|
|
Q1 2023 Outlook |
||
|
|
Approximately |
||
GAAP gross margin |
|
34.1 |
% |
|
Acquisition-related adjustments |
|
3.3 |
% |
|
Share-based compensation |
|
1.6 |
% |
|
Non-GAAP gross margin |
|
39.0 |
% |
|
GAAP tax rate |
|
(84) |
% |
|
Income tax effects |
|
97 |
% |
|
Non-GAAP tax rate |
|
13 |
% |
|
|
|
|
||
GAAP earnings (loss) per share—diluted1 |
|
$ |
(0.80) |
|
Acquisition-related adjustments |
|
0.11 |
|
|
Share-based compensation |
|
0.20 |
|
|
Restructuring and other charges |
|
(0.03) |
|
|
(Gains) losses on equity investments, net |
|
(0.01) |
|
|
(Gains) losses from divestiture |
|
(0.01) |
|
|
Income tax effects |
|
0.39 |
|
|
Non-GAAP earnings (loss) per share—diluted |
|
$ |
(0.15) |
|
For more information on these adjustments, please see our disclosure in the “Explanation of Non-GAAP Measures” section of our most recent earnings release on INTC.com or as furnished with the SEC on Jan. 26, 2023.
1The 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. Outlook contemplates the change in depreciable life from 5 to 8 years, described in our most recent earnings release, and a fixed long-term projected non-GAAP tax rate.
© Intel Corporation. Intel, the Intel logo and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Other names and brands may be claimed as the property of others.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230222005387/en/
Contact:
Penelope Bruce
Media Relations
1-408-893-0601
penelope.bruce@intel.com
Erin Tyrrell
Investor Relations
1-916-377-9036
erin.tyrrell@intel.com
