8-KEarnings & Results

INTEL CORP 8-K Report, Financial Results (Oct 13, 2015)

Filed October 13, 2015For Securities:INTC

Summary

Intel Corporation (INTC) filed an 8-K on October 13, 2015, primarily to provide investors with its financial results for the third quarter ended September 26, 2015, and forward-looking statements for the remainder of 2015 and the fourth quarter. The filing incorporates by reference a press release (Exhibit 99.1) containing GAAP financial information and reconciliations to non-GAAP financial measures such as gross cash, net cash, and other longer-term investments. This non-GAAP information is intended to offer additional insights that management finds useful for understanding the company's performance. A separate exhibit (Exhibit 99.2) includes commentary from the Executive Vice President and Chief Financial Officer, Stacy J. Smith, offering further context on the quarterly results and future outlook. Investors are advised to consider both GAAP and non-GAAP measures, with the understanding that non-GAAP figures should not be viewed as a substitute for GAAP-based financial reporting.

Key Highlights

  • 1Intel released its Q3 2015 financial results and forward-looking statements for Q4 2015 and full-year 2015.
  • 2The report includes financial information prepared in accordance with U.S. GAAP.
  • 3Non-GAAP financial measures for gross cash, net cash, and other longer-term investments are provided.
  • 4Management believes these non-GAAP measures offer useful insights into financial performance.
  • 5Reconciliations between GAAP and non-GAAP financial results are included.
  • 6Commentary from CFO Stacy J. Smith is provided to elaborate on the results and outlook.
  • 7The information furnished in this report is not considered 'filed' for the purposes of the Securities Exchange Act of 1934.

Frequently Asked Questions

The primary purpose of this 8-K filing is to officially disseminate Intel's financial results for the third quarter ended September 26, 2015, along with forward-looking statements regarding expectations for the fourth quarter of 2015 and the full year 2015. It serves as a means to provide investors with timely financial information.

The filing shares financial information prepared according to U.S. Generally Accepted Accounting Principles (GAAP). Additionally, it provides non-GAAP financial measures, including gross cash, net cash, and other longer-term investments, with reconciliations to GAAP to help investors understand management's perspective.

Commentary on the financial results and forward-looking statements was provided by Stacy J. Smith, Executive Vice President and Chief Financial Officer of Intel.

Investors should carefully evaluate the non-GAAP financial measures in conjunction with the GAAP results. While management finds these non-GAAP measures useful for additional insight, they should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP.