Intel : 2020 Q3 Earnings Releases

This presentation contains non-GAAP financial measures. Earnings per share (EPS), gross margin, and operating margin are presented on a non-GAAP basis unless otherwise indicated, and this presentation also includes a non-GAAP free cash flow (FCF) measure. 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 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 reasons why management believes the non-GAAP measures provide investors with useful supplemental information.

Statements in this presentation that refer to business outlook, future plans, and expectations are forward-looking statements that involve a number of risks and uncertainties. Words such as "anticipate," "expect," "intend," "goals," "plans," "believe," "seek," "estimate," "continue," "committed," "on-track," "positioned," "launching," "may," "will," "would," "should," "could," "to be," and variations of such words and similar expressions are intended to identify such forward-looking

statements. Statements that refer to or are based on estimates, forecasts, projections, uncertain events or assumptions, including statements relating to total addressable market (TAM) or market opportunity; future impacts of the COVID-19 pandemic; future macroeconomic conditions; future products and technology and the expected availability and benefits of such products and technology, including with respect to our 10nm and 7nm process technologies, products and product volumes; the pending sale of our NAND memory business to SK hynix, including its future financial impacts; the settlement of our accelerated share repurchase agreements; expectations regarding capital return practices and share repurchases; supply expectations; and anticipated trends in our businesses or the markets relevant to them; also identify forward-looking statements. Such statements are based on management's expectations as of October 22, 2020 and involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Important factors that could cause actual results to differ materially from the company's expectations are set forth in Intel's earnings release dated October 22, 2020 , which is included as an exhibit to Intel's Form 8-K furnished to the SEC on such date. Risks and uncertainties related to the pending sale of our NAND memory business to SK hynix are described in Intel's Form 8-K filed with the SEC on October 20, 2020. Additional information regarding these and other factors that could affect Intel's results is included in Intel's SEC filings, including the company's most recent reports on Forms 10-K and 10-Q. Copies of Intel's Form 10-K,10-Q and 8-K reports may be obtained by visiting our Investor Relations website at www.intc.com or the SEC's website at www.sec.gov.

All information in this presentation reflects management's views as of October 22, 2020. Intel does not undertake, and expressly disclaims any duty, to update any statement made in this presentation, whether as a result of new information, new developments or otherwise, except to the extent that disclosure may be required by law.

1. "World's best thin-and-light notebook CPU" as measured by unique features and testing of the Intel® Core™ i7-1185G7 processor on industry benchmarks and Representative Usage Guides, including in comparison to AMD Ryzen 7 4800U. For more complete information about performance and benchmark results, visit www.intel.com/11thgen.