Intel Corporation
INTC
$40.96 -1.09%
Exchange: NASDAQ | Sector: Technology | Industry: Semiconductors
Q3 2024
Published: Nov 1, 2024

Earnings Highlights

  • Revenue of $13.28B down 13.8% year-over-year
  • EPS of $-3.88 decreased by 715.9% from previous year
  • Gross margin of 15.0%
  • Net income of -16.64B
  • ""We delivered Q3 revenue above the midpoint of our guidance and we made significant progress on our cost reduction plan."" - Pat Gelsinger
INTC
Intel Corporation

Executive Summary

Intel Corporation reported its Q3 2024 results with a total revenue of $13.28 billion, reflecting a modest increase of 3.51% from the previous quarter, driven by improvements in both the client computing group and foundry services. However, the company faced a significant net income loss of $16.64 billion, ballooned by restructuring charges, inventory impairments, and market transition costs. Despite these challenges, Intel's management emphasized a commitment to operational efficiency and a strategic pivot to maximize its x86 architecture's potential, especially in light of evolving AI demands in the computing landscape. CEO Pat Gelsinger stated that the team is committed to "act with urgency to deliver on our priorities, focusing on a leaner, more profitable Intel."

Key Performance Indicators

Revenue
Decreasing
13.28B
QoQ: 3.51% | YoY: -13.77%
Gross Profit
Decreasing
2.00B
15.03% margin
QoQ: -56.08% | YoY: -71.66%
Operating Income
Decreasing
-9.06B
QoQ: 787.07% | YoY: -450.37%
Net Income
Decreasing
-16.64B
QoQ: 933.48% | YoY: -723.42%
EPS
Decreasing
-3.88
QoQ: 921.05% | YoY: -715.87%

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