Intel Corp (INTC) Reports Strong Q4 Earnings but Disappoints with Q1 Guidance
TL;DR Summary
Intel Corp (INTC) reported a 10% year-over-year increase in Q4 revenue, reaching $15.4 billion, but experienced a 14% decline in full-year revenue. The company achieved $3 billion in cost savings in 2023 and provided a cautious outlook for Q1 2024, projecting revenue between $12.2 billion and $13.2 billion. Despite challenges in the semiconductor industry, Intel's focus on operational efficiency and expansion into new business areas, such as AI and foundry services, may present opportunities for value investors.
Topics:business#businessfinance#intel-corp#operational-efficiency#q4-earnings#revenue-growth#semiconductor-industry
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