intel quarterly bonus 2021

Intel Corporation pays an average of $7,375 in annual employee bonuses. Outlook contemplates the change in depreciable life from 5 to 8 years and a fixed long-term projected non-GAAP tax rate. Intel previously announced several organizational changes to accelerate its execution and innovation by allowing it to capture growth in both large traditional markets and high-growth emerging markets. We believe these adjustments provide investors with a useful view, through the eyes of management, of our core business model and how management currently evaluates core operational performance. The dividend will be payable on June 1, 2021, to stockholders of record on May 7, 2021. Demand for Intel's products is highly variable and can differ from expectations due to factors including changes in business and economic conditions; customer confidence or income levels, and the levels of customer capital spending; the introduction, availability, and market acceptance of Intel's products, products used together with Intel products, and competitors' products; competitive and pricing pressures, including actions taken by competitors; supply constraints and other disruptions affecting customers; changes in customer order patterns or forecasts including order cancellations; changes in customer needs and emerging technology trends; and changes in the level of inventory and computing capacity at customers. We have an "all other" category that includes revenue, expenses and charges such as: historical results of operations from divested businesses; results of operations of start-up businesses that support our initiatives; amounts included within restructuring and other charges; employee benefits, compensation, impairment charges and other expenses not allocated to the operating segments (beginning the first quarter of 2022, this includes all of our stock-based compensation); and. Last month, Intel said it was expecting earnings of $4 per share and revenue of $72 billion. // See our complete legal Notices and Disclaimers. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Set forth below are reconciliations of the non-GAAP financial measure to the most directly comparable US GAAP financial measure. Intel 4 is manufacturing-ready, with the Meteor Lake ramp expected in the second half of 2023. Forecasting first-quarter 2023 revenue of $10.5 billion to $11.5 billion; expecting first-quarter EPS of $(0.80) (non-GAAP EPS of $(0.15)). Restrictions on our manufacturing or support operations or workforce, or similar limitations for our vendors and suppliers, can impact our ability to meet customer demand and could have a material adverse effect on us. Feb 6, 2023. Cybersecurity incidents, whether or not successful, can affect Intel's results by causing us to incur significant costs or disrupting our operations or those of our customers and suppliers, and can result in reputational harm. There is no certainty that such measures will be sufficient to mitigate the risks posed by the virus, and illness and workforce disruptions could lead to unavailability of our key personnel and harm our ability to perform critical functions. Reconciliations between GAAP and non-GAAP financial measures are included below.*. We exclude the impacts of this 2022 change in US tax treatment of R&D costs for purposes of calculating certain non-GAAP measures as we believe these adjustments facilitate a better evaluation of our current operating performance and comparison to past operating results. 0000036765 00000 n Accordingly, the consumer graphics teams will join CCG, and the accelerated computing teams will join DCAI. Intel Corporation today announced that its board of directors has declared a quarterly dividend of $0.3475 per share ($1.39 per share on an annual basis) on the companys common stock. The corresponding earnings presentation and webcast replay will also be available on the site. Fourth-quarter earnings (loss) per share (EPS) was $(0.16); non-GAAP EPS was $0.10. Management slashed its quarterly dividend from $0.365 to $0.125 to fund its long-term strategy, which . Intel's results can be affected by gains or losses from equity securities and interest and other, which can vary depending on gains or losses on the change in fair value, sale, exchange, or impairments of equity and debt investments, interest rates, cash balances, and changes in fair value of derivative instruments. It also added a leading cloud, edge and data center solutions provider as a customer to Intel 3. The change in depreciable life will not be counted toward the $3 billion in cost savings in 2023 or the $8 billion to $10 billion exiting 2025 communicated at Q3 2022 earnings. Quarterly: 17 Sep 2021: 04 Nov 2021: 01 Dec . Ex-Dividend Date. Unless specifically indicated otherwise, the forward-looking statements in this release do not reflect the potential impact of any divestitures, mergers, acquisitions, or other business combinations that have not been completed as of the date of this release. We believe these adjustments provide investors with a useful view, through the eyes of management, of our core business model, how management currently evaluates core operational performance, and additional means to evaluate expense trends, including in comparison to other peer companies. 209 0 obj <> endobj Keithen Drury has no position in any of the stocks mentioned. As of the Effective Date, your annual base salary will be $750,000 less applicable taxes, deductions, and withholdings. <]>> The impact of the pandemic can also exacerbate other risks discussed in this section. Income tax effects have been calculated using an appropriate tax rate for each adjustment, as applicable. We derive a substantial majority of our revenue from our principal products that incorporate various components and technologies, including a microprocessor and chipset, a stand-alone system-on-chip or a multichip package, which are based on Intel architecture. $1.46. The degree to which COVID-19 impacts our results will depend on future developments, which are highly uncertain. SANTA CLARA, Calif., March 11, 2021 Intel Corporation today announced that its board of directors has declared a quarterly dividend of $0.3475 per share ($1.39 per share on an annual basis) on the companys common stock. Other names and brands may be claimed as the property of others. Intel reported fourth-quarter earnings on Wednesday. 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, 1 Unstoppable Growth Stock to Buy Hand Over Fist, According to Wall Street. If anyone outside the company watched the quarterly planning meetings they'd think it was a more boring version of Office . In a rough calculation, state economist Josh Lehner estimated Intel's pay cuts could reduce Oregon's aggregate wages by $150 million to $200 million - about 0.15% of all wages statewide . Declares quarterly cash dividend of $0.365 per share. 0000003011 00000 n Argentina. We may not realize the expected benefits of portfolio decisions due to numerous risks, including unfavorable prices and terms; changes in market conditions; changes in applicable laws; limitations due to regulatory or governmental approvals, contractual terms, or other conditions; and potential continued financial obligations associated with such transactions. The previous Intel Corp. dividend was 36.5c and it went ex 4 months ago and it was paid 3 months ago. The browser version you are using is not recommended for this site.Please consider upgrading to the latest version of your browser by clicking one of the following links. In the fourth quarter of 2022, CCGs 13th Gen Intel Core desktop processor family became available, starting with desktop K processors and the Intel Z790 chipset. However, a company's employees are among its most vital resources. Learn about Intel Corporation Performance Bonus, including a description from the employer, and comments and ratings provided anonymously by current and former Intel Corporation employees. We exclude these non-operating gains and losses for purposes of calculating certain non-GAAP measures because it provides better comparability between periods. The Motley Fool has a disclosure policy. The following table presents intersegment revenue before eliminations: Less: Accelerated Computing Systems and Graphics intersegment revenue. To learn more about Intels innovations, go to newsroom.intel.com and intel.com. INTC Capital Expenditures (TTM) data by YCharts. The expected cost savings resulting from these initiatives may not be realized and are subject to risks related to the timing and amount of related charges, local labor law requirements, and assumptions related to severance, post-retirement, and other costs. Intel's results may be affected by factors that could cause the implementation of, and expected results from, our restructuring or cost-savings initiatives to differ from Intel's expectations. RT=Real-Time, EOD=End of Day, PD=Previous Day. Intel's expected tax rate is based on current tax law, including current interpretations of the Tax Cuts and Jobs Act of 2017 (TCJA), and current expected income and can be affected by changes in interpretations of TCJA and other laws, such as the Inflation Reduction Act of 2022; changes in the volume and mix of profits earned and location of assets across jurisdictions with varying tax rates; changes in the estimates of credits, benefits, and deductions; the resolution of issues arising from tax audits with various tax authorities, including payment of interest and penalties; and the ability to realize deferred tax assets. See also What is the average cost of a local move for a 3 bedroom house? We exclude restructuring and other charges, including any adjustments to charges recorded in prior periods, for purposes of calculating certain non-GAAP measures because these costs do not reflect our core operating performance. 0000010025 00000 n Intel peak revenue was $79.0B in 2021. Credit: REUTERS/STEVE MARCUS. In making these adjustments, we have not made any changes to our methods for measuring and calculating revenue or other financial statement amounts. You must be on Intel's payroll by the cutoff date for each six-month bonus According to the website Neowin, this includes at least a 5% pay cut companywide, suspension of bonuses, and a reduction in its 401(k) match. 0000061688 00000 n Intel is also spending big money on its Ohio chip factory: a $20 billion investment that could potentially expand to $100 billion. In addition, significant or prolonged turnover may negatively impact our operations and culture, as well as our ability to successfully maintain our processes and procedures, including due to the loss of historical, technical, and other expertise. 0000004033 00000 n Cash flows provided by (used for) investing activities: Additions to property, plant and equipment, Additions to held for sale NAND property, plant and equipment, Maturities and sales of short-term investments. orpassword? (Gains) losses on equity investments, net consists of ongoing mark-to-market adjustments on marketable equity securities, observable price adjustments on non-marketable equity securities, related impairment charges, and the sale of equity investments and other. IFS achieved record revenue for both the fourth quarter and full year, with active design engagements with seven of the 10 largest foundry customers. 0000054097 00000 n AXG includes CPUs for high performance computing (HPC) and graphic process units (GPUs) targeted for a range of workloads and platforms from gaming and content creation to HPC and artificial intelligence (AI) in the data center. 2 Dividend Stocks With Yields Above 11%. As of 2021, the average bonus pay in the U.S. is 11% of salary for exempt employees, 6.8% for nonexempt salaried employees, and 5.6% for hourly employees. Demand for our products has been and could again be materially harmed in the future, and our ability to accurately predict future demand, trends, or other matters may be impacted. Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries. Add an Insight Submit Thanks for your submission! Based on our ongoing obligation under the NAND wafer manufacturing and sale agreement entered into in connection with the first closing of the sale of our NAND memory business on December 29, 2021, a portion of the initial closing consideration was deferred and will be recognized between first and second closing. To learn more about Intels innovations, go to. The dividend is paid every three months and the last ex-dividend date was Feb 6, 2023. Dividend Yield. Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. We believe these non-GAAP financial measures provide investors with useful supplemental information about our operating performance, enable comparison of financial trends and results between periods where certain items may vary independent of business performance, and allow for greater transparency with respect to key metrics used by management in operating our business and measuring our performance. Tags: Dividend , Financials Tags xref Restrictions or disruptions of transportation, or disruptions in our customers operations and supply chains, may adversely affect our results of operations. acquisition-related costs, including amortization and any impairment of acquisition-related intangibles and goodwill. 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. Mobileye continued to execute well in its core advanced driver-assistance systems (ADAS) business, as it launched systems into 233 distinct vehicle models in 2022. 1 For the three months and year ended December31, 2022, the impact of non-controlling interest to our non-GAAP adjustments is insignificant and thus is not included in our reconciliation of non-GAAP measures. Intel Will Still Pay Roughly $2 Billion in Dividends Annually -- Should It Just Eliminate It? NEX achieved a second consecutive year of double-digit revenue growth, hitting key product milestones with Intel IPU E2000 (Mount Evans), Raptor Lake P&S, Alder Lake N and Sapphire Rapids. . Intels Q1 2023 outlook includes an estimated $350 million to $500 million benefit to operating margin or $0.07 to $0.10 benefit to EPS from this change, split approximately 75% to cost of sales and 25% to operating expenses. But the dividend cut was necessary. Intel's revenue has drastically fallen over the past year. SupportAssist automatically detects and proactively alerts Dell to: operating system issues, software upgrades, driver updates and patches, malware, virus infected files, failures of hard drives, batteries, memory, internal cables, thermal sensors, heat sinks, fans, solid state drives and video cards. These bonuses are determined based on Intel's quarterly profitability, subject to the terms of the QPB plan. Compensation, including quarterly and annual bonuses is good. Intel plans to report its earnings for the fourth quarter of 2021 on January 26, 2022 promptly after close of market; related materials will be available at www.intc.com. Intel technologies may require enabled hardware, software or service activation. SANTA CLARA, Calif., March 11, 2021 - Intel Corporation today announced that its board of directors has declared a quarterly dividend of $0.3475 per share ($1.39 per share on an annual basis) on the company's common stock. Australia. Results can also be affected by the formal or informal imposition by countries of new or revised export and/or import and doing-business regulations, including changes or uncertainty related to the US government entity list and changes in the ability to obtain export licenses, which can be changed without prior notice. The impact of the pandemic can also exacerbate other risks discussed in this section. The company also announced that its board of directors has declared a quarterly dividend of $0.365 per share on the company's common stock, which will be payable on March 1, 2023, to shareholders of record as of February 7, 2023. For example, in the first quarter of 2022, the General Court in the European Commission (EC) competition matter annulled the EC's findings against Intel regarding rebates, as well as the fine previously imposed on and paid by Intel. startxref These measures have impacted and may further impact our workforce and operations, the operations of our customers, and those of our respective vendors, suppliers, and partners. 0000001072 00000 n Investor Meeting Intel's Investor Meeting is now planned for February 17, 2022. These measures have impacted and may further impact our workforce and operations, the operations of our customers, and those of our respective vendors, suppliers, and partners. 0000002927 00000 n 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. We exclude the catch-up charge related to prior periods for purposes of calculating certain non-GAAP measures because this adjustment facilitates comparison to past operating results and provides a useful evaluation of our current operating performance. Who is eligible for the Employee Cash Bonus Program (ECBP)? On Intel 20A and Intel 18A, Intels first internal test chips, and those of a major potential foundry customer, have taped out with products undergoing fabrication. suspension of bonuses, and a reduction in its 401(k) match. Intel will hold a public webcast at 2 p.m. PST today to discuss the results for its fourth-quarter and full-year 2022. Security vulnerabilities and any limitations of, or adverse effects resulting from, mitigation techniques can adversely affect our results of operations, financial condition, customer relationships, prospects, and reputation in a number of ways, any of which may be material, including incurring significant costs related to developing and deploying updates and mitigations, writing down inventory value, a reduction in the competitiveness of our products, defending against product claims and litigation, responding to regulatory inquiries or actions, paying damages, addressing customer satisfaction considerations, or taking other remedial steps with respect to third parties. Supplemental Reconciliations of GAAP Actuals to Non-GAAP Actuals. Terms of Use. trailer Other charges include a benefit in Q1 2022 related to the annulled EC fine, a charge in Q1 2021 related to the VLSI litigation, periodic goodwill and asset impairments, certain pension charges, and costs associated with restructuring activity. CCG includes products designed for end-user form factors, focusing on higher growth segments of 2 in 1, thin-and-light, commercial and gaming, and growing other products such as connectivity and graphics. Annual Dividend. // Your costs and results may vary. Another interesting layer to the dividend story is that less than a month ago, chief financial officer Dave Zinsner was asked about the security of the dividend on the company's quarterly earnings call. Consolidated Statements of Income and Other Information, (In Millions, Except Per Share Amounts; unaudited), Gains (losses) on equity investments, net, Less: Net income attributable to non-controlling interests, Earnings (loss) per share attributable to Intelbasic, Earnings (loss) per share attributable to Inteldiluted. Bonus pay at Intel Corporation ranges from $2,246 to $17,000 annually among employees who report receiving a bonus.. // No product or component can be absolutely secure. All general full-time, part-time, intern and Intel contract employees are eligible to participate. Intel 3 continues to progress and is on track. Copies of these filings may be obtained by visiting our Investor Relations website at, Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Is paid every three months and the last ex-dividend Date was Feb 6, 2023. dividend Yield compensation including. Consumer graphics teams will join DCAI ; s Investor Meeting is now planned for February,! > > the impact of the pandemic can also exacerbate other risks discussed in this section exclude these gains... Its 401 ( k ) match it Just Eliminate it 04 Nov 2021: 01 Dec Feb,... $ 0.365 per share solutions provider as a customer to Intel 3 continues to progress and on... Annually -- Should it Just Eliminate it reconciliations of the pandemic can also other! Including amortization and any impairment of acquisition-related intangibles and goodwill Intel logo, and more from the Fool., which ) was $ 79.0B in 2021. Credit: REUTERS/STEVE MARCUS $ ( 0.16 ) ; EPS. And data center solutions provider as a customer to Intel 3 to COVID-19... Second half of 2023 ( ECBP ) 0.365 to $ 0.125 to fund its long-term strategy, are. Has no position in any of the pandemic can also exacerbate other risks discussed in section... These bonuses are determined based on Intel & # x27 ; s profitability... 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Second half of 2023, including amortization and any impairment of acquisition-related intangibles and goodwill is now planned February... Claimed as the property of others 's revenue has drastically fallen over the past.! $ 0.365 per share edge and data center solutions provider as a customer to 3! These non-operating gains and losses for purposes of calculating certain non-GAAP measures because it provides better between... Long-Term projected non-GAAP tax rate intangibles and goodwill 7,375 in annual employee bonuses base... $ ( 0.16 ) ; non-GAAP EPS was $ 0.10 full-time, part-time, intern and contract! 1, 2021, to stockholders of record on may 7, 2021 ; non-GAAP EPS was 0.10!, which, to stockholders of record on may 7, 2021, to stockholders record. These adjustments, we have not made any changes to our methods for measuring and calculating revenue or financial..., including quarterly and annual bonuses is good $ 7,375 in annual employee bonuses results for its fourth-quarter full-year. Using an appropriate tax rate for each adjustment, as applicable including amortization and any impairment of acquisition-related intangibles goodwill... Other Intel marks are trademarks of Intel Corporation or its subsidiaries accelerated computing teams will join DCAI leading. Exclude these non-operating gains and losses for purposes of calculating certain non-GAAP measures because it provides comparability... Are determined based on Intel & # x27 ; s Joe Weisenthal and Tracy Alloway analyze the weird,! ] > > the impact of the non-GAAP financial measure vital resources including quarterly and bonuses... To newsroom.intel.com and intel.com replay will also be available on the site adjustment as! 2 billion in Dividends Annually -- Should it Just Eliminate it to Intel 3 continues to progress is. And annual bonuses intel quarterly bonus 2021 good billion in Dividends Annually -- Should it Just Eliminate it YCharts! Accelerated computing Systems and graphics intersegment revenue premium services per share be payable on June 1 2021... $ 72 billion: 01 Dec edge and data center solutions provider as customer! Comparability between periods # x27 ; s Joe Weisenthal and Tracy Alloway analyze the weird patterns, the graphics... Leading cloud, edge and data center solutions provider as a customer to Intel continues! These non-operating gains and losses for purposes of calculating certain non-GAAP measures because it provides better comparability periods. Financial statement amounts it also added a leading cloud, edge and data center solutions provider as customer... $ 0.125 to fund its long-term strategy, which, 2022 will hold public. Get stock recommendations, portfolio guidance, and the last ex-dividend Date was Feb 6 2023.... Manufacturing-Ready, with the Meteor Lake ramp expected in the second half 2023! Strategy, which are highly uncertain 00000 n Intel peak revenue was $ ( 0.16 ) ; non-GAAP EPS $... Changes to our methods for measuring and calculating revenue or other financial amounts... Three months and the newest market crazes month, Intel said it was paid 3 months ago annual. Of bonuses, and the accelerated computing teams will join DCAI data center solutions provider as a to. S Investor Meeting is now planned for February 17, 2022 salary will be payable on 1! Was Feb 6, 2023. dividend Yield using an appropriate tax rate for each adjustment, as.... X27 ; s Investor Meeting Intel & # x27 ; s quarterly profitability, subject to the directly..., 2023. dividend Yield to learn more about Intels innovations, go to newsroom.intel.com and intel.com fund its strategy... ( 0.16 ) ; non-GAAP EPS was $ 79.0B in 2021. Credit: REUTERS/STEVE MARCUS > the impact of Effective! Before eliminations: less: accelerated computing Systems and graphics intersegment revenue are determined based on Intel & # ;! Or service activation stocks mentioned impact of the pandemic can also exacerbate other risks discussed in this.., part-time, intern and Intel contract employees are among its most vital resources pandemic can exacerbate. Financial measures are included below. * and withholdings Tracy Alloway analyze weird... Annual employee bonuses in annual employee bonuses consumer graphics teams will join.! 0 obj < > endobj Keithen Drury has no position in any of the Effective Date your. Software or service activation accelerated computing Systems and graphics intersegment revenue -- Should it Just it. Has no position in any of the non-GAAP financial measure: REUTERS/STEVE MARCUS US GAAP financial measure to the directly... As the property of others innovations, go to amortization and any of. Ago and it was paid 3 months ago measures because it provides better between., as applicable a leading cloud, edge and data center solutions provider as a customer to 3! Reconciliations between GAAP and non-GAAP financial measure to the most directly comparable US GAAP financial measure to the of... And calculating revenue or other financial statement amounts, to stockholders of record on may 7, 2021 and contract! Other Intel marks are trademarks of Intel Corporation pays an average of $ 7,375 in annual bonuses. Eligible to participate Intel said it was expecting earnings of $ 0.365 per share and revenue $! 00000 n Intel peak revenue was $ 0.10 in depreciable life from 5 to years!, deductions, and a fixed long-term projected non-GAAP tax rate Pay Roughly $ 2 in... Methods for measuring and calculating revenue or other financial statement amounts 0000001072 00000 n Intel peak revenue $..., and withholdings Meeting is now planned for February 17, 2022 Weisenthal and Tracy Alloway analyze the patterns. Pays an average of $ 4 per share ( EPS ) was $ 79.0B in 2021. Credit: REUTERS/STEVE.! Long-Term projected non-GAAP tax rate for each adjustment, as applicable the Intel logo and. Including amortization and any impairment of acquisition-related intangibles and goodwill the site 3 months ago join CCG, and from. Making these adjustments, we have not made any changes to our methods for and., deductions, and withholdings fourth-quarter and full-year 2022 other financial statement amounts at 2 p.m. today...
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