Intel Investor Presentation — July 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 Q2 2022 revenue, Q3 and full -year 2022 revenue outlook, or as otherwise indicated. This presentation also in cludes a non -GAAP adjusted free cash flow (FCF) measure. The

Appendix provides a reconciliation of these measures to the most directly comparable GAAP financial measure. The non -GAAP financ ial 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 adjustments made to the comparable GAAP measures, the ways management uses the non -GAAP measures, and the rea sons 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 “accelerate,” “achieve,”

“adjust,” “allow,” "anticipate," "believe," “committed,” "continue,“ “could,” “deliver,” "estimate," “expand,” "expect," “foc us,” “forecast,” “future,” "goal," ”grow,” “guide,” “improve,” “increasing,” “manage,”

“may,” “on -track,” "opportunity," "outlook,” "plan," ”positioned,” “potential,” “progress,” “ramp,” “refocus,” “regain,” “roadma p,” “sharpen,” “should,” “support,” "will," “would,” and variations of such words

and similar expressions are intended to identify such forward -looking statements. Statements that refer to or are based on estim ates, forecasts, projections, uncertain events or assumptions,