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Intel (INTC) Q3 2024 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

Intel Corporation (INTC)  More Company Research Source: Globe and Mail, The
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Chief Financial Officer — David Zinsner Corporate Vice President, Investor Relations — John Pitzer Takeaways Revenue -- $13.3 billion, up 4% sequentially, reaching the upper half of the previously guided range for the quarter. Non-GAAP gross margin -- 18%, negatively impacted by approximately $3 billion in non-cash impairment and accelerated depreciation charges related primarily to Intel 7 assets, reducing gross margin by about 2,300 basis points. Non-GAAP EPS -- Loss of $0.46, with the $3 billion charge reducing EPS by approximately $0.61 per share. Workforce reduction -- More than 15% of employees targeted for reduction, with headcount actions largely completed during the quarter. Capital expenditure reduction -- Over 20% reduction versus the original annual plan, as part of the cost containment strategy. Q3 restructuring and impairment charges -- $15.6 billion in total, including nearly $10 billion deferred tax asset impairment due to cumulative GAAP losses, $2.6 [Read more]
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Intel (INTC) Q3 2024 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

Intel Corporation  (INTC) 
More Company Research Source: Globe and Mail, The
Last intel corporation earnings: 4/23 04:07 pm Check Earnings Report
US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Chief Financial Officer — David Zinsner Corporate Vice President, Investor Relations — John Pitzer Takeaways Revenue -- $13.3 billion, up 4% sequentially, reaching the upper half of the previously guided range for the quarter. Non-GAAP gross margin -- 18%, negatively impacted by approximately $3 billion in non-cash impairment and accelerated depreciation charges related primarily to Intel 7 assets, reducing gross margin by about 2,300 basis points. Non-GAAP EPS -- Loss of $0.46, with the $3 billion charge reducing EPS by approximately $0.61 per share. Workforce reduction -- More than 15% of employees targeted for reduction, with headcount actions largely completed during the quarter. Capital expenditure reduction -- Over 20% reduction versus the original annual plan, as part of the cost containment strategy. Q3 restructuring and impairment charges -- $15.6 billion in total, including nearly $10 billion deferred tax asset impairment due to cumulative GAAP losses, $2.6 [Read more]
IMPACT SNAPSHOT
EVENT TIME:
INTC
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS