AMD Reports First Quarter Results

(1) Starting in Q406, the Company no longer allocates employee stock-
     based compensation and profit sharing expenses to its segments.
     These expenses are recorded in the All Other category. Prior
     period information has been restated to conform to current period
     presentation.

(2) Starting in Q107, Computing Solutions includes what was formerly
     the Computations Product Segment, the Embedded Products Segment
     and former ATI Chipset products. In Q406, former ATI Chipset
     products were reported as part of the Graphics and Chipsets
     Segment. Prior period information has been restated to conform to
     current period presentation.

(3) Graphics includes 3D graphics, video and multimedia products
     developed for use in desktop and notebook computers, including
     home media PCs, professional workstations, and servers. In Q406,
     Graphics products were reported as part of the Graphics and
     Chipsets Segment. As noted above, starting in Q107 the Chipset
     products are reported as part of Computing Solutions. Prior
     period information has been restated to conform to current period
     presentation.

(4) Consumer Electronics includes products and revenue related to
     mobile phones, PDAs, digital televisions, and other consumer
     electronics.

(5) All Other category includes employee stock-based compensation
     expense, profit sharing expense, certain operating expenses and
     credits that are not allocated to the operating segments and
     Personal Internet Communicator (PIC) related activities in Q406
     and Q106. Also included in this category are the ATI acquisition-
     related and integration charges incurred in Q107 and Q406.
     Details of the ATI acquisition-related and integration charges
     and employee stock-based compensation expense are shown below.

   ATI acquisition-related and
    integration charges:
                          Q107   Q406   Employee stock-based
                                         compensation expense:
                        ---------------
   Amortization of                                        Q107Q406Q106
    acquired intangible
    assets                  $71    $47
                                                          ------------
   Integration charges       13     26  Cost of sales      $2  $2  $2
                        ---------------
                                        Research and
     Subtotal                84     73   development       14  13   4
                                        Marketing, general
   In-process research                   and
    and development           -    416   administrative    12  12   9
                                                          ------------
   Cost of fair value
    adjustment of
    acquired inventory       29     62                    $28 $27 $15
                        ---------------                   ============
        Total              $113   $551
                        ===============

(6) Reconciliation of Net income (loss) to Adjusted EBITDA(a)

                                                Q107    Q406    Q106
                                               -----------------------

   Net income (loss)                            $(611)  $(576)  $ 185
   Depreciation and amortization                  243     224     174
   In-process research and development              -     416
   Amortization of acquired intangible assets      71      47
   Interest expense                                78      67      23
   Provision (benefit) for income taxes            23     (10)     35

   -------------------------------------------------------------------
   Adjusted EBITDA                              $(196)  $ 168   $ 417
                                               =======================

(a) The Company defines Adjusted EBITDA as net income (loss) adjusted
     for depreciation and amortization, in-process research and
     development, amortization of acquired intangible assets, interest
     expense and taxes. The Company calculated and communicated
     Adjusted EBITDA because management believes it is of interest to
     investors and lenders in relation to its overall capital
     structure and its ability to borrow  additional  funds.  The
          Company's  calculation  of  Adjusted  EBITDA  may  or  may  not  be
          consistent  with  the  calculation  of  this  measure  by  other
          companies  in  the  same  industry.  Investors  should  not  view
          Adjusted  EBITDA  as  an  alternative  to  the  U.S.  GAAP  operating
          measure  of  net  income  or  U.S.  GAAP  liquidity  measures  of  cash
          flows  from  operating,  investing  and  financing  activities.  In
          addition,  Adjusted  EBITDA  does  not  take  into  account  changes  in
          certain  assets  and  liabilities  as  well  as  interest  and  income
          taxes  that  can  affect  cash  flows.
 



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