Intel Sees Q2 EPS $0.10 Vs $0.24 Est.; Revenue $12.5B-$13.5B Vs $12.68B Est.

Business OutlookIntel's guidance for the second quarter of 2024 includes both GAAP and non-GAAP estimates. Reconciliations between GAAP and non-GAAP financial measures are included below.Q2

Business Outlook

Intel’s guidance for the second quarter of 2024 includes both GAAP and non-GAAP estimates. Reconciliations between GAAP and non-GAAP financial measures are included below.

Q2 2024   GAAP   Non-GAAP
Revenue   $12.5-13.5 billion    
Gross Margin   40.2%   43.5%
Tax Rate   61%   13%
Earnings (Loss) Per Share Attributable to Intel—Diluted   $(0.05)   $0.10

Actual results may differ materially from Intel’s business outlook as a result of, among other things, the factors described under “Forward-Looking Statements” below. The gross margin and EPS outlook are based on the mid-point of the revenue range.

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