🧵 1. Intel projects weaker Q1 2024 outlook, but CEO Gelsinger remains confident in sequential and year-on-year growth in revenue and EPS for the fiscal year. #tech
🧵 1. Intel projects weaker Q1 2024 outlook, but CEO Gelsinger remains confident in sequential and year-on-year growth in revenue and EPS for the fiscal year. #tech
🧵 2. Intel's first quarter revenue expected to be between $12.2B and $13.2B, down from $15.4B in Q4 2023.
🧵 3. Despite subpar guidance, Intel CEO emphasizes focus on beating Q1 numbers and building momentum with improving product line.
🧵 4. Intel's foundry business benefits from AI interest, with the deal value for IFS over $10B. Revenue to be realized in 2025, with peak costs in 2024.
🧵 5. Intel confident in competitiveness and industry leadership potential, despite partnerships with rival chipmakers.
🧵 Read more at: https://www.investopedia.com/4-key-takeaways-from-intel-s-earnings-call-8550093