However, sales of $10.9 billion and adjusted EPS of $1.37 topped Street's views.© 2020 AlphaStreet Inc. All Rights Reserved These adjustments facilitate a useful evaluation of our current operating performance and comparisons to past operating results and provide investors with additional means to evaluate expense trends. Sales of equity investmentsWe exclude amortization charges for our acquisition-related intangible assets for purposes of calculating certain non-GAAP measures because these charges are inconsistent in size and are significantly impacted by the timing and valuation of our acquisitions. 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, business plans, future products and technology and the expected availability and benefits of such products and technology, including our 10nm and 7nm process technologies and products, and anticipated trends in our businesses or the markets relevant to them, also identify forward-looking statements. Please refer to "Explanation of Non-GAAP Measures" in this document 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 useful information for investors. Desktop platform average selling pricesAdditions to property, plant and equipmentResearch and development (R&D)Identified intangible assets, net Accumulated other comprehensive income (loss)This non-GAAP financial measure is helpful in understanding our capital requirements and provides an additional means to evaluate the cash flow trends of our business.Intel achieved record second-quarter revenue with 34 percent data-centric revenue growth and 7 percent PC-centric revenue growth YoY.
Inspired by Moore’s Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers’ greatest challenges. That includes an adjusted EPS of 4.85 on revenue of $75 billion. All forward-looking statements included in this release are based on management's expectations as of the date of this release and, except as required by law, Intel disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
Income tax effects have been calculated using an appropriate tax rate for each adjustment. The rest of Intel’s earnings report showed that the chip maker continued to find strong demand for server and computer chips in the throes of the …
To learn more about Intel’s innovations, go to newsroom.intel.com and intel.com.Restructuring charges are costs associated with a formal restructuring plan and are primarily related to employee severance and benefit arrangements. Intel stock is down 15% despite beating on earnings and revenue expectations. The non-GAAP financial measure disclosed by the company has limitations and should not be considered a substitute for, or superior to, the financial measure prepared in accordance with GAAP, and the reconciliations from GAAP to Non-GAAP actuals should be carefully evaluated.
Intel Reports Second Quarter 2020 Financial Results. The company's 7nm-based CPU product timing is shifting approximately six months relative to prior expectations. These adjustments facilitate a useful evaluation of our current operating performance and comparisons to past operating results. Other current assets Accrued compensation and benefits Accounts payable Proceeds from sales of common stock through employee equity incentive plans Finished goods Purchases of trading assets Copies of these filings may be obtained by visiting our Investor Relations website at www.intc.com or the SEC's website at www.sec.gov.Weighted average shares of common stock outstanding—dilutedAll other category includes revenue, expenses, and charges such as: Accounts receivableAfter the initial mark-to-market adjustment is recorded upon a security becoming marketable, gains and losses are recognized from ongoing mark-to-market adjustments of our marketable equity securities. Short-term investmentsOur non-GAAP financial measures reflect adjustments based on one or more of the following items, as well as the related income tax effects where applicable.
We offer platform products that incorporate various components and technologies, including a microprocessor and chipset, a stand-alone SoC, or a multichip package.
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