8-KEarnings & Results

INTEL CORP 8-K Report, Financial Results (Oct 14, 2014)

Filed October 14, 2014For Securities:INTC

Summary

Intel Corporation (INTC) filed an 8-K on October 14, 2014, reporting its financial results for the third quarter ended September 27, 2014, and providing forward-looking statements for the fourth quarter of 2014. The filing incorporates by reference two exhibits: Exhibit 99.1, which contains GAAP financial information and a reconciliation of non-GAAP financial measures including gross cash, net cash, and other longer-term investments, and Exhibit 99.2, which includes financial commentary from the CFO, Stacy J. Smith, and outlook for the remainder of 2014. Investors should note that the non-GAAP measures, while presented as useful by management, should not be considered a substitute for GAAP-based financial measures and should be evaluated alongside them. The primary focus of this report is to communicate the company's recent financial performance and its expectations for the near future. While specific figures are not detailed within the 8-K text itself, it directs investors to the attached exhibits for the actual Q3 2014 results and the Q4 2014 guidance. The inclusion of non-GAAP measures indicates Intel's approach to providing a more granular view of its financial health, particularly concerning its cash position and investments, which is a common practice in the technology sector.

Key Highlights

  • 1Intel announced its financial results for the third quarter ended September 27, 2014.
  • 2The company provided forward-looking statements and guidance for the fourth quarter of 2014.
  • 3Financial results and commentary are presented in two incorporated exhibits (Exhibit 99.1 and Exhibit 99.2).
  • 4Exhibit 99.1 includes GAAP financial information and a reconciliation of non-GAAP financial measures.
  • 5Key non-GAAP measures mentioned include gross cash, net cash, and other longer-term investments.
  • 6Management believes these non-GAAP measures offer useful insights but advises they are not a substitute for GAAP measures.
  • 7The information in this report is not deemed 'filed' for the purposes of the Securities Exchange Act of 1934.

Frequently Asked Questions

The 8-K filing states that Intel's financial results for the quarter ended September 27, 2014, are included in Exhibit 99.1. Investors would need to refer to this exhibit for specific revenue, profit, and earnings per share figures for Q3 2014.

The filing indicates that forward-looking statements relating to the fourth quarter of 2014 are presented in Exhibit 99.1 and Exhibit 99.2. These exhibits would contain Intel's revenue and margin outlook for Q4 2014.

The filing specifically mentions non-GAAP measures for 'gross cash,' 'net cash,' and 'other longer term investments.' These measures are presented alongside GAAP results in Exhibit 99.1 with a reconciliation provided by management.

According to the filing, Intel's management uses these non-GAAP measures and believes they provide useful information for investors by offering a different perspective on the company's financial performance, particularly concerning its cash position and investments. However, they caution that these should not replace GAAP measures.