Intel updates Q2 2024 revenue forecast to below $13 billion - Breaking The News

Intel updates Q2 2024 revenue forecast to below $13 billion

8 May

1 min read

EPA-EFE/FOCKE STRANGMANN

Intel Corporation has updated its revenue outlook for the second quarter of 2024 after receiving a notice from the Department of Commerce to revoke specific licenses related to exports to China, according to a filing made public by the US Securities and Exchange Commission (SEC) on Wednesday.

"As a result, the Company expects revenue for the second quarter of 2024 to remain in the original range of $12.5 billion to $13.5 billion but below the midpoint. For the full year of 2024, the Company continues to expect revenue and earnings per share to grow year-over-year compared to 2023," the filing revealed.

According to the company's latest earnings report, for the second quarter of 2024, Intel had projected revenue between $12.5 billion and $13.5 billion, with a GAAP gross margin of 40.2% and a loss per diluted share of $0.05. After the notice was issued, Intel fell about 2% in premarket trading in New York.

earnings intel

Related Stocks

Intel Corporation

Adobe's Q3 revenue up 11% to $5.99 billion

3 hours ago

Adobe Inc. reported on Thursday that it achieved "record revenue" in the third quarter of its fiscal 2025 of $5.99 billion, growing 11% compared to the same period a year earlier and beating analysts' expectations. Subscription revenue was up 11.7% to $5.7 billion, while product revenue and services and other revenue fell 17% and 11%, respectively.GAAP net income rose 5.2% to $1.77 billion, or $4.18 per diluted share. Operating income landed at $2.1 billion....

Oracle's Q1 revenue up 12% to $14.9 billion

9 September

Oracle Corporation reported on Tuesday that its revenue for the first quarter of its fiscal 2026 stood at $14.9 billion, jumping 14% on an annual basis, and slightly missing analysts’ expectations. Cloud revenue advanced 28% to $7.2 billion.Year over year, net income was stable and reached $2.9 billion while diluted earnings per share increased by 1.9% to $1.01. Operating income rose 7% to $4.2 billion."The scale of our recent RPO growth enables us to make a...

GameStop Q2 net sales up by 21.8% to $972.2 million

9 September

GameStop Corp. announced on Tuesday that its net sales in the second quarter of the fiscal year 2025 saw an annual rise of 21.8% to $972.2 million. Meanwhile, its net income skyrocketed by more than 1,000% compared to the same period the year before to $168.6 million. The company's diluted earnings per share (EPS) jumped by 675% year-on-year to $0.31.Additionally, GameStop announced a special dividend to be distributed in the form of...

EARNINGS PREVIEW: Oracle, Adobe face AI test

8 September

As the earnings season reaches its twilight, Oracle, Adobe, and GameStop face a sink-or-swim moment in the evolving AI landscape. Spotlight will be on Oracle as it unveils its first-quarter fiscal 2026 results this Tuesday amid its aggressive push into AI and cloud infrastructure.The report will follow a series of high-profile moves, including a $2 billion investment to expand its German cloud operations and a landmark July partnership with OpenAI to build a colossal...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.