Intel Fourth-Quarter Revenue $10.2 Billion; EPS 40 Cents; Record Quarterly and Annual Revenue and Operating Income; Record Quarterly Unit Shipments of Mobile, Desktop and Server Microprocessors


Earnings Webcast

Intel will hold a public webcast at 2:30 p.m. PST today on its Investor Relations Web site at www.intc.com, with a replay available until April 19.

Intel, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom.

Intel, the Intel logo, Intel Core, Intel Viiv and Intel Centrino are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries.

(a) Other names and brands may be claimed as the property of others.

                          INTEL CORPORATION
              CONSOLIDATED SUMMARY INCOME STATEMENT DATA
               (In millions, except per share amounts)

                                      Three Months     Twelve Months
                                          Ended            Ended
                                    ---------------- -----------------

                                   Dec. 31, Dec. 25, Dec. 31, Dec. 25,
                                     2005     2004     2005     2004
                                   -------- -------- -------- --------
NET REVENUE                        $10,201   $9,598  $38,826  $34,209
Cost of sales                        3,901    4,221   15,777   14,463
                                   --------  ------- -------- --------
GROSS MARGIN                         6,300    5,377   23,049   19,746
                                   --------  ------- -------- --------

Research and development             1,362    1,214    5,145    4,778
Marketing, general and
 administrative                      1,606    1,225    5,688    4,659
Amortization of acquisition-related
 intangibles and costs                  23       38      126      179
                                   --------  ------- -------- --------
OPERATING EXPENSES                   2,991    2,477   10,959    9,616
                                   --------  ------- -------- --------
OPERATING INCOME                     3,309    2,900   12,090   10,130
Losses on equity securities, net       (25)      (3)     (45)      (2)
Interest and other, net                178      130      565      289
                                   --------  ------- -------- --------
INCOME BEFORE TAXES                  3,462    3,027   12,610   10,417
Income taxes                         1,009      904    3,946    2,901
                                   --------  ------- -------- --------
NET INCOME                         $ 2,453   $2,123  $ 8,664  $ 7,516
                                   ========  ======= ======== ========

BASIC EARNINGS PER SHARE           $  0.41   $ 0.34  $  1.42  $  1.17
                                   ========  ======= ======== ========
DILUTED EARNINGS PER SHARE         $  0.40   $ 0.33  $  1.40  $  1.16
                                   ========  ======= ======== ========

COMMON SHARES OUTSTANDING            6,008    6,294    6,106    6,400
COMMON SHARES ASSUMING DILUTION      6,081    6,352    6,178    6,494



                          INTEL CORPORATION
               CONSOLIDATED SUMMARY BALANCE SHEET DATA
                            (In millions)

                                            Dec. 31, Oct. 1,  Dec. 25,
                                                                               2005          2005          2004
                                                                                        --------  --------  --------
CURRENT  ASSETS
Cash  and  short-term  investments                          $11,314    $11,951    $14,061
Trading  assets                                                                1,458        1,982        3,111
Accounts  receivable                                                      3,914        3,748        2,999
Inventories:
    Raw  materials                                                                  409            381            388
    Work  in  process                                                          1,662        1,434        1,418
    Finished  goods                                                            1,055        1,000            815
                                                                                        --------  --------  --------
                                                                                            3,126        2,815        2,621
Deferred  tax  assets  and  other                                  1,382        1,228        1,266
                                                                                        --------  --------  --------
    Total  current  assets                                              21,194      21,724      24,058

Property,  plant  and  equipment,  net                      17,111      16,825      15,768
Marketable  strategic  equity  securities                    537            520            656
Other  long-term  investments                                      4,135        3,047        2,563
Goodwill                                                                            3,873        3,814        3,719
Other  assets                                                                    1,464        1,430        1,379
                                                                                        --------  --------  --------

    TOTAL  ASSETS                                                            $48,314    $47,360    $48,143
                                                                                        ========  ========  ========

CURRENT  LIABILITIES
Short-term  debt                                                          $      313    $      252    $      201
Accounts  payable  and  accrued  liabilities            6,453        6,654        6,050
Deferred  income  on  shipments  to
    distributors                                                                    632            692            592
Income  taxes  payable                                                    2,008        1,901        1,163
                                                                                        --------  --------  --------
    Total  current  liabilities                                      9,406        9,499        8,006

LONG-TERM  DEBT                                                                2,106            432            703
DEFERRED  TAX  LIABILITIES                                                620            753            855

STOCKHOLDERS'  EQUITY                                                  36,182      36,676      38,579
                                                                                        --------  --------  --------

    TOTAL  LIABILITIES  AND
        STOCKHOLDERS'  EQUITY                                        $48,314    $47,360    $48,143
                                                                                        ========  ========  ========


                                                    INTEL  CORPORATION
                          SUPPLEMENTAL  FINANCIAL  AND  OTHER  INFORMATION
                                                        (In  millions)

                                                                                        Q4  2005    Q3  2005    Q4  2004
                                                                                        --------  --------  --------
GEOGRAPHIC  REVENUE:
    Asia-Pacific                                                              $5,132      $5,124      $4,421
                                                                                                  50%            52%            46%
    Americas                                                                      $1,836      $1,903      $2,047
                                                                                                  18%            19%            21%
    Europe                                                                          $2,288      $2,007      $2,277
                                                                                                  23%            20%            24%
    Japan                                                                                $945          $926          $853
                                                                                                    9%              9%              9%

CASH  INVESTMENTS:
Cash  and  short-term  investments                          $11,314    $11,951    $14,061
Trading  assets  -  fixed  income  (1)                          1,095        1,632        2,772
                                                                                        --------  --------  --------
Total  cash  investments                                            $12,409    $13,583    $16,833

INTEL  CAPITAL  PORTFOLIO:
Marketable  strategic  equity  securities                  $537          $520          $656
Other  strategic  investments                                          595            553            513
                                                                                        --------  --------  --------
Total  Intel  Capital  portfolio                                $1,132      $1,073      $1,169

TRADING  ASSETS:
Trading  assets  -  equity  securities
    offsetting  deferred  compensation  (2)                  $363          $350          $339
Total  trading  assets  -  sum  of  1+2                        $1,458      $1,982      $3,111

SELECTED  CASH  FLOW  INFORMATION:
Depreciation                                                                  $1,050      $1,055      $1,144
Amortization  of  acquisition-related
    intangibles  &  costs                                                      $23            $29            $38
Capital  spending                                                        ($1,359)  ($1,282)  ($1,031)
Stock  repurchase  program                                        ($3,137)  ($2,500)  ($2,000)
Proceeds  from  sales  of  shares  to
    employees,  tax  benefit  &  other                              $211          $444          $168
Dividends  paid                                                                ($482)      ($486)      ($252)
Net  cash  used  for  acquisitions                                  ($88)        ($22)            $0

EARNINGS  PER  SHARE  INFORMATION:
Average  common  shares  outstanding                          6,008        6,062        6,294
Dilutive  effect  of  stock  options                                  64              82              58
Dilutive  effect  of  convertible  debt                              9            N/A            N/A
Common  shares  assuming  dilution                              6,081        6,144        6,352

STOCK  BUYBACK:
Shares  repurchased                                                        118.0          93.6          89.0
Cumulative  shares  repurchased                              2,604.9    2,486.9    2,186.5
Dollars  authorized  for  buyback  (in
  billions)                                                                        $25.0            N/A            N/A
Remaining  dollars  authorized  for
    buyback  (in  billions)                                              $21.9            N/A            N/A

OTHER  INFORMATION:
Employees  (in  thousands)                                              99.9          96.0          85.0



                                                    INTEL  CORPORATION
                  SUPPLEMENTAL  OPERATING  RESULTS  AND  OTHER  INFORMATION
                                                      ($  in  millions)


                                                                          Q4            Q3          Q2          Q1          Q4
OPERATING  SEGMENT  INFORMATION:            2005        2005      2005      2005      2004
----------------------------------  -------  ------  ------  ------  ------

Digital  Enterprise  Group
    Microprocessor  revenue                        4,929    4,936    4,603    4,944    5,256
    Chipset,  motherboard
        and  other  revenue                              1,476    1,434    1,398    1,417    1,517
    Net  revenue                                              6,405    6,370    6,001    6,361    6,773
    Operating  income                                    2,449    2,162    2,012    2,383    2,450

----------------------------------  -------  ------  ------  ------  ------
Mobility  Group
    Microprocessor  revenue                        2,400    2,331    2,056    1,917    1,710
    Chipset  and  other  revenue                      705        639        566        517        425
    Net  revenue                                              3,105    2,970    2,622    2,434    2,135
    Operating  income                                    1,547    1,431    1,221    1,131        951

----------------------------------  -------  ------  ------  ------  ------
Flash  Memory  Group
    Net  revenue                                                  600        572        528        578        643
    Operating  loss                                            (12)      (30)      (80)      (32)      (57)

----------------------------------  -------  ------  ------  ------  ------
All  Other
    Net  revenue                                                    91          48          80          61          47
    Operating  loss                                          (675)    (463)    (504)    (450)    (444)

----------------------------------  -------  ------  ------  ------  ------
Total
    Net  revenue                                            10,201    9,960    9,231    9,434    9,598
    Operating  income                                    3,309    3,100    2,649    3,032    2,900
----------------------------------  -------  ------  ------  ------  ------



                                                    INTEL  CORPORATION
      SUPPLEMENTAL  OPERATING  RESULTS  AND  OTHER  INFORMATION  (CONTINUED)
                                                      ($  in  millions)

OPERATING  SEGMENT  INFORMATION:                                      2005        2004        2003
----------------------------------------------  -------  -------  -------

Digital  Enterprise  Group
    Microprocessor  revenue                                              19,412    19,426    17,991
    Chipset,  motherboard  and  other  revenue                5,725      5,352      5,068
    Net  revenue                                                                    25,137    24,778    23,059
    Operating  income                                                            9,006      8,851      8,017

----------------------------------------------  -------  -------  -------
Mobility  Group
    Microprocessor  revenue                                                8,704      5,667      4,120
    Chipset  and  other  revenue                                          2,427      1,314          966
    Net  revenue                                                                    11,131      6,981      5,086
    Operating  income                                                            5,330      2,833      1,743

----------------------------------------------  -------  -------  -------
Flash  Memory  Group
    Net  revenue                                                                      2,278      2,285      1,608
    Operating  loss                                                                  (154)      (149)      (152)

----------------------------------------------  -------  -------  -------
All  Other
    Net  revenue                                                                          280          165          388
    Operating  loss                                                              (2,092)  (1,405)  (2,075)

----------------------------------------------  -------  -------  -------
Total
    Net  revenue                                                                    38,826    34,209    30,141
    Operating  income                                                          12,090    10,130      7,533

During  the  first  quarter  of  2005,  the  company  reorganized  its
operating  segments  to  bring  all  major  product  groups  in  line  with  the
company's  strategy  to  design  and  deliver  technology  platforms.  The
operating  segments  after  the  first  quarter  reorganization  included  the
Digital  Enterprise  Group,  the  Mobility  Group,  the  Digital  Home  Group,
the  Digital  Health  Group  and  the  Channel  Platforms  Group.  In  the
fourth  quarter  of  2005,  the  company  added  the  Flash  Memory  Group.  The
Digital  Enterprise  Group  and  the  Mobility  Group  are  reportable
operating  segments.  The  Flash  Memory  Group,  Digital  Home  Group,
Digital  Health  Group  and  Channel  Platforms  Group  operating  segments  do
not  meet  the  quantitative  thresholds  for  reportable  segments;  however,
the  Flash  Memory  Group  is  reported  separately  as  management  believes
this  information  is  useful  to  readers.  The  Digital  Home  Group,  Digital
Health  Group  and  Channel  Platforms  Group  operating  segments  are
included  within  the  "all  other"  category.  All  prior  period  amounts
have  been  adjusted  retrospectively  to  reflect  the  new  organizational
structure  and  certain  minor  reorganizations  effected  through  the
fourth  quarter  of  2005.

The  Digital  Enterprise  Group  operating  segment's  products  include
microprocessors  and  related  chipsets  and  motherboards  designed  for  the
desktop  (including  consumer  desktop)  and  enterprise  computing  market
segments,  communications  infrastructure  components  such  as  network
processors  and  embedded  microprocessors,  wired  connectivity  devices
and  products  for  network  and  server  storage.  The  Mobility  Group
operating  segment's  products  include  microprocessors  and  related
chipsets  designed  for  the  notebook  computing  market  segment,  wireless
connectivity  products,  application  and  cellular  processors  used  in
cellular  handsets  and  handheld  computing  devices,  and  cellular
baseband  chipsets.  The  Flash  Memory  Group  operating  segment's  products
include  NOR  flash  memory  products  designed  for  cellular  phones  and
embedded  form  factors.  Revenue  for  the  "all  other"  category  primarily
consists  of  microprocessors  and  related  chipsets  sold  by  the  Digital
Home  Group.

The  "all  other"  category  includes  certain  corporate-level  operating
expenses,  including  a  portion  of  profit-dependent  bonus  and  other
expenses  not  allocated  to  the  operating  segments.  "All  other"  also
includes  the  results  of  operations  of  seed  businesses  that  support  the
company's  initiatives.  Finally,  "all  other"  includes
acquisition-related  costs.  In  2003,  acquisition-related  costs  included
a  goodwill  impairment  charge  of  $611  million.
 


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