Intel: Business Improving, Financials Not Yet
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Intel's strategic roadmap aims to improve profitability, but substantial revenue growth is unlikely in the near to mid term. Q3 results showed a 6% YoY revenue decline and a non-GAAP EPS of -$0.46, indicating no recovery from the mid-2022 decline. Foundry, Mobileye, and AI businesses may offer future growth.
November 05, 2024 | 12:30 pm
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Intel's Q3 results show a 6% YoY revenue decline and a non-GAAP EPS of -$0.46, indicating ongoing financial challenges. The '5 nodes in 4 years' roadmap aims to improve profitability, but substantial revenue growth is not expected soon. Foundry, Mobileye, and AI may offer future growth.
Intel's financials show a continued decline with a 6% YoY revenue drop and negative EPS, indicating ongoing challenges. The strategic roadmap is focused on profitability, but immediate revenue growth is unlikely, impacting short-term stock performance negatively.
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