Overview
- Intel guided first‑quarter revenue to $11.7–$12.7 billion, a miss that drove shares down more than 12% after hours and 17% by the next close.
- Fourth‑quarter results showed $13.7 billion in revenue and a GAAP net loss of $333 million, falling short of analyst expectations.
- CEO Lip‑Bu Tan said he was disappointed the company could not meet market demand, and CFO David Zinsner said Intel is buying equipment to boost wafer output after underforecasting AI and data‑center CPU needs.
- Management said 18A yields are below desired levels, and the early Panther Lake mix is pressuring gross margins in Q1.
- Intel gave no new 14A customer updates and said it will not build 14A capacity without commitments, as its foundry arm continues to rack up multi‑billion‑dollar losses.