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

3 Months Ended

Apr. 01, 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
(In Millions, Except Per Share Amounts)	Apr 1, 2023		Apr 2, 2022
Net income (loss)	$	(2,768)	$	8,113
Less: Net income (loss) attributable to non-controlling interests	(10)		—
Net income (loss) attributable to Intel	(2,758)		8,113
Weighted average shares of common stock outstanding—basic	4,154		4,079
Dilutive effect of employee equity incentive plans	—		28

Weighted average shares of common stock outstanding—diluted	4,154		4,107
Earnings (loss) per share attributable to Intel—basic	$	(0.66)	$	1.99
Earnings (loss) per share attributable to Intel—diluted	$	(0.66)	$	1.98

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. Due to our net loss in the first three months of 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 antidilutive effect on diluted earnings per share.