From Stockstory.org: 2024-04-25 16:24:19

Intel (NASDAQ: INTC) reported Q1 CY2024 revenue of $12.72 billion, in line with expectations, with a non-GAAP profit of $0.10 per share. Next quarter’s revenue guidance of $13 billion fell short, causing a 4.4% miss. Despite an 8.6% year-on-year revenue increase, Intel’s slow growth led to a 0.4% miss compared to analyst estimates. Inventory days outstanding rose to 139. While the company continues to lead in processors and graphics chips, its stock price currently sits at $33.05, down 6%. Analysts expect revenue to grow by 7.9% over the next 12 months.

Days inventory outstanding (DIO) for Intel hit 139 this quarter, 26 days above its five-year average. This may signal weakening demand and excess inventory. Despite a challenging quarter, which saw a mixed bag of results, including gross margin improvement and revenue misses, Intel may still present an investment opportunity. As the company navigates through industry cyclicality and product demand fluctuations, its long-term growth potential remains promising.



Read more at Stockstory.org: No Surprises In Intel’s (NASDAQ:INTC) Q1 Sales Numbers But Stock Drops on Weak Guidance