Reported about 18 hours ago
Intel announced significant Q4 earnings, surpassing revenue and EPS estimates while projecting lower guidance for Q1. Despite the positive earnings report, challenges remain, including a decline in stock performance over the past year and difficulties within its foundry and data center businesses. Intel's co-CEOs highlighted the potential growth of its foundry services, expecting notable external revenue by 2027, while the company continues to seek a permanent CEO to guide its turnaround.
Source: YAHOO