{"id":67912,"date":"2023-04-28T09:33:59","date_gmt":"2023-04-28T07:33:59","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=67912"},"modified":"2023-04-28T09:33:59","modified_gmt":"2023-04-28T07:33:59","slug":"intel-reports-first-quarter-2023-financial-results","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/67912-intel-reports-first-quarter-2023-financial-results\/","title":{"rendered":"Intel Reports First-Quarter 2023 Financial Results"},"content":{"rendered":"<p><u><span class=\"caps\">NEWS<\/span> <span class=\"caps\">SUMMARY<\/span><\/u><\/p>\n<ul>\n<li>First-quar\u00adter reve\u00adnue of $11.7 bil\u00adli\u00adon, down 36% year over year (YoY).<\/li>\n<li>First-quar\u00adter <span class=\"caps\">GAAP<\/span> ear\u00adnings (loss) per share (<span class=\"caps\">EPS<\/span>) attri\u00adbu\u00adta\u00adble to Intel was $(0.66); non-GAAP <span class=\"caps\">EPS<\/span> attri\u00adbu\u00adta\u00adble to Intel was $(0.04).<\/li>\n<li>Fore\u00adcas\u00adting second-quar\u00adter 2023 reve\u00adnue of $11.5 bil\u00adli\u00adon to $12.5 bil\u00adli\u00adon; expec\u00adting second-quar\u00adter <span class=\"caps\">EPS<\/span> of $(0.62); non-GAAP <span class=\"caps\">EPS<\/span> of $(0.04).<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span class=\"caps\">SANTA<\/span> <span class=\"caps\">CLARA<\/span>, Calif., April 27, 2023 \u2013 Intel Cor\u00adpo\u00adra\u00adti\u00adon today repor\u00adted first-quar\u00adter 2023 finan\u00adcial results.<\/p>\n<p><span class=\"dquo\">\u201c<\/span>We deli\u00adver\u00aded solid first-quar\u00adter results, repre\u00adsen\u00adting ste\u00adady pro\u00adgress with our trans\u00adfor\u00adma\u00adti\u00adon,\u201d said Pat Gel\u00adsin\u00adger, Intel <span class=\"caps\">CEO<\/span>. \u201cWe hit key exe\u00adcu\u00adti\u00adon mile\u00adsto\u00adnes in our data cen\u00adter road\u00admap and demons\u00adtra\u00adted the health of the pro\u00adcess tech\u00adno\u00adlo\u00adgy under\u00adpin\u00adning it. While we remain cau\u00adtious on the macroe\u00adco\u00adno\u00admic out\u00adlook, we are focu\u00adsed on what we can con\u00adtrol as we deli\u00adver on <span class=\"caps\">IDM<\/span> 2.0: dri\u00adving con\u00adsis\u00adtent exe\u00adcu\u00adti\u00adon across pro\u00adcess and pro\u00adduct road\u00admaps and advan\u00adcing our foundry busi\u00adness to best posi\u00adti\u00adon us to capi\u00adta\u00adli\u00adze on the $1 tril\u00adli\u00adon mar\u00adket oppor\u00adtu\u00adni\u00adty&nbsp;ahead.\u201d<\/p>\n<p>David Zins\u00adner, Intel <span class=\"caps\">CFO<\/span>, said, \u201cWe excee\u00added our first-quar\u00adter expec\u00adta\u00adti\u00adons on the top and bot\u00adtom line, and con\u00adtin\u00adued to be disci\u00adpli\u00adned on expen\u00adse manage\u00adment as part of our com\u00admit\u00adment to dri\u00adve effi\u00adci\u00aden\u00adci\u00ades and cost savings. At the same time, we are prio\u00adri\u00adtiz\u00ading the invest\u00adments nee\u00added to advan\u00adce our stra\u00adtegy and estab\u00adlish an inter\u00adnal foundry model, one of the most con\u00adse\u00adquen\u00adti\u00adal steps we are taking to deli\u00adver on <span class=\"caps\">IDM<\/span> 2.0.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p><u><span class=\"caps\">Q1<\/span> 2023 Finan\u00adcial Highlights<\/u><\/p>\n<table width=\"684\">\n<tbody>\n<tr>\n<td width=\"167\">&nbsp;<\/td>\n<td colspan=\"3\" width=\"255\"><b><strong><span class=\"caps\">GAAP<\/span><\/strong><\/b><\/td>\n<td width=\"7\">&nbsp;<\/td>\n<td colspan=\"3\" width=\"255\"><b><strong>Non-GAAP<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"167\">&nbsp;<\/td>\n<td width=\"80\"><b><strong><span class=\"caps\">Q1<\/span> 2023<\/strong><\/b><\/td>\n<td width=\"80\"><b><strong><span class=\"caps\">Q1<\/span> 2022<\/strong><\/b><\/td>\n<td width=\"95\"><b><strong>vs. <span class=\"caps\">Q1<\/span>&nbsp;2022<\/strong><\/b><\/td>\n<td width=\"7\">&nbsp;<\/td>\n<td width=\"80\"><b><strong><span class=\"caps\">Q1<\/span> 2023<\/strong><\/b><\/td>\n<td width=\"80\"><b><strong><span class=\"caps\">Q1<\/span> 2022<\/strong><\/b><\/td>\n<td width=\"95\"><b><strong>vs. <span class=\"caps\">Q1<\/span>&nbsp;2022<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"167\">Reve\u00adnue ($B)<\/td>\n<td width=\"80\">$11.7<\/td>\n<td width=\"80\">$18.4<\/td>\n<td width=\"95\">down 36%<\/td>\n<td width=\"7\">&nbsp;<\/td>\n<td width=\"80\">&nbsp;<\/td>\n<td width=\"80\">&nbsp;<\/td>\n<td width=\"95\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"167\">Gross Mar\u00adgin<\/td>\n<td width=\"80\">34.2%<\/td>\n<td width=\"80\">50.4%<\/td>\n<td width=\"95\">down 16.2&nbsp;ppts<\/td>\n<td width=\"7\">&nbsp;<\/td>\n<td width=\"80\">38.4%<\/td>\n<td width=\"80\">53.1%<\/td>\n<td width=\"95\">down 14.7&nbsp;ppts<\/td>\n<\/tr>\n<tr>\n<td width=\"167\">R<span class=\"amp\">&amp;<\/span>D and <span class=\"caps\">MG<\/span><span class=\"amp\">&amp;<\/span>A ($B)<\/td>\n<td width=\"80\">$5.4<\/td>\n<td width=\"80\">$6.1<\/td>\n<td width=\"95\">down 11%<\/td>\n<td width=\"7\">&nbsp;<\/td>\n<td width=\"80\">$4.8<\/td>\n<td width=\"80\">$5.5<\/td>\n<td width=\"95\">down 13%<\/td>\n<\/tr>\n<tr>\n<td width=\"167\">Ope\u00adra\u00adting Margin<\/td>\n<td width=\"80\">(12.5)%<\/td>\n<td width=\"80\">23.7%<\/td>\n<td width=\"95\">down 36.2&nbsp;ppts<\/td>\n<td width=\"7\">&nbsp;<\/td>\n<td width=\"80\">(2.5)%<\/td>\n<td width=\"80\">23.1%<\/td>\n<td width=\"95\">down 25.6&nbsp;ppts<\/td>\n<\/tr>\n<tr>\n<td width=\"167\">Tax Rate<\/td>\n<td width=\"80\">(139.0)%<\/td>\n<td width=\"80\">16.0%<\/td>\n<td width=\"95\">n\/m<sup>1<\/sup><\/td>\n<td width=\"7\">&nbsp;<\/td>\n<td width=\"80\">13.0%<\/td>\n<td width=\"80\">13.0%<\/td>\n<td width=\"95\">\u2014<\/td>\n<\/tr>\n<tr>\n<td width=\"167\">Net Inco\u00adme (loss) Attri\u00adbu\u00adta\u00adble to Intel ($B)<\/td>\n<td width=\"80\">$(2.8)<\/td>\n<td width=\"80\">$8.1<\/td>\n<td width=\"95\">down 134%<\/td>\n<td width=\"7\">&nbsp;<\/td>\n<td width=\"80\">$(0.2)<\/td>\n<td width=\"80\">$3.6<\/td>\n<td width=\"95\">down 105%<\/td>\n<\/tr>\n<tr>\n<td width=\"167\">Ear\u00adnings (loss) Per Share&nbsp; Attri\u00adbu\u00adta\u00adble to&nbsp;Intel<\/td>\n<td width=\"80\">$(0.66)<\/td>\n<td width=\"80\">$1.98<\/td>\n<td width=\"95\">down 133%<\/td>\n<td width=\"7\">&nbsp;<\/td>\n<td width=\"80\">$(0.04)<\/td>\n<td width=\"80\">$0.87<\/td>\n<td width=\"95\">down 105%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>In the first quar\u00adter, the com\u00adpa\u00adny used $(1.8) bil\u00adli\u00adon in cash from ope\u00adra\u00adti\u00adons and paid divi\u00addends of $1.5 billion.<\/p>\n<p><span style=\"font-weight: 400;\">&nbsp;<\/span><\/p>\n<p><u>Busi\u00adness Unit Summary<\/u><\/p>\n<p>Intel&nbsp;pre\u00advious\u00adly announ\u00adced the orga\u00adniza\u00adtio\u00adnal chan\u00adge to inte\u00adgra\u00adte its Acce\u00adle\u00adra\u00adted Com\u00adpu\u00adting Sys\u00adtems and Gra\u00adphics Group into its Cli\u00adent Com\u00adpu\u00adting Group and Data Cen\u00adter and <span class=\"caps\">AI<\/span> Group. This chan\u00adge is inten\u00added to dri\u00adve a more effec\u00adti\u00adve go-to-mar\u00adket capa\u00adbi\u00adli\u00adty and to acce\u00adle\u00adra\u00adte the sca\u00adle of the\u00adse busi\u00adnesses, while also redu\u00adcing cos\u00adts. As a result, the com\u00adpa\u00adny modi\u00adfied its seg\u00adment report\u00ading in the first quar\u00adter of 2023 to ali\u00adgn to this and cer\u00adtain other busi\u00adness reor\u00adga\u00adniza\u00adti\u00adons. All pri\u00ador-peri\u00adod seg\u00adment data has been retro\u00ads\u00adpec\u00adtively adjus\u00adted to reflect the way the com\u00adpa\u00adny intern\u00adal\u00adly recei\u00adves infor\u00adma\u00adti\u00adon and mana\u00adges and moni\u00adtors ope\u00adra\u00adting seg\u00adment per\u00adfor\u00admance start\u00ading in fis\u00adcal year&nbsp;2023.<\/p>\n<table width=\"684\">\n<tbody>\n<tr>\n<td width=\"378\"><b><strong>Busi\u00adness Unit Reve\u00adnue and Trends<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"160\"><b><strong><span class=\"caps\">Q1<\/span> 2023<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td colspan=\"2\" width=\"134\"><b><strong>vs. <span class=\"caps\">Q1<\/span>&nbsp;2022<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"378\">Cli\u00adent Com\u00adpu\u00adting Group (<span class=\"caps\">CCG<\/span>)<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"160\">$5.8 bil\u00adli\u00adon<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"67\">down<\/td>\n<td width=\"67\">38%<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"378\">Data Cen\u00adter and <span class=\"caps\">AI<\/span> (<span class=\"caps\">DCAI<\/span>)<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"160\">$3.7 bil\u00adli\u00adon<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"67\">down<\/td>\n<td width=\"67\">39%<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"378\">Net\u00adwork and Edge (<span class=\"caps\">NEX<\/span>)<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"160\">$1.5 bil\u00adli\u00adon<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"67\">down<\/td>\n<td width=\"67\">30%<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"378\">Mobi\u00adleye<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"160\">$458 mil\u00adli\u00adon<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"67\">up<\/td>\n<td width=\"67\">16%<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"378\">Intel Foundry Ser\u00advices (<span class=\"caps\">IFS<\/span>)<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"160\">$118 mil\u00adli\u00adon<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"67\">down<\/td>\n<td width=\"67\">24%<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b><strong>Busi\u00adness Highlights<\/strong><\/b><\/p>\n<p><b><strong>&nbsp;<\/strong><\/b><\/p>\n<p>\u25aa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intel con\u00adti\u00adnues to be on track to meet its goal of achie\u00adving five nodes in four years, with two of the five nodes near\u00adly com\u00adple\u00adte. Intel 7 is in high-volu\u00adme manu\u00adfac\u00adtu\u00adring and <span class=\"caps\">CCG<\/span>\u2019s Mete\u00ador Lake pro\u00adduct on Intel 4 is ram\u00adping pro\u00adduc\u00adtion wafer starts for an expec\u00adted launch in the second half of 2023. Intel 3, Intel <span class=\"caps\">20A<\/span>, and Intel <span class=\"caps\">18A<\/span> remain on&nbsp;track.<\/p>\n<p>\u25aa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span class=\"caps\">DCAI<\/span> ship\u00adped its 4th&nbsp;Gen Intel<sup>\u00ae<\/sup>&nbsp;Xeon<sup>\u00ae<\/sup>&nbsp;Sca\u00adlable pro\u00adces\u00adsors (code-named Sap\u00adphi\u00adre Rapids), a cri\u00adti\u00adcal part of Intel\u2019s hete\u00adro\u00adge\u00adneous hard\u00adware and soft\u00adware port\u00adfo\u00adlio to acce\u00adle\u00adra\u00adte real-world workloads, inclu\u00adding <span class=\"caps\">AI<\/span>, as it looks to tru\u00adly demo\u00adcra\u00adti\u00adze <span class=\"caps\">AI<\/span> through an open and secu\u00adre eco\u00adsys\u00adtem approach.<\/p>\n<p>\u25aa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span class=\"caps\">DCAI<\/span> also announ\u00adced it expects to deli\u00adver Intel\u2019s 5th Gen Xeon Sca\u00adlable pro\u00adces\u00adsor, Emer\u00adald Rapids, later this year. In addi\u00adti\u00adon, the busi\u00adness nar\u00adro\u00adwed the deli\u00advery win\u00addow for Sier\u00adra Forest, which is expec\u00adted to ship to cus\u00adto\u00admers in the first half of 2024, with Gra\u00adni\u00adte Rapids expec\u00adted to fol\u00adlow short\u00adly the\u00adre\u00adaf\u00adter. Cle\u00adar\u00adwa\u00adter Forest, the fol\u00adlow-on to Sier\u00adra Forest, is expec\u00adted to ship in 2025, and will be manu\u00adfac\u00adtu\u00adred on Intel <span class=\"caps\">18A<\/span>, the node desi\u00adgned to achie\u00adve pro\u00adcess lea\u00adder\u00adship and repre\u00adsen\u00adting the cul\u00admi\u00adna\u00adti\u00adon of the company\u2019s five-nodes-in-four-years stra\u00adtegy. Addi\u00adtio\u00adnal\u00adly, the Pro\u00adgramma\u00adble Solu\u00adti\u00adons Group (<span class=\"caps\">PSG<\/span>) had an all-time record reve\u00adnue quar\u00adter in&nbsp;<span class=\"caps\">Q1<\/span>.<\/p>\n<p>\u25aa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span class=\"caps\">IFS<\/span> and Arm announ\u00adced a mul\u00adti\u00adge\u00adne\u00adra\u00adti\u00adon agree\u00adment to enable chip desi\u00adgners to build low-power com\u00adpu\u00adte sys\u00adtem-on-chips (SoCs) on the Intel <span class=\"caps\">18A<\/span> pro\u00adcess. Intel deli\u00adver\u00aded and sup\u00adpli\u00aded the first mul\u00adti-chip packa\u00adge (<span class=\"caps\">MCP<\/span>) pro\u00adto\u00adty\u00adpes crea\u00adted under the U.S. Depart\u00adment of Defense\u2019s Sta\u00adte-of-the-Art Hete\u00adro\u00adge\u00adneous Inte\u00adgra\u00adted Pack\u00ada\u00adging (<span class=\"caps\">SHIP<\/span>) pro\u00adgram to <span class=\"caps\">BAE<\/span> Sys\u00adtems six quar\u00adters ahead of sche\u00addu\u00adle, show\u00adca\u00adsing the company\u2019s com\u00admit\u00adment to cus\u00adto\u00admers while fur\u00adther sup\u00adport\u00ading the <span class=\"caps\">DOD<\/span>\u2019s mis\u00adsi\u00adon to return the U.S. to a lea\u00adding role in the microelec\u00adtro\u00adnics ecosystem.<\/p>\n<p>\u25aa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span class=\"caps\">CCG<\/span> intro\u00addu\u00adced the 13th Gen Intel<sup>\u00ae<\/sup>&nbsp;Core\u2122 mobi\u00adle pro\u00adces\u00adsor fami\u00adly, led by the launch of the first 24-core pro\u00adces\u00adsor for a lap\u00adtop and world\u2019s fas\u00adtest mobi\u00adle pro\u00adces\u00adsor. Intel also intro\u00addu\u00adced the new Intel vPro<sup>\u00ae<\/sup>&nbsp;plat\u00adform powered by the full lin\u00ade\u00adup of 13th Gen Intel Core pro\u00adces\u00adsors. In 2023, the expan\u00adsi\u00adve com\u00admer\u00adcial port\u00adfo\u00adlio is expec\u00adted to deli\u00adver more than 170 note\u00adbooks, desk\u00adtops, and ent\u00adry work\u00adsta\u00adtions from part\u00adners inclu\u00adding Acer, <span class=\"caps\">ASUS<\/span>, Dell, <span class=\"caps\">HP<\/span>, Leno\u00advo, Fuji\u00adtsu, Pana\u00adso\u00adnic, and Sam\u00adsung Electronics.<\/p>\n<p>\u25aa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span class=\"caps\">NEX<\/span> laun\u00adched its 4th Gen Intel Xeon Sca\u00adlable pro\u00adces\u00adsors with Intel<sup>\u00ae<\/sup>&nbsp;vRAN Boost, deli\u00adve\u00adring two times the capa\u00adci\u00adty gains gene\u00adra\u00adti\u00adon-over-gene\u00adra\u00adti\u00adon within the same power enve\u00adlo\u00adpe<sup>1<\/sup>&nbsp;and up to an addi\u00adtio\u00adnal 20% power savings<sup>2<\/sup>&nbsp;with inte\u00adgra\u00adted acce\u00adle\u00adra\u00adti\u00adon, with exten\u00adsi\u00adve indus\u00adtry sup\u00adport from Erics\u00adson, Veri\u00adzon, Tele\u00adfo\u00adni\u00adca, and Voda\u00adfone, among many others.<\/p>\n<p>\u25aa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mobi\u00adleye con\u00adti\u00adnues to grow signi\u00adfi\u00adcant\u00adly fas\u00adter than under\u00adly\u00ading auto\u00admo\u00adti\u00adve end-mar\u00adkets, achie\u00adving record first quar\u00adter revenue.<\/p>\n<p><b><strong>&nbsp;<\/strong><\/b><\/p>\n<p><u>Busi\u00adness Outlook<\/u><\/p>\n<p>Intel\u2019s gui\u00addance for the second quar\u00adter of 2023 includes both <span class=\"caps\">GAAP<\/span> and non-GAAP esti\u00adma\u00adtes. Recon\u00adci\u00adlia\u00adti\u00adons bet\u00adween <span class=\"caps\">GAAP<\/span> and non-GAAP finan\u00adcial mea\u00adsu\u00adres are included below.*<\/p>\n<table width=\"687\">\n<tbody>\n<tr>\n<td width=\"391\"><b><strong><span class=\"caps\">Q2<\/span> 2023<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"143\"><b><strong><span class=\"caps\">GAAP<\/span>*<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"144\"><b><strong>Non-GAAP*<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"391\">&nbsp;<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"143\">Appro\u00adxi\u00adm\u00adate\u00adly<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"144\">Appro\u00adxi\u00adm\u00adate\u00adly<\/td>\n<\/tr>\n<tr>\n<td width=\"391\">Reve\u00adnue<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"143\">$11.5\u201312.5 bil\u00adli\u00adon<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"144\">$11.5\u201312.5 bil\u00adli\u00adon^<\/td>\n<\/tr>\n<tr>\n<td width=\"391\">Gross mar\u00adgin<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"143\">33.2%<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"144\">37.5%<\/td>\n<\/tr>\n<tr>\n<td width=\"391\">Tax rate<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"143\">(85)%<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"144\">13%<\/td>\n<\/tr>\n<tr>\n<td width=\"391\">Ear\u00adnings (loss) per share attri\u00adbu\u00adta\u00adble to Intel \u2014 diluted<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"143\">$(0.62)<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"144\">$(0.04)<\/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>*Effec\u00adti\u00adve Janu\u00adary 2023, Intel increased the esti\u00adma\u00adted useful life of cer\u00adtain pro\u00adduc\u00adtion machi\u00adnery and equip\u00adment from five years to eight years. When com\u00adpared to the esti\u00adma\u00adted useful life in place as of the end of 2022, we expect total depre\u00adcia\u00adti\u00adon expen\u00adse in 2023 to be redu\u00adced by $4.1 bil\u00adli\u00adon. We expect this chan\u00adge will result in an appro\u00adxi\u00adm\u00adate\u00adly $2.3 bil\u00adli\u00adon increase to gross mar\u00adgin, a $400 mil\u00adli\u00adon decrease in R<span class=\"amp\">&amp;<\/span>D expen\u00adses, and a $1.4 bil\u00adli\u00adon decrease in ending inven\u00adto\u00adry values. Intel\u2019s <span class=\"caps\">Q2<\/span> 2023 out\u00adlook includes an appro\u00adxi\u00adm\u00adate\u00adly $500 mil\u00adli\u00adon bene\u00adfit to ope\u00adra\u00adting mar\u00adgin or $0.10 bene\u00adfit to <span class=\"caps\">EPS<\/span> from this chan\u00adge, split appro\u00adxi\u00adm\u00adate\u00adly 80% to cost of sales and 20% to ope\u00adra\u00adting expen\u00adses. The chan\u00adge in depre\u00adcia\u00adble life will not be coun\u00adted toward the $3 bil\u00adli\u00adon in cost savings in 2023 or the $8 bil\u00adli\u00adon to $10 bil\u00adli\u00adon exi\u00adting 2025 com\u00admu\u00adni\u00adca\u00adted at <span class=\"caps\">Q3<\/span> 2022 earnings.&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><u>Ear\u00adnings Webcast<\/u><\/p>\n<p>Intel will hold a public web\u00adcast at 2 p.m. <span class=\"caps\">PST<\/span> today to dis\u00adcuss the results for its first quar\u00adter 2023. The live public web\u00adcast can be acces\u00adsed on Intel\u2019s Inves\u00adtor Rela\u00adti\u00adons web\u00adsite at&nbsp;www.intc.com. The cor\u00adre\u00adspon\u00adding ear\u00adnings pre\u00adsen\u00adta\u00adti\u00adon and web\u00adcast replay will also be available on the&nbsp;site.<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">&nbsp;<\/span><\/p>\n<p><u>For\u00adward-Loo\u00adking Statements<\/u><\/p>\n<p>This release&nbsp;con\u00adta\u00adins for\u00adward-loo\u00adking state\u00adments that invol\u00adve a num\u00adber of risks and uncer\u00adtain\u00adties.&nbsp;Words such as \u201cacce\u00adle\u00adra\u00adte,\u201d \u201cachie\u00adve,\u201d \u201caim,\u201d \u201cambi\u00adti\u00adons,\u201d \u201canti\u00adci\u00adpa\u00adte,\u201d \u201cbelie\u00adve,\u201d \u201ccom\u00admit\u00adted,\u201d \u201ccon\u00adti\u00adnue,\u201d \u201ccould,\u201d \u201cdesi\u00adgned,\u201d \u201cesti\u00adma\u00adte,\u201d \u201cexpect,\u201d \u201cfore\u00adcast,\u201d \u201cfuture,\u201d \u201cgoals,\u201d \u201cgrow,\u201d \u201cgui\u00addance,\u201d \u201cintend,\u201d \u201clikely,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cmile\u00adsto\u00adnes,\u201d \u201cnext gene\u00adra\u00adti\u00adon,\u201d \u201cobjec\u00adti\u00adve,\u201d \u201con track,\u201d \u201coppor\u00adtu\u00adni\u00adty,\u201d \u201cout\u00adlook,\u201d \u201cpen\u00adding,\u201d \u201cplan,\u201d \u201cposi\u00adti\u00adon,\u201d \u201cpoten\u00adti\u00adal,\u201d \u201cpos\u00adsi\u00adble,\u201d \u201cpre\u00addict,\u201d \u201cpro\u00adgress,\u201d \u201cramp,\u201d \u201croad\u00admap,\u201d \u201cseeks,\u201d \u201cshould,\u201d \u201cstri\u00adve,\u201d \u201ctar\u00adgets,\u201d \u201cto be,\u201d \u201cupco\u00adming,\u201d \u201cwill,\u201d \u201cwould,\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, which may include state\u00adments regarding:<\/p>\n<ul>\n<li>our busi\u00adness plans and stra\u00adtegy and anti\u00adci\u00adpa\u00adted bene\u00adfits the\u00adr\u00ade\u00adf\u00adrom, inclu\u00adding our <span class=\"caps\">IDM<\/span> 2.0 stra\u00adtegy, our part\u00adner\u00adship with Brook\u00adfield, the tran\u00adsi\u00adti\u00adon to an inter\u00adnal foundry model, and updates to our report\u00ading structure;<\/li>\n<li>pro\u00adjec\u00adtions of our future finan\u00adcial per\u00adfor\u00admance, inclu\u00adding future reve\u00adnue, gross mar\u00adgins, capi\u00adtal expen\u00addit\u00adures, and cash&nbsp;flows;<\/li>\n<li>pro\u00adjec\u00adted cos\u00adts and yield trends;<\/li>\n<li>future cash requi\u00adre\u00adments and the avai\u00adla\u00adbi\u00adli\u00adty, uses, suf\u00adfi\u00adci\u00aden\u00adcy, and cost of capi\u00adtal resour\u00adces, and sources of fun\u00adding, inclu\u00adding future capi\u00adtal and R<span class=\"amp\">&amp;<\/span>D invest\u00adments, cre\u00addit rating expec\u00adta\u00adti\u00adons, and expec\u00adted returns to stock\u00adhol\u00adders such as stock repurcha\u00adses and dividends;<\/li>\n<li>future pro\u00adducts, ser\u00advices and tech\u00adno\u00adlo\u00adgies, and the expec\u00adted goals, time\u00adline, ramps, pro\u00adgress, avai\u00adla\u00adbi\u00adli\u00adty, pro\u00adduc\u00adtion, regu\u00adla\u00adti\u00adon and bene\u00adfits of such pro\u00adducts, ser\u00advices and tech\u00adno\u00adlo\u00adgies, inclu\u00adding future pro\u00adcess nodes and pack\u00ada\u00adging tech\u00adno\u00adlo\u00adgy, pro\u00adduct road\u00admaps, sche\u00addu\u00adles, future pro\u00adduct archi\u00adtec\u00adtures, expec\u00adta\u00adti\u00adons regar\u00adding pro\u00adcess per\u00adfor\u00admance, per-watt pari\u00adty, and metrics and expec\u00adta\u00adti\u00adons regar\u00adding pro\u00adduct and pro\u00adcess leadership;<\/li>\n<li>invest\u00adment plans, and impacts of invest\u00adment plans, inclu\u00adding in the <span class=\"caps\">US<\/span> and abroad;<\/li>\n<li>inter\u00adnal and exter\u00adnal manu\u00adfac\u00adtu\u00adring plans, inclu\u00adding future inter\u00adnal manu\u00adfac\u00adtu\u00adring volu\u00admes, manu\u00adfac\u00adtu\u00adring expan\u00adsi\u00adon plans and the finan\u00adcing the\u00adr\u00ade\u00adfor, and exter\u00adnal foundry usage;<\/li>\n<li>future pro\u00adduc\u00adtion capa\u00adci\u00adty and pro\u00adduct supply;<\/li>\n<li>sup\u00adp\u00adly expec\u00adta\u00adti\u00adons, inclu\u00adding regar\u00adding cons\u00adtraints, limi\u00adta\u00adti\u00adons, pri\u00adcing, and indus\u00adtry shortages;<\/li>\n<li>plans and goals rela\u00adted to Intel\u2019s foundry busi\u00adness, inclu\u00adding with respect to future manu\u00adfac\u00adtu\u00adring capa\u00adci\u00adty and foundry ser\u00advice offe\u00adrings, inclu\u00adding tech\u00adno\u00adlo\u00adgy and <span class=\"caps\">IP<\/span> offerings;<\/li>\n<li>expec\u00adted timing and impact of acqui\u00adsi\u00adti\u00adons, dives\u00adti\u00adtures, and other signi\u00adfi\u00adcant tran\u00adsac\u00adtions, inclu\u00adding state\u00adments rela\u00adting to the com\u00adple\u00adti\u00adon of our acqui\u00adsi\u00adti\u00adon of Tower Semi\u00adcon\u00adduc\u00adtor Ltd. and the sale of our <span class=\"caps\">NAND<\/span> memo\u00adry business;<\/li>\n<li>expec\u00adted com\u00adple\u00adti\u00adon and impacts of res\u00adtruc\u00adtu\u00adring acti\u00advi\u00adties and cost-saving or effi\u00adci\u00aden\u00adcy initia\u00adti\u00adves, inclu\u00adding tho\u00adse rela\u00adted to the 2022 Res\u00adtruc\u00adtu\u00adring Program;<\/li>\n<li>future social and envi\u00adron\u00admen\u00adtal per\u00adfor\u00admance, goals, mea\u00adsu\u00adres and strategies;<\/li>\n<li>our anti\u00adci\u00adpa\u00adted growth, future mar\u00adket share, and trends in our busi\u00adnesses and operations;<\/li>\n<li>pro\u00adjec\u00adted growth and trends in mar\u00adkets rele\u00advant to our busi\u00adnesses, inclu\u00adding total addressa\u00adble mar\u00adket (<span class=\"caps\">TAM<\/span>);<\/li>\n<li>anti\u00adci\u00adpa\u00adted trends and impacts rela\u00adted to indus\u00adtry com\u00adpo\u00adnent, sub\u00adstra\u00adte, and foundry capa\u00adci\u00adty uti\u00adliza\u00adti\u00adon, shorta\u00adges and constraints;<\/li>\n<li>expec\u00adta\u00adti\u00adons regar\u00adding govern\u00adment incentives;<\/li>\n<li>future tech\u00adno\u00adlo\u00adgy trends;<\/li>\n<li>future macro envi\u00adron\u00admen\u00adtal and eco\u00adno\u00admic con\u00addi\u00adti\u00adons, inclu\u00adding regio\u00adnal or glo\u00adbal down\u00adturns or recessions;<\/li>\n<li>future respon\u00adses to and effects of <span class=\"caps\">COVID-19<\/span>, inclu\u00adding as to manu\u00adfac\u00adtu\u00adring, trans\u00adpor\u00adta\u00adti\u00adon and ope\u00adra\u00adtio\u00adnal rest\u00adric\u00adtions and dis\u00adrup\u00adti\u00adons and broa\u00adder eco\u00adno\u00admic conditions;<\/li>\n<li>geo\u00adpo\u00adli\u00adti\u00adcal con\u00addi\u00adti\u00adons, inclu\u00adding the impacts of Russia\u2019s war on Ukraine;<\/li>\n<li>tax- and accoun\u00adting-rela\u00adted expectations;<\/li>\n<li>expec\u00adta\u00adti\u00adons regar\u00adding our rela\u00adti\u00adonships with cer\u00adtain sanc\u00adtion\u00aded par\u00adties;&nbsp;and<\/li>\n<li>other cha\u00adrac\u00adte\u00adriza\u00adti\u00adons of future events or circumstances.<\/li>\n<\/ul>\n<p>Such state\u00adments invol\u00adve many risks and uncer\u00adtain\u00adties that could cau\u00adse our actu\u00adal results to dif\u00adfer mate\u00adri\u00adal\u00adly from tho\u00adse expres\u00adsed or impli\u00aded, including:<\/p>\n<ul>\n<li>chan\u00adges in demand for our products;<\/li>\n<li>chan\u00adges in pro\u00adduct&nbsp;mix;<\/li>\n<li>the com\u00adple\u00adxi\u00adty and fixed cost natu\u00adre of our manu\u00adfac\u00adtu\u00adring operations;<\/li>\n<li>the high level of com\u00adpe\u00adti\u00adti\u00adon and rapid tech\u00adno\u00adlo\u00adgi\u00adcal chan\u00adge in our industry;<\/li>\n<li>the signi\u00adfi\u00adcant upfront invest\u00adments in R<span class=\"amp\">&amp;<\/span>D and our busi\u00adness, pro\u00adducts, tech\u00adno\u00adlo\u00adgies, and manu\u00adfac\u00adtu\u00adring capabilities;<\/li>\n<li>vul\u00adnerabi\u00adli\u00adty to new pro\u00adduct deve\u00adlo\u00adp\u00adment and manu\u00adfac\u00adtu\u00adring-rela\u00adted risks, inclu\u00adding pro\u00adduct defects or erra\u00adta, par\u00adti\u00adcu\u00adlar\u00adly as we deve\u00adlop next gene\u00adra\u00adti\u00adon pro\u00adducts and imple\u00adment next gene\u00adra\u00adti\u00adon pro\u00adcess technologies;<\/li>\n<li>risks asso\u00adcia\u00adted with high\u00adly com\u00adplex glo\u00adbal sup\u00adp\u00adly chain, inclu\u00adding from dis\u00adrup\u00adti\u00adons, delays, trade ten\u00adsi\u00adons, or shortages;<\/li>\n<li>sales-rela\u00adted risks, inclu\u00adding cus\u00adto\u00admer con\u00adcen\u00adtra\u00adti\u00adon and the use of dis\u00adtri\u00adbu\u00adtors and other third parties;<\/li>\n<li>poten\u00adti\u00adal secu\u00adri\u00adty vul\u00adnerabi\u00adli\u00adties in our products;<\/li>\n<li>cyber\u00adse\u00adcu\u00adri\u00adty and pri\u00adva\u00adcy&nbsp;risks;<\/li>\n<li>invest\u00adment and tran\u00adsac\u00adtion&nbsp;risk;<\/li>\n<li><span class=\"caps\">IP<\/span> risks and risks asso\u00adcia\u00adted with liti\u00adga\u00adti\u00adon and regu\u00adla\u00adto\u00adry proceedings;<\/li>\n<li>evol\u00adving regu\u00adla\u00adto\u00adry and legal requi\u00adre\u00adments across many jurisdictions;<\/li>\n<li>geo\u00adpo\u00adli\u00adti\u00adcal and inter\u00adna\u00adtio\u00adnal trade conditions;<\/li>\n<li>our debt obligations;<\/li>\n<li>risks of lar\u00adge sca\u00adle glo\u00adbal operations;<\/li>\n<li>macroe\u00adco\u00adno\u00admic conditions;<\/li>\n<li>impacts of the <span class=\"caps\">COVID-19<\/span> or simi\u00adlar such pan\u00adde\u00admic;&nbsp;and<\/li>\n<li>other risks and uncer\u00adtain\u00adties descri\u00adbed in this release, our most recent Annu\u00adal Report on Form 10\u2011K and our other filings with the U.S. Secu\u00adri\u00adties and Exch\u00adan\u00adge Com\u00admis\u00adsi\u00adon (<span class=\"caps\">SEC<\/span>).<\/li>\n<\/ul>\n<p>Given the\u00adse risks and uncer\u00adtain\u00adties, rea\u00adders are cau\u00adtio\u00adned not to place undue reli\u00adance on such for\u00adward-loo\u00adking state\u00adments. Rea\u00adders are urged to careful\u00adly review and con\u00adsider the various dis\u00adclo\u00adsures made in this release and in other docu\u00adments we file from time to time with the <span class=\"caps\">SEC<\/span> that dis\u00adc\u00adlo\u00adse risks and uncer\u00adtain\u00adties that may affect our business.<\/p>\n<p>Unless spe\u00adci\u00adfi\u00adcal\u00adly indi\u00adca\u00adted other\u00adwi\u00adse, the for\u00adward-loo\u00adking state\u00adments in this release do not reflect the poten\u00adti\u00adal impact of any dives\u00adti\u00adtures, mer\u00adgers, acqui\u00adsi\u00adti\u00adons, or other busi\u00adness com\u00adbi\u00adna\u00adti\u00adons that have not been com\u00adple\u00adted as of the date of this release.&nbsp;In addi\u00adti\u00adon, the for\u00adward-loo\u00adking state\u00adments in this release are based on management\u2019s expec\u00adta\u00adti\u00adons as of the date of this release, unless an ear\u00adlier date is spe\u00adci\u00adfied, inclu\u00adding expec\u00adta\u00adti\u00adons based on third-par\u00adty infor\u00adma\u00adti\u00adon and pro\u00adjec\u00adtions that manage\u00adment belie\u00adves to be repu\u00adta\u00adble. We do not under\u00adta\u00adke, and express\u00adly dis\u00adclaims any duty, to update such state\u00adments, whe\u00adther as a result of new infor\u00adma\u00adti\u00adon, new deve\u00adlo\u00adp\u00adments, or other\u00adwi\u00adse, except to the ext\u00adent that dis\u00adclo\u00adsure may be requi\u00adred by&nbsp;law.<\/p>\n<p><span style=\"font-weight: 400;\">&nbsp;<\/span><\/p>\n<p><u>About Intel<\/u><\/p>\n<p>Intel (Nasdaq: <span class=\"caps\">INTC<\/span>) is an indus\u00adtry lea\u00adder, crea\u00adting world-chan\u00adging tech\u00adno\u00adlo\u00adgy that enables glo\u00adbal pro\u00adgress and enri\u00adches lives. Inspi\u00adred by Moore\u2019s Law, we con\u00adti\u00adnuous\u00adly work to advan\u00adce the design and manu\u00adfac\u00adtu\u00adring of semi\u00adcon\u00adduc\u00adtors to help address our cus\u00adto\u00admers\u2019 grea\u00adtest chal\u00adlenges. By embed\u00adding intel\u00adli\u00adgence in the cloud, net\u00adwork, edge and every kind of com\u00adpu\u00adting device, we unleash the poten\u00adti\u00adal of data to trans\u00adform busi\u00adness and socie\u00adty for the bet\u00adter. To learn more about Intel\u2019s inno\u00adva\u00adtions, go to&nbsp;newsroom.intel.com&nbsp;and&nbsp;intel.com.<\/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<p>&nbsp;<\/p>\n<p><b><strong><em>&nbsp;<\/em><\/strong><\/b><\/p>\n<p><b><strong><u>&nbsp;<\/u><\/strong><\/b><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">&nbsp;<\/span><\/p>\n<p>Intel Cor\u00adpo\u00adra\u00adti\u00adon<\/p>\n<p>Con\u00adso\u00adli\u00adda\u00adted Con\u00adden\u00adsed State\u00adments of Inco\u00adme and Other Information<\/p>\n<table width=\"678\">\n<tbody>\n<tr>\n<td width=\"503\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td colspan=\"3\" width=\"170\"><b><strong>Three Months Ended<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"503\"><b><strong>(In Mil\u00adli\u00adons, Except Per Share Amounts; Unaudited)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>Apr 1,&nbsp;2023<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>Apr 2,&nbsp;2022<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"503\"><b><strong>Net reve\u00adnue<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11,715<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18,353<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"503\">Cost of&nbsp;sales<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,707<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,109<\/td>\n<\/tr>\n<tr>\n<td width=\"503\"><b><strong>Gross mar\u00adgin<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,008<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,244<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"503\">Rese\u00adarch and development<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,109<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,362<\/td>\n<\/tr>\n<tr>\n<td width=\"503\">Mar\u00adke\u00adting, gene\u00adral, and administrative<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,303<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,752<\/td>\n<\/tr>\n<tr>\n<td width=\"503\">Res\u00adtruc\u00adtu\u00adring and other charges<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,211)<\/td>\n<\/tr>\n<tr>\n<td width=\"503\"><b><strong>Ope\u00adra\u00adting expenses<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,476<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,903<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"503\"><b><strong>Ope\u00adra\u00adting inco\u00adme (loss)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,468)<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,341<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"503\">Gains (los\u00adses) on equi\u00adty invest\u00adments, net<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,323<\/td>\n<\/tr>\n<tr>\n<td width=\"503\">Inte\u00adrest and other, net<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 997<\/td>\n<\/tr>\n<tr>\n<td width=\"503\"><b><strong>Inco\u00adme (loss) befo\u00adre&nbsp;taxes<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,158)<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,661<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"503\">Pro\u00advi\u00adsi\u00adon for&nbsp;taxes<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,610<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,548<\/td>\n<\/tr>\n<tr>\n<td width=\"503\"><b><strong>Net inco\u00adme (loss)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2,768)<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,113<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"503\">Less: Net inco\u00adme (loss) attri\u00adbu\u00adta\u00adble to non-con\u00adtrol\u00adling interests<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (10)<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \u2014<\/td>\n<\/tr>\n<tr>\n<td width=\"503\"><b><strong>Net inco\u00adme (loss) attri\u00adbu\u00adta\u00adble to&nbsp;Intel<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2,758)<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,113<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"503\"><b><strong>Ear\u00adnings (loss) per share attri\u00adbu\u00adta\u00adble to Intel\u2014basic<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (0.66)<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.99<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"503\"><b><strong>Ear\u00adnings (loss) per share attri\u00adbu\u00adta\u00adble to Intel\u2014diluted<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (0.66)<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.98<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"503\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"503\">Weigh\u00adted avera\u00adge shares of com\u00admon stock outstanding:<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"503\"><b><strong>Basic<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,154<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,079<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"503\"><b><strong>Diluted<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,154<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,107<\/strong><\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table width=\"684\">\n<tbody>\n<tr>\n<td width=\"508\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td colspan=\"3\" width=\"171\"><b><strong>Three Months Ended<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>(In Mil\u00adli\u00adons)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>Apr 1,&nbsp;2023<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>Apr 2,&nbsp;2022<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Ear\u00adnings per share of com\u00admon stock information:<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Weigh\u00adted avera\u00adge shares of com\u00admon stock outstanding\u2014basic<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,154<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,079<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Dilu\u00adti\u00adve effect of employee equi\u00adty incen\u00adti\u00adve&nbsp;plans<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \u2014<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28<\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Weigh\u00adted avera\u00adge shares of com\u00admon stock outstanding\u2014diluted<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,154<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,107<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Other infor\u00adma\u00adti\u00adon:<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Employees (in thousands)<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125.5<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122.9<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><sup>&nbsp;<\/sup><\/p>\n<p><sup style=\"font-weight: 400;\">&nbsp;<\/sup><\/p>\n<p>Intel Cor\u00adpo\u00adra\u00adti\u00adon<\/p>\n<p>Con\u00adso\u00adli\u00adda\u00adted Con\u00adden\u00adsed Balan\u00adce Sheets<\/p>\n<table width=\"683\">\n<tbody>\n<tr>\n<td width=\"499\"><b><strong>(In Mil\u00adli\u00adons, Except Par Value; Unaudited)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>Apr 1,&nbsp;2023<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>Dec 31,&nbsp;2022<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"499\"><b><strong>Assets<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"499\">Cur\u00adrent assets:<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"499\">Cash and cash equivalents<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,232<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11,144<\/td>\n<\/tr>\n<tr>\n<td width=\"499\">Short-term invest\u00adments<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19,302<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17,194<\/td>\n<\/tr>\n<tr>\n<td width=\"499\">Accounts receiva\u00adble,&nbsp;net<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,847<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,133<\/td>\n<\/tr>\n<tr>\n<td width=\"499\">Invent\u00adories<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"499\">Raw mate\u00adri\u00adals<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,358<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,517<\/td>\n<\/tr>\n<tr>\n<td width=\"499\">Work in process<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,415<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,565<\/td>\n<\/tr>\n<tr>\n<td width=\"499\">Finis\u00adhed&nbsp;goods<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,220<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,142<\/td>\n<\/tr>\n<tr>\n<td width=\"499\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12,993<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13,224<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"499\">Other cur\u00adrent assets<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,940<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,712<\/td>\n<\/tr>\n<tr>\n<td width=\"499\"><b><strong>Total cur\u00adrent assets<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48,314<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50,407<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"499\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"499\"><b><strong>Pro\u00adper\u00adty, plant and equip\u00adment,&nbsp;net<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85,734<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80,860<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"499\"><b><strong>Equi\u00adty investments<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,029<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,912<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"499\"><b><strong>Good\u00adwill<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27,591<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27,591<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"499\"><b><strong>Iden\u00adti\u00adfied intan\u00adgi\u00adble assets, net<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,567<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,018<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"499\"><b><strong>Other long-term assets<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12,068<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11,315<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"499\"><b><strong>Total assets<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185,303<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182,103<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"499\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"499\"><b><strong>Lia\u00adbi\u00adli\u00adties and stock\u00adhol\u00adders\u2019 equity<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"499\">Cur\u00adrent liabilities:<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"499\">Short-term debt<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,437<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,367<\/td>\n<\/tr>\n<tr>\n<td width=\"499\">Accounts paya\u00adble<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,083<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,595<\/td>\n<\/tr>\n<tr>\n<td width=\"499\">Accrued com\u00adpen\u00adsa\u00adti\u00adon and benefits<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,497<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,084<\/td>\n<\/tr>\n<tr>\n<td width=\"499\">Inco\u00adme taxes payable<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,046<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,251<\/td>\n<\/tr>\n<tr>\n<td width=\"499\">Other accrued liabilities<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11,330<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11,858<\/td>\n<\/tr>\n<tr>\n<td width=\"499\"><b><strong>Total cur\u00adrent liabilities<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27,393<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32,155<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"499\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"499\"><b><strong>Debt<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48,836<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37,684<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"499\"><b><strong>Long-term inco\u00adme taxes payable<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,831<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,796<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"499\"><b><strong>Other long-term liabilities<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,840<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,182<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"499\">Stock\u00adhol\u00adders\u2019 equity:<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"499\">Com\u00admon stock and capi\u00adtal in excess of par value, 4,171 issued and out\u00adstan\u00adding (4,137 issued and out\u00adstan\u00adding as of Decem\u00adber 31,&nbsp;2022)<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32,829<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31,580<\/td>\n<\/tr>\n<tr>\n<td width=\"499\">Accu\u00admu\u00adla\u00adted other com\u00adpre\u00adhen\u00adsi\u00adve inco\u00adme (loss)<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (419)<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (562)<\/td>\n<\/tr>\n<tr>\n<td width=\"499\">Retai\u00adned earnings<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 65,649<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 70,405<\/td>\n<\/tr>\n<tr>\n<td width=\"499\"><b><strong>Total Intel stock\u00adhol\u00adders\u2019 equity<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98,059<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101,423<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"499\"><b><strong>Non-con\u00adtrol\u00adling interests<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,344<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,863<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"499\"><b><strong>Total stock\u00adhol\u00adders\u2019 equity<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100,403<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103,286<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"499\"><b><strong>Total lia\u00adbi\u00adli\u00adties and stock\u00adhol\u00adders\u2019 equity<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185,303<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182,103<\/strong><\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">&nbsp;<\/span><\/p>\n<p>Intel Cor\u00adpo\u00adra\u00adti\u00adon<\/p>\n<p>Con\u00adso\u00adli\u00adda\u00adted Con\u00adden\u00adsed State\u00adments of Cash&nbsp;Flows<\/p>\n<table width=\"684\">\n<tbody>\n<tr>\n<td width=\"500\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td colspan=\"3\" width=\"179\"><b><strong>Three Months Ended<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"500\"><b><strong>(In Mil\u00adli\u00adons; Unaudited)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>Apr 1,&nbsp;2023<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>Apr 2,&nbsp;2022<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"500\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"500\"><b><strong>Cash and cash equi\u00adva\u00adlents, begin\u00adning of period<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11,144<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,827<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Cash flows pro\u00advi\u00added by (used for) ope\u00adra\u00adting activities:<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Net inco\u00adme (loss)<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2,768)<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,113<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Adjus\u00adt\u00adments to recon\u00adci\u00adle net inco\u00adme to net cash pro\u00advi\u00added by ope\u00adra\u00adting activities:<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Depre\u00adcia\u00adti\u00adon<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,901<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,847<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Share-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 739<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 707<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Res\u00adtruc\u00adtu\u00adring and other charges<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Amor\u00adtiza\u00adti\u00adon of intangibles<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 465<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 501<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">(Gains) los\u00adses on equi\u00adty invest\u00adments, net<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (167)<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4,325)<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">(Gains) los\u00adses on divestitures<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \u2014<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,121)<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Chan\u00adges in assets and liabilities:<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Accounts receiva\u00adble<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,384<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Invent\u00adories<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,147)<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Accounts paya\u00adble<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (771)<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (128)<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Accrued com\u00adpen\u00adsa\u00adti\u00adon and benefits<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,560)<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,884)<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Inco\u00adme&nbsp;taxes<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,344<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,219<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Other assets and liabilities<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,540)<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,292)<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Total adjus\u00adt\u00adments<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 983<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2,222)<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"500\"><b><strong>Net cash pro\u00advi\u00added by (used for) ope\u00adra\u00adting activities<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,785)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,891<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Cash flows pro\u00advi\u00added by (used for) inves\u00adt\u00ading activities:<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Addi\u00adti\u00adons to pro\u00adper\u00adty, plant and equipment<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7,413)<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4,604)<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Purcha\u00adses of short-term investments<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (16,132)<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (19,091)<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Matu\u00adri\u00adties and sales of short-term investments<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14,173<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10,490<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Sales of equi\u00adty investments<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 116<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,682<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Pro\u00adceeds from divestitures<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \u2014<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,544<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Other inves\u00adt\u00ading<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 735<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (660)<\/td>\n<\/tr>\n<tr>\n<td width=\"500\"><b><strong>Net cash used for inves\u00adt\u00ading activities<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8,521)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2,639)<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Cash flows pro\u00advi\u00added by (used for) finan\u00adcing activities:<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Repay\u00adment of com\u00admer\u00adcial&nbsp;paper<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2,930)<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \u2014<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Pay\u00adments on finan\u00adce leases<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15)<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (299)<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Part\u00adner contributions<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 449<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \u2014<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Issu\u00adan\u00adce of long-term debt, net of issu\u00adan\u00adce&nbsp;costs<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10,968<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \u2014<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Pro\u00adceeds from sales of com\u00admon stock through employee equi\u00adty incen\u00adti\u00adve&nbsp;plans<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 659<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 589<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Pay\u00adment of divi\u00addends to stockholders<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,512)<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,487)<\/td>\n<\/tr>\n<tr>\n<td width=\"500\">Other finan\u00adcing<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (225)<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (667)<\/td>\n<\/tr>\n<tr>\n<td width=\"500\"><b><strong>Net cash pro\u00advi\u00added by (used for) finan\u00adcing activities<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,394<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,864)<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"500\"><b><strong>Net increase (decrease) in cash and cash equivalents<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2,912)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,388<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"500\"><b><strong>Cash and cash equi\u00adva\u00adlents, end of period<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,232<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"87\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,215<\/strong><\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">&nbsp;<\/span><\/p>\n<p>Intel Cor\u00adpo\u00adra\u00adti\u00adon<\/p>\n<p>Sup\u00adple\u00admen\u00adtal Ope\u00adra\u00adting Seg\u00adment Results<\/p>\n<table width=\"684\">\n<tbody>\n<tr>\n<td width=\"508\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td colspan=\"3\" width=\"171\"><b><strong>Three Months Ended<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>(In Mil\u00adli\u00adons)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>Apr 1,&nbsp;2023<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>Apr 2,&nbsp;2022<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Net reve\u00adnue:<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Cli\u00adent Computing<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Desk\u00adtop<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,879<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,641<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Note\u00adbook<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,407<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,959<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Other<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 481<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 722<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,767<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,322<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Data Cen\u00adter and&nbsp;<span class=\"caps\">AI<\/span><\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,718<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,074<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Net\u00adwork and&nbsp;Edge<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,489<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,139<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Mobi\u00adleye<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 458<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 394<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Intel Foundry Services<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>All other<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 268<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Total net revenue<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11,715<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18,353<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Ope\u00adra\u00adting inco\u00adme (loss):<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Cli\u00adent Computing<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,722<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Data Cen\u00adter and&nbsp;<span class=\"caps\">AI<\/span><\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (518)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,393<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Net\u00adwork and&nbsp;Edge<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (300)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 416<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Mobi\u00adleye<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Intel Foundry Services<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (140)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (23)<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>All other<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,153)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (315)<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Total ope\u00adra\u00adting inco\u00adme (loss)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,468)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,341<\/strong><\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>We deri\u00adve a sub\u00adstan\u00adti\u00adal majo\u00adri\u00adty of our reve\u00adnue from our prin\u00adci\u00adpal 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 sys\u00adtem-on-chip or a mul\u00adti\u00adchip packa\u00adge, which are based on Intel architecture.<\/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<p>\u25aa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span class=\"caps\">CCG<\/span> includes pro\u00adducts desi\u00adgned for end-user form fac\u00adtors, focu\u00adsing on hig\u00adher growth seg\u00adments of 2 in 1, thin-and-light, com\u00admer\u00adcial and gam\u00ading, and gro\u00adwing other pro\u00adducts such as con\u00adnec\u00adti\u00advi\u00adty and graphics.<\/p>\n<p>\u25aa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span class=\"caps\">DCAI<\/span> includes a broad port\u00adfo\u00adlio of cen\u00adtral pro\u00adces\u00adsing units (CPUs), domain-spe\u00adci\u00adfic acce\u00adle\u00adra\u00adtors and field pro\u00adgramma\u00adble gate arrays (FPGAs), desi\u00adgned to empower data cen\u00adter and hypers\u00adca\u00adle solu\u00adti\u00adons for diver\u00adse com\u00adpu\u00adting&nbsp;needs.<\/p>\n<p>\u25aa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span class=\"caps\">NEX<\/span> includes pro\u00adgramma\u00adble plat\u00adforms and high-per\u00adfor\u00admance con\u00adnec\u00adti\u00advi\u00adty and com\u00adpu\u00adte solu\u00adti\u00adons desi\u00adgned for mar\u00adket seg\u00adments such as cloud net\u00adwor\u00adking, tele\u00adcom\u00admu\u00adni\u00adca\u00adti\u00adons net\u00adworks, on-pre\u00admi\u00adses edge, soft\u00adware and platforms.<\/p>\n<p>\u25aa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mobi\u00adleye includes the deve\u00adlo\u00adp\u00adment and deploy\u00adment of advan\u00adced dri\u00adver-assis\u00adtance sys\u00adtems (<span class=\"caps\">ADAS<\/span>) and auto\u00adno\u00admous dri\u00adving tech\u00adno\u00adlo\u00adgies and solutions.<\/p>\n<p>\u25aa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<span class=\"caps\">IFS<\/span> pro\u00advi\u00addes dif\u00adfe\u00adren\u00adtia\u00adted full stack solu\u00adti\u00adons inclu\u00adding wafer fabri\u00adca\u00adti\u00adon, pack\u00ada\u00adging, chip\u00adlet stan\u00addard and software.<\/p>\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>We have an \u201call other\u201d cate\u00adgo\u00adry that includes reve\u00adnue, expen\u00adses and char\u00adges such&nbsp;as:<\/p>\n<p>\u25aa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;results of ope\u00adra\u00adti\u00adons from non-repor\u00adta\u00adble seg\u00adments not other\u00adwi\u00adse pre\u00adsen\u00adted, and from start-up busi\u00adnesses that sup\u00adport our initiatives;<\/p>\n<p>\u25aa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;his\u00adto\u00adri\u00adcal results of ope\u00adra\u00adti\u00adons from dive\u00ads\u00adted businesses;<\/p>\n<p>\u25aa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;amounts included within res\u00adtruc\u00adtu\u00adring and other charges;<\/p>\n<p>\u25aa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;employee bene\u00adfits, com\u00adpen\u00adsa\u00adti\u00adon, impair\u00adment char\u00adges, and other expen\u00adses not allo\u00adca\u00adted to the ope\u00adra\u00adting seg\u00adments; and<\/p>\n<p>\u25aa&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.<\/p>\n<p><span style=\"font-weight: 400;\">&nbsp;<\/span><\/p>\n<p>Intel Cor\u00adpo\u00adra\u00adti\u00adon<\/p>\n<p>Expl\u00adana\u00adti\u00adon of Non-GAAP Measures<\/p>\n<p>In addi\u00adti\u00adon to dis\u00adclo\u00adsing finan\u00adcial results in accordance with <span class=\"caps\">US<\/span> <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 per\u00adfor\u00admance. The\u00adse non-GAAP finan\u00adcial mea\u00adsu\u00adres are used in our per\u00adfor\u00admance-based RSUs and our cash bonus&nbsp;plans.<\/p>\n<p>Our non-GAAP finan\u00adcial mea\u00adsu\u00adres reflect adjus\u00adt\u00adments based on one or more of the&nbsp;fol\u00adlo\u00adwing&nbsp;items, as well as the rela\u00adted inco\u00adme tax effects. Begin\u00adning in 2023, inco\u00adme tax effects are cal\u00adcu\u00adla\u00adted using&nbsp;a&nbsp;fixed long-term pro\u00adjec\u00adted tax rate across all adjus\u00adt\u00adments. We pro\u00adject this long-term non-GAAP tax rate on an annu\u00adal basis using a five-year non-GAAP finan\u00adcial pro\u00adjec\u00adtion that excludes the inco\u00adme tax effects of each adjus\u00adt\u00adment. The pro\u00adjec\u00adted non-GAAP tax rate also con\u00adsiders fac\u00adtors such as our tax struc\u00adtu\u00adre, our tax posi\u00adti\u00adons in various juris\u00addic\u00adtions, and key legis\u00adla\u00adti\u00adon in signi\u00adfi\u00adcant juris\u00addic\u00adtions whe\u00adre we ope\u00adra\u00adte. This long-term non-GAAP tax rate may be sub\u00adject to chan\u00adge for a varie\u00adty of reasons, inclu\u00adding the rapidly evol\u00adving glo\u00adbal tax envi\u00adron\u00adment, signi\u00adfi\u00adcant chan\u00adges in our geo\u00adgra\u00adphic ear\u00adnings mix, or chan\u00adges to our stra\u00adtegy or busi\u00adness ope\u00adra\u00adti\u00adons.&nbsp;Manage\u00adment uses this non-GAAP tax rate in mana\u00adging inter\u00adnal short- and long-term ope\u00adra\u00adting plans and in eva\u00adlua\u00adting our per\u00adfor\u00admance; we&nbsp;belie\u00adve this approach faci\u00adli\u00adta\u00adtes&nbsp;com\u00adpa\u00adri\u00adson of our ope\u00adra\u00adting results and pro\u00advi\u00addes&nbsp;useful eva\u00adlua\u00adti\u00adon of our cur\u00adrent ope\u00adra\u00adting per\u00adfor\u00admance. Pri\u00ador-peri\u00adod non-GAAP results have been retroac\u00adtively adjus\u00adted to reflect this updated approach.<\/p>\n<p>&nbsp;<\/p>\n<p>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 <span class=\"caps\">US<\/span> <span class=\"caps\">GAAP<\/span>,&nbsp;and the finan\u00adcial results cal\u00adcu\u00adla\u00adted in accordance with <span class=\"caps\">US<\/span> <span class=\"caps\">GAAP<\/span> and recon\u00adci\u00adlia\u00adti\u00adons from the\u00adse results should be careful\u00adly evaluated.<\/p>\n<p>&nbsp;<\/p>\n<table width=\"684\">\n<thead>\n<tr>\n<td width=\"107\"><b><strong>Non-GAAP adjus\u00adt\u00adment or measure<\/strong><\/b><\/td>\n<td width=\"281\"><b><strong>Defi\u00adni\u00adti\u00adon<\/strong><\/b><\/td>\n<td width=\"296\"><b><strong>Useful\u00adness to manage\u00adment and investors<\/strong><\/b><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td width=\"107\">Acqui\u00adsi\u00adti\u00adon-rela\u00adted adjustments<\/td>\n<td width=\"281\">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 <span class=\"caps\">US<\/span> <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 width=\"296\">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 width=\"107\">Share-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td width=\"281\">Share-based com\u00adpen\u00adsa\u00adti\u00adon con\u00adsists of char\u00adges rela\u00adted to our employee equi\u00adty incen\u00adti\u00adve&nbsp;plans.<\/td>\n<td width=\"296\">We exclude char\u00adges rela\u00adted to share-based com\u00adpen\u00adsa\u00adti\u00adon for pur\u00adpo\u00adses of cal\u00adcu\u00adla\u00adting cer\u00adtain non-GAAP mea\u00adsu\u00adres becau\u00adse we belie\u00adve the\u00adse adjus\u00adt\u00adments pro\u00advi\u00adde bet\u00adter com\u00adpa\u00adra\u00adbi\u00adli\u00adty to peer com\u00adpa\u00adny results and becau\u00adse the\u00adse char\u00adges are not view\u00aded by manage\u00adment as part of our core ope\u00adra\u00adting per\u00adfor\u00admance. We belie\u00adve the\u00adse adjus\u00adt\u00adments pro\u00advi\u00adde inves\u00adtors with a useful view, through the eyes of manage\u00adment, of our core busi\u00adness model, how manage\u00adment curr\u00adent\u00adly eva\u00adlua\u00adtes core ope\u00adra\u00adtio\u00adnal per\u00adfor\u00admance, and addi\u00adtio\u00adnal means to eva\u00adlua\u00adte expen\u00adse trends, inclu\u00adding in com\u00adpa\u00adri\u00adson to other peer companies.<\/td>\n<\/tr>\n<tr>\n<td width=\"107\">Res\u00adtruc\u00adtu\u00adring and other charges<\/td>\n<td width=\"281\">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 may include peri\u00adodic good\u00adwill and asset impairm\u00adents, cer\u00adtain pen\u00adsi\u00adon char\u00adges, and cos\u00adts asso\u00adcia\u00adted with res\u00adtruc\u00adtu\u00adring acti\u00advi\u00adty, and in <span class=\"caps\">Q1<\/span> 2022 includes a bene\u00adfit rela\u00adted to the annul\u00adled <span class=\"caps\">EC<\/span>&nbsp;fine.<\/td>\n<td width=\"296\">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 core ope\u00adra\u00adting per\u00adfor\u00admance. The\u00adse adjus\u00adt\u00adments faci\u00adli\u00adta\u00adte a useful eva\u00adlua\u00adti\u00adon of our core 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 width=\"107\">Gains (los\u00adses) from divestiture<\/td>\n<td width=\"281\">Gains (los\u00adses) are reco\u00adgni\u00adzed at the clo\u00adse of a dives\u00adti\u00adtu\u00adre, or over a spe\u00adci\u00adfied defer\u00adral peri\u00adod when defer\u00adred con\u00adside\u00adra\u00adti\u00adon is recei\u00adved at the time of clo\u00adsing. Based on our ongo\u00ading obli\u00adga\u00adti\u00adon under the <span class=\"caps\">NAND<\/span> wafer manu\u00adfac\u00adtu\u00adring and sale agree\u00adment ente\u00adred into in con\u00adnec\u00adtion with the first clo\u00adsing of the sale of our <span class=\"caps\">NAND<\/span> memo\u00adry busi\u00adness on Decem\u00adber 29, 2021, a por\u00adti\u00adon of the initi\u00adal clo\u00adsing con\u00adside\u00adra\u00adti\u00adon was defer\u00adred and will be reco\u00adgni\u00adzed bet\u00adween first and second closing.<\/td>\n<td width=\"296\">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. 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 width=\"107\">(Gains) los\u00adses on equi\u00adty invest\u00adments, net<\/td>\n<td width=\"281\">(Gains) los\u00adses on equi\u00adty invest\u00adments, net con\u00adsists of ongo\u00ading mark-to-mar\u00adket adjus\u00adt\u00adments on mar\u00adke\u00adta\u00adble equi\u00adty secu\u00adri\u00adties, obser\u00adva\u00adble pri\u00adce adjus\u00adt\u00adments on non-mar\u00adke\u00adta\u00adble equi\u00adty secu\u00adri\u00adties, rela\u00adted impair\u00adment char\u00adges, and the sale of equi\u00adty invest\u00adments and&nbsp;other.<\/td>\n<td width=\"296\">We exclude the\u00adse non-ope\u00adra\u00adting gains and los\u00adses for pur\u00adpo\u00adses of cal\u00adcu\u00adla\u00adting cer\u00adtain non-GAAP mea\u00adsu\u00adres becau\u00adse it pro\u00advi\u00addes bet\u00adter com\u00adpa\u00adra\u00adbi\u00adli\u00adty bet\u00adween peri\u00adods. The exclu\u00adsi\u00adon reflects how manage\u00adment eva\u00adlua\u00adtes the core ope\u00adra\u00adti\u00adons of the business.<\/td>\n<\/tr>\n<tr>\n<td width=\"107\">Adjus\u00adted free cash&nbsp;flow<\/td>\n<td width=\"281\">We refe\u00adrence a non-GAAP finan\u00adcial mea\u00adsu\u00adre of adjus\u00adted 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. Adjus\u00adted free cash flow is ope\u00adra\u00adting cash flow adjus\u00adted for 1) addi\u00adti\u00adons to pro\u00adper\u00adty, plant and equip\u00adment, net of pro\u00adceeds from capi\u00adtal grants and part\u00adner con\u00adtri\u00adbu\u00adti\u00adons, 2) pay\u00adments on finan\u00adce lea\u00adses, and 3) pro\u00adceeds from the McA\u00adfee equi\u00adty&nbsp;sale.<\/td>\n<td width=\"296\">This non-GAAP finan\u00adcial mea\u00adsu\u00adre is hel\u00adpful in under\u00adstan\u00adding our capi\u00adtal requi\u00adre\u00adments and sources of liqui\u00addi\u00adty by pro\u00advi\u00adding an addi\u00adtio\u00adnal means to eva\u00adlua\u00adte the cash flow trends of our busi\u00adness. Sin\u00adce the 2017 dives\u00adti\u00adtu\u00adre, McA\u00adfee equi\u00adty dis\u00adtri\u00adbu\u00adti\u00adons and sales con\u00adtri\u00adbu\u00adted to pri\u00ador ope\u00adra\u00adting and free cash flow, and while the McA\u00adfee equi\u00adty sale in <span class=\"caps\">Q1<\/span> 2022 would have typi\u00adcal\u00adly been excluded from adjus\u00adted free cash flow as an equi\u00adty sale, we belie\u00adve inclu\u00adding the sale pro\u00adceeds in adjus\u00adted free cash flow faci\u00adli\u00adta\u00adte a bet\u00adter, more con\u00adsis\u00adtent com\u00adpa\u00adri\u00adson to past pre\u00adsen\u00adta\u00adti\u00adons of liquidity.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>Intel Cor\u00adpo\u00adra\u00adti\u00adon<\/p>\n<p>Sup\u00adple\u00admen\u00adtal Recon\u00adci\u00adlia\u00adti\u00adons of <span class=\"caps\">GAAP<\/span> Actu\u00adals to Non-GAAP Actuals<\/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 <span class=\"caps\">US<\/span> <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 <span class=\"caps\">US<\/span> <span class=\"caps\">GAAP<\/span>, and the recon\u00adci\u00adlia\u00adti\u00adons from <span class=\"caps\">US<\/span> <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 <span class=\"caps\">US<\/span> <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 width=\"684\">\n<thead>\n<tr>\n<td width=\"508\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td colspan=\"3\" width=\"171\"><b><strong>Three Months Ended<\/strong><\/b><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td width=\"508\"><b><strong>(In Mil\u00adli\u00adons, Except Per Share Amounts)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>Apr 1,&nbsp;2023<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>Apr 2,&nbsp;2022<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong><span class=\"caps\">GAAP<\/span> gross margin<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,008&nbsp;&nbsp;<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,244&nbsp;&nbsp;<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Acqui\u00adsi\u00adti\u00adon-rela\u00adted adjustments<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 328&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 353&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Share-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Non-GAAP gross margin<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,494&nbsp;&nbsp;<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9,745&nbsp;&nbsp;<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong><span class=\"caps\">GAAP<\/span> gross mar\u00adgin percentage<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>34.2 %<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>50.4 %<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Acqui\u00adsi\u00adti\u00adon-rela\u00adted adjustments<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">2.8 %<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">1.9 %<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Share-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">1.4 %<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">0.8 %<\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Non-GAAP gross mar\u00adgin percentage<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>38.4 %<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>53.1 %<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong><span class=\"caps\">GAAP<\/span> R<span class=\"amp\">&amp;<\/span>D and <span class=\"caps\">MG<\/span><span class=\"amp\">&amp;<\/span>A<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,412&nbsp;&nbsp;<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,114&nbsp;&nbsp;&nbsp;<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Acqui\u00adsi\u00adti\u00adon-rela\u00adted adjustments<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (43)&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (51)&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Share-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (581)&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (559)&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Non-GAAP R<span class=\"amp\">&amp;<\/span>D and <span class=\"caps\">MG<\/span><span class=\"amp\">&amp;<\/span>A<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,788&nbsp;&nbsp;<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,504&nbsp;&nbsp;<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong><span class=\"caps\">GAAP<\/span> ope\u00adra\u00adting inco\u00adme (loss)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp; (1,468)&nbsp;<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,341&nbsp;&nbsp;<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Acqui\u00adsi\u00adti\u00adon-rela\u00adted adjustments<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 371&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 404&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Share-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 739&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 707&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Res\u00adtruc\u00adtu\u00adring and other charges<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,211)&nbsp;&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Non-GAAP ope\u00adra\u00adting inco\u00adme (loss)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (294)&nbsp;<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,241&nbsp;&nbsp;<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong><span class=\"caps\">GAAP<\/span> ope\u00adra\u00adting mar\u00adgin (loss)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>(12.5) %<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>23.7 %<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Acqui\u00adsi\u00adti\u00adon-rela\u00adted adjustments<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">3.2 %<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">2.2 %<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Share-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">6.3 %<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">3.9 %<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Res\u00adtruc\u00adtu\u00adring and other charges<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">0.5 %<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">(6.6) %<\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Non-GAAP ope\u00adra\u00adting mar\u00adgin (loss)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>(2.5) %<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>23.1 %<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong><span class=\"caps\">GAAP<\/span> tax&nbsp;rate<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>(139.0) %<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>16.0 %<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Inco\u00adme tax effects<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">152.0 %<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">(3.0) %<\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Non-GAAP tax&nbsp;rate<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>13.0 %<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>13.0 %<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong><span class=\"caps\">GAAP<\/span> net inco\u00adme (loss) attri\u00adbu\u00adta\u00adble to&nbsp;Intel<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp; (2,758)&nbsp;<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8,113&nbsp;&nbsp;&nbsp;<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Acqui\u00adsi\u00adti\u00adon-rela\u00adted adjustments<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 371&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 404&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Share-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 739&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 707&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Res\u00adtruc\u00adtu\u00adring and other charges<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 64&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,211)&nbsp;&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">(Gains) los\u00adses on equi\u00adty invest\u00adments, net<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (169)&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4,323)&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">(Gains) los\u00adses from divestiture<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (39)&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,121)&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Total adjus\u00adt\u00adments attri\u00adbu\u00adta\u00adble to non-con\u00adtrol\u00adling interest<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12)&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \u2014&nbsp;&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Inco\u00adme tax effects<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,635&nbsp;&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,013&nbsp;&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Non-GAAP net inco\u00adme (loss) attri\u00adbu\u00adta\u00adble to&nbsp;Intel<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (169)&nbsp;<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,582&nbsp;&nbsp;<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"5\" width=\"684\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong><span class=\"caps\">GAAP<\/span> ear\u00adnings (loss) per share attri\u00adbu\u00adta\u00adble to Intel\u2014diluted<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (0.66)&nbsp;<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.98&nbsp;&nbsp;<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Acqui\u00adsi\u00adti\u00adon-rela\u00adted adjustments<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.09&nbsp;&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.10&nbsp;&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Share-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.18&nbsp;&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.17&nbsp;&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Res\u00adtruc\u00adtu\u00adring and other charges<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.01&nbsp;&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (0.30)&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">(Gains) los\u00adses on equi\u00adty invest\u00adments, net<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (0.04)&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1.05)&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">(Gains) los\u00adses from divestiture<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (0.01)&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (0.27)&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Total adjus\u00adt\u00adments attri\u00adbu\u00adta\u00adble to non-con\u00adtrol\u00adling interest<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \u2014&nbsp;&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \u2014&nbsp;&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\">Inco\u00adme tax effects<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.39&nbsp;&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.24&nbsp;&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"508\"><b><strong>Non-GAAP ear\u00adnings (loss) per share attri\u00adbu\u00adta\u00adble to Intel\u2014diluted<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (0.04)&nbsp;<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"83\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.87&nbsp;&nbsp;<\/strong><\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table width=\"684\">\n<tbody>\n<tr>\n<td width=\"355\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td colspan=\"3\" width=\"324\"><b><strong>Three Months Ended<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"355\"><b><strong>(In Mil\u00adli\u00adons)<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"160\"><b><strong>Apr 1,&nbsp;2023<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"160\"><b><strong>Apr 2,&nbsp;2022<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"355\"><b><strong><span class=\"caps\">GAAP<\/span> net cash pro\u00advi\u00added by (used for) ope\u00adra\u00adting activities<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"160\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,785)<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"160\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,891<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"355\">Net addi\u00adti\u00adons to pro\u00adper\u00adty, plant and equipment<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"160\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6,964)<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"160\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4,603)<\/td>\n<\/tr>\n<tr>\n<td width=\"355\">Pay\u00adments on finan\u00adce leases<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"160\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (15)<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"160\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (299)<\/td>\n<\/tr>\n<tr>\n<td width=\"355\">Sale of equi\u00adty investment<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"160\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \u2014<\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"160\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,561<\/td>\n<\/tr>\n<tr>\n<td width=\"355\"><b><strong>Adjus\u00adted free cash&nbsp;flow<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"160\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8,764)<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"160\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5,550<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"355\"><b><strong><span class=\"caps\">GAAP<\/span> net cash used for inves\u00adt\u00ading activities<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"160\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8,521)<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"160\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2,639)<\/strong><\/b><\/td>\n<\/tr>\n<tr>\n<td width=\"355\"><b><strong><span class=\"caps\">GAAP<\/span> net cash pro\u00advi\u00added by (used for) finan\u00adcing activities<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"160\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,394<\/strong><\/b><\/td>\n<td width=\"4\">&nbsp;<\/td>\n<td width=\"160\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1,864)<\/strong><\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><em><sup>&nbsp;<\/sup><\/em><\/p>\n<p><em style=\"font-weight: 400;\"><sup>&nbsp;<\/sup><\/em><\/p>\n<p>Intel Cor\u00adpo\u00adra\u00adti\u00adon<\/p>\n<p>Sup\u00adple\u00admen\u00adtal Recon\u00adci\u00adlia\u00adti\u00adons of <span class=\"caps\">GAAP<\/span> Out\u00adlook to Non-GAAP Outlook<\/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 <span class=\"caps\">US<\/span> <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 <span class=\"caps\">US<\/span> <span class=\"caps\">GAAP<\/span>, and the finan\u00adcial out\u00adlook pre\u00adpared in accordance with <span class=\"caps\">US<\/span> <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 <span class=\"caps\">US<\/span> <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 width=\"684\">\n<tbody>\n<tr>\n<td width=\"547\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"127\"><b><strong><span class=\"caps\">Q2<\/span> 2023 Out\u00adlook<sup>1<\/sup><\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"547\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"127\">Appro\u00adxi\u00adm\u00adate\u00adly<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"547\"><b><strong><span class=\"caps\">GAAP<\/span> gross mar\u00adgin percentage<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"127\"><b><strong>33.2 %<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"547\">Acqui\u00adsi\u00adti\u00adon-rela\u00adted adjustments<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"127\">2.6 %<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"547\">Share-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"127\">1.7 %<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"547\"><b><strong>Non-GAAP gross mar\u00adgin percentage<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"127\"><b><strong>37.5 %<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"547\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"127\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"547\"><b><strong><span class=\"caps\">GAAP<\/span> tax&nbsp;rate<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"127\"><b><strong>(85) %<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"547\">Inco\u00adme tax effects<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"127\">98 %<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"547\"><b><strong>Non-GAAP tax&nbsp;rate<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"127\"><b><strong>13 %<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"547\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"127\">&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"547\"><b><strong><span class=\"caps\">GAAP<\/span> ear\u00adnings (loss) per share attri\u00adbu\u00adta\u00adble to Intel\u2014diluted<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"127\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (0.62)&nbsp;<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"547\">Acqui\u00adsi\u00adti\u00adon-rela\u00adted adjustments<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"127\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.08&nbsp;&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"547\">Share-based com\u00adpen\u00adsa\u00adti\u00adon<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"127\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.23&nbsp;&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"547\">(Gains) los\u00adses on equi\u00adty invest\u00adments, net<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"127\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (0.01)&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"547\">(Gains) los\u00adses from divestiture<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"127\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (0.01)&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"547\">Total adjus\u00adt\u00adments attri\u00adbu\u00adta\u00adble to non-con\u00adtrol\u00adling interest<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"127\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \u2014&nbsp;&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"547\">Inco\u00adme tax effects<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"127\">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.29&nbsp;&nbsp;<\/td>\n<td width=\"5\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"547\"><b><strong>Non-GAAP ear\u00adnings (loss) per share attri\u00adbu\u00adta\u00adble to Intel\u2014diluted<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<td width=\"127\"><b><strong>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (0.04)&nbsp;<\/strong><\/b><\/td>\n<td width=\"5\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p><u><span class=\"caps\">NEWS<\/span> <span class=\"caps\">SUMMARY<\/span><\/u><\/p>\n<ul>\n<li>First-quar\u00adter reve\u00adnue of $11.7 bil\u00adli\u00adon, down 36% year over year (YoY).<\/li>\n<li>First-quar\u00adter <span class=\"caps\">GAAP<\/span> ear\u00adnings (loss) per share (<span class=\"caps\">EPS<\/span>) attri\u00adbu\u00adta\u00adble to Intel was $(0.66); non-GAAP <span class=\"caps\">EPS<\/span> attri\u00adbu\u00adta\u00adble to Intel was $(0.04).<\/li>\n<li>Fore\u00adcas\u00adting second-quar\u00adter 2023 reve\u00adnue of $11.5 bil\u00adli\u00adon to $12.5 bil\u00adli\u00adon; expec\u00adting second-quar\u00adter <span class=\"caps\">EPS<\/span> of $(0.62); non-GAAP <span class=\"caps\">EPS<\/span> of $(0.04).<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span class=\"caps\">SANTA<\/span> <span class=\"caps\">CLARA<\/span>, Calif., April 27, 2023 \u2013 Intel Cor\u00adpo\u00adra\u00adti\u00adon today repor\u00adted first-quar\u00adter 2023 finan\u00adcial results.<\/p>\n<p><span class=\"dquo\">\u201c<\/span>We deli\u00adver\u00aded solid first-quar\u00adter results, repre\u00adsen\u00adting ste\u00adady pro\u00adgress with our trans\u00adfor\u00adma\u00adti\u00adon,\u201d said Pat Gel\u00adsin\u00adger, Intel <span class=\"caps\">CEO<\/span>. \u201cWe hit key exe\u00adcu\u00adti\u00adon mile\u00adsto\u00adnes in our data cen\u00adter road\u00admap and demons\u00adtra\u00adted the health of the pro\u00adcess tech\u00adno\u00adlo\u00adgy under\u00adpin\u00adning it. While we remain cau\u00adtious on the macroe\u00adco\u00adno\u00admic out\u00adlook, we are focu\u00adsed on what we can con\u00adtrol as we deli\u00adver on <span class=\"caps\">IDM<\/span> 2.0: dri\u00adving con\u00adsis\u00adtent exe\u00adcu\u00adti\u00adon across pro\u00adcess and pro\u00adduct road\u00admaps and advan\u00adcing our foundry busi\u00adness to best posi\u00adti\u00adon us to capi\u00adta\u00adli\u00adze on the $1 tril\u00adli\u00adon mar\u00adket oppor\u00adtu\u00adni\u00adty&nbsp;ahead.\u201d<\/p>\n<p>David Zins\u00adner, Intel <span class=\"caps\">CFO<\/span>, said, \u201cWe excee\u00added our first-quar\u00adter expec\u00adta\u00adti\u00adons on the top and bot\u00adtom line, and con\u00adtin\u00adued to be disci\u00adpli\u00adned on expen\u00adse manage\u00adment as part of our com\u00admit\u00adment to dri\u00adve effi\u00adci\u00aden\u00adci\u00ades and cost savings. At the same time, we are prio\u00adri\u00adtiz\u00ading the invest\u00adments nee\u00added to advan\u00adce our stra\u00adtegy and estab\u00adlish an inter\u00adnal foundry model, one of the most con\u00adse\u00adquen\u00adti\u00adal steps we are taking to deli\u00adver on <span class=\"caps\">IDM<\/span> 2.0.\u201d (\u2026) <a class=\"moretag\" href=\"https:\/\/www.planet3dnow.de\/cms\/67912-intel-reports-first-quarter-2023-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":[2836,2703,1004,1491],"class_list":["post-67912","post","type-post","status-publish","format-standard","hentry","category-pressemitteilungen","tag-2836","tag-earnings","tag-intel","tag-q1","entry"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/67912","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=67912"}],"version-history":[{"count":1,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/67912\/revisions"}],"predecessor-version":[{"id":67913,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/67912\/revisions\/67913"}],"wp:attachment":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/media?parent=67912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/categories?post=67912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/tags?post=67912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}