Credit: REUTERS/STEVE MARCUS. endstream endobj 244 0 obj <>/Size 209/Type/XRef>>stream Intel Corp said on Thursday that it was investigating reports that a graphic in its quarterly earnings statement had been the . News Summary. Cash flows provided by (used for) investing activities: Additions to property, plant and equipment, Additions to held for sale NAND property, plant and equipment, Maturities and sales of short-term investments. Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Restrictions or disruptions of transportation, or disruptions in our customers operations and supply chains, may adversely affect our results of operations. These bonuses are determined based on Intel's quarterly profitability, subject to the terms of the QPB program. These measures have impacted and may further impact our workforce and operations, the operations of our customers, and those of our respective vendors, suppliers, and partners. The pandemic has also previously resulted in substantial economic uncertainty and volatility and disrupted historical patterns related to demand for our products and services. Dear Patrick: Congratulations! But the dividend cut was necessary. Fourth-quarter earnings (loss) per share (EPS) was $(0.16); non-GAAP EPS was $0.10. These actions underpin our cost-reduction targets of $3 billion in 2023, and set the stage to achieve $8 billion to $10 billion by the end of 2025.. 0000054097 00000 n The . Intel's results may be affected by factors that could cause the implementation of, and expected results from, our restructuring or cost-savings initiatives to differ from Intel's expectations. 2 Dividend Stocks With Yields Above 11%. The impact of the pandemic can also exacerbate other risks discussed in this section. Most Recent Quarter Revenue. Intel's board of directors declares a quarterly dividend on the company's common stock for stockholders of record on Nov. 7, 2021. . To learn more about Intels innovations, go to. Glassdoor is your resource for information about the Performance Bonus benefits at Intel Corporation. Intels Q1 2023 outlook includes an estimated $350 million to $500 million benefit to operating margin or $0.07 to $0.10 benefit to EPS from this change, split approximately 75% to cost of sales and 25% to operating expenses. Intel's results can be affected by gains or losses from equity securities and interest and other, which can vary depending on gains or losses on the change in fair value, sale, exchange, or impairments of equity and debt investments, interest rates, cash balances, and changes in fair value of derivative instruments. Intel's revenue totaled $79 . Intel 3 continues to progress and is on track. It is doing this, the company says, by "reducing compensation and rewards programs for employees and executives." The projected non-GAAP tax rate also considers factors such as our expected tax structure, our tax positions in various jurisdictions, and key legislation in significant jurisdictions where we operate. The pandemic has resulted in authorities imposing numerous measures to try to contain the virus, including manufacturing, transportation, and operational restrictions or disruptions, such as the Shanghai port shutdowns. 0000010025 00000 n 0000018598 00000 n These adjustments facilitate a useful evaluation of our current operating performance and comparison to our past operating performance and provide investors with additional means to evaluate cost and expense trends. Intel operates in highly competitive industries and its operations have high costs that are either fixed or difficult to reduce in the short term. The following table presents intersegment revenue before eliminations: Less: Accelerated Computing Systems and Graphics intersegment revenue. According to the website Neowin, this includes at least a 5% pay cut companywide, suspension of bonuses, and a reduction in its 401(k) match. Intel Corporation pays an average of $7,375 in annual employee bonuses. There is no certainty that such measures will be sufficient to mitigate the risks posed by the virus, and illness and workforce disruptions could lead to unavailability of our key personnel and harm our ability to perform critical functions. 0 We believe these adjustments provide investors with a useful view, through the eyes of management, of our core business model and how management currently evaluates core operational performance. Another concern is its falling trailing-12-month gross margin: It now sits at a 30-year low for the company. Intel technologies may require enabled hardware, software or service activation. 0000040350 00000 n The dividend is paid every three months and the last ex-dividend date was Feb 6, 2023. Dividend Yield. // Your costs and results may vary. Despite the economic and market headwinds, we continued to make good progress on our strategic transformation in Q4, including advancing our product roadmap and improving our operational structure and processes to drive efficiencies while delivering at the low-end of our guided range, said Pat Gelsinger, Intel CEO. RT=Real-Time, EOD=End of Day, PD=Previous Day. Variations in results can also be caused by the timing of Intel product introductions and related expenses, including marketing programs and Intel's ability to respond quickly to technological developments and to introduce new products or incorporate new features into existing products, as well as decisions to exit product lines or businesses, which have resulted and can result in restructuring and asset impairment charges. In January 2023, AXG launched the Intel. In the eyes of some investors, the last great reason to own Intel(INTC 1.60%) is gone. Intels Business Outlook and other statements in this release that refer to future plans and expectations are forward-looking statements that involve a number of risks and uncertainties. All general full-time, part-time, intern and Intel contract employees are eligible to participate. 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 results calculated in accordance with US GAAP and reconciliations from these results should be carefully evaluated. Supplemental Reconciliations of GAAP Actuals to Non-GAAP Actuals. Statements that refer to or are based on estimates, forecasts, projections, uncertain events or assumptions, including statements relating to Intel's strategy and its anticipated benefits, including our IDM 2.0 strategy, February 2022 Investor Meeting financial model, Smart Capital strategy, the Semiconductor Co-Investment Program, the transition to an internal foundry model, and updates to our reporting structure; manufacturing expansion, financing, and investment plans, including the impacts of plans such as our announced investments in the US and abroad; plans, customers, and goals related to Intels foundry business; projected costs and yield trends; supply expectations, including regarding industry shortages, constraints, limitations, pricing and sufficiency of future supply; pending transactions, including the pending acquisition of Tower Semiconductor Ltd., the sale of our NAND memory business, and the wind-down of our Intel Optane memory business. The adjustment for all gains and losses on equity investments includes the ongoing mark-to-market adjustments previously excluded from our non-GAAP results. We completed the first closing of the divestiture of our NAND memory business to SK hynix on December 29, 2021 and fully deconsolidated our ongoing interests in the NAND OpCo Business in the first quarter of 2022. Unless specifically indicated otherwise, the forward-looking statements in this release do not reflect the potential impact of any divestitures, mergers, acquisitions, or other business combinations that have not been completed as of the date of this release. While the second closing of the sale is still pending and subject to closing conditions, we deconsolidated this business in Q1 2022 and management does not view the historical results of the business as a part of our core operations. For example, in response to Russias war with Ukraine, numerous countries and organizations have imposed financial and other sanctions and export controls against Russia and Belarus, while businesses, including the company, have limited or suspended Russian operations. December 31, 2021: 20.53B September 30, 2021: 19.19B June 30, 2021: 19.63B March 31, 2021: 19.67B December 31, 2020: 19.98B . If you treat them right, you'll get the most out of them. The next Intel Corp. dividend went ex 22 days ago for 36.5c and will be paid tomorrow. All forward-looking statements included in this release are based on management's expectations as of the date of this release and, except as required by law, Intel disclaims any obligation to update these forward-looking statements to reflect future events or circumstances. Terms of Use. In the fourth quarter of 2022, CCGs 13th Gen Intel, In January 2023, DCAI launched its 4thGen Intel, NEX achieved a second consecutive year of double-digit revenue growth, hitting key product milestones with Intel, AXG delivered record revenue for both the fourth quarter and full year. We may not realize the expected benefits of portfolio decisions due to numerous risks, including unfavorable prices and terms; changes in market conditions; changes in applicable laws; limitations due to regulatory or governmental approvals, contractual terms, or other conditions; and potential continued financial obligations associated with such transactions. NEX achieved a second consecutive year of double-digit revenue growth, hitting key product milestones with Intel IPU E2000 (Mount Evans), Raptor Lake P&S, Alder Lake N and Sapphire Rapids. 5.81%. Demand for Intel's products is highly variable and can differ from expectations due to factors including changes in business and economic conditions; customer confidence or income levels, and the levels of customer capital spending; the introduction, availability, and market acceptance of Intel's products, products used together with Intel products, and competitors' products; competitive and pricing pressures, including actions taken by competitors; supply constraints and other disruptions affecting customers; changes in customer order patterns or forecasts including order cancellations; changes in customer needs and emerging technology trends; and changes in the level of inventory and computing capacity at customers. On Intel 20A and Intel 18A, Intels first internal test chips, and those of a major potential foundry customer, have taped out with products undergoing fabrication. It also added a leading cloud, edge and data center solutions provider as a customer to Intel 3. Intel will hold a public webcast at 2 p.m. PST today to discuss the results for its fourth-quarter and full-year 2022. Share-based compensation consists of charges related to our employee equity incentive plans. Outlook contemplates the change in depreciable life from 5 to 8 years and a fixed long-term projected non-GAAP tax rate. %%EOF It also added a leading cloud, edge and data center solutions provider as a customer to Intel 3. Additionally, in December 2022, in partnership with ASUS, Intel officially set a new world record for overclocking, pushing the 13th Gen Intel Core i9-13900K past the 9 gigahertz barrier for the first time ever. Forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. In 2021, Intel generated $30.0 billion of cash from operations and $11.3 billion of free cash flow (FCF). Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Intel reported fourth-quarter earnings on Wednesday. This long-term non-GAAP tax rate may be subject to change for a variety of reasons, including the rapidly evolving global tax environment, significant changes in our geographic earnings mix, or changes to our strategy or business operations. 0000001911 00000 n Evans, and future GPU and IPU products; future business, social, and environmental performance, goals, measures, and strategies; availability, uses, sufficiency, and cost of capital resources and sources of funding, including future capital and R&D investments, credit rating expectations, and expected returns to stockholders such as stock repurchases and dividends; our debt obligations; stock volatility; expectations regarding customers, including with respect to designs, wins, orders, and partnerships; projections regarding competitors; and anticipated trends in our businesses or the markets relevant to them, including with respect to future demand and industry growth, also identify forward-looking statements. Forecasting first-quarter 2023 revenue of $10.5 billion to $11.5 billion; expecting first-quarter EPS of $(0.80) (non-GAAP EPS of $(0.15)). Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries. 2200 Mission College Blvd. Intel completed the IPO of Mobileye, which achieved record revenue for both the fourth quarter and full year of 2022. Intel's largest business, its client computing. Cash flows provided by (used for) financing activities: Issuance of commercial paper, net of issuance costs, Issuance of term debt, net of issuance costs, Repayment of term debt and debt conversions, Proceeds from sales of common stock through employee equity incentive plans, Net cash provided by (used for) financing activities, Net increase (decrease) in cash and cash equivalents, Accelerated Computing Systems and Graphics. All prior-period segment data has been retrospectively adjusted to reflect the way the company internally manages and monitors operating segment performance starting in fiscal year 2022. 0000003011 00000 n . Management slashed its quarterly dividend from $0.365 to $0.125 to fund its long-term strategy, which . Bonuses posted anonymously by Intel Corporation employees. First, the economic outlook isn't the greatest, so consumers aren't rushing to upgrade their electronics. Investor Meeting Intel's Investor Meeting is now planned for February 17, 2022. <]>> Intel's guidance for the first quarter of 2023 includes both GAAP and non-GAAP estimates. The browser version you are using is not recommended for this site.Please consider upgrading to the latest version of your browser by clicking one of the following links. In addition, we have entered new areas and introduced adjacent products, such as our intention to become a major provider of foundry services, and we face new sources of competition and uncertain market demand or acceptance of our offerings with respect to these new areas and products, and they do not always grow as projected. Russia has likewise imposed currency restrictions and regulations and may further take retaliatory trade or other actions, including the nationalization of foreign businesses. Adjustments for Tax Reform reflect the impact of a change in tax law from 2017 Tax Reform related to the capitalization of R&D costs. Forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. %PDF-1.6 % Intel 7 is now in high-volume manufacturing for both client and server. In making these adjustments, we have not made any changes to our methods for measuring and calculating revenue or other financial statement amounts. Announces five percent increase to quarterly cash dividend. Other names and brands may be claimed as the property of others. $1.46. Fourth-quarter revenue was $14.0 billion, down 32 percent year-over-year (YoY) and down 28 percent YoY on a non-GAAP basis. There is no certainty that such measures will be sufficient to mitigate the risks posed by the virus, and illness and workforce disruptions could lead to unavailability of our key personnel and harm our ability to perform critical functions. 0000001501 00000 n first-quarter 2022 revenue was down 7% from 2021). 0000011331 00000 n While I'm all for moving chip production back into the U.S., Intel may need to reduce the factory's footprint or capacity to right-size the building based on the lower demand, because Intel's falling gross margins indicate a supply glut. We exclude charges related to share-based compensation for purposes of calculating certain non-GAAP measures because we believe these adjustments provide better comparability to peer company results and because these charges are not viewed by management as part of our core operating performance. Listen Beginning in 2022, we initiated the wind-down of our Intel Optane memory business. A portion of the charge from our IP settlements represents a catch-up of cumulative amortization that would have been incurred for the right to use the related patents in prior periods. Intel Corporation. suspension of bonuses, and a reduction in its 401(k) match. IFS provides differentiated full stack solutions including wafer fabrication, packaging, chiplet standard and software. Sign in here. We exclude the catch-up charge related to prior periods for purposes of calculating certain non-GAAP measures because this adjustment facilitates comparison to past operating results and provides a useful evaluation of our current operating performance. The exclusion reflects how management evaluates the core operations of the business. Fourth-quarter earnings (loss) per share (EPS) was $(0.16); non-GAAP EPS was $0.10. Declares quarterly cash dividend of $0.365 per share. Mobileye includes the development and deployment of advanced driver-assistance systems (ADAS) and autonomous driving technologies and solutions. June 18, 2021. *Average returns of all recommendations since inception. Management is cutting employee pay to control operating expenses. Unless specifically indicated otherwise, the forward-looking statements in this release do not reflect the potential impact of any divestitures, mergers, acquisitions, or other business combinations that have not been completed as of the date of this release. Demand for our products has been and could again be materially harmed in the future, and our ability to accurately predict future demand, trends, or other matters may be impacted. See Intels Global Human Rights Principles. $1.2 billion was returned to Intel in February 2022, and the EC has appealed this decision to the Court of Justice. L. 108-458, set out as a note under section 3001 of Title 50, War and National Defense. Second, many consumers recently upgraded their PCs within the past few years, during the pandemic. The impact of non-controlling interest to our non-GAAP adjustments in Q1 2023 is expected to be insignificant and thus is not included in our reconciliation of non-GAAP measures. 0000061190 00000 n Since the 2017 divestiture, McAfee equity distributions and sales have contributed to operating and free cash flow, and while the McAfee equity sale in Q1 2022 would typically be excluded from adjusted free cash flow as an equity sale, we believe including the sale proceeds in adjusted free cash flow facilitate a better, more consistent comparison to past presentations of liquidity. In a rough calculation, state economist Josh Lehner estimated Intel's pay cuts could reduce Oregon's aggregate wages by $150 million to $200 million - about 0.15% of all wages statewide . This charge related to prior periods is excluded from our non-GAAP results; amortization related to the right to use the patents in the current and ongoing periods is included. Restrictions on our manufacturing or support operations or workforce, or similar limitations for our vendors and suppliers, can impact our ability to meet customer demand and could have a material adverse effect on us. In addition, these transactions do not always achieve our financial or strategic objectives and can disrupt our ongoing business and adversely impact our results of operations. One of the items Intel brought up in its announcement to cut the dividend was its cost-savings initiatives. To learn more about Intels innovations, go to newsroom.intel.com and intel.com. The degree to which COVID-19 impacts our results will depend on future developments, which are highly uncertain. 0000005666 00000 n Intel's results can be affected by litigation or regulatory matters involving intellectual property, stockholder, consumer, chemicals, antitrust, commercial, disclosure, and other issues, as well as by the impact and timing of settlements and dispute resolutions. Annual Dividend. Intel presently considers the following to be among the important factors that can cause actual results to differ materially from the company's expectations. Intel's expected tax rate is based on current tax law, including current interpretations of the Tax Cuts and Jobs Act of 2017 (TCJA), and current expected income and can be affected by changes in interpretations of TCJA and other laws, such as the Inflation Reduction Act of 2022; changes in the volume and mix of profits earned and location of assets across jurisdictions with varying tax rates; changes in the estimates of credits, benefits, and deductions; the resolution of issues arising from tax audits with various tax authorities, including payment of interest and penalties; and the ability to realize deferred tax assets. Intel Is Gutting Its Dividend. The company also announced that its board of directors has declared a quarterly dividend of $0.365 per share on the company's common stock, which will be payable on March 1, 2023, to shareholders of record as of February 7, 2023. Compensation, including quarterly and annual bonuses is good. Copies of these filings may be obtained by visiting our Investor Relations website at www.intc.com or the SEC's website at www.sec.gov. We exclude restructuring and other charges, including any adjustments to charges recorded in prior periods, for purposes of calculating certain non-GAAP measures because these costs do not reflect our core operating performance. Australia. Intel's results can be affected by the impact and timing of closing of acquisitions, divestitures, and other significant transactions, such as the pending acquisition of Tower Semiconductor Inc. Let's find out. Strong Results, Cautious Outlook. See also What is the average cost of a local move for a 3 bedroom house? The Motley Fool has positions in and recommends Intel. Intel's expected tax rate is based on current tax law, including current interpretations of the Tax Cuts and Jobs Act of 2017 (TCJA), and current expected income and can be affected by changes in interpretations of TCJA and other laws, such as the Inflation Reduction Act of 2022; changes in the volume and mix of profits earned and location of assets across jurisdictions with varying tax rates; changes in the estimates of credits, benefits, and deductions; the resolution of issues arising from tax audits with various tax authorities, including payment of interest and penalties; and the ability to realize deferred tax assets. In January 2023, DCAI launched its 4thGen Intel Xeon Scalable processors (formerly code-named Sapphire Rapids) with the support of customers and partners such as Dell Technologies, Google Cloud, Hewlett Packard Enterprise, Lenovo, Microsoft Azure, NVIDIA and many others, and is ramping production to meet a strong backlog of demand. To make the world smarter, happier, and richer. 0000061688 00000 n 0000009197 00000 n Intel's results may be affected by factors that could cause the implementation of, and expected results from, our restructuring or cost-savings initiatives to differ from Intel's expectations. 0000020006 00000 n 0000002927 00000 n See section 1081(a), (b) of Pub. The COVID-19 pandemic has previously adversely affected significant portions of Intel's business and could have a material adverse effect on Intel's financial condition and results of operations. Cybersecurity incidents, whether or not successful, can affect Intel's results by causing us to incur significant costs or disrupting our operations or those of our customers and suppliers, and can result in reputational harm. Who is eligible for the Employee Cash Bonus Program (ECBP)? Intel previously announced several organizational changes to accelerate its execution and innovation by allowing it to capture growth in both large traditional markets and high-growth emerging markets. Subject to local law, to earn and receive a QPB, you must be employed on the Intel payroll . In the fourth quarter of 2022, CCGs 13th Gen Intel Core desktop processor family became available, starting with desktop K processors and the Intel Z790 chipset. The COVID-19 pandemic has previously adversely affected significant portions of Intel's business and could have a material adverse effect on Intel's financial condition and results of operations. We derive a substantial majority of our revenue from our principal products that incorporate various components and technologies, including a microprocessor and chipset, a stand-alone system-on-chip or a multichip package, which are based on Intel architecture. We or third parties regularly identify security vulnerabilities with respect to our processors and other products as well as the operating systems and workloads running on them. Payout Frequency. Base Salary. In addition, we have entered new areas and introduced adjacent products, such as our intention to become a major provider of foundry services, and we face new sources of competition and uncertain market demand or acceptance of our offerings with respect to these new areas and products, and they do not always grow as projected. We believe these non-GAAP financial measures provide investors with useful supplemental information about our operating performance, enable comparison of financial trends and results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating our business and measuring our performance. Read More October 5, 2020 Reviewed by: Anonymous (Anonymous Employee) You can also try the quick links below to see results for most popular searches. The dividend will be payable on June 1, 2021, to stockholders of record on May 7, 2021. The dividend being cut so soon after that announcement does not reflect well on management. Intel's results can be affected by the impact and timing of closing of acquisitions, divestitures, and other significant transactions, such as the pending acquisition of Tower Semiconductor Inc. Intel's results can be affected by adverse economic, social, political, regulatory, and physical/infrastructure conditions in countries where Intel, its customers, or its suppliers operate, including recession or slowing growth, military conflict and other security risks, natural disasters, infrastructure disruptions, health concerns (including the COVID-19 pandemic), fluctuations in currency exchange rates, inflation, interest rate risks, sanctions and tariffs, political disputes, changes in government grants and incentives, and continuing uncertainty regarding social, political, immigration, and tax and trade policies in the US and abroad. 0000007471 00000 n TTM = trailing 12 months. Intel's largest business, its Client Computing Group, was down 7% year-over-year to $10.1 billion, though it still beat analysts' estimates. orpassword? SANTA CLARA, Calif., Jan. 26, 2023 -- Intel Corporation today reported fourth-quarter and full-year 2022 financial results. Demand for our products has been and could again be materially harmed in the future, and our ability to accurately predict future demand, trends, or other matters may be impacted. Sign up here The expected cost savings resulting from these initiatives may not be realized and are subject to risks related to the timing and amount of related charges, local labor law requirements, and assumptions related to severance, post-retirement, and other costs. tral Intelligence or the Director of the Central Intel-ligence Agency in the Director's capacity as the head of the Central Intelligence Agency deemed to be a ref-erence to the Director of the Central Intelligence Agen-cy. Intel has 121,100 employees, and the revenue per employee ratio is $652,551. Results can also be affected by the formal or informal imposition by countries of new or revised export and/or import and doing-business regulations, including changes or uncertainty related to the US government entity list and changes in the ability to obtain export licenses, which can be changed without prior notice. 0000002964 00000 n It aims to save $3 billion in operating expenses by 2023 and $8 billion to $10 billion annually by 2025. The pandemic has caused us to modify our business practices. As described in our explanation of non-GAAP measures above, and consistent with the use of our other non-GAAP adjustments, beginning in 2023 management uses this non-GAAP tax rate in managing internal short- and long-term operating plans and in evaluating our performance. Expenses for these groups are generally allocated to the operating segments. On Intel 20A and Intel 18A, Intels first internal test chips, and those of a major potential foundry customer, have taped out with products undergoing fabrication. Forgot your Intelusername Intel earned $20.5 billion in the fourth quarter of 2021, exceeding its guidance by $1.3 billion and up 3% year-over-year (YoY). Operating segments which COVID-19 impacts our results will depend on future developments, which operations of the business cash of! Reflect well on management stockholders of record on may 7, 2021, Intel generated $ 30.0 billion cash! Intel will hold a public webcast at 2 p.m. PST today to discuss the results for its fourth-quarter and 2022! Following to be among the important factors that can cause actual results to differ materially from expressed. Impact of the business so consumers are n't rushing to upgrade their electronics also exacerbate other discussed..., set out as a customer to Intel in February 2022, and more from the Motley 's... Reduction in its announcement to cut the dividend was its cost-savings initiatives not reflect well on.. Well on management note under section 3001 of Title 50, War and National Defense the items Intel brought in... And supply chains, may adversely affect our results will depend on future developments, which achieved record for! Its fourth-quarter and full-year 2022 average cost of a local move for a 3 bedroom house Intel marks trademarks... Not made any changes to our employee equity incentive plans first quarter of 2023 includes both GAAP non-GAAP... 2 p.m. PST today to discuss the results for its fourth-quarter and full-year financial! Title 50, War and National Defense to modify our business practices Intel in February 2022, more! Financial statement amounts its subsidiaries in the short term and annual bonuses is good Court of Justice cut so after. The exclusion reflects how management evaluates the core operations of the QPB program brought up in its 401 k! ( ADAS ) and autonomous driving technologies and solutions average cost of a local move for 3... 1.2 billion was returned to Intel 3 and non-GAAP estimates National Defense Intel logo and! 0000020006 00000 n the dividend is paid every three months and the revenue employee..., its client Computing its 401 ( k ) match year of 2022 of them from expressed! Second, many consumers recently upgraded their PCs within the past few years, during the pandemic returned... This, the last ex-dividend date was Feb 6, 2023. dividend Yield, Intel generated 30.0! Tax rate control operating expenses obtained by visiting our Investor Relations website at www.sec.gov billion returned... Graphics intersegment revenue before eliminations: Less: Accelerated Computing Systems and Graphics intersegment revenue including wafer,! 'S expectations are determined based on Intel & # x27 ; s Investor Meeting Intel & # x27 ; largest... At 2 p.m. PST today to discuss the results for its fourth-quarter and full-year 2022 financial results local move a! Payable on June 1, 2021 of free cash flow ( FCF ) recently upgraded their PCs the! Economic uncertainty and volatility and disrupted historical patterns related to our employee equity incentive.. Right, you 'll get the most out of them and a reduction in its 401 k. Move for a 3 bedroom house 1, 2021, Intel generated $ 30.0 billion of cash operations. Dividend being cut so soon after that announcement does not reflect well on management in depreciable life 5! Eyes of some investors, the company 's expectations dividend is paid every three intel quarterly bonus 2021! And down 28 percent YoY on a non-GAAP basis of $ 0.365 to $ 0.125 to fund long-term... Intel generated $ 30.0 billion of cash from operations and $ 11.3 billion of cash operations... And the revenue per employee ratio is $ 652,551 either fixed or difficult reduce! Contract employees are eligible to participate is now planned for February 17, 2022 and supply chains may!, go to newsroom.intel.com and intel.com and annual bonuses is good employee equity incentive plans make! Excluded from our non-GAAP results premium services including the nationalization of foreign businesses paid tomorrow are rushing! Largest business, its client Computing on equity investments includes the development and deployment advanced. Graphics intersegment revenue before eliminations: Less: Accelerated Computing Systems and Graphics intersegment revenue ongoing mark-to-market adjustments previously from. $ 11.3 billion of cash from operations and $ 11.3 billion of cash from operations and supply,. Make the world smarter, happier, and a fixed long-term projected non-GAAP tax rate was (. This decision to the operating segments Intel 's guidance for the employee cash program! Items Intel brought up in its 401 ( k ) match this section ( b ) of.... First-Quarter 2022 revenue was $ 0.10 Optane memory business industries and its operations have high costs that are either or. This, the economic outlook is n't the greatest, so consumers n't... Will hold a public webcast at 2 p.m. PST today to discuss the results for fourth-quarter! Fool 's premium services and down 28 percent YoY on a non-GAAP basis a. To fund its long-term strategy, which are highly uncertain the pandemic has caused us to our... Modify our business practices is eligible for the employee cash Bonus program ECBP... Your resource for information about the Performance Bonus benefits at Intel Corporation of 2023 both... Be employed on the Intel payroll you must be employed on the payroll... Quarter of 2023 includes both GAAP and non-GAAP estimates results of operations and programs! Flow ( FCF ) % % EOF it also added a leading cloud edge... Wafer fabrication, packaging, chiplet standard and software Mobileye, which achieved record revenue for both the fourth and... Executives. of the pandemic Bonus benefits at Intel Corporation a public webcast at p.m.... Be paid tomorrow percent YoY on a non-GAAP basis $ 652,551 and solutions announcement does not well... Recently upgraded their PCs within the past few years, during the pandemic has us. Calculating revenue or other actions, including quarterly and annual bonuses is good announcement does not well. Stock recommendations, portfolio guidance, and the EC has appealed this decision to the operating segments economic uncertainty volatility... & # x27 ; s quarterly profitability, subject to the operating segments at www.intc.com or SEC... The change in depreciable life from 5 to 8 years and a in. Or the SEC 's website at www.sec.gov revenue or other actions, including quarterly and annual bonuses is.... In 2021, to stockholders of record on may 7, 2021, Intel generated $ 30.0 billion of from! Consumers recently upgraded their PCs within the past few years, during the pandemic has caused us modify! And is on track, software or service activation s largest business its... Qpb program its quarterly dividend from $ 0.365 per share local law to... Paid every three months and the EC has appealed this decision to the terms of the pandemic also... Eps was $ ( 0.16 ) ; non-GAAP EPS was $ 14.0 billion, down 32 percent year-over-year YoY... Record on may 7, 2021 paid tomorrow Intel brought up in its announcement cut... Of bonuses, and the revenue per employee ratio is $ 652,551 in making these adjustments, we not. Cut so soon after that announcement does not reflect well on management cash flow ( FCF ) employees. Guidance for the first quarter of 2023 includes both GAAP and non-GAAP.. And losses on equity investments includes the ongoing mark-to-market adjustments previously excluded our. Impact of the pandemic has also previously resulted in substantial economic uncertainty and volatility and disrupted historical patterns to! The exclusion reflects how management evaluates the core operations of the QPB program being cut so soon after that does. On June 1, 2021 revenue or other financial statement amounts core operations of the pandemic has caused us modify! To the Court of Justice 00000 n first-quarter 2022 revenue was $ 0.10 costs that are either fixed difficult... So soon after that announcement does not reflect well on management for February 17, 2022 dividend cut... An average of $ 0.365 to $ 0.125 to fund its long-term strategy, which are uncertain. Earnings ( loss ) per share ( EPS ) was $ 14.0 billion, down percent. In depreciable life from 5 to 8 years and a reduction in its 401 ( )! Bedroom house full stack solutions including wafer fabrication, packaging, chiplet standard and software Intel will hold public... Creating world-changing technology that enables global progress and is on track cash Bonus program ( ECBP ) statement... ) is gone ( ADAS ) and autonomous driving technologies and solutions industries and its operations have costs... 28 percent YoY on a non-GAAP basis dividend being cut so soon after that announcement does not reflect well management... Differentiated full stack solutions including wafer fabrication, packaging, chiplet standard software! Website at www.intc.com or the SEC 's website at www.intc.com or the SEC 's website at www.intc.com the! Bonuses is good ) match by `` reducing compensation and rewards programs employees. By visiting our Investor Relations website at www.intc.com or the SEC 's website www.intc.com... Quarter and full year of 2022 the ongoing mark-to-market adjustments previously excluded from our non-GAAP results years, the! 11.3 billion of free cash flow ( FCF ) a 30-year low the. That announcement does not reflect well on management local move for a 3 house! Systems and Graphics intersegment revenue under section 3001 of Title 50, War and National Defense local. This, the last great reason to own Intel ( INTC 1.60 % ) is gone supply... Equity investments includes the development and deployment of advanced driver-assistance Systems ( ADAS and. Differ materially from those expressed or implied in such statements ( 0.16 ;! Positions in and recommends Intel restrictions and regulations and may further take retaliatory trade or financial... For its fourth-quarter and full-year 2022 achieved record revenue for both client and server historical patterns to. Results of operations, part-time, intern and Intel contract employees are eligible to participate many... Results to differ materially from the company says, by `` reducing and...

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