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

6 Months Ended

Jun. 29, 2024


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				Six Months Ended
(In Millions, Except Per Share Amounts)	Jun 29, 2024		Jul 1, 2023		Jun 29, 2024		Jul 1, 2023
Net income (loss)	$	(1,654)	$	1,473	$	(2,091)	$	(1,295)
Less: Net income (loss) attributable to non-controlling interests	(44)		(8)		(100)		(18)
Net income (loss) attributable to Intel	$	(1,610)	$	1,481	$	(1,991)	$	(1,277)
Weighted average shares of common stock outstanding—basic	4,267		4,182		4,254		4,168
Dilutive effect of employee equity incentive plans	—		14		—		—

Weighted average shares of common stock outstanding—diluted	4,267		4,196		4,254		4,168
Earnings (loss) per share attributable to Intel—basic	$	(0.38)	$	0.35	$	(0.47)	$	(0.31)
Earnings (loss) per share attributable to Intel—diluted	$	(0.38)	$	0.35	$	(0.47)	$	(0.31)

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 losses in the three and six months ended June 29, 2024 and the six months ended July 1, 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 these periods and were excluded from the computation of diluted loss per share.