earnings
confidence high
sentiment negative
materiality 0.85
Intel Q3 GAAP EPS $(3.88) on $15.9B charges; to cut 16,500 jobs
INTEL CORP
2024-Q3 EPS reported
-$4.37
revenue$38,841,000,000
- Q3 revenue $13.3B (down 6% YoY); GAAP EPS $(3.88) vs $(0.07) YoY.
- Non-GAAP EPS $(0.46); guided Q4 non-GAAP EPS $0.12.
- Approved headcount reduction of 16,500; $2.8B restructuring charges in Q3.
- $15.9B impairment charges, including $9.9B tax-valuation allowance and $2.9B goodwill (Mobileye).
- Q4 revenue forecast $13.3-14.3B; GAAP gross margin 36.5%.