Intel Corporation
Supplemental Reconciliations of GAAP Outlook to Non-GAAP Outlook
Set forth below are reconciliations of the non-GAAP financial measure to the most directly comparable US GAAP financial measure. These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with US GAAP, and the financial outlook prepared in accordance with US GAAP and the reconciliations from this Business Outlook should be carefully evaluated.
Please refer to "Explanation of Non-GAAP Measures" in this document for a detailed explanation of the adjustments made to the comparable US GAAP measures, the ways management uses the non-GAAP measures, and the reasons why management believes the non-GAAP measures provide useful information for investors.
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Q4 2023 Outlook1 |
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Approximately |
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GAAP gross margin percentage |
43.3 % |
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Acquisition-related adjustments |
2.0 % |
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Share-based compensation |
1.2 % |
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Non-GAAP gross margin percentage |
46.5 % |
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GAAP tax rate |
5 % |
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Income tax effects |
8 % |
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Non-GAAP tax rate |
13 % |
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GAAP earnings (loss) per share attributable to Intel-diluted |
$ 0.23 |
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Acquisition-related adjustments |
0.08 |
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Share-based compensation |
0.19 |
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Restructuring and other charges |
0.01 |
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(Gains) losses from divestiture |
(0.01) |
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Adjustments attributable to non-controlling interest |
(0.01) |
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Income tax effects |
(0.05) |
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Non-GAAP earnings (loss) per share attributable to Intel-diluted |
$ 0.44 |
Released Oct 26, 2023 • 4:01 PM EDT
About Intel
Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. To learn more about Intel’s innovations, go to newsroom.intel.com and intel.com.
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