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Dec 30, 2023
Intel Q4 2023 Earnings Report
Intel's Q4 2023 financial results were reported, showing revenue increase and EPS.
Key Takeaways
Intel reported strong Q4 results, surpassing expectations with revenue at $15.4 billion, a 10% increase year-over-year. The company achieved $3 billion in cost savings in 2023 and expects further efficiencies in 2024.
Q4 revenue was $15.4 billion, up 10% year-over-year.
Q4 earnings per share (EPS) was $0.63; non-GAAP EPS was $0.54.
The company generated $4.6 billion in cash from operations and paid dividends of $0.5 billion in Q4.
Intel remains on track to meet its goal of achieving five nodes in four years and regain transistor performance and power performance leadership by 2025.
Revenue by Segment
Forward Guidance
Intel forecasts first-quarter 2024 revenue of $12.2 billion to $13.2 billion and expects EPS attributable to Intel of $(0.25) (non-GAAP EPS of $0.13).
Positive Outlook
- Gross Margin: 40.7%
- Non-GAAP Gross Margin: 44.5%
- Revenue: $12.2-13.2 billion
- Non-GAAP earnings per share attributable to Intel—diluted: $0.13
Challenges Ahead
- Earnings (Loss) Per Share Attributable to Intel—Diluted: $(0.25)
- Tax Rate: (43)%
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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