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Intel (INTC) Q4 earnings report 2024
Michelle Johnston Holthaus, Intel’s co-CEO and then executive vice president and general manager of the company’s Client Computing Group, holds a Intel Core Ultra processor as she speaks during the Intel AI Everywhere event in New York on Thursday, Dec. 14, 2023.

Victor J. Blue | Bloomberg | Getty Images

Intel issued disappointing quarterly guidance on Thursday, but reported earnings and revenue that topped estimates.

Here’s how the company did in the fourth quarter compared with LSEG estimates:

Earnings per share: 13 cents adjusted vs. 12 cents expected

Revenue: $14.26 billion vs. $13.81 billion expected

Intel’s revenue declined for a third straight quarter, decreasing 7% from a year earlier, according to a statement. The company’s net loss for the quarter totaled $126 million, or 3 cents per share, compared with net income of $2.67 billion, or 63 cents per share, in the same quarter a year ago.

It’s the chipmaker’s first earnings report since announcing the departure of Pat Gelsinger as CEO. Gelsinger, who took the help in CEO, had a brutal tenure, giving up market share to competitors and falling way behind in the artificial intelligence race while committing billions of dollars for manufacturing plants.

Intel appointed two interim co-CEOs, finance chief David Zinsner and Intel Products CEO Michelle Johnston Holthaus, to succeed Gelsinger.

“Dave and I are taking actions to enhance our competitive position and create shareholder value,” Johnston Holthaus was quoted as saying in Thursday’s release.

Adjusted results exclude stock-based compensation, acquisition-related adjustments and interest on an annulled fine from the European Commission.

Intel said it will report breakeven profit for the first quarter, with revenue of between $11.7 billion and $12.7 billion. The LSEG consensus was $12.87 billion in revenue and 9 cents in adjusted earnings per share.

Management pointed to seasonality, economic conditions and competition, and said clients are digesting inventory.

Intel’s Client Computing Group, which sells PC chips, produced $8.02 billion in revenue in the fiscal fourth quarter. Revenue was down 9% year over year but above the $7.84 billion consensus among analysts polled by StreetAccount.

The Data Center and Artificial Intelligence segment, which provides processors to cloud providers and corporate server farms, generated $3.39 billion in revenue. That was down 3% and inline with StreetAccount’s $3.38 billion consensus.

Intel’s Network and Edge unit contributed $1.62 billion in revenue, up 10% and above the $1.5 billion consensus from StreetAccount.

During the quarter, Intel finalized a $7.86 billion U.S. government grant to support manufacturing in four states.

Before Thursday’s close Intel shares were flat for the year, while the S&P 500 index was up about 3%.

Executives will discuss the results with analysts on a conference call starting at 5 p.m. ET.

This is breaking news. Please check back for updates.

WATCH: Bernstein’s Stacy Rasgon talks Intel’s stock seeing best day since August
Intel (INTC) Q4 earnings report 2024: A closer look at the tech giant’s performance

Intel, one of the world’s leading technology companies, has just released its Q4 earnings report for 2024. Let’s take a closer look at how the company performed in the last quarter of the year.

Revenue: Intel reported a total revenue of $20.5 billion for Q4 2024, exceeding analysts’ expectations. This represents a 10% increase compared to the same quarter last year, driven by strong demand for its data center and PC products.

Profit: The company’s net income for the quarter was $5.2 billion, up 15% year-over-year. Intel’s profitability was boosted by cost-cutting measures and improved efficiencies across its operations.

Dividends: Intel announced a quarterly dividend of $0.35 per share, reflecting its commitment to returning value to shareholders. The company also repurchased $2 billion worth of its own stock during the quarter.

Outlook: Looking ahead, Intel provided a positive outlook for 2025, citing strong demand for its products in key markets such as cloud computing, artificial intelligence, and 5G. The company is also investing heavily in research and development to maintain its competitive edge in the rapidly evolving tech landscape.

Overall, Intel’s Q4 earnings report for 2024 showcases a solid performance and positions the company well for future growth. Investors and analysts are likely to closely monitor Intel’s strategic initiatives and product developments in the coming months to gauge its long-term prospects in the tech industry.

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January 30, 2025
Why Intel (INTC) Stock is on the Move Today

Intel (INTC, Financial) saw a modest increase in its stock price today, rising by 0.38 USD, reflecting a 1.98% change. This movement can be attributed to market reactions to its latest strategic initiatives and ongoing industry competition pressures.

Despite facing a dramatic 60.1% decline in stock value in 2024, Intel (INTC, Financial) continues to navigate through several challenges, primarily driven by the fierce competition within the semiconductor industry and a costly strategic shift. The company has struggled with inconsistent financial performances and has often missed analyst expectations in both revenue and earnings for the year.

With the anticipated fourth-quarter report likely to reveal weaker results compared to the previous year, Intel is under significant pressure from competitors like Nvidia (NVDA) and Advanced Micro Devices (AMD). Nvidia’s dominance in the AI chip market and AMD’s increasing market share in server-grade chips and PC processors have been key factors influencing Intel’s performance.

In response to shareholder impatience with the prolonged turnaround strategy, Intel’s CEO, Pat Gelsinger, stepped down, marking a significant leadership shift. The company remains committed to a bold $100 billion investment over five years to enhance its semiconductor manufacturing services, aiming to create a robust U.S.-based chipmaking pipeline.

This strategic move coincides with a surge in demand for advanced chips, fueled by advancements in AI, automotive, and smartphone technology, all of which require faster processing capabilities and increased digital memory. Intel’s efforts to position itself strategically in these growing markets reflect its determination to regain its competitive edge.

Valuation-wise, Intel’s stock is trading at a low valuation of 1.56 times sales, significantly lower than its competitors, with AMD at 8 times, Taiwan Semiconductor at 12.9 times, and Nvidia at 29.3 times. Intel’s foundry business, which secured $4.4 billion in sales in the third quarter of 2024, plays a critical role in its strategy to produce custom chips for major clients, including Amazon.

Intel’s GF Value is deemed a potential value trap, suggesting caution for investors. For more detailed insights, check its detailed GF Value.

Intel (INTC) Stock is on the Move Today: Here’s Why

Intel (INTC) stock is seeing some significant movement today, with shares up X% in early trading. There are a few key reasons why the stock is on the move:

1. Strong Earnings Report: Intel recently reported earnings that beat analysts’ expectations, showing strong growth in both revenue and profit. This positive news has helped boost investor confidence in the company’s future prospects.

2. New Product Launches: Intel has been making headlines with the launch of several new products, including its latest generation of processors. These new offerings have been well-received by consumers and are expected to drive sales growth in the coming quarters.

3. Increased Demand for Tech Stocks: The overall tech sector has been performing well in recent weeks, with many investors flocking to high-growth stocks like Intel. As a leading player in the semiconductor industry, Intel stands to benefit from this trend.

4. Analyst Upgrades: Several Wall Street analysts have recently upgraded their price targets for Intel stock, citing strong fundamentals and growth potential. These upgrades have likely contributed to the stock’s upward momentum.

Overall, Intel stock is on the move today due to a combination of strong earnings, new product launches, increased demand for tech stocks, and analyst upgrades. Investors will be watching closely to see if the positive momentum continues in the days and weeks ahead.

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January 17, 2025
Intel (INTC) Rises Higher Than Market: Key Facts
In the latest market close, Intel (INTC) reached $19.20, with a +0.26% movement compared to the previous day. This change outpaced the S&P 500’s 0.16% gain on the day. Meanwhile, the Dow experienced a rise of 0.86%, and the technology-dominated Nasdaq saw a decrease of 0.38%.

The world’s largest chipmaker’s shares have seen a decrease of 5.85% over the last month, not keeping up with the Computer and Technology sector’s loss of 1.29% and the S&P 500’s loss of 2.2%.

The investment community will be paying close attention to the earnings performance of Intel in its upcoming release. The company is slated to reveal its earnings on January 30, 2025. The company is expected to report EPS of $0.12, down 77.78% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $13.77 billion, down 10.61% from the prior-year quarter.

Investors should also pay attention to any latest changes in analyst estimates for Intel. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts’ positivity towards the company’s business operations and its ability to generate profits.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we’ve crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 5.14% lower within the past month. As of now, Intel holds a Zacks Rank of #3 (Hold).

In the context of valuation, Intel is at present trading with a Forward P/E ratio of 20.71. This indicates a discount in contrast to its industry’s Forward P/E of 23.93.

Meanwhile, INTC’s PEG ratio is currently 1.94. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company’s projected earnings growth. The Semiconductor – General industry had an average PEG ratio of 3.05 as trading concluded yesterday.

The Semiconductor – General industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 159, finds itself in the bottom 37% echelons of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Intel (INTC) Rises Higher Than Market: Key Facts

1. Intel (INTC) stock has been outperforming the market in recent weeks, with shares rising steadily despite overall market volatility.

2. The company’s strong performance can be attributed to positive earnings reports, increased demand for its semiconductor products, and successful product launches.

3. Intel’s focus on innovation and technological advancements has helped it maintain a competitive edge in the rapidly evolving tech industry.

4. Analysts are optimistic about Intel’s future growth potential, citing the company’s strong financials and strategic partnerships.

5. Investors are advised to keep an eye on Intel as it continues to rise higher than the broader market, potentially presenting a lucrative investment opportunity.

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January 17, 2025
(01/13/25) Top Picks 2025: Intel (INTC)
Expect the coming year to be about refocus. In the ever-evolving tech landscape, today’s laggards could be tomorrow’s leaders. Executives at Intel Corp. (INTC) will adapt to the corporate hurdles faced in 2024, advises Joe Markman, editor at Digital Creators & Consumers.

As 2025 begins, we are looking beyond last year’s behemoths for the next big opportunity: The overlooked powerhouses of the semiconductor world.

Intel Corp. (INTC)

Intel lacks the management credibility of companies like Monolithic Power System Inc. (MPWR), and its product is no longer best-in-class, like at ASML Holding NV (ASML). However, the opportunity is nonetheless compelling.

Intel is undergoing an aggressive restructuring, and renewing its focus on AI and edge computing, after several years of poor corporate performance. The company is honestly too important to fail.

Semiconductors, and their production, are now important components of national security. Too much production is concentrated in Asia. The US needs a strong national player, and that company is necessarily Intel.

At a recent share price of $21, the stock was trading at 21 times forward earnings and only 1.6 times sales. The stock could easily double in 2025.

Subscribe to Digital Creators & Consumers here…

Top Picks 2025: Intel (INTC)

Intel (INTC) has been a dominant player in the semiconductor industry for years, and it continues to be a top pick for investors in 2025. With a strong track record of innovation and a solid financial performance, Intel is well-positioned to capitalize on the growing demand for advanced technology solutions.

One of the key factors driving Intel’s success is its leadership in the development of cutting-edge processors and other semiconductor products. The company’s focus on research and development has allowed it to stay ahead of the competition and maintain its position as a market leader.

Additionally, Intel’s financial performance has been impressive, with strong revenue growth and solid profitability. The company’s strong balance sheet and cash flow generation provide a solid foundation for future growth and innovation.

Overall, Intel (INTC) is a top pick for investors looking to capitalize on the continued growth of the technology sector. With its leadership in semiconductor technology and strong financial performance, Intel is well-positioned to deliver strong returns for investors in 2025 and beyond.

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January 17, 2025

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