Summary
Intel Corporation (INTC) filed an 8-K on October 25, 2018, primarily to announce its third-quarter financial results for the period ended September 29, 2018, and to provide forward-looking statements for the fourth quarter and full year 2018. The report references a press release (Exhibit 99.1) detailing these results and outlook. Investors should note that the press release includes non-GAAP financial measures, which the company's management uses to provide additional insights into operations. Reconciliations between GAAP and non-GAAP measures are provided within the press release.
Key Highlights
- 1Intel announced its third-quarter 2018 financial results and provided updated guidance for Q4 2018 and full-year 2018.
- 2The 8-K filing incorporates by reference a press release (Exhibit 99.1) containing the detailed financial results and outlook.
- 3The press release includes non-GAAP financial measures, with reconciliations to GAAP measures provided for investor clarity.
- 4Management explains its use of non-GAAP measures and why they are considered useful for investors.
- 5The information furnished in this Item 2.02 is not considered 'filed' for the purposes of the Securities Exchange Act of 1934.
- 6Key details on revenue, earnings, and segment performance for Q3 2018 would be found in the referenced press release.
Frequently Asked Questions
The primary purpose of this 8-K filing is to publicly announce Intel's third-quarter 2018 financial results and to share its financial outlook for the upcoming fourth quarter and the full fiscal year 2018. It serves as official notification of these important company updates.
The 8-K itself does not contain the detailed financial statements. Instead, it incorporates by reference a press release (Exhibit 99.1) where these financial results and the forward-looking guidance are presented. Investors need to refer to this attached press release for specific figures.
Non-GAAP financial measures are financial metrics that exclude certain items that are included in the corresponding GAAP (Generally Accepted Accounting Principles) measures. Intel uses them to provide what it believes is a more meaningful picture of its ongoing operational performance and financial health, excluding items that management deems less relevant to current operations. The press release explains how Intel uses these measures and provides reconciliations to GAAP.
No, investors should not consider non-GAAP measures as a substitute for or superior to GAAP measures. The filing and accompanying press release emphasize that GAAP financial results and their reconciliations should be carefully evaluated alongside the non-GAAP information.