Intel's quarterly revenue tops expectations as investors await new CEO
Intel on Thursday posted December-quarter results that beat analysts' low expectations, while its forecast for current-quarter revenue missed estimates as the chipmaker grapples with tepid demand for its data center chips and as investors wait for a new CEO.
Intel forecasts first-quarter revenue below estimates
Intel's first-quarter revenue forecast on Thursday missed analyst estimates, as the chipmaker grapples with tepid demand for traditional data center chips and declining share in the key personal computer market.
Intel's CEO Search in Focus as Chipmaker Set to Post Lower Revenue
Intel will face investor scrutiny on its CEO search when it reports quarterly results on Thursday, as the chipmaker stares at another big decline in revenue due to weak PC sales and its shrinking share in the datacenter market.
Intel's Revenue Forecast Disappoints as Investors Await New CEO
Intel last year scrapped a 2024 forecast that it would sell over $500 million worth of its new AI processors, named Gaudi, suggesting they struggled to compete against Nvidia's chips. On an adjusted, per-share basis, Intel forecast it would break-even for the current quarter. Analysts expect adjusted profit of 9 cents per share.
Intel’s CEO Search Continues as Revenue Drops
After its worst annual performance in decades, the chipmaker faces investor questions about its strategy and leadership.
Intel, still without a permanent CEO, says sales will keep falling
Coming off one of the most difficult years in its history, Intel said it expects sales will fall by more than 6% in the first part of 2025. The company blamed an uncertain global economy, growing competition and weak demand from its core customers for its difficult outlook.
Intel cancels AI chip, talks painful past and simplified future
Today on the earnings call, Intel co-CEO Michelle Johnston Holthaus didn’t commit to either keeping or spinning out the ...
Intel won’t bring its Falcon Shores AI chip to market
Intel is effectively killing Falcon Shores, its next-generation GPU for high-performance computing and AI workloads.
Intel's former CEO says the market is getting DeepSeek wrong after AI-chip-stock rout
Retired Intel CEO Pat Gelsinger said "the markets are getting it wrong" Monday after investors triggered a sell-off in ...
DeepSeek Could Boost Intel Stock
The industry expects the resource-light new model could usher in a wave of more efficient AI models, hurting demand for AI ...
Former Intel CEO Pat Gelsinger is already using DeepSeek instead of OpenAI at his startup, Gloo
The tech industry's reaction to AI model DeepSeek R1 has been wild. Pat Gelsinger, for instance, is elated and thinks it will ...
Intel Revenues Fall 7 Percent to $14.3 Billion
Microprocessor giant Intel posted a loss of $100 million on revenues of $14.3 billion in the quarter ending 28, 2024.
Intel Forecasts Loss as It Moves Closer To Separating Manufacturing Operations
Chip-maker Intel reported a slump in fourth-quarter sales and gave a gloomy outlook for its current period that executives said reflected a seasonal buying swoon. For decades the leading U.S.
Intel: The Empire Strikes Back
Intel Corporation's Q4 earnings highlight sequential improvement and potential for growth under a new CEO. Click here to find ...
Microsoft Reveals New Surface Laptop 7 and Surface Pro 11 With Intel Chips
On Jan. 30, Microsoft showed off the latest Surface for Business Copilot+ PCs, Surface Laptop 7 and Surface Pro 11. Both will be on store shelves Feb. 18. Just a day earlier, the company announced all ...
Intel reveals foundries lost $13 billion last year, hints at what’s next
Today on the earnings call, Intel co-CEO Michelle Johnston Holthaus didn’t commit to either keeping or spinning out the foundries, but hinted that “Intel Foundry will need to ...