(In Millions, Except Per Share Amounts)

Apr 1, 2023

Apr 2, 2022

GAAP gross margin

$       4,008  

$       9,244  

Acquisition-related adjustments

           328  

           353  

Share-based compensation

           158  

           148  

Non-GAAP gross margin

$       4,494  

$       9,745  

GAAP gross margin percentage

34.2 %

50.4 %

Acquisition-related adjustments

2.8 %

1.9 %

Share-based compensation

1.4 %

0.8 %

Non-GAAP gross margin percentage

38.4 %

53.1 %

GAAP R&D and MG&A

$       5,412  

$       6,114   

Acquisition-related adjustments

           (43) 

           (51) 

Share-based compensation

          (581) 

          (559) 

Non-GAAP R&D and MG&A

$       4,788  

$       5,504  

GAAP operating income (loss)

$     (1,468) 

$       4,341  

Acquisition-related adjustments

           371  

           404  

Share-based compensation

           739  

           707  

Restructuring and other charges

             64  

       (1,211)  

Non-GAAP operating income (loss)

$        (294) 

$       4,241  

GAAP operating margin (loss)

(12.5) %

23.7 %

Acquisition-related adjustments

3.2 %

2.2 %

Share-based compensation

6.3 %

3.9 %

Restructuring and other charges

0.5 %

(6.6) %

Non-GAAP operating margin (loss)

(2.5) %

23.1 %

GAAP tax rate

(139.0) %

16.0 %

Income tax effects

152.0 %

(3.0) %

Non-GAAP tax rate

13.0 %

13.0 %

GAAP net income (loss) attributable to Intel

$     (2,758) 

$       8,113   

Acquisition-related adjustments

           371  

           404  

Share-based compensation

           739  

           707  

Restructuring and other charges

             64  

       (1,211)  

(Gains) losses on equity investments, net

          (169) 

       (4,323) 

(Gains) losses from divestiture

           (39) 

       (1,121) 

Total adjustments attributable to non-controlling interest

           (12) 

             —  

Income tax effects

        1,635  

        1,013  

Non-GAAP net income (loss) attributable to Intel

$        (169) 

$       3,582  

GAAP earnings (loss) per share attributable to Intel—diluted

$       (0.66) 

$        1.98  

Acquisition-related adjustments

          0.09  

          0.10  

Share-based compensation

          0.18  

          0.17  

Restructuring and other charges

          0.01  

         (0.30) 

(Gains) losses on equity investments, net

         (0.04) 

         (1.05) 

(Gains) losses from divestiture

         (0.01) 

         (0.27) 

Total adjustments attributable to non-controlling interest

             —  

             —  

Income tax effects

          0.39  

          0.24  

Non-GAAP earnings (loss) per share attributable to Intel—diluted

$       (0.04) 

$        0.87