Intel's fourth-quarter revenue reached $15.4 billion, marking a 10% increase year-over-year, driven by a rebound in PC-related businesses. However, the data center and AI group revenue experienced a 10% decline. The Q1 forecast is weak, with the company expecting its core businesses to be at the low end of the seasonal range, leading to an overall sales hit due to weakness in subsidiaries. CEO Pat Gelsinger expressed confidence in quarter-over-quarter and year-over-year growth, driven by strength in the core product business. The soft guide was attributed to Mobileye's performance. Additionally, Intel's full-year revenue was $54.2 billion, down 14% year-over-year.
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…
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
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.
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
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
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