Intel Q3 GAAP EPS $1.67 (+64% YoY) beats guide by $0.61; raises FY21 outlook; CFO to retire May 2022

INTEL CORP

2021-Q3 EPS reported $3.73 revenue$58,496,000,000

GAAP revenue $19.2B (+5% YoY), GAAP EPS $1.67, up 64% YoY; non-GAAP EPS $1.71 exceeded July guidance by $0.61.
Raises full-year 2021 GAAP EPS guidance to $4.50 and non-GAAP EPS to $5.28; GAAP gross margin 55%.
Record Q3 revenue in IOTG ($1.0B, +54%), DCG ($6.5B, +10%), and Mobileye ($326M, +39%).
CFO George Davis to retire in May 2022; will serve until successor appointed.
Operating cash flow $9.9B; dividends paid $1.4B.

item 2.02 item 5.02 item 9.01

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Departed

George S. Davis

Executive Vice President and CFO

INTC · INTEL CORP

Effective: 2022-05-01
Filed: October 21, 2021, 7:59 PM ET

On October 18, 2021, George S. Davis, Executive Vice President and CFO of Intel, notified Intel that he has decided to retire from the company in May 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

George S. Davis departed as Executive Vice President and CFO at INTEL CORP.

Action: decided to retire
Role: Executive Vice President and CFO

Exact text from the filing

On October 18, 2021, George S. Davis, Executive Vice President and CFO of Intel, notified Intel that he has decided to retire from the company in May 2022.

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INTEL CORP filing history →

Source: SEC EDGAR

accession 0000050863-21-000037

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