Intel bypassed expectations for the fourth quarter, but provided disappointing predictions

Intel reported the fourth quarter results tonight and became expectations.

Intel revenue was $ 14.26 billion, which exceeded analyst expectations ($ 13.8 billion) but was an 8% decrease in relation to the fourth quarter of 2023, which was $ 15.4 billion. Profit for the stock – 13 cents, compared to analyst expectations, which looked at 12 cents a share and 54 cents in the corresponding quarter.

This is Intel’s first report since the departure of CEO Pat Glasinger two months ago, and appointments by VP of David Zinsner (Finance VP) and Michelle Johnston Holoos (Product VP).

Intel announced that she was watching zero profit in the first quarter, with income in a range of $ 11.7-12.7 billion. This compares with the $ 12.87 billion analysts’ forecasts and a coordinated 9 cents for a share.

Intel employees fell within a year by 17,000 from 116,200 to 99,500, the dismissal allowed the company to download $ 300 million in expenses in relation to the corresponding quarter last year (expenses on R&D).

Revenue returns to personal computers – Intel’s main product line – was estimated at $ 8 billion, over 7.8 billion analysts. This is a 9% decrease compared to the corresponding figure last year – then the revenue from the field was $ 8.8 billion. In another unfortunate line is the decline in sitting revenue to the server sector, in stark contrast to the market trend, which dictates a higher number of processors due to hunger for cloud computing and artificial intelligence from the technology giants. Intel revenue in the field fell to $ 3.4 billion, compared with $ 3.3 billion and $ 3.9 billion in the corresponding quarter.

Meanwhile, Intel has also dropped a decrease in the field on which Yahav has put in the past year: production revenue for external customers, under the new “Intel Foundry” business division established about a year ago. Intel revenue in the field has reached $ 4.5 billion, depending on the expectations of analysts who charged 4.5 billion income, a 13% decrease in relation to the corresponding quarter.

Elon Musk supports the company?

After a year of Intel stock ups in 2023, the past year was catastrophic for the stock with a 54%decrease, and will first decrease below the 100 billion dollar value. The company is currently trading at only $ 84 billion, with analysts expecting to see a new CEO that will take her to split between the development division and the production division and sell some of its assets.

One of the hypotheses in the American media touched on an overall transaction relating to the Global Pundriz factory, analog chip factory, Qualcomm, which develops chips to smartphones, and Ayalon Musk as its main sponsor.

Immediately after the US presidential election, Intel received a $ 7.86 billion government grant, and pledged to continue building factories in Arizona and Ohio. Meanwhile, the competitor Taiwan Semiconductor Launched a new US plant that is currently starting to produce advanced processors from Intel.