Intel expects first-quarter revenue to fall sharply from a year earlier to $105-$11.5 billion.

January 30 news, According to foreign media reports, Intel last week released a disappointing fourth quarter earnings report, Revenue fell to 14 billion US dollars, Under the United States GAAP year-on-year decline of 32%, Non-United States GAAP year-on-year decline of 28%, Profit also fell sharply, Under the United States GAAP from profit to loss, Appear a net loss of 700 million US dollars, Annual revenue of 63.1 billion US dollars. It is also far less than 2021.

According to the information disclosed by Intel in the financial report, after several consecutive quarters of sharp decline, their revenue will not rebound in the first quarter of this year, and is expected to decline sharply year-on-year.

In its earnings report, Intel expects revenue of $10.5 billion to $11.5 billion in the first quarter, gross margin under GAAP is expected to be 34.1%, and non-GAAP is expected to be 39%.

In the first quarter of 2022, Intel's revenue was $18.4 billion and its gross profit margin exceeded 50%. Their revenue forecast of $10.5 billion to $11.5 billion for the first quarter of this year is down $6.9 billion to $7.9 billion year-on-year, down more than 37% year-on-year.

According to Intel's previous earnings report, after year-on-year growth in the fourth quarter of 2021, their revenue fell year-on-year in four quarters last year. In the first quarter of last year, Intel's revenue of $18.4 billion fell year-on-year; the next two quarters of $15.3 billion fell sharply year-on-year.