Add an Insight Submit Thanks for your submission! 0000000016 00000 n 0000018698 00000 n Intel Corporation's third-quarter 2021 earnings news release and presentation are available on the company's Investor Relations website. 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%. We exclude these non-operating gains and losses for purposes of calculating certain non-GAAP measures because it provides better comparability between periods. See section 1081(a), (b) of Pub. 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. 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. However, a company's employees are among its most vital resources. The corresponding earnings presentation and webcast replay will also be available on the site. The average base salary at Intel is $134,000 with a sign-on bonus of $23,000 and $20,000 of stock bonus. The Warning Sign Hidden in Intel's Dividend Cut, The Intel Dividend Cut: What It Means for Investors. Australia. Set forth below are reconciliations of the non-GAAP financial measure to the most directly comparable US GAAP financial measure. The impact of the pandemic can also exacerbate other risks discussed in this section. Intel 7 is now in high-volume manufacturing for both client and server. Management slashed its quarterly dividend from $0.365 to $0.125 to fund its long-term strategy, which . 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. Restrictions or disruptions of transportation, or disruptions in our customers operations and supply chains, may adversely affect our results of operations. Dear Sandra: Congratulations! You can also try the quick links below to see results for most popular searches. 3. 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. These adjustments facilitate a useful evaluation of our current operating performance and comparisons to past operating results. Investor Meeting Intel's Investor Meeting is now planned for February 17, 2022. There are multiple ways employees are compensated at Intel: Base Salary Quarterly Profit Bonus (QPB) Annual Performance Bonus (APB) Stock Awards The base salary is paid out twice a month. Intel 4 is manufacturing-ready, with the Meteor Lake ramp expected in the second half of 2023. Terms of Use. A public webcast of Intel's earnings conference call will follow at 2 p.m. PDT at www.intc.com. The earnings conference call for investors begins at 2 p.m. PDT today; a public webcast will be available at www.intc.com. We exclude the catch-up charge related to prior periods for purposes of calculating certain non-GAAP measures because this adjustment facilitates comparison to past operating results and provides a useful evaluation of our current operating performance. Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Intel's results can be affected by the impact and timing of closing of acquisitions, divestitures, and other significant transactions, such as the pending acquisition of Tower Semiconductor Inc. Intel Corporation. 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 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. Amortization of acquisition-related intangible assets consists of amortization of intangible assets such as developed technology, brands, and customer relationships acquired in connection with business combinations. 0000010025 00000 n <]>> 0000040250 00000 n Dont have an Intel account? This charge related to prior periods is excluded from our non-GAAP results; amortization related to the right to use the patents in the current and ongoing periods is included. Forgot your Intelusername endstream endobj 244 0 obj <>/Size 209/Type/XRef>>stream Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Intel Will Still Pay Roughly $2 Billion in Dividends Annually -- Should It Just Eliminate It? 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. Charges related to the amortization of these intangibles are recorded within both cost of sales and MG&A in our US GAAP financial statements. The exclusion reflects how management evaluates the core operations of the business. %%EOF In the fourth quarter of 2022, CCGs 13th Gen Intel, In January 2023, DCAI launched its 4thGen Intel, NEX achieved a second consecutive year of double-digit revenue growth, hitting key product milestones with Intel, AXG delivered record revenue for both the fourth quarter and full year. Predictive analysis failure detection . Is Intel stock worth owning with that catalyst gone? Santa Clara, CA, 95054-1549. Unless specifically indicated otherwise, the forward-looking statements in this release do not reflect the potential impact of any divestitures, mergers, acquisitions, or other business combinations that have not been completed as of the date of this release. Intel Corporation. In depth view into Intel Revenue (Quarterly) including historical data from 1972, charts and stats. Base Salary. IFS provides differentiated full stack solutions including wafer fabrication, packaging, chiplet standard and software. Other names and brands may be claimed as the property of others. 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 (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. 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. 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. 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. Intel 3 continues to progress and is on track. 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 presently considers the following to be among the important factors that can cause actual results to differ materially from the company's expectations. // Intel is committed to respecting human rights and avoiding complicity in human rights abuses. Intel operates in highly competitive industries and its operations have high costs that are either fixed or difficult to reduce in the short term. Jan 21, 2021 8:00PM EST. 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. Intel Is Gutting Its Dividend. 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. You can easily search the entire Intel.com site in several ways. Fourth-quarter earnings (loss) per share (EPS) was $(0.16); non-GAAP EPS was $0.10. Russia has likewise imposed currency restrictions and regulations and may further take retaliatory trade or other actions, including the nationalization of foreign businesses. 0000005666 00000 n NEX achieved a second consecutive year of double-digit revenue growth, hitting key product milestones with Intel IPU E2000 (Mount Evans), Raptor Lake P&S, Alder Lake N and Sapphire Rapids. Accordingly, the consumer graphics teams will join CCG, and the accelerated computing teams will join DCAI. He said that Intel was "committed to maintaining a competitive dividend" and that it takes a "disciplined approach to the capital allocation strategy.". 0000001072 00000 n Making the world smarter, happier, and richer. orpassword? Intel technologies may require enabled hardware, software or service activation. We or third parties regularly identify security vulnerabilities with respect to our processors and other products as well as the operating systems and workloads running on them. Tags Corporate About Intel Intel's largest business, its client computing. 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. Listen . Full-year EPS was $1.94; non-GAAP EPS was $1.84. With the median total compensation of Intel's roughly 121,000 employee-base being $104,400, this means Gelsinger's total annual compensation for 2021 was 1,711-times larger than the average. Intel earned $20.5 billion in the fourth quarter of 2021, exceeding its guidance by $1.3 billion and up 3% year-over-year (YoY). 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. 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