Intel's Financial Performance in Q4 2024

Intel Corporation has reported a 7% decline in its fourth-quarter revenue for the fiscal year 2024, with figures standing at $14.3 billion. The company also disclosed a GAAP diluted loss per share of $0.03, a significant 105% drop from the previous year.

Annual Revenue and Future Outlook

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

Leadership Insights

"The cost reduction plan we announced last year to improve the trajectory of the company is having an impact," stated Intel's interim co-CEO David Zinsner. He attributed the Q1 outlook to "seasonal weakness" compounded by broader economic uncertainties, ongoing inventory adjustments, and competitive dynamics.

Market Reaction

In response to the earnings report, Intel's shares experienced a 1.85% increase in the after-hours trading session at 4:20 pm ET.