Press release
AMD Announces New $6 Billion Share Repurchase Authorization
SANTA CLARA, Calif., May 14, 2025 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced that its board of directors approved a new $6 billion share repurchase
About this update from Advanced Micro Devices Inc
[{"type":"text","content":"SANTA CLARA, Calif., May 14, 2025 (GLOBE NEWSWIRE) -- AMD (NASDAQ: AMD) today announced that its board of directors approved a new $6 billion share repurchase program. The new authorization is in addition to the remaining balance, as of March 29, 2025, of approximately $4 billion of its existing share repurchase program, increasing the total current repurchase authority to approximately $10 billion. “Our expanded share repurchase program reflects the Board’s confidence in AMD’s strategic direction, growth prospects, and ability to consistently generate strong free cash flow,” said AMD Chair and CEO Dr. Lisa Su. “We remain committed to disciplined capital allocation and driving strong shareholder returns, including investing in our leadership product portfolio to drive growth, while returning capital to owners.” The timing and total amount of stock repurchases will depend upon market conditions and may be made from time to time in open market purchases or privately negotiated purchases. This program has no termination date, may be suspended or discontinued at any time and does not obligate the company to acquire any amount of common stock. About AMD For more than 55 years AMD has driven innovation in high-performance computing, graphics and visualization technologies. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. Billions of people, leading Fortune 500 businesses and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work and play. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn and X pages. Cautionary Statement This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) including those related to AMD’s share repurchase program; AMD’s strategic direction, growth prospects and ability to consistently generate strong free cash flow; AMD’s commitment to disciplined capital allocation and driving strong shareholder returns; AMD’s investment in AMD’s leadership product portfolio to drive growth; and AMD’s ability to return capital to owners, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-look...