For the quarter ended September 2024, Intel (INTC) reported revenue of $13.28 billion, down 6.2% over the same period last year. EPS came in at -$0.46, compared to $0.41 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $13.01 billion, representing a surprise of +2.10%. The company delivered an EPS surprise of -1433.33%, with the consensus EPS estimate being -$0.03.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and h ...

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Intel (INTC) came out with a quarterly loss of $0.46 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1,433.33%. A quarter ago, it was expected that this world's largest chipmaker would post earnings of $0.10 per share when it actually produced earnings of $0.02, delivering a surprise of -80%.Over the last four quarters, the co ...

Intel (INTC) reported third-quarter revenue that topped analysts' expectations, sending shares higher after the bell Thursday despite widening losses. The chipmaker's third-quarter revenue fell 6% year-over-year to $13.3 billion, above the $13.03 billion consensus estimate of analysts compiled by Visible Alpha. Intel posted a wider-than-expected loss of $16.6 billion, after reporting a $1.61 billion loss in the second quarter as the chipmaker works to cut costs. A year ago, the chipmaker had reported a pro ...

Revenue and Financial Performance - Q3 2024 revenue was $13.3 billion, down 6% compared to Q3 2023[1][4] - Net revenue for Q3 2024 decreased to $13.284 billion from $14.158 billion in Q3 2023, a decline of 6.2%[20] - Intel's total net revenue for Q3 2024 was $13.284 billion, a decrease from $14.158 billion in Q3 2023[24] - Q4 2024 revenue guidance is $13.3 billion to $14.3 billion, with non-GAAP EPS expected to be $0.12[1][10] Earnings and Losses - Q3 2024 GAAP EPS was $(3.88), impacted by $15.9 billion in impairment charges and $2.8 billion in restructuring charges[1][5] - Operating loss for Q3 2024 widened to $9.057 billion from $8 million in Q3 2023[20] - Net loss attributable to Intel for Q3 2024 was $16.639 billion, compared to a net income of $297 million in Q3 2023[20] - Earnings per share (diluted) for Q3 2024 was a loss of $3.88, compared to a gain of $0.07 in Q3 2023[20] - GAAP operating loss for Q3 2024 was $9.057 billion, compared to a loss of $8 million in Q3 2023[31] - Non-GAAP operating loss for Q3 2024 was $2.369 billion, versus a profit of $1.924 billion in Q3 2023[31] - GAAP net loss attributable to Intel for Q3 2024 was $16.639 billion, compared to a profit of $297 million in Q3 2023[31] - Non-GAAP net loss attributable to Intel for Q3 2024 was $1.976 billion, versus a profit of $1.739 billion in Q3 2023[31] Gross Margin - Gross margin for Q3 2024 dropped significantly to $1.997 billion compared to $6.018 billion in Q3 2023, a decrease of 66.8%[20] - GAAP gross margin for Q3 2024 was $1.997 billion, a significant decrease from $6.018 billion in Q3 2023[31] - Non-GAAP gross margin percentage for Q3 2024 was 18.0%, down from 45.8% in Q3 2023[31] - Non-GAAP gross margin percentage for Q4 2024 is expected to be 39.5%[34] Business Segments - Client Computing Group (CCG) revenue was $7.3 billion, down 7% year-over-year[7] - Data Center and AI (DCAI) revenue was $3.3 billion, up 9% year-over-year[7] - Client Computing Group revenue for Q3 2024 was $7.330 billion, down from $7.867 billion in Q3 2023[24] - Data Center and AI revenue increased to $3.349 billion in Q3 2024 from $3.076 billion in Q3 2023[24] - Intel Foundry revenue decreased to $4.352 billion in Q3 2024 from $4.732 billion in Q3 2023[24] Cost Reductions and Restructuring - Intel is on track to achieve $10 billion in cost reductions by 2025[1][5] - Restructuring and other charges in Q3 2024 included employee severance, real estate exits, and asset impairments[29] Technology and Partnerships - Intel 18A process node is progressing well, with lead products Panther Lake and Clearwater Forest meeting early milestones[9] - Intel and AWS are finalizing a multi-billion-dollar partnership for custom Xeon 6 and AI fabric chips[9] - Intel was awarded up to $3 billion in direct funding under the CHIPS and Science Act for the Secure Enclave program[9] - Intel plans to ship over 100 million AI PCs by the end of 2025[8] Cash Flow and Capital Expenditures - Cash and cash equivalents increased to $8.785 billion in Q3 2024 from $7.079 billion at the end of 2023[22] - Net cash provided by operating activities for the nine months ended Sep 28, 2024, was $5.123 billion, down from $6.847 billion in the same period in 2023[23] - Additions to property, plant, and equipment for the nine months ended Sep 28, 2024, were $18.110 billion, slightly lower than $19.054 billion in the same period in 2023[23] - Adjusted free cash flow for Q3 2024 was negative $2.702 billion, compared to positive $943 million in Q3 2023[32] - Non-GAAP net capital spending for full-year 2024 is projected to be $11.0 billion[36] Assets and Liabilities - Total assets increased slightly to $193.542 billion in Q3 2024 from $191.572 billion at the end of 2023[22] - Total Intel employees decreased to 124,100 in Q3 2024 from 125,200 in Q3 2023[21] Financial Metrics and Adjustments - Intel uses a long-term projected non-GAAP tax rate of 13% for financial adjustments[26] - Adjusted free cash flow is used by Intel to assess liquidity and capital resources[29] - Net capital spending is a key metric for Intel's capital investment activities[30] - Non-GAAP R&D and MG&A for full-year 2025 is estimated to be $17.5 billion[36]

Intel CEO Pat Gelsinger holds an artificial intelligence processor as he speaks during the Computex conference in Taipei, Taiwan, on June 4, 2024. Intel shares jumped 12% in extended trading on Thursday after the chipmaker reported better-than-expected revenue and issued quarterly guidance that topped expectations. Here's how the company did in comparison with LSEG consensus: Earnings per share: Loss of 46 cents adjusted Revenue: $13.28 billion vs. $13.02 billion expected Intel's revenue declined 6% year ov ...

Boo! These stocks have all lost more than half of their value in just five years.Halloween can be a scary time for trick-or-treaters, but if you've invested in risky stocks over the years, looking at your portfolio at any time can be frightening. While stocks can, in general, deliver great long-term returns, risky investments can lead to crippling losses. And while buying and holding a stock for the long term can result in a sizable return for investors, that's by no means going to be the case in all situat ...

Intel Corp (NASDAQ:INTC) has fallen from grace so suddenly that semiconductor suitors have been circling. Last seen trading at $22.46, the chipmaker and former tech titan reports third-quarter earnings after the market closes tomorrow, Oct. 31. To avoid a Halloween scare, INTC must show serious inroads with artificial intelligence (AI) to buck a dire post-earnings trend.Intel stock has developed a history recently of sharp post-earnings reactions to the downside. The shares gapped 26.1% lower in early Augus ...

Intel Corporation INTC will report third-quarter financial results tomorrow, October 31, after the closing bell. Rosenblatt analyst Hans Mosesmann anticipates that the tech giant will report results that are in line with expectations as the PC market stabilizes. However, he notes that this will be tempered by challenging trends in the data center sector, mainly due to market share losses to Advanced Micro Devices, Inc. AMD. Related Read: AMD Q3 Earnings: Revenue Beat, EPS In Line, Data Center Up 122%, 'Sign ...

Key Takeaways Intel is set to report earnings after the market closes on Thursday. Analysts expect the chipmaker to swing to a loss and for Intel's revenue to decline year-over-year. Analysts expect revenue to decline 8% year-over-year to about $13 billion, along with a net loss of $955 million, or 23 cents a share, Intel's (INTC) third-quarter results are due after the closing bell on Thursday. Analysts aren't bullish on the struggling chipmaker, with Wall Street generally calling for a loss and expecting ...