Intel Investor Presentation — April 2022

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Chief Executive Officer

Earnings Presentation

Executive Vice President and

Chief Financial Officer

2• This presentation contains non -GAAP financial measures. Intel revenue, gross margin, and earnings per share, including year -over -year comparisons, are presented on a

non -GAAP basis except with respect to our Q1 2022 revenue, Q2 and full -year 2022 revenue outlook, or as otherwise indicated. Thi s presentation also includes a non -

GAAP adjusted free cash flow (FCF) measure. The Appendix provides a reconciliation of these measures to the most directly com parable GAAP financial measure. The

non -GAAP financial measures disclosed by Intel should not be considered a substitute for, or superior to, the financial measures prepared in accordance with GAAP.

Please refer to “Explanation of Non -GAAP Measures” in Intel's quarterly earnings release for a detailed explanation of the adjus tments made to the comparable GAAP

measures, the ways management uses the non -GAAP measures, and the reasons why management believes the non -GAAP measures provide investors with useful

supplemental information.

• Statements in this presentation that refer to business outlook, plans, and expectations are forward -looking statements that invo lve risks and uncertainties. Words such as

“achieve,” "aim," "anticipate," "believe," "continue,“ “committed,” “could,” "estimate," "expect," “forecast,” “future,” "goa l,"”grow,” “guide,” "intend," “likely,” “may,” "milestones,"

“momentum,” "objective," “on -track,” "opportunity," "outlook,” “pipeline,” "plans," “possible,” “potential,” “progress,” ”positi oned,” “ramp,” “roadmap,” "seek," “should,” "strive,"

"targets," “to be,” "will," “would,” and variations of such words and similar expressions are intended to identify such forwa rd-looking statements. Statements that refer to or