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Intel logoIntel INTC

Intel said first-quarter revenue was $12.7 billion, up 9% from a year earlier, for the first quarter ended March 30, 2024. GAAP earnings per share were $(0.09), and non-GAAP earnings per share were $0.18.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Intel said first-quarter revenue was $12.7 billion, up 9% from a year earlier, for the first quarter ended March 30, 2024. GAAP earnings per share were $(0.09), and non-GAAP earnings per share were $0.18.

  2. The company said Intel Products revenue for Q1 was $11.9 billion, up 17% year over year, and Intel Foundry revenue was $4.4 billion, down 10%. Within Intel Products, CCG revenue was $7.5 billion, up 31%.

  3. The company said it used $1.2 billion in cash from operating activities in Q1 and paid dividends of $0.5 billion. Adjusted free cash flow for Q1 was $(6,178) million.

  4. The company guided Q2 2024 revenue to $12.5 billion to $13.5 billion, and presented GAAP EPS of $(0.05) and non-GAAP EPS of $0.10. It also declared a quarterly dividend of $0.125 per share.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q1 Revenue of $12.7 billion, GAAP and Non-GAAP EPS

Intel said first-quarter revenue was $12.7 billion, up 9% from a year earlier, for the first quarter ended March 30, 2024. GAAP earnings per share were $(0.09), and non-GAAP earnings per share were $0.18.

Source · Based on the filing body and exhibits

Business Unit Revenue: Intel Products and Intel Foundry

The company said Intel Products revenue for Q1 was $11.9 billion, up 17% year over year, and Intel Foundry revenue was $4.4 billion, down 10%. Within Intel Products, CCG revenue was $7.5 billion, up 31%.

Source · Based on the filing body and exhibits

Q1 Operating Cash Flow and Dividend Payments

The company said it used $1.2 billion in cash from operating activities in Q1 and paid dividends of $0.5 billion. Adjusted free cash flow for Q1 was $(6,178) million.

Source · Based on the filing body and exhibits

Q2 Outlook and Quarterly Dividend

The company guided Q2 2024 revenue to $12.5 billion to $13.5 billion, and presented GAAP EPS of $(0.05) and non-GAAP EPS of $0.10. It also declared a quarterly dividend of $0.125 per share.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.