NASDAQ$INTC
Intel · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Intel's Q3 2024 earnings were impacted by restructuring and impairment charges, but the company is making progress on its cost reduction plan and seeing strong interest in its Intel 18A foundry technology.
Intel reported a third-quarter revenue of $13.3 billion. GAAP EPS was $(3.88), impacted by significant impairment and restructuring charges, while non-GAAP EPS was $(0.46). The company is progressing towards its $10 billion cost reduction goal by 2025 and forecasts Q4 2024 revenue between $13.3 billion and $14.3 billion.
- Third-quarter revenue reached $13.3 billion.
- GAAP EPS attributable to Intel was $(3.88), and non-GAAP EPS attributable to Intel was $(0.46).
- The GAAP EPS was negatively impacted by $15.9 billion in impairment charges and $2.8 billion in restructuring charges.
- The company is making substantial progress on its plan to cut costs by $10 billion in 2025.
Headline financials
Revenue & EPS history
Intel · Revenue · Quarterly
$13.3B
Revenue by segment
Intel · $11.7B total across 2 segments · Q3 2023
- Client Computing$7.9B-2.5%67.5%
- Data Center and AI$3.8B-9.5%32.5%
Forward guidance
Intel expects Q4 2024 revenue to be between $13.3 billion and $14.3 billion, with GAAP EPS of $(0.24) and non-GAAP EPS of $0.12.
Tailwinds
- Gross Margin 39.5%
- Revenue $13.3-14.3 billion
- Earnings (Loss) Per Share Attributable to Intel—Diluted $0.12
Headwinds
- Gross Margin 36.5%
- Tax Rate (50)%
- Earnings (Loss) Per Share Attributable to Intel—Diluted $(0.24)
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
-1.4%
Avg return
Earnings day
-1.4%
Avg return
5 days after
-0.7%
Avg return
30 days after
44%
32 / 73 earnings
Positive
+10.0%
Q4 2017
Best reaction
-30.1%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +6.0% | +41.9% | +79.5% | |
| Q4 2025 | -11.4% | -10.2% | -18.8% | |
| Q3 2025 | -7.0% | +8.3% | -9.6% | |
| Q2 2025 | +1.9% | +8.5% | +10.4% | |
| Q1 2025 | -6.7% | -6.5% | -6.7% | |
| Q4 2024 | -2.9% | -1.8% | +18.6% | |
| Q3 2024 | +4.0% | +4.6% | +7.8% | |
| Q2 2024 | -30.1% | -35.5% | -28.3% | |
| Q1 2024 | -7.6% | -11.7% | -11.0% | |
| Q4 2023 | -11.1% | -12.6% | -12.4% | |
| Q3 2023 | +8.3% | +11.2% | +33.9% | |
| Q2 2023 | +7.2% | +4.2% | -3.2% | |
| Q1 2023 | +6.9% | +2.5% | -0.2% | |
| Q4 2022 | -5.2% | -4.8% | -15.4% | |
| Q3 2022 | +6.8% | +4.0% | +7.8% | |
| Q2 2022 | -9.6% | -10.4% | -17.0% | |
| Q1 2022 | -3.6% | -0.4% | -1.5% | |
| Q4 2021 | -5.8% | -4.3% | -6.5% | |
| Q3 2021 | -10.7% | -12.8% | -10.6% | |
| Q2 2021 | -5.7% | -5.4% | -7.5% | |
| Q1 2021 | -7.0% | -9.0% | -12.0% | |
| Q4 2020 | -3.4% | +1.8% | +8.5% | |
| Q3 2020 | -9.9% | -14.7% | -15.2% | |
| Q2 2020 | -17.1% | -19.3% | -19.3% | |
| Q1 2020 | -1.4% | -2.2% | +3.6% | |
| Q4 2019 | +9.2% | +7.3% | +2.6% | |
| Q3 2019 | +9.2% | +8.9% | +11.4% | |
| Q2 2019 | -2.5% | -2.3% | -15.0% | |
| Q1 2019 | -10.7% | -13.1% | -24.1% | |
| Q4 2018 | -1.9% | -2.9% | +9.5% | |
| Q3 2018 | +7.7% | +12.6% | +9.7% | |
| Q2 2018 | -9.1% | -8.3% | -9.1% | |
| Q1 2018 | +2.6% | +3.8% | +7.9% | |
| Q4 2017 | +10.0% | +7.2% | +4.9% | |
| Q3 2017 | +8.9% | +11.5% | +9.7% | |
| Q2 2017 | +1.6% | +4.6% | -0.2% | |
| Q1 2017 | -2.1% | +0.1% | -1.8% | |
| Q4 2016 | +0.5% | -2.6% | -3.4% | |
| Q3 2016 | -4.8% | -5.7% | -6.1% | |
| Q2 2016 | -2.5% | -1.3% | +0.3% | |
| Q1 2016 | +1.1% | — | — | |
| Q4 2015 | -6.7% | — | — | |
| Q3 2015 | +1.8% | — | — | |
| Q2 2015 | +0.8% | — | — | |
| Q1 2015 | +3.5% | — | — | |
| Q4 2014 | +0.3% | — | — | |
| Q3 2014 | -0.6% | — | — | |
| Q2 2014 | +10.0% | — | — | |
| Q1 2014 | +1.4% | — | — | |
| Q4 2013 | -3.1% | — | — | |
| Q3 2013 | +1.1% | — | — | |
| Q2 2013 | -4.2% | — | — | |
| Q1 2013 | +2.6% | — | — | |
| Q4 2012 | -3.9% | — | — | |
| Q3 2012 | +0.3% | — | — | |
| Q2 2012 | +4.3% | — | — | |
| Q1 2012 | -1.6% | — | — | |
| Q4 2011 | -0.1% | — | — | |
| Q3 2011 | +0.3% | — | — | |
| Q2 2011 | -0.9% | — | — | |
| Q1 2011 | -1.2% | — | — | |
| Q4 2010 | -0.7% | — | — | |
| Q4 2008 | -0.7% | — | — | |
| Q3 2010 | -0.4% | — | — | |
| Q2 2010 | +0.6% | — | — | |
| Q4 2009 | +0.6% | — | — | |
| Q1 2009 | -1.2% | — | — | |
| Q1 2010 | +0.4% | — | — | |
| Q4 2007 | -2.1% | — | — | |
| Q3 2009 | -3.2% | — | — | |
| Q3 2008 | -3.2% | — | — | |
| Q2 2009 | +0.4% | — | — | |
| Q2 2008 | +0.4% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro