Intel Corporation
INTC
$41.31 -0.24%
Exchange: NASDAQ | Sector: Technology | Industry: Semiconductors
Q1 2024
Published: Apr 25, 2024

Earnings Highlights

  • Revenue of $12.72B down 1.7% year-over-year
  • EPS of $-0.09 decreased by 125.7% from previous year
  • Gross margin of 41.0%
  • Net income of -381.00M
  • ""We reported solid Q1 results, delivering revenue in line and EPS above our guidance as we continue to focus on operating leverage and expense management." - Pat Gelsinger, CEO" - Pat Gelsinger
INTC
Intel Corporation

Executive Summary

Intel Corporation delivered solid Q1 2024 results with revenue reaching $12.72 billion, reflecting a 9% year-over-year increase despite challenging market conditions. The earnings per share (EPS) of $0.18 exceeded guidance, indicating strong operational management amidst cost-reduction initiatives. CEO Pat Gelsinger noted the quarter as a bottom for the company, expecting sequential revenue growth led by a refresh cycle in enterprise PCs and a recovery in the data center segment. The strategic positioning of Intel in areas like AI computing and its robust product roadmap suggest an optimistic outlook for the future.

Key Performance Indicators

Revenue
Decreasing
12.72B
QoQ: 0.00% | YoY: -1.74%
Gross Profit
Increasing
5.22B
41.00% margin
QoQ: 0.00% | YoY: 12.48%
Operating Income
Decreasing
-721.00M
QoQ: -32.55% | YoY: -29.04%
Net Income
Decreasing
-381.00M
QoQ: 0.00% | YoY: -125.73%
EPS
Decreasing
-0.09
QoQ: 0.00% | YoY: -125.66%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 14,260.00 -0.03 +12.1% View
Q3 2024 13,284.00 -3.88 -13.8% View
Q2 2024 12,833.00 -0.38 -9.4% View
Q1 2024 12,724.00 -0.09 -1.7% View