)
Overview
<ul>
<li>Semiconductor maker’s Q4 revenue fell 4% yr/yr but beat analyst expectations</li>
<li>Adjusted EPS for Q4 was $0.15, despite a GAAP loss per share</li>
<li>Company introduced Intel 18A process technology, marking a key milestone</li>
</ul>
Outlook
<ul>
<li>Intel forecasts Q1 2026 revenue of $11.7 bln to $12.7 bln</li>
<li>Company expects Q1 2026 EPS of $(0.21) and non-GAAP EPS of $0.00</li>
<li>Intel anticipates supply improvements post-Q1 2026</li>
</ul>
Result Drivers
<ul>
<li>AI DEMAND - Strong demand for AI-related products contributed to Intel’s Q4 performance, as noted by CEO Lip-Bu Tan</li>
<li>SUPPLY SHORTAGES - Intel navigated industry-wide supply shortages, impacting Q4 results, according to CFO David Zinsner</li>
<li>INTEL 18A TECHNOLOGY - Introduction of Intel 18A process technology marked a significant milestone, driving demand</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q4 Beat $13.70 $13.40
Revenue bln bln (32
Analysts
)
<h3>Q4 $0.15</h3>
Adjusted
<h3>EPS</h3>
<h3>Q4 EPS -$0.12</h3>
Q4 Gross 36.10%
Margin
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “hold” and the breakdown of recommendations is 8 “strong buy” or “buy”, 33 “hold” and 5 “sell” or “strong sell”</li>
<li>The average consensus recommendation for the semiconductors peer group is “buy.”</li>
<li>Wall Street’s median 12-month price target for Intel Corp is $41.05, about 24.3% below its January 21 closing price of $54.25</li>
<li>The stock recently traded at 93 times the next 12-month earnings vs. a P/E of 67 three months ago</li>
</ul>
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

On October 26th, after the U.S. stock market closed, chip giant Intel released its Q3 2023 financial report. The report showed that Intel's total revenue in the third quarter fell 8% year-on-year to $14.16 billion, marking the seventh consecutive quarter of declining sales, although it was still higher than the market expectation of $13.53 billion. In the second quarter, revenue had previously dropped 15% year-on-year, and the company expects revenue to return to growth in the fourth quarter. However, the sales of the Network and Edge Group (NEX), which includes IoT and other segments, fell 32% year-on-year to $1.5 billion. More importantly, the server chip division, named "Data Center and Artificial Intelligence," has yet to recover growth, with third-quarter revenue declining 10% year-on-year to $3.8 billion. Facing multiple competitive pressures, do you think Intel can turn the tide in the AI era?

On October 26th, after the U.S. stock market closed, chip giant Intel released its Q3 2023 financial report. The report showed that Intel's total revenue in the third quarter fell 8% year-on-year to $14.16 billion, marking the seventh consecutive quarter of declining sales, although it was still higher than the market expectation of $13.53 billion. In the second quarter, revenue had previously dropped 15% year-on-year, and the company expects revenue to return to growth in the fourth quarter. However, the sales of the Network and Edge Group (NEX), which includes IoT and other segments, fell 32% year-on-year to $1.5 billion. More importantly, the server chip division, named "Data Center and Artificial Intelligence," has yet to recover growth, with third-quarter revenue declining 10% year-on-year to $3.8 billion. Facing multiple competitive pressures, do you think Intel can turn the tide in the AI era?

In the AI era, can Intel win a comeback?

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Chipmaker Intel reported Q4 revenue of $13.70 billion, surpassing analyst expectations of $13.40 billion, despite a 4% year-over-year decline. Adjusted EPS was $0.15, while GAAP EPS showed a loss of $0.12. The company introduced its Intel 18A process technology and forecasts Q1 2026 revenue between $11.7 billion and $12.7 billion, with expected EPS of $(0.21). Strong AI demand and supply shortages influenced performance. Analysts rate Intel as a "hold" with a median 12-month price target of $41.05, reflecting a 24.3% decrease from its recent closing price of $54.25.

- Intel’s Q4 revenue decreased by 4% year-over-year but surpassed analyst expectations, with adjusted EPS of $0.15.  
- The outlook for Q1 2026 projects revenue between $11.7 billion and $12.7 billion, alongside an expected non-GAAP EPS of $0.00 and a GAAP loss of $(0.21).  
- Strong demand for AI products and the introduction of Intel 18A process technology contributed to Q4 performance, despite challenges from supply shortages.

Chipmaker Intel beats Q4 revenue estimates