Intel Q2 2024 Earnings: A Horrendous Result With A Miss On Total Revenue, DCAI, Gross Margin, And EPS

Intel has now announced its earnings for the second quarter of 2024, posting broadly negative results relative to the consensus expectations. Intel (NASDAQ: INTC) Earnings Release for the Second Quarter of 2024 For the three months that ended on the 30th of June, 2024, Intel reported $12.833 billion in non-GAAP revenue, missing consensus expectations of $12.94 billion. Here is the actual performance of Intel’s business segments in Q2 2024: The following chart compares the performance of Intel’s two major segments – Data Center and AI (DCAI) and Client Computing Group (CCG) – with Wall Street’s consensus expectations (sourced from here […]

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