The Fort Worth Press - Chipmaker Intel beats revenue expectations amidst Q4 loss

USD -
AED 3.672939
AFN 72.503238
ALL 94.350102
AMD 393.881732
ANG 1.801791
AOA 915.999801
ARS 1060.140139
AUD 1.572085
AWG 1.8025
AZN 1.692461
BAM 1.867817
BBD 2.018575
BDT 121.467079
BGN 1.867099
BHD 0.376878
BIF 2960.9256
BMD 1
BND 1.337688
BOB 6.922963
BRL 5.734973
BSD 0.999785
BTN 86.651673
BWP 13.771434
BYN 3.271689
BYR 19600
BZD 2.008204
CAD 1.42186
CDF 2871.99996
CHF 0.896655
CLF 0.024606
CLP 944.259532
CNY 7.248099
CNH 7.2526
COP 4114.08
CRC 506.243285
CUC 1
CUP 26.5
CVE 105.750082
CZK 23.843982
DJF 177.720158
DKK 7.120135
DOP 62.397015
DZD 134.871011
EGP 50.641552
ERN 15
ETB 126.974998
EUR 0.954545
FJD 2.29415
FKP 0.791537
GBP 0.79082
GEL 2.802229
GGP 0.791537
GHS 15.442631
GIP 0.791537
GMD 71.999654
GNF 8635.214387
GTQ 7.710575
GYD 208.983851
HKD 7.77476
HNL 25.600277
HRK 7.192299
HTG 132.979232
HUF 385.393068
IDR 16340.225379
ILS 3.569975
IMP 0.791537
INR 86.608991
IQD 1310.369605
IRR 42002.615334
ISK 139.254333
JEP 0.791537
JMD 157.235619
JOD 0.709016
JPY 149.481502
KES 129.7372
KGS 87.450024
KHR 4002.000165
KMF 470.484998
KPW 900
KRW 1434.926945
KWD 0.308555
KYD 0.820004
KZT 502.633439
LAK 21681.477971
LBP 89550.000274
LKR 295.685059
LRD 198.216071
LSL 18.353386
LTL 2.95274
LVL 0.60489
LYD 4.8933
MAD 9.949276
MDL 18.529999
MGA 4716.620724
MKD 58.64
MMK 2099.976133
MNT 3462.560662
MOP 8.002976
MRU 39.845259
MUR 45.979475
MVR 15.459995
MWK 1733.33084
MXN 20.452445
MYR 4.418748
MZN 63.882697
NAD 18.353386
NGN 1499.558291
NIO 36.624298
NOK 11.10951
NPR 138.639342
NZD 1.740568
OMR 0.384705
PAB 1
PEN 3.6865
PGK 4.020002
PHP 57.87502
PKR 279.479448
PLN 3.977655
PYG 7930.408706
QAR 3.639871
RON 4.758077
RSD 112.034145
RUB 88.501703
RWF 1398.324885
SAR 3.749493
SBD 8.431701
SCR 14.754142
SDG 598.91248
SEK 10.646065
SGD 1.336388
SHP 0.794626
SLE 22.740264
SLL 20969.505638
SOS 571.451415
SRD 35.489997
STD 20697.981008
SVC 8.74978
SYP 13001.92616
SZL 18.353386
THB 33.587018
TJS 10.944782
TMT 3.5
TND 3.159974
TOP 2.382685
TRY 36.435275
TTD 6.794421
TWD 32.811179
TZS 2573.439624
UAH 41.738144
UGX 3669.875814
UYU 42.861302
UZS 12929.872192
VES 63.330934
VND 25514.837701
VUV 122.896876
WST 2.800312
XAF 627.313331
XAG 0.03097
XAU 0.00034
XCD 2.7
XDR 0.761725
XOF 627.313331
XPF 114.120884
YER 250.109955
ZAR 18.381025
ZMK 9001.202143
ZMW 28.231092
ZWL 321.999592
  • RBGPF

    0.5700

    65.42

    +0.87%

  • CMSC

    0.0890

    23.459

    +0.38%

  • RYCEF

    -0.0100

    7.69

    -0.13%

  • RELX

    0.0500

    49.34

    +0.1%

  • RIO

    -0.5850

    62.945

    -0.93%

  • CMSD

    0.0470

    23.467

    +0.2%

  • NGG

    0.8900

    62.2

    +1.43%

  • BP

    -0.1150

    33.775

    -0.34%

  • BTI

    0.2450

    38.095

    +0.64%

  • GSK

    0.4000

    37.04

    +1.08%

  • SCS

    0.0400

    12.35

    +0.32%

  • AZN

    0.5000

    74.72

    +0.67%

  • BCC

    -1.9800

    104.81

    -1.89%

  • BCE

    0.0790

    24.049

    +0.33%

  • VOD

    0.2350

    8.595

    +2.73%

  • JRI

    0.0300

    12.83

    +0.23%

Chipmaker Intel beats revenue expectations amidst Q4 loss
Chipmaker Intel beats revenue expectations amidst Q4 loss / Photo: © AFP

Chipmaker Intel beats revenue expectations amidst Q4 loss

Intel reported a fourth-quarter loss on Tuesday, but better than expected revenue as the US chip giant continues to struggle to stake its place in the artificial intelligence revolution.

Text size:

The company posted a net loss of $126 million for the quarter ending December 28, compared to a profit of $2.67 billion in the same period last year.

Revenue declined seven percent to $14.3 billion, which was slightly better than expected by analysts.

The company's share price rose two percent in after-hours trading following the earnings release.

"While Intel's revenue decline remains concerning, the overall results came in ahead of the most pessimistic forecasts, possibly propped by broader market and geopolitical factors," said Emarketer analyst Jacob Bourne.

For the full year 2024, Intel recorded a substantial net loss of $18.8 billion, compared to a profit of $1.7 billion in 2023, largely due to restructuring charges and challenging market conditions.

Intel is one of Silicon Valley's most iconic companies, but its fortunes have been eclipsed by Asian powerhouses TSMC and Samsung, which dominate the made-to-order semiconductor business.

The company was also caught by surprise with the emergence of Nvidia, a graphics chip maker, as the world's preeminent AI chip provider.

Last month, Intel's Chief Executive Officer Pat Gelsinger was forced out after the board lost confidence in his plans to turn the company around.

His abrupt departure came after the company in August vowed to cut more than 15,000 jobs in a draconian cost reduction plan, and paused or delayed construction on several chipmaking facilities.

Intel's shares fell 60 percent last year, and its market valuation is about $90 billion, just a fraction of Nvidia, which makes the premium chips that are fueling the AI boom.

- DeepSeek -

Despite the losses, interim co-CEO Michelle Johnston Holthaus highlighted positive developments. "The fourth quarter was a positive step forward as we delivered revenue, gross margin and EPS above our guidance," she said.

Holthaus told analysts during an earnings call that Intel could find opportunities to capitalize on buzz generated this week by Chinese startup DeepSeek, with its powerful new chatbot developed at a fraction of the cost of its US competitors.

"Because if we've seen anything this week, when there are constraints put on customers, they figure out different ways to deploy technology," Holthaus said when asked about DeepSeek.

Intel has chips and other assets it can "leverage" to win over customers looking to power AI without having to resort to premium Nvidia GPUs, Holthaus argued.

"That's a great opportunity, and something that I'm looking at to see if there are ways that we can be disruptive there," Holthaus said.

The company's Client Computing Group, which includes PC chips, saw revenue fall 9 percent to $8 billion in the fourth quarter. However, Intel reported strong momentum in AI components for personal computers, saying it's on track to ship more than 100 million AI PCs by the end of 2025.

Intel has been engaged with the new presidential administration of Donald Trump and "feels good" about the effort to promote chipmaking in the United States, according to co-chief executive David Zinsner.

"This is a very positive sign, obviously, for us," Zinsner said.

The earnings report came as Intel continues its search for a permanent CEO.

H.M.Hernandez--TFWP