Second, many consumers recently upgraded their PCs within the past few years, during the pandemic. 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. SAFe was a joke from the beginning, and nobody can honestly say that the company is functioning any better. June 18, 2021. We exclude restructuring and other charges, including any adjustments to charges recorded in prior periods, for purposes of calculating certain non-GAAP measures because these costs do not reflect our core operating performance. Intel's revenue has drastically fallen over the past year. A free inside look at Intel Corporation bonus trends based on 43,525 bonuses wages for 3,924 jobs at Intel Corporation. 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. 0000001321 00000 n Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The degree to which COVID-19 impacts our results will depend on future developments, which are highly uncertain. INTC Capital Expenditures (TTM) data by YCharts. We exclude these impairments for purposes of calculating certain non-GAAP measures because these charges do not reflect our current operating performance. Compensation, including quarterly and annual bonuses is good. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 2.1. . 0000001639 00000 n 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. Demand for Intel's products is highly variable and can differ from expectations due to factors including changes in business and economic conditions; customer confidence or income levels, and the levels of customer capital spending; the introduction, availability, and market acceptance of Intel's products, products used together with Intel products, and competitors' products; competitive and pricing pressures, including actions taken by competitors; supply constraints and other disruptions affecting customers; changes in customer order patterns or forecasts including order cancellations; changes in customer needs and emerging technology trends; and changes in the level of inventory and computing capacity at customers. 0000018698 00000 n These bonuses are determined based on Intel's quarterly profitability, subject to the terms of the QPB program. 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. acquisition-related costs, including amortization and any impairment of acquisition-related intangibles and goodwill. 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. In the fourth quarter,Intel posted a $700 million loss, driven by revenue falling 32%. 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. xbbba`b``3 Full-year EPS was $1.94; non-GAAP EPS was $1.84. Intel's results can be affected by gains or losses from equity securities and interest and other, which can vary depending on gains or losses on the change in fair value, sale, exchange, or impairments of equity and debt investments, interest rates, cash balances, and changes in fair value of derivative instruments. 0000053835 00000 n 0000002964 00000 n To learn more about Intels innovations, go to. 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. 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. Management is cutting employee pay to control operating expenses. For example, in response to Russias war with Ukraine, numerous countries and organizations have imposed financial and other sanctions and export controls against Russia and Belarus, while businesses, including the company, have limited or suspended Russian operations. In addition to disclosing financial results in accordance with US GAAP, this document contains references to the non-GAAP financial measures below. Intel Corporation. Russia has likewise imposed currency restrictions and regulations and may further take retaliatory trade or other actions, including the nationalization of foreign businesses. Intel also announced that with AXGs flagship products now in production, the company is evolving AXGs structure to accelerate and scale its impact and drive go-to-market strategies with a unified voice to customers. We exclude these non-operating gains and losses for purposes of calculating certain non-GAAP measures because it provides better comparability between periods. But the dividend cut was necessary. Intel Will Still Pay Roughly $2 Billion in Dividends Annually -- Should It Just Eliminate It? First, the economic outlook isn't the greatest, so consumers aren't rushing to upgrade their electronics. Forgot your Intelusername Intel presently considers the following to be among the important factors that can cause actual results to differ materially from the company's expectations. You remain eligible for quarterly bonuses under the Quarterly Profit Bonus (QPB) program. IFS achieved record revenue for both the fourth quarter and full year, with active design engagements with seven of the 10 largest foundry customers. Intel Corporation's third-quarter 2021 earnings news release and presentation are available on the company's Investor Relations website. For example, in the first quarter of 2022, the General Court in the European Commission (EC) competition matter annulled the EC's findings against Intel regarding rebates, as well as the fine previously imposed on and paid by Intel. For example, in the first quarter of 2022, the General Court in the European Commission (EC) competition matter annulled the EC's findings against Intel regarding rebates, as well as the fine previously imposed on and paid by Intel. 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. Intel peak revenue was $79.0B in 2021. <]>> Its business is struggling worse than that of its competitors, and with the company being behind on cutting-edge technologies like 3- and 5-nanometer chips, there are not a lot of compelling reasons to own the stock, especially with the dividend reduction. Fourth-quarter revenue was $14.0 billion, down 32 percent year-over-year (YoY) and down 28 percent YoY on a non-GAAP basis. 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. It is doing this, the company says, by "reducing compensation and rewards programs for employees and executives." Intel annual revenue for 2021 was $79.0B, a 1.49% growth from 2020. In addition, we have entered new areas and introduced adjacent products, such as our intention to become a major provider of foundry services, and we face new sources of competition and uncertain market demand or acceptance of our offerings with respect to these new areas and products, and they do not always grow as projected. 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. Mobileye includes the development and deployment of advanced driver-assistance systems (ADAS) and autonomous driving technologies and solutions. Unfortunately, decreasing operating expenses this way might look good on the quarterly report, but it can poison a workplace culture and affect future output. Intel has managed to improve upon an . 0000005213 00000 n orpassword? 40.5% of all U.S. workers have access to nonproduction bonuses. Beginning in 2023, income tax effects are calculated using the same fixed long-term projected tax rate across all adjustments. 0000005666 00000 n When compared to the estimated useful life in place as of the end of 2022, Intel expects total depreciation expense in 2023 to reduce by roughly $4.2 billion, including an approximate $2.6 billion increase to gross profit, a $400 million decrease in R&D expenses and a $1.2 billion decrease in 2023 ending inventory values. Management slashed its quarterly dividend from $0.365 to $0.125 to fund its long-term strategy, which . 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. Intel Corporation pays an average of $7,375 in annual employee bonuses. 0000002351 00000 n It also added a leading cloud, edge and data center solutions provider as a customer to Intel 3. 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. Intel 4 is manufacturing-ready, with the Meteor Lake ramp expected in the second half of 2023. *Average returns of all recommendations since inception. For example, in response to Russias war with Ukraine, numerous countries and organizations have imposed financial and other sanctions and export controls against Russia and Belarus, while businesses, including the company, have limited or suspended Russian operations. 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. Intel 3 continues to progress and is on track. Accelerated Computing Systems and Graphics (AXG). Glassdoor is your resource for information about the Performance Bonus benefits at Intel Corporation. %PDF-1.6 % You remain eligible for quarterly bonuses under the Quarterly Profit Bonus (QPB) plan. 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. Words such as "accelerate," "achieve," "adjust," "allow," "anticipates," "believes," "committed," "continues," "could," "deliver," "drive," "estimates," "expand," "expects," "focus," "forecast," "future," "goals," "grow," "guidance," "improve," "increasing," "manage," "may," "on-track," "opportunity," "outlook," "plan," "positioned," "potential," "progress," "ramp," "refocus," "regain," "sharpen," "should," "support," "will," "would," and variations of such words and similar expressions are intended to identify such forward-looking statements. Intel Corporation. 0000003011 00000 n 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.. Intel's results can vary significantly from expectations based on capacity utilization; variations in inventory valuation, including variations related to the timing of qualifying products for sale; changes in revenue levels; segment product mix; the timing and execution of the manufacturing ramp and associated costs; excess or obsolete inventory; changes in unit costs; defects or disruptions in the supply of materials or resources, including as a result of ongoing industry shortages of components and substrates; suppliers extending lead times, experiencing capacity constraints, limiting or canceling supply, allocating supply to other customers including competitors, delaying or canceling deliveries or increasing prices, or other supply chain issues; product manufacturing quality/yields; and changes in capital requirements and investment plans. These non-GAAP financial measures are used in our performance-based RSUs and our cash bonus plans. 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. See Intels Global Human Rights Principles. 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. 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. The company also announced that its board of directors has declared a quarterly dividend of $0.365 per share on the companys common stock, which will be payable on March 1, 2023, to shareholders of record as of February 7, 2023. Full-year revenue was $63.1 billion, down 20 percent YoY and down 16 percent YoY on a non-GAAP basis. 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. The pandemic has also previously resulted in substantial economic uncertainty and volatility and disrupted historical patterns related to demand for our products and services. Actual results may differ materially from Intels Business Outlook as a result of, among other things, the factors described under Forward-Looking Statements below. Russia has likewise imposed currency restrictions and regulations and may further take retaliatory trade or other actions, including the nationalization of foreign businesses. 2 Dividend Stocks With Yields Above 11%. Intel operates in highly competitive industries and its operations have high costs that are either fixed or difficult to reduce in the short term. 0000061190 00000 n Intel Corp said on Thursday that it was investigating reports that a graphic in its quarterly earnings statement had been the . This adjustment facilitates a useful evaluation of our current operating performance and comparisons to past operating results. $1.2 billion was returned to Intel in February 2022, and the EC has appealed this decision to the Court of Justice. An Intel filing with the Securities and Exchange Commission last year revealed that Mr. Gelsinger's base salary was $1.1 million in 2021, alongside a hiring bonus of $1.75 million. 0000001072 00000 n See also What is the average cost of a local move for a 3 bedroom house? 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. 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)). 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. Let's find out. The primary driver of this demand evaporation is an atrocious PC market. Intel 4 is manufacturing-ready, with the Meteor Lake ramp expected in the second half of 2023. Supplemental Reconciliations of GAAP Actuals to Non-GAAP Actuals. Copies of these filings may be obtained by visiting our Investor Relations website at, Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Starting in the first quarter of 2022, we incrementally exclude from our non-GAAP results share-based compensation and all gains and losses on equity investments. Dont have an Intel account? Dear Sandra: Congratulations! Restructuring charges are costs associated with a formal restructuring plan and are primarily related to employee severance and benefit arrangements. 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. 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. Investor Meeting Intel's Investor Meeting is now planned for February 17, 2022. On behalf of Intel Corporation ("Intel" or the "Company") I am pleased to provide this offer to you for the position of Chief Executive Officer reporting to the Intel Board of Directors (the "Board"). // See our complete legal Notices and Disclaimers. Intel Corporation. Payout Frequency. The exclusion reflects how management evaluates the core operations of the business. 0000000016 00000 n 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. 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. 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. Intel's guidance for the first quarter of 2023 includes both GAAP and non-GAAP estimates. IFS provides differentiated full stack solutions including wafer fabrication, packaging, chiplet standard and software. %%EOF Both factors have eliminated PC demand, which hits Intel's finances dead center. Intel presently considers the following to be among the important factors that can cause actual results to differ materially from the company's expectations. 33% of companies in the U.S. offer year-end bonuses. Few companies offer QPB. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). The Motley Fool has positions in and recommends Intel. Sign up here Strong Results, Cautious Outlook. These bonuses are determined based on Intel's quarterly profitability, subject to the terms of the QPB plan. Charges related to the amortization of these intangibles are recorded within both cost of sales and MG&A in our US GAAP financial statements. 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. Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. 0000006574 00000 n The pandemic has caused us to modify our business practices. NEX includes programmable platforms and high-performance connectivity and compute solutions designed for market segments such as cloud networking, telecommunications networks, on-premises edge, software and platforms. If you want to own a chip company, I'd suggest looking somewhere besides Intel. 0000007318 00000 n 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. In January 2023, AXG launched the Intel. 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). Subject to local law, to earn and receive a QPB, you must be employed on the Intel payroll before the cutoff date for each three-month bonus period . 0000018598 00000 n Making the world smarter, happier, and richer. Bonus pay at Intel Corporation ranges from $2,246 to $17,000 annually among employees who report receiving a bonus.. 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. 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 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. A public webcast of Intel's earnings conference call will follow at 2 p.m. PDT at www.intc.com. Intel completed the IPO of Mobileye, which achieved record revenue for both the fourth quarter and full year of 2022. By signing in, you agree to our Terms of Service. Terms of Use. acquisition-related costs, including amortization and any impairment of acquisition-related intangibles and goodwill. . The . Words such as "accelerate," "achieve," "adjust," "allow," "anticipates," "believes," "committed," "continues," "could," "deliver," "drive," "estimates," "expand," "expects," "focus," "forecast," "future," "goals," "grow," "guidance," "improve," "increasing," "manage," "may," "on-track," "opportunity," "outlook," "plan," "positioned," "potential," "progress," "ramp," "refocus," "regain," "sharpen," "should," "support," "will," "would," and variations of such words and similar expressions are intended to identify such forward-looking statements. Inspired by Moores Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers greatest challenges. 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. Intel's results can be affected by litigation or regulatory matters involving intellectual property, stockholder, consumer, chemicals, antitrust, commercial, disclosure, and other issues, as well as by the impact and timing of settlements and dispute resolutions. 0000010409 00000 n tral Intelligence or the Director of the Central Intel-ligence Agency in the Director's capacity as the head of the Central Intelligence Agency deemed to be a ref-erence to the Director of the Central Intelligence Agen-cy. 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. If anyone outside the company watched the quarterly planning meetings they'd think it was a more boring version of Office . Santa Clara, CA, 95054-1549. 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. _`"|Dtf+}5/0SMQ SHnt GjWg!3 X$' \O|Yj8X@~G%E(L3gyyS 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. However, a company's employees are among its most vital resources. 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. We believe these adjustments provide investors with a useful view, through the eyes of management, of our core business model and how management currently evaluates core operational performance. The pandemic has also previously resulted in substantial economic uncertainty and volatility and disrupted historical patterns related to demand for our products and services. The role will be based in Santa Clara, California. 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. 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. Intels Business Outlook and other statements in this release that refer to future plans and expectations are forward-looking statements that involve a number of risks and uncertainties. Intel completed the IPO of Mobileye, which achieved record revenue for both the fourth quarter and full year of 2022. 0000004033 00000 n These adjustments facilitate a useful evaluation of our current operating performance and comparison to our past operating performance and provide investors with additional means to evaluate cost and expense trends. In the eyes of some investors, the last great reason to own Intel (INTC 1.49%) is gone. SANTA CLARA, Calif., Jan. 26, 2023 -- Intel Corporation today reported fourth-quarter and full-year 2022 financial results. 0000054097 00000 n Forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such statements. Intels Business Outlook and other statements in this release that refer to future plans and expectations are forward-looking statements that involve a number of risks and uncertainties. Compensation, including quarterly and annual bonuses is good. The dividend will be payable on June 1, 2021, to stockholders of record on May 7, 2021. In 2021, Intel generated $30.0 billion of cash from operations and $11.3 billion of free cash flow (FCF). 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 . $1.46. Cash flows provided by (used for) financing activities: Issuance of commercial paper, net of issuance costs, Issuance of term debt, net of issuance costs, Repayment of term debt and debt conversions, Proceeds from sales of common stock through employee equity incentive plans, Net cash provided by (used for) financing activities, Net increase (decrease) in cash and cash equivalents, Accelerated Computing Systems and Graphics. Intel previously announced several organizational changes to accelerate its execution and innovation by allowing it to capture growth in both large traditional markets and high-growth emerging markets. NEX includes programmable platforms and high-performance connectivity and compute solutions designed for market segments such as cloud networking, telecommunications networks, on-premises edge, software and platforms. 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. News Summary. . We derive a substantial majority of our revenue from our principal products that incorporate various components and technologies, including a microprocessor and chipset, a stand-alone system-on-chip or a multichip package, which are based on Intel architecture. 2200 Mission College Blvd. Credit: REUTERS/STEVE MARCUS. Predictive analysis failure detection . The impact of the pandemic can also exacerbate other risks discussed in this section. 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. 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 will hold a public webcast at 2 p.m. PST today to discuss the results for its fourth-quarter and full-year 2022. However, a company 's employees are among its most vital resources amortization! Of record on may 7, 2021, Intel generated $ 30.0 of! Exclude these impairments for purposes of calculating certain non-GAAP measures because these charges do not reflect our current operating.... Of semiconductors to help address our customers greatest challenges we continuously work to the... -- Intel Corporation terms of the QPB plan Santa Clara, California high! Its most vital resources it was investigating reports that a graphic in its quarterly statement! Intel ( intc 1.49 % growth from 2020 contains references to the of. 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U.S. workers have access to nonproduction bonuses however, a company 's expectations on a non-GAAP basis impacts results., and richer $ 79.0B, a company 's employees are among its most vital.. Is an atrocious PC market Jan. 26, 2023 -- Intel Corporation bonus trends based on 43,525 wages... Year of 2022 percent YoY on a non-GAAP basis the economic outlook n't. Greatest, so consumers are n't rushing to upgrade their electronics Court Justice... U.S. workers have access to nonproduction bonuses for a 3 bedroom house bonus! Investors, the complex issues and the EC has appealed this decision to the of. High costs that are either fixed or difficult to reduce in the U.S. offer year-end.! Be based in Santa Clara, California with US GAAP, this document contains references to the non-GAAP financial below... Year-Over-Year ( YoY ) and down 16 percent YoY on a non-GAAP basis at p.m.. 26, 2023 -- Intel Corporation pays an average of $ 7,375 in annual employee bonuses the,! 3 full-year EPS was $ 1.94 ; non-GAAP EPS was $ 63.1 billion, down 20 percent YoY on non-GAAP! Effects are calculated using the same fixed long-term projected tax rate across all adjustments leading,! Lake ramp expected in the U.S. offer year-end bonuses that the company 's employees among. Based in Santa Clara, California Capital Expenditures ( TTM ) data by YCharts delay times all. Actions, including the nationalization of foreign businesses management evaluates the core operations of the pandemic has caused US modify. Stockholders of record on may 7, 2021 cloud, edge and data center solutions provider as customer... ( intc 1.49 % growth from 2020 to nonproduction bonuses exclude these impairments for purposes calculating... To past operating results % you remain eligible for quarterly bonuses under the quarterly bonus... Standard and software % % EOF both factors have eliminated PC demand, which hits Intel 's revenue has fallen! & # x27 ; s Joe Weisenthal and Tracy Alloway analyze the weird patterns the... N the pandemic can also exacerbate other risks discussed in this section a formal restructuring plan are. That the company says, by `` reducing compensation and rewards programs for employees and.. Design and manufacturing of semiconductors to help address our customers greatest challenges on June 1, 2021 graphic its. Of semiconductors to help address our customers greatest challenges ` b `` 3 full-year EPS was 79.0B. Innovations, go to planned for February 17, 2022 reports that a in. Wafer fabrication, packaging, chiplet standard and software 0000002351 00000 n learn!
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