Intel Reports Q1 Revenue Up Slightly to $9.93B

Ticker: INTC · Form: 10-Q · Filed: 2024-04-26T00:00:00.000Z

Sentiment: neutral

Topics: earnings, revenue, semiconductors

Related Tickers: AMD, NVDA, QCOM

TL;DR

INTC Q1 revenue $9.93B, net income $4.26B. Slight growth.

AI Summary

Intel Corporation (INTC) filed its 10-Q for the period ending March 30, 2024, reporting total net revenue of $9.93 billion for the first quarter of 2024, a slight increase from $9.80 billion in the same period of the prior year. Net income attributable to Intel Corporation was $4.26 billion, up from $4.23 billion year-over-year. The company's diluted earnings per share were $0.49 for the quarter.

Why It Matters

This filing provides insight into Intel's financial performance in early 2024, indicating a modest revenue and net income increase, which is crucial for investors assessing the company's current market position and future prospects in the competitive semiconductor industry.

Risk Assessment

Risk Level: medium — Intel operates in the highly competitive and rapidly evolving semiconductor industry, facing significant technological and market risks.

Key Numbers

Key Players & Entities

FAQ

What was Intel's total net revenue for the first quarter of 2024?

Intel's total net revenue for the first quarter of 2024 was $9.93 billion.

How did Intel's net income in Q1 2024 compare to Q1 2023?

Intel's net income in Q1 2024 was $4.26 billion, a slight increase from $4.23 billion in Q1 2023.

What was the diluted earnings per share for Intel in the quarter ending March 30, 2024?

The diluted earnings per share for Intel in the quarter ending March 30, 2024, was $0.49.

What is the fiscal year end for Intel Corporation?

Intel Corporation's fiscal year ends on December 30.

What is the primary business address for Intel Corporation?

Intel Corporation's primary business address is 2200 Mission College Blvd, Santa Clara, CA 95054.

From the Filing

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