8-KEarnings & Results

INTEL CORP 8-K Report, Financial Results (Jul 18, 2012)

Filed July 18, 2012For Securities:INTC

Summary

Intel Corporation (INTC) filed an 8-K on July 18, 2012, reporting on its financial results for the quarter ended June 30, 2012, and providing forward-looking guidance. The company is presenting both GAAP and non-GAAP financial measures, including gross margin, operating income, net income, and earnings per share. Investors should note that while non-GAAP measures are provided for additional insight, they should not be considered a substitute for GAAP-based reporting. The filing primarily directs investors to Exhibit 99.1, which contains detailed financial information and commentary from the CFO, Stacy J. Smith. This exhibit, available on Intel's investor website, provides a reconciliation of the non-GAAP figures to their GAAP counterparts and explains management's rationale for using these non-GAAP metrics. This suggests a focus on adjusted performance metrics to offer investors a clearer view of operational trends.

Key Highlights

  • 1Intel released its financial results for the second quarter ended June 30, 2012.
  • 2The report includes both GAAP and non-GAAP financial measures for key performance indicators.
  • 3Non-GAAP measures presented include gross margin, operating income, net income, and diluted earnings per share.
  • 4Forward-looking statements regarding 2012 and Q3 2012 performance are provided.
  • 5Detailed financial information and CFO commentary are available in Exhibit 99.1.
  • 6A reconciliation between GAAP and non-GAAP financial measures is included in Exhibit 99.1.
  • 7Management uses non-GAAP measures to provide additional useful information to investors.

Frequently Asked Questions

The main purpose of this 8-K filing is to report Intel's financial results for the second quarter of 2012 and to provide forward-looking guidance for the remainder of 2012 and the third quarter of 2012.

Intel provides both U.S. Generally Accepted Accounting Principles (GAAP) financial measures and non-GAAP financial measures. The non-GAAP measures include gross margin, operating income, net income, and diluted earnings per share.

Detailed financial information, commentary from the CFO, and reconciliations between GAAP and non-GAAP results are provided in Exhibit 99.1, which is attached to this 8-K filing and incorporated by reference. This information was also posted on Intel's investor website.

While Intel provides non-GAAP financial measures as they offer useful insights into performance, the filing explicitly states that these measures have limitations and should not be considered a substitute for, or superior to, financial measures prepared in accordance with GAAP. Investors should review both GAAP and non-GAAP figures.