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Intel Reports Fourth-Quarter and Full-Year 2024 Financial Results

XYang2023

Well-known member
News Summary
  • Fourth-quarter revenue was $14.3 billion, down 7% year-over-year (YoY). Full-year revenue was $53.1 billion, down 2% YoY.

  • Fourth-quarter earnings per share (EPS) attributable to Intel was $(0.03); non-GAAP EPS attributable to Intel was $0.13. Full-year EPS attributable to Intel was $(4.38); non-GAAP EPS attributable to Intel was $(0.13).

  • Forecasting first-quarter 2025 revenue of $11.7 billion to $12.7 billion; expecting first-quarter EPS attributable to Intel of $(0.27) and non-GAAP EPS attributable to Intel of $0.00.
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intel Corporation today reported fourth-quarter and full-year 2024 financial results.

“The fourth quarter was a positive step forward as we delivered revenue, gross margin and EPS above our guidance,” said Michelle Johnston Holthaus, interim co-CEO of Intel and CEO of Intel Products. “Our renewed focus on strengthening and simplifying our product portfolio, combined with continued progress on our process roadmap, is positioning us to better serve the needs of our customers. Dave and I are taking actions to enhance our competitive position and create shareholder value.”

“The cost reduction plan we announced last year to improve the trajectory of the company is having an impact,” said David Zinsner, interim co-CEO and chief financial officer of Intel. “We are fostering a culture of efficiency across the business while driving toward greater returns on our invested capital and improved profitability. Our Q1 outlook reflects seasonal weakness magnified by macro uncertainties, further inventory digestion and competitive dynamics. We will remain highly focused on execution to build on our progress and unlock value.”

 
I don't see any positive changes in this from a revenue standpoint for the remainder of 2025. I suspect that seems like an eternity for Intel.

I think by Q4 2025 we should have a good idea how well 18A works for CWF. Based on what I have heard about the weaknesses of BSPDN, it seems like hot spots are problematic for the process. Lower clock products (like high core count server chips) might be the very best application for BSPDN as these products have the best chance of avoiding a hot spot limitation.

Still, a great CWF and 18A launch would put Intel into a very positive position for 2026 and 2027. There is still a light at the end of the tunnel IMO.
 
I don't see any positive changes in this from a revenue standpoint for the remainder of 2025. I suspect that seems like an eternity for Intel.

I think by Q4 2025 we should have a good idea how well 18A works for CWF. Based on what I have heard about the weaknesses of BSPDN, it seems like hot spots are problematic for the process. Lower clock products (like high core count server chips) might be the very best application for BSPDN as these products have the best chance of avoiding a hot spot limitation.

Still, a great CWF and 18A launch would put Intel into a very positive position for 2026 and 2027. There is still a light at the end of the tunnel IMO.
Panther Lake is the lead product on 18A. I don't think you will see CWF in 2025.
 
Panther Lake is the lead product on 18A. I don't think you will see CWF in 2025.
Thanks for the correction.

It is my understanding that Panther Lake will depart from LNL in having memory on die with the compute tile and be more like ARL. If that is the case, then Panther Lake may utilize 18A only for the compute tile and Intel 3 for the off-die memory controller .... or something like that.

A small compute die would make sense from a yield standpoint with a newly minted 18A process.

Arrow Lake H clocked up into the 5Ghz range for boost clocks. Seems like this could be problematic for BSPDN 18A? I guess we will see soon enough. H2 isn't that far away.
 
The CWF is a packing issue not a 18A issue anyway DCAI feels like lost No GPU for AI as well they only got CPU for AI this sucks Client is fine Foundry seems fine as well
 
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I think the approach of launching Jaguar Shores instead might be justified, as even AMD has struggled to make meaningful inroads in the AI market, given Nvidia's dominance.

Ultimately, the goal is to compete with Nvidia's offerings.

Also, using Falcon Shores as a test chip is different from canceling it, like Rialto Bridge. I assume that in this way, development continues.

"This will support our efforts to develop a system-level solution at rack scale with Jaguar Shores to address the AI data center."

 
I was at Bitmain a few years ago, and at that time, Intel released two generations of Bitcoin chips. We were very worried because Bitcoin chips use dynamic logic and domino circuits to gain an advantage in power efficiency. However, the Intel Bitcoin chips were a total failure. It seemed that the chips never leveraged the technology used in their CPU designs. That’s when we realized that Intel had significant problems, as they couldn't transfer their internal technology to another product.
 
Intel Foundry still bleeding money, 13.4 billion loss in 2024 compared to 7 billion in 2023.
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I was at Bitmain a few years ago, and at that time, Intel released two generations of Bitcoin chips. We were very worried because Bitcoin chips use dynamic logic and domino circuits to gain an advantage in power efficiency. However, the Intel Bitcoin chips were a total failure. It seemed that the chips never leveraged the technology used in their CPU designs. That’s when we realized that Intel had significant problems, as they couldn't transfer their internal technology to another product.
The new management mentioned that they are going share IPs across divisions, as a way to drive down costs.
 
Thanks for the correction.

It is my understanding that Panther Lake will depart from LNL in having memory on die with the compute tile and be more like ARL. If that is the case, then Panther Lake may utilize 18A only for the compute tile and Intel 3 for the off-die memory controller .... or something like that.

A small compute die would make sense from a yield standpoint with a newly minted 18A process.

Arrow Lake H clocked up into the 5Ghz range for boost clocks. Seems like this could be problematic for BSPDN 18A? I guess we will see soon enough. H2 isn't that far away.
Rumours say the memory controller is put back into the CPU tile. Also, they say some of the tiles could be TSMC (even Intel slides show that)
 
I think the approach of launching Jaguar Shores instead might be justified, as even AMD has struggled to make meaningful inroads in the AI market, given Nvidia's dominance.

Ultimately, the goal is to compete with Nvidia's offerings.

Also, using Falcon Shores as a test chip is different from canceling it, like Rialto Bridge. I assume that in this way, development continues.

"This will support our efforts to develop a system-level solution at rack scale with Jaguar Shores to address the AI data center."

It seems to be just an endless string of cancelled AI/GPU products. First, Rialto Bridge then Gaudi 4, now Falcon Shores.
 
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