secwatch.observer — SEC 8-K summary
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Issuer:     INTEL CORP (INTC)
CIK:        0000050863
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000050863-24-000147
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intel Q3 GAAP EPS $(3.88) on $15.9B charges; to cut 16,500 jobs
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- Q3 revenue $13.3B (down 6% YoY); GAAP EPS $(3.88) vs $(0.07) YoY.
- Non-GAAP EPS $(0.46); guided Q4 non-GAAP EPS $0.12.
- Approved headcount reduction of 16,500; $2.8B restructuring charges in Q3.
- $15.9B impairment charges, including $9.9B tax-valuation allowance and $2.9B goodwill (Mobileye).
- Q4 revenue forecast $13.3-14.3B; GAAP gross margin 36.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/50863/000005086324000147/0000050863-24-000147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/50863/000005086324000147/intc-20241028.htm
  HTML page:      https://secwatch.observer/filing/0000050863-24-000147

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