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Mar 30, 2024
Intel Q1 2024 Earnings Report
Intel's Q1 2024 financial results were reported, showing revenue increase and mixed performance across different business units.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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