'Q4 was a step in the right direction. We delivered revenue, gross margin and EPS above our guide.' - Michelle Johnston Holthaus
— Michelle Johnston Holthaus
03Detailed Report
INTC
Intel Corporation
Period
Q4 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 14, 2026
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Executive Summary
Intel Corporation reported revenues of $14.26 billion in Q4 2024, reflecting a sequential growth of 7.35% primarily driven by solid performance in client computing and edge business segments. However, the company faced a net loss of $126 million, translating to an EPS of -$0.0292, signaling ongoing struggles amid fierce competition and recovery attempts in the semiconductor market. Management emphasized a commitment to focused investments, stating, 'We cannot be all things to all people...' indicating a strategic pivot towards areas with the highest potential for differentiation and profitability. Risks remain due to macroeconomic uncertainties and a competitive landscape, yet the initiation of the Intel 18A process technology is expected to enhance future production efficiencies.
Management's focus on customer needs and operational efficiencies was apparent, with co-CEO Michelle Johnston Holthaus stating, 'We are prioritizing areas where we can drive differentiated value.' This approach aims to address the challenges posed by overstocked PC inventories and the evolving AI PC market. While Q4 performance shows progress, sustained profitability remains contingent on successful execution and customer engagement in 2025 and beyond.
Key Performance Indicators
Revenue
Increasing
14.26B
QoQ: 7.35% | YoY: 12.07%
Gross Profit
Increasing
5.58B
39.16% margin
QoQ: 179.62% | YoY: 7.03%
Operating Income
Decreasing
412.00M
QoQ: -104.55% | YoY: -138.54%
Net Income
Decreasing
-126.00M
QoQ: -99.24% | YoY: -66.93%
EPS
Decreasing
-0.03
QoQ: -99.25% | YoY: -67.48%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue: $14.26 billion, up 7.35% QoQ, indicating gradual recovery from earlier losses.
Gross Margin: 39.3%, improved sequentially, but still under pressure due to high production costs.
Operating Income: $412 million, reflecting a strong operational performance on increased revenues even as persistent losses continue.
Net Income: -$126 million, a stark decline year-over-year but less negative than previous quarters.
EPS: -$0.0292 reflecting ongoing inefficiencies and cost pressures.
Cash Flow: Operating cash flow positive at $3.2 billion, underscoring improved operational activities despite a negative free cash flow of -$1.5 billion.
Current Ratio: 1.33, indicating adequate liquidity although closely monitored given the loss reported in the quarter.
Quick Ratio: Equal to the current ratio, reflecting stability as the company manages its cash flow and working capital effectively.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
14.26B
12.07%
7.35%
Gross Profit
5.58B
7.03%
179.62%
Operating Income
412.00M
-138.54%
-104.55%
Net Income
-126.00M
-66.93%
-99.24%
EPS
-0.03
-67.48%
-99.25%
Key Financial Ratios
Gross Profit Margin
Fair
39.20%
Gross profit margin is moderate, room for improvement in cost management
Operating Profit Margin
Weak
2.89%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Weak
-0.01%
Net profit margin is below industry norms, profitability concerns
Return on Assets
Weak
0.00%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
0.00%
Return on equity suggests inefficient capital allocation
Current Ratio
Adequate
1.33
Current ratio meets minimum requirements but limited cushion
Debt to Equity
Moderate
0.50
Debt-to-equity indicates balanced capital structure with manageable debt
P/E Ratio
Negative
-173.96x
Negative earnings make P/E ratio not meaningful
Price to Book
Undervalued
0.88x
Trading below book value, potential value opportunity or distressed
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