Connect with GamesBeat Summit in Los Angeles will be attended by top gaming executives on May 22-23. Register here.
Intel Fourth-quarter earnings reported that were not met analyst expectations as The big chip manufacturer struggles with slowing demand.
According to Santa Clara-based chip manufacturer, Chipmaker Santa Clara also claimed it Already took measures “right-size” the company’s headcount during Q4. While Intel Has been a While AMD is the bellwether for gaming, Advanced Micro Devices (AMD) has grown at a much faster rate and taken market share. AMD reported earnings January 31.
Intel Also, it Expects to report an adjustment loss of 15% a In the quarter that ended on March 31st, share was up 1%. Analysts expected analysts to expect to see a Profit of 24 Cents a share in Q1, and that’s a The stock is now under pressure. In after hours-trading, Intel’s stock is down 8.4% to $27.55 a share.
Intel According to analysts, Q4 revenues were $14.4 billion. However, they reported $14 billion. The expected 19cs was the adjusted earnings per share. a share.
GamesBeat Summit 2023
Los Angeles’ GamesBeat Community will be open May 22-23. You’ll hear from the brightest minds within the gaming industry to share their updates on the latest developments.
Datacenter and AI revenue fell 33% to $4.3 billion from $6.4 billion. a Year ago, but higher than expected by analysts at $4 billion. Revenue from client computing fell 36% to $6.6 billion from $10.3 billion. a Comparative data from a year earlier with The $7.4 Billion expected.
In Q1 Intel it Expectations of revenue between $10.5 and $11.5 Billion are lower than those of $14 billion. The gross margin is expected to average 39% while the loss will likely be 15% a share. Analysts expected 45.5%. The long term Intel The company hopes to reach 51% gross margins.
Intel’s Mobileye division reported revenues of $565 million, up 59% from $356 million a An year ago The operating income was 71% higher than the year before. a An year ago. Intel’s new accelerated systems and graphics group reported $247 million in Q4, up 1% from $245 million a An year ago. Intel Also, Intel Foundry Services was $245 million higher than it was at $245 million. This is a 30% increase in Foundry Services. a An year ago. Both foundry and graphics groups are in decline.
Consumer PC sales are on the decline, as you can see. as Consumers have already made purchases a During the pandemic, homeowners spent a lot to update their homes. However, they may not need them anymore.
Gartner revealed that Q4 PC sales were down 28.5% globally. This downturn was reflected in the following: Intel Pat Gelsinger, CEO of Chip Manufacturing Investments is heavily investing in it. It looked this way a During the Pandemic, when there was a lot of supply shortfalls, this bet proved to be a very wise one. Here we are it’s definitely a It is risky to make this move given the economic downturn and lower demand.
Still, Intel Building a Ohio has a $20 billion manufacturing plant it The Chips and Science Act will be a benefit to the hopes of many. a A $54 billion investment plan is being made in U.S. electronics infrastructure and manufacturing. Intel. However, Intel isn’t yet sure how much money Intel The legislation will be followed.
The “right-sizing,” Intel It hasn’t yet stated what impact this will have on its workforce beyond providing assistance. it Save $3 billion This could help you save between $8 and $10 billion each year by 2025. Intel it wasn’t going to provide guidance for the long term beyond the first quarter. The company stated it manages its cash flow.
In Q4, the 13th Generation was Intel Core desktop processor family became available, starting with desktop “K” The processors Intel Z790 chipset.
Intel The quarter was closed with 131,900 employees, slightly higher than 131,500 Q3 and 121,100 respectively a Year ago. An analyst Call Gelsinger, who stated that the Sapphire Rapids chips are in strong demand and that confidence is growing. with customers. Customers. Intel Gelsinger claimed that the share has fallen “the installed base is with Intel.”
He continued, “We stumbled. We lost share.” He said that he does not see the problem. Intel He was confident that he would regain market share over the long-term. He agreed. Intel In 2022 and beyond, the market lost share it This year, we would like to address this issue with Better products as it Chips with new ramps
Gelsinger claimed that he strongly believes in the power of prayer. Intel Technology leadership will be retaken it He will invest the capital necessary to achieve this. However, he said that investments that were based on actual demand have been adjusted downward by the company. He believes that enterprise and China will return to the market faster than the cloud.
GamesBeat’s Creed When covering the gaming industry, “where passion meets business.” What does all this mean? This is how we want you to understand the importance of news to you. as a decision-maker at a Studio for game development, but also as a You are a gamer. GamesBeat can help you engage in the industry by helping you to read, listen, or view our videos. with it. Check out our briefings.