Intel Non-GAAP EPS of -$0.46 misses by $0.43, revenue of $13.28B beats by $240M
- Intel press release (NASDAQ:INTC): Q3 Non-GAAP EPS of -$0.46 misses by $0.43.
- Revenue of $13.28B (-6.2% Y/Y) beats by $240M.
- Shares +0.97%.
- Third-quarter GAAP earnings (loss) per share attributable to Intel (INTC) was $(3.88)
- $(3.89) impact to GAAP EPS attributable to Intel from $15.9 billion of impairment charges and $2.8 billion of restructuring charges; $(0.63) impact to non-GAAP EPS attributable to Intel from $3.1 billion of impairment charges.
- Making significant progress on plan to deliver $10 billion in cost reductions in 2025.
- Forecasting fourth-quarter 2024 revenue of $13.3 billion to $14.3 billion; expecting fourth-quarter GAAP EPS attributable to Intel of $(0.24); non-GAAP EPS attributable to Intel of $0.12.
-
Business Outlook
Intel’s guidance for the fourth quarter of 2024 includes both GAAP and non-GAAP estimates as follows:
Q4 2024
GAAP
Non-GAAP
Revenue
$13.3-14.3 billion
Gross Margin
36.5%
39.5%
Tax Rate
(50)%
13%
Earnings (Loss) Per Share Attributable to Intel—Diluted
$(0.24)
$0.12
- Q4 EPS consensus is $0.07
- Q4 revenue consensus is $13.72B