Intel Corp (INTC) 10K Annual Reports & 10Q SEC Filings

▪Fourth-quarter revenue was $14.0 billion, down 32 percent year-over-year (YoY) and down 28 percent YoY on a non-GAAP basis. Full-year revenue was $63.1 billion, down 20 percent YoY and down 16 percent YoY on a non-GAAP basis.

▪Fourth-quarter earnings (loss) per share (EPS) was $(0.16); non-GAAP EPS was $0.10. Full-year EPS was $1.94; non-GAAP EPS was $1.84.

▪Forecasting first-quarter 2023 revenue of $10.5 billion to $11.5 billion; expecting first-quarter EPS of $(0.80) (non-GAAP EPS of $(0.15)).

▪Declares quarterly cash dividend of $0.365 per share.

SANTA CLARA, Calif., Jan. 26, 2023 -- Intel Corporation today reported fourth-quarter and full-year 2022 financial results. The company also announced that its board of directors has declared a quarterly dividend of $0.365 per share on the company’s common stock, which will be payable on March 1, 2023, to shareholders of record as of February 7, 2023.

“Despite the economic and market headwinds, we continued to make good progress on our strategic transformation in Q4, including advancing our product roadmap and improving our operational structure and processes to drive efficiencies while delivering at the low-end of our guided range,” said Pat Gelsinger, Intel CEO. “In 2023, we will continue to navigate the short-term challenges while striving to meet our long-term commitments, including delivering leadership products anchored on open and secure platforms, powered by at-scale manufacturing and supercharged by our incredible team.”

“In the fourth quarter, we took steps to right-size the organization and rationalize our investments, prioritizing the areas where we can deliver the highest value for the long term,” said David Zinsner, Intel CFO. “These actions underpin our cost-reduction targets of $3 billion in 2023, and set the stage to achieve $8 billion to $10 billion by the end of 2025.”

Q4 2022 Financial Results


	GAAP			Non-GAAP
	Q4 2022	Q4 2021	vs. Q4 2021	Q4 2022	Q4 2021	vs. Q4 2021
Revenue ($B)	$14.0	$20.5	down 32%	$14.0^	$19.5	down 28%
Gross margin	39.2%	53.6%	down 14.5 ppts	43.8%	55.8%	down 12.1 ppts
R&D and MG&A ($B)	$6.2	$6.0	up 3%	$5.5	$5.4	up 3%

Operating margin (loss)	(8.1)%	24.3%	down 32.4 ppts	4.3%	28.2%	down 23.9 ppts
Tax rate	17.0%	11.0%	up 6 ppts	45.7%	11.7%	up 34.1 ppts
Net income (loss) ($B)	$(0.7)	$4.6	down 114%	$0.4	$4.7	down 92%

Earnings (loss) per share	$(0.16)	$1.13	down 114%	$0.10	$1.15	down 92%

In the fourth quarter, the company generated $7.7 billion in cash from operations and paid dividends of $1.5 billion.

Note: 2021 non-GAAP results excludes the NAND memory business. Intel completed the first closing of the divestiture on December 29, 2021. Full reconciliations between GAAP and non-GAAP measures are provided below.

^ No adjustment on a non-GAAP basis.

The following information was filed by Intel Corp (INTC) on Thursday, January 26, 2023 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

Please wait while we load the requested 10-K report or click the link below:

https://last10k.com/sec-filings/report/50863/000005086323000006/intc-20221231.htm

View differences made from one year to another to evaluate Intel Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Intel Corp.

Continue

Assess how Intel Corp's management team is paid from their Annual Proxy

Intel Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2023 10-K Annual Report includes:

Voting Procedures
Board Members
Executive Team
Salaries, Bonuses, Perks
Peers / Competitors

Continue

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Intel Corp provided additional information to their SEC Filing as exhibits

Exhibit 10.5: Material Contract

Exhibit 21.1: Subsidaries Of The Registrant

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 99.1: Additional Exhibits

Ticker: INTC
CIK: 50863
Form Type: 10-K Annual Report
Accession Number: 0000050863-23-000006
Submitted to the SEC: Thu Jan 26 2023 6:31:20 PM EST
Accepted by the SEC: Fri Jan 27 2023
Period: Saturday, December 31, 2022
Industry: Semiconductors And Related Devices