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Headline : Intel reports 9% YoY Q1 growth, driven by computing, AI and edge products

Read more from the original article on here at venturebeat.com.





Tags : #intel #reports #925 #yoy #q1 #growth #driven #computing #ai #edge #products


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Intel Corporation announced its first-quarter earnings today under its new financial structuring model, as it seeks to establish itself as a market leader in AI hardware.

The company today reported first-quarter revenue of $12.7 billion, up 9% year over year (YoY). It is forecasting second-quarter 2024 revenue to be $12.5 to $13.5 billion. 

While Q1 beat analysts’ expectations, the company’s Q2 outlook sent stocks down 8% because it did not meet analysts’ anticipated $13.63 billion for the coming quarter. Its adjusted earnings per share (EPS) was $0.18 on revenues of $12.72 billion.

Read more from the original article on here at venturebeat.com.


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