8-KEarnings & Results

INTEL CORP 8-K Report, Financial Results (May 9, 2011)

Filed May 9, 2011For Securities:INTC

Summary

This Intel Corporation (INTC) 8-K filing from May 9, 2011, provides investors with updated supplemental operating segment results reflecting a significant reorganization effective in Q1 2011. The company has realigned its structure to better reflect its strategic focus, notably creating a Netbook and Tablet Group (NTG) and divesting its Digital Health Group. These changes, along with the integration of recent acquisitions like McAfee and Infineon's Wireless Solutions business (now Intel Mobile Communications or IMC), have led to a retrospective adjustment of prior-period segment data. The new structure includes segments such as PC Client Group, Data Center Group, Other Intel Architecture Group (which now houses NTG and IMC), and Software and Services Group (which now houses McAfee).

Key Highlights

  • 1Intel implemented a new operating segment structure effective Q1 2011, impacting financial reporting.
  • 2A dedicated Netbook and Tablet Group (NTG) was formed, with its results now reported under 'Other Intel Architecture Group'.
  • 3The Digital Health Group was divested and its results are now included in the 'All other' category.
  • 4Acquisitions of Infineon's Wireless Solutions business (forming Intel Mobile Communications - IMC) and McAfee have been integrated.
  • 5IMC operating results are included in the 'Other Intel Architecture Group'.
  • 6McAfee's operating results are now part of the 'Software and Services Group'.
  • 7Prior period amounts have been retrospectively adjusted to reflect these segment changes.

Frequently Asked Questions

The main purpose is to provide investors with supplemental operating segment results under Intel's newly reorganized structure, effective from the first quarter of 2011. This includes details on new groups formed, divested businesses, and integrated acquisitions.

Intel has created a Netbook and Tablet Group (NTG) and divested its Digital Health Group. Additionally, acquisitions of Infineon's Wireless Solutions business (now Intel Mobile Communications - IMC) and McAfee have led to new reporting segments. Prior period segment data has been adjusted retrospectively to reflect these changes.

The operating results for the NTG and IMC are now included in the 'Other Intel Architecture Group'. The results of the acquired McAfee business are reported within the 'Software and Services Group'.

No, this filing provides supplemental operating segment information and does not restate or revise Intel's previously reported consolidated balance sheets, statements of income, or statements of cash flows.