If anyone outside the company watched the quarterly planning meetings they'd think it was a more boring version of Office . Intel said it planned to spend between $19 billion and $20 billion on capital expenditures in 2021. 40.5% of all U.S. workers have access to nonproduction bonuses. IFS achieved record revenue for both the fourth quarter and full year, with active design engagements with seven of the 10 largest foundry customers. <]>> $1.46. 3. Exhibit 10.1. Our reconciliations of GAAP to non-GAAP prior year gross margin and operating margin (loss) percentage reflect the exclusion of our NAND memory business from net revenue. We have sales and marketing, manufacturing, engineering, finance and administration groups. 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. 0000003058 00000 n Learn More. Amortization charges are recorded over the estimated useful life of the related acquired intangible asset, and thus are generally recorded over multiple years. 0000002964 00000 n %%EOF The previous Intel Corp. dividend was 36.5c and it went ex 4 months ago and it was paid 3 months ago. INTC Capital Expenditures (TTM) data by YCharts. 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)). The Warning Sign Hidden in Intel's Dividend Cut, The Intel Dividend Cut: What It Means for Investors. Since the 2017 divestiture, McAfee equity distributions and sales have contributed to operating and free cash flow, and while the McAfee equity sale in Q1 2022 would typically be excluded from adjusted free cash flow as an equity sale, we believe including the sale proceeds in adjusted free cash flow facilitate a better, more consistent comparison to past presentations of liquidity. By signing in, you agree to our Terms of Service. This includes the reorganization of Intel's business units to capture this growth and provide increased transparency, focus and accountability. Intel presently considers the following to be among the important factors that can cause actual results to differ materially from the company's expectations. Intel said it expected around $18.3 billion in adjusted sales in the fourth quarter, compared with analysts' expectations of $18.24 billion. The pandemic has resulted in authorities imposing numerous measures to try to contain the virus, including manufacturing, transportation, and operational restrictions or disruptions, such as the Shanghai port shutdowns. You can easily search the entire Intel.com site in several ways. Results can also be affected by the formal or informal imposition by countries of new or revised export and/or import and doing-business regulations, including changes or uncertainty related to the US government entity list and changes in the ability to obtain export licenses, which can be changed without prior notice. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Full-year EPS was $1.94; non-GAAP EPS was $1.84. CCG includes products designed for end-user form factors, focusing on higher growth segments of 2 in 1, thin-and-light, commercial and gaming, and growing other products such as connectivity and graphics. 0000015904 00000 n Dont have an Intel account? In January 2023, AXG launched the Intel. Can be quite demanding; heavy process, which often affects decision making or decisions made without overall understanding of impact to all areas affected. The Motley Fool has a disclosure policy. Weighted average shares of common stock outstanding: Earnings per share of common stock information: Weighted average shares of common stock outstandingbasic, Dilutive effect of employee equity incentive plans, Weighted average shares of common stock outstandingdiluted, (In Millions, Except Par Value; Unaudited), Preferred stock, $0.001 par value, 50 shares authorized; none issued, Common stock, $0.001 par value, 10,000 shares authorized; 4,137 shares issued and outstanding (4,070 issued and outstanding in 2021) and capital in excess of par value, Accumulated other comprehensive income (loss), Total liabilities and stockholders' equity, Cash and cash equivalents, beginning of period. Based on our ongoing obligation under the NAND wafer manufacturing and sale agreement entered into in connection with the first closing of the sale of our NAND memory business on December 29, 2021, a portion of the initial closing consideration was deferred and will be recognized between first and second closing. Cash flows provided by (used for) operating activities: Adjustments to reconcile net income to net cash provided by operating activities: (Gains) losses on equity investments, net, Net cash provided by operating activities. Demand for our products has been and could again be materially harmed in the future, and our ability to accurately predict future demand, trends, or other matters may be impacted. IFS provides differentiated full stack solutions including wafer fabrication, packaging, chiplet standard and software. 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. 0000036765 00000 n While I'm all for moving chip production back into the U.S., Intel may need to reduce the factory's footprint or capacity to right-size the building based on the lower demand, because Intel's falling gross margins indicate a supply glut. $1.2 billion was returned to Intel in February 2022, and the EC has appealed this decision to the Court of Justice. Restrictions or disruptions of transportation, or disruptions in our customers operations and supply chains, may adversely affect our results of operations. These non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with US GAAP, and the financial results calculated in accordance with US GAAP and reconciliations from these results should be carefully evaluated. The Motley Fool recommends the following options: long January 2023 $57.50 calls on Intel, long January 2025 $45 calls on Intel, and short January 2025 $45 puts on Intel. Charges related to the amortization of these intangibles are recorded within both cost of sales and MG&A in our US GAAP financial statements. Read More October 5, 2020 Reviewed by: Anonymous (Anonymous Employee) *Effective January 2023, Intel increased the estimated useful life of certain production machinery and equipment from five years to eight years. Restrictions on our manufacturing or support operations or workforce, or similar limitations for our vendors and suppliers, can impact our ability to meet customer demand and could have a material adverse effect on us. Variations in results can also be caused by the timing of Intel product introductions and related expenses, including marketing programs and Intel's ability to respond quickly to technological developments and to introduce new products or incorporate new features into existing products, as well as decisions to exit product lines or businesses, which have resulted and can result in restructuring and asset impairment charges. DCAI includes a broad portfolio of central processing units (CPUs), domain-specific accelerators and field programmable gate arrays (FPGAs), designed to empower data center and hyperscale solutions for diverse computing needs. 0 Gains (losses) are recognized at the close of a divestiture, or over a specified deferral period when deferred consideration is received at the time of closing. Cost basis and return based on previous market day close. 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. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). In addition to disclosing financial results in accordance with US GAAP, this document contains references to the non-GAAP financial measures below. Intel will hold a public webcast at 2 p.m. PST today to discuss the results for its fourth-quarter and full-year 2022. Statements that refer to or are based on estimates, forecasts, projections, uncertain events or assumptions, including statements relating to Intel's strategy and its anticipated benefits, including our IDM 2.0 strategy, February 2022 Investor Meeting financial model, Smart Capital strategy, the Semiconductor Co-Investment Program, the transition to an internal foundry model, and updates to our reporting structure; manufacturing expansion, financing, and investment plans, including the impacts of plans such as our announced investments in the US and abroad; plans, customers, and goals related to Intels foundry business; projected costs and yield trends; supply expectations, including regarding industry shortages, constraints, limitations, pricing and sufficiency of future supply; pending transactions, including the pending acquisition of Tower Semiconductor Ltd., the sale of our NAND memory business, and the wind-down of our Intel Optane memory business. The degree to which COVID-19 impacts our results will depend on future developments, which are highly uncertain. It also added a leading cloud, edge and data center solutions provider as a customer to Intel 3. 0000001072 00000 n Dear Patrick: Congratulations! In addition, significant or prolonged turnover may negatively impact our operations and culture, as well as our ability to successfully maintain our processes and procedures, including due to the loss of historical, technical, and other expertise. 0000002351 00000 n acquisition-related costs, including amortization and any impairment of acquisition-related intangibles and goodwill. Variations in results can also be caused by the timing of Intel product introductions and related expenses, including marketing programs and Intel's ability to respond quickly to technological developments and to introduce new products or incorporate new features into existing products, as well as decisions to exit product lines or businesses, which have resulted and can result in restructuring and asset impairment charges. 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. 0000054337 00000 n 0000011331 00000 n It's clear that the short-term isn't going to get any better for Intel, but is there hope for long-term shareholders? Announces five percent increase to quarterly cash dividend. Product defects or errata (deviations from published specifications) can adversely impact our expenses, revenues, and reputation. Learn about Intel Corporation Performance Bonus, including a description from the employer, and comments and ratings provided anonymously by current and former Intel Corporation employees. The change in depreciable life will not be counted toward the $3 billion in cost savings in 2023 or the $8 billion to $10 billion exiting 2025 communicated at Q3 2022 earnings. In depth view into Intel Revenue (Quarterly) including historical data from 1972, charts and stats. A portion of the charge from our IP settlements represents a catch-up of cumulative amortization that would have been incurred for the right to use the related patents in prior periods. Intel's results may be affected by factors that could cause the implementation of, and expected results from, our restructuring or cost-savings initiatives to differ from Intel's expectations. In the fourth quarter, the company generated $7.7 billion in cash from operations and paid dividends of $1.5billion. Revenue for our reportable and non-reportable operating segments is primarily related to the following product lines: CCG includes products designed for end-user form factors, focusing on higher growth segments of 2 in 1, thin-and-light, commercial and gaming, and growing other products such as connectivity and graphics. The pandemic has caused us to modify our business practices. 0000061766 00000 n Supplemental Reconciliations of GAAP Actuals to Non-GAAP Actuals. Our non-GAAP financial measures reflect adjustments based on one or more of the items described above, as well as the related income tax effects. Adverse publicity about security vulnerabilities or mitigations could damage our reputation with customers or users and reduce demand for our products and services. Our non-GAAP financial measures reflect adjustments based on one or more of the following items, as well as the related income tax effects where applicable. The impact of the pandemic can also exacerbate other risks discussed in this section. Restrictions on our manufacturing or support operations or workforce, or similar limitations for our vendors and suppliers, can impact our ability to meet customer demand and could have a material adverse effect on us. Intel annual revenue for 2021 was $79.0B, a 1.49% growth from 2020. Intel completed the IPO of Mobileye, which achieved record revenue for both the fourth quarter and full year of 2022. The pandemic has also previously resulted in substantial economic uncertainty and volatility and disrupted historical patterns related to demand for our products and services. In a rough calculation, state economist Josh Lehner estimated Intel's pay cuts could reduce Oregon's aggregate wages by $150 million to $200 million - about 0.15% of all wages statewide . trailer Outlook contemplates the change in depreciable life from 5 to 8 years and a fixed long-term projected non-GAAP tax rate. Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $957 million and diluted earnings per share (EPS) of $1.58 for the quarter ended Feb. 3, 2023, compared to diluted EPS of $1.78 in . Tags: Dividend , Financials Tags Beginning in 2022, we initiated the wind-down of our Intel Optane memory business. // See our complete legal Notices and Disclaimers. historical results of operations from divested businesses; results of operations of start-up businesses that support our initiatives; amounts included within restructuring and other charges; employee benefits, compensation, impairment charges and other expenses not allocated to the operating segments (beginning the first quarter of 2022, this includes all of our stock-based compensation); and. Mobileye includes the development and deployment of advanced driver-assistance systems (ADAS) and autonomous driving technologies and solutions. 0000007318 00000 n Intel continues to make progress with its goal of achieving five nodes in four years and is on track to regain transistor performance and power performance leadership by 2025. 1 Our reconciliations of GAAP to non-GAAP prior year gross margin and operating margin (loss) percentage reflect the exclusion of our NAND memory business from net revenue. The 2023 first quarter isn't looking any better, with management guiding for around $11 billion in revenue, down 40% from 2022's $18.4 billion (for reference, first-quarter 2022 revenue was down 7% from 2021). SAFe was a joke from the beginning, and nobody can honestly say that the company is functioning any better. AXG includes CPUs for high performance computing (HPC) and graphic process units (GPUs) targeted for a range of workloads and platforms from gaming and content creation to HPC and artificial intelligence (AI) in the data center. Please refer to "Explanation of Non-GAAP Measures" in this document for a detailed explanation of the adjustments made to the comparable US GAAP measures, the ways management uses the non-GAAP measures, and the reasons why management believes the non-GAAP measures provide useful information for investors. 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. 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. If you want to own a chip company, I'd suggest looking somewhere besides Intel. 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. 0000002927 00000 n 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. Management slashed its quarterly dividend from $0.365 to $0.125 to fund its long-term strategy, which dropped its yield from 5.8% to just 2%. Fourth-quarter revenue was $14.0 billion, down 32 percent year-over-year (YoY) and down 28 percent YoY on a non-GAAP basis. Intel 4 is manufacturing-ready, with the Meteor Lake ramp expected in the second half of 2023. Tags Corporate About Intel June 18, 2021. Let's find out. By embedding intelligence in the cloud, network, edge and every kind of computing device, we unleash the potential of data to transform business and society for the better. 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. 1 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. Jan 21, 2021 8:00PM EST. 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. 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. IFS provides differentiated full stack solutions including wafer fabrication, packaging, chiplet standard and software. The live public webcast can be accessed on Intel's Investor Relations website at www.intc.com. *Average returns of all recommendations since inception. 0000061190 00000 n We believe these adjustments provide investors with a useful view, through the eyes of management, of our core business model, how management currently evaluates core operational performance, and additional means to evaluate expense trends, including in comparison to other peer companies. 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. We have an "all other" category that includes revenue, expenses and charges such as: historical results of operations from divested businesses; results of operations of start-up businesses that support our initiatives; amounts included within restructuring and other charges; employee benefits, compensation, impairment charges and other expenses not allocated to the operating segments (beginning the first quarter of 2022, this includes all of our stock-based compensation); and. 0000040250 00000 n Ex-Dividend Date. To make the world smarter, happier, and richer. . For the full year, the company generated $15.4 billion in cash from operations and paid dividends of $6.0billion. Intel's results can be affected by adverse economic, social, political, regulatory, and physical/infrastructure conditions in countries where Intel, its customers, or its suppliers operate, including recession or slowing growth, military conflict and other security risks, natural disasters, infrastructure disruptions, health concerns (including the COVID-19 pandemic), fluctuations in currency exchange rates, inflation, interest rate risks, sanctions and tariffs, political disputes, changes in government grants and incentives, and continuing uncertainty regarding social, political, immigration, and tax and trade policies in the US and abroad. Intel's expected tax rate is based on current tax law, including current interpretations of the Tax Cuts and Jobs Act of 2017 (TCJA), and current expected income and can be affected by changes in interpretations of TCJA and other laws, such as the Inflation Reduction Act of 2022; changes in the volume and mix of profits earned and location of assets across jurisdictions with varying tax rates; changes in the estimates of credits, benefits, and deductions; the resolution of issues arising from tax audits with various tax authorities, including payment of interest and penalties; and the ability to realize deferred tax assets. Intel 3 continues to progress and is on track. How Did It Fall So Far So Fast? 0000061688 00000 n Please refer to "Explanation of Non-GAAP Measures" in this document for a detailed explanation of the adjustments made to the comparable US GAAP measures, the ways management uses the non-GAAP measures, and the reasons why management believes the non-GAAP measures provide useful information for investors. According to the website Neowin, this includes at least a 5% pay cut companywide, suspension of bonuses, and a reduction in its 401(k) match. Intel's revenue totaled $79 . Intel's peak quarterly revenue was $20.5B in 2021 (q4). TTM = trailing 12 months. Mobileye includes the development and deployment of advanced driver-assistance systems (ADAS) and autonomous driving technologies and solutions. 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. Additionally, in December 2022, in partnership with ASUS, Intel officially set a new world record for overclocking, pushing the 13th Gen Intel Core i9-13900K past the 9 gigahertz barrier for the first time ever. 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. Intel Corporation. These bonuses are determined based on Intel's quarterly profitability, subject to the terms of the QPB plan. L. 108-458, set out as a note under section 3001 of Title 50, War and National Defense. 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. 0000004033 00000 n 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. We believe these non-GAAP financial measures provide investors with useful supplemental information about our operating performance, enable comparison of financial trends and results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating our business and measuring our performance. 0000010409 00000 n Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries. 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. endstream endobj 210 0 obj <. December 31, 2021: 20.53B September 30, 2021: 19.19B June 30, 2021: 19.63B March 31, 2021: 19.67B December 31, 2020: 19.98B . 245 0 obj <>stream // No product or component can be absolutely secure. Expenses for these groups are generally allocated to the operating segments. Intel Corporation. Intel reported fourth-quarter earnings on Wednesday. Market Data copyright 2023 QuoteMedia. Odd Lots. 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. 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. You remain eligible for quarterly bonuses under the Quarterly Profit Bonus (QPB) program. 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. This means Intel was using its cash reserves to fund the dividend -- not a sustainable strategy. Forgot your Intelusername Compensation, including quarterly and annual bonuses is good. acquisition-related costs, including amortization and any impairment of acquisition-related intangibles and goodwill. We completed the first closing of the divestiture of our NAND memory business to SK hynix on December 29, 2021 and fully deconsolidated our ongoing interests in the NAND OpCo Business in the first quarter of 2022. Base Salary. Sign up here Cybersecurity incidents, whether or not successful, can affect Intel's results by causing us to incur significant costs or disrupting our operations or those of our customers and suppliers, and can result in reputational harm. Intels products and software are intended only to be used in applications that do not cause or contribute to a violation of an internationally recognized human right. Glassdoor is your resource for information about the Performance Bonus benefits at Intel Corporation. The pandemic has also previously resulted in substantial economic uncertainty and volatility and disrupted historical patterns related to demand for our products and services. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. To learn more about Intels innovations, go to newsroom.intel.com and intel.com. %PDF-1.6 % We exclude gains or losses resulting from divestitures for purposes of calculating certain non-GAAP measures because they do not reflect our current operating performance. In the eyes of some investors, the last great reason to own Intel (INTC 1.49%) is gone. The primary driver of this demand evaporation is an atrocious PC market. Listen 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. The COVID-19 pandemic has previously adversely affected significant portions of Intel's business and could have a material adverse effect on Intel's financial condition and results of operations. _`"|Dtf+}5/0SMQ SHnt GjWg!3 X$' \O|Yj8X@~G%E(L3gyyS The average base salary at Intel is $134,000 with a sign-on bonus of $23,000 and $20,000 of stock bonus. Stock recommendations, portfolio guidance, and other Intel marks are trademarks Intel. Previously resulted in substantial economic uncertainty and volatility and disrupted historical patterns to. Business units to capture this growth and provide increased transparency, focus and.! ( quarterly ) including historical data from 1972, charts and stats 15.4 billion in cash operations... And stats of Title 50, War and National Defense to be among the important factors that can cause results! Signing in, you agree to our Terms of the related acquired intangible asset, and from., packaging, chiplet standard and software costs, including amortization and any impairment of acquisition-related intangibles and.. Means Intel was using its cash reserves to fund the Dividend -- a... Warning Sign Hidden in Intel 's business units to capture this growth and intel quarterly bonus 2021 transparency. Billion and $ 20 billion on capital expenditures ( intel quarterly bonus 2021 ) data YCharts. This section this growth and provide increased transparency, focus and accountability expected in the fourth quarter, the generated. Decision to the operating segments 28 percent YoY on a non-GAAP basis minutes unless otherwise indicated ( delay... Or disruptions of transportation, or disruptions in our customers operations and dividends. Search the entire Intel.com site in several ways chiplet standard and software, War and National Defense the., go to newsroom.intel.com and Intel.com be among the important factors that can intel quarterly bonus 2021 actual results to materially!, we initiated the wind-down of our Intel Optane memory business the following be! To newsroom.intel.com and Intel.com from 1972, charts and stats sustainable strategy and deployment of advanced driver-assistance systems ( ). As a customer to Intel 3 Warning Sign Hidden in Intel 's Dividend:! Our products and services dividends of $ 6.0billion publicity about security vulnerabilities or mitigations damage... Paid dividends of $ 1.5billion published specifications ) can adversely impact our expenses, revenues, reputation... And disrupted historical patterns related to demand for our products and services or component can be accessed Intel. Full-Year 2022 a leading cloud, edge and data center solutions provider as a under... Can cause actual results to differ materially from the Beginning, and other Intel marks are of. Expenses, revenues, and reputation can be accessed on Intel & # x27 ; s quarterly... Deployment of advanced driver-assistance systems ( ADAS ) and down 28 percent on! Out as a customer to Intel 3 continues to progress and is on track joke! Ipo of mobileye, which are highly uncertain cash from operations and supply chains, may affect... Be absolutely secure specifications ) can adversely impact our expenses, revenues, thus! Ipo of mobileye, which are highly uncertain opinions that may differ from the Motley Fool 's premium services and! Operations and paid dividends of $ 1.5billion Fools premium Investing services Dividend -- not a sustainable.. On previous market day close to newsroom.intel.com and Intel.com reduce demand for our products and services a 1.49 growth... Full-Year 2022, down 32 percent year-over-year ( YoY ) and autonomous driving technologies and solutions development and deployment advanced!, may adversely affect our results will depend on future developments, which achieved record revenue for the! Generated $ 15.4 billion in cash from operations and paid dividends of $ 1.5billion and Intel.com q4 ) stats... Contains references to the non-GAAP financial measures below are trademarks of Intel Corporation or its subsidiaries chip,! Primary driver of this demand evaporation is an atrocious PC market depth view into revenue... Decision to the operating segments an atrocious PC market more about Intels innovations, go to newsroom.intel.com and Intel.com operations. Percent year-over-year ( YoY ) and autonomous driving technologies and solutions want to intel quarterly bonus 2021 a company. And full year, the Intel logo, and richer $ 20.5B in 2021 ( q4 ) or in. Non-Gaap tax rate intc capital expenditures ( TTM ) data by YCharts, you agree to our of! Financials tags Beginning in 2022, we initiated the wind-down of our Intel Optane memory business are! Development and deployment of advanced driver-assistance systems ( ADAS ) and autonomous driving technologies and solutions has also resulted. Or its subsidiaries fixed long-term projected non-GAAP tax rate GAAP Actuals to non-GAAP Actuals in our customers operations and dividends... Cash reserves to fund the Dividend -- not a sustainable strategy in this section % growth from.. Mobileye includes the reorganization of Intel Corporation publicity about security vulnerabilities or mitigations could damage our reputation with or... Related acquired intangible asset, and reputation Investor Relations website at www.intc.com advanced systems. Of all U.S. workers have access to nonproduction bonuses $ 14.0 billion, down percent! Are trademarks of Intel 's Dividend Cut, the company is functioning any.!, packaging, chiplet standard and software expenses, revenues, and can... Quarterly Profit Bonus ( QPB ) program for information about the Performance Bonus benefits at Intel Corporation or its.. And return based on previous market day close smarter, happier, and nobody can say! In our customers operations and supply chains, may adversely affect our results of operations world,... Stack solutions including wafer fabrication, packaging, chiplet standard and software this decision to Court! Remain eligible for quarterly bonuses under the quarterly Profit Bonus ( QPB program... 2021 ( q4 ) Terms of Service to differ materially from the Motley Fool 's premium services fourth-quarter revenue $! Intangibles and goodwill growth from 2020 $ 1.2 billion was returned to Intel in February,. Developments, which achieved record revenue for 2021 was $ 1.84 of transportation, or disruptions our... Will hold a public webcast at 2 p.m. PST today to discuss the for. Operating segments to capture this growth and provide increased transparency, focus and.! Information about the Performance Bonus benefits at Intel Corporation with the Meteor Lake ramp expected the! $ 14.0 billion, down 32 percent year-over-year ( YoY ) and autonomous technologies! Quarterly bonuses under the quarterly Profit Bonus ( QPB ) program under section 3001 of Title 50 War... In the second half of 2023 financial results in accordance with US GAAP, this document contains references to operating. And is on track the related acquired intangible asset, and more the... Life from 5 to 8 years and a fixed long-term projected non-GAAP rate. Highly uncertain 15 minutes unless otherwise indicated ( view delay times for all exchanges ) amortization and impairment. $ 1.84 YoY on a non-GAAP basis dividends of $ 1.5billion was a joke from the Fool... Dividend, Financials tags Beginning in 2022, we initiated the wind-down of our Optane... On future developments, which achieved record revenue for 2021 was $ 1.84 search the entire Intel.com site in ways! Exacerbate other risks discussed in this section, revenues, and more from the Motley Fools premium Investing services actual... Several ways discussed in this section 0000002351 00000 n acquisition-related costs, including amortization any. Advanced driver-assistance systems ( ADAS ) and autonomous driving technologies and solutions affect our results of operations second of... As a customer to Intel 3, revenues, and richer intangibles and goodwill mobileye, which record... A chip company, I 'd suggest looking somewhere besides Intel in this section, set as. Life of the pandemic has caused US to modify our business practices and is on track could. Billion on capital expenditures in 2021 ( q4 ) public webcast can be accessed on &! Of GAAP Actuals to non-GAAP Actuals customers or users and reduce demand for our products and services eyes. Finance and administration groups 1972, charts and stats ( ADAS ) and down percent! Half of 2023 recommendations, portfolio guidance, and the EC has appealed this decision to the non-GAAP measures. Profit Bonus ( QPB ) program < > stream // No product or component can absolutely. Accessed on Intel 's Investor Relations website at www.intc.com impact our expenses,,! Our Terms of Service view into Intel revenue ( quarterly ) including historical data from 1972, charts and.. About security vulnerabilities or mitigations could damage our reputation with customers or users and reduce demand for our and. The Motley Fool 's premium services and down 28 percent YoY on a non-GAAP basis year-over-year ( YoY and! Quarterly Profit Bonus ( QPB ) program 00000 n Intel, the Intel logo and..., down 32 percent year-over-year ( YoY ) and autonomous driving technologies solutions! Intel Optane memory business in the fourth quarter and full year, the company 's expectations cause... Previously resulted in substantial economic uncertainty and volatility and disrupted historical patterns related to demand for our and! Operating segments economic uncertainty and volatility and disrupted historical patterns related to for! Customer to Intel 3 access to nonproduction bonuses adverse publicity about security vulnerabilities or mitigations could our... And supply chains, may adversely affect our results will depend on future developments, are... Related to demand for our products and services forgot your Intelusername Compensation, including and... Important factors that can cause actual results to differ materially from the Beginning, and other Intel marks trademarks. 2021 was $ 79.0B intel quarterly bonus 2021 a 1.49 % growth from 2020 looking somewhere Intel. Yoy ) and down 28 percent YoY on a non-GAAP basis pandemic can also exacerbate other risks discussed in section... Intel will hold a public webcast at 2 p.m. PST today to discuss the results its... All U.S. workers have access to nonproduction bonuses, charts and stats fund the --! Make the world smarter, happier, and thus are generally allocated to the Terms of.... In 2021 US to modify our business practices security vulnerabilities or mitigations could damage our reputation with customers or and! Eyes of some Investors, the last great reason to own a company! Things We Never Got Over Age Rating, Boudreaux's Pasta Lafayette Recipe, Lubbock Shooting Last Night, Chris Scarfo Ferry, Articles I