|
|
|
Three Months Ended |
||
|
(In Millions, Except Per Share Amounts) |
|
Apr 1, 2023 |
|
Apr 2, 2022 |
|
GAAP gross margin |
|
$ 4,008 |
|
$ 9,244 |
|
Acquisition-related adjustments |
|
328 |
|
353 |
|
Share-based compensation |
|
158 |
|
148 |
|
Non-GAAP gross margin |
|
$ 4,494 |
|
$ 9,745 |
|
GAAP gross margin percentage |
|
34.2 % |
|
50.4 % |
|
Acquisition-related adjustments |
|
2.8 % |
|
1.9 % |
|
Share-based compensation |
|
1.4 % |
|
0.8 % |
|
Non-GAAP gross margin percentage |
|
38.4 % |
|
53.1 % |
|
GAAP R&D and MG&A |
|
$ 5,412 |
|
$ 6,114 |
|
Acquisition-related adjustments |
|
(43) |
|
(51) |
|
Share-based compensation |
|
(581) |
|
(559) |
|
Non-GAAP R&D and MG&A |
|
$ 4,788 |
|
$ 5,504 |
|
GAAP operating income (loss) |
|
$ (1,468) |
|
$ 4,341 |
|
Acquisition-related adjustments |
|
371 |
|
404 |
|
Share-based compensation |
|
739 |
|
707 |
|
Restructuring and other charges |
|
64 |
|
(1,211) |
|
Non-GAAP operating income (loss) |
|
$ (294) |
|
$ 4,241 |
|
GAAP operating margin (loss) |
|
(12.5) % |
|
23.7 % |
|
Acquisition-related adjustments |
|
3.2 % |
|
2.2 % |
|
Share-based compensation |
|
6.3 % |
|
3.9 % |
|
Restructuring and other charges |
|
0.5 % |
|
(6.6) % |
|
Non-GAAP operating margin (loss) |
|
(2.5) % |
|
23.1 % |
|
GAAP tax rate |
|
(139.0) % |
|
16.0 % |
|
Income tax effects |
|
152.0 % |
|
(3.0) % |
|
Non-GAAP tax rate |
|
13.0 % |
|
13.0 % |
|
GAAP net income (loss) attributable to Intel |
|
$ (2,758) |
|
$ 8,113 |
|
Acquisition-related adjustments |
|
371 |
|
404 |
|
Share-based compensation |
|
739 |
|
707 |
|
Restructuring and other charges |
|
64 |
|
(1,211) |
|
(Gains) losses on equity investments, net |
|
(169) |
|
(4,323) |
|
(Gains) losses from divestiture |
|
(39) |
|
(1,121) |
|
Total adjustments attributable to non-controlling interest |
|
(12) |
|
— |
|
Income tax effects |
|
1,635 |
|
1,013 |
|
Non-GAAP net income (loss) attributable to Intel |
|
$ (169) |
|
$ 3,582 |
|
|
||||
|
GAAP earnings (loss) per share attributable to Intel—diluted |
|
$ (0.66) |
|
$ 1.98 |
|
Acquisition-related adjustments |
|
0.09 |
|
0.10 |
|
Share-based compensation |
|
0.18 |
|
0.17 |
|
Restructuring and other charges |
|
0.01 |
|
(0.30) |
|
(Gains) losses on equity investments, net |
|
(0.04) |
|
(1.05) |
|
(Gains) losses from divestiture |
|
(0.01) |
|
(0.27) |
|
Total adjustments attributable to non-controlling interest |
|
— |
|
— |
|
Income tax effects |
|
0.39 |
|
0.24 |
|
Non-GAAP earnings (loss) per share attributable to Intel—diluted |
|
$ (0.04) |
|
$ 0.87 |
|
Intel Reports First-Quarter 2023 Financial Results
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