Overview
- Intel beat Q4 expectations with $13.7 billion in revenue and $0.15 adjusted EPS, even as supply constraints limited shipments.
- Management guided Q1 revenue to $11.7–$12.7 billion with breakeven adjusted EPS, citing the inability to meet current customer orders.
- Executives pointed to below‑target yields on the 18A node, fabs running at capacity, and exhausted buffer inventory as key constraints.
- Intel is shifting internal wafer capacity toward higher‑margin Xeon data‑center chips and focusing client output on mid‑to‑high‑end PCs as low‑end volumes give way.
- Shares fell roughly 12%–17% in early trading, while the foundry unit posted $4.5 billion in revenue and about a $2.5 billion operating loss, with rising memory costs posing an additional headwind for PCs.