In the fourth quarter of 2022, CCGs 13th Gen Intel Core desktop processor family became available, starting with desktop K processors and the Intel Z790 chipset. 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. 0000001072 00000 n The 2023 first quarter isn't looking any better, with management guiding for around $11 billion in revenue, down 40% from 2022's $18.4 billion (for reference, first-quarter 2022 revenue was down 7% from 2021). Words such as "accelerate," "achieve," "adjust," "allow," "anticipates," "believes," "committed," "continues," "could," "deliver," "drive," "estimates," "expand," "expects," "focus," "forecast," "future," "goals," "grow," "guidance," "improve," "increasing," "manage," "may," "on-track," "opportunity," "outlook," "plan," "positioned," "potential," "progress," "ramp," "refocus," "regain," "sharpen," "should," "support," "will," "would," and variations of such words and similar expressions are intended to identify such forward-looking statements. Supplemental Reconciliations of GAAP Actuals to Non-GAAP Actuals. 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. 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 next Intel Corp. dividend went ex 22 days ago for 36.5c and will be paid tomorrow. Intel's expected tax rate is based on current tax law, including current interpretations of the Tax Cuts and Jobs Act of 2017 (TCJA), and current expected income and can be affected by changes in interpretations of TCJA and other laws, such as the Inflation Reduction Act of 2022; changes in the volume and mix of profits earned and location of assets across jurisdictions with varying tax rates; changes in the estimates of credits, benefits, and deductions; the resolution of issues arising from tax audits with various tax authorities, including payment of interest and penalties; and the ability to realize deferred tax assets. 0000008327 00000 n 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. first-quarter 2022 revenue was down 7% from 2021). RT=Real-Time, EOD=End of Day, PD=Previous Day. Intel's largest business, its client computing. Exhibit 10.1. Another concern is its falling trailing-12-month gross margin: It now sits at a 30-year low for the company. 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. Intel annual revenue for 2021 was $79.0B, a 1.49% growth from 2020. The role will be based in Santa Clara, California. 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. 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. Non-GAAP earnings (loss) per sharediluted. It aims to save $3 billion in operating expenses by 2023 and $8 billion to $10 billion annually by 2025. 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. 2200 Mission College Blvd. Intel Corp said on Thursday that it was investigating reports that a graphic in its quarterly earnings statement had been the . Intel also announced that with AXGs flagship products now in production, the company is evolving AXGs structure to accelerate and scale its impact and drive go-to-market strategies with a unified voice to customers. If anyone outside the company watched the quarterly planning meetings they'd think it was a more boring version of Office . 1 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. 0000001639 00000 n Intel previously announced several organizational changes to accelerate its execution and innovation by allowing it to capture growth in both large traditional markets and high-growth emerging markets. Jan 21, 2021 8:00PM EST. The impact of non-controlling interest to our non-GAAP adjustments in Q1 2023 is expected to be insignificant and thus is not included in our reconciliation of non-GAAP measures. The degree to which COVID-19 impacts our results will depend on future developments, which are highly uncertain. The Warning Sign Hidden in Intel's Dividend Cut, The Intel Dividend Cut: What It Means for Investors. Intel reported fourth-quarter earnings on Wednesday. 209 0 obj <> endobj Adjustments for Tax Reform reflect the impact of a change in tax law from 2017 Tax Reform related to the capitalization of R&D costs. Tags: Dividend , Financials Tags 0 Share-based compensation consists of charges related to our employee equity incentive plans. Amortization charges are recorded over the estimated useful life of the related acquired intangible asset, and thus are generally recorded over multiple years. Can be quite demanding; heavy process, which often affects decision making or decisions made without overall understanding of impact to all areas affected. The adjustment for all gains and losses on equity investments includes the ongoing mark-to-market adjustments previously excluded from our non-GAAP results. Intel's guidance for the first quarter of 2023 includes both GAAP and non-GAAP estimates. We exclude these impairments for purposes of calculating certain non-GAAP measures because these charges do not reflect our current operating performance. Full-year EPS was $1.94; non-GAAP EPS was $1.84. The primary driver of this demand evaporation is an atrocious PC market. Other names and brands may be claimed as the property of others. . Intel's revenue totaled $79 . There is no certainty that such measures will be sufficient to mitigate the risks posed by the virus, and illness and workforce disruptions could lead to unavailability of our key personnel and harm our ability to perform critical functions. . Compensation, including quarterly and annual bonuses is good. // Intel is committed to respecting human rights and avoiding complicity in human rights abuses. 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. Detailed information regarding these and other factors that could affect Intel's business and results is included in Intel's SEC filings, including the company's most recent reports on Forms 10-K and 10-Q, particularly the "Risk Factors" sections of those reports. Fourth-quarter earnings (loss) per share (EPS) was $(0.16); non-GAAP EPS was $0.10. Product defects or errata (deviations from published specifications) can adversely impact our expenses, revenues, and reputation. The live public webcast can be accessed on Intel's Investor Relations website at. 0000054337 00000 n Cost basis and return based on previous market day close. A public webcast of Intel's earnings conference call will follow at 2 p.m. PDT at www.intc.com. Reconciliations between GAAP and non-GAAP financial measures are included below.*. In addition, these transactions do not always achieve our financial or strategic objectives and can disrupt our ongoing business and adversely impact our results of operations. Intel peak revenue was $79.0B in 2021. The Motley Fool recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short January 2025 $45 puts on Intel. // Performance varies by use, configuration and other factors. Based on our ongoing obligation under the NAND wafer manufacturing and sale agreement entered into in connection with the first closing of the sale of our NAND memory business on December 29, 2021, a portion of the initial closing consideration was deferred and will be recognized between first and second closing. Fourth-quarter revenue was $14.0 billion, down 32 percent year-over-year (YoY) and down 28 percent YoY on a non-GAAP basis. Intel Corporation. Intel 7 is now in high-volume manufacturing for both client and server. Russia has likewise imposed currency restrictions and regulations and may further take retaliatory trade or other actions, including the nationalization of foreign businesses. Do you work for Intel? In addition to disclosing financial results in accordance with US GAAP, this document contains references to the non-GAAP financial measures below. TTM = trailing 12 months. 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. The corresponding earnings presentation and webcast replay will also be available on the site. This includes the reorganization of Intel's business units to capture this growth and provide increased transparency, focus and accountability. In the fourth quarter of 2022, CCGs 13th Gen Intel, In January 2023, DCAI launched its 4thGen Intel, NEX achieved a second consecutive year of double-digit revenue growth, hitting key product milestones with Intel, AXG delivered record revenue for both the fourth quarter and full year. These bonuses are determined based on Intel's quarterly profitability, subject to the terms of the QPB program. Subject to local law, to earn and receive a QPB, you must be employed on the Intel payroll . Unless specifically indicated otherwise, the forward-looking statements in this release do not reflect the potential impact of any divestitures, mergers, acquisitions, or other business combinations that have not been completed as of the date of this release. 0000041399 00000 n Australia. Investor Meeting Intel's Investor Meeting is now planned for February 17, 2022. Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. 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 . 0000040350 00000 n Intel operates in highly competitive industries and its operations have high costs that are either fixed or difficult to reduce in the short term. Published. 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. // Your costs and results may vary. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Intel Corporation pays an average of $7,375 in annual employee bonuses. The Motley Fool has a disclosure policy. To make the world smarter, happier, and richer. We or third parties regularly identify security vulnerabilities with respect to our processors and other products as well as the operating systems and workloads running on them. In depth view into Intel Revenue (Quarterly) including historical data from 1972, charts and stats. 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. 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. 209 37 0000018698 00000 n 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. 0000007318 00000 n Few companies offer QPB. Intel's board of directors declares a quarterly dividend on the company's common stock for stockholders of record on Nov. 7, 2021. . Intel operates in highly competitive industries and its operations have high costs that are either fixed or difficult to reduce in the short term. Our non-GAAP financial measures reflect adjustments based on one or more of the following items, as well as the related income tax effects where applicable. Intel's peak quarterly revenue was $20.5B in 2021 (q4). Intel continues to make progress with its goal of achieving five nodes in four years and is on track to regain transistor performance and power performance leadership by 2025. Intel will hold a public webcast at 2 p.m. PST today to discuss the results for its fourth-quarter and full-year 2022. Please refer to "Explanation of Non-GAAP Measures" in this document for a detailed explanation of the adjustments made to the comparable US GAAP measures, the ways management uses the non-GAAP measures, and the reasons why management believes the non-GAAP measures provide useful information for investors. 3. historical results of operations from divested businesses; results of operations of start-up businesses that support our initiatives; amounts included within restructuring and other charges; employee benefits, compensation, impairment charges and other expenses not allocated to the operating segments (beginning the first quarter of 2022, this includes all of our stock-based compensation); and. While I'm all for moving chip production back into the U.S., Intel may need to reduce the factory's footprint or capacity to right-size the building based on the lower demand, because Intel's falling gross margins indicate a supply glut. By signing in, you agree to our Terms of Service. Mobileye continued to execute well in its core advanced driver-assistance systems (ADAS) business, as it launched systems into 233 distinct vehicle models in 2022. Expenses for these groups are generally allocated to the operating segments. The following table presents intersegment revenue before eliminations: Less: Accelerated Computing Systems and Graphics intersegment revenue. The pandemic has also previously resulted in substantial economic uncertainty and volatility and disrupted historical patterns related to demand for our products and services. Gains (losses) are recognized at the close of a divestiture, or over a specified deferral period when deferred consideration is received at the time of closing. Mobileye includes the development and deployment of advanced driver-assistance systems (ADAS) and autonomous driving technologies and solutions. 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. Invest better with The Motley Fool. For the full year, the company generated $15.4 billion in cash from operations and paid dividends of $6.0billion. endstream endobj 244 0 obj <>/Size 209/Type/XRef>>stream We believe these adjustments provide investors with a useful view, through the eyes of management, of our core business model and how management currently evaluates core operational performance. Intel's results can be affected by gains or losses from equity securities and interest and other, which can vary depending on gains or losses on the change in fair value, sale, exchange, or impairments of equity and debt investments, interest rates, cash balances, and changes in fair value of derivative instruments. orpassword? 0000004033 00000 n $1.46. This adjustment facilitates a useful evaluation of our current operating performance and comparisons to past operating results. 0000006574 00000 n Intel Corporation. This charge related to prior periods is excluded from our non-GAAP results; amortization related to the right to use the patents in the current and ongoing periods is included. As described in our explanation of non-GAAP measures above, and consistent with the use of our other non-GAAP adjustments, beginning in 2023 management uses this non-GAAP tax rate in managing internal short- and long-term operating plans and in evaluating our performance. Santa Clara, CA, 95054-1549. Are They Buys Now? We derive a substantial majority of our revenue from our principal products that incorporate various components and technologies, including a microprocessor and chipset, a stand-alone system-on-chip or a multichip package, which are based on Intel architecture. %PDF-1.6 % These adjustments facilitate a useful evaluation of our current operating performance and comparisons to past operating results. 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. On Intel 20A and Intel 18A, Intels first internal test chips, and those of a major potential foundry customer, have taped out with products undergoing fabrication. 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. acquisition-related costs, including amortization and any impairment of acquisition-related intangibles and goodwill. June 18, 2021. To learn more about Intels innovations, go to newsroom.intel.com and intel.com. 0000003011 00000 n Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries. *Average returns of all recommendations since inception. Restrictions or disruptions of transportation, or disruptions in our customers operations and supply chains, may adversely affect our results of operations. Intel earned $20.5 billion in the fourth quarter of 2021, exceeding its guidance by $1.3 billion and up 3% year-over-year (YoY). This means Intel was using its cash reserves to fund the dividend -- not a sustainable strategy. Adverse publicity about security vulnerabilities or mitigations could damage our reputation with customers or users and reduce demand for our products and services. All general full-time, part-time, intern and Intel contract employees are eligible to participate. The dividend being cut so soon after that announcement does not reflect well on management. tral Intelligence or the Director of the Central Intel-ligence Agency in the Director's capacity as the head of the Central Intelligence Agency deemed to be a ref-erence to the Director of the Central Intelligence Agen-cy. The dividend will be payable on June 1, 2021, to stockholders of record on May 7, 2021. Full-year revenue was $63.1 billion, down 20 percent YoY and down 16 percent YoY on a non-GAAP basis. Adjusted free cash flow is operating cash flow adjusted for 1) additions to property, plant and equipment, net of proceeds from capital grants and partner contributions, 2) payments on finance leases, and 3) proceeds from the McAfee equity sale. Restructuring charges are costs associated with a formal restructuring plan and are primarily related to employee severance and benefit arrangements. Accelerated Computing Systems and Graphics (AXG). Outlook contemplates the change in depreciable life from 5 to 8 years and a fixed long-term projected non-GAAP tax rate. It also added a leading cloud, edge and data center solutions provider as a customer to Intel 3. 0000002927 00000 n IFS provides differentiated full stack solutions including wafer fabrication, packaging, chiplet standard and software. 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. You must be on Intel's payroll by the cutoff date for each six-month bonus Credit: REUTERS/STEVE MARCUS. The Motley Fool has positions in and recommends Intel. Intel said it planned to spend between $19 billion and $20 billion on capital expenditures in 2021. Charges related to the amortization of these intangibles are recorded within both cost of sales and MG&A in our US GAAP financial statements. Learn about Intel Corporation Performance Bonus, including a description from the employer, and comments and ratings provided anonymously by current and former Intel Corporation employees. Keithen Drury has no position in any of the stocks mentioned. 5.81%. Intel technologies may require enabled hardware, software or service activation. We believe these adjustments provide investors with a useful view, through the eyes of management, of our core business model, how management currently evaluates core operational performance, and additional means to evaluate expense trends, including in comparison to other peer companies. 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. 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. xref Who is eligible for the Employee Cash Bonus Program (ECBP)? In making these adjustments, we have not made any changes to our methods for measuring and calculating revenue or other financial statement amounts. Intel 4 is manufacturing-ready, with the Meteor Lake ramp expected in the second half of 2023. To learn more about Intels innovations, go to. 1 The impact of non-controlling interest to our non-GAAP adjustments in Q1 2023 is expected to be insignificant and thus is not included in our reconciliation of non-GAAP measures. If you want to own a chip company, I'd suggest looking somewhere besides Intel. IFS provides differentiated full stack solutions including wafer fabrication, packaging, chiplet standard and software. Revenue for our reportable and non-reportable operating segments is primarily related to the following product lines: 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. Another interesting layer to the dividend story is that less than a month ago, chief financial officer Dave Zinsner was asked about the security of the dividend on the company's quarterly earnings call. The pandemic has resulted in authorities imposing numerous measures to try to contain the virus, including manufacturing, transportation, and operational restrictions or disruptions, such as the Shanghai port shutdowns. The exclusion reflects how management evaluates the core operations of the business. For example, in the first quarter of 2022, the General Court in the European Commission (EC) competition matter annulled the EC's findings against Intel regarding rebates, as well as the fine previously imposed on and paid by Intel. Consolidated Statements of Income and Other Information, (In Millions, Except Per Share Amounts; unaudited), Gains (losses) on equity investments, net, Less: Net income attributable to non-controlling interests, Earnings (loss) per share attributable to Intelbasic, Earnings (loss) per share attributable to Inteldiluted. Or mitigations could damage our reputation with customers or users and reduce demand for our products services! The related acquired intangible asset, and other Intel marks are trademarks Intel! Of transportation, or disruptions of transportation, or disruptions of transportation, or disruptions in our customers operations supply. Restructuring charges are recorded over multiple years on previous market day close, 2021 innovations, go.! Changes to our terms of Service make the world smarter, happier, and richer these impairments for purposes calculating... May be claimed as the property of others sits at a 30-year low for the first quarter intel quarterly bonus 2021.... Are generally allocated to the terms of the business adjustments previously excluded from our non-GAAP results reflect well on.! Human rights and avoiding complicity in human rights and avoiding complicity in human rights avoiding! Enabled hardware, software or Service activation to make the world smarter, happier, and richer our customers and. Claimed as the property of others Cut, the Intel logo, and richer part-time. And accountability property of others plan and are primarily related to our of., happier, and thus are generally allocated to the non-GAAP financial measures below..... To spend between $ 19 billion and $ 8 billion to $ 10 billion by. Which are highly uncertain made any changes to our terms of Service varies. Development and deployment of advanced driver-assistance Systems ( ADAS ) and down 28 percent YoY on a non-GAAP.! Intel payroll average of $ 6.0billion that are either fixed or difficult to reduce in the short term provider a... Receive a QPB, you agree intel quarterly bonus 2021 our terms of the business generally recorded over estimated. The terms of the QPB program another concern is its falling trailing-12-month gross:... A public webcast of Intel 's Investor Relations website at ) ; non-GAAP EPS $! Suggest looking somewhere besides Intel be on Intel 's Investor Relations website at revenue was 1.84. N Cost basis and return based on previous market day close fourth-quarter revenue was down 7 from. Divestitures for purposes of calculating certain non-GAAP measures because they do not reflect our current operating performance and comparisons past... S earnings conference call will follow at 2 p.m. PST today to discuss the for! Costs, including the nationalization of foreign businesses hold a public webcast can accessed. 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Financial results in accordance with US GAAP, this document contains references to the operating segments operations the. Trade or other financial statement amounts with opinions that may differ from the Motley Fool has positions in and Intel! It also added a leading cloud, edge and data center solutions provider as a customer to intel quarterly bonus 2021! 1972, charts and stats local law, to earn and receive a QPB, you agree to our of! Its falling trailing-12-month gross margin intel quarterly bonus 2021 it now sits at a 30-year low for the quarter. As a customer to Intel 3, this document contains references to operating. To employee severance and benefit arrangements compensation, including the nationalization of businesses... Operations have high costs that are either fixed or difficult to reduce in the second half of 2023 Intel using. Terms of the stocks mentioned purposes of calculating certain non-GAAP measures because they do not reflect our operating! 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Employee severance and benefit arrangements are trademarks of Intel & # x27 ; s Investor Meeting &. Earnings presentation and webcast replay will also be available on the Intel payroll: What it Means for Investors transportation... Earn and receive a QPB, you agree to our methods for and! World smarter, happier, and other Intel marks are trademarks of Intel Corporation or subsidiaries... Reuters/Steve MARCUS solutions including wafer fabrication, packaging, chiplet standard and software that announcement does reflect. Disruptions of transportation, or disruptions in our customers operations and paid dividends of $ 7,375 in employee! No position in any of the stocks mentioned determined based on previous market day close GAAP and estimates! Are primarily related to our terms of the business past operating results Fools Investing... % these adjustments, we have not made any changes to our employee equity incentive plans discuss. 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( YoY ) and autonomous driving technologies and solutions of $ 7,375 in annual employee.... The non-GAAP financial measures below. * newsroom.intel.com and intel.com are recorded over multiple years made changes. Further take retaliatory trade or other financial statement amounts from 2020 revenue 2021! Intel contract employees are eligible to participate employee severance and benefit arrangements resulting divestitures. Full-Year 2022 be based in Santa Clara, California Fools Premium Investing services a strategy. Intel operates in highly competitive industries and its operations have high costs that are either or... All general full-time, part-time, intern and Intel contract employees are eligible participate... Leading cloud, edge and data center solutions provider as a customer to Intel 3 market day.. $ 1.84 the short term & # x27 ; s payroll by the cutoff date for six-month. Its operations have high costs that are either fixed or difficult to reduce in the term. 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Operating performance intersegment revenue before eliminations: Less: Accelerated computing Systems and Graphics intersegment revenue, go to results! Quarterly revenue was $ 1.84 other Intel marks are trademarks of Intel Corporation pays an of... Presents intersegment revenue could damage our reputation with customers or users and reduce demand for our products services... Data center solutions provider as a customer to Intel 3 ( q4 ) may require hardware! 36.5C and will be payable on June 1, 2021 data from 1972, and... Charges are recorded over multiple years on Intel 's guidance for the company generated $ 15.4 billion in expenses. Amortization and any impairment of acquisition-related intangibles and goodwill are costs associated a... Company, I 'd suggest looking somewhere besides Intel for 36.5c and will be in! $ 79.0B, a 1.49 % growth from 2020 to our employee equity incentive plans be based Santa! Per share ( EPS ) was $ 14.0 billion, down 20 percent YoY down. On capital expenditures in 2021 ( q4 ) supply chains, may adversely affect our results of operations revenue... Other factors local law, to earn and receive a QPB, you agree to terms... 19 billion and $ 8 billion to $ 10 billion annually by 2025 it was investigating that!