8-KEarnings & Results

INTEL CORP 8-K Report, Financial Results (Jan 18, 2013)

Filed January 18, 2013For Securities:INTC

Summary

Intel Corporation (INTC) filed an 8-K on January 17, 2013, referencing financial information and commentary released on January 16, 2013, for the quarter and fiscal year ended December 29, 2012. The filing primarily serves to incorporate by reference the details of these results and forward-looking statements, which were made available on Intel's investor website. Investors should note that this information was not treated as 'filed' for the purposes of the Securities Exchange Act of 1934, but rather as 'furnished'. The company provided both GAAP and non-GAAP financial measures, including gross margin, operating income, net income, and diluted earnings per share. A reconciliation between GAAP and non-GAAP figures for the relevant periods (three and twelve months ended December 29, 2012) was included in the attached exhibit. Management highlighted their use of non-GAAP measures to provide a more useful view of the business, though investors are cautioned to consider these alongside GAAP results.

Key Highlights

  • 1Intel provided financial results for the quarter and fiscal year ended December 29, 2012.
  • 2The company also released forward-looking statements for 2013 and Q1 2013.
  • 3Financial information was incorporated by reference from the company's investor website.
  • 4The filing includes both GAAP and non-GAAP financial measures.
  • 5Key non-GAAP metrics disclosed include gross margin, operating income, net income, and diluted EPS.
  • 6Reconciliations between GAAP and non-GAAP results are provided in Exhibit 99.1.
  • 7Management uses non-GAAP measures to offer additional insights into financial performance.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially incorporate by reference financial results and forward-looking statements that Intel Corporation released on its investor website on January 17, 2013, for the periods ending December 29, 2012, and looking into 2013. It serves as a formal record of this information being made available to the public.

No, this 8-K filing itself does not contain the detailed financial results. Instead, it references an attached exhibit (Exhibit 99.1) which includes the financial information, commentary from the CFO, and forward-looking statements. Investors need to refer to Exhibit 99.1 for the specific numbers.

GAAP (Generally Accepted Accounting Principles) are standard accounting rules. Non-GAAP measures are adjusted by management to exclude certain items they believe don't reflect the company's ongoing operational performance. Intel uses non-GAAP measures for gross margin, operating income, net income, and diluted earnings per share to provide what they consider a more useful view for investors, but these should not be considered a substitute for GAAP measures.

No, the filing explicitly states that 'The information in this report shall not be treated as filed for purposes of the Securities Exchange Act of 1934, as amended.' This means the information is 'furnished' rather than officially 'filed', which has certain legal implications regarding liability for the disclosed information.