Intel Corporation's Q4 earnings report revealed a 10% revenue increase to $15.4 billion, but the company's forecast for Q1 2024 disappointed investors with projected revenues of $12.2 billion to $13.2 billion, significantly below the expected $14.25 billion. The guidance also included a lower-than-anticipated non-GAAP EPS of $0.13 versus estimates of $0.33 and a gross margin prediction of 44.5%, compared to the expected 45.5%. Intel's full-year revenue was $54.2 billion, down 14% YoY, and its data center and AI group revenue was down 10%. Mobileye was cited as a big factor in the softness. Intel's stock price suffered as a result, with shares falling up to 11.91% to $43.65. CEO Pat Gelsinger attributed the weak forecast to seasonal lows in demand for core businesses and challenges in the data center and AI chip segments, where Intel continues to face stiff competition from rivals like Nvidia and AMD.
Intel’s stock suffers its worst day since July 2020 https://t.co/GgqVWKH3XX
$INTC finishes down 11.91% to $43.65 #trading #stocks #markets
Intel CEO on stock price sell-off after earnings: it's an overreaction https://t.co/zrS1chXEgX by @BrianSozzi
Intel shares tumbled as much as 10% after the chipmaker forecast first-quarter revenue that could miss market estimates by more than $2 billion. The firm’s core businesses were hitting a seasonal low in demand, CEO Pat Gelsinger said Read more: https://t.co/ECSkkEnJ92 https://t.co/Acd6Kmf66g
Intel shares tumbled as much as 10% after the chipmaker forecast first-quarter revenue that could miss market estimates by more than $2 billion. The firm’s core businesses were hitting a seasonal low in demand, CEO Pat Gelsinger said https://t.co/SEoDPFizSC https://t.co/TkwQIMmbBx
Intel posts Q4 revenue of $15.4B, up 10% but Q1 expectations weak https://t.co/vvGpc9Hjkp via @GamesBeat
Intel on pace for worst day since 2020 on weak outlook https://t.co/ZoQqo4HTj0
“I’m confident in a great ‘24 for this company,” says Intel CEO Pat Gelsinger after the company's first-quarter projections for both sales and profit came in well short of Wall Street estimates https://t.co/sqwbALYeqX https://t.co/nq43BSYsDJ
INTC ceo: SAYS MARKET REACTION TO Q1 FORECAST IS `OVERSTATED' translation: 'we don't know what we are doing and cannot understand why NVDA and AMD are kicking our ass. but please don't sell our stock, we haven't sold ours in front of you yet'
#MustRead: Intel ended 2023 on a positive note, but had a lacklustre year overall with revenue drops among its key businesses. https://t.co/zP5AfP9kYJ
$INTC shares drop after a tepid outlook in their latest earnings. CEO @PGelsinger says it's "a bit of an overreaction." He sits down with @BrianSozzi to discuss: https://t.co/KWvMrZzbMb
Intel tumbles as chipmaker falls further behind in AI race https://t.co/cMwuJrhVmE https://t.co/qgg9y9iyWp
*INTEL CEO SAYS MARKET REACTION TO Q1 FORECAST IS `OVERSTATED'
$INTC | Intel CEO: Market Reaction To Q1 Forecast Is ‘Overstated’ - BBG TV - Foundry Business Has ‘Good Momentum’
🔴 INTEL CEO: MARKET REACTION TO Q1 FORECAST IS OVERSTATED.
Intel forecast first-quarter revenue that could miss market estimates by more than $2 billion, as demand for its chips used in traditional servers and personal computers has dropped Read more: https://t.co/ECSkkEnbju https://t.co/0XQ67ynf2O
Intel forecast first-quarter revenue that could miss market estimates by more than $2 billion, as demand for its chips used in traditional servers and personal computers has dropped https://t.co/SEoDPFizSC https://t.co/TGMWYZN00R
$NVDA Sigh... They are now buying calls with a 770 strike! https://t.co/C103ORtEVh
Intel $INTC opened today down 10% following its earnings https://t.co/gab8oM7Wkt
Intel shares plunge as chip maker falls further behind in AI race amid PC market hurdles https://t.co/GlRYtreSwV https://t.co/qN36BfhYQA
Intel serves up ‘a lot of meat for the bears’ as stock flirts with worst drop in two years https://t.co/88ZcMYuQmn
I speak with @Intel CEO @PGelsinger about holiday quarter results, the Q1 guide, progress on $INTC's turnaround and the foundry partnership with $UMC. https://t.co/rmLBaenCaZ
$INTC $MBLY Intel CEO Pat Gelsinger said on a call with analysts that the core businesses — PC and server chips — would be at the low end of the the company’s seasonal range in the current quarter, but that overall sales would take a hit because of weakness in subsidiaries…
Intel warns of Q1 nosedive... and its shares follow suit https://t.co/HoGAcwvraI
Intel slumps as muted outlook highlights AI gap with rivals Nvidia and AMD https://t.co/1V72clYEUt
Intel ended 2023 on a positive note, but had a lacklustre year overall with revenue drops among its key businesses. https://t.co/zP5AfP9kYJ
Intel shares plunged as much as 10% in after-hours trade after the chipmaker forecast first-quarter revenue that could miss market estimates by more than $2 billion Read more: https://t.co/ECSkkEnJ92 https://t.co/d1PlYRrHVW
🔸 $INTC down 10.3% premkt 📉 $INTC: Summit Insights Downgrades to Hold from Buy 📈 $INTC: Goldman Sachs raises price target to $39 from $34 📈 $INTC: Goldman Sachs raises price target to $39 from $34 📉 $INTC: Wedbush Cuts price target to $40 from $45 📉 $INTC: Mizuho…
$INTC down 10.3% premkt 📉 $INTC: Summit Insights Downgrades to Hold from Buy 📈 $INTC: Goldman Sachs raises price target to $39 from $34 📉 $INTC: Wedbush Cuts price target to $40 from $45 📉 $INTC: Goldman Sachs raises price target to $39 from $34 📉 $INTC: Mizuho…
Intel tumbles on dismal forecast, weak PC chip demand https://t.co/ZiOG36MmZN https://t.co/eOssw7REcs
Intel shares plunged as much as 10% in after-hours trade after the chipmaker forecast first-quarter revenue that could miss market estimates by more than $2 billion https://t.co/SEoDPFizSC https://t.co/mBrZZmCKlW
⚠️ INTEL TUMBLES ON DISMAL FORECAST, WEAK PC CHIP DEMAND (Reuters) Intel slumped nearly 12% on Friday reeling from a bleak first-quarter revenue outlook as the chipmaker struggles to navigate uncertain demand in traditional computing markets and attempts to play catch up in…
Intel takes stock hit amid disappointing 2024 outlook https://t.co/zP5AfP9kYJ
Intel share price sinks after publishing anaemic 2024 forecast https://t.co/1q4PAFAaKm https://t.co/rjDlzlFrUv
The chipmaker's guidance for the first quarter was lower than analysts were forecasting, even after some recent pullbacks. https://t.co/n5oLKnqpYO
Intel forecast revenue for the first quarter that could miss market estimates by more than $2 billion, as it grapples with uncertain demand for its chips used in the traditional server and personal computer markets Read more: https://t.co/ECSkkEnJ92 https://t.co/zhimLXMgCq
Intel forecast revenue for the first quarter that could miss market estimates by more than $2 billion, as it grapples with uncertain demand for its chips used in the traditional server and personal computer markets https://t.co/SEoDPFizSC https://t.co/r2vQcbbeTg
Intel stock sinks as early 2024 outlook comes up short $INTC https://t.co/u38pb7XYYv
$INTC | Wedbush Analyst Says 'Bit Surprised' After Intel's First-Quarter Guidance Falls Short By Over $1B Intel Corporation‘s first-quarter guidance for 2024 has failed to meet revenue expectations by more than $1 billion, catching analysts off guard. What Happened: Matt… https://t.co/ad5I7wN5dV
Poletti: Intel's plunge shows Wall Street still hasn't learned lesson on AI hype https://t.co/LFRncSarBy
Intel is struggling to gain traction in AI chips while Nvidia and AMD roar ahead https://t.co/qOEj0dbBxY
Intel’s stock plunge shows that Wall Street still hasn’t learned its lesson on AI hype https://t.co/kIqT6pWNHD
$NVDA - couple rides to 627, now the payoff $SPY $INTC https://t.co/KIhSKM9VCX
Intel’s stock tanks on lower sales forecast https://t.co/6J5HuISpn8
Research Note: Intel Earnings and UMC News Takeaways. High-level thoughts on Intel's earnings, and I address the weak guide. The UMC news is where Intel is finally taking a page from TSMC's book. https://t.co/tmoqGHd8sl
$NVDA down 2% in after hours. Finally some profit taking possibly in sympathy to $INTC earnings.
Here we go: @Intel Q4 Earnings and Full Year. (Updated) Quick Summary: Good finish in the quarter but definitely taking it in the nose for a soft guide that came in well below expectations. Mobileye is a big factor in the softness. Great finish though for both Mobileye and IFS.… https://t.co/YmWqM5M2sh
Intel Reports Fourth-Quarter and Full-Year 2023 Financial Results Q4 revenue was $15.4B, up 10% YoY Full-year revenue was $54.2B, down 14% YoY https://t.co/7AzHf8Oj0a #HPC #AI https://t.co/AsqrR2b7XT
On the investor call, @intel does a good job explaining the soft guide, and low-end of seasonality in core business, but, sounds very confident in QoQ and YoY growth here on out driven by strength in the core product business.
INTEL SHARES ARE NOW DOWN 10% AFTER MISSING GUIDANCE AND BACK BELOW $45 GOOD MOVE ON SELLING ALL REMAINING SHARES AT $45 IN NOVEMBER $INTC https://t.co/ZArgtocgpg
Key Earnings Reports Tomorrow Before the Open: American Express $AXP Autoliv $ALV Booz Allen Hamilton $BAH Colgate-Palmolive $CL Fortis $FTS Norfolk Southern $NSC After the Close: None For more details, start a trial at https://t.co/H4p1RcpNxV.
Following Texas Instruments' extremely poor guidance, semiconductor industry giant Intel forecasts huge Q1 miss (revenues guided to range of $12.2B-$13.2B vs. $14.2B expected) & EPS 62% lighter. INTC -7% after/hours. Western Digital also with poor guide, down 4% after/hours
Intel forecasts quarterly revenue below estimates, stock falls https://t.co/BDw3SXIq5I https://t.co/z9RqosMLv4
Here we go: Intel Q4 Earnings and Full Year. Quick Summary: Good finish in the quarter but definitely taking it in the nose for a soft guide that came in well below expectations. @Mobileye is a big factor in the softness. Great finish though for both Mobileye and IFS. Talked to… https://t.co/QedPspaS5J
Collapse of $INTC after hours down 8% now.
$V $WDC and $INTC all announced earnings. All stocks down 2% - 4% after hours. I think tomorrow the market goes lower guided by $INTC
Intel falling after issuing weaker than expected guidance We get @PatrickMoorhead's first take on the numbers $INTC @JonFortt https://t.co/wgp92xdgsC
Intel Tumbles After Guidance Misses Expectations Despite Strong Q4 Earnings https://t.co/cwy4bYhTia
Intel sinks after first quarter outlook disappoints https://t.co/6bIdDU4jgV by @DanielHowley
Intel reported that its fourth-quarter revenue was $15.4 billion, up 10% from a year earlier. But the Q1 forecast is weak. https://t.co/NnExTShblP
Intel’s earnings forecast comes up well short, sending stock lower https://t.co/B8euMRhX4K
"I'm a bit surprised the numbers are coming down as much as they are," Wedbush Securities SVP of equity research Matt Bryson says on $INTC earnings guidance missing estimates. "This was certainly a bit more than I expected." https://t.co/lwNj3668sU
Intel stock sinks as early 2024 outlook comes up short https://t.co/vrvKyBWTG6
$INTC outlook miss, shares down 6% 1Q24 non gaap eps guide now $0.13 vs est 0.33 Sees rev 12.2bn to 13.2bn, est 14.25bn for 1Q24 Sees gross margin 44.5% vs est 45.5% for 1Q24 https://t.co/rgpbGx0Cy6
Intel gave a disappointing forecast for the current period, signaling that it continues to struggle to defend its once-dominant position in data center chips https://t.co/6Tipm1pUUc
But Intel shares off after-hours. I'm guessing the Q1 outlook disappointed...
A rebound in PC-related businesses helped Intel's revenues jump 10% in Q4. But data center and AI group revenue was down 10% https://t.co/E4cBp8yYyl
$INTC: EPS Beat by 10c Rev Beat -- Rev $15.4B .. Exp $15.1B Guides Down
$NVDA holding near 618 BREAK w/ vol lets go!!!! hopefully, close below 610 today https://t.co/LIvXmX6Rrg
$NVDA Just when you thought they were finally done... Now they are targeting the 700 strike with millions of premium! https://t.co/cJYGDkbktt
Intel earnings: What to expect on PC, data-center, and AI trends https://t.co/NkXq25DMYO
Top Earnings Fri 1/26 Pre: $ALV $AXP $BAH $BKU $BMI $CL $DCOM $FCNCA $FHB $GNTX $NSC $OXLC $SBSI $SPFI $STEL
Intel’s PC Sales Are the Risk. Its Guidance Could Be a Letdown. https://t.co/cjKgKcRRyN
Earnings tomorrow: $INTC Intel $V Visa $AAL American Airlines $LUV Southwest Airlines $TMUS T-Mobile