Intel Corporation
Intel Reports Fourth-Quarter 2024 Financial Results with Earnings Beat
Summary
Intel Corporation reported a fourth-quarter 2024 loss per share of $(0.03) on a GAAP basis but beat non-GAAP expectations with earnings per share of $0.13. The company's revenue for the quarter was $14.3 billion, a 7% decrease year-over-year. Intel provided a first-quarter 2025 outlook expecting a GAAP loss per share of $(0.27) and a non-GAAP breakeven per share. A press release with detailed financial results is attached as Exhibit 99.1.
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About Intel Corporation
Intel Corporation is a multinational corporation and technology company known for its semiconductor products. As a leader in the global semiconductor industry, Intel primarily focuses on designing and manufacturing products like microprocessors, integrated graphics, and other computing components. These semiconductors are vital for the functioning of computers, laptops, and various consumer electronic devices. Intel's products play a crucial role in fields such as data centers, computing solutions, Internet of Things (IoT), and more. The company’s innovations in semiconductor design have significant implications for technology advancement, impacting industries ranging from personal computing to automotive technology. Founded in 1968 and headquartered in Santa Clara, California, Intel Corporation has been a pivotal player in pioneering advances in technology infrastructure worldwide, continuously pushing the boundaries of processing power and efficiency to support consumer electronics and enterprise technology needs.
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