The earnings call presented a mixed outlook. Intel beat its revenue and EPS guidance for Q4 2024 and made progress in its Intel Foundry Services. However, challenges remain in the AI data center market, competitive pressures are affecting margins, and significant financial losses in the foundry segment persist. The company is focusing on product innovation and partnerships to improve its market position.

Company Guidance

In the fourth quarter of 2024, Intel exceeded its guidance for revenue, gross margin, and EPS. The company reported $14.3 billion in revenue, a 7% sequential increase, with non-GAAP gross margins reaching 42.1%, surpassing expectations by 260 basis points. This was driven by robust performance in Intel Products, which saw $13 billion in revenue, up 7% sequentially, with strong contributions from CCG, DCAI, and NEX segments. Intel Foundry also reported $4.5 billion in revenue, with an improved operating loss due to an enhanced EUV wafer mix, which grew from 1% in 2023 to over 5% in 2024. Looking ahead, Intel provided Q1 2025 guidance with revenue expectations ranging from $11.7 billion to $12.7 billion, a non-GAAP gross margin of approximately 36%, and break-even EPS. The company continues to focus on improving execution and operational efficiency, with a target to achieve break-even operating income for Intel Foundry by the end of 2027.

Revenue and EPS Beat Expectations

Intel delivered revenue, gross margin, and EPS above guidance for Q4 2024. Revenue was $14.3 billion, up 7% sequentially, which was at the high end of the range provided in October.

Intel Foundry Progress

Intel Foundry achieved key grant-related milestones, receiving $1.1 billion in Q4 and an additional $1.1 billion in January from the U.S. Department of Commerce, as part of a grant agreement up to $7.86 billion.

Positive Market Position in AI PC CPUs

Intel maintained a strong position in the AI PC CPU market, with plans to ship more than 100 million systems by the end of 2025.

Panther Lake and Nova Lake Launch

Intel is on track to launch Panther Lake, its lead product on Intel 18A, in the second half of 2025, with Nova Lake planned for 2026, promising better performance and margins.

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Intel (INTC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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INTC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 24, 2025	2025 (Q1)	<0.01 / -	0.18	―	―	―
Jan 30, 2025	2024 (Q4)	0.12 / 0.13	0.54	-75.93% (-0.41)
Oct 31, 2024	2024 (Q3)	-0.02 / -0.46	0.41	-212.20% (-0.87)
Aug 01, 2024	2024 (Q2)	0.10 / 0.02	0.13	-84.62% (-0.11)
Apr 25, 2024	2024 (Q1)	0.14 / 0.18	-0.04	550.00% (+0.22)
Jan 25, 2024	2023 (Q4)	0.45 / 0.54	0.1	440.00% (+0.44)
Oct 26, 2023	2023 (Q3)	0.22 / 0.41	0.59	-30.51% (-0.18)
Jul 27, 2023	2023 (Q2)	-0.04 / 0.13	0.29	-55.17% (-0.16)
Apr 27, 2023	2023 (Q1)	-0.16 / -0.04	0.87	-104.60% (-0.91)
Jan 26, 2023	2022 (Q4)	0.20 / 0.10	1.09	-90.83% (-0.99)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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INTC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 30, 2025	$20.01	$19.43	-2.90%
Oct 31, 2024	$21.52	$23.20	+7.81%
Aug 01, 2024	$28.87	$21.34	-26.08%
Apr 25, 2024	$34.75	$31.55	-9.21%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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