Intel: Q4 EPS quartered

(CercleFinance.com) - On Thursday evening the microprocessor manufacturer Intel reported adjusted EPS (non-GAAP) of 13 cents for Q4 2024, down 76% y-o-y, with an adjusted operating margin down 7.
1 points to 9.6%.

The group's adjusted gross margin fell 6.7 points to 42.1% on revenues down 7% to $14.3bn, with declines of 9% for the Client Computing Group business and 13% for the Intel Foundry division.

The cost-cutting plan we announced last year to improve the Group's trajectory is having an impact, said interim co-CEO and CFO David Zinsner. We are instilling a culture of efficiency throughout the business.

Intel is targeting Q1 2025 adjusted EPS of zero, an adjusted gross margin of 36% and revenue of $11.7bn to $12.7bn, reflecting seasonal weakness reinforced by macro uncertainties, inventory digestion and competitive dynamics.


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