Intel ( (INTC) ) has released its Q4 earnings. Here is a breakdown of the information Intel presented to its investors.
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Intel Corporation, a leader in the semiconductor industry, focuses on designing and manufacturing advanced integrated technology. Known for its innovation in microprocessors, Intel caters to a broad range of markets including PCs, data centers, and AI.
In its latest earnings report, Intel revealed a decline in both quarterly and annual revenues, with a 7% and 2% year-over-year drop respectively. The company reported a diluted loss per share for the year, highlighting ongoing challenges, though it exceeded its own guidance in several key financial areas this quarter despite operating in a tough environment.
Key performance metrics showed that Intel’s fourth-quarter revenue stood at $14.3 billion, while full-year revenue reached $53.1 billion. Despite the revenue drop, Intel’s strategic initiatives in AI and computing were evident, as the Client Computing Group saw notable momentum in AI-driven PCs. Additionally, the company is progressing with its Intel Foundry business model, aiming for operational efficiency and better cost management. Intel secured significant funding under the U.S. CHIPS Act to bolster its semiconductor R&D and manufacturing.
Looking ahead, Intel forecasts challenges in the first quarter of 2025 due to seasonal and macroeconomic factors, with expected revenues ranging between $11.7 billion to $12.7 billion. The company remains committed to executing its strategic plans to enhance competitiveness and shareholder value, with a continued focus on product simplification and process roadmap advancement.
