FY’19 free cash flow ($16.9B) is GAAP cash from operations ($33.1B) minus capital expenditures ($16.2B). Q4 non-GAAP EPS ($1.52) is Q4 GAAP EPS ($1.58) after adjustment for acquisition-related adjustments ($0.07), restructuring and other charges ($0.02), (gains) losses from divesture (<$0.16>), ongoing mark-to-market on marketable equity securities (<$0.02>), and income tax effect ($0.03). For a full explanation of these non-GAAP measures, see Intel’s Q4 2019 earnings release at intc.com. Our FY 2020 outlook and other statements about future plans, expectations, and opportunities are forward-looking statements. They are based on current expectations as of January 23, 2020, but are subject to many risks and uncertainties that could cause actual results to differ materially from those anticipated. Important factors that could cause actual results to differ materially are set forth in Intel’s Q4 2019 earnings release at intc.com, and our most recent reports on Forms 10-K and 10-Q, available at intc.com and sec.gov. FY‘19 CASH & SHAREHOLDER RETURNS HIGHLIGHTS TOTAL Q4’19 REVENUE ~ $ 5 B NETWORKING ~ $ 4.7 B IOTG & MOBILEYE ~ $ 3.8 B ARTIFICIAL INTELLIGENCE * *Includes AI-related revenue across all business segments, including IOTG and Mobileye. KEY OPPORTUNITIES (FY ‘19 REVENUE) $ 16.9 B FREE CASH FLOW $ 5.6 B PAID DIVIDENDS $ 13.6 B SHARE REPURCHASES NASDAQ: INTC CLIENT COMPUTING GROUP (CCG) DATA-CENTRIC $ 10.0B 2 % 13 % DATA CENTER GROUP (DCG) $ 7.2B 19 % INTERNET OF THINGS GROUP (IOTG) $ 920M 31 % MOBILEYE (MBLY) $ 240M 10 % NON-VOLATILE MEMORY SOLUTIONS GROUP (NSG) $ 1.2B 17 % PROGRAMMABLE SOLUTIONS GROUP (PSG) $ 505M PC-CENTRIC In 2019, we gained share in an expanded addressable market that demands more performance to process, move and store data. One year into our long-term financial plan, we have outperformed our revenue and EPS expectations. Looking ahead, we are investing to win the technology inflections of the future, play a bigger role in the success of our customers and increase shareholder returns. – BOB SWAN, INTEL CEO LAUNCHED ONEAPI PROGRAMMING MODEL MOBILEYE AND NIO PARTNER ON LEVEL 4 AUTONOMOUS CARS PC ADOPTION GROWS FOR 10NM-BASED INTEL PROCESSORS ACQUIRED HABANA LABS FOR DATA CENTER AI YOY YOY P C - C E N T R I C = $ 1 0 . 0 B 2 % $ 20.2 B RECORD QTR D A T A - C E N T R I C = $ 1 0 . 2 B 1 5 % CCG DCG IOTG MBLY NSG PSG INTEL Q4 & FY 2019 RESULTS 6 % YOY 2 % 8 % FY‘19 REVENUE FY’20 REVENUE OUTLOOK $ 72 B 2 % RECORD $ 73.5 B FY’19 NON-GAAP EPS $ 4.87 19 % YOY Q4’19 NON-GAAP EPS $ 1.52

INTEL Q4 & FY 2019 RESULTS...uncertainties that could cause actual results to differ materially from those anticipated. Important factors that could cause actual results to differ

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Page 1: INTEL Q4 & FY 2019 RESULTS...uncertainties that could cause actual results to differ materially from those anticipated. Important factors that could cause actual results to differ

Our FY 2020 outlook and other statements about future plans, expectations, and opportunities are forward-looking statements. They are based on current expectations as of January 23, 2020, but are subject to many risks and uncertainties that could cause actual results to differ materially from those anticipated. Important factors that could cause actual results to differ materially are set forth in Intel’s Q4 2019 earnings release at intc.com, and our most recent reports on Forms 10-K and 10-Q, available at intc.com and sec.gov.

F Y ‘ 19 C ASH & SHAREHOLDER RE TURNS

HIGHLIGHTS

TOTAL Q4’ 19 RE VENUE

~$5BNET WORKING

~$4.7BIOTG &

MOBILEYE

~$3.8BARTIFICIAL

INTELLIGENCE

*Includes AI-related revenue across all business segments, including IOTG and Mobileye.

KEY OPPORTUNITIES (FY ‘19 REVENUE)

$16.9BFREE CASH

FLOW

$5.6BPAID

DIVIDENDS

$13.6BSHARE

REPURCHASES

NASDAQ: INTC

CLIENT COMPUTING GROUP (CCG)

DATA-CENTRIC

$10.0B 2%

13%

DATA CENTER GROUP (DCG) $7.2B 19%

INTERNET OF THINGS GROUP (IOTG) $920M

31%MOBILEYE (MBLY) $240M

10%NON-VOLATILE MEMORY SOLUTIONS GROUP (NSG)

$1.2B

17%PROGRAMMABLE SOLUTIONS GROUP (PSG)

$505M

PC-CENTRIC

In 2019, we gained share in an expanded addressable market that demands more performance to process, move and store data. One year into our long-term financial plan, we have outperformed our revenue and EPS expectations. Looking ahead, we are investing to win the technology inflections of the future, play a bigger role in the success of our customers and increase shareholder returns.

– BOB SWAN, INTEL CEO

L AUNCHED ONEAPI PROGR AMMING MODEL

MOBILEYE AND NIO PARTNER ON LEVEL 4 AUTONOMOUS CARS

PC ADOPTION GROWS FOR 10NM-BASED INTEL PROCESSORS

ACQUIRED HABANA L ABS FOR DATA CENTER AI

YOY

PC-CENTRIC

= $10.0B 2%

$20.2BRECORD QTR

DATA-CEN

TRIC

= $ 1