Exhibit 99.1

Intel Corporation
2200 Mission College Blvd.
Santa Clara, CA 95054-1549
earningsintellogobwa09.jpg News Release


Intel Reports First-Quarter 2019 Financial Results


News Summary:

First-quarter revenue was $16.1 billion, flat year-over-year (YoY); data-centric revenue declined 5 percent and PC-centric revenue grew 4 percent.
First-quarter GAAP earnings-per-share (EPS) of $0.87 declined 6 percent YoY; non-GAAP EPS of $0.89 was up 2 percent.
Expecting second-quarter revenue of $15.6 billion; second-quarter GAAP EPS of $0.83 and non-GAAP EPS of $0.89.
Expecting full-year revenue of $69.0 billion, full-year GAAP EPS of $4.14 and non-GAAP EPS of $4.35; down from January guidance.


SANTA CLARA, Calif., April 25, 2019 -- Intel Corporation today reported first-quarter 2019 financial results.

"Results for the first quarter were slightly higher than our January expectations. We shipped a strong mix of high-performance products and continued spending discipline while ramping 10nm and managing a challenging NAND pricing environment. Looking ahead, we're taking a more cautious view of the year, although we expect market conditions to improve in the second half," said Bob Swan, Intel CEO. "Our team is focused on expanding our market opportunity, accelerating our innovation and improving execution while evolving our culture. We aim to capitalize on key technology inflections that set us up to play a larger role in our customers’ success, while improving returns for our owners."

 
Q1 2019 Financial Highlights
 
GAAP
 
Non-GAAP
 
Q1 2019
Q1 2018
vs. Q1 2018
 
Q1 2019
Q1 2018
vs. Q1 2018
Revenue ($B)
$16.1
$16.1
flat
 
$16.1^
$16.1^
flat
Gross Margin
56.6%
60.6%
down 4 pts
 
58.3%
62.3%
down 4 pts
R&D and MG&A ($B)
$4.9
$5.2
down 7%
 
$4.9^
$5.2^
down 7%
Operating Income ($B)
$4.2
$4.5
down 7%
 
$4.5
$4.8
down 6%
Tax Rate
12.6%
11.1%
up 1.5 pts
 
12.5%
11.7%
up 0.7 pt
Net Income ($B)
$4.0
$4.5
down 11%
 
$4.0
$4.2
down 3%
Earnings Per Share
$0.87
$0.93
down 6%
 
$0.89
$0.87
up 2%

In the first quarter, the company generated approximately $5.0 billion in cash from operations, paid dividends of $1.4 billion and used $2.5 billion to repurchase 49 million shares of stock.

* Data-centric businesses include DCG, IOTG, Mobileye, NSG, PSG and All Other
^ No adjustment on a non-GAAP basis




The following information was filed by Intel Corp (INTC) on Thursday, April 25, 2019 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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