Intel's Financial Performance in Q4 2024

Intel Corporation disclosed its financial results for the fourth quarter of fiscal year 2024, revealing a 7% annual decrease in revenue, totaling $14.3 billion. The company also reported a GAAP diluted loss per share of $0.03, a significant drop of 105% compared to the previous year.

Annual Revenue and Future Outlook

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

Leadership's Perspective on Results

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

Market Reaction

Following the announcement of these financial results, Intel's shares experienced a 1.85% increase in the after-hours trading session at 4:20 pm ET.