Intel's Weak Q1 Guidance Leads to 6% Stock Drop
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 5d ago- Earnings Beat: Intel reported adjusted earnings of 15 cents per share for Q4, surpassing Wall Street's expectation of 8 cents, with revenue of $13.7 billion also exceeding the $13.4 billion estimate, indicating strong performance in the last quarter.
- Weak Q1 Outlook: The company expects Q1 revenue between $11.7 billion and $12.7 billion with breakeven adjusted EPS, significantly below analysts' expectations of 5 cents per share and $12.51 billion in sales, prompting a swift sell-off by investors.
- Increased Net Loss: Intel reported a net loss of $600 million, or 12 cents per share, a substantial increase from the $100 million loss or 3 cents per share reported in the same quarter last year, reflecting mounting pressures and challenges in the competitive landscape.
- Insufficient Customer Demand: While the Data Center and AI segment grew to $4.7 billion, a 9% year-over-year increase, the Client Computing Group's revenue fell 7% to $8.2 billion, highlighting Intel's struggles with customer acquisition and market demand.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
