Most Recent Quarter Revenue. 0000001911 00000 n 0000020006 00000 n Fourth-quarter revenue was $14.0 billion, down 32 percent year-over-year (YoY) and down 28 percent YoY on a non-GAAP basis. Variations in results can also be caused by the timing of Intel product introductions and related expenses, including marketing programs and Intel's ability to respond quickly to technological developments and to introduce new products or incorporate new features into existing products, as well as decisions to exit product lines or businesses, which have resulted and can result in restructuring and asset impairment charges. IFS provides differentiated full stack solutions including wafer fabrication, packaging, chiplet standard and software. For the three months and year ended December31, 2022, the impact of non-controlling interest to our non-GAAP adjustments is insignificant and thus is not included in our reconciliation of non-GAAP measures. 0000041399 00000 n Beginning in 2023, income tax effects are calculated using the same fixed long-term projected tax rate across all adjustments. We believe these non-GAAP financial measures provide investors with useful supplemental information about our operating performance, enable comparison of financial trends and results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating our business and measuring our performance. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. SANTA CLARA, Calif., Jan. 26, 2023 -- Intel Corporation today reported fourth-quarter and full-year 2022 financial results. Let's find out. Demand for our products has been and could again be materially harmed in the future, and our ability to accurately predict future demand, trends, or other matters may be impacted. The COVID-19 pandemic has previously adversely affected significant portions of Intel's business and could have a material adverse effect on Intel's financial condition and results of operations. // Intel is committed to respecting human rights and avoiding complicity in human rights abuses. suspension of bonuses, and a reduction in its 401(k) match. The expected cost savings resulting from these initiatives may not be realized and are subject to risks related to the timing and amount of related charges, local labor law requirements, and assumptions related to severance, post-retirement, and other costs. Intel's results can vary significantly from expectations based on capacity utilization; variations in inventory valuation, including variations related to the timing of qualifying products for sale; changes in revenue levels; segment product mix; the timing and execution of the manufacturing ramp and associated costs; excess or obsolete inventory; changes in unit costs; defects or disruptions in the supply of materials or resources, including as a result of ongoing industry shortages of components and substrates; suppliers extending lead times, experiencing capacity constraints, limiting or canceling supply, allocating supply to other customers including competitors, delaying or canceling deliveries or increasing prices, or other supply chain issues; product manufacturing quality/yields; and changes in capital requirements and investment plans. Declares quarterly cash dividend of $0.365 per share. %%EOF Security vulnerabilities and any limitations of, or adverse effects resulting from, mitigation techniques can adversely affect our results of operations, financial condition, customer relationships, prospects, and reputation in a number of ways, any of which may be material, including incurring significant costs related to developing and deploying updates and mitigations, writing down inventory value, a reduction in the competitiveness of our products, defending against product claims and litigation, responding to regulatory inquiries or actions, paying damages, addressing customer satisfaction considerations, or taking other remedial steps with respect to third parties. January 13, 2021. Intel Corp said on Thursday that it was investigating reports that a graphic in its quarterly earnings statement had been the . Unfortunately, decreasing operating expenses this way might look good on the quarterly report, but it can poison a workplace culture and affect future output. Can be quite demanding; heavy process, which often affects decision making or decisions made without overall understanding of impact to all areas affected. Intel said it planned to spend between $19 billion and $20 billion on capital expenditures in 2021. In making these adjustments, we have not made any changes to our methods for measuring and calculating revenue or other financial statement amounts. DCAI includes a broad portfolio of central processing units (CPUs), domain-specific accelerators and field programmable gate arrays (FPGAs), designed to empower data center and hyperscale solutions for diverse computing needs. In addition, significant or prolonged turnover may negatively impact our operations and culture, as well as our ability to successfully maintain our processes and procedures, including due to the loss of historical, technical, and other expertise. Intel Will Still Pay Roughly $2 Billion in Dividends Annually -- Should It Just Eliminate It? Terms of Use. The browser version you are using is not recommended for this site.Please consider upgrading to the latest version of your browser by clicking one of the following links. December 31, 2021: 20.53B September 30, 2021: 19.19B June 30, 2021: 19.63B March 31, 2021: 19.67B December 31, 2020: 19.98B . IFS achieved record revenue for both the fourth quarter and full year, with active design engagements with seven of the 10 largest foundry customers. Subject to local law, to earn and receive a QPB, you must be employed on the Intel payroll . 0000003058 00000 n Intel annual revenue for 2020 was $77.9B, a 8.2% growth from 2019. $1.2 billion was returned to Intel in February 2022, and the EC has appealed this decision to the Court of Justice. These bonuses are determined based on Intel's quarterly profitability, subject to the terms of the QPB plan. acquisition-related costs, including amortization and any impairment of acquisition-related intangibles and goodwill. In a rough calculation, state economist Josh Lehner estimated Intel's pay cuts could reduce Oregon's aggregate wages by $150 million to $200 million - about 0.15% of all wages statewide . It also added a leading cloud, edge and data center solutions provider as a customer to Intel 3. Intel 3 continues to progress and is on track. Sept. 17, 2021 - Intel Corporation today announced that its board of directors has declared a quarterly dividend of $0.3475 per share ($1.39 per share on an annual basis) on the company's common stock. In addition, we have entered new areas and introduced adjacent products, such as our intention to become a major provider of foundry services, and we face new sources of competition and uncertain market demand or acceptance of our offerings with respect to these new areas and products, and they do not always grow as projected. 0000010025 00000 n Base Salary. 1 Our reconciliations of GAAP to non-GAAP prior year gross margin and operating margin (loss) percentage reflect the exclusion of our NAND memory business from net revenue. 5.81%. The role will be based in Santa Clara, California. 0000015904 00000 n Additionally, in December 2022, in partnership with ASUS, Intel officially set a new world record for overclocking, pushing the 13th Gen Intel Core i9-13900K past the 9 gigahertz barrier for the first time ever. In depth view into Intel Revenue (Quarterly) including historical data from 1972, charts and stats. You can easily search the entire Intel.com site in several ways. A portion of the charge from our IP settlements represents a catch-up of cumulative amortization that would have been incurred for the right to use the related patents in prior periods. Starting in the first quarter of 2022, we incrementally exclude from our non-GAAP results share-based compensation and all gains and losses on equity investments. Exhibit 10.1. In January 2023, DCAI launched its 4thGen Intel Xeon Scalable processors (formerly code-named Sapphire Rapids) with the support of customers and partners such as Dell Technologies, Google Cloud, Hewlett Packard Enterprise, Lenovo, Microsoft Azure, NVIDIA and many others, and is ramping production to meet a strong backlog of demand. 0000002927 00000 n Published. In January 2023, AXG launched the Intel Xeon CPU Max Series (formerly code-named Sapphire Rapids HBM) and the Intel Data Center GPU Max Series (formerly code-named Ponte Vecchio). The live public webcast can be accessed on Intel's Investor Relations website at. Inspired by Moores Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers greatest challenges. 0000005666 00000 n Tags Corporate About Intel Predictive analysis failure detection . In addition, we have entered new areas and introduced adjacent products, such as our intention to become a major provider of foundry services, and we face new sources of competition and uncertain market demand or acceptance of our offerings with respect to these new areas and products, and they do not always grow as projected. Credit: REUTERS/STEVE MARCUS. 2200 Mission College Blvd. Declares quarterly cash dividend of $0.365 per share. Supplemental Reconciliations of GAAP Actuals to Non-GAAP Actuals. We reference a non-GAAP financial measure of adjusted free cash flow, which is used by management when assessing our sources of liquidity, capital resources, and quality of earnings. endstream endobj 244 0 obj <>/Size 209/Type/XRef>>stream Full-year EPS was $1.94; non-GAAP EPS was $1.84. Inspired by Moores Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers greatest challenges. This means Intel was using its cash reserves to fund the dividend -- not a sustainable strategy. 0000036765 00000 n All general full-time, part-time, intern and Intel contract employees are eligible to participate. Dear Patrick: Congratulations! Intel is also spending big money on its Ohio chip factory: a $20 billion investment that could potentially expand to $100 billion. 3. Results can also be affected by the formal or informal imposition by countries of new or revised export and/or import and doing-business regulations, including changes or uncertainty related to the US government entity list and changes in the ability to obtain export licenses, which can be changed without prior notice. This non-GAAP financial measure is helpful in understanding our capital requirements and sources of liquidity by providing an additional means to evaluate the cash flow trends of our business. Russia has likewise imposed currency restrictions and regulations and may further take retaliatory trade or other actions, including the nationalization of foreign businesses. // See our complete legal Notices and Disclaimers. This long-term non-GAAP tax rate may be subject to change for a variety of reasons, including the rapidly evolving global tax environment, significant changes in our geographic earnings mix, or changes to our strategy or business operations. Net additions to property, plant and equipment, GAAP cash provided by investing activities, Supplemental Reconciliations of GAAP Outlook to Non-GAAP Outlook. We may not realize the expected benefits of portfolio decisions due to numerous risks, including unfavorable prices and terms; changes in market conditions; changes in applicable laws; limitations due to regulatory or governmental approvals, contractual terms, or other conditions; and potential continued financial obligations associated with such transactions. Expenses for these groups are generally allocated to the operating segments. Intels Q1 2023 outlook includes an estimated $350 million to $500 million benefit to operating margin or $0.07 to $0.10 benefit to EPS from this change, split approximately 75% to cost of sales and 25% to operating expenses. Statements that refer to or are based on estimates, forecasts, projections, uncertain events or assumptions, including statements relating to Intel's strategy and its anticipated benefits, including our IDM 2.0 strategy, February 2022 Investor Meeting financial model, Smart Capital strategy, the Semiconductor Co-Investment Program, the transition to an internal foundry model, and updates to our reporting structure; manufacturing expansion, financing, and investment plans, including the impacts of plans such as our announced investments in the US and abroad; plans, customers, and goals related to Intels foundry business; projected costs and yield trends; supply expectations, including regarding industry shortages, constraints, limitations, pricing and sufficiency of future supply; pending transactions, including the pending acquisition of Tower Semiconductor Ltd., the sale of our NAND memory business, and the wind-down of our Intel Optane memory business; expected completion and impacts of restructuring activities and cost-saving or efficiency initiatives; total addressable market (TAM) and market opportunity; business plans and financial expectations; future macroeconomic and geopolitical conditions, including regional or global downturns or recessions; future legislation, including any expectations regarding anticipated financial and other benefits or incentives thereunder; tax- and accounting-related expectations; future responses to and effects of the COVID-19 pandemic, including manufacturing, transportation, and operational restrictions or disruptions; future products, technology, and services, and the expected regulation, availability, production, and benefits of such products, technology, and services, including product ramps, manufacturing goals, plans, timelines, and future progress, future process nodes and technologies including Intel 20A, RibbonFET, and PowerVia, process performance parity and leadership expectations, future product architectures, Alder Lake, Lunar Lake, Meteor Lake, Raptor Lake, Sapphire Rapids, Emerald Rapids, Granite Rapids, Sierra Forest, Mt. Copies of these filings may be obtained by visiting our Investor Relations website at, Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. For example, in response to Russias war with Ukraine, numerous countries and organizations have imposed financial and other sanctions and export controls against Russia and Belarus, while businesses, including the company, have limited or suspended Russian operations. %PDF-1.6 % Non-GAAP earnings (loss) per sharediluted. We exclude gains or losses resulting from divestitures for purposes of calculating certain non-GAAP measures because they do not reflect our current operating performance. 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, 1 Unstoppable Growth Stock to Buy Hand Over Fist, According to Wall Street. Strong Results, Cautious Outlook. See Intels Global Human Rights Principles. Compensation, including quarterly and annual bonuses is good. Intel completed the IPO of Mobileye, which achieved record revenue for both the fourth quarter and full year of 2022. Second, many consumers recently upgraded their PCs within the past few years, during the pandemic. Ex-Dividend Date. 245 0 obj <>stream Last month, Intel said it was expecting earnings of $4 per share and revenue of $72 billion. Both factors have eliminated PC demand, which hits Intel's finances dead center. The dividend will be payable on June 1, 2021, to stockholders of record on May 7, 2021. Cash flows provided by (used for) financing activities: Issuance of commercial paper, net of issuance costs, Issuance of term debt, net of issuance costs, Repayment of term debt and debt conversions, Proceeds from sales of common stock through employee equity incentive plans, Net cash provided by (used for) financing activities, Net increase (decrease) in cash and cash equivalents, Accelerated Computing Systems and Graphics. CCG includes products designed for end-user form factors, focusing on higher growth segments of 2 in 1, thin-and-light, commercial and gaming, and growing other products such as connectivity and graphics. Our reconciliations of GAAP to non-GAAP prior year gross margin and operating margin (loss) percentage reflect the exclusion of our NAND memory business from net revenue. These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with US GAAP, and the reconciliations from US GAAP to Non-GAAP actuals should be carefully evaluated. On behalf of Intel Corporation ("Intel" or the "Company") I am pleased to provide this offer to you for the position of Chief Executive Officer reporting to the Intel Board of Directors (the "Board"). By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. We exclude amortization charges for our acquisition-related intangible assets for purposes of calculating certain non-GAAP measures because these charges are inconsistent in size and are significantly impacted by the timing and valuation of our acquisitions. These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with US GAAP, and the financial outlook prepared in accordance with US GAAP and the reconciliations from this Business Outlook should be carefully evaluated. Intel Corporation. We project this long-term non-GAAP tax rate on an annual basis using a five-year non-GAAP financial projection that excludes the income tax effects of each adjustment. 0000003011 00000 n Intel's results can be affected by the impact and timing of closing of acquisitions, divestitures, and other significant transactions, such as the pending acquisition of Tower Semiconductor Inc. $1.46. 209 37 If you want to own a chip company, I'd suggest looking somewhere besides Intel. Management slashed its quarterly dividend from $0.365 to $0.125 to fund its long-term strategy, which . These measures have impacted and may further impact our workforce and operations, the operations of our customers, and those of our respective vendors, suppliers, and partners. Beginning in 2022, we initiated the wind-down of our Intel Optane memory business. Russia has likewise imposed currency restrictions and regulations and may further take retaliatory trade or other actions, including the nationalization of foreign businesses. First-quarter GAAP revenue of $19.7 billion, down 1 percent year over year (YoY), and non-GAAP revenue of $18.6 billion, flat YoY, which exceeded January guidanc Cost basis and return based on previous market day close. The live public webcast can be accessed on Intel's Investor Relations website at www.intc.com. Fourth-quarter earnings (loss) per share (EPS) was $(0.16); non-GAAP EPS was $0.10. This includes the reorganization of Intel's business units to capture this growth and provide increased transparency, focus and accountability. // No product or component can be absolutely secure. Is Intel stock worth owning with that catalyst gone? In addition to disclosing financial results in accordance with US GAAP, this document contains references to the non-GAAP financial measures below. Income tax effects have been calculated using an appropriate tax rate for each adjustment, as applicable. We exclude these impairments for purposes of calculating certain non-GAAP measures because these charges do not reflect our current operating performance. 0000061688 00000 n Full-year revenue was $63.1 billion, down 20 percent YoY and down 16 percent YoY on a non-GAAP basis. . 40.5% of all U.S. workers have access to nonproduction bonuses. 0000054097 00000 n The primary driver of this demand evaporation is an atrocious PC market. As of the Effective Date, your annual base salary will be $750,000 less applicable taxes, deductions, and withholdings. 0000000016 00000 n Market Data copyright 2023 QuoteMedia. An Intel filing with the Securities and Exchange Commission last year revealed that Mr. Gelsinger's base salary was $1.1 million in 2021, alongside a hiring bonus of $1.75 million. Glassdoor is your resource for information about the Performance Bonus benefits at Intel Corporation. Mobileye includes the development and deployment of advanced driver-assistance systems (ADAS) and autonomous driving technologies and solutions. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. In 2023, we will continue to navigate the short-term challenges while striving to meet our long-term commitments, including delivering leadership products anchored on open and secure platforms, powered by at-scale manufacturing and supercharged by our incredible team., In the fourth quarter, we took steps to right-size the organization and rationalize our investments, prioritizing the areas where we can deliver the highest value for the long term, said David Zinsner, Intel CFO. In the fourth quarter, the company generated $7.7 billion in cash from operations and paid dividends of $1.5billion. Its business is struggling worse than that of its competitors, and with the company being behind on cutting-edge technologies like 3- and 5-nanometer chips, there are not a lot of compelling reasons to own the stock, especially with the dividend reduction. Other names and brands may be claimed as the property of others. Odd Lots. expected completion and impacts of restructuring activities and cost-saving or efficiency initiatives; total addressable market (TAM) and market opportunity; business plans and financial expectations; future macroeconomic and geopolitical conditions, including regional or global downturns or recessions; future legislation, including any expectations regarding anticipated financial and other benefits or incentives thereunder; tax- and accounting-related expectations; future responses to and effects of the COVID-19 pandemic, including manufacturing, transportation, and operational restrictions or disruptions; future products, technology, and services, and the expected regulation, availability, production, and benefits of such products, technology, and services, including product ramps, manufacturing goals, plans, timelines, and future progress, future process nodes and technologies including Intel 20A, RibbonFET, and PowerVia, process performance parity and leadership expectations, future product architectures, Alder Lake, Lunar Lake, Meteor Lake, Raptor Lake, Sapphire Rapids, Emerald Rapids, Granite Rapids, Sierra Forest, Mt. This adjustment facilitates a useful evaluation of our current operating performance and comparisons to past operating results. We exclude the impact of our NAND memory business in certain non-GAAP measures. To learn more about Intels innovations, go to newsroom.intel.com and intel.com. Demand for Intel's products is highly variable and can differ from expectations due to factors including changes in business and economic conditions; customer confidence or income levels, and the levels of customer capital spending; the introduction, availability, and market acceptance of Intel's products, products used together with Intel products, and competitors' products; competitive and pricing pressures, including actions taken by competitors; supply constraints and other disruptions affecting customers; changes in customer order patterns or forecasts including order cancellations; changes in customer needs and emerging technology trends; and changes in the level of inventory and computing capacity at customers. Compensation, including quarterly and annual bonuses is good. Cybersecurity incidents, whether or not successful, can affect Intel's results by causing us to incur significant costs or disrupting our operations or those of our customers and suppliers, and can result in reputational harm. The degree to which COVID-19 impacts our results will depend on future developments, which are highly uncertain. Forecasting first-quarter 2023 revenue of $10.5 billion to $11.5 billion; expecting first-quarter EPS of $(0.80) (non-GAAP EPS of $(0.15)). We exclude charges related to share-based compensation for purposes of calculating certain non-GAAP measures because we believe these adjustments provide better comparability to peer company results and because these charges are not viewed by management as part of our core operating performance. In addition, significant or prolonged turnover may negatively impact our operations and culture, as well as our ability to successfully maintain our processes and procedures, including due to the loss of historical, technical, and other expertise. Weighted average shares of common stock outstanding: Earnings per share of common stock information: Weighted average shares of common stock outstandingbasic, Dilutive effect of employee equity incentive plans, Weighted average shares of common stock outstandingdiluted, (In Millions, Except Par Value; Unaudited), Preferred stock, $0.001 par value, 50 shares authorized; none issued, Common stock, $0.001 par value, 10,000 shares authorized; 4,137 shares issued and outstanding (4,070 issued and outstanding in 2021) and capital in excess of par value, Accumulated other comprehensive income (loss), Total liabilities and stockholders' equity, Cash and cash equivalents, beginning of period. These adjustments facilitate a useful evaluation of our core operating performance and comparisons to past operating results and provide investors with additional means to evaluate expense trends. endstream endobj 210 0 obj <. Sign in here. 0000008327 00000 n Subject to local law, to earn and receive a QPB, you must be employed on the Intel payroll before the cutoff date for each three-month bonus period . Its gross margin also fell from 54% last year to 39% in the fourth quarter, indicating Intel had to slash prices to get to the revenue levels it did. Feb 6, 2023. The pandemic has also previously resulted in substantial economic uncertainty and volatility and disrupted historical patterns related to demand for our products and services. Charges related to the amortization of these intangibles are recorded within both cost of sales and MG&A in our US GAAP financial statements. All forward-looking statements included in this release are based on management's expectations as of the date of this release and, except as required by law, Intel disclaims any obligation to update these forward-looking statements to reflect future events or circumstances. Intel's guidance for the first quarter of 2023 includes both GAAP and non-GAAP estimates. Evans, and future GPU and IPU products; future business, social, and environmental performance, goals, measures, and strategies; availability, uses, sufficiency, and cost of capital resources and sources of funding, including future capital and R&D investments, credit rating expectations, and expected returns to stockholders such as stock repurchases and dividends; our debt obligations; stock volatility; expectations regarding customers, including with respect to designs, wins, orders, and partnerships; projections regarding competitors; and anticipated trends in our businesses or the markets relevant to them, including with respect to future demand and industry growth, also identify forward-looking statements. Differentiated full stack solutions including wafer fabrication, packaging, chiplet standard and software calculating certain non-GAAP measures because do. Pc market rate for each adjustment, as applicable manufacturing of semiconductors to help address our greatest... Plant and equipment, GAAP cash provided by investing activities, Supplemental Reconciliations of GAAP Outlook to Outlook... This demand evaporation is an atrocious PC market further take retaliatory trade or other,..., to stockholders of record on may 7, 2021 in its 401 ( k ).. -- not a sustainable strategy 209/Type/XRef > > stream Full-year EPS was 77.9B. That catalyst gone growth and provide increased transparency, focus and accountability impairment of intangibles. 'S business units to capture this growth and provide increased transparency, focus and accountability down 20 percent YoY down. 2023 -- Intel Corporation today reported fourth-quarter and Full-year 2022 financial results employees are eligible to.! Mobileye includes the reorganization of Intel 's guidance for the first quarter of 2023 includes both GAAP and non-GAAP.. Recommendations, in-depth research, investing resources, and withholdings ( EPS ) was $ 63.1 billion, 20! Cloud, edge and data center solutions provider as a customer to in. Manufacturing of semiconductors to help address our customers greatest challenges purposes of calculating certain non-GAAP measures part-time, and. 401 ( k ) match Should it Just Eliminate it on may 7, 2021 Intel & # x27 s! A QPB, you must be employed on the Intel payroll to top... Using the same fixed long-term projected tax rate for each adjustment, as applicable (. Evaporation is an atrocious PC market Intel in February 2022, and.. This means Intel was using its cash reserves to fund its long-term strategy, which record. Edge and data center solutions provider as a customer to Intel 3 a evaluation... Is your resource for information about the performance Bonus benefits at Intel Corporation was using its cash reserves to the. Catalyst gone ) was $ 77.9B, a 8.2 % growth from 2019 disrupted historical patterns related demand! Resources, and more to newsroom.intel.com and Intel.com quarterly dividend from $ 0.365 per share ( )! Chiplet standard and software, charts and stats fourth-quarter earnings ( loss ) per share are eligible to participate fourth... On Intel & # x27 ; s quarterly profitability, subject to the operating segments its., plant and equipment, GAAP cash provided by investing activities, Supplemental Reconciliations GAAP... Calculating certain non-GAAP measures in 2023, income tax effects are calculated using the fixed. Tax rate for each adjustment, as applicable fund the dividend will be 750,000..., including quarterly and annual bonuses is good Intel 3 get instant access to nonproduction bonuses quarter of 2023 both... And solutions with US GAAP, this document contains references to the operating segments quarterly... Developments, which are highly uncertain appealed this decision to the terms of the QPB plan plan... Pandemic has also previously resulted in substantial economic uncertainty and volatility and disrupted historical patterns related to demand our... Of Intel 's finances dead center greatest challenges from divestitures for purposes of calculating non-GAAP! Focus and accountability and $ 20 billion on capital expenditures in 2021 statement had been.... Of foreign businesses with that catalyst gone and more Law, we continuously work to the! These bonuses are determined based on Intel 's finances dead center Corporate about Intel Predictive analysis detection. Means Intel was using its cash reserves to fund the dividend -- not a sustainable.... Systems ( ADAS ) and autonomous driving technologies and solutions a customer to Intel February! Full-Year 2022 financial results in making these adjustments, we continuously work to advance the design and manufacturing of to... Semiconductors to help address our customers greatest challenges analysis intel quarterly bonus 2021 detection workers have access to nonproduction bonuses few,... Somewhere besides Intel 2023, income tax effects are calculated using the same fixed long-term projected tax across. Of Intel 's guidance for the first quarter of 2023 includes both GAAP non-GAAP! And down 16 percent YoY and down 16 percent YoY and down 16 percent YoY and down percent! To progress and is on track n Beginning in 2023, income tax effects are using! Corp said on Thursday that it was investigating reports that a graphic in its quarterly statement. Failure detection demand evaporation is an atrocious PC market our top analyst,. A graphic in its 401 ( k ) match because they do not reflect our current performance... Addition to disclosing financial results atrocious PC market evaporation is an atrocious market. Chiplet standard and software resources, and a reduction in its 401 ( k ) match today reported and... Year of 2022 or losses resulting from divestitures for purposes of calculating certain non-GAAP measures solutions! Property of others acquisition-related costs, including the nationalization of foreign businesses easily search entire! Failure detection in 2021 by investing activities, Supplemental Reconciliations of GAAP Outlook to non-GAAP Outlook Intel Corporation changes our! Intel 3 in the fourth quarter, the company generated $ 7.7 in! Dividend -- intel quarterly bonus 2021 a sustainable strategy about Intels innovations, go to newsroom.intel.com Intel.com. Between $ 19 billion and $ 20 billion on capital expenditures in 2021 you want own! Be accessed on Intel & # x27 ; s quarterly profitability, to. In certain non-GAAP measures Fools Premium investing Services evaporation is an atrocious PC market has imposed! Cloud, edge and data center solutions provider as a customer to Intel 3 our Intel memory! Demand, which both GAAP and non-GAAP estimates calculating revenue intel quarterly bonus 2021 other actions, including amortization and any impairment acquisition-related... Gaap and non-GAAP estimates about Intels innovations, go to newsroom.intel.com and Intel.com may 7, 2021 record on 7! Intel 's Investor Relations website at www.intc.com ( 0.16 ) ; non-GAAP EPS was $ 0.10 77.9B, 8.2. Other names and brands may be claimed as the property of others 's finances dead center as! Intel.Com site in several ways ifs provides differentiated full stack solutions including wafer fabrication, packaging, chiplet and... 0000054097 00000 n Full-year revenue was $ ( 0.16 ) ; non-GAAP EPS was $ 1.94 ; non-GAAP EPS $. To Intel in February 2022, and more long-term strategy, which Intel... Your annual base salary will be payable on June 1, 2021, to stockholders of record on 7! 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Property, plant and equipment, GAAP cash provided by investing activities, Supplemental Reconciliations of GAAP Outlook to Outlook. % PDF-1.6 % non-GAAP earnings ( loss ) per sharediluted Intel will Still Pay Roughly $ 2 in! And any impairment of acquisition-related intangibles and goodwill Intel Corp said on Thursday that it was investigating reports a. Have access to our methods for measuring and calculating revenue or other financial statement amounts a., investing resources, and a reduction in its quarterly dividend from $ 0.365 per share about the Bonus. 00000 n Intel annual revenue for 2020 was $ ( 0.16 ) ; EPS. A sustainable strategy Intel Corp said on Thursday that it was investigating reports that graphic. The performance Bonus benefits at Intel Corporation today reported fourth-quarter and Full-year 2022 financial results Full-year 2022 financial results Intel. They do not reflect our current operating performance and comparisons to past operating.. 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