8-KEarnings & ResultsExhibits & Filings

INTEL CORP 8-K Report, Financial Results (Apr 27, 2017)

Filed April 27, 2017For Securities:INTC

Summary

Intel Corporation (INTC) filed an 8-K on April 27, 2017, to report its first-quarter 2017 financial results and provide forward-looking guidance. The key takeaway for investors is the company's strong performance, highlighted by record first-quarter revenue of $14.8 billion. This robust top-line growth, coupled with an increase in both GAAP and non-GAAP operating income, led Intel to raise its full-year revenue and EPS outlook. The filing also emphasizes the use of non-GAAP financial measures in their reporting, providing reconciliations and management's rationale for their usefulness to investors. While these non-GAAP figures offer insights into operational performance, investors are reminded to consider them alongside the official GAAP results. The raised full-year guidance suggests management's confidence in continued positive momentum for the remainder of 2017.

Key Highlights

  • 1Intel reported record first-quarter 2017 revenue of $14.8 billion.
  • 2GAAP Operating Income was $3.6 billion, and Non-GAAP Operating Income was $3.9 billion for Q1 2017.
  • 3The company raised its full-year 2017 revenue and EPS outlook.
  • 4The 8-K includes a press release with detailed Q1 results and forward-looking statements.
  • 5Financial information and commentary from the CFO are also provided, including non-GAAP measures.
  • 6Reconciliations of GAAP to non-GAAP financial measures are available in the exhibits.
  • 7The information furnished is for informational purposes and not considered 'filed' under the Securities Exchange Act of 1934.

Frequently Asked Questions

Intel announced record first-quarter revenue of $14.8 billion. GAAP operating income was $3.6 billion, and non-GAAP operating income was $3.9 billion.

Yes, Intel raised its full-year 2017 revenue and EPS outlook based on its strong first-quarter performance.

The non-GAAP measures are used by management to provide a clearer view of operational performance and are considered by management to be useful for investors. However, investors should evaluate these alongside the official GAAP financial results and their reconciliations.

Detailed financial results and commentary are available in Exhibit 99.1 (press release) and Exhibit 99.2 (CFO commentary), which are attached to the 8-K filing.