On Thursday evening, Intel reported adjusted EPS (non-GAAP) of $0.18 for the first three months of 2024, compared with a loss of $0.04 per share a year earlier, as well as an adjusted operating margin that improved by 8.2 points to 5.7%.

The chipmaker increased its sales by 9% to $12.7 billion, growth driven in particular by its Client Computing Group (CCG) division, whose revenues soared by 31% to $7.5 billion thanks to the development of AI.

Intel forecasts adjusted EPS of $0.10 and revenues of between $12.5 and $13.5 billion for the current quarter, as well as growth in both adjusted EPS and revenues for the full year 2024, with a gross margin gain of around 200 basis points.

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