Intel — Apr 24, 2025 release

(Unaudited) Q2 2025 Outlook 1 Approximately GAAP gross margin percentage 34.3   % Acquisition-related adjustments 0.9  % Share-based compensation 1.3  % Non-GAAP gross margin percentage 36.5   % GAAP tax rate (51) % Income tax effects 63  % Non-GAAP tax rate 12   % GAAP earnings (loss) per share attributable to Intel—diluted $ (0.32) Acquisition-related adjustments 0.03  Share-based compensation 0.16  Restructuring and other charges 0.01  Adjustments attributable to non-controlling interest (0.01) Income tax effects 0.13  Non-GAAP earnings (loss) per share attributable to Intel—diluted $ 0.00                1 Non-GAAP gross margin percentage and non-GAAP earnings (loss) per share attributable to Intel outlook based on the mid-point of the revenue range. Intel/Page 15 Intel Corporation Supplemental Reconciliations of Other GAAP to Non-GAAP Forward-Looking Estimates Set forth below are reconciliations of the non-GAAP financial measure to the most directly comparable US GAAP financial measure. 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 reconciliations should be carefully evaluated. 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. (In Billions; Unaudited) Full-Year 2025 Full-Year 2026 Approximately Approximately GAAP additions to property, plant and equipment (gross capital expenditures) $ 18.0   Proceeds from capital-related government incentives (3.0 - 5.0) Partner contributions, net (4.0 - 5.0) Non-GAA