Core Viewpoint - Intel Corp. shares declined by up to 5% in after-hours trading following a first-quarter outlook that fell short of Wall Street expectations, dampening optimism regarding its turnaround efforts [1] Financial Performance - Intel forecasted first-quarter revenue of approximately $12.2 billion, below the average estimate of $12.6 billion [1] - The company expects to break even on an earnings-per-share basis, contrasting with analysts' projections of $0.08 [1] - In the fourth quarter, Intel reported earnings of $0.15 per share, surpassing last year's $0.13 and the expected $0.09 [3] - Revenue for the fourth quarter was $13.7 billion, a 4% decline from the previous year but above forecasts of $13.4 billion [3] Market Dynamics - The cautious outlook follows a better-than-expected fourth quarter, highlighting the challenges Intel faces in balancing short-term cost pressures with long-term investments in artificial intelligence and advanced manufacturing [2] - Demand for CPUs, particularly in data centers for AI workloads, is rising, as noted by CEO Lip-Bu Tan [3][4] - Intel's adjusted gross margin was 37.9%, down from 42.1% a year ago but better than estimates [4] Competitive Landscape - Intel remains the only large-scale US producer of leading-edge chips, supported by the federal government, positioning it against Asian manufacturing rivals [6] - The company faces intense competition from Advanced Micro Devices and Arm-based designs, while Nvidia leads in AI accelerators [6] Investor Sentiment - Wall Street sentiment towards Intel has improved recently due to stronger demand for traditional CPUs and excitement around upcoming Panther Lake chips for AI-powered PCs [7] - Despite a nearly 12% increase in shares this month, the momentum is now under scrutiny due to rising costs for memory and storage components, which could impact demand for Intel-based servers and PCs [8]

每经AI快讯，1月23日，英特尔去年第四季度营收136.7亿美元，同比减少4.1%，市场预估134.3亿美 元；第四季度调整后每股收益0.15美元，上年同期0.13美元，预估0.09美元。英特尔预计第一季度调整 后每股收益0.0美元，市场预估0.08美元；预计第一季度营收117亿美元至127亿美元，预估125.6亿美 元。英特尔盘后跌超5%。 （文章来源：每日经济新闻） ...

The troubled chip maker saw its revenue sag 3.9% year-over-year to $13.7 billion. ...

Financial Performance - Q4 2025 revenue was $13.7 billion, down 4% year-over-year, while full-year revenue was $52.9 billion, flat year-over-year[7]. - Q4 2025 gross margin was 36.1%, down 3.1 percentage points from Q4 2024, and non-GAAP gross margin was 37.9%, down 4.2 percentage points[5]. - Q4 2025 net loss attributable to Intel was $(0.6) billion, compared to a loss of $(0.1) billion in Q4 2024, while non-GAAP net income was $0.8 billion, up 35% year-over-year[5]. - Intel forecasts Q1 2026 revenue between $11.7 billion and $12.7 billion, with expected EPS of $(0.21) and non-GAAP EPS of $0.00[7][13]. - Operating income for the three months ended December 27, 2025, was $580 million, compared to an operating loss of $412 million for the same period in 2024[23]. - For the twelve months ended December 27, 2025, total revenue was $52,853 million, a slight decrease from $53,101 million in 2024, reflecting a decline of 0.5%[29]. - The operating loss for the twelve months ended December 27, 2025, was $2,214 million, an improvement from an operating loss of $11,678 million in 2024[29]. - GAAP net income attributable to Intel for Q4 2025 was a loss of $591 million, while non-GAAP net income was $767 million, indicating a positive trend in core operations[40]. - GAAP earnings per share attributable to Intel for Q4 2025 was $(0.12), compared to $(0.03) in Q4 2024[41]. - Non-GAAP earnings per share attributable to Intel for Q4 2025 was $0.15, up from $0.13 in Q4 2024[41]. Cash Flow and Assets - The company generated $4.3 billion in cash from operations in Q4 2025 and $9.7 billion for the full year[6][9]. - Cash and cash equivalents rose to $14,265 million as of December 27, 2025, compared to $8,249 million a year earlier[25]. - The company reported a net cash provided by operating activities of $9,697 million for the twelve months ended December 27, 2025, compared to $8,288 million in 2024[27]. - Intel's net cash used for investing activities in Q4 2025 was $(6,566) million, compared to $(3,764) million in Q4 2024[41]. - Intel's net cash provided by financing activities for Q4 2025 was $5,849 million, significantly higher than $63 million in Q4 2024[41]. Research and Development - Research and development expenses for the twelve months ended December 27, 2025, were $13,774 million, down 16.9% from $16,546 million in 2024[23]. Strategic Initiatives - The Intel® Core™ Ultra Series 3 processor family was introduced, marking the company's first AI PC platform built on the Intel 18A process technology[15]. - Intel and Cisco announced a collaboration for an integrated platform for distributed AI workloads, enhancing real-time AI inferencing capabilities[15]. - Intel's 18A process technology ramped to high-volume manufacturing, reinforcing its position in advanced semiconductor manufacturing[15]. - The company completed a $5.0 billion common stock sale to NVIDIA, strengthening its balance sheet and strategic flexibility[15]. Liabilities and Assets - Total current assets increased to $63,688 million as of December 27, 2025, from $47,324 million as of December 28, 2024[25]. - Total liabilities decreased to $85,665 million as of December 27, 2025, from $91,453 million as of December 28, 2024[25]. - Intel's total assets increased to $211,429 million as of December 27, 2025, from $196,485 million as of December 28, 2024[25]. Segment Performance - Intel's revenue from CCG (Client Computing Group) for the three months ended December 27, 2025, was $8,193 million, down from $8,769 million in the same period of 2024, a decrease of 6.5%[29]. - The DCAI (Data Center and AI) segment generated revenue of $4,737 million for the three months ended December 27, 2025, compared to $4,351 million in the same period of 2024, an increase of 8.8%[29]. - The Foundry segment reported revenue of $4,507 million for the three months ended December 27, 2025, compared to $4,340 million in the same period of 2024, reflecting a growth of 3.8%[29]. - The "all other" category, which includes operations from non-reportable segments, contributed $574 million in revenue for the three months ended December 27, 2025[29]. Tax and Expenses - The projected non-GAAP tax rate for 2026 is estimated to be 11%, down from 12% for 2025 and 13% for 2024, indicating a strategic adjustment in tax planning[32]. - GAAP operating expenses for full-year 2025 were $20.6 billion, projected to decrease to approximately $18.2 billion in full-year 2026[46]. - Non-GAAP operating expenses for full-year 2025 were $16.5 billion, expected to decrease to approximately $16.0 billion in full-year 2026[46]. Other Financial Metrics - Adjusted free cash flow is referenced as a key non-GAAP measure, providing insights into the company's liquidity and capital resources[36]. - Deferred tax assets valuation allowances were excluded from non-GAAP measures, facilitating a clearer evaluation of core operating performance[36]. - The company experienced gains on equity investments, netting $97 million in Q4 2025, which were excluded from non-GAAP calculations for comparability[40]. - Acquisition-related adjustments contributed $117 million to non-GAAP operating income in Q4 2025, reflecting the impact of strategic acquisitions on financial performance[40].

Core Insights - Intel reported fourth-quarter earnings that exceeded Wall Street expectations but provided soft guidance for the upcoming quarter, leading to a 5% drop in after-hours trading [1] - The company anticipates first-quarter revenue between $11.7 billion and $12.7 billion, with adjusted earnings per share of 0 cents, falling short of LSEG expectations of 5 cents per share on $12.51 billion in sales [1] Financial Performance - Intel experienced a net loss of $600 million, or 12 cents per diluted share, compared to a net loss of $100 million, or 3 cents per share, in the same period last year [2] - The company reported revenue of $13.7 billion for the quarter, surpassing the estimated $13.4 billion [7] Business Developments - There is optimism regarding Intel's foundry business, which generated $4.5 billion in revenue, partly from manufacturing its own chips [4] - Strong sales of Intel's latest server chips contributed to a 9% year-over-year increase in Data Center and AI sales, totaling $4.7 billion [5] Technology Advancements - CEO Lip-Bu Tan indicated that Intel's 18A manufacturing technology has matured enough for volume production, with plans to increase supply to meet strong customer demand [3] - The company expects customers for its next-generation 14A technology to emerge in the second half of the year, with significant capital spending anticipated once customers are secured [4] Strategic Investments - Major investments from the U.S. government, SoftBank, and Nvidia have positioned them as significant shareholders in Intel, with a completed stock sale to Nvidia worth $5 billion during the quarter [6]

市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 英特尔四季度数据中心和AI营收47.4亿美元，预期44.2亿美元。 预计一季度营收117亿-127亿美元，分 析师预期125.6亿美元。 风险提示及免责条款 ...

Core Viewpoint - Intel is struggling to meet the demand for its server chips used in AI data centers, leading to a forecast of quarterly revenue and profit below market estimates, which caused a 13% drop in shares during after-hours trading [1][4]. Group 1: Financial Performance - The company forecasts current-quarter revenue between $11.7 billion and $12.7 billion, compared to analysts' average estimate of $12.51 billion [4]. - Intel expects adjusted earnings per share to break even in the first quarter, while analysts anticipated adjusted earnings of 5 cents per share [4]. Group 2: Market Challenges - Intel is facing difficulties in predicting global chip markets, as its current products are based on decisions made years ago [2]. - The company has been caught off guard by the surging demand for server central processors that accompany AI chips, despite running its factories at full capacity [3][6]. Group 3: Strategic Response - In response to its struggles in the AI chip market, Intel's CEO has implemented a turnaround strategy focused on cutting costs and streamlining management, while promoting a new product roadmap [7].

Intel forecast first-quarter revenue and profit below market estimates on Thursday, as it struggles to match supply to booming demand for traditional server chips used in artificial intelligence dat... ...

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Quick Read Intel (INTC) surged 11% to over $53 following multiple analyst upgrades ahead of Q4 earnings. Intel stock gained 84% in 2025. Apple is evaluating Intel for M-series processors starting in 2027 and A-series iPhone chips around 2029. Intel’s server CPU capacity is sold out for 2026. Its 18A foundry process achieved yields over 60%. Investors rethink ‘hands off’ investing and decide to start making real money Intel (NASDAQ:INTC) shares climbed more than 3% yesterday even as broader markets ...