Intel quarterly results disappoint investors

Anticipates further losses next quarter

clock • 3 min read
Intel is threatened by competiton from rivals like AMD and internally produced chips at former big-name customers like Apple and Amazon
Image:

Intel is threatened by competiton from rivals like AMD and internally produced chips at former big-name customers like Apple and Amazon

Intel's fourth-quarter earnings fell short of analysts' expectations when it shared them on Thursday.

The company said its revenue fell 32% year-over-year (YoY) to $14 billion in the fiscal quarter that ended 31st December. The chipmaker reported a net loss of $664 million, compared to a profit ...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
500 AI models optimised for Core Ultra processors, says Intel

Chips and Components

The models can be used across the Core Ultra range of CPUs, GPUs and NPUs

clock 02 May 2024 • 2 min read
Microsoft, Google and Snap report strong quarterly results, IBM and Intel less so

Finance and Reporting

Microsoft and Google see AI investments bearing fruit

clock 26 April 2024 • 4 min read
Intel splits in two, signs deal with Microsoft

Chips and Components

'We want to be the foundry for the world'

clock 22 February 2024 • 7 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Finance and Reporting

Apple revenues fall - but not by as much as expected

Apple revenues fall - but not by as much as expected

Investors cheered by better-than-expected results and stock buyback

John Leonard
clock 03 May 2024 • 2 min read
Microsoft, Google and Snap report strong quarterly results, IBM and Intel less so

Microsoft, Google and Snap report strong quarterly results, IBM and Intel less so

Microsoft and Google see AI investments bearing fruit

John Leonard
clock 26 April 2024 • 4 min read
Capita reports £107mn annual losses, blames cyberattack

Capita reports £107mn annual losses, blames cyberattack

Capita's share price plummeted 54% since the attack

clock 08 March 2024 • 2 min read