01—Abstract
Summary
Summary of the 8-K filed October 27, 2022. Cited figures are marked; the original filing is the authoritative source.
Intel Corporation (INTC) filed an 8-K on October 27, 2022, reporting its third-quarter 2022 financial results and providing forward-looking statements for the fourth quarter and full year 2022.
The filing primarily incorporates by reference a press release detailing these results and outlook. Investors should note that the press release includes non-GAAP financial measures, which management uses for internal reporting and provides additional insight into operational performance. While these measures are presented alongside GAAP figures and include reconciliations, they should be evaluated in conjunction with the official GAAP financial statements.
02—Key points
Key Highlights
- Intel reported its third-quarter 2022 financial results and provided guidance for Q4 and full year 2022.
- The 8-K filing incorporates by reference a press release dated October 27, 2022, containing the detailed financial information.
- Non-GAAP financial measures are presented in the press release, offering additional perspectives on performance.
- Reconciliations between non-GAAP and GAAP financial measures are provided within the press release.
- Management uses non-GAAP measures to provide useful insights to investors and for internal assessment.
- The information furnished in this 8-K is not considered 'filed' for regulatory purposes under the Securities Exchange Act of 1934.
- The filing includes the Cover Page Interactive Data File in Inline XBRL format as Exhibit 104.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to publicly announce Intel's financial results for the third quarter of 2022 and to provide its financial outlook for the fourth quarter and the full year 2022. It achieves this by incorporating a press release that contains this information.
What are non-GAAP financial measures and why are they included?
Non-GAAP financial measures are performance metrics that exclude certain items that are included in GAAP (Generally Accepted Accounting Principles) measures. Intel includes them to provide investors with a clearer view of ongoing operational performance, as management believes these measures offer useful insights that complement GAAP results. However, investors should always consider them alongside the official GAAP financial statements.
Where can I find the detailed financial results and outlook?
The detailed financial results and outlook for the third quarter of 2022, as well as the forward-looking statements for the fourth quarter and full year 2022, are provided in the press release issued by Intel on October 27, 2022. This press release is attached as Exhibit 99.1 to the 8-K filing and is incorporated by reference.
Does this 8-K filing mean Intel's financial information is officially 'filed' with the SEC?
No, the information provided under Item 2.02 of this 8-K filing, including the press release, is furnished and shall not be treated as filed for purposes of the Securities Exchange Act of 1934. This means it does not carry the same legal implications as information that is formally filed.
04—Continue