Intel (INTC) forecasts Q1 2025 revenue below expectations

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This week, it’s Intel Corporation’s (INTC) turn to disclose its latest financial status, and they unveiled their Q4 2024 earnings figures. To the relief of investors, Intel’s Q4 performance surpassed analyst expectations in terms of revenue and earnings per share. However, despite this positive news, the company appears cautious about the upcoming quarter. Intel has announced a lower-than-anticipated revenue forecast for Q1 2025, coming in approximately a billion dollars below the minimum expectation set by analysts.

This week, Intel published its fourth-quarter earnings report for the year 2024 on its investor relations website. In this document, the company unveiled its predictions for the upcoming quarter, which initiates its fiscal year 2025. According to their projection, Intel anticipates a revenue range of $11.7 billion to $12.7 billion for Q1 2025. This forecast falls significantly short of analysts’ expectations, who were hoping for figures closer to an anticipated $12.9 billion.

For several years now, Intel has been dedicating significant resources towards building new manufacturing facilities and enhancing its semiconductor production capacity, with the help of government initiatives like the CHIPS Act. However, not all these strategies have proven successful, leading to a need for restructuring as announced in Q4 2024. During this time, Intel disclosed plans to reduce expenses by approximately $10 billion.

Since Intel’s Q1 2025 projection appears rather conservative, it’ll be intriguing to observe whether their upcoming quarter matches these predictions. Keep an eye out for further developments and earnings reports here at Shacknews.

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2025-01-31 01:28