earnings
confidence high
sentiment negative
materiality 0.80
Intel reports Q3 revenue $15.3B (-20% YoY), GAAP EPS $0.25; cuts FY22 revenue guidance to $63-64B
INTEL CORP
2022-Q3 EPS reported
$2.10
revenue$49,012,000,000
- Q3 GAAP revenue $15.3B, down 20% YoY; non-GAAP EPS $0.59, down 59% YoY.
- GAAP net income $1.0B, down 85% YoY; restructuring charges of $664M for cost reductions.
- Targeting $3B in cost savings in 2023, growing to $8-10B annualized by end of 2025.
- Full-year 2022 revenue guidance cut to $63-64B from prior $65-68B, citing macro headwinds.
- Mobileye went public on Nasdaq this week; Intel holds majority stake.