Intel — Jan 22, 2026 release

(Unaudited) Q1 2026 Outlook 1 Approximately GAAP gross margin percentage 32.3   % Acquisition-related adjustments 0.8  % Share-based compensation 1.4  % Non-GAAP gross margin percentage 34.5   % GAAP tax rate (79) % Income tax effects 90  % Non-GAAP tax rate 11   % GAAP earnings (loss) per share attributable to Intel—diluted $ (0.21) Acquisition-related adjustments 0.02  Share-based compensation 0.12  Restructuring and other charges 0.02  Adjustments attributable to non-controlling interest (0.01) Income tax effects 0.06  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 16 Intel Corporation Supplemental Reconciliations of GAAP Operating Expenses to Non-GAAP Operating Expenses Set forth below are reconciliations of non-GAAP operating expenses to the most directly comparable US GAAP financial measure, GAAP operating expenses. This non-GAAP financial measure 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 measure, the ways management uses the non-GAAP measure, and the reasons why man