Intel posts Q4 revenue of $15.4B, up 10% but Q1 expectations weak

Intel reported that its fourth-quarter revenue was $15.4 billion, up 10% from a year earlier. But the stock sank on the news that Intel was forecasting a lower-than-expected Q1.

Overall revenue for the full 2023 year was $54.2 billion, down 14% from a year earlier. Fourth-quarter earnings per share (EPS) were 63 cents a share, while non-GAAP EPS was 54 cents a share. Full-year EPS was 40 cents a share, while non-GAAP EPS attributable to Intel was $1.05 a share.