$INTC Intel Q2 2024 Earnings

01 Aug 2024 20:01INTC US Indexes US Stocks
  • Adjusted EPS 2c, est. 10c
  • Revenue $12.83b, est. $12.95b
  • Datacentre & AI revenue $3.05b, est. $3.07b
  • Client Computing revenue $7.41b, est. $7.53b
  • MobilEye revenue $440m, est. $429.7m
  • Adjusted gross margin 38.7%, est. 43.6%
  • Intel Foundry revenue $4.32b, est. $4.47b
  • Sees 3Q revenue $12.5b to $13.5b, est. $14.38b
  • Sees 3Q adjusted loss/share 3c, est. EPS 30c
  • Sees 3Q adjusted gross margin 38%, est. 45.5%
  • Suspending dividend starting 4Q 2024
  • Implementing more than 15% headcount reduction
  • Announces $10b cost reduction plan