8-KEarnings & Results

INTEL CORP 8-K Report, Financial Results (Apr 20, 2011)

Filed April 20, 2011For Securities:INTC

Summary

Intel Corporation (INTC) filed an 8-K report on April 20, 2011, primarily to disclose financial results and forward-looking statements for the quarter ended April 2, 2011. The report directs investors to Exhibit 99.1, which contains commentary from the CFO and financial information. Notably, this exhibit includes both GAAP and non-GAAP financial measures, offering a more detailed view of the company's performance and outlook. Investors should pay close attention to the provided non-GAAP figures as management believes they offer valuable insights into the business, but also understand their limitations compared to GAAP measures.

Key Highlights

  • 1Intel provided financial results for the quarter ended April 2, 2011.
  • 2The filing incorporates by reference commentary from the CFO, Stacy J. Smith.
  • 3Both GAAP and non-GAAP financial measures are disclosed, including net revenue, gross margin, operating income, net income, and diluted earnings per share.
  • 4The report includes forward-looking statements for the full year 2011 and the second quarter of 2011.
  • 5Non-GAAP financial measures for net revenue and gross margin percentage are provided as outlook.
  • 6Exhibit 99.1 contains reconciliations between GAAP and non-GAAP results and outlook.
  • 7Management believes non-GAAP measures provide useful information for investors, but they should not replace GAAP measures.

Frequently Asked Questions

The primary purpose of this 8-K filing is to disclose Intel's financial results for the first quarter of 2011 and to provide forward-looking statements for the remainder of 2011 and the second quarter of 2011. Investors are directed to Exhibit 99.1 for detailed financial commentary and outlook.

The filing includes both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial measures. These cover key metrics such as net revenue, gross margin, operating income, net income, and diluted earnings per share for the quarter ended April 2, 2011, as well as forward-looking guidance.

Intel provides non-GAAP financial measures because management believes they offer useful insights into the company's performance and financial condition beyond what GAAP measures alone can provide. These measures often exclude certain items to better reflect the company's core operational performance. However, investors are cautioned that non-GAAP measures have limitations and should be considered alongside, not as a substitute for, GAAP figures.

All the detailed financial information, commentary from the CFO, reconciliations of GAAP to non-GAAP measures, and forward-looking outlook are located in Exhibit 99.1, which is incorporated by reference into this 8-K filing. This exhibit was posted on Intel's investor website (intc.com) on April 19, 2011.