Intel Investor Presentation — August 2024

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Aug 1st, 20242nd Quarter

Earnings Presentation

Executive Vice President and

Chief Financial OfficerPat Gelsinger

Chief Executive Officer

Non -GAAP Financial Measures and Forward -Looking Statements

•This presentation contains non -GAAP financial measures. Intel gross margin percentage, operating income, and earnings per share attributable to Intel, including year -over -year comparisons, are presented

on a non -GAAP basis. This presentation also contains forward -looking estimates for non -GAAP R&D and MG&A and non -GAAP net capita l spending. The Appendix provides a reconciliation of these

measures to the most directly comparable GAAP financial measure. The non -GAAP financial measures disclosed by Intel should not b e considered a substitute for, or superior to, the financial measures

prepared in accordance with GAAP. Please refer to “Explanation of Non -GAAP Measures” in our earnings released dated August 1st, 2024 for a detailed explanation of the adjustments made to the

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

•Statements in this presentation that refer to business outlook, plans, and expectations are forward -looking statements that invo lve risks and uncertainties. Such statements may include, but not be limited to,

those regarding: our business plans and strategy and anticipated benefits therefrom; projections of our future financial perf orm ance, including future revenue, gross margins, capital expenditures, and cash

flows; future cash requirements and the availability and sufficiency of funding; expected returns to stockholders, such as stock repurchases and dividends; future p roducts, services and technologies, and the

expected goals, timeline, ramps, progress, availability, production, regulation and benefits of such products, services and t ech nologies, including future process nodes and packaging technology, product