<]>> Intels Q1 2023 outlook includes an estimated $350 million to $500 million benefit to operating margin or $0.07 to $0.10 benefit to EPS from this change, split approximately 75% to cost of sales and 25% to operating expenses. Intel annual revenue for 2021 was $79.0B, a 1.49% growth from 2020. Most Recent Quarter Revenue. News Summary. Dear Sandra: Congratulations! Actual results may differ materially from Intels Business Outlook as a result of, among other things, the factors described under Forward-Looking Statements below. Making the world smarter, happier, and richer. Declares quarterly cash dividend of $0.365 per share. . The previous Intel Corp. dividend was 36.5c and it went ex 4 months ago and it was paid 3 months ago. The following table presents intersegment revenue before eliminations: Less: Accelerated Computing Systems and Graphics intersegment revenue. All forward-looking statements included in this release are based on management's expectations as of the date of this release and, except as required by law, Intel disclaims any obligation to update these forward-looking statements to reflect future events or circumstances. To make the world smarter, happier, and richer. 0000011331 00000 n Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). The impact of the pandemic can also exacerbate other risks discussed in this section. Intel's guidance for the first quarter of 2023 includes both GAAP and non-GAAP estimates. 0000061688 00000 n 245 0 obj <>stream Another interesting layer to the dividend story is that less than a month ago, chief financial officer Dave Zinsner was asked about the security of the dividend on the company's quarterly earnings call. The Motley Fool has positions in and recommends Intel. In the fourth quarter of 2022, CCGs 13th Gen Intel Core desktop processor family became available, starting with desktop K processors and the Intel Z790 chipset. You can also try the quick links below to see results for most popular searches. 0000001911 00000 n We exclude the impact of our NAND memory business in certain non-GAAP measures. INTC gross profit margin data by YCharts. You can easily search the entire Intel.com site in several ways. expected completion and impacts of restructuring activities and cost-saving or efficiency initiatives; total addressable market (TAM) and market opportunity; business plans and financial expectations; future macroeconomic and geopolitical conditions, including regional or global downturns or recessions; future legislation, including any expectations regarding anticipated financial and other benefits or incentives thereunder; tax- and accounting-related expectations; future responses to and effects of the COVID-19 pandemic, including manufacturing, transportation, and operational restrictions or disruptions; future products, technology, and services, and the expected regulation, availability, production, and benefits of such products, technology, and services, including product ramps, manufacturing goals, plans, timelines, and future progress, future process nodes and technologies including Intel 20A, RibbonFET, and PowerVia, process performance parity and leadership expectations, future product architectures, Alder Lake, Lunar Lake, Meteor Lake, Raptor Lake, Sapphire Rapids, Emerald Rapids, Granite Rapids, Sierra Forest, Mt. Beginning in 2022, we initiated the wind-down of our Intel Optane memory business. Restructuring charges are costs associated with a formal restructuring plan and are primarily related to employee severance and benefit arrangements. 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. 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)). Non-GAAP earnings (loss) per sharediluted. The degree to which COVID-19 impacts our results will depend on future developments, which are highly uncertain. Intel reported fourth-quarter earnings on Wednesday. Evans, and future GPU and IPU products; future business, social, and environmental performance, goals, measures, and strategies; availability, uses, sufficiency, and cost of capital resources and sources of funding, including future capital and R&D investments, credit rating expectations, and expected returns to stockholders such as stock repurchases and dividends; our debt obligations; stock volatility; expectations regarding customers, including with respect to designs, wins, orders, and partnerships; projections regarding competitors; and anticipated trends in our businesses or the markets relevant to them, including with respect to future demand and industry growth, also identify forward-looking statements. The pandemic has caused us to modify our business practices. Supplemental Reconciliations of GAAP Actuals to Non-GAAP Actuals. 1 For the three months and year ended December31, 2022, the impact of non-controlling interest to our non-GAAP adjustments is insignificant and thus is not included in our reconciliation of non-GAAP measures. SANTA CLARA, Calif., March 11, 2021 Intel Corporation today announced that its board of directors has declared a quarterly dividend of $0.3475 per share ($1.39 per share on an annual basis) on the companys common stock. 0000018698 00000 n 0000061190 00000 n Another concern is its falling trailing-12-month gross margin: It now sits at a 30-year low for the company. Intel offers two bonuses: Annual Performance Bonus (APB) based on employee target and company operational and financial performance, and Quarterly Profit Bonus (QPB) which uses 5% of Intel's net income to create a fund for eligible employees. _`"|Dtf+}5/0SMQ SHnt GjWg!3 X$' \O|Yj8X@~G%E(L3gyyS The projected non-GAAP tax rate also considers factors such as our expected tax structure, our tax positions in various jurisdictions, and key legislation in significant jurisdictions where we operate. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Intel presently considers the following to be among the important factors that can cause actual results to differ materially from the company's expectations. Second, many consumers recently upgraded their PCs within the past few years, during the pandemic. Intel operates in highly competitive industries and its operations have high costs that are either fixed or difficult to reduce in the short term. In making these adjustments, we have not made any changes to our methods for measuring and calculating revenue or other financial statement amounts. Your eligibility is effective with the first pay period of the month that coincides with your hire date. Inspired by Moores Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers greatest challenges. Intel 4 is manufacturing-ready, with the Meteor Lake ramp expected in the second half of 2023. The impact of non-controlling interest to our non-GAAP adjustments in Q1 2023 is expected to be insignificant and thus is not included in our reconciliation of non-GAAP measures. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Published. These measures have impacted and may further impact our workforce and operations, the operations of our customers, and those of our respective vendors, suppliers, and partners. As described in our explanation of non-GAAP measures above, and consistent with the use of our other non-GAAP adjustments, beginning in 2023 management uses this non-GAAP tax rate in managing internal short- and long-term operating plans and in evaluating our performance. Add an Insight Submit Thanks for your submission! Mobileye continued to execute well in its core advanced driver-assistance systems (ADAS) business, as it launched systems into 233 distinct vehicle models in 2022. 209 37 Intel Will Still Pay Roughly $2 Billion in Dividends Annually -- Should It Just Eliminate It? 0000020006 00000 n These adjustments facilitate a useful evaluation of our core operating performance and comparisons to past operating results and provide investors with additional means to evaluate expense trends. These bonuses are determined based on Intel's quarterly profitability, subject to the terms of the QPB program. 3. %PDF-1.6 % There is no certainty that such measures will be sufficient to mitigate the risks posed by the virus, and illness and workforce disruptions could lead to unavailability of our key personnel and harm our ability to perform critical functions. Adjusted free cash flow is operating cash flow adjusted for 1) additions to property, plant and equipment, net of proceeds from capital grants and partner contributions, 2) payments on finance leases, and 3) proceeds from the McAfee equity sale. Intel 7 is now in high-volume manufacturing for both client and server. If you want to own a chip company, I'd suggest looking somewhere besides Intel. 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)). As of the Effective Date, your annual base salary will be $750,000 less applicable taxes, deductions, and withholdings. Detailed information regarding these and other factors that could affect Intel's business and results is included in Intel's SEC filings, including the company's most recent reports on Forms 10-K and 10-Q, particularly the "Risk Factors" sections of those reports. Cash flows provided by (used for) investing activities: Additions to property, plant and equipment, Additions to held for sale NAND property, plant and equipment, Maturities and sales of short-term investments. We may not realize the expected benefits of portfolio decisions due to numerous risks, including unfavorable prices and terms; changes in market conditions; changes in applicable laws; limitations due to regulatory or governmental approvals, contractual terms, or other conditions; and potential continued financial obligations associated with such transactions. The expected cost savings resulting from these initiatives may not be realized and are subject to risks related to the timing and amount of related charges, local labor law requirements, and assumptions related to severance, post-retirement, and other costs. Are They Buys Now? Starting with quarterly results, for the fourth quarter of 2021, Intel reported $20.5B in revenue, which is a small jump of 3% over the year-ago quarter. 0000054097 00000 n SANTA CLARA, Calif., March 11, 2021 - Intel Corporation today announced that its board of directors has declared a quarterly dividend of $0.3475 per share ($1.39 per share on an annual basis) on the company's common stock. Intel's peak quarterly revenue was $20.5B in 2021 (q4). Intel said it planned to spend between $19 billion and $20 billion on capital expenditures in 2021. Compensation, including quarterly and annual bonuses is good. We exclude the impacts of this 2022 change in US tax treatment of R&D costs for purposes of calculating certain non-GAAP measures as we believe these adjustments facilitate a better evaluation of our current operating performance and comparison to past operating results. Intel 3 continues to progress and is on track. The impact of the pandemic can also exacerbate other risks discussed in this section. Argentina. Intel plans to report its earnings for the fourth quarter of 2021 on January 26, 2022 promptly after close of market; related materials will be available at www.intc.com. Let's find out. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 2.1. . On Intel 20A and Intel 18A, Intels first internal test chips, and those of a major potential foundry customer, have taped out with products undergoing fabrication. 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.. It aims to save $3 billion in operating expenses by 2023 and $8 billion to $10 billion annually by 2025. Product defects or errata (deviations from published specifications) can adversely impact our expenses, revenues, and reputation. 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