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AI English summary of an SEC filing — figures as filed

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The company reported revenue of $13.3 billion for Q3 2024 (ended September 28, 2024), GAAP diluted loss per share of $(3.88), and non-GAAP loss per share of $(0.46). It said revenue fell 6% from a year earlier.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company reported revenue of $13.3 billion for Q3 2024 (ended September 28, 2024), GAAP diluted loss per share of $(3.88), and non-GAAP loss per share of $(0.46). It said revenue fell 6% from a year earlier.

  2. The company said it recognized restructuring charges of $2.8 billion in Q3 2024, of which $528 million are non-cash and $2.2 billion will be cash settled in the future. Separately, it recognized non-cash impairment charges of $2.9 billion for goodwill and other intangible assets and $9.9 billion for a valuation allowance against U.S. deferred tax assets.

  3. Intel reported an Intel Foundry operating loss of $(5,844) million for Q3 2024 ($(1,407) million a year earlier) on revenue of $4,352 million. Intel Products posted operating income of $3,337 million, the company said.

  4. The company reported operating cash flow of $4.1 billion and dividends paid of $0.5 billion for Q3 2024. It guided revenue for Q4 to $13.3 billion to $14.3 billion, GAAP EPS of $(0.24), and non-GAAP EPS of $0.12.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Q3 2024 Revenue and EPS

The company reported revenue of $13.3 billion for Q3 2024 (ended September 28, 2024), GAAP diluted loss per share of $(3.88), and non-GAAP loss per share of $(0.46). It said revenue fell 6% from a year earlier.

Source · Based on the filing body and exhibits

Restructuring and Impairment Charges

The company said it recognized restructuring charges of $2.8 billion in Q3 2024, of which $528 million are non-cash and $2.2 billion will be cash settled in the future. Separately, it recognized non-cash impairment charges of $2.9 billion for goodwill and other intangible assets and $9.9 billion for a valuation allowance against U.S. deferred tax assets.

Source · Based on the filing body and exhibits

Intel Foundry Operating Loss and Segment Revenue

Intel reported an Intel Foundry operating loss of $(5,844) million for Q3 2024 ($(1,407) million a year earlier) on revenue of $4,352 million. Intel Products posted operating income of $3,337 million, the company said.

Source · Based on the filing body and exhibits

Q3 Cash Flow and Q4 Outlook

The company reported operating cash flow of $4.1 billion and dividends paid of $0.5 billion for Q3 2024. It guided revenue for Q4 to $13.3 billion to $14.3 billion, GAAP EPS of $(0.24), and non-GAAP EPS of $0.12.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.