Intel Reports Second-Quarter 2024 Financial Results; Announces $10 Billion Cost Reduction Plan to Increase Efficiency and Market Competitiveness

Supplemental Reconciliations of Other GAAP to Non-GAAP Forward-Looking Estimates

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 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 measures, the ways management uses the non-GAAP measures, and the reasons why management believes the non-GAAP measures provide useful information for investors.

(In Billions)

 

Full-Year 2024

 

Full-Year 2025

 

 

Approximately

 

Approximately

 

 

 

 

 

GAAP R&D and MG&A

 

$ 22.9

 

$ 20.1

Acquisition-related adjustments

 

(0.2)

 

(0.1)

Share-based compensation

 

(2.7)

 

(2.5)

Non-GAAP R&D and MG&A

 

$ 20.0

 

$ 17.5

 

 

 

 

 

 

 

 

 

 

GAAP additions to property, plant and equipment (gross capital expenditures)

 

$25.0 - $27.0

 

$20.0 - $23.0

Proceeds from capital-related government incentives

 

(1.5 - 3.5)

 

(4.0 - 6.0)

Partner contributions

 

(12.5)

 

(4.0 - 5.0)

Non-GAAP net capital spending

 

$11.0 - 13.0

 

$12.0 - $14.0

 



Contact:

Kylie Altman
Investor Relations
1-916-356-0320
kylie.altman@intel.com

Penny Bruce
Media Relations
1-408-893-0601
penelope.bruce@intel.com



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