Intel's Financial Performance in Q4

Intel Corporation revealed its fourth-quarter financial results for the fiscal year 2024, showing a 7% decrease in revenue to $14.3 billion. The GAAP diluted loss per share was reported at $0.03, a significant 105% drop from the previous year.

Annual Revenue Overview

For the full year, Intel's revenue stood at $53.1 billion, marking a 2% decrease compared to the previous year. The GAAP diluted loss per share for 2024 was $4.38, a stark contrast to $0.40 in the prior year.

Looking Ahead

Intel has forecasted its first-quarter revenue for 2025 to be between $11.7 billion and $12.7 billion. David Zinsner, Intel's interim co-CEO, commented on the results, highlighting the impact of the company's cost reduction plan and the anticipation of seasonal weakness influenced by economic uncertainties and competitive dynamics.

Following the announcement, Intel's shares experienced a 1.85% increase in after-hours trading.