Quick answer: latest quarter results, by ticker or company name

Reported Q: Q2 2024 Rev YoY: -9.4% EPS YoY: -642.9% Move: +4.87%

Intel Corporation

INTC

$50.59 4.87%

Exchange NASDAQ Sector Technology Industry Semiconductors

Q2 2024

Published: Aug 2, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for INTC

Reported

Report Date

Aug 2, 2024

Quarter Q2 2024

Revenue

12.83B

YoY: -9.4%

EPS

-0.38

YoY: -642.9%

Market Move

+4.87%

Previous quarter: Q1 2024

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Earnings Highlights

Revenue of $12.83B down 9.4% year-over-year
EPS of $-0.38 decreased by 642.9% from previous year
Gross margin of 35.4%
Net income of -1.61B
""We are taking aggressive actions to significantly reduce spending in response to lower than anticipated revenue in the back half of the year." - Pat Gelsinger" - Pat Gelsinger

INTC

Intel Corporation

Period Q2 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 9, 2026

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

Decreasing

12.83B

QoQ: 0.86% | YoY: -9.36%

Gross Profit

Decreasing

4.55B

35.43% margin

QoQ: -12.84% | YoY: -24.44%

Operating Income

Increasing

-1.02B

QoQ: 41.61% | YoY: 12 662.50%

Net Income

Decreasing

-1.61B

QoQ: 322.57% | YoY: -642.09%

EPS

Decreasing

-0.38

QoQ: 323.16% | YoY: -642.86%

Revenue Trend

Margin Analysis

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

Gross Profit Margin

Fair

35.40%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Weak

-0.08%

Operating margin is below industry norms, profitability concerns

Net Profit Margin

Weak

-0.13%

Net profit margin is below industry norms, profitability concerns

Return on Assets

Weak

-0.01%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

-0.01%

Return on equity suggests inefficient capital allocation

Current Ratio

Healthy

1.59

Current ratio shows adequate liquidity to meet short-term obligations

Debt to Equity

Moderate

0.46

Debt-to-equity indicates balanced capital structure with manageable debt

P/E Ratio

Negative

-20.52x

Negative earnings make P/E ratio not meaningful

Price to Book

Fair Value

1.15x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2025	12,667.00	-0.19	-0.5%	View
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

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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