Summary
Intel Corporation (INTC) has filed an 8-K report on August 1, 2024, primarily announcing its second-quarter 2024 financial results and providing forward-looking statements for the third quarter of 2024. The report indicates that the detailed financial results and outlook are provided in a press release, attached as Exhibit 99.1. Investors should note that this press release includes non-GAAP financial measures, which the company uses for internal performance assessment and investor communication. Intel emphasizes that these non-GAAP measures should be considered alongside, and not as a replacement for, GAAP financial measures, and encourages a thorough review of the provided reconciliations.
Key Highlights
- 1Intel announced its Q2 2024 financial results and Q3 2024 outlook via press release on August 1, 2024.
- 2The 8-K filing incorporates by reference the press release detailing Q2 financial performance and future guidance.
- 3Non-GAAP financial measures are included in the press release, used by management for operational insights and investor communication.
- 4The company provides reconciliations between non-GAAP and GAAP financial measures.
- 5Investors are advised to evaluate both GAAP and non-GAAP measures carefully, considering non-GAAP as supplementary to GAAP.
- 6The information furnished is part of Item 2.02 and Exhibit 99.1 of the 8-K filing.
- 7The filing includes the Cover Page Interactive Data File in Inline XBRL format (Exhibit 101).
Frequently Asked Questions
The main purpose of this 8-K filing is to announce and provide access to Intel's financial results for the second quarter of 2024 and its financial outlook for the third quarter of 2024, as detailed in an accompanying press release.
The detailed financial results and outlook are contained within the press release titled 'Intel Reports Second-Quarter 2024 Financial Results,' dated August 1, 2024, which is attached to the 8-K filing as Exhibit 99.1.
Non-GAAP financial measures are financial metrics that exclude certain items from GAAP-based financial measures. Intel uses these measures to provide additional insights into its operations. Investors should review them cautiously, as Intel itself states they are not a substitute for GAAP measures and should be evaluated alongside the company's GAAP results and reconciliations.
The information in Item 2.02 of this report and the accompanying press release are furnished, meaning they are provided to the SEC but are not considered 'filed' for the purposes of the Securities Exchange Act of 1934, as amended.