Intel Q1 2024 Earnings Report
Key Takeaways
Intel reported Q1 2024 revenue of $12.7 billion, a 9% increase year-over-year. GAAP EPS was $(0.09), while non-GAAP EPS was $0.18. The company is forecasting Q2 2024 revenue between $12.5 billion and $13.5 billion, with an expected EPS of $(0.05) and non-GAAP EPS of $0.10.
Q1 2024 revenue increased by 9% year-over-year, reaching $12.7 billion.
GAAP EPS was $(0.09), and non-GAAP EPS was $0.18 for Q1 2024.
Intel expects Q2 2024 revenue to be in the range of $12.5 billion to $13.5 billion.
The company's foundry operating model is driving better decision-making and transparency.
Intel
Intel
Intel Revenue by Segment
Forward Guidance
Intel's guidance for Q2 2024 includes revenue between $12.5 billion and $13.5 billion, a GAAP gross margin of 40.2%, a non-GAAP gross margin of 43.5%, a GAAP tax rate of 61%, a non-GAAP tax rate of 13%, a GAAP EPS of $(0.05), and a non-GAAP EPS of $0.10.
Revenue & Expenses
Visualization of income flow from segment revenue to net income