---
schema_version: "secwatch.filing_event.v1"
accession: "0000050863-24-000122"
form_type: "8-K"
ticker: "INTC"
cik: "0000050863"
company_name: "INTEL CORP"
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T14:05:32.577304+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Intel Q2 revenue $12.8B (-1% YoY); GAAP EPS -$0.38; announces $10B cost cuts and dividend suspension

## Summary
- Q2 revenue $12.8B, down 1% YoY; GAAP net loss $1.6B, EPS -$0.38; non-GAAP EPS $0.02.
- Q3 guidance: revenue $12.5B-$13.5B, GAAP EPS -$0.24, non-GAAP EPS -$0.03.
- Announces $10B cost reduction plan: cut >15% headcount, reduce R&D/MG&A to ~$17.5B in 2025, cut capex.
- Suspends dividend starting Q4 2024; commits to competitive dividend when cash flows improve.
- Achieved milestones on Intel 18A: released 1.0 PDK, powered on Panther Lake and Clearwater Forest.

## SEC filing metadata
- accession: 0000050863-24-000122
- form_type: 8-K
- ticker: INTC
- cik: 0000050863
- company_name: INTEL CORP
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/50863/000005086324000122/0000050863-24-000122-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/50863/000005086324000122/intc-20240801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000050863-24-000122
- JSON: https://secwatch.observer/filing/0000050863-24-000122.json
- Plain text: https://secwatch.observer/filing/0000050863-24-000122.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.