Intel Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

9 Months Ended

Sep. 30, 2023


Note 4 :			Earnings (Loss) Per Share

We computed basic earnings (loss) per share of common stock based on the weighted average number of shares of common stock outstanding during the period. We computed diluted earnings (loss) per share of common stock based on the weighted average number of shares of common stock outstanding plus potentially dilutive shares of common stock outstanding during the period.


	Three Months Ended				Nine Months Ended
(In Millions, Except Per Share Amounts)	Sep 30, 2023		Oct 1, 2022		Sep 30, 2023		Oct 1, 2022
Net income (loss)	$	310	$	1,019	$	(985)	$	8,678
Less: Net income (loss) attributable to non-controlling interests	13		—		(5)		—
Net income (loss) attributable to Intel	297		1,019		(980)		8,678
Weighted average shares of common stock outstanding—basic	4,202		4,118		4,180		4,104
Dilutive effect of employee equity incentive plans	27		7		—		19

Weighted average shares of common stock outstanding—diluted	4,229		4,125		4,180		4,123
Earnings (loss) per share attributable to Intel—basic	$	0.07	$	0.25	$	(0.23)	$	2.11
Earnings (loss) per share attributable to Intel—diluted	$	0.07	$	0.25	$	(0.23)	$	2.10

Potentially dilutive shares of common stock from employee equity incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options, the assumed vesting of outstanding RSUs, and the assumed issuance of common stock under the stock purchase plan. Securities that were anti-dilutive were insignificant and were excluded from the computation of diluted earnings per share in all periods presented.

Due to our net loss in the nine months ended September 30, 2023, the assumed exercise of outstanding stock options, the assumed vesting of outstanding RSUs, and the assumed issuance of common stock under the stock purchase plan had an anti-dilutive effect on diluted loss per share for the period and were excluded.