Intel Corporation (INTC) Q3 2024 Earnings Report

Revenue Performance: In Q3 2024, Intel's revenue stood at $13.28 billion, marking an 3.51% increase QoQ but a 13.77% decline YoY. This highlights the ongoing challenge of market share competition against rivals like AMD and NVIDIA, particularly in the AI and data center segments.

Profitability: Intel suffered a staggering net loss of $16.64 billion, reflecting a net income ratio of -1.25. The operating income was negative at -$9.06 billion, largely due to $15.6 billion in impairment charges and significant restructuring expenses linked to workforce reductions.

Costs and Expenditures: The cost of revenue accounted for approximately 85% of sales, with substantial research and development expenses also impacting profitability. Operating expenses were noted at $11.05 billion, emphasizing the need for robust cost optimization strategies.