Intel's Financial Performance in Q4 2024

Intel Corporation reported a significant 7% decline in its fourth-quarter revenue for the fiscal year 2024, totaling $14.3 billion. The company also disclosed a GAAP diluted loss per share of $0.03, marking a drastic 105% decrease from the previous year.

Annual Revenue and Future Projections

For the entire year, Intel's revenue slightly decreased by 2% to $53.1 billion. The GAAP diluted loss per share for 2024 was recorded at $4.38, a sharp contrast to $0.40 in the previous year. Looking ahead, Intel anticipates its first-quarter revenue for 2025 to be between $11.7 billion and $12.7 billion.

Leadership's Perspective on Financial Results

"Our cost reduction initiative is beginning to influence the company's direction positively," stated David Zinsner, Intel's interim co-CEO. He attributed the first-quarter outlook to seasonal weaknesses, compounded by economic uncertainties, inventory adjustments, and competitive pressures.

Market Reaction

Following the announcement, Intel's stock experienced a 1.85% increase in after-hours trading at 4:20 pm ET, indicating investor optimism about the company's strategic adjustments.