After the U.S. stock market closed on October 31, Intel announced its performance for the third quarter of 2024.
1) Key Financial Data:
<blockquote>
EPS: The adjusted loss per share for the third quarter was $0.46, compared to earnings per share (EPS) of $0.41 in the same period last year. The adjusted EPS figure for the third quarter includes a loss provision of $0.63, which was not reflected in the previously provided performance guidance.
Revenue: Revenue for the third quarter was $13.28 billion, while analysts expected $13.02 billion. Breaking it down, customer computing revenue for the third quarter was $7.33 billion, with analysts expecting $7.46 billion. Intel Foundry revenue for the third quarter was $4.35 billion, while analysts expected $4.44 billion. Data center and artificial intelligence (AI) revenue for the third quarter was $3.35 billion, with analysts expecting $3.15 billion.
Gross Margin: The gross profit margin for the third quarter was 18%, while analysts expected 38%.
Operating Margin: The operating margin for the third quarter was -17.8%, compared to +13.6% in the same period last year.
</blockquote>
2) Performance Guidance:
<blockquote>
EPS: The adjusted EPS for the fourth quarter is expected to be $0.12, while analysts expect $0.063.
Revenue: Revenue for the fourth quarter is expected to be between $13.3 billion and $14.3 billion, while analysts expect $13.63 billion.
Gross Margin: The adjusted gross profit margin for the fourth quarter is expected to be 39.5%, while analysts expect 38.7%.
</blockquote>
After the earnings report was released, Intel's stock rose over 14% in after-hours trading.
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- On October 31, Intel reported its Q3 2024 financial results, showing an adjusted EPS loss of $0.46 compared to a profit of $0.41 in the same period last year.  
- Q3 revenue reached $13.28 billion, exceeding analyst expectations of $13.02 billion, with notable performance in data center and AI revenue at $3.35 billion.  
- Following the earnings announcement, Intel's stock rose over 14% in after-hours trading.

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Intel's Q3 data center and AI revenue, as well as Q4 EPS guidance, exceeded expectations, rising over 14% in after-hours trading | Earnings report insights