regulatory
confidence high
sentiment negative
materiality 0.70
Intel says US revoked export licenses for China customer; Q2 revenue to be below midpoint
INTEL CORP
- US Dept of Commerce revoked certain export licenses for consumer-related items to a China customer, effective May 7, 2024.
- Q2 2024 revenue guidance maintained at $12.5-13.5B but now expected below midpoint.
- Full-year 2024 revenue and EPS still expected to grow YoY vs 2023.