Intel reported first-quarter earnings on Thursday that beat Wall Street expectations for earnings per share, but came up light in sales.
Intel gave a weak forecast for the current quarter.
That forecast compares to analysts' expected earnings per share of 25 cents, on $13.57 billion in sales.
In the first quarter, Intel reported a net loss of $400 million, or 9 cents per share, versus a net loss of $2.8 billion, or 66 cents per share, last year.
Intel said last month that it had reported a $7 billion operating loss in its foundry in 2023.
Persons:
Pat Gelsinger
Organizations:
Intel, Summit, Revenue, Intel Foundry, Intel's Foundry, Intel's, Data Center, Nvidia, Gaudi
Locations:
Washington ,