8-KEarnings & Results

INTEL CORP 8-K Report, Financial Results (Jul 17, 2012)

Filed July 17, 2012For Securities:INTC

Summary

This 8-K filing by Intel Corporation, dated July 17, 2012, announces the company's financial results for the second quarter ended June 30, 2012. It incorporates by reference a press release that provides both GAAP and non-GAAP financial measures, including gross margin, operating income, net income, and earnings per share. The filing also includes the company's forward-looking outlook for gross margin percentage for the third quarter of 2012 and for the full year 2012. Investors should note that while Intel provides non-GAAP measures, which management uses to offer additional insights into the company's performance, these should be considered alongside, not as a substitute for, GAAP financial results. The detailed reconciliation of GAAP to non-GAAP measures, along with management's rationale for their use, is available in Exhibit 99.1.

Key Highlights

  • 1Intel Corporation reported its financial results for the second quarter ended June 30, 2012.
  • 2The filing includes both GAAP and non-GAAP financial measures, offering a comprehensive view of performance.
  • 3Key non-GAAP metrics disclosed are gross margin, operating income, net income, and diluted earnings per share.
  • 4The company provided a forward-looking outlook for its non-GAAP gross margin percentage for Q3 2012 and the full year 2012.
  • 5A reconciliation of GAAP to non-GAAP financial measures is provided, explaining management's use of these non-GAAP metrics.
  • 6The information presented in the filing is based on a press release issued on July 17, 2012.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Intel Corporation's financial results for the second quarter ended June 30, 2012, and to provide forward-looking financial guidance for the upcoming periods.

No, Intel provides both Generally Accepted Accounting Principles (GAAP) financial results and also includes non-GAAP financial measures. These non-GAAP measures include gross margin, operating income, net income, and diluted earnings per share, which management believes offer useful insights to investors.

Intel provides a forward-looking outlook for its non-GAAP gross margin percentage for both the third quarter of 2012 and the full year 2012.

A reconciliation of the adjustments from GAAP to non-GAAP financial measures, along with an explanation of why management uses these non-GAAP measures and their limitations, is included in Exhibit 99.1 of this filing.