Intel Corporation 2200 Mission College Blvd. Santa Clara, CA 95054-1549 News Release Intel Reports Second-Quarter 2024 Financial Results Announces $10 Billion Cost Reduction Plan to Increase Efficiency and Market Competitiveness NEWS SUMMARY ▪ Second-quarter revenue of $12.8 billion, down 1% year over year (YoY). ▪ Second-quarter GAAP earnings (loss) per share (EPS) attributable to Intel was $(0.38); non-GAAP EPS attributable to Intel was $0.02. ▪ Forecasting third-quarter 2024 revenue of $12.5 billion to $ ...

If you had told Wall Street tech stalwarts back in 2020 that Intel (NYSE:INTC) stock would plummet as rapidly as it has over the last 12 months, it’s likely many of them would have laughed you off. Fast forward four years, and Intel is in the same position it was over two decades ago.Furthermore, the company recently announced sweeping layoffs as a form of cost-cutting in the face of its significant chipmaking losses. These factors are particularly discouraging considering the headstart Intel had as the pri ...

Intel Corp INTC will be reporting its second-quarter earnings Thursday. Wall Street expects 10 cents in EPS and $12.94 billion in revenues as the company reports after market hours.The stock is down 14.06% over the past year, -38.83% YTD.Let’s look at what the charts indicate for Intel stock, and how the stock currently maps against Wall Street estimates.Intel Stock Trend Strongly Bearish Ahead Of Q2 Earnings Intel stock is currently in a strongly bearish trend. Its share price of $30.74 sits below the 5, 2 ...

Intel Corporation (INTC) is scheduled to report second-quarter 2024 results on Aug 1, after the closing bell. In the to-be-reported quarter, the company is likely to have recorded higher revenues year over year from the Client Computing Group (CCG), backed by a strong emphasis on product innovation. Efforts to increase efficiency in semiconductor manufacturing and improve the supply chain are positive factors.Factors at PlayCCG is the company’s largest segment and accounts for the lion’s share of total reve ...

Intel Corporation (INTC) is scheduled to report second-quarter 2024 results on Aug 1, after the closing bell. In the to-be-reported quarter, the company is likely to have recorded lower revenues from the Datacenter and AI Group (DCAI) segment, owing to the fierce competition from other industry leaders amid a challenging macroeconomic environment. However, the introduction of a leading-edge product suite, including the Intel Gaudi 3 accelerator, integrated optical compute interconnect chiplet and advancemen ...

With earnings season underway and a slew of companies set to report this week, investors may be honing in on specific stocks in favor of others. However, Intel’s (NASDAQ:INTC) upcoming second-quarter earnings report on Thursday, Aug. 1, could be among the most pivotal to watch. Today, INTC stock is down along with most tech stocks as investors appear to continue to rotate out of large-cap growth names into more value-oriented smaller-cap stocks.As a key U.S. chipmaker, Intel’s status within the domestic chi ...

Semiconductors are the lifeline of the modern digital age. They help our smartphones, laptops and cars to function properly. Moreover, the rise of generative artificial intelligence (AI) has made semiconductors even more critical to the invention of new technologies. Software programmers train new generative AIs with complex large language models, and this process requires an immense amount of computing power. Chipmakers like Nvidia (NASDAQ:NVDA) and networking server chip developer Broadcom (NASDAQ:AVGO) h ...

  Analyst Estimates for Q2 2024 Q1 2024 Q2 2023Revenue $12.94 billion $12.72 billion $12.95 billionDiluted Earnings / (Loss) Per Share (11 cents) (9 cents) 35 centsNet Income / (Loss) ($448.05 million) ($437 million)$1.47 billion Key Metric: Revenue Outlook Investors will likely pay close attention to Intel's outlook, after shares tumbled in the wake of its first-quarter report on the chipmaker’s weak revenue guidance. Bank of America analysts said at the time that Intel's second-quarter guidance showed ...

FinkAvenue Intel Corporation (NASDAQ:INTC) has had a rough year, with its market capitalization dropping more than 35% YTD. That's despite a strong core portfolio as the company continues to move forward on 5 nodes in 4 years, to become competitive with TSMC (TSM) again, while building its own processors on TSMC nodes to hedge against a downturn. As we'll see throughout this article, this weakness makes Intel a valuable investment. Intel Overview Intel has continued to work hard on executing its lofty s ...

Rosenblatt analyst Hans Mosesmann maintained a Sell rating on Intel Corp INTC with a price target of $17.Mosesmann expects Intel to deliver inline fiscal 2024 second-quarter earnings based on flat to up sales growth, stabilizing PC dynamics, and a bottoming in the Altera, Mobileye, and NEX segments.The analyst expects the management to issue a modest growth guidance for the third quarter, likely below his mid-to-high single-digit expectation of weaker server Sierra Forrest and Granite Rapids ramps as Advanc ...