Intel Corporation (INTC) Q2 2024: Intc

Executive Summary

Intel Corporation reported disappointing Q2 2024 results with a net income loss of $1.61 billion, significantly impacted by the rapid ramp of AI PC products amid shifting market conditions. Revenue grew sequentially to $12.83 billion, reflecting a year-over-year decline of 1%. Management has identified a path forward centered on cost reductions and improved capital efficiency, targeting greater than $10 billion in savings by 2025. CEO Pat Gelsinger emphasized the strategic investments in AI and next-generation products like Panther Lake, expected to deliver higher margins in the future. Despite current challenges, Intel remains committed to strengthening its market position through innovation and operational restructuring.

Key Performance Indicators

Revenue

12.83B

QoQ: 0.86% | YoY:-9.36%

Gross Profit

4.55B

35.43% margin

QoQ: -12.84% | YoY:-24.44%

Operating Income

-1.02B

QoQ: 41.61% | YoY:12 662.50%

Net Income

-1.61B

QoQ: 322.57% | YoY:-642.09%

EPS

-0.38

QoQ: 323.16% | YoY:-642.86%

Revenue Trend

Margin Analysis

Key Insights

**Revenue:** $12.83 billion (YoY: -1.0%, QoQ: +0.86%)
**Gross Profit:** $4.55 billion
**Gross Margin:** 35.4%
**Operating Income:** -$1.02 billion
**Net Income:** -$1.61 billion

Financial Highlights

Key Financial Metrics:
- Revenue: $12.83 billion (YoY: -1.0%, QoQ: +0.86%)
- Gross Profit: $4.55 billion
- Gross Margin: 35.4%
- Operating Income: -$1.02 billion
- Net Income: -$1.61 billion
- EPS: -$0.38

Liquidity Ratios:
- Current Ratio: 1.59
- Quick Ratio: 1.24
- Cash Ratio: 0.35

Cash Flow Performance:
- Operating Cash Flow: $2.29 billion
- Free Cash Flow: -$3.39 billion

Capital Expenditures: Estimated KapEx in 2024 between $25 billion and $27 billion, reduced by over 20% from previous plans, reflecting expected softer demand in the second half of the year.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	12.83B	-9.36%	0.86%
Gross Profit	4.55B	-24.44%	-12.84%
Operating Income	-1.02B	12 662.50%	41.61%
Net Income	-1.61B	-642.09%	322.57%
EPS	-0.38	-642.86%	323.16%

Key Financial Ratios

currentRatio

1.59

grossProfitMargin

35.4%

operatingProfitMargin

-7.96%

netProfitMargin

-12.5%

returnOnAssets

-0.78%

returnOnEquity

-1.4%

debtEquityRatio

0.46

operatingCashFlowPerShare

$0.54

freeCashFlowPerShare

$-0.79

dividendPayoutRatio

-33.2%

priceToBookRatio

1.15

priceEarningsRatio

-20.52

Net Income vs. Revenue

Expense Breakdown

Competitive Position

Company	Gross Margin	Operating Margin	Return on Equity	P/E Ratio
INTC Focus	35.43%	-7.96%	-1.40%	-20.52%
NVDA	75.10%	62.10%	28.50%	41.31%
TSM	53.20%	42.50%	6.54%	25.32%
MRVL	46.20%	-7.57%	-1.36%	-66.34%
MU	18.50%	-0.57%	1.81%	31.54%

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q4 2024	14,260.00	-0.03	+12.1%	View
Q3 2024	13,284.00	-3.88	-13.8%	View
Q2 2024	12,833.00	-0.38	-9.4%	View
Q1 2024	12,724.00	-0.09	-1.7%	View

Intel Corporation (INTC) Q2 2024 Earnings Report

Earnings Highlights

Intel Corporation (INTC) Q2 2024 Earnings Report: Navigating Through Transitional Challenges and Growth Opportunities

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

Intel Corporation (INTC) Q2 2024 Earnings Report

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue

Gross Profit

Operating Income

Net Income

EPS

Revenue Trend

Margin Analysis

Key Insights

Financial Highlights

Income Statement

Key Financial Ratios

Net Income vs. Revenue

Expense Breakdown

Management Commentary

Forward Guidance

Competitive Position

Gross Profit Margin

Operating Profit Margin

Return on Equity

P/E Ratio Comparison

Investment Outlook

Key Investment Factors

Growth Potential

Profitability Risk

Financial Position

SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

Historical Earnings Comparison

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