Intel Reports First-Quarter Results

A detailed discussion of these and other factors that could affect Intel’s results is included in Intel’s SEC filings, including the report on Form 10-K for the fiscal year ended Dec. 27, 2008. The company’s revenue plan noted above under “Business Outlook” is a statement as of this date, is not a part of Outlook, and is not subject to updating by the company in the period prior to the Quiet Period.

Earnings Webcast

Intel will hold a public webcast at 2:30 p.m. PDT today on its Investor Relations Web site at www.intc.com. A webcast replay and MP3 download will also be made available on the site.

Intel (NASDAQ: INTC), the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom and blogs.intel.com

Intel, the Intel logo and Intel Atom are trademarks of Intel Corporation in the United States and other countries.

* Other names and brands may be claimed as the property of others.

               
INTEL CORPORATION
CONSOLIDATED SUMMARY INCOME STATEMENT DATA
(In millions, except per share amounts)
               
      Three Months Ended
    Mar. 28,   Mar. 29,
    2009   2008
NET REVENUE   $ 7,145   $ 9,673
Cost of sales     3,884     4,466
GROSS MARGIN     3,261     5,207
               
Research and development     1,317     1,467
Marketing, general and administrative     1,200     1,349
Restructuring and asset impairment charges     74     329
OPERATING EXPENSES     2,591     3,145
OPERATING INCOME     670     2,062
Gains (losses) on equity investments, net     (113)     (59)
Interest and other, net     95     168
INCOME BEFORE TAXES     652     2,171
Provision for taxes     5     728
NET INCOME   $ 647   $ 1,443
               
BASIC EARNINGS PER COMMON SHARE   $ 0.12   $ 0.25
DILUTED EARNINGS PER COMMON SHARE   $ 0.11   $ 0.25
               
WEIGHTED AVERAGE SHARES OUTSTANDING:            
  BASIC     5,573     5,787
  DILUTED     5,634     5,879

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