Intel Corporation reported consolidated earnings results for the fourth quarter and full year ended December 30, 2017. For the fourth quarter, on GAAP basis, the company reported net revenue of $17,053 million against $16,374 million a year ago. Operating income was $5,395 million against $4,526 million a year ago. Income before taxes was $6,035 million against $4,440 million a year ago. Net loss was $687 million or $0.15 per basic and diluted share against income of $3,562 million or $0.73 per diluted share a year ago. On Non-GAAP basis, the company reported net revenue of $17,053 million against $16,374 million a year ago. Operating income was $5,933 million against $4,899 million a year ago. Net income was $5,181 million or $1.08 per diluted share against $3,865 million or $0.79 per diluted share a year ago.

For the year, the company reported net revenue of $62,761 million against $59,387 million a year ago. Operating income was $17,936 million against $12,874 million a year ago. Income before taxes was $20,352 million against $12,936 million a year ago. Net income was $9,601 million or $1.99 per diluted share against $10,316 million or $2.12 per diluted share a year ago. On Non-GAAP basis, the company reported net revenue of $62,761 million against $59,486 million a year ago. Operating income was $19,577 million against $16,542 million a year ago. Net income was $16,753 million or $3.46 per diluted share against $13,239 million or $2.72 per diluted share a year ago.

The company provided earnings guidance for the first quarter and full year of 2018. For the first quarter of 2018, on GAAP basis, the company expects revenue of $15.0 billion plus or minus $500 million, tax rate of 14% approximately and earnings per share of $0.65 plus or minus 5 cents. On Non-GAAP basis, the company expects revenue of $15.0 billion plus or minus $500 million, tax rate of 14% approximately and earnings per share of $0.70 plus or minus 5 cents.

For the year 2018, on GAAP basis, the company expects revenue of $65.0 billion plus or minus $1.0 billion, tax rate of 14% approximately and earnings per share of $3.30 plus or minus 5%. Cash from operations of $27.0 million. Capital spending of $14.0 billion plus or minus $500 million. Net capital deployed of $12.0 billion plus or minus $500 million. On Non-GAAP basis, the company expects revenue of $65.0 billion plus or minus $1.0 billion, tax rate of 14% approximately and earnings per share of $3.55 plus or minus 5%. Capital spending of $14.0 billion plus or minus $500 million. Net capital deployed of $12.0 billion plus or minus $500 million. Free cash flow of $13.0 billion plus or minus $500 million.