Intel CEO Lip-Bu Tan holds a wafer of CPU tiles for the Intel Core Ultra series 3, code-named Panther Lake, outside the Intel Ocotillo campus in Chandler, Arizona.
Intel reported fourth-quarter earnings on Thursday that beat Wall Street expectations but offered soft guidance for the current quarter.
Shares of the company were down as much as 5% in after-hours trading.
Here's how the chipmaker did versus LSEG consensus estimates:
EPS : 15 cents, adjusted, versus 8 cents estimated
: 15 cents, adjusted, versus 8 cents estimated Revenue: $13.7 billion, versus $13.4 billion estimated
Intel said it expected first-quarter revenue between $11.7 billion and $12.7 billion, and breakeven adjusted earnings per share. That came in below LSEG expectations of 5 cents earnings per share on $12.51 billion in sales.
The company said it had a net loss of $600 million, or 12 cents per diluted share. Intel reported a net loss of $100 million, or 3 cents per share, in the year-ago period.
Intel is reporting December quarter earnings as the stock has risen 147% in the past year. That's been driven by optimism that the company may be on the cusp of securing its first major anchor customer for its foundry business, which manufactures chips for other companies.
CEO Lip-Bu Tan earlier this month that the company's 18A manufacturing technology — competing with Taiwan Semiconductor Manufacturing Company's 2nm technology — "over-delivered" last year. That suggests that the technology is mature enough to start volume production of products, like Intel's own Core Ultra Series 3 central processor.
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