Summary
Intel Corporation (INTC) filed an 8-K on July 22, 2021, to announce its second-quarter 2021 financial results and provide its outlook for the third quarter and full year 2021. The filing references a press release (Exhibit 99.1) containing these financial details and forward-looking statements. Investors should note that the press release includes non-GAAP financial measures, which the company uses internally and believes are useful for investors. However, the filing explicitly states that these non-GAAP measures are not a substitute for or superior to GAAP measures, and a careful evaluation of GAAP results and their reconciliations is advised. The primary purpose of this 8-K is to furnish this earnings information, not to file it for the purposes of the Securities Exchange Act of 1934.
Key Highlights
- 1Intel reported its Q2 2021 financial results and provided forward-looking guidance for Q3 and full-year 2021.
- 2The company's earnings press release, attached as Exhibit 99.1, contains detailed financial information.
- 3The press release includes non-GAAP financial measures alongside GAAP measures.
- 4Intel's management uses these non-GAAP measures and explains their utility for investors.
- 5A reconciliation between non-GAAP and GAAP financial measures is provided in the press release.
- 6The information furnished in this 8-K is not considered 'filed' for the purposes of the Securities Exchange Act of 1934.