HighGravityDataIntel — Oct 28, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000050863-24-000147
Showing in the filing
Tax Rate (GAAP)
“(50)%”
Period
Q4 FY2024
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 17
Revenue forecast for Q4 FY2024
“$13.3 billion to $14.3 billion”
GAAP EPS attributable to Intel for Q4 FY2024
“$(0.24)”
Non-GAAP EPS attributable to Intel for Q4 FY2024
“$0.12”
Cost reduction plan for FY2025
“$10 billion”
AI PC shipments for FY2025
“more than 100 million”
Gross Margin (GAAP) for Q4 FY2024
“36.5%”
Gross Margin (Non-GAAP) for Q4 FY2024
“39.5%”
Tax Rate (GAAP) for Q4 FY2024
“(50)%”
Earnings (Loss) Per Share Attributable to In… for Q4 FY2024
“$(0.24)”
Tax Rate (Non-GAAP) for Q4 FY2024
“13%”
Earnings (Loss) Per Share Attributable to In… for Q4 FY2024
“$0.12”
GAAP additions to property, plant and equipm… for FY2024
“$25.0”
GAAP additions to property, plant and equipm… for FY2025
“$20.0 - $23.0”
GAAP R&D and MG&A for FY2024
“$20.0”
Non-GAAP net capital spending for FY2024
“$11.0”
Non-GAAP net capital spending for FY2025
“$12.0 - $14.0”
Non-GAAP R&D and MG&A for FY2024
“$17.5”
Exhibit 99.1 · the passage around this item
… earlier in the release
It also gives Intel future flexibility to evaluate independent sources of funding and optimize the capital structure of Intel Foundry and Intel Products. Business Outlook Intel's guidance for the fourth quarter of 2024 includes both GAAP and non-GAAP estimates as follows: Q4 2024 GAAP Non-GAAP Revenue $13.3-14.3 billion Gross Margin 36.5% 39.5% Tax Rate (50)% 13% Earnings (Loss) Per Share Attributable to Intel—Diluted $(0.24) $0.12 Reconciliations between GAAP and non-GAAP financial measures are included below. Actual results may differ materially from Intel’s business outlook as a result of, among other things, the factors described under “Forward-Looking Statements” below. The gross margin and EPS outlook are based on the mid-point of the revenue range. Earnings Webcast Intel will hold a public webcast at 2 p.m. PDT today to discuss the results for its third quarter of 2024. The live public webcast can be accessed on Intel's Investor Relations website at www.intc.com . The corresponding earnings presentation and webcast replay will also be available on the site. Forward-Looking Statements This release contains forward-looking statements that involve a number of risks and uncertainties. Words such as "accelerate", "achieve", "aim", "ambitions", "anticipate", "believe", "committed", "continue", "could", "designed", "estimate", "expect", "forecast", "future", "goals", "grow", "guidance", "intend", "likely", "may", "might", "milestones", "next generation", "objective", "on track", "opportunity", "outlook", "pending", "plan", "position",
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.