INTEL CORP — Earnings Release 2010

Jul 13, 2010

8-K 1 a6358249.htm INTEL CORPORATION 8-K Copyright 2010 Business Wire, a Berkshire Hathaway company. All rights reserved www.businesswire.com

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report: July 13, 2010 (Date of earliest event reported) INTEL CORPORATION (Exact name of registrant as specified in its charter)

Delaware	000-06217	94-1672743
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

2200 Mission College Blvd., Santa Clara, California	95054-1549
(Address of principal executive offices)	(Zip Code)

(408) 765-8080
(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))

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| Item 2.02 |
| --- |
| Attached hereto as Exhibit 99.1 and
incorporated by reference herein is financial information for
Intel Corporation for the quarter ended June 26, 2010 and
forward-looking statements relating to 2010 and the third quarter
of 2010 as presented in a press release of July 13, 2010. The
information in this report shall not be treated as filed for
purposes of the Securities Exchange Act of 1934, as amended. In
addition to disclosing financial results calculated in accordance
with United States (U.S.) generally accepted accounting principles
(GAAP), this earnings release contains non-GAAP financial measures
that exclude the charge incurred in the second quarter of 2009 as
a result of the European Commission (EC) fine in the amount of
€1.06 billion, or about $1.45 billion. Management uses operating income,
net income, and earnings per share excluding the EC fine to
conduct and evaluate results of the business. We believe that
analyzing the trends of the underlying business is aided by the
removal of the charge due to the significant impact it has on
comparability. Specifically, management excludes this charge for
purposes of period to period comparisons in our budget, planning
and evaluation processes, and the charge was excluded from the
calculation of annual incentive payments for employees, and
partially eliminated from the calculation of annual incentive
payments for executives. The company discloses this non-GAAP
information to enable investors who wish to more easily assess the
company’s performance on the same basis applied by management and
to ease comparison on both a GAAP and non-GAAP basis to our
current period results. The
non-GAAP financial measures disclosed by the company should not be
considered a substitute for, or superior to, financial measures
calculated in accordance with GAAP, and the financial results
calculated in accordance with GAAP and reconciliations from these
results should be carefully evaluated. In addition, these non-GAAP
measures do not exclude other income and expenses which may not be
part of our ongoing expectations of the business. |

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		INTEL CORPORATION
		(Registrant)
Date: July 13, 2010	By:	/s/ Cary I. Klafter
		Cary I. Klafter
		Corporate Secretary

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