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 financial outlook prepared in accordance with US GAAP and the reconciliations from this Business Outlook 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.
|
|
Q1 2024 Outlook1 |
||
|
|
Approximately |
||
GAAP gross margin percentage |
|
|
40.7 |
% |
Acquisition-related adjustments |
|
|
1.8 |
% |
Share-based compensation |
|
|
2.0 |
% |
Non-GAAP gross margin percentage |
|
|
44.5 |
% |
|
|
|
||
GAAP tax rate |
|
|
(43 |
)% |
Income tax effects |
|
|
56 |
% |
Non-GAAP tax rate |
|
|
13 |
% |
|
|
|
||
GAAP earnings (loss) per share attributable to Intel—diluted |
|
$ |
(0.25 |
) |
Acquisition-related adjustments |
|
|
0.06 |
|
Share-based compensation |
|
|
0.28 |
|
(Gains) losses on equity investments, net |
|
|
(0.01 |
) |
(Gains) losses from divestiture |
|
|
(0.01 |
) |
Adjustments attributable to non-controlling interest |
|
|
— |
|
Income tax effects |
|
|
0.06 |
|
| Non-GAAP earnings per share attributable to Intel—diluted |
|
$ |
0.13 |
|
| 1 Non-GAAP gross margin percentage and non-GAAP EPS outlook based on the mid-point of the revenue range |
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