HighGravityDataIntel — Oct 28, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000050863-24-000147
Showing in the filing
Non-GAAP EPS attributable to Intel
“$0.12”
Period
Q4 FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 17
Revenue forecast for Q4 FY2024
“$13.3 billion to $14.3 billion”
GAAP EPS attributable to Intel for Q4 FY2024
“$(0.24)”
Non-GAAP EPS attributable to Intel for Q4 FY2024
“$0.12”
Cost reduction plan for FY2025
“$10 billion”
AI PC shipments for FY2025
“more than 100 million”
Gross Margin (GAAP) for Q4 FY2024
“36.5%”
Gross Margin (Non-GAAP) for Q4 FY2024
“39.5%”
Tax Rate (GAAP) for Q4 FY2024
“(50)%”
Earnings (Loss) Per Share Attributable to In… for Q4 FY2024
“$(0.24)”
Tax Rate (Non-GAAP) for Q4 FY2024
“13%”
Earnings (Loss) Per Share Attributable to In… for Q4 FY2024
“$0.12”
GAAP additions to property, plant and equipm… for FY2024
“$25.0”
GAAP additions to property, plant and equipm… for FY2025
“$20.0 - $23.0”
GAAP R&D and MG&A for FY2024
“$20.0”
Non-GAAP net capital spending for FY2024
“$11.0”
Non-GAAP net capital spending for FY2025
“$12.0 - $14.0”
Non-GAAP R&D and MG&A for FY2024
“$17.5”
Exhibit 99.1 · the passage around this item
… earlier in the release
▪ Making significant progress on plan to deliver $10 billion in cost reductions in 2025. ▪ Forecasting fourth-quarter 2024 revenue of $13.3 billion to $14.3 billion; expecting fourth-quarter GAAP EPS attributable to Intel of $(0.24); non-GAAP EPS attributable to Intel of $0.12. SANTA CLARA, Calif., – Intel Corporation today reported third-quarter 2024 financial results. “Our Q3 results underscore the solid progress we are making against the plan we outlined last quarter to reduce costs, simplify our portfolio and improve organizational efficiency. We delivered revenue above the midpoint of our guidance, and are acting with urgency to position the business for sustainable value creation moving forward,” said Pat Gelsinger, Intel CEO. “The momentum we are building across our product portfolio to maximize the value of our x86 franchise, combined with the strong interest Intel 18A is attracting from foundry customers, reflects the impact of our actions and the opportunities ahead.” “Restructuring charges meaningfully impacted Q3 profitability as we took important steps toward our cost reduction goal,” said David Zinsner, Intel CFO. “The actions we took this quarter position us for improved profitability and enhanced liquidity as we continue to execute our strategy. We are encouraged by improved underlying trends, reflected in our Q4 guidance." Q3 2024 Financial Highlights GAAP Non-GAAP Q3 2024 Q3 2023 vs. Q3 2023 Q3 2024 Q3 2023 vs. Q3 2023 Revenue ($B) $
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.