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

Jul. 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				Six Months Ended
(In Millions, Except Per Share Amounts)	Jul 1, 2023		Jul 2, 2022		Jul 1, 2023		Jul 2, 2022
Net income (loss)	$	1,473	$	(454)	$	(1,295)	$	7,659
Less: Net income (loss) attributable to non-controlling interests	(8)		—		(18)		—
Net income (loss) attributable to Intel	1,481		(454)		(1,277)		7,659
Weighted average shares of common stock outstanding—basic	4,182		4,100		4,168		4,095
Dilutive effect of employee equity incentive plans	14		—		—		25

Weighted average shares of common stock outstanding—diluted	4,196		4,100		4,168		4,120
Earnings (loss) per share attributable to Intel—basic	$	0.35	$	(0.11)	$	(0.31)	$	1.87
Earnings (loss) per share attributable to Intel—diluted	$	0.35	$	(0.11)	$	(0.31)	$	1.86

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 for the six months ended July 1, 2023 and for the three months ended July 2, 2022, 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 those periods and were excluded.

Securities that were anti-dilutive were insignificant and were excluded from the computation of diluted earnings per share in all periods presented.