Intel Q4/22 Results - As Brutal As It Gets
> Intel Corp Q4/22 - The Big Miss
• Q4 revenue down 32% y-o-y.
• Q4 net loss of $664m vs $4.62bn profit y-o-y.
• Q4 EPS 10cts per share vs 20cts analysts' forecasts.
• 4th consecutive quarter of sales decline.
• Full-year 2022 revenue down 20% vs 2021.
• Full-year earnings $1.94 per share vs $4.86 per share in 2021.
• Full-year net income $8bn, less than half the $19.9bn in 2021.
More Pain To Come?
• Intel is forecasting more pain for the coming quarter. In its Q1/2023 guidance, it’s guiding for a net loss of 15cts per share on revenue of between $10.5bn - $11.5bn, versus Wall Street’s forecast of 24cts per share on revenue of $13.93bn.
• Intel is not offering any full-year guidance given “uncertainty in the current environment” and “persistent economic headwinds” for 1H/2023.
Modify on 2023-02-02 08:26
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