8-KEarnings & Results

INTEL CORP 8-K Report, Financial Results (Jul 15, 2015)

Filed July 15, 2015For Securities:INTC

Summary

Intel Corporation (INTC) filed an 8-K on July 15, 2015, primarily to report its financial results for the second quarter ended June 27, 2015. The filing includes financial information presented under U.S. Generally Accepted Accounting Principles (GAAP) and also incorporates non-GAAP financial measures, specifically gross cash, net cash, and other longer-term investments. Intel's management provided commentary and forward-looking statements for the remainder of 2015 and the third quarter of 2015, detailing how these non-GAAP metrics are used and why they are considered useful for investors. However, the company explicitly states that these non-GAAP measures should be viewed as supplementary to, and not a replacement for, GAAP-based financial results, urging investors to carefully evaluate both. The attached exhibits, 99.1 and 99.2, contain the detailed financial data and commentary from Executive Vice President and Chief Financial Officer Stacy J. Smith. While these results provide insight into Intel's performance and future outlook at that time, the information within this report is not considered "filed" for regulatory purposes under the Securities Exchange Act of 1934.

Key Highlights

  • 1Intel reported its Q2 2015 financial results, including GAAP figures.
  • 2The company also presented non-GAAP financial measures such as gross cash and net cash.
  • 3Detailed reconciliations between GAAP and non-GAAP financial measures are provided for investor clarity.
  • 4Forward-looking statements for Q3 2015 and the full year 2015 were disclosed.
  • 5Commentary from CFO Stacy J. Smith is included, offering management's perspective on the results and outlook.
  • 6The filing explicitly advises investors to consider non-GAAP measures as supplementary to, and not superior to, GAAP results.
  • 7The information in this 8-K is not deemed 'filed' for purposes of the Securities Exchange Act of 1934.

Frequently Asked Questions

The 8-K filing primarily serves to report Intel's financial results for the quarter ended June 27, 2015. While the specific figures are detailed in the attached exhibits, the filing itself focuses on the reporting of these GAAP results.

Intel highlighted non-GAAP measures including gross cash, net cash, and other longer-term investments. These were discussed in their Q2 2015 earnings conference and are presented with reconciliations to GAAP figures.

The filing includes forward-looking statements regarding Intel's expectations for the third quarter of 2015 and the full fiscal year 2015. These projections are available in the attached exhibits.

Intel's management uses non-GAAP measures to provide additional insights into the company's performance. However, the company explicitly states that these measures should not be considered a substitute for, or superior to, GAAP financial measures. Investors are encouraged to evaluate both GAAP and non-GAAP results carefully.