Intel Corporation's Q4 earnings showed weak results year-over-year (as expected) but significant sequential improvement, supporting our view that the turnaround is underway. It was a great print overall. Margins improved sequentially, with adjusted gross margins approaching 40%, driven by cost cuts and efficiencies, though still down from last year. Segment performance showed positive trends in each segment, but data center and AI was only modestly better than Q3.
Today's first round of after-hour earnings bolstered a rally for Visa (V), a sell-off for Deckers (DECK) and little price action changes for Intel (INTC). Oliver Renick, Caroline Woods and Kevin Green take a closer look at the earnings to weigh what's behind the market action.
Patrick Moorhead, Moor Insights & Strategy CEO, joins 'Closing Bell Overtime' to talk Intel earnings.
The company says some customers may have stocked up on product ahead of tariffs.
Intel's first-quarter revenue forecast on Thursday missed analyst estimates, as the chipmaker grapples with tepid demand for traditional data center chips and declining share in the key personal computer market.
Intel's quarterly guidance was lighter than Wall Street expected, but fourth-quarter results came in ahead of consensus. Executives attributed the outlook to seasonality and competition, among other factors.
Intel (INTC) is trading near lows it hasn't seen since 2012. George Tsilis notes several headwinds ahead of the company's earnings, namely keeping up with giants like TSMC (TSM) and Nvidia (NVDA), and uncertainty around its foundry business.
Intel Corporation INTC will release earnings results for its fourth quarter, after the closing bell on Thursday, Jan. 30, 2025.
Former U.S. Representative Tulsi Gabbard, President Donald Trump's choice to be Director of National Intelligence, will face tough questioning on Russia, Syria and surveillance at what is expected to be contentious Senate hearing on Thursday.
Intel Corp INTC will be reporting its fourth-quarter earnings on Thursday. Wall Street expects 12 cents in EPS and $13.81 billion in revenues as the company reports after market hours.
Besides Wall Street's top -and-bottom-line estimates for Intel (INTC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
Intel will face investor scrutiny on its CEO search when it reports quarterly results on Thursday, as the chipmaker stares at another big decline in revenue due to weak PC sales and its shrinking share in the datacenter market.