secwatch.observer — SEC 8-K summary
======================================

Issuer:     INTEL CORP (INTC)
CIK:        0000050863
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0000050863-22-000037
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50863/000005086322000037/0000050863-22-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50863/000005086322000037/intc-20221027.htm
  HTML page:      https://secwatch.observer/filing/0000050863-22-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer