|
|
Q1 2023 Outlook |
||
|
|
Approximately |
||
GAAP gross margin |
|
34.1 |
% |
|
Acquisition-related adjustments |
|
3.3 |
% |
|
Share-based compensation |
|
1.6 |
% |
|
Non-GAAP gross margin |
|
39.0 |
% |
|
GAAP tax rate |
|
(84) |
% |
|
Income tax effects |
|
97 |
% |
|
Non-GAAP tax rate |
|
13 |
% |
|
|
|
|
||
GAAP earnings (loss) per share—diluted1 |
|
$ |
(0.80) |
|
Acquisition-related adjustments |
|
0.11 |
|
|
Share-based compensation |
|
0.20 |
|
|
Restructuring and other charges |
|
(0.03) |
|
|
(Gains) losses on equity investments, net |
|
(0.01) |
|
|
(Gains) losses from divestiture |
|
(0.01) |
|
|
Income tax effects |
|
0.39 |
|
|
Non-GAAP earnings (loss) per share—diluted |
|
$ |
(0.15) |
|
For more information on these adjustments, please see our disclosure in the “Explanation of Non-GAAP Measures” section of our most recent earnings release on INTC.com or as furnished with the SEC on Jan. 26, 2023.
1The impact of non-controlling interest to our non-GAAP adjustments in Q1 2023 is expected to be insignificant and thus is not included in our reconciliation of non-GAAP measures. Outlook contemplates the change in depreciable life from 5 to 8 years, described in our most recent earnings release, and a fixed long-term projected non-GAAP tax rate.
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