---
schema_version: "secwatch.filing_event.v1"
accession: "0000050863-22-000037"
form_type: "8-K"
ticker: "INTC"
cik: "0000050863"
company_name: "INTEL CORP"
filed_at: "2022-10-27T23:59:59+00:00"
generated_at: "2026-06-23T00:21:30.769142+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Intel reports Q3 revenue $15.3B (-20% YoY), GAAP EPS $0.25; cuts FY22 revenue guidance to $63-64B

## Summary
- Q3 GAAP revenue $15.3B, down 20% YoY; non-GAAP EPS $0.59, down 59% YoY.
- GAAP net income $1.0B, down 85% YoY; restructuring charges of $664M for cost reductions.
- Targeting $3B in cost savings in 2023, growing to $8-10B annualized by end of 2025.
- Full-year 2022 revenue guidance cut to $63-64B from prior $65-68B, citing macro headwinds.
- Mobileye went public on Nasdaq this week; Intel holds majority stake.

## SEC filing metadata
- accession: 0000050863-22-000037
- form_type: 8-K
- ticker: INTC
- cik: 0000050863
- company_name: INTEL CORP
- filed_at: 2022-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/50863/000005086322000037/0000050863-22-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/50863/000005086322000037/intc-20221027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000050863-22-000037
- JSON: https://secwatch.observer/filing/0000050863-22-000037.json
- Plain text: https://secwatch.observer/filing/0000050863-22-000037.txt

## Key facts
- Earnings Releases
  INTEL CORP updated its third quarter ended October 1, 2022 guidance (lowered).
  - Period: third quarter ended October 1, 2022
  - Guidance: lowered
  - Result: reported results
  source text: On October 27, 2022, Intel Corporation (“Intel”) issued a press release announcing the financial results of its third quarter ended October 1, 2022 and forward-looking statements relating to its fourth quarter and full year 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/50863/000005086322000037/0000050863-22-000037-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.