING
REVENUE
BASE AND
GROWING IN
NEW
MARKETS
2012
$5.4B
~10%
~90%
~30%
~70%
2013
$5.3B
Computing and Graphics segment revenue
2014
~40%
~60%
$5.5B

6. 6 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
OUR GAME PLAN
 PC Market Stabilization
 Prioritize Investments
 Return to Profitability in 2H*
2015
 Server/Infrastructure Market
Share Gains
 Margin Expansion
 Improved Profitability and
Cash Generation*
2017/2018
2016
 Gain Profitable Graphics, PC,
and Embedded Market Share
 New Semi-Custom Products
Ramp
 Consistent Profitability*
* non-GAAP

7. 7 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
FROM AN INTERNET OF THINGS TO IMMERSIVE PLATFORMS
CLOUD/DATACENTER
Store/Analyze Data
and Serve Information
INFRASTRUCTURE
Data Transmission
ENDPOINTS
Sensor and Compute-Driven Data
Collection and Data Interaction
Networking/
Telecom
50B
DEVICES
By 2020
Source: Cisco

8. 8 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
FROM AN INTERNET OF THINGS TO IMMERSIVE PLATFORMS
CLOUD/DATACENTER
Store/Analyze Data
and Serve Information
INFRASTRUCTURE
Data Transmission
INTELLIGENT CONTROLLERS
AND IMMERSIVE DEVICES
Compute-Driven Data Collection
and Data Interaction
ENDPOINTS
Sensor-Driven Data Collection
Networking/
Telecom
50B
DEVICES
By 2020
Source: Cisco and AMD Estimates
WHERE AMD WILL PLAY
$60B+ TAM

9. 9 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
 New generation x86 and
ARM cores
 High performance, power
efficient scalable design
 Multi-Generation roadmap
CPU TECHNOLOGY
 Performance/Watt leadership
 Unique Virtual Reality features
 Leadership API performance
 First to High Bandwidth Memory
GRAPHICS TECHNOLOGY
 Modular design
 Open software investments
 Expanded IP ecosystem with
partners
PLATFORM SOLUTIONS
HOW DO WE WIN – BIG TECHNOLOGY INVESTMENTS

10. 10 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
TECHNOLOGY TO SOLVE TODAY’S COMPLEX CHALLENGES
CPU CORES
GPU CORES
SOFTWARE ENABLEMENT
ACCELERATORS
SECURITY

11. 11 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
NEXT-GENERATION, HIGH-PERFORMANCE x86 CORE
“ZEN”
 Totally New High-performance
Core Design
 Simultaneous Multithreading (SMT) for
High Throughput
 New High-Bandwidth, Low Latency
Cache System
 Energy-efficient FinFET Design Scales
from Client to Enterprise-class Products
 Availability in 2016

12. 12 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
AMD x86 CORES: DRIVING COMPETITIVE PERFORMANCE
“Bulldozer” Core
“Excavator” Core
“Zen+” Cores
INSTRUCTIONSPERCLOCK
MORE
INSTRUCTIONS
PER CLOCK140%
“Zen” Core
2015 20162012 2013 2014

13. 13 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
CUSTOM, HIGH-PERFORMANCE ARM® CORE
“K12”
 Extends ARM to New Server and
Embedded Applications and
Performance Levels
 Highly-leveraged with x86 Core
Development
 Availability in 2017

14. 14 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
GRAPHICS TECHNOLOGY LEADERSHIP
2012: GRAPHICS CORE NEXT (GCN) LAUNCH
 Efficient and Scalable Architecture Optimized for
Graphics and Parallel Compute
 Easier for Software to Use
 Unique Asynchronous Compute Capability
2013-2015: GCN ENHANCEMENTS
 High-performance API Support
(Mantle, DirectX®12, and Vulkan™)
 Advanced Memory Techniques
 Virtual Reality Enablement
2016: GCN OPTIMIZATIONS
 High-performance with 2x Energy Efficiency2
 FinFET Process Technology

15. 15 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
GRAPHICS TECHNOLOGY LEADERSHIP
HIGH BANDWIDTH
MEMORY
 First in the Industry with
High Bandwidth Memory
(HBM) Technology
 3D HBM DRAM Die Stack
on Silicon Interposer
 >3X Performance/Watt
Compared to GDDR53
 >50% Power Savings Versus
GDDR54

16. 16 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
PLATFORM ENABLEMENT: ENERGY EFFICIENCY
25x20 ENERGY EFFICIENCY INITIATIVE
 High Performance, Power Efficient IP
 World Class Power Management
 Leadership Power Features
TYPICAL-USEENERGYEFFICIENCY5
ADDITIONAL ENERGY
EFFICIENCY BY 2020
(2014-2020)5
25X
INCREASE IN
ENERGY EFFICIENCY
(2008-2014)
10X
2009 2010 2011 2012 2013 2014 2015
“Carrizo”
“Kaveri”
“Richland”
“Trinity”
“Llano”
“Danube”
“Tigris”

17. 17 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
PLATFORM ENABLEMENT: SECURITY TECHNOLOGY
HARDWARE-BASED SECURITY
 Root-of-Trust
 Dedicated, AMD Secure
Processor
SOFTWARE-BASED SECURITY
 Open Standards-based
Architecture
 ARM® TrustZone® Technology
Isolates and Protects Sensitive
Applications and Interfaces

18. 18 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
GROWTH OPPORTUNITIES: GROWING BEYOND THE TRADITIONAL PC
NEW LEVELS OF REALITY
GAMING
INTELLIGENT AND
INTERACTIVE EXPERIENCES
IMMERSIVE PLATFORMS DATACENTER
INFRASTRUCTURE FOR THE
NEXT WAVE

19. 19 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
 Visualization requirements increasing exponentially
 AMD Gaming leadership from casinos to consoles to PCs
 Virtual Reality a key driver for future platforms
 AMD Technology Enablers:
– High-Performance CPUs, Graphics, Software APIs
– Semi-Custom business model
 AMD Business:
– Annual revenue ~$3B today
GAMING
The international games market
will rocket past the $100 Billion
mark in the next three years to
reach $102.9 Billion by 2017.”
Newzoo
#1
CONSOLE
TECHNOLOGY
LEADER
1.7B
GAMERS
WORLDWIDE

20. 20 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
 Fast growing segment of IoT Connected Devices
 New user interfaces and experiences enabled with
VR/AR – the importance of “Presence”
 Broad set of applications in traditional and new areas
 AMD Technology Enablers:
– High-performance x86 and ARM CPUs, Graphics & Visualization,
software/APIs, ecosystem partners
 AMD Business:
– Annual revenue ~$1.5B today
IMMERSIVE PLATFORMS
Augmented and virtual
reality to grow to $150B
by 2020.”
Digi-Capital
INTELLIGENT &
INTERACTIVE
EXPERIENCES

21. 21 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
 Explosive data growth with IoT and immersive content
 Software defined everything disrupting the datacenter
 AMD history of innovation and success: x86 64-bit,
multicore, silicon virtualization
 AMD Technology Enablers:
– High-performance x86 and ARM CPUs, GPU compute, Security,
Enterprise class development
 AMD Business:
– Annual revenues <$300M today
DATACENTER
The datacenter must serve as the
primary point of engagement and
information exchange with employees,
partners, and customers in today's
interconnected world.” IDC
GROW MARGIN
ACCRETIVE
MARKET SHARE

22. 22 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
NEW CPU
CORES FULLY LEVERAGE
AMD IP
PURSUE INNOVATIVE,
DIFFERENTIATED DESIGNS
BUILD GREAT PROCESSORS
COMPUTING & GRAPHICS TENETS
WIN GAMING
INFLECTION
POINTS
GROW GRAPHICS SHARE CREATE PLATFORMS FOR
INDUSTRY
INNOVATION

23. 23 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
2015 2016
DESIGNING WITH AMD GETS EVEN SIMPLER
NEW CPU CORES ADD MAJOR PERFORMANCE UPLIFT
DESKTOP
MOBILE
7th Gen A-Series
Mobile APUs
FT3b
FP4
AM3
“Vishera”
AMD FX CPUs
7th Gen A-Series
Desktop APUs
All New
AMD FX CPU
FM2+
“Kaveri” APUs
6th Gen A-Series
“Carrizo” APUs
“Carrizo-L” APUs
“Mullins” APUs
AM4“Zen”
CPU cores
AM4
FP4

24. 24 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
COMPUTING AND GRAPHICS ROADMAP: 2016
Software Enablement
Security
FX CPUs 7th Generation APUs
High-Performance
GPUs
Based on Next-Gen
x86 “Zen” Core
Performance-per-Watt
Efficiency Gains
2x Performance-
per-Watt Efficiency
High Core Count with
Multi-Threading
HSA 1.0, OpenCL 2.0
FinFET Process
Technology
AM4 Platform Shared
with Desktop APUs
FP4 Mobile Infrastructure
AM4 for Desktop
VR/AR Acceleration
DDR4 Compatibility
DDR3/DDR4
Compatibility
2nd Gen HBM

25. 25 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
ENTERPRISE, EMBEDDED, & SEMI-CUSTOM TENETS
FOCUS ON KEY
VERTICAL
SOLUTIONS
GPU + CPU
COMPUTE
OPEN
APPROACH
TAKING AN
CUSTOM
PLATFORMS
SCALABLE CAPABILITIES
ENABLING
HIGH PERFORMANCE

26. 26 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
DATACENTER ROADMAP: 2016 - 2017
Semi-Custom Capability Enabling End-Customer Innovation
Security
Next Generation
Opteron
Next Generation
ARM
High-Performance
Server APU
Based on Next Gen
x86 “Zen” Core
Based on
Custom “K12” Core
Multi-Teraflops for
HPC and Workstation
High Core Count with
Multi-Threading
Highest Performance
ARM Servers
HSA Performance
Delivered
Disruptive Memory
Bandwidth
Storage, Networking, &
Embedded Apps
Transformational
Memory Architecture
High Native I/O
Capacity
Designed
for Efficiency
Scale-Up Graphics
Performance

27. 27 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
MARKET SHARE DRIVERS
 2H15 Product Ramps
 Seasonal Improvement in PCs
and Game Consoles
 Inventory Re-Balanced
2015
2017/2018
2016
 Semi-Custom and Embedded
Products Ramp
 Graphics and Commercial
Client Growth
 New High Performance CPUs
 Strong Datacenter Portfolio
 Additional Semi-Custom
Design Wins Ramp
 Multi-Generation Roadmap
Investments Deployed

28. 28 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
2015 FINANCIAL FOCUS
STABILIZE THE
PC BUSINESS
INVEST IN
ENTERPRISE,
EMBEDDED AND
SEMI-CUSTOM
BUSINESSES
CONTINUE OPEX
DISCIPLINE WHILE
FUNDING THE
ROADMAP
MANAGE CASH
AND LIQUIDITY
LAY FOUNDATION
FOR GROWTH AND
PROFITABILITY

29. 29 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
OUR TEAM’S MISSION

30. 30 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
SHARPENING FINANCIAL
AND STRATEGIC EXECUTION
 Significant Market Opportunities
 Prioritized Technology Investments
 Roadmap for Profitable and Sustained
Growth

32. 32 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
APPENDICES
RECONCILIATION OF GAAP TO NON-GAAP OPERATING EXPENSES
Reconciliation of GAAP to Non-GAAP Operating Income (Loss)
(Millions) 2014 2013 2012
GAAP operating expenses $ 1,994 $ 1,875 $ 2,291
Goodwill Impairment 233 - -
Restructuring and other special charges (gains), net 71 30 101
Amortization of acquired intangible assets 14 18 13
Workforce rebalancing severance charges 14 - -
Legal settlements, net - (48) -
SeaMicro acquisition costs - - 6
Stock-based compensation* 78 86 89
Non-GAAP operating expenses $ 1,584 $ 1,789 $ 2,082
*Beginning in Q1 2015, AMD started excluding the impact of stock-based compensation from Non-GAAP results. Prior periods have been adjusted accordingly.
(Millions) Q4-14 Q3-14 Q2-14 Q1-14 Q4-13 Q3-13 Q2-13 Q1-13 Q4-12 Q3-12 Q2-12 Q1-12
GAAP operating expenses $ 690 $ 431 $ 435 $ 438 $ 418 $ 426 $ 488 $ 543 $ 600 $ 523 $ 561 $ 607
Goodwill Impairment 233 - - - - - - - - - - -
Restructuring and other special charges (gains), net 71 - - - - (22) 5 47 90 3 - 8
Amortization of acquired intangible assets 4 3 4 3 4 5 4 5 4 4 4 1
Workforce rebalancing severance charges - - - 14 - - - - - - - -
Legal settlements, net - - - - (48) - - - - - - -
SeaMicro acquisition costs - - - - - - - - - - - 6
Stock-based compensation* 16 20 20 22 23 22 19 22 21 25 24 19
Non-GAAP operating expenses $ 366 $ 408 $ 411 $ 399 $ 439 $ 421 $ 460 $ 469 $ 485 $ 491 $ 533 $ 573

33. 33 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
FOOTNOTES
1. Based on internal AMD estimates for “Zen” x86 CPU core compared to “Excavator” x86 CPU core.
2. Based on internal AMD estimates for 2016 Graphics Core Next GPU compared to previous generation
GPU.
3. Based on internal AMD estimates.
4. Based on internal AMD estimates.
5. 25x20 Initiative: AMD has an improvement goal to achieve 25x typical-use energy efficiency for mobile
platforms from 2014-2020.

34. 34 | 2015 FINANCIAL ANALYST DAY | MAY 6, 2015
DISCLAIMER & ATTRIBUTION
The information presented in this document is for informational purposes only and may contain technical inaccuracies, omissions and typographical errors.
The information contained herein is subject to change and may be rendered inaccurate for many reasons, including but not limited to product and roadmap changes, component and motherboard version changes, new model and/or product
releases, product differences between differing manufacturers, software changes, BIOS flashes, firmware upgrades, or the like. AMD assumes no obligation to update or otherwise correct or revise this information. However, AMD reserves the
right to revise this information and to make changes from time to time to the content hereof without obligation of AMD to notify any person of such revisions or changes.
AMD MAKES NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE CONTENTS HEREOF AND ASSUMES NO RESPONSIBILITY FOR ANY INACCURACIES, ERRORS OR OMISSIONS THAT MAY APPEAR IN THIS INFORMATION.
AMD SPECIFICALLY DISCLAIMS ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT WILL AMD BE LIABLE TO ANY PERSON FOR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL
DAMAGES ARISING FROM THE USE OF ANY INFORMATION CONTAINED HEREIN, EVEN IF AMD IS EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
ATTRIBUTION
© 2015 Advanced Micro Devices, Inc. All rights reserved. AMD, the AMD Arrow logo and combinations thereof are trademarks of Advanced Micro Devices, Inc. in the United States and/or other jurisdictions. Other names are for informational
purposes only and may be trademarks of their respective owners.