Intel reports fourth-quarter financial results

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Intel (NASDAQ: INTC) released its fourth-quarter and annual financial results yesterday. Details are available at Intel’s financial site. The year-to-
[See the full post at: Intel reports fourth-quarter financial results]

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Norio, samak, Cybertooth

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For Q3, the loss was $16.6 billion. For Q4, the loss is $0.1 billion. That is obviously a dramatic improvement

This is a misleading comparison; Q3’s loss included $13.5 billion of tax provision and restructuring charges. A more valid comparison would be Operating income excluding restructuring charges. Q3 is then a loss of $3.4 billion and Q4 a gain of
$0.5 billion. Q3 also has cost of sales of 85% of revenue whereas Q4’s is 61% which looks odd to me without more detail. Other costs to do with the restructure in Q3’s COS?

Bottom line: I don’t think comparing Q3 with Q4 is telling us very much at all and certainly doesn’t constitute a “dramatic” improvement. Possibly some improvement.

Windows 10 Home 22H2, Acer Aspire TC-1660 desktop + LibreOffice, non-techie

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Will Fastie

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Just one more thing:
Q4’s cost of sales of 61% of revenue is in line with the 2023 full year, so if we assume that Q3’s 85% is to do with one-off restructuring charges then we can adjust the comparison further to get what I think is apples-to-apples:
Q3 is a loss of $0.2 billion and Q4 a gain of $0.5 billion.

Windows 10 Home 22H2, Acer Aspire TC-1660 desktop + LibreOffice, non-techie

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Biden awarded Intel ~$8B as part as CHIPS act.
Trump criticizing the bipartisan CHIPS Act so Intel’s $8B are not sure as Intel has turned to TSMC for its new 200V CPUs and Trump Proposed up to 100 percent tariffs on TSMC< /a>.

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rick41

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1. For Q3, the loss was $16.6 billion.
2. For Q4, the loss is $0.1 billion.
3. Free coffee was restored in November.

Seems obvious to me that it was caffeine that improved productivity and profits.

In all seriousness, this was typed on the second of two AMD-based workstations I’ve had in 4 years.

-Noel

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Alex5723, Cybertooth, TechTango

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Intel Decides Against Bringing Falcon Shores To Market

Intel Co-CEO Michelle Johnston Holthaus announced during their Q4 earnings call this evening that they will not be bringing their “Falcon Shores” AI / HPC chip to market. Falcon Shores was to be their next-gen GPU accelerator to effectively succeed their Gaudi AI chips. Instead Falcon Shores will be used as an internal test vehicle while preparing the hardware/software ecosystem for Jaguar Shores as its successor…

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TSMC Considers Running Intel’s US Factories After Trump Team Request

Taiwan Semiconductor Manufacturing Co. is considering taking a controlling stake in Intel Corp.’s factories at the request of Trump administration officials, a person familiar with the matter said, as the president looks to boost American manufacturing and maintain US leadership in critical technologies.

Trump officials raised the idea of a deal between the two companies in recent meetings with the Taiwanese chipmaker, the person said, and TSMC was receptive. It’s unclear whether Intel is open to a transaction…

* Is Intel sinking ?

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https://www.businesstoday.com.my/2025/02/16/broadcom-tsmc-eye-possible-deal-of-an-intel-split/

..Broadcom has been closely examining Intel’s chip-design and marketing business, the Journal reported, adding that the company had discussed a potential bid with its advisers but would likely only proceed if it found a partner for Intel’s manufacturing business…

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Cybertooth

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