Intel — Oct 28, 2024 release

Q3 2023 Revenue ($B) $13.3 $14.2 down 6% Gross Margin 15.0% 42.5% down 27.5 ppts 18.0% 45.8% down 27.8 ppts R&D and MG&A ($B) $5.4 $5.2 up 4% $4.8 $4.6 up 4% Operating Margin (68.2)% (0.1)% down 68.1 ppts (17.8)% 13.6% down 31.4 ppts Tax Rate (87.0)% 696.2% n/m* 13.0% 13.0% — Net Income (loss) Attributable to Intel ($B) $(16.6) $0.3 n/m* $(2.0) $1.7 n/m* Earnings (loss) Per Share Attributable to Intel $(3.88) $0.07 n/m* $(0.46) $0.41 n/m* In the third quarter, the company generated $4.1 billion in cash from operations and paid dividends of $0.5 billion. *Not meaningful Exhibit 99.1 Q3 2024 Restructuring and Impairment Charges In the third quarter, the company made significant progress on its $10 billion cost reduction plan. The plan aims to drive operational efficiency and agility, accelerate profitable growth and create capacity for ongoing strategic investment in technology and manufacturing leadership. These initiatives include structural and operating realignment across the company, alongside reductions in headcount, operating expenses and capital expenditures. As a result of these actions, the company recognized $2.8 billion in restructuring charges in Q3 2024, $528 million of which are non-cash charges and $2.2 billion of which will be cash settled in the future. Intel's third quarter results were also materially impacted by the following charges: • $3.1 billion of charges, substantially all of which were recognized in cost of sales, related to non-cash impairments and the acceleration of depreciation for certain manufacturing assets, a substantial majority of which related to the Intel 7 process node, based upon an evaluation of current process technology node capacities relative to projected market demand for Intel products and services; • $2.9 billion of non-cash charges associated with the impairment of goodwill for certain reporting units – primarily the Mobileye repor