8-KEarnings & Results

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

Filed July 20, 2011For Securities:INTC

Summary

Intel Corporation filed an 8-K on July 20, 2011, to report its financial results for the second quarter ended July 2, 2011, and to provide forward-looking guidance for the third quarter and full year 2011. The filing incorporates by reference a press release containing these financial details and outlook. Investors should note that the report includes both GAAP and non-GAAP financial measures. While Intel's management uses non-GAAP measures to provide a clearer view of performance, these should be considered alongside, and not as a substitute for, GAAP figures. The press release details adjustments made to GAAP results and outlines the rationale for their use, offering insights into operational performance beyond standard accounting principles.

Key Highlights

  • 1Intel reported its financial results for the second quarter ended July 2, 2011.
  • 2The company provided forward-looking guidance for the third quarter and full year 2011.
  • 3The 8-K filing incorporates a press release (Exhibit 99.1) containing detailed financial information.
  • 4Both GAAP and non-GAAP financial measures are presented in the earnings release.
  • 5Management provided explanations for the use of non-GAAP financial measures and their utility for investors.
  • 6Reconciliations between GAAP and non-GAAP figures are included for current and prior periods.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce Intel's financial results for the second quarter of 2011 and to provide updated financial guidance for the third quarter and the full fiscal year 2011, as detailed in an accompanying press release.

No, the report includes both Generally Accepted Accounting Principles (GAAP) financial measures and non-GAAP financial measures. Non-GAAP measures are provided to offer additional insights into the company's performance and are explained in the filing.

The detailed financial results for the quarter ended July 2, 2011, and the forward-looking statements for the third quarter and full year 2011 are presented in the press release attached as Exhibit 99.1 to this 8-K filing.

Non-GAAP financial measures exclude certain items that management believes are not indicative of ongoing operational performance. Intel provides these measures because management believes they offer useful information to investors for understanding the company's performance and for comparing results across periods. However, they should not be considered a substitute for GAAP measures.