Intel — Apr 23, 2026 release

(Unaudited) Q2 2026 Outlook 1 Approximately GAAP gross margin percentage 37.5   % Acquisition-related adjustments 0.7  % Share-based compensation 0.8  % Non-GAAP gross margin percentage 39.0   % GAAP tax rate 4   % Income tax effects 7  % Non-GAAP tax rate 11   % GAAP earnings (loss) per share attributable to Intel—diluted $ 0.08   Acquisition-related adjustments 0.02  Share-based compensation 0.12  Restructuring and other charges 0.01  Adjustments attributable to non-controlling interest (0.01) Income tax effects (0.02) Non-GAAP earnings (loss) per share attributable to Intel—diluted $ 0.20   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 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 management believes the non-GAAP measure provide useful information for investors. (In Billions; Unaudited) Full-Year 2026 Approximately GAAP operating expenses $ 22.7   Acquisition-related adjustments (0.1) Share-based compensation (2.0) Restructuring and other charges (4.1) Non-GAAP operating expenses $ 16.5   Contacts: Investor Relations investor.