From CNBC: 2025-01-30 16:37:34

Intel’s quarterly guidance disappoints, but earnings and revenue beat estimates. Revenue fell 7% from last year, leading to a net loss of $126 million. Departing CEO Pat Gelsinger left Intel behind in AI, leading to new co-CEOs. Q1 profit is expected to break even, with revenue between $11.7 billion and $12.7 billion. Intel finalized $7.86 billion in U.S. government grants and plans to launch new chips in 2025. Intel shares were down 1% before the earnings call at 5 p.m. ET.



Read more at CNBC:: Intel (INTC) Q4 earnings report 2024