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They had a loss last quarter of $700 million [1]. They had a loss of $500 million in Q2 of 2022 [2] [1] https://www.intc.com/news-events/press-releases/detail/
by graton 4y ago
They had a loss last quarter of $700 million [1]. They had a loss of $500 million in Q2 of 2022 [2]
[1] https://www.intc.com/news-events/press-releases/detail/1600/intel-reports-fourth-quarter-and-full-year-2022-financial https://www.intc.com/news-events/press-releases/detail/1600/...
[2] https://www.intc.com/news-events/press-releases/detail/1563/intel-reports-second-quarter-2022-financial-results https://www.intc.com/news-events/press-releases/detail/1563/...
- elihu 4y agoGood point: it was a loss according to GAAP, but the non-GAAP results weren't a loss. Whereas it looks like they're projecting a non-GAAP loss as well next quarter. (I don't know what the relevant differences are here on GAAP vs non-GAAP.)
- graton 4y agoGAAP = Generally Accepted Accounting Principles non-GAAP = Whatever we decide? :) Okay, I don't really know. Real info: https://www.investopedia.com/articles/financial-analysis/062716/gaap-vs-nongaap-which-should-you-consider-evaluation.asp https://www.investopedia.com/articles/financial-analysis/062...
- elihu 4y agoYeah, non-GAAP is basically, "we've decided to account for certain things differently because the standard accounting rules would be misleading in our business." Companies could abuse non-GAAP reporting, but there's nothing particularly unusual or nefarious about reporting non-GAAP numbers along with the required GAAP numbers, or treating the former as the more accurate representation of reality.