Intel Expects To Accelerate On Its Path Toward Achieving Ambition Of 60% Non-GAAP Gross Margins And 40% Non-GAAP Operating Margins In 2030
Portfolio Pulse from Benzinga Newsdesk
Intel aims to achieve 60% non-GAAP gross margins and 40% non-GAAP operating margins by 2030 through significant cost savings, operational efficiencies, and asset value optimization, as stated by CFO Dave Zinsner. This strategy is expected to enhance Intel's cost competitiveness and drive financial growth.
April 02, 2024 | 8:15 pm
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Intel aims for 60% non-GAAP gross margins and 40% non-GAAP operating margins by 2030, focusing on cost savings and operational efficiencies.
Intel's strategic focus on cost savings, operational efficiencies, and asset value optimization is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term. The company's clear path towards improved financial metrics by 2030 underlines a strong commitment to growth and efficiency, which could enhance investor confidence and stock value.
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