Intel Fourth-Quarter Earnings Beat Expectations But Guidance Softens
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Intel Fourth-Quarter Earnings Beat Expectations But Guidance Softens
Intel's fourth-quarter earnings exceeded Wall Street forecasts, yet the guidance for the current quarter appears soft. Full insights in our latest update! #Intel #CNBC cnbc(@cnbc). original sound - cnbc. #Intel reported fourth-quarter earnings on Thursday that beat Wall Street expectations but offered soft guidance for the current quarter. Full ...
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Intel shares slid in extended trading on Thursday after the chipmaker said it would lay off over 15% of its employees as part of a $10 billion cost-reduction plan and reported lighter results than analysts had envisioned. Intel also said it would not pay its dividend in the fiscal fourth quarter of 2024. | CNBC
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Intel shares slid in extended trading on Thursday after the chipmaker said it would lay off over 15% of its employees as part of a $10 billion cost-reduction plan and reported lighter results than analysts had envisioned. Intel also said it would not pay its dividend in the fiscal fourth quarter of 2024. | CNBC
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Intel shares slid in extended trading on Thursday after the chipmaker said it would lay off over 15% of its employees as part of a $10 billion cost-reduction plan and reported lighter results than analysts had envisioned. Intel also said it would not pay its dividend in the fiscal fourth quarter of 2024. | CNBC
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Intel shares slid in extended trading on Thursday after the chipmaker said it would lay off over 15% of its employees as part of a $10 billion cost-reduction plan and reported lighter results than analysts had envisioned. Intel also said it would not pay its dividend in the fiscal fourth quarter of 2024. | CNBC
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Intel beats on revenue and raises full-year outlook
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Intel CFO David Zinsner said President Donald Trump’s tariffs and retaliation from other countries has increased the likelihood of a recession. Intel reported better-than-expected first-quarter results, partially because some customers stockpiled chips ahead of tariffs, the company said. However, guidance for revenue and profit was below expectations, pushing the chipmaker’s stock down more than 5% in extended trading. More details: cnb.cx/3S4giZ8 | CNBC
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Intel CFO David Zinsner said President Donald Trump’s tariffs and retaliation from other countries has increased the likelihood of a recession. Intel reported better-than-expected first-quarter results, partially because some customers stockpiled chips ahead of tariffs, the company said. However, guidance for revenue and profit was below expectations, pushing the chipmaker’s stock down more than 5% in extended trading. More details: cnb.cx/3S4giZ8 | CNBC
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Intel shares slipped Thursday after President Donald Trump called for the chipmaker's CEO, Lip-Bu Tan, to resign immediately. Read more: cnb.cx/4fse00W | CNBC
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Intel said its foundry business recorded an operating loss of $7 billion in 2023 on sales of $18.9 billion. https://cnb.cx/3J4UtUK | CNBC
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Nvidia said it will invest $5 billion in Intel as part of a deal to co-develop data center and PC chips with the troubled chipmaker, which took on the U.S. government as an investor last month. Full details: cnb.cx/46dTy0I | CNBC
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Intel on Thursday announced its new Panther Lake processors slated to debut in laptops next year. CNBC's Kristina Partsinevelos has the details. Read more: cnb.cx/3W1Fstt | CNBC
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Intel is now in high-volume production of its latest chip node, 18A, at a new Arizona fab it hopes will compete with TSMC. But so far, no major outside customers have emerged. Following years of missteps, Intel faces an uphill battle to regain customer trust. In the meantime, its received billions from Nvidia, SoftBank and the U.S. government - which took a 10% stake in the company. CNBC got the first ever on-camera tour inside Fab52 and asked its foundry head why this time, it won’t fail. Find
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The Biden-Harris administration announced Monday that Intel has been awarded an additional up to $3 billion in direct funding under the CHIPS and Science Act for the "Secure Enclave" program. The announcement comes as Intel faces mounting pressure over its foundry program, which manufacturers chips for others. More details about the announcement here: | CNBC
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Sen. Elizabeth Warren on Wednesday distanced the Trump administration's recent agreement to take a 10% stake in chipmaker Intel from a years-ago proposal by her and Sen. Bernie Sanders that would've turned CHIPS Act grants into equity in exchange for the company meeting certain conditions. "That's just Donald Trump doing shakedowns and not advancing the interests of the American economy and the American worker," Warren said. Watch the full interview: cnb.cx/469ANLQ | CNBC
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