{"id":59206,"date":"2020-10-22T22:57:58","date_gmt":"2020-10-22T20:57:58","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=59206"},"modified":"2020-10-22T22:57:58","modified_gmt":"2020-10-22T20:57:58","slug":"intel-reports-third-quarter-2020-financial-results","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/59206-intel-reports-third-quarter-2020-financial-results\/","title":{"rendered":"Intel Reports Third-Quarter 2020 Financial Results"},"content":{"rendered":"<p><b><strong>News Sum\u00adma\u00adry:<\/strong><\/b><\/p>\n<ul>\n<li>Third-quar\u00adter reve\u00adnue of $18.3 bil\u00adli\u00adon was abo\u00adve July expec\u00adta\u00adti\u00adons, down 4 per\u00adcent year-over-year (YoY). Data-cen\u00adtric reve\u00adnue* decli\u00adned 10 per\u00adcent while PC-cen\u00adtric reve\u00adnue was bet\u00adter than expec\u00adted, up 1 per\u00adcent&nbsp;YoY.<\/li>\n<li>Third-quar\u00adter <span class=\"caps\">GAAP<\/span> ear\u00adnings-per-share (<span class=\"caps\">EPS<\/span>) was $1.02, down 25 per\u00adcent YoY; non-GAAP <span class=\"caps\">EPS<\/span> of $1.11 was down 22 per\u00adcent YoY, abo\u00adve July expectations.<\/li>\n<li>Year-to-date, gene\u00adra\u00adted $25.5 bil\u00adli\u00adon cash from ope\u00adra\u00adti\u00adons and $15.1 bil\u00adli\u00adon of free cash flow and paid divi\u00addends of $4.2 billion.<\/li>\n<li>Announ\u00adced agree\u00adment to sell Intel <span class=\"caps\">NAND<\/span> memo\u00adry and sto\u00adrage busi\u00adness to <span class=\"caps\">SK<\/span> hynix for $9.0 billion.1<\/li>\n<li>Rai\u00adsing full-year reve\u00adnue and ear\u00adnings expec\u00adta\u00adti\u00adons from July gui\u00addance. Expec\u00adting 5 per\u00adcent top-line growth YoY in 2020 with full-year reve\u00adnue of $75.3 bil\u00adli\u00adon; <span class=\"caps\">GAAP<\/span> <span class=\"caps\">EPS<\/span> of $4.55 and non-GAAP <span class=\"caps\">EPS<\/span> of $4.90.<\/li>\n<\/ul>\n<p><span class=\"caps\">SANTA<\/span> <span class=\"caps\">CLARA<\/span>, Calif., Octo\u00adber&nbsp;22, 2020 \u2014 Intel Cor\u00adpo\u00adra\u00adti\u00adon today repor\u00adted third-quar\u00adter 2020 finan\u00adcial results.<\/p>\n<p><span class=\"dquo\">\u201c<\/span>Our teams deli\u00adver\u00aded solid third-quar\u00adter results that excee\u00added our expec\u00adta\u00adti\u00adons despi\u00adte pan\u00adde\u00admic-rela\u00adted impacts in signi\u00adfi\u00adcant por\u00adti\u00adons of the busi\u00adness,\u201d said Bob Swan, Intel <span class=\"caps\">CEO<\/span>. \u201cNine months into 2020, we\u2019re fore\u00adcas\u00adting growth and ano\u00adther record year, even as we mana\u00adge through mas\u00adsi\u00adve demand shifts and eco\u00adno\u00admic uncer\u00adtain\u00adty. We remain con\u00adfi\u00addent in our stra\u00adtegy and the long-term value we\u2019ll crea\u00adte as we deli\u00adver lea\u00adder\u00adship pro\u00adducts and aim to win share in a diver\u00adsi\u00adfied mar\u00adket fue\u00adled by data and the rise of <span class=\"caps\">AI<\/span>, <span class=\"caps\">5G<\/span> net\u00adworks and edge computing.\u201d<\/p>\n<p><b><strong><u><span class=\"caps\">Q3<\/span> 2020 Finan\u00adcial Highlights<\/u><\/strong><\/b><\/p>\n<table>\n<tbody>\n<tr>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong><span class=\"caps\">GAAP<\/span><\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong>Non-GAAP<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td><b><strong><span class=\"caps\">Q3<\/span> 2020<\/strong><\/b><\/td>\n<td><b><strong><span class=\"caps\">Q3<\/span> 2019<\/strong><\/b><\/td>\n<td><b><strong>vs. <span class=\"caps\">Q3<\/span>&nbsp;2019<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b><strong><span class=\"caps\">Q3<\/span> 2020<\/strong><\/b><\/td>\n<td><b><strong><span class=\"caps\">Q3<\/span> 2019<\/strong><\/b><\/td>\n<td><b><strong>vs. <span class=\"caps\">Q3<\/span>&nbsp;2019<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>Reve\u00adnue ($B)<\/td>\n<td>$18.3<\/td>\n<td>$19.2<\/td>\n<td>down 4%<\/td>\n<td>&nbsp;<\/td>\n<td>$18.3^<\/td>\n<td>$19.2^<\/td>\n<td>down 4%<\/td>\n<\/tr>\n<tr>\n<td>Gross Mar\u00adgin<\/td>\n<td>53.1%<\/td>\n<td>58.9%<\/td>\n<td>down 5.7&nbsp;ppt<\/td>\n<td>&nbsp;<\/td>\n<td>54.8%<\/td>\n<td>60.4%<\/td>\n<td>down 5.5&nbsp;ppt<\/td>\n<\/tr>\n<tr>\n<td>R<span class=\"amp\">&amp;<\/span>D and <span class=\"caps\">MG<\/span><span class=\"amp\">&amp;<\/span>A ($B)<\/td>\n<td>$4.7<\/td>\n<td>$4.7<\/td>\n<td>down 1%<\/td>\n<td>&nbsp;<\/td>\n<td>$4.7<\/td>\n<td>$4.7<\/td>\n<td>down 1%<\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting Inco\u00adme ($B)<\/td>\n<td>$5.1<\/td>\n<td>$6.4<\/td>\n<td>down 22%<\/td>\n<td>&nbsp;<\/td>\n<td>$5.4<\/td>\n<td>$6.9<\/td>\n<td>down 22%<\/td>\n<\/tr>\n<tr>\n<td>Tax Rate<\/td>\n<td>15.2%<\/td>\n<td>10.8%<\/td>\n<td>up 4.3&nbsp;ppt<\/td>\n<td>&nbsp;<\/td>\n<td>15.3%<\/td>\n<td>10.8%<\/td>\n<td>up 4.5&nbsp;ppt<\/td>\n<\/tr>\n<tr>\n<td>Net Inco\u00adme ($B)<\/td>\n<td>$4.3<\/td>\n<td>$6.0<\/td>\n<td>down 29%<\/td>\n<td>&nbsp;<\/td>\n<td>$4.7<\/td>\n<td>$6.3<\/td>\n<td>down 26%<\/td>\n<\/tr>\n<tr>\n<td>Ear\u00adnings Per&nbsp;Share<\/td>\n<td>$1.02<\/td>\n<td>$1.35<\/td>\n<td>down 25%<\/td>\n<td>&nbsp;<\/td>\n<td>$1.11<\/td>\n<td>$1.42<\/td>\n<td>down 22%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>In the third quar\u00adter, the com\u00adpa\u00adny gene\u00adra\u00adted $8.2 bil\u00adli\u00adon in cash from ope\u00adra\u00adti\u00adons and paid divi\u00addends of $1.4 bil\u00adli\u00adon. In August, Intel initia\u00adted acce\u00adle\u00adra\u00adted share repurcha\u00adse (<span class=\"caps\">ASR<\/span>) agree\u00adments for an aggre\u00adga\u00adte of $10.0 bil\u00adli\u00adon of our com\u00admon stock. Fol\u00adlo\u00adwing sett\u00adle\u00adment of the\u00adse agree\u00adments, Intel will have repurcha\u00adsed a total of appro\u00adxi\u00adm\u00adate\u00adly $17.6 bil\u00adli\u00adon in shares as part of the plan\u00adned $20.0 bil\u00adli\u00adon share repurcha\u00adses announ\u00adced in Octo\u00adber 2019. Intel intends to com\u00adple\u00adte the $2.4 bil\u00adli\u00adon balan\u00adce and return to his\u00adto\u00adri\u00adcal capi\u00adtal return prac\u00adti\u00adces when mar\u00adkets stabilize.<\/p>\n<p><b><strong><u>Busi\u00adness Unit Summary<\/u><\/strong><\/b><\/p>\n<table>\n<tbody>\n<tr>\n<td>&nbsp;<\/td>\n<td colspan=\"4\"><b><strong>Key Busi\u00adness Unit Reve\u00adnue and Trends<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong><span class=\"caps\">Q3<\/span> 2020<\/strong><\/b><\/td>\n<td colspan=\"2\"><b><strong>vs. <span class=\"caps\">Q3<\/span>&nbsp;2019<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td rowspan=\"7\">Data-cen\u00adtric<\/td>\n<td><span class=\"caps\">DCG<\/span><\/td>\n<td>$5.9 bil\u00adli\u00adon<\/td>\n<td>down<\/td>\n<td>7%<\/td>\n<\/tr>\n<tr>\n<td>Inter\u00adnet of Things<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">IOTG<\/span><\/td>\n<td>$677 mil\u00adli\u00adon<\/td>\n<td>down<\/td>\n<td>33%<\/td>\n<\/tr>\n<tr>\n<td>Mobi\u00adleye<\/td>\n<td>$234 mil\u00adli\u00adon<\/td>\n<td>up<\/td>\n<td>2%<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">NSG<\/span><\/td>\n<td>$1.2 bil\u00adli\u00adon<\/td>\n<td>down<\/td>\n<td>11%<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">PSG<\/span><\/td>\n<td>$411 mil\u00adli\u00adon<\/td>\n<td>down<\/td>\n<td>19%<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>down<\/td>\n<td>10%<\/td>\n<\/tr>\n<tr>\n<td>PC-cen\u00adtric<\/td>\n<td><span class=\"caps\">CCG<\/span><\/td>\n<td>$9.8 bil\u00adli\u00adon<\/td>\n<td>up<\/td>\n<td>1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Third-quar\u00adter reve\u00adnue was ahead of pri\u00ador expec\u00adta\u00adti\u00adons dri\u00adven by con\u00adtin\u00adued strength in note\u00adbook sales, which hel\u00adped off\u00adset COVID-dri\u00adven head\u00adwinds affec\u00adting signi\u00adfi\u00adcant por\u00adti\u00adons of our business.<\/p>\n<p>In the Data Cen\u00adter Group (<span class=\"caps\">DCG<\/span>), Cloud reve\u00adnue grew 15 per\u00adcent YoY on con\u00adtin\u00adued demand to sup\u00adport vital ser\u00advices in a work and learn-at-home envi\u00adron\u00adment. At the same time, a wea\u00adk\u00ader eco\u00adno\u00admy due to <span class=\"caps\">COVID-19<\/span> impac\u00adted <span class=\"caps\">DCG<\/span>\u2019s Enter\u00adpri\u00adse <span class=\"amp\">&amp;<\/span> Govern\u00adment mar\u00adket seg\u00adment, which was down 47 per\u00adcent YoY fol\u00adlo\u00adwing two quar\u00adters of more than 30 per\u00adcent growth. The pan\u00adde\u00admic also weig\u00adhed on third-quar\u00adter data-cen\u00adtric results in the Inter\u00adnet of Things Group and the memo\u00adry busi\u00adness (<span class=\"caps\">NSG<\/span>). In the third quar\u00adter, Intel con\u00adtin\u00adued to intro\u00addu\u00adce com\u00adpel\u00adling new pro\u00adducts addres\u00adsing key growth oppor\u00adtu\u00adni\u00adties inclu\u00adding arti\u00adfi\u00adci\u00adal intel\u00adli\u00adgence, <span class=\"caps\">5G<\/span> net\u00adwork trans\u00adfor\u00adma\u00adti\u00adon and the intel\u00adli\u00adgent, auto\u00adno\u00admous edge. Mobi\u00adleye reve\u00adnue retur\u00adned to growth in the third quar\u00adter as glo\u00adbal vehic\u00adle pro\u00adduc\u00adtion impro\u00adved. The busi\u00adness also laun\u00adched its new Mobi\u00adleye Super\u00adVi\u00adsi\u00adon\u2122 sur\u00adround-view <span class=\"caps\">ADAS<\/span> solution.<\/p>\n<p>The PC-cen\u00adtric busi\u00adness (<span class=\"caps\">CCG<\/span>) was up 1 per\u00adcent YoY in the third quar\u00adter on con\u00adtin\u00adued note\u00adbook strength to sup\u00adport the work- and learn-at-home dyna\u00admics of <span class=\"caps\">COVID-19<\/span>. In the third quar\u00adter, Intel laun\u00adched the world\u2019s best pro\u00adces\u00adsor for thin and light lap\u00adtops, 11th Gen Intel\u00ae Core\u2122 pro\u00adces\u00adsors with Intel\u00ae Iris\u00ae Xe gra\u00adphics (form\u00ader\u00adly known as \u201cTiger Lake\u201d).** More than 150 designs from major <span class=\"caps\">PC<\/span> makers are in deve\u00adlo\u00adp\u00adment, inclu\u00adding 100 designs expec\u00adted to be in mar\u00adket by the end of this year with more than 40 veri\u00adfied under the new Intel\u00ae Evo\u2122 plat\u00adform brand. The\u00adse new 11th Gen Intel Core pro\u00adces\u00adsors are manu\u00adfac\u00adtu\u00adred using Intel\u2019s 10nm Super\u00adFin pro\u00adcess tech\u00adno\u00adlo\u00adgy, which deli\u00advers per\u00adfor\u00admance impro\u00adve\u00adment com\u00adpa\u00adra\u00adble to a full-node tran\u00adsi\u00adti\u00adon. The com\u00adpa\u00adny detail\u00aded 10nm Super\u00adFin and other tech\u00adno\u00adlo\u00adgy advance\u00adments at its Intel Archi\u00adtec\u00adtu\u00adre Day, held in the third quarter.<\/p>\n<p>Intel\u2019s third 10nm manu\u00adfac\u00adtu\u00adring faci\u00adli\u00adty, which is loca\u00adted in Ari\u00adzo\u00adna, is now ful\u00adly ope\u00adra\u00adtio\u00adnal and the com\u00adpa\u00adny now expects to ship 30% hig\u00adher 10nm pro\u00adduct volu\u00admes in 2020 com\u00adpared to Janu\u00adary expectations.<\/p>\n<p>Addi\u00adtio\u00adnal infor\u00adma\u00adti\u00adon regar\u00adding Intel\u2019s results can be found in the Q3\u201920 Ear\u00adnings Pre\u00adsen\u00adta\u00adti\u00adon available at: www.intc.com\/results.cfm.<\/p>\n<p><b><strong><u>Busi\u00adness Outlook<\/u><\/strong><\/b><\/p>\n<p>Intel\u2019s gui\u00addance for the fourth quar\u00adter and full-year 2020 includes both <span class=\"caps\">GAAP<\/span> and non-GAAP esti\u00adma\u00adtes. Recon\u00adci\u00adlia\u00adti\u00adons bet\u00adween the\u00adse <span class=\"caps\">GAAP<\/span> and non-GAAP finan\u00adcial mea\u00adsu\u00adres are included below.<\/p>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td><b><strong><span class=\"caps\">Q4<\/span> 2020<\/strong><\/b><\/td>\n<td><b><strong><span class=\"caps\">GAAP<\/span><\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>Non-GAAP<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>Appro\u00adxi\u00adm\u00adate\u00adly<\/td>\n<td>&nbsp;<\/td>\n<td>Appro\u00adxi\u00adm\u00adate\u00adly<\/td>\n<\/tr>\n<tr>\n<td>Reve\u00adnue<\/td>\n<td>$17.4 bil\u00adli\u00adon<\/td>\n<td>&nbsp;<\/td>\n<td>$17.4 bil\u00adli\u00adon^<\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting margin<\/td>\n<td>24.5%<\/td>\n<td>&nbsp;<\/td>\n<td>26.5%<\/td>\n<\/tr>\n<tr>\n<td>Tax rate<\/td>\n<td>14.5%<\/td>\n<td>&nbsp;<\/td>\n<td>14.5%^<\/td>\n<\/tr>\n<tr>\n<td>Ear\u00adnings per&nbsp;share<\/td>\n<td>$1.02<\/td>\n<td>&nbsp;<\/td>\n<td>$1.10<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td><b><strong>Full-Year 2020<\/strong><\/b><\/td>\n<td><b><strong><span class=\"caps\">GAAP<\/span><\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>Non-GAAP<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>Appro\u00adxi\u00adm\u00adate\u00adly<\/td>\n<td>&nbsp;<\/td>\n<td>Appro\u00adxi\u00adm\u00adate\u00adly<\/td>\n<\/tr>\n<tr>\n<td>Reve\u00adnue<\/td>\n<td>$75.3 bil\u00adli\u00adon<\/td>\n<td>&nbsp;<\/td>\n<td>$75.3 bil\u00adli\u00adon^<\/td>\n<\/tr>\n<tr>\n<td>Ope\u00adra\u00adting margin<\/td>\n<td>29.5%<\/td>\n<td>&nbsp;<\/td>\n<td>31.5%<\/td>\n<\/tr>\n<tr>\n<td>Tax rate<\/td>\n<td>14.5%<\/td>\n<td>&nbsp;<\/td>\n<td>14.5%^<\/td>\n<\/tr>\n<tr>\n<td>Ear\u00adnings per&nbsp;share<\/td>\n<td>$4.55<\/td>\n<td>&nbsp;<\/td>\n<td>$4.90<\/td>\n<\/tr>\n<tr>\n<td>Cash from Operations<\/td>\n<td>$32.2\u201333.0 bil\u00adli\u00adon<\/td>\n<td>&nbsp;<\/td>\n<td>N\/A<\/td>\n<\/tr>\n<tr>\n<td>Full-year capi\u00adtal spending<\/td>\n<td>$14.2\u201314.5 bil\u00adli\u00adon<\/td>\n<td>&nbsp;<\/td>\n<td>$14.2\u201314.5 bil\u00adli\u00adon^<\/td>\n<\/tr>\n<tr>\n<td>Free cash&nbsp;flow<\/td>\n<td>N\/A<\/td>\n<td>&nbsp;<\/td>\n<td>$18.0\u201318.5 bil\u00adli\u00adon<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>Actu\u00adal results may dif\u00adfer mate\u00adri\u00adal\u00adly from Intel\u2019s Busi\u00adness Out\u00adlook as a result of, among other things, the fac\u00adtors descri\u00adbed under \u201cFor\u00adward-Loo\u00adking State\u00adments\u201d below.<\/p>\n<p><b><strong><u>Ear\u00adnings Webcast<\/u><\/strong><\/b><\/p>\n<p>Intel will hold a public web\u00adcast at 2:00 p.m. <span class=\"caps\">PDT<\/span> today to dis\u00adcuss the results for its third quar\u00adter of 2020. The live public web\u00adcast can be acces\u00adsed on Intel\u2019s Inves\u00adtor Rela\u00adti\u00adons web\u00adsite at www.intc.com\/results.cfm. The Q3\u201920 Ear\u00adnings Pre\u00adsen\u00adta\u00adti\u00adon, web\u00adcast replay, and audio down\u00adload will also be available on the&nbsp;site.&nbsp;<\/p>\n<p>Intel plans to report its ear\u00adnings for the fourth quar\u00adter of 2020 on Janu\u00adary&nbsp;21, 2021 prompt\u00adly after clo\u00adse of mar\u00adket, and rela\u00adted mate\u00adri\u00adals will be available at www.intc.com\/results.cfm. A public web\u00adcast of Intel\u2019s ear\u00adnings con\u00adfe\u00adrence call will fol\u00adlow at 2:00 p.m. <span class=\"caps\">PDT<\/span> at www.intc.com.&nbsp;<\/p>\n<p><b><strong><u>For\u00adward-Loo\u00adking Statements<\/u><\/strong><\/b><\/p>\n<p>Intel\u2019s Busi\u00adness Out\u00adlook and other state\u00adments in this release that refer to future plans and expec\u00adta\u00adti\u00adons are for\u00adward-loo\u00adking state\u00adments that invol\u00adve a num\u00adber of risks and uncer\u00adtain\u00adties. Words such as \u201canti\u00adci\u00adpa\u00adtes,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cgoals,\u201d \u201cplans,\u201d \u201cfore\u00adcas\u00adting,\u201d \u201cgui\u00addance,\u201d \u201cbelie\u00adves,\u201d \u201cseeks,\u201d \u201cesti\u00adma\u00adtes,\u201d \u201ccon\u00adti\u00adnues,\u201d \u201claun\u00adching,\u201d \u201caim,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201ccould,\u201d and varia\u00adti\u00adons of such words and simi\u00adlar expres\u00adsi\u00adons are inten\u00added to iden\u00adti\u00adfy such for\u00adward-loo\u00adking state\u00adments. State\u00adments that refer to or are based on esti\u00adma\u00adtes, fore\u00adcasts, pro\u00adjec\u00adtions, uncer\u00adtain events or assump\u00adti\u00adons, inclu\u00adding state\u00adments rela\u00adting to the pen\u00adding sale of our <span class=\"caps\">NAND<\/span> memo\u00adry and sto\u00adrage busi\u00adness to <span class=\"caps\">SK<\/span> hynix, total addressa\u00adble mar\u00adket (<span class=\"caps\">TAM<\/span>) or mar\u00adket oppor\u00adtu\u00adni\u00adty, busi\u00adness plans, future impacts of the <span class=\"caps\">COVID-19<\/span> pan\u00adde\u00admic, future macroe\u00adco\u00adno\u00admic con\u00addi\u00adti\u00adons, the sett\u00adle\u00adment of our <span class=\"caps\">ASR<\/span> agree\u00adments, expec\u00adta\u00adti\u00adons regar\u00adding capi\u00adtal return prac\u00adti\u00adces and share repurcha\u00adses, future pro\u00adducts and tech\u00adno\u00adlo\u00adgy and the expec\u00adted avai\u00adla\u00adbi\u00adli\u00adty and bene\u00adfits of such pro\u00adducts and tech\u00adno\u00adlo\u00adgy, inclu\u00adding with respect to our 10nm pro\u00adcess tech\u00adno\u00adlo\u00adgy, pro\u00adducts, and pro\u00adduct volu\u00admes, and anti\u00adci\u00adpa\u00adted trends in our busi\u00adnesses or the mar\u00adkets rele\u00advant to them, also iden\u00adti\u00adfy for\u00adward-loo\u00adking state\u00adments. All for\u00adward-loo\u00adking state\u00adments included in this release are based on management\u2019s expec\u00adta\u00adti\u00adons as of the date of this release and, except as requi\u00adred by law, Intel dis\u00adclaims any obli\u00adga\u00adti\u00adon to update the\u00adse for\u00adward-loo\u00adking state\u00adments to reflect future events or cir\u00adcum\u00ads\u00adtances. For\u00adward-loo\u00adking state\u00adments invol\u00adve many risks and uncer\u00adtain\u00adties that could cau\u00adse actu\u00adal results to dif\u00adfer mate\u00adri\u00adal\u00adly from tho\u00adse expres\u00adsed or impli\u00aded in such state\u00adments. Intel pre\u00adsent\u00adly con\u00adsiders the fol\u00adlo\u00adwing to be among the important fac\u00adtors that can cau\u00adse actu\u00adal results to dif\u00adfer mate\u00adri\u00adal\u00adly from the company\u2019s expectations.<\/p>\n<ul>\n<li>The <span class=\"caps\">COVID-19<\/span>&nbsp;pan\u00adde\u00admic has adver\u00adse\u00adly affec\u00adted signi\u00adfi\u00adcant por\u00adti\u00adons of Intel\u2019s busi\u00adness and could mate\u00adri\u00adal\u00adly adver\u00adse\u00adly affect Intel\u2019s finan\u00adcial con\u00addi\u00adti\u00adon and results of ope\u00adra\u00adti\u00adons. The pan\u00adde\u00admic has resul\u00adted in aut\u00adho\u00adri\u00adties impo\u00adsing num\u00ade\u00adrous unpre\u00adce\u00adden\u00adted mea\u00adsu\u00adres to try to con\u00adtain the virus. The\u00adse mea\u00adsu\u00adres have impac\u00adted and may fur\u00adther impact our work\u00adforce and ope\u00adra\u00adti\u00adons, the ope\u00adra\u00adti\u00adons of our cus\u00adto\u00admers, and tho\u00adse of our respec\u00adti\u00adve ven\u00addors, sup\u00adpli\u00aders, and part\u00adners. The\u00adre is con\u00adsidera\u00adble uncer\u00adtain\u00adty regar\u00adding the busi\u00adness impacts from such mea\u00adsu\u00adres and poten\u00adti\u00adal future mea\u00adsu\u00adres. Rest\u00adric\u00adtions on our access to or ope\u00adra\u00adti\u00adon of our manu\u00adfac\u00adtu\u00adring faci\u00adli\u00adties or on our sup\u00adport ope\u00adra\u00adti\u00adons or work\u00adforce, or simi\u00adlar limi\u00adta\u00adti\u00adons for our ven\u00addors and sup\u00adpli\u00aders, can impact our abili\u00adty to meet cus\u00adto\u00admer demand and could have a mate\u00adri\u00adal adver\u00adse effect on us. Simi\u00adlar\u00adly, cur\u00adrent and future rest\u00adric\u00adtions or dis\u00adrup\u00adti\u00adons of trans\u00adpor\u00adta\u00adti\u00adon, or dis\u00adrup\u00adti\u00adons in our cus\u00adto\u00admers\u2019 ope\u00adra\u00adti\u00adons and sup\u00adp\u00adly chains, may adver\u00adse\u00adly affect our results of ope\u00adra\u00adti\u00adons. The pan\u00adde\u00admic has signi\u00adfi\u00adcant\u00adly increased eco\u00adno\u00admic and demand uncer\u00adtain\u00adty, and could cau\u00adse a glo\u00adbal reces\u00adsi\u00adon. Demand for our pro\u00adducts has been har\u00admed in signi\u00adfi\u00adcant por\u00adti\u00adons of our busi\u00adness and could be mate\u00adri\u00adal\u00adly har\u00admed in the future. Given the signi\u00adfi\u00adcant eco\u00adno\u00admic uncer\u00adtain\u00adty and vola\u00adti\u00adli\u00adty crea\u00adted by the pan\u00adde\u00admic, it is dif\u00adfi\u00adcult to pre\u00addict the natu\u00adre and ext\u00adent of impacts on demand. The pan\u00adde\u00admic has led to increased dis\u00adrup\u00adti\u00adon and vola\u00adti\u00adli\u00adty in capi\u00adtal mar\u00adkets and cre\u00addit mar\u00adkets, which could adver\u00adse\u00adly affect our liqui\u00addi\u00adty and capi\u00adtal resour\u00adces. An eco\u00adno\u00admic slow\u00addown or reces\u00adsi\u00adon can also result in adver\u00adse impacts such as increased cre\u00addit and coll\u00adec\u00adti\u00adbi\u00adli\u00adty risks, adver\u00adse impacts on our sup\u00adpli\u00aders, fail\u00adures of coun\u00adter\u00adpar\u00adties, asset impairm\u00adents, and decli\u00adnes in the value of our finan\u00adcial instru\u00adments. The spread of&nbsp;<span class=\"caps\">COVID-19<\/span>&nbsp;has cau\u00adsed us to modi\u00adfy our busi\u00adness prac\u00adti\u00adces. The\u00adre is no cer\u00adtain\u00adty that such mea\u00adsu\u00adres will be suf\u00adfi\u00adci\u00adent to miti\u00adga\u00adte the risks posed by the virus, and ill\u00adness and work\u00adforce dis\u00adrup\u00adti\u00adons could lead to unavai\u00adla\u00adbi\u00adli\u00adty of our key per\u00adson\u00adnel and harm our abili\u00adty to per\u00adform cri\u00adti\u00adcal func\u00adtions. The degree to which&nbsp;<span class=\"caps\">COVID-19<\/span>&nbsp;impacts our results will depend on future deve\u00adlo\u00adp\u00adments, which are high\u00adly uncer\u00adtain and can\u00adnot be pre\u00addic\u00adted, and our Busi\u00adness Out\u00adlook is sub\u00adject to con\u00adsidera\u00adble uncer\u00adtain\u00adty. Our expec\u00adta\u00adti\u00adons are sub\u00adject to chan\u00adge wit\u00adhout war\u00adning and inves\u00adtors are cau\u00adtio\u00adned not to place undue reli\u00adance on our Busi\u00adness Out\u00adlook. The impact of <span class=\"caps\">COVID-19<\/span> can also exa\u00adcer\u00adba\u00adte other risks dis\u00adcus\u00adsed in this sec\u00adtion. See Intel\u2019s <span class=\"caps\">SEC<\/span> filings, inclu\u00adding its most recent reports on Form 10\u2011Q, for a detail\u00aded descrip\u00adti\u00adon of the risks rela\u00adted to the pan\u00adde\u00admic. Deve\u00adlo\u00adp\u00adments rela\u00adted to <span class=\"caps\">COVID-19<\/span> have been rapidly chan\u00adging, and addi\u00adtio\u00adnal impacts and risks may ari\u00adse that we are not awa\u00adre of or able to appro\u00adpria\u00adte\u00adly respond to currently.<\/li>\n<li>Demand for Intel\u2019s pro\u00adducts is high\u00adly varia\u00adble and can dif\u00adfer from expec\u00adta\u00adti\u00adons due to fac\u00adtors inclu\u00adding chan\u00adges in busi\u00adness and eco\u00adno\u00admic con\u00addi\u00adti\u00adons; cus\u00adto\u00admer con\u00adfi\u00addence or inco\u00adme levels, and the levels of cus\u00adto\u00admer capi\u00adtal spen\u00adding; the intro\u00adduc\u00adtion, avai\u00adla\u00adbi\u00adli\u00adty and mar\u00adket accep\u00adtance of Intel\u2019s pro\u00adducts, pro\u00adducts used tog\u00ade\u00adther with Intel pro\u00adducts, and com\u00adpe\u00adti\u00adtors\u2019 pro\u00adducts; com\u00adpe\u00adti\u00adti\u00adve and pri\u00adcing pres\u00adsu\u00adres, inclu\u00adding actions taken by com\u00adpe\u00adti\u00adtors; sup\u00adp\u00adly cons\u00adtraints and other dis\u00adrup\u00adti\u00adons affec\u00adting cus\u00adto\u00admers; chan\u00adges in cus\u00adto\u00admer order pat\u00adterns inclu\u00adding order can\u00adcel\u00adla\u00adti\u00adons; chan\u00adges in cus\u00adto\u00admer needs and emer\u00adging tech\u00adno\u00adlo\u00adgy trends; and chan\u00adges in the level of inven\u00adto\u00adry and com\u00adpu\u00adting capa\u00adci\u00adty at customers.<\/li>\n<li>Intel\u2019s results can vary signi\u00adfi\u00adcant\u00adly from expec\u00adta\u00adti\u00adons based on capa\u00adci\u00adty uti\u00adliza\u00adti\u00adon; varia\u00adti\u00adons in inven\u00adto\u00adry valua\u00adti\u00adon, inclu\u00adding varia\u00adti\u00adons rela\u00adted to the timing of qua\u00adli\u00adfy\u00ading pro\u00adducts for sale; chan\u00adges in reve\u00adnue levels; seg\u00adment pro\u00adduct mix; the timing and exe\u00adcu\u00adti\u00adon of the manu\u00adfac\u00adtu\u00adring ramp and asso\u00adcia\u00adted cos\u00adts; excess or obso\u00adle\u00adte inven\u00adto\u00adry; chan\u00adges in unit cos\u00adts; defects or dis\u00adrup\u00adti\u00adons in the sup\u00adp\u00adly of mate\u00adri\u00adals or resour\u00adces; and pro\u00adduct manu\u00adfac\u00adtu\u00adring quality\/yields. Varia\u00adti\u00adons in results can also be cau\u00adsed by the timing of Intel pro\u00adduct intro\u00adduc\u00adtions and rela\u00adted expen\u00adses, inclu\u00adding mar\u00adke\u00adting pro\u00adgrams, and Intel\u2019s abili\u00adty to respond quick\u00adly to tech\u00adno\u00adlo\u00adgi\u00adcal deve\u00adlo\u00adp\u00adments and to intro\u00addu\u00adce new pro\u00adducts or incor\u00adpo\u00adra\u00adte new fea\u00adtures into exis\u00adting pro\u00adducts, as well as decis\u00adi\u00adons to exit pro\u00adduct lines or busi\u00adnesses, which can result in res\u00adtruc\u00adtu\u00adring and asset impair\u00adment charges.<\/li>\n<li>Intel\u2019s results can be affec\u00adted by adver\u00adse eco\u00adno\u00admic, social, poli\u00adti\u00adcal and physical\/infrastructure con\u00addi\u00adti\u00adons in count\u00adries whe\u00adre Intel, its cus\u00adto\u00admers or its sup\u00adpli\u00aders ope\u00adra\u00adte, inclu\u00adding reces\u00adsi\u00adon or slo\u00adwing growth, mili\u00adta\u00adry con\u00adflict and other secu\u00adri\u00adty risks, natu\u00adral dis\u00adas\u00adters, infra\u00adstruc\u00adtu\u00adre dis\u00adrup\u00adti\u00adons, health con\u00adcerns (inclu\u00adding the <span class=\"caps\">COVID-19<\/span> pan\u00adde\u00admic), fluc\u00adtua\u00adtions in cur\u00adren\u00adcy exch\u00adan\u00adge rates, sanc\u00adtions and tariffs, poli\u00adti\u00adcal dis\u00adpu\u00adtes, chan\u00adges in govern\u00adment grants and incen\u00adti\u00adves, and con\u00adti\u00adnuing uncer\u00adtain\u00adty regar\u00adding social, poli\u00adti\u00adcal, immi\u00adgra\u00adti\u00adon, and tax and trade poli\u00adci\u00ades in the U.S. and abroad, inclu\u00adding the United Kingdom\u2019s with\u00addra\u00adwal from the Euro\u00adpean Uni\u00adon. Results can also be affec\u00adted by the for\u00admal or infor\u00admal impo\u00adsi\u00adti\u00adon by count\u00adries of new or revi\u00adsed export and\/or import and doing-busi\u00adness regu\u00adla\u00adti\u00adons, which can be chan\u00adged wit\u00adhout pri\u00ador notice.<\/li>\n<li>Intel ope\u00adra\u00adtes in high\u00adly com\u00adpe\u00adti\u00adti\u00adve indus\u00adtries and its ope\u00adra\u00adti\u00adons have high cos\u00adts that are eit\u00adher fixed or dif\u00adfi\u00adcult to redu\u00adce in the short term. In addi\u00adti\u00adon, in con\u00adnec\u00adtion with our stra\u00adte\u00adgic trans\u00adfor\u00adma\u00adti\u00adon to a data-cen\u00adtric com\u00adpa\u00adny, we have ente\u00adred new are\u00adas and intro\u00addu\u00adced adja\u00adcent pro\u00adducts, whe\u00adre we face new sources of com\u00adpe\u00adti\u00adti\u00adon and uncer\u00adtain mar\u00adket demand or accep\u00adtance of our pro\u00adducts, and the\u00adse new are\u00adas and pro\u00adducts do not always grow as projected.<\/li>\n<li>The amount, timing and exe\u00adcu\u00adti\u00adon of Intel\u2019s stock repurcha\u00adse pro\u00adgram fluc\u00adtua\u00adte based on Intel\u2019s prio\u00adri\u00adties for the use of cash for other purposes\u2014such as inves\u00adt\u00ading in our busi\u00adness, inclu\u00adding ope\u00adra\u00adtio\u00adnal and capi\u00adtal spen\u00adding, acqui\u00adsi\u00adti\u00adons, and retur\u00adning cash to our stock\u00adhol\u00adders as divi\u00addend payments\u2014and becau\u00adse of chan\u00adges in cash flows, tax laws and other laws, or the mar\u00adket pri\u00adce of our com\u00admon&nbsp;stock.<\/li>\n<li>Intel\u2019s expec\u00adted tax rate is based on cur\u00adrent tax law, inclu\u00adding cur\u00adrent inter\u00adpre\u00adta\u00adti\u00adons of the Tax Cuts and Jobs Act of 2017 (\u201d<span class=\"caps\">TCJA<\/span>\u201d), and cur\u00adrent expec\u00adted inco\u00adme and can be affec\u00adted by evol\u00adving inter\u00adpre\u00adta\u00adti\u00adons of <span class=\"caps\">TCJA<\/span>; chan\u00adges in the volu\u00adme and mix of pro\u00adfits ear\u00adned across juris\u00addic\u00adtions with vary\u00ading tax rates; chan\u00adges in the esti\u00adma\u00adtes of cre\u00addits, bene\u00adfits and deduc\u00adtions; the reso\u00adlu\u00adti\u00adon of issues ari\u00adsing from tax audits with various tax aut\u00adho\u00adri\u00adties, inclu\u00adding pay\u00adment of inte\u00adrest and pen\u00adal\u00adties; and the abili\u00adty to rea\u00adli\u00adze defer\u00adred tax assets.<\/li>\n<li>Intel\u2019s results can be affec\u00adted by gains or los\u00adses from equi\u00adty secu\u00adri\u00adties and inte\u00adrest and other, which can vary depen\u00adding on gains or los\u00adses on the chan\u00adge in fair value, sale, exch\u00adan\u00adge, or impairm\u00adents of equi\u00adty and debt invest\u00adments, inte\u00adrest rates, cash balan\u00adces, and chan\u00adges in fair value of deri\u00adva\u00adti\u00adve instruments.&nbsp;<\/li>\n<li>Pro\u00adduct defects or erra\u00adta (devia\u00adti\u00adons from published spe\u00adci\u00adfi\u00adca\u00adti\u00adons) can adver\u00adse\u00adly impact our expen\u00adses, reve\u00adnues and reputation.<\/li>\n<li>We or third par\u00adties regu\u00adlar\u00adly iden\u00adti\u00adfy secu\u00adri\u00adty vul\u00adnerabi\u00adli\u00adties with respect to our pro\u00adces\u00adsors and other pro\u00adducts as well as the ope\u00adra\u00adting sys\u00adtems and workloads run\u00adning on them. Secu\u00adri\u00adty vul\u00adnerabi\u00adli\u00adties and any limi\u00adta\u00adti\u00adons of, or adver\u00adse effects resul\u00adting from, miti\u00adga\u00adti\u00adon tech\u00adni\u00adques can adver\u00adse\u00adly affect our results of ope\u00adra\u00adti\u00adons, finan\u00adcial con\u00addi\u00adti\u00adon, cus\u00adto\u00admer rela\u00adti\u00adonships, pro\u00ads\u00adpects, and repu\u00adta\u00adti\u00adon in a num\u00adber of ways, any of which may be mate\u00adri\u00adal, inclu\u00adding incur\u00adring signi\u00adfi\u00adcant cos\u00adts rela\u00adted to deve\u00adlo\u00adping and deploy\u00ading updates and miti\u00adga\u00adti\u00adons, wri\u00adting down inven\u00adto\u00adry value, a reduc\u00adtion in the com\u00adpe\u00adti\u00adti\u00adve\u00adness of our pro\u00adducts, defen\u00adding against pro\u00adduct claims and liti\u00adga\u00adti\u00adon, respon\u00adding to regu\u00adla\u00adto\u00adry inqui\u00adries or actions, pay\u00ading dama\u00adges, addres\u00adsing cus\u00adto\u00admer satis\u00adfac\u00adtion con\u00adside\u00adra\u00adti\u00adons, or taking other reme\u00addi\u00adal steps with respect to third par\u00adties. Adver\u00adse publi\u00adci\u00adty about secu\u00adri\u00adty vul\u00adnerabi\u00adli\u00adties or miti\u00adga\u00adti\u00adons could dama\u00adge our repu\u00adta\u00adti\u00adon with cus\u00adto\u00admers or users and redu\u00adce demand for our pro\u00adducts and services.<\/li>\n<li>Intel\u2019s results can be affec\u00adted by liti\u00adga\u00adti\u00adon or regu\u00adla\u00adto\u00adry mat\u00adters invol\u00adving intellec\u00adtu\u00adal pro\u00adper\u00adty, stock\u00adhol\u00adder, con\u00adsu\u00admer, anti\u00adtrust, com\u00admer\u00adcial, dis\u00adclo\u00adsure and other issues. An unfa\u00advorable ruling can include mone\u00adta\u00adry dama\u00adges or an injunc\u00adtion pro\u00adhi\u00adbi\u00adting Intel from manu\u00adfac\u00adtu\u00adring or sel\u00adling one or more pro\u00adducts, pre\u00adclu\u00adding par\u00adti\u00adcu\u00adlar busi\u00adness prac\u00adti\u00adces, impac\u00adting Intel\u2019s abili\u00adty to design its pro\u00adducts, or requi\u00adring other reme\u00addies such as com\u00adpul\u00adso\u00adry licen\u00adsing of intellec\u00adtu\u00adal property.<\/li>\n<li>Intel\u2019s results can be affec\u00adted by the impact and timing of clo\u00adsing of acqui\u00adsi\u00adti\u00adons, dives\u00adti\u00adtures and other signi\u00adfi\u00adcant tran\u00adsac\u00adtions. In addi\u00adti\u00adon, the\u00adse tran\u00adsac\u00adtions do not always achie\u00adve our finan\u00adcial or stra\u00adte\u00adgic objec\u00adti\u00adves and can dis\u00adrupt our ongo\u00ading busi\u00adness and adver\u00adse\u00adly impact our results of ope\u00adra\u00adti\u00adons. We may not rea\u00adli\u00adze the expec\u00adted bene\u00adfits of port\u00adfo\u00adlio decis\u00adi\u00adons due to num\u00ade\u00adrous risks, inclu\u00adding unfa\u00advorable pri\u00adces and terms; chan\u00adges in mar\u00adket con\u00addi\u00adti\u00adons; limi\u00adta\u00adti\u00adons due to regu\u00adla\u00adto\u00adry or govern\u00admen\u00adtal appr\u00adovals, con\u00adtrac\u00adtu\u00adal terms, or other con\u00addi\u00adti\u00adons; and poten\u00adti\u00adal con\u00adtin\u00adued finan\u00adcial obli\u00adga\u00adti\u00adons asso\u00adcia\u00adted with such tran\u00adsac\u00adtions. Risks and uncer\u00adtain\u00adties rela\u00adting to the pen\u00adding sale of our <span class=\"caps\">NAND<\/span> memo\u00adry and sto\u00adrage busi\u00adness to <span class=\"caps\">SK<\/span> hynix are descri\u00adbed in our Form 8\u2011K filed with the <span class=\"caps\">SEC<\/span> on Octo\u00adber 20,&nbsp;2020.<\/li>\n<\/ul>\n<p>Detail\u00aded infor\u00adma\u00adti\u00adon regar\u00adding the\u00adse and other fac\u00adtors that could affect Intel\u2019s busi\u00adness and results is included in Intel\u2019s <span class=\"caps\">SEC<\/span> filings, inclu\u00adding the company\u2019s most recent reports on Forms 10\u2011K and 10\u2011Q, par\u00adti\u00adcu\u00adlar\u00adly the \u201cRisk Fac\u00adtors\u201d sec\u00adtions of tho\u00adse reports. Copies of the\u00adse filings may be obtai\u00adned by visi\u00adting our Inves\u00adtor Rela\u00adti\u00adons web\u00adsite at www.intc.com or the <span class=\"caps\">SEC<\/span>\u2019s web\u00adsite at www.sec.gov.<\/p>\n<p><b><strong>About Intel<\/strong><\/b><\/p>\n<p>\u00a9 Intel Cor\u00adpo\u00adra\u00adti\u00adon. Intel, the Intel logo, and other Intel marks are trade\u00admarks of Intel Cor\u00adpo\u00adra\u00adti\u00adon or its sub\u00adsi\u00addia\u00adries. Other names and brands may be clai\u00admed as the pro\u00adper\u00adty of others.<\/p>\n<table>\n<tbody>\n<tr>\n<td><b><strong><span class=\"caps\">CONTACTS<\/span>:<\/strong><\/b><\/td>\n<td>Broo\u00adke&nbsp;Wells<\/td>\n<td>Cara Wal\u00adker<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>Inves\u00adtor Relations<\/td>\n<td>Media Rela\u00adti\u00adons<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>503\u2013613-8230<\/td>\n<td>503\u2013696-0831<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td><u>brooke.wells@intel.com<\/u><\/td>\n<td><u>cara.walker@intel.com<\/u><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p style=\"font-weight: 400;\">&nbsp;<\/p>\n<p><b><strong><span class=\"caps\">INTEL<\/span> <span class=\"caps\">CORPORATION<\/span><\/strong><\/b><\/p>\n<p><b><strong><span class=\"caps\">CONSOLIDATED<\/span> <span class=\"caps\">CONDENSED<\/span> <span class=\"caps\">STATEMENTS<\/span> <span class=\"caps\">OF<\/span> <span class=\"caps\">INCOME<\/span> <span class=\"caps\">AND<\/span> <span class=\"caps\">OTHER<\/span> <span class=\"caps\">INFORMATION<\/span><\/strong><\/b><\/p>\n<table>\n<tbody>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"7\"><b><strong>Three Months Ended<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"7\"><b><strong>Nine Months Ended<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td><b><strong>(In Mil\u00adli\u00adons, Except Per Share Amounts; Unaudited)<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong>Sep 26,&nbsp;2020<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong>Sep 28,&nbsp;2019<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong>Sep 26,&nbsp;2020<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong>Sep 28,&nbsp;2019<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">NET<\/span> <span class=\"caps\">REVENUE<\/span><\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>18,333&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>19,190&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>57,889&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>51,756&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Cost of&nbsp;sales<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">8,592&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">7,895&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">25,625&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">21,494&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">GROSS<\/span> <span class=\"caps\">MARGIN<\/span><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">9,741&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">11,295&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">32,264&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">30,262&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Rese\u00adarch and deve\u00adlo\u00adp\u00adment (R<span class=\"amp\">&amp;<\/span>D)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">3,272&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">3,208&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">9,901&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">9,978&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Mar\u00adke\u00adting, gene\u00adral and admi\u00adnis\u00adtra\u00adti\u00adve (<span class=\"caps\">MG<\/span><span class=\"amp\">&amp;<\/span>A)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,435&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,536&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,423&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,758&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>R<span class=\"amp\">&amp;<\/span>D <span class=\"caps\">AND<\/span> <span class=\"caps\">MG<\/span><span class=\"amp\">&amp;<\/span>A<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,707&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,744&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">14,324&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">14,736&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Res\u00adtruc\u00adtu\u00adring and other charges<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(25)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">104&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">146&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">288&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">OPERATING<\/span> <span class=\"caps\">EXPENSES<\/span><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,682&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,848&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">14,470&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">15,024&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">OPERATING<\/span> <span class=\"caps\">INCOME<\/span><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">5,059&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">6,447&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">17,794&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">15,238&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Gains (los\u00adses) on equi\u00adty invest\u00adments, net<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">56&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">318&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">212&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">922&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Inte\u00adrest and other, net<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(74)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(46)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(416)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(170)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">INCOME<\/span> <span class=\"caps\">BEFORE<\/span> <span class=\"caps\">TAXES<\/span><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">5,041&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">6,719&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">17,590&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">15,990&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Pro\u00advi\u00adsi\u00adon for&nbsp;taxes<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">765&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">729&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,548&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,847&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">NET<\/span> <span class=\"caps\">INCOME<\/span><\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>4,276&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>5,990&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>15,042&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>14,143&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">EARNINGS<\/span> <span class=\"caps\">PER<\/span> <span class=\"caps\">SHARE<\/span>\u2014<span class=\"caps\">BASIC<\/span><\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1.02&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1.36&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>3.55&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>3.18&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">EARNINGS<\/span> <span class=\"caps\">PER<\/span> <span class=\"caps\">SHARE<\/span>\u2014<span class=\"caps\">DILUTED<\/span><\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1.02&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1.35&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>3.52&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>3.14&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">WEIGHTED<\/span> <span class=\"caps\">AVERAGE<\/span> <span class=\"caps\">SHARES<\/span> <span class=\"caps\">OF<\/span> <span class=\"caps\">COMMON<\/span> <span class=\"caps\">STOCK<\/span> <span class=\"caps\">OUTSTANDING<\/span>:<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">BASIC<\/span><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,188&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,391&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,233&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,450&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">DILUTED<\/span><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,211&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,433&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,269&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,507&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"7\"><b><strong>Three Months Ended<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td><b><strong>(In Mil\u00adli\u00adons)<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong>2020<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong>2019<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">EARNINGS<\/span> <span class=\"caps\">PER<\/span> <span class=\"caps\">SHARE<\/span> <span class=\"caps\">OF<\/span> <span class=\"caps\">COMMON<\/span> <span class=\"caps\">STOCK<\/span> <span class=\"caps\">INFORMATION<\/span>:<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Weigh\u00adted avera\u00adge shares of com\u00admon stock outstanding\u2014basic<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,188&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,391&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Dilu\u00adti\u00adve effect of employee equi\u00adty incen\u00adti\u00adve&nbsp;plans<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">23&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">30&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Dilu\u00adti\u00adve effect of con\u00adver\u00adti\u00adble&nbsp;debt<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">12&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Weigh\u00adted avera\u00adge shares of com\u00admon stock outstanding\u2014diluted<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,211&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,433&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">STOCK<\/span> <span class=\"caps\">BUYBACK<\/span><sup>1<\/sup>:<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Shares repurcha\u00adsed<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">166&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">92&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Cumu\u00adla\u00adti\u00adve shares repurcha\u00adsed (in billions)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">5.7&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">5.4&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Remai\u00adning dol\u00adlars aut\u00adho\u00adri\u00adzed for buy\u00adback (in billions)<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>9.7&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>7.2&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">OTHER<\/span> <span class=\"caps\">INFORMATION<\/span>:<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Employees (in thousands)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">111.3&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">111.9&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><sup>&nbsp;<\/sup><\/p>\n<p style=\"font-weight: 400;\">&nbsp;<\/p>\n<p><b><strong><span class=\"caps\">INTEL<\/span> <span class=\"caps\">CORPORATION<\/span><\/strong><\/b><\/p>\n<p><b><strong><span class=\"caps\">CONSOLIDATED<\/span> <span class=\"caps\">CONDENSED<\/span> <span class=\"caps\">BALANCE<\/span> <span class=\"caps\">SHEETS<\/span><\/strong><\/b><\/p>\n<table>\n<tbody>\n<tr>\n<td><b><strong>(In Mil\u00adli\u00adons)<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong>2020<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong>2019<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">CURRENT<\/span> <span class=\"caps\">ASSETS<\/span><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">(unau\u00addi\u00adted)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Cash and cash equivalents<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>3,356&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>4,194&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Short-term invest\u00adments<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,987&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,082&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Tra\u00adding assets<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">11,910&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">7,847&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Total cash investments<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">18,253&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">13,123&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Accounts receiva\u00adble<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">7,140&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">7,659&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Invent\u00adories<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Raw mate\u00adri\u00adals<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">975&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">840&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Work in process<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">6,313&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">6,225&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Finis\u00adhed&nbsp;goods<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,985&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,679&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">9,273&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">8,744&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Other cur\u00adrent assets<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,119&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,713&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">TOTAL<\/span> <span class=\"caps\">CURRENT<\/span> <span class=\"caps\">ASSETS<\/span><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">36,785&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">31,239&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Pro\u00adper\u00adty, plant and equip\u00adment,&nbsp;net<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">59,205&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">55,386&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Equi\u00adty investments<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">3,679&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">3,967&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Other long-term investments<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,720&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">3,276&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Good\u00adwill<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">26,955&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">26,276&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Iden\u00adti\u00adfied intan\u00adgi\u00adble assets, net<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">9,881&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">10,827&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Other long-term assets<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">6,036&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">5,553&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">TOTAL<\/span> <span class=\"caps\">ASSETS<\/span><\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>145,261&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>136,524&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">CURRENT<\/span> <span class=\"caps\">LIABILITIES<\/span><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Short-term debt<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>504&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>3,693&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Accounts paya\u00adble<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">5,159&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,128&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Accrued com\u00adpen\u00adsa\u00adti\u00adon and benefits<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">3,197&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">3,853&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Other accrued liabilities<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">13,252&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">10,636&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">TOTAL<\/span> <span class=\"caps\">CURRENT<\/span> <span class=\"caps\">LIABILITIES<\/span><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">22,112&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">22,310&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Debt<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">36,059&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">25,308&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Con\u00adtract liabilities<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,381&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,368&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Inco\u00adme taxes paya\u00adble, non-current<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,811&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,919&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Defer\u00adred inco\u00adme&nbsp;taxes<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,995&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,044&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Other long-term liabilities<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">3,349&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,916&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">TEMPORARY<\/span> <span class=\"caps\">EQUITY<\/span><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">155&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Stock\u00adhol\u00adders\u2019 equity<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Pre\u00adfer\u00adred&nbsp;stock<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Com\u00admon stock and capi\u00adtal in excess of par&nbsp;value<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">23,335&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">25,261&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Accu\u00admu\u00adla\u00adted other com\u00adpre\u00adhen\u00adsi\u00adve inco\u00adme (loss)<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(940)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(1,280)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Retai\u00adned earnings<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">52,159&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">53,523&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">TOTAL<\/span> <span class=\"caps\">STOCKHOLDERS<\/span>\u2019 <span class=\"caps\">EQUITY<\/span><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">74,554&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">77,504&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">TOTAL<\/span> <span class=\"caps\">LIABILITIES<\/span>, <span class=\"caps\">TEMPORARY<\/span> <span class=\"caps\">EQUITY<\/span> <span class=\"caps\">AND<\/span> <span class=\"caps\">STOCKHOLDERS<\/span>\u2019 <span class=\"caps\">EQUITY<\/span><\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>145,261&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>136,524&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p style=\"font-weight: 400;\">&nbsp;<\/p>\n<p><b><strong><span class=\"caps\">INTEL<\/span> <span class=\"caps\">CORPORATION<\/span><\/strong><\/b><\/p>\n<p><b><strong><span class=\"caps\">CONSOLIDATED<\/span> <span class=\"caps\">CONDENSED<\/span> <span class=\"caps\">STATEMENTS<\/span> <span class=\"caps\">OF<\/span> <span class=\"caps\">CASH<\/span>&nbsp;<span class=\"caps\">FLOWS<\/span><\/strong><\/b><\/p>\n<table>\n<tbody>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"7\"><b><strong>Nine Months Ended<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td><b><strong>(In Mil\u00adli\u00adons; Unaudited)<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong>2020<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong>2019<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong>Cash and cash equi\u00adva\u00adlents, begin\u00adning of period<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>4,194&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>3,019&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Cash flows pro\u00advi\u00added by (used for) ope\u00adra\u00adting activities:<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Net inco\u00adme<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">15,042&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">14,143&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Adjus\u00adt\u00adments to recon\u00adci\u00adle net inco\u00adme to net cash pro\u00advi\u00added by ope\u00adra\u00adting activities:<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Depre\u00adcia\u00adti\u00adon<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">7,925&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">6,647&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Share-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,393&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,290&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Amor\u00adtiza\u00adti\u00adon of intangibles<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,311&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,211&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>(Gains) los\u00adses on equi\u00adty invest\u00adments, net<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(105)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(395)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Chan\u00adges in assets and liabilities:<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Accounts receiva\u00adble<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">525&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(156)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Invent\u00adories<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(570)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(1,376)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Accounts paya\u00adble<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">355&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">728&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Accrued com\u00adpen\u00adsa\u00adti\u00adon and benefits<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(488)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(365)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Pre\u00adpaid sup\u00adp\u00adly agreements<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(91)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(674)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Inco\u00adme&nbsp;taxes<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">493&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">435&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Other assets and liabilities<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(296)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,769&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Total adjus\u00adt\u00adments<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">10,452&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">9,114&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong>Net cash pro\u00advi\u00added by ope\u00adra\u00adting activities<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>25,494&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>23,257&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Cash flows pro\u00advi\u00added by (used for) inves\u00adt\u00ading activities:<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Addi\u00adti\u00adons to pro\u00adper\u00adty, plant and equipment<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(10,392)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(11,547)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Purcha\u00adses of available-for-sale debt investments<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(6,323)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(2,028)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Matu\u00adri\u00adties and sales of available-for-sale debt investments<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">5,037&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">3,118&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Purcha\u00adses of tra\u00adding assets<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(14,744)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(5,769)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Matu\u00adri\u00adties and sales of tra\u00adding assets<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">11,227&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">5,467&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Sales of equi\u00adty investments<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">339&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,414&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Other inves\u00adt\u00ading<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(256)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(575)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong>Net cash used for inves\u00adt\u00ading activities<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>(15,112)<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>(9,920)<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Cash flows pro\u00advi\u00added by (used for) finan\u00adcing activities:<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Increase (decrease) in short-term debt,&nbsp;net<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">835&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Issu\u00adan\u00adce of long-term debt, net of issu\u00adan\u00adce&nbsp;costs<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">10,247&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">650&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Repay\u00adment of debt and debt conversion<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(4,525)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(1,478)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Pro\u00adceeds from sales of com\u00admon stock through employee equi\u00adty incen\u00adti\u00adve&nbsp;plans<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">897&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">797&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Repurcha\u00adse of com\u00admon&nbsp;stock<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(12,229)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(10,100)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Acce\u00adle\u00adra\u00adted share repurcha\u00adse for\u00adward agreements<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(2,000)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Pay\u00adment of divi\u00addends to stockholders<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(4,215)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(4,214)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Other finan\u00adcing<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">605&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,089&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong>Net cash pro\u00advi\u00added by (used for) finan\u00adcing activities<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>(11,220)<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>(12,421)<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong>Net increase (decrease) in cash and cash equivalents<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>(838)<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>916&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong>Cash and cash equi\u00adva\u00adlents, end of period<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>3,356&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>3,935&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p style=\"font-weight: 400;\">&nbsp;<\/p>\n<p><b><strong><span class=\"caps\">INTEL<\/span> <span class=\"caps\">CORPORATION<\/span><\/strong><\/b><\/p>\n<p><b><strong><span class=\"caps\">SUPPLEMENTAL<\/span> <span class=\"caps\">OPERATING<\/span> <span class=\"caps\">SEGMENT<\/span> <span class=\"caps\">RESULTS<\/span><\/strong><\/b><\/p>\n<table>\n<tbody>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"7\"><b><strong>Three Months Ended<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"7\"><b><strong>Nine Months Ended<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td><b><strong>(In Mil\u00adli\u00adons)<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong>2020<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong>2019<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong>2020<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong>2019<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td><b><strong>Net reve\u00adnue<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong>Data Cen\u00adter&nbsp;Group<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Plat\u00adform<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>5,151&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>5,819&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>17,759&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>14,854&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Adja\u00adcen\u00adcy<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">754&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">564&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,256&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,414&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>5,905&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>6,383&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>20,015&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>16,268&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong>Inter\u00adnet of Things<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">IOTG<\/span><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">677&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,005&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,230&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2,901&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Mobi\u00adleye<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">234&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">229&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">634&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">639&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>911&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>1,234&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>2,864&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>3,540&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong>Non-Vola\u00adti\u00adle Memo\u00adry Solu\u00adti\u00adons&nbsp;Group<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>1,153&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>1,290&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>4,150&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>3,145&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong>Pro\u00adgramma\u00adble Solu\u00adti\u00adons&nbsp;Group<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>411&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>507&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>1,431&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>1,482&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong>Cli\u00adent Com\u00adpu\u00adting&nbsp;Group<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Plat\u00adform<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">8,762&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">8,379&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">25,703&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">24,128&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Adja\u00adcen\u00adcy<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,085&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1,330&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">3,415&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">3,008&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>9,847&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>9,709&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>29,118&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>27,136&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong>All other<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>106&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>67&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>311&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>185&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">TOTAL<\/span> <span class=\"caps\">NET<\/span> <span class=\"caps\">REVENUE<\/span><\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>18,333&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>19,190&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>57,889&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>51,756&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong>Ope\u00adra\u00adting inco\u00adme (loss)<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong>Data Cen\u00adter&nbsp;Group<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>1,903&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>3,115&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>8,494&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>$<\/td>\n<td>6,756&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong>Inter\u00adnet of Things<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><span class=\"caps\">IOTG<\/span><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">61&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">309&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">374&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">854&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Mobi\u00adleye<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">47&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">67&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">131&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">188&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>108&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>376&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>505&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>1,042&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong>Non-Vola\u00adti\u00adle Memo\u00adry Solu\u00adti\u00adons&nbsp;Group<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">29&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(499)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">285&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(1,080)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong>Pro\u00adgramma\u00adble Solu\u00adti\u00adons&nbsp;Group<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">40&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">92&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">217&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">233&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong>Cli\u00adent Com\u00adpu\u00adting&nbsp;Group<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">3,554&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">4,305&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">10,621&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">11,114&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong>All other<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(575)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(942)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(2,328)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(2,827)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">TOTAL<\/span> <span class=\"caps\">OPERATING<\/span> <span class=\"caps\">INCOME<\/span><\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>5,059&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>6,447&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>17,794&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>15,238&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>We deri\u00adve a sub\u00adstan\u00adti\u00adal majo\u00adri\u00adty of our reve\u00adnue from plat\u00adform pro\u00adducts, which are our prin\u00adci\u00adpal pro\u00adducts and con\u00adside\u00adred as one class of pro\u00adduct. We offer plat\u00adform pro\u00adducts that incor\u00adpo\u00adra\u00adte various com\u00adpon\u00adents and tech\u00adno\u00adlo\u00adgies, inclu\u00adding a micro\u00adpro\u00adces\u00adsor and chip\u00adset, a stand-alo\u00adne SoC, or a mul\u00adti\u00adchip packa\u00adge. Plat\u00adform pro\u00adducts are used in various form fac\u00adtors across our <span class=\"caps\">DCG<\/span>, <span class=\"caps\">IOTG<\/span>, and <span class=\"caps\">CCG<\/span> ope\u00adra\u00adting seg\u00adments. Our non-plat\u00adform, or adja\u00adcent pro\u00adducts, can be com\u00adbi\u00adned with plat\u00adform pro\u00adducts to form com\u00adpre\u00adhen\u00adsi\u00adve plat\u00adform solu\u00adti\u00adons to meet cus\u00adto\u00admer&nbsp;needs.<\/p>\n<p>Reve\u00adnue for our repor\u00adta\u00adble and non-repor\u00adta\u00adble ope\u00adra\u00adting seg\u00adments is pri\u00adma\u00adri\u00adly rela\u00adted to the fol\u00adlo\u00adwing pro\u00adduct&nbsp;lines:<\/p>\n<ul>\n<li>includes workload-opti\u00admi\u00adzed plat\u00adforms and rela\u00adted pro\u00adducts desi\u00adgned for cloud ser\u00advice pro\u00advi\u00adders, enter\u00adpri\u00adse and govern\u00adment, and com\u00admu\u00adni\u00adca\u00adti\u00adon ser\u00advice pro\u00advi\u00adders mar\u00adket segments.<\/li>\n<li><span class=\"caps\">IOTG<\/span> includes high-per\u00adfor\u00admance com\u00adpu\u00adte solu\u00adti\u00adons for tar\u00adge\u00adted ver\u00adti\u00adcals and embedded appli\u00adca\u00adti\u00adons in mar\u00adket seg\u00adments such as retail, indus\u00adtri\u00adal, smart infra\u00adstruc\u00adtu\u00adre, and vision.&nbsp;<\/li>\n<li>Mobi\u00adleye includes deve\u00adlo\u00adp\u00adment of com\u00adpu\u00adter visi\u00adon and machi\u00adne lear\u00adning-based sens\u00ading, data ana\u00adly\u00adsis, loca\u00adliza\u00adti\u00adon, map\u00adping, and dri\u00adving poli\u00adcy tech\u00adno\u00adlo\u00adgy for advan\u00adced dri\u00adver assis\u00adtance sys\u00adtems (<span class=\"caps\">ADAS<\/span>) and auto\u00adno\u00admous driving.<\/li>\n<li><span class=\"caps\">NSG<\/span> includes memo\u00adry and sto\u00adrage pro\u00adducts like Intel\u00ae Opta\u00adne\u2122 tech\u00adno\u00adlo\u00adgy and Intel\u00ae <span class=\"caps\">3D<\/span> <span class=\"caps\">NAND<\/span> tech\u00adno\u00adlo\u00adgy, pri\u00adma\u00adri\u00adly used in&nbsp;SSDs.<\/li>\n<li><span class=\"caps\">PSG<\/span> includes pro\u00adgramma\u00adble semi\u00adcon\u00adduc\u00adtors, pri\u00adma\u00adri\u00adly FPGAs and struc\u00adtu\u00adred ASICs, and rela\u00adted pro\u00adducts for com\u00admu\u00adni\u00adca\u00adti\u00adons, cloud and enter\u00adpri\u00adse, and embedded mar\u00adket segments.<\/li>\n<li>plat\u00adforms desi\u00adgned for end-user form fac\u00adtors, focu\u00adsing on hig\u00adher growth seg\u00adments of 2\u2011in\u20111, thin-and-light, com\u00admer\u00adcial and gam\u00ading, and gro\u00adwing adja\u00adcen\u00adci\u00ades such as con\u00adnec\u00adti\u00advi\u00adty, gra\u00adphics, and memory.<\/li>\n<\/ul>\n<p>We have sales and mar\u00adke\u00adting, manu\u00adfac\u00adtu\u00adring, engi\u00adnee\u00adring, finan\u00adce, and admi\u00adnis\u00adtra\u00adti\u00adon groups. Expen\u00adses for the\u00adse groups are gene\u00adral\u00adly allo\u00adca\u00adted to the ope\u00adra\u00adting segments.<\/p>\n<p>All other cate\u00adgo\u00adry includes reve\u00adnue, expen\u00adses, and char\u00adges such&nbsp;as:<\/p>\n<ul>\n<li>results of ope\u00adra\u00adti\u00adons from non-repor\u00adta\u00adble seg\u00adments not other\u00adwi\u00adse presented;<\/li>\n<li>his\u00adto\u00adri\u00adcal results of ope\u00adra\u00adti\u00adons from dive\u00ads\u00adted businesses;<\/li>\n<li>results of ope\u00adra\u00adti\u00adons of start-up busi\u00adnesses that sup\u00adport our initia\u00adti\u00adves, inclu\u00adding our foundry business;&nbsp;<\/li>\n<li>amounts included within res\u00adtruc\u00adtu\u00adring and other charges;<\/li>\n<li>a por\u00adti\u00adon of employee bene\u00adfits, com\u00adpen\u00adsa\u00adti\u00adon, and other expen\u00adses not allo\u00adca\u00adted to the ope\u00adra\u00adting seg\u00adments; and<\/li>\n<li>acqui\u00adsi\u00adti\u00adon-rela\u00adted cos\u00adts, inclu\u00adding amor\u00adtiza\u00adti\u00adon and any impair\u00adment of acqui\u00adsi\u00adti\u00adon-rela\u00adted intan\u00adgi\u00adbles and goodwill.&nbsp;<\/li>\n<\/ul>\n<p><b><strong><span class=\"caps\">INTEL<\/span> <span class=\"caps\">CORPORATION<\/span><\/strong><\/b><\/p>\n<p><b><strong><span class=\"caps\">SUPPLEMENTAL<\/span> <span class=\"caps\">PLATFORM<\/span> <span class=\"caps\">REVENUE<\/span> <span class=\"caps\">INFORMATION<\/span><\/strong><\/b><\/p>\n<table>\n<tbody>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong><span class=\"caps\">Q3<\/span> 2020<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b><strong><span class=\"caps\">Q3<\/span> 2020<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b><strong><span class=\"caps\">YTD<\/span> 2020<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong><span class=\"caps\">Q2<\/span> 2020<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b><strong><span class=\"caps\">Q3<\/span> 2019<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b><strong><span class=\"caps\">YTD<\/span> 2019<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>Data Cen\u00adter&nbsp;Group<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Plat\u00adform volumes<\/td>\n<td>&nbsp;<\/td>\n<td>(3)%<\/td>\n<td>&nbsp;<\/td>\n<td>4%<\/td>\n<td>&nbsp;<\/td>\n<td>19%<\/td>\n<\/tr>\n<tr>\n<td>Plat\u00adform avera\u00adge sel\u00adling prices<\/td>\n<td>&nbsp;<\/td>\n<td>(14)%<\/td>\n<td>&nbsp;<\/td>\n<td>(15)%<\/td>\n<td>&nbsp;<\/td>\n<td>\u2014%<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Cli\u00adent Com\u00adpu\u00adting&nbsp;Group<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Desk\u00adtop plat\u00adform volumes<\/td>\n<td>&nbsp;<\/td>\n<td>10%<\/td>\n<td>&nbsp;<\/td>\n<td>(18)%<\/td>\n<td>&nbsp;<\/td>\n<td>(12)%<\/td>\n<\/tr>\n<tr>\n<td>Desk\u00adtop plat\u00adform avera\u00adge sel\u00adling prices<\/td>\n<td>&nbsp;<\/td>\n<td>(5)%<\/td>\n<td>&nbsp;<\/td>\n<td>\u2014%<\/td>\n<td>&nbsp;<\/td>\n<td>2%<\/td>\n<\/tr>\n<tr>\n<td>Note\u00adbook plat\u00adform volumes<\/td>\n<td>&nbsp;<\/td>\n<td>19%<\/td>\n<td>&nbsp;<\/td>\n<td>25%<\/td>\n<td>&nbsp;<\/td>\n<td>19%<\/td>\n<\/tr>\n<tr>\n<td>Note\u00adbook plat\u00adform avera\u00adge sel\u00adling prices<\/td>\n<td>&nbsp;<\/td>\n<td>(10)%<\/td>\n<td>&nbsp;<\/td>\n<td>(7)%<\/td>\n<td>&nbsp;<\/td>\n<td>(2)%&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b><strong><span class=\"caps\">INTEL<\/span> <span class=\"caps\">CORPORATION<\/span><\/strong><\/b><\/p>\n<p><b><strong><span class=\"caps\">EXPLANATION<\/span> <span class=\"caps\">OF<\/span> <span class=\"caps\">NON-GAAP<\/span> <span class=\"caps\">MEASURES<\/span><\/strong><\/b><\/p>\n<p>In addi\u00adti\u00adon to dis\u00adclo\u00adsing finan\u00adcial results in accordance with U.S. <span class=\"caps\">GAAP<\/span>, this docu\u00adment con\u00adta\u00adins refe\u00adren\u00adces to the non-GAAP finan\u00adcial mea\u00adsu\u00adres below. We belie\u00adve the\u00adse non-GAAP finan\u00adcial mea\u00adsu\u00adres pro\u00advi\u00adde inves\u00adtors with useful sup\u00adple\u00admen\u00adtal infor\u00adma\u00adti\u00adon about our ope\u00adra\u00adting per\u00adfor\u00admance, enable com\u00adpa\u00adri\u00adson of finan\u00adcial trends and results bet\u00adween peri\u00adods whe\u00adre cer\u00adtain items may vary inde\u00adpen\u00addent of busi\u00adness per\u00adfor\u00admance, and allow for grea\u00adter trans\u00adpa\u00adren\u00adcy with respect to key metrics used by manage\u00adment in ope\u00adra\u00adting our busi\u00adness and mea\u00adsu\u00adring our performance.<\/p>\n<p>Our non-GAAP finan\u00adcial mea\u00adsu\u00adres reflect adjus\u00adt\u00adments based on one or more of the fol\u00adlo\u00adwing items, as well as the rela\u00adted inco\u00adme tax effects whe\u00adre appli\u00adca\u00adble. Inco\u00adme tax effects have been cal\u00adcu\u00adla\u00adted using an appro\u00adpria\u00adte tax rate for each adjus\u00adt\u00adment. The\u00adse non-GAAP finan\u00adcial mea\u00adsu\u00adres should not be con\u00adside\u00adred a sub\u00adsti\u00adtu\u00adte for, or supe\u00adri\u00ador to, finan\u00adcial mea\u00adsu\u00adres cal\u00adcu\u00adla\u00adted in accordance with U.S. <span class=\"caps\">GAAP<\/span>, and the finan\u00adcial results cal\u00adcu\u00adla\u00adted in accordance with U.S. <span class=\"caps\">GAAP<\/span> and recon\u00adci\u00adlia\u00adti\u00adons from the\u00adse results should be careful\u00adly evaluated.<\/p>\n<table>\n<tbody>\n<tr>\n<td><b><strong>Non-GAAP adjus\u00adt\u00adment or measure<\/strong><\/b><\/td>\n<td><b><strong>Defi\u00adni\u00adti\u00adon<\/strong><\/b><\/td>\n<td><b><strong>Useful\u00adness to manage\u00adment and investors<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>Acqui\u00adsi\u00adti\u00adon-rela\u00adted adjustments<\/td>\n<td>Amor\u00adtiza\u00adti\u00adon of acqui\u00adsi\u00adti\u00adon-rela\u00adted intan\u00adgi\u00adble assets con\u00adsists of amor\u00adtiza\u00adti\u00adon of intan\u00adgi\u00adble assets such as deve\u00adlo\u00adped tech\u00adno\u00adlo\u00adgy, brands, and cus\u00adto\u00admer rela\u00adti\u00adonships acqui\u00adred in con\u00adnec\u00adtion with busi\u00adness com\u00adbi\u00adna\u00adti\u00adons. Char\u00adges rela\u00adted to the amor\u00adtiza\u00adti\u00adon of the\u00adse intan\u00adgi\u00adbles are recor\u00added within both cost of sales and <span class=\"caps\">MG<\/span><span class=\"amp\">&amp;<\/span>A in our U.S. <span class=\"caps\">GAAP<\/span> finan\u00adcial state\u00adments. Amor\u00adtiza\u00adti\u00adon char\u00adges are recor\u00added over the esti\u00adma\u00adted useful life of the rela\u00adted acqui\u00adred intan\u00adgi\u00adble asset, and thus are gene\u00adral\u00adly recor\u00added over mul\u00adti\u00adple&nbsp;years.<\/td>\n<td>We exclude amor\u00adtiza\u00adti\u00adon char\u00adges for our acqui\u00adsi\u00adti\u00adon-rela\u00adted intan\u00adgi\u00adble assets for pur\u00adpo\u00adses of cal\u00adcu\u00adla\u00adting cer\u00adtain non-GAAP mea\u00adsu\u00adres becau\u00adse the\u00adse char\u00adges are incon\u00adsis\u00adtent in size and are signi\u00adfi\u00adcant\u00adly impac\u00adted by the timing and valua\u00adti\u00adon of our acqui\u00adsi\u00adti\u00adons. The\u00adse adjus\u00adt\u00adments faci\u00adli\u00adta\u00adte a useful eva\u00adlua\u00adti\u00adon of our cur\u00adrent ope\u00adra\u00adting per\u00adfor\u00admance and com\u00adpa\u00adri\u00adson to our past ope\u00adra\u00adting per\u00adfor\u00admance and pro\u00advi\u00adde inves\u00adtors with addi\u00adtio\u00adnal means to eva\u00adlua\u00adte cost and expen\u00adse trends.<\/td>\n<\/tr>\n<tr>\n<td>Res\u00adtruc\u00adtu\u00adring and other charges<\/td>\n<td>Res\u00adtruc\u00adtu\u00adring char\u00adges are cos\u00adts asso\u00adcia\u00adted with a for\u00admal res\u00adtruc\u00adtu\u00adring plan and are pri\u00adma\u00adri\u00adly rela\u00adted to employee sever\u00adance and bene\u00adfit arran\u00adge\u00adments. Other char\u00adges include asset impairm\u00adents, pen\u00adsi\u00adon char\u00adges, and cos\u00adts asso\u00adcia\u00adted with res\u00adtruc\u00adtu\u00adring activity.<\/td>\n<td>We exclude res\u00adtruc\u00adtu\u00adring and other char\u00adges, inclu\u00adding any adjus\u00adt\u00adments to char\u00adges recor\u00added in pri\u00ador peri\u00adods, for pur\u00adpo\u00adses of cal\u00adcu\u00adla\u00adting cer\u00adtain non-GAAP mea\u00adsu\u00adres becau\u00adse the\u00adse cos\u00adts do not reflect our cur\u00adrent ope\u00adra\u00adting per\u00adfor\u00admance and are impac\u00adted by the timing of res\u00adtruc\u00adtu\u00adring acti\u00advi\u00adty. The\u00adse adjus\u00adt\u00adments faci\u00adli\u00adta\u00adte a useful eva\u00adlua\u00adti\u00adon of our cur\u00adrent ope\u00adra\u00adting per\u00adfor\u00admance and com\u00adpa\u00adri\u00adsons to past ope\u00adra\u00adting results and pro\u00advi\u00adde inves\u00adtors with addi\u00adtio\u00adnal means to eva\u00adlua\u00adte expen\u00adse trends.<\/td>\n<\/tr>\n<tr>\n<td>Gains (los\u00adses) from divestiture<\/td>\n<td>Gains or los\u00adses are reco\u00adgni\u00adzed at the clo\u00adse of a divestiture.<\/td>\n<td>We exclude gains or los\u00adses resul\u00adting from dives\u00adti\u00adtures for pur\u00adpo\u00adses of cal\u00adcu\u00adla\u00adting cer\u00adtain non-GAAP mea\u00adsu\u00adres becau\u00adse they do not reflect our cur\u00adrent ope\u00adra\u00adting per\u00adfor\u00admance and are impac\u00adted by the timing of our dives\u00adti\u00adtures. The\u00adse adjus\u00adt\u00adments faci\u00adli\u00adta\u00adte a useful eva\u00adlua\u00adti\u00adon of our cur\u00adrent ope\u00adra\u00adting per\u00adfor\u00admance and com\u00adpa\u00adri\u00adsons to past ope\u00adra\u00adting results.<\/td>\n<\/tr>\n<tr>\n<td>Ongo\u00ading mark-to-mar\u00adket on mar\u00adke\u00adta\u00adble equi\u00adty securities<\/td>\n<td>After the initi\u00adal mark-to-mar\u00adket adjus\u00adt\u00adment is recor\u00added upon a secu\u00adri\u00adty beco\u00adming mar\u00adke\u00adta\u00adble, gains and los\u00adses are reco\u00adgni\u00adzed from ongo\u00ading mark-to-mar\u00adket adjus\u00adt\u00adments of our mar\u00adke\u00adta\u00adble equi\u00adty securities.<\/td>\n<td>We exclude the\u00adse ongo\u00ading gains and los\u00adses for pur\u00adpo\u00adses of cal\u00adcu\u00adla\u00adting cer\u00adtain non-GAAP mea\u00adsu\u00adres becau\u00adse we do not belie\u00adve this vola\u00adti\u00adli\u00adty cor\u00adre\u00adla\u00adtes to our core ope\u00adra\u00adtio\u00adnal per\u00adfor\u00admance. The\u00adse adjus\u00adt\u00adments faci\u00adli\u00adta\u00adte a useful eva\u00adlua\u00adti\u00adon of our cur\u00adrent ope\u00adra\u00adting per\u00adfor\u00admance and com\u00adpa\u00adri\u00adsons to past ope\u00adra\u00adting results.<\/td>\n<\/tr>\n<tr>\n<td>Free cash&nbsp;flow<\/td>\n<td>We refe\u00adrence a non-GAAP finan\u00adcial mea\u00adsu\u00adre of free cash flow, which is used by manage\u00adment when asses\u00adsing our sources of liqui\u00addi\u00adty, capi\u00adtal resour\u00adces, and qua\u00adli\u00adty of ear\u00adnings. Free cash flow is ope\u00adra\u00adting cash flow adjus\u00adted to exclude addi\u00adti\u00adons to pro\u00adper\u00adty, plant, and equipment.<\/td>\n<td>This non-GAAP finan\u00adcial mea\u00adsu\u00adre is hel\u00adpful in under\u00adstan\u00adding our capi\u00adtal requi\u00adre\u00adments and pro\u00advi\u00addes an addi\u00adtio\u00adnal means to eva\u00adlua\u00adte the cash flow trends of our business.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"font-weight: 400;\">&nbsp;<\/p>\n<p><b><strong><span class=\"caps\">INTEL<\/span> <span class=\"caps\">CORPORATION<\/span><\/strong><\/b><\/p>\n<p><b><strong><span class=\"caps\">SUPPLEMENTAL<\/span> <span class=\"caps\">RECONCILIATIONS<\/span> <span class=\"caps\">OF<\/span> <span class=\"caps\">GAAP<\/span> <span class=\"caps\">OUTLOOK<\/span> <span class=\"caps\">TO<\/span> <span class=\"caps\">NON-GAAP<\/span> <span class=\"caps\">OUTLOOK<\/span><\/strong><\/b><\/p>\n<p>Set forth below are recon\u00adci\u00adlia\u00adti\u00adons of the non-GAAP finan\u00adcial mea\u00adsu\u00adre to the most direct\u00adly com\u00adpa\u00adra\u00adble U.S. <span class=\"caps\">GAAP<\/span> finan\u00adcial mea\u00adsu\u00adre. The\u00adse non-GAAP finan\u00adcial mea\u00adsu\u00adres should not be con\u00adside\u00adred a sub\u00adsti\u00adtu\u00adte for, or supe\u00adri\u00ador to, finan\u00adcial mea\u00adsu\u00adres cal\u00adcu\u00adla\u00adted in accordance with U.S. <span class=\"caps\">GAAP<\/span>, and the finan\u00adcial out\u00adlook pre\u00adpared in accordance with U.S. <span class=\"caps\">GAAP<\/span> and the recon\u00adci\u00adlia\u00adti\u00adons from this Busi\u00adness Out\u00adlook should be careful\u00adly evaluated.<\/p>\n<p>Plea\u00adse refer to \u201cExpl\u00adana\u00adti\u00adon of Non-GAAP Mea\u00adsu\u00adres\u201d in this docu\u00adment for a detail\u00aded expl\u00adana\u00adti\u00adon of the adjus\u00adt\u00adments made to the com\u00adpa\u00adra\u00adble U.S. <span class=\"caps\">GAAP<\/span> mea\u00adsu\u00adres, the ways manage\u00adment uses the non-GAAP mea\u00adsu\u00adres, and the reasons why manage\u00adment belie\u00adves the non-GAAP mea\u00adsu\u00adres pro\u00advi\u00adde useful infor\u00adma\u00adti\u00adon for investors.<\/p>\n<table>\n<tbody>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong><span class=\"caps\">Q4<\/span> 2020 Outlook<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong>Full-Year 2020<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Appro\u00adxi\u00adm\u00adate\u00adly<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">Appro\u00adxi\u00adm\u00adate\u00adly<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">GAAP<\/span> <span class=\"caps\">OPERATING<\/span> <span class=\"caps\">MARGIN<\/span><\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>24.5&nbsp;<\/strong><\/b><\/td>\n<td><b><strong>%<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>29.5&nbsp;<\/strong><\/b><\/td>\n<td><b><strong>%<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>Acqui\u00adsi\u00adti\u00adon-rela\u00adted adjustments<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2.0&nbsp;<\/td>\n<td>%<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">2.0&nbsp;<\/td>\n<td>%<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">NON-GAAP<\/span> <span class=\"caps\">OPERATING<\/span> <span class=\"caps\">MARGIN<\/span><\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>26.5&nbsp;<\/strong><\/b><\/td>\n<td><b><strong>%<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>31.5&nbsp;<\/strong><\/b><\/td>\n<td><b><strong>%<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">GAAP<\/span> <span class=\"caps\">DILUTED<\/span> <span class=\"caps\">EARNINGS<\/span> <span class=\"caps\">PER<\/span> <span class=\"caps\">COMMON<\/span> <span class=\"caps\">SHARE<\/span><\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>1.02&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>4.55&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Acqui\u00adsi\u00adti\u00adon-rela\u00adted adjustments<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">0.09&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">0.33&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Res\u00adtruc\u00adtu\u00adring and other charges<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">0.04&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Ongo\u00ading mark-to-mar\u00adket on mar\u00adke\u00adta\u00adble equi\u00adty securities<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">0.02&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Inco\u00adme tax effect<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(0.01)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(0.04)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">NON-GAAP<\/span> <span class=\"caps\">DILUTED<\/span> <span class=\"caps\">EARNINGS<\/span> <span class=\"caps\">PER<\/span> <span class=\"caps\">COMMON<\/span> <span class=\"caps\">SHARE<\/span><\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>1.10&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>4.90&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td><b><strong>(In Bil\u00adli\u00adons)<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>Full-Year 2020<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">GAAP<\/span> <span class=\"caps\">CASH<\/span> <span class=\"caps\">FROM<\/span> <span class=\"caps\">OPERATIONS<\/span><\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32.2\u201333.0<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>Addi\u00adti\u00adons to pro\u00adper\u00adty, plant and equipment<\/td>\n<td>&nbsp;<\/td>\n<td>(14.2\u201314.5)<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">FREE<\/span> <span class=\"caps\">CASH<\/span>&nbsp;<span class=\"caps\">FLOW<\/span><\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18.0\u201318.5<\/strong><\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p style=\"font-weight: 400;\">&nbsp;<\/p>\n<p style=\"font-weight: 400;\"><b><strong><span class=\"caps\">INTEL<\/span> <span class=\"caps\">CORPORATION<\/span><\/strong><\/b><\/p>\n<p style=\"font-weight: 400;\"><b><strong><span class=\"caps\">SUPPLEMENTAL<\/span> <span class=\"caps\">RECONCILIATIONS<\/span> <span class=\"caps\">OF<\/span> <span class=\"caps\">GAAP<\/span> <span class=\"caps\">ACTUALS<\/span> <span class=\"caps\">TO<\/span> <span class=\"caps\">NON-GAAP<\/span> <span class=\"caps\">ACTUALS<\/span><\/strong><\/b><\/p>\n<p style=\"font-weight: 400;\">Set forth below are recon\u00adci\u00adlia\u00adti\u00adons of the non-GAAP finan\u00adcial mea\u00adsu\u00adre to the most direct\u00adly com\u00adpa\u00adra\u00adble U.S. <span class=\"caps\">GAAP<\/span> finan\u00adcial mea\u00adsu\u00adre. The\u00adse non-GAAP finan\u00adcial mea\u00adsu\u00adres should not be con\u00adside\u00adred a sub\u00adsti\u00adtu\u00adte for, or supe\u00adri\u00ador to, finan\u00adcial mea\u00adsu\u00adres cal\u00adcu\u00adla\u00adted in accordance with U.S. <span class=\"caps\">GAAP<\/span>, and the recon\u00adci\u00adlia\u00adti\u00adons from U.S. <span class=\"caps\">GAAP<\/span> to Non-GAAP actu\u00adals should be careful\u00adly eva\u00adlua\u00adted. Plea\u00adse refer to \u201cExpl\u00adana\u00adti\u00adon of Non-GAAP Mea\u00adsu\u00adres\u201d in this docu\u00adment for a detail\u00aded expl\u00adana\u00adti\u00adon of the adjus\u00adt\u00adments made to the com\u00adpa\u00adra\u00adble U.S. <span class=\"caps\">GAAP<\/span> mea\u00adsu\u00adres, the ways manage\u00adment uses the non-GAAP mea\u00adsu\u00adres, and the reasons why manage\u00adment belie\u00adves the non-GAAP mea\u00adsu\u00adres pro\u00advi\u00adde useful infor\u00adma\u00adti\u00adon for investors.<\/p>\n<table style=\"font-weight: 400;\">\n<tbody>\n<tr>\n<td>&nbsp;<\/td>\n<td colspan=\"7\"><b><strong>Three Months Ended<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td><b><strong>(In Mil\u00adli\u00adons, Except Per Share Amounts)<\/strong><\/b><\/td>\n<td colspan=\"3\"><b><strong>2020<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong>2019<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">GAAP<\/span> <span class=\"caps\">GROSS<\/span> <span class=\"caps\">MARGIN<\/span><\/strong><\/b><\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>9,741&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>11,295&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Acqui\u00adsi\u00adti\u00adon-rela\u00adted adjustments<\/td>\n<td colspan=\"2\">310&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">288&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">NON-GAAP<\/span> <span class=\"caps\">GROSS<\/span> <span class=\"caps\">MARGIN<\/span><\/strong><\/b><\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>10,051&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>11,583&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">GAAP<\/span> <span class=\"caps\">GROSS<\/span> <span class=\"caps\">MARGIN<\/span> <span class=\"caps\">PERCENTAGE<\/span><\/strong><\/b><\/td>\n<td colspan=\"2\"><b><strong>53.1&nbsp;<\/strong><\/b><\/td>\n<td><b><strong>%<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>58.9&nbsp;<\/strong><\/b><\/td>\n<td><b><strong>%<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>Acqui\u00adsi\u00adti\u00adon-rela\u00adted adjustments<\/td>\n<td colspan=\"2\">1.7&nbsp;<\/td>\n<td>%<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">1.5&nbsp;<\/td>\n<td>%<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">NON-GAAP<\/span> <span class=\"caps\">GROSS<\/span> <span class=\"caps\">MARGIN<\/span> <span class=\"caps\">PERCENTAGE<\/span><\/strong><\/b><\/td>\n<td colspan=\"2\"><b><strong>54.8&nbsp;<\/strong><\/b><\/td>\n<td><b><strong>%<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>60.4&nbsp;<\/strong><\/b><\/td>\n<td><b><strong>%<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">GAAP<\/span> R<span class=\"amp\">&amp;<\/span>D and <span class=\"caps\">MG<\/span><span class=\"amp\">&amp;<\/span>A<\/strong><\/b><\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>4,707&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>4,744&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Acqui\u00adsi\u00adti\u00adon-rela\u00adted adjustments<\/td>\n<td colspan=\"2\">(52)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(50)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">NON-GAAP<\/span> R<span class=\"amp\">&amp;<\/span>D and <span class=\"caps\">MG<\/span><span class=\"amp\">&amp;<\/span>A<\/strong><\/b><\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>4,655&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>4,694&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">GAAP<\/span> <span class=\"caps\">OPERATING<\/span> <span class=\"caps\">INCOME<\/span><\/strong><\/b><\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>5,059&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>6,447&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Acqui\u00adsi\u00adti\u00adon-rela\u00adted adjustments<\/td>\n<td colspan=\"2\">362&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">338&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Res\u00adtruc\u00adtu\u00adring and other charges<\/td>\n<td colspan=\"2\">(25)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">104&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">NON-GAAP<\/span> <span class=\"caps\">OPERATING<\/span> <span class=\"caps\">INCOME<\/span><\/strong><\/b><\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>5,396&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>6,889&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">GAAP<\/span> <span class=\"caps\">TAX<\/span>&nbsp;<span class=\"caps\">RATE<\/span><\/strong><\/b><\/td>\n<td colspan=\"2\"><b><strong>15.2&nbsp;<\/strong><\/b><\/td>\n<td><b><strong>%<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>10.8&nbsp;<\/strong><\/b><\/td>\n<td><b><strong>%<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>Other<\/td>\n<td colspan=\"2\">0.1&nbsp;<\/td>\n<td>%<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(0.1)<\/td>\n<td>%<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">NON-GAAP<\/span> <span class=\"caps\">TAX<\/span>&nbsp;<span class=\"caps\">RATE<\/span><\/strong><\/b><\/td>\n<td colspan=\"2\"><b><strong>15.3&nbsp;<\/strong><\/b><\/td>\n<td><b><strong>%<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\"><b><strong>10.8&nbsp;<\/strong><\/b><\/td>\n<td><b><strong>%<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">GAAP<\/span> <span class=\"caps\">NET<\/span> <span class=\"caps\">INCOME<\/span><\/strong><\/b><\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>4,276&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>5,990&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Acqui\u00adsi\u00adti\u00adon-rela\u00adted adjustments<\/td>\n<td colspan=\"2\">362&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">338&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Res\u00adtruc\u00adtu\u00adring and other charges<\/td>\n<td colspan=\"2\">(25)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">104&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>(Gains) los\u00adses from divestiture<\/td>\n<td colspan=\"2\">(6)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Ongo\u00ading mark-to-mar\u00adket on mar\u00adke\u00adta\u00adble equi\u00adty securities<\/td>\n<td colspan=\"2\">146&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(114)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Inco\u00adme tax effect<\/td>\n<td colspan=\"2\">(78)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(29)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">NON-GAAP<\/span> <span class=\"caps\">NET<\/span> <span class=\"caps\">INCOME<\/span><\/strong><\/b><\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>4,675&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>6,289&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">GAAP<\/span> <span class=\"caps\">DILUTED<\/span> <span class=\"caps\">EARNINGS<\/span> <span class=\"caps\">PER<\/span> <span class=\"caps\">COMMON<\/span> <span class=\"caps\">SHARE<\/span><\/strong><\/b><\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>1.02&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>1.35&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Acqui\u00adsi\u00adti\u00adon-rela\u00adted adjustments<\/td>\n<td colspan=\"2\">0.09&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">0.08&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Res\u00adtruc\u00adtu\u00adring and other charges<\/td>\n<td colspan=\"2\">(0.01)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">0.02&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>(Gains) los\u00adses from divestiture<\/td>\n<td colspan=\"2\">\u2014&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">\u2014&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Ongo\u00ading mark-to-mar\u00adket on mar\u00adke\u00adta\u00adble equi\u00adty securities<\/td>\n<td colspan=\"2\">0.03&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(0.02)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Inco\u00adme tax effect<\/td>\n<td colspan=\"2\">(0.02)<\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td colspan=\"2\">(0.01)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">NON-GAAP<\/span> <span class=\"caps\">DILUTED<\/span> <span class=\"caps\">EARNINGS<\/span> <span class=\"caps\">PER<\/span> <span class=\"caps\">COMMON<\/span> <span class=\"caps\">SHARE<\/span><\/strong><\/b><\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>1.11&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<td>&nbsp;<\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>1.42&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"font-weight: 400;\">&nbsp;<\/p>\n<table style=\"font-weight: 400;\">\n<tbody>\n<tr>\n<td>&nbsp;<\/td>\n<td colspan=\"3\"><b><strong>Nine Months Ended<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td><b><strong>(In Mil\u00adli\u00adons)<\/strong><\/b><\/td>\n<td colspan=\"3\"><b><strong>2020<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">GAAP<\/span> <span class=\"caps\">CASH<\/span> <span class=\"caps\">FROM<\/span> <span class=\"caps\">OPERATIONS<\/span><\/strong><\/b><\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>25,494&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>Addi\u00adti\u00adons to pro\u00adper\u00adty, plant and equipment<\/td>\n<td colspan=\"2\">(10,392)<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">FREE<\/span> <span class=\"caps\">CASH<\/span>&nbsp;<span class=\"caps\">FLOW<\/span><\/strong><\/b><\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>15,102&nbsp;<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;<\/td>\n<td colspan=\"3\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">GAAP<\/span> <span class=\"caps\">CASH<\/span> <span class=\"caps\">USED<\/span> <span class=\"caps\">FOR<\/span> <span class=\"caps\">INVESTING<\/span> <span class=\"caps\">ACTIVITIES<\/span><\/strong><\/b><\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>(15,112)<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td><b><strong><span class=\"caps\">GAAP<\/span> <span class=\"caps\">CASH<\/span> <span class=\"caps\">PROVIDED<\/span> <span class=\"caps\">BY<\/span> (<span class=\"caps\">USED<\/span> <span class=\"caps\">FOR<\/span>) <span class=\"caps\">FINANCING<\/span> <span class=\"caps\">ACTIVITIES<\/span><\/strong><\/b><\/td>\n<td><b><strong>$<\/strong><\/b><\/td>\n<td><b><strong>(11,220)<\/strong><\/b><\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"font-weight: 400;\">&nbsp;<\/p>\n<p style=\"font-weight: 400;\">Released Octo\u00adber 22,&nbsp;2020<\/p>\n","protected":false},"excerpt":{"rendered":"<p><b><strong>News Sum\u00adma\u00adry:<\/strong><\/b><\/p>\n<ul>\n<li>Third-quar\u00adter reve\u00adnue of $18.3 bil\u00adli\u00adon was abo\u00adve July expec\u00adta\u00adti\u00adons, down 4 per\u00adcent year-over-year (YoY). Data-cen\u00adtric reve\u00adnue* decli\u00adned 10 per\u00adcent while PC-cen\u00adtric reve\u00adnue was bet\u00adter than expec\u00adted, up 1 per\u00adcent&nbsp;YoY.<\/li>\n<li>Third-quar\u00adter <span class=\"caps\">GAAP<\/span> ear\u00adnings-per-share (<span class=\"caps\">EPS<\/span>) was $1.02, down 25 per\u00adcent YoY; non-GAAP <span class=\"caps\">EPS<\/span> of $1.11 was down 22 per\u00adcent YoY, abo\u00adve July expectations.<\/li>\n<li>Year-to-date, gene\u00adra\u00adted $25.5 bil\u00adli\u00adon cash from ope\u00adra\u00adti\u00adons and $15.1 bil\u00adli\u00adon of free cash flow and paid divi\u00addends of $4.2 billion.<\/li>\n<li>Announ\u00adced agree\u00adment to sell Intel <span class=\"caps\">NAND<\/span> memo\u00adry and sto\u00adrage busi\u00adness to <span class=\"caps\">SK<\/span> hynix for $9.0 billion.1<\/li>\n<li>Rai\u00adsing full-year reve\u00adnue and ear\u00adnings expec\u00adta\u00adti\u00adons from July gui\u00addance. Expec\u00adting 5 per\u00adcent top-line growth YoY in 2020 with full-year reve\u00adnue of $75.3 bil\u00adli\u00adon; <span class=\"caps\">GAAP<\/span> <span class=\"caps\">EPS<\/span> of $4.55 and non-GAAP <span class=\"caps\">EPS<\/span> of $4.90.<\/li>\n<\/ul>\n<p><span class=\"caps\">SANTA<\/span> <span class=\"caps\">CLARA<\/span>, Calif., Octo\u00adber&nbsp;22, 2020 \u2014 Intel Cor\u00adpo\u00adra\u00adti\u00adon today repor\u00adted third-quar\u00adter 2020 finan\u00adcial results.<\/p>\n<p><span class=\"dquo\">\u201c<\/span>Our teams deli\u00adver\u00aded solid third-quar\u00adter results that excee\u00added our expec\u00adta\u00adti\u00adons despi\u00adte pan\u00adde\u00admic-rela\u00adted impacts in signi\u00adfi\u00adcant por\u00adti\u00adons of the busi\u00adness,\u201d said Bob Swan, Intel <span class=\"caps\">CEO<\/span>. \u201cNine months into 2020, we\u2019re fore\u00adcas\u00adting growth and ano\u00adther record year, even as we mana\u00adge through mas\u00adsi\u00adve demand shifts and eco\u00adno\u00admic uncer\u00adtain\u00adty. We remain con\u00adfi\u00addent in our stra\u00adtegy and the long-term value we\u2019ll crea\u00adte as we deli\u00adver lea\u00adder\u00adship pro\u00adducts and aim to win share in a diver\u00adsi\u00adfied mar\u00adket fue\u00adled by data and the rise of <span class=\"caps\">AI<\/span>, <span class=\"caps\">5G<\/span> net\u00adworks and edge com\u00adpu\u00adting.\u201d (\u2026) <a class=\"moretag\" href=\"https:\/\/www.planet3dnow.de\/cms\/59206-intel-reports-third-quarter-2020-financial-results\/\">Wei\u00adter\u00adle\u00adsen&nbsp;\u00bb<\/a><\/p>\n","protected":false},"author":593,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"ngg_post_thumbnail":0,"footnotes":""},"categories":[22],"tags":[1004,2398,368],"class_list":["post-59206","post","type-post","status-publish","format-standard","hentry","category-pressemitteilungen","tag-intel","tag-q3-2020","tag-quartalszahlen","entry"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/59206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/users\/593"}],"replies":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/comments?post=59206"}],"version-history":[{"count":1,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/59206\/revisions"}],"predecessor-version":[{"id":59207,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/59206\/revisions\/59207"}],"wp:attachment":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/media?parent=59206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/categories?post=59206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/tags?post=59206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}