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Intel — Jan 30, 2025 release

Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000050863-25-000004
Open on SEC.gov ↗
Showing in the filing
Gross Margin (GAAP)
“33.8%”
Period
Q1 FY2025
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 16
Revenue for Q1 FY2025
“$11.7 billion to $12.7 billion”
Revenue for FY2025
“$11.7 billion to $12.7 billion”
EPS attributable to Intel for Q1 FY2025
“$(0.27)”
EPS attributable to Intel for FY2025
“$(0.27)”
Non-GAAP EPS attributable to Intel for Q1 FY2025
“$0.00”
Non-GAAP R&D and MG&A for FY2025
“$17.5”
AI PC shipments for FY2025
“more than 100 million AI PCs”
Gross Margin (GAAP) for Q1 FY2025
“33.8%”
Gross Margin (Non-GAAP) for Q1 FY2025
“36.0%”
Tax Rate (GAAP) for Q1 FY2025
“(32)%”
Earnings (Loss) Per Share Attributable to In… for Q1 FY2025
“$(0.27)”
Projected non-GAAP tax rate for FY2025
“12%”
Tax Rate (Non-GAAP) for Q1 FY2025
“12%”
Earnings (Loss) Per Share Attributable to In… for Q1 FY2025
“$0.00”
GAAP R&D and MG&A for FY2025
“$20.0”
Non-GAAP net capital spending for FY2025
“$8.0 - $11.0”
Exhibit 99.1 · the passage around this item
… earlier in the release
For information about the event, please visit https://www.intel.com/content/www/us/en/events/foundry-direct-connect.html. Intel/Page 4 Business Outlook Intel's guidance for the first quarter of 2025 includes both GAAP and non-GAAP estimates as follows: Q1 2025 GAAP Non-GAAP Revenue $11.7-12.7 billion Gross Margin 33.8% 36.0% Tax Rate (32)% 12% Earnings (Loss) Per Share Attributable to Intel—Diluted $(0.27) $0.00 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 outlooks are based on the mid-point of the revenue range. Earnings Webcast Intel will hold a public webcast at 2 p.m. PST today to discuss the results for its fourth 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
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.