8-KEarnings & Results

INTEL CORP 8-K Report, Financial Results (Jul 15, 2008)

Filed July 15, 2008For Securities:INTC

Summary

Intel Corporation filed an 8-K on July 15, 2008, to report its financial results for the second quarter ended June 28, 2008, and to provide forward-looking statements. The filing includes a press release detailing these results and supplemental operating information for key business segments: Digital Enterprise Group, Mobility Group, and 'all other' categories. Investors can use this information to assess the company's performance during the quarter and its outlook for the remainder of 2008. A significant note in the filing is the company's completion of a reorganization in the second quarter of 2008. This restructuring involved the transfer of certain revenue and costs from the Digital Home Group's consumer PC components business to the Digital Enterprise Group. The Digital Home Group's focus has subsequently shifted to consumer electronics components. Intel has restated historical results to reflect this organizational change and other minor adjustments, providing a clearer view of segment performance and trends.

Key Highlights

  • 1Intel reported its financial results for the second quarter ended June 28, 2008.
  • 2The company provided forward-looking statements for the remainder of 2008 and the third quarter of 2008.
  • 3The 8-K filing incorporates by reference a press release (Exhibit 99.1) containing these financial details and outlook.
  • 4Supplemental operating results for key segments (Digital Enterprise Group, Mobility Group, 'all other') are provided.
  • 5Intel completed a reorganization in Q2 2008, reallocating business between the Digital Home Group and Digital Enterprise Group.
  • 6Historical financial results were adjusted to reflect this reorganization and other minor changes.
  • 7The filing indicates that the information provided is supplemental and may be of interest to stockholders.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report Intel Corporation's financial results for the second quarter ended June 28, 2008, and to provide forward-looking guidance for the upcoming quarters and the full year 2008. It also details a recent business reorganization.

The supplemental operating information covers the Digital Enterprise Group, the Mobility Group, and an 'all other' category. This allows investors to see performance data broken down by these key areas.

In the second quarter of 2008, Intel reorganized by moving revenue and costs related to a portion of the Digital Home Group's consumer PC components business to the Digital Enterprise Group. The Digital Home Group's focus was then narrowed to consumer electronics components.

Intel adjusted its historical financial results to reflect the impact of this reorganization and other minor organizational changes. This ensures that the reported segment information, both current and historical, is presented on a comparable basis for investors.