Intel Corp
INTC
ISIN US4581401001 / Valor 941595
Intel Corp
UMushroom community rating:
About company
Intel Corporation is a global technology company that focuses on sales, marketing, communications, and strategic initiatives to drive growth and innovation. The company's business includes global sales, business management, marketing, communications, corporate planning, customer support, and customer success teams. Intel also engages in growth-oriented strategies such as mergers and acquisitions, strategic partnerships, and incubation initiatives through its Global Strategy Office. Additionally, Intel Foundry Services (IFS) offers differentiated systems foundry services, including wafer fabrication, packaging, and chiplet integration. Overall, Intel Corporation aims to broaden its business opportunities and strengthen relationships with customers and partners worldwide.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (20.08.2024):
Revenue
Intel Corp reported second-quarter 2024 revenue of $12.8 billion, which represents a 1% decrease year over year. This slight decline reflects the challenging market conditions and competitive pressures the company is facing.
Earnings Per Share
For the second quarter of 2024, Intel Corp's GAAP earnings per share (EPS) was a loss of $(0.38), while the non-GAAP EPS was $0.02. These figures highlight the financial challenges the company is currently navigating.
Cost Reduction Plan
Intel Corp announced a $10 billion cost reduction plan aimed at increasing efficiency and market competitiveness. This plan includes significant headcount reductions and operating expense cuts, which are expected to improve the company's financial health.
Dividend Suspension
Starting in the fourth quarter of 2024, Intel Corp will suspend its dividend payments. This decision is part of a broader strategy to prioritize liquidity and support necessary investments for long-term growth and profitability.
Third-Quarter Forecast
Intel Corp is forecasting third-quarter 2024 revenue to be between $12.5 billion and $13.5 billion. The company also expects third-quarter GAAP EPS to be $(0.24) and non-GAAP EPS to be $(0.03), indicating ongoing financial challenges.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
103555 M
Market cap (USD)
15,821,973
Daily traded volume (Shares)
24.765 / 23.83
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
Hein Sweerts de Landas
Joseph WI Gospodinov
Thomas Swiatek
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