Status of Business Outlook
Intel’s Business Outlook is posted on intc.com and may be reiterated in public or private meetings with investors and others. The Business Outlook will be effective through the close of business Mar. 15 unless earlier updated; except that the Business Outlook for amortization of acquisition-related intangibles, impact of equity investments and interest and other, and tax rate, will be effective only through the close of business on Jan. 24. Intel’s Quiet Period will start from the close of business on Mar. 15 until publication of the company’s first-quarter earnings release, scheduled for April 16, 2013. During the Quiet Period, all of the Business Outlook and other forward-looking statements disclosed in the company’s news releases and filings with the SEC should be considered as historical, speaking as of prior to the Quiet Period only and not subject to an update by the company.
| GAAP Financial Comparison | ||||||||||||
| Annual | ||||||||||||
| 2012 | 2011 | vs. 2011 | ||||||||||
| Revenue | $53.3 billion | $54.0 billion | down 1.2% | |||||||||
| Gross Margin | 62.1% | 62.5% | down 0.4 pts. | |||||||||
| Operating Income | $14.6 billion | $17.5 billion | down 16% | |||||||||
| Net Income | $11.0 billion | $12.9 billion | down 15% | |||||||||
| Earnings Per Share | $2.13 | $2.39 | down 11% | |||||||||
| Non-GAAP Financial Comparison | |||
| Annual | |||
| 2012 | 2011 | vs. 2011 | |
| Gross Margin | 63.2% | 63.4% | down 0.2 pts. |
| Operating Income | $15.5 billion | $18.2 billion | down 15% |
| Net Income | $11.6 billion | $13.5 billion | down 14% |
| Earnings Per Share | $2.24 | $2.50 | down 10% |
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Non-GAAP results exclude the amortization of acquisition-related
intangible
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