After posting two successive revenue warnings, Intel has finally revealed the full extent of the damage. The company's fourth-quarter financial results statement is up, and conform to its most recent prediction, Q4 revenue worked out to just $8.2 billion—a 19% drop compared to the third quarter, and a 23% drop compared to a year before.
Intel still managed to turn a profit last quarter, but at $234 million, its net income was a small fraction of the $2.3 billion it posted a year ago. The chipmaker's gross margin also slumped from 58% to 53% over the same time period, a drop Intel attributes to "higher factory underutilization charges and higher inventory write-offs."
So, how are things shaping up this quarter? Intel says it's "not providing a revenue outlook at this time," although its internal guidance is for revenue to slide further to $7 billion. Gross margin should also dip to the "low 40s" because of "higher underutilization charges and 32nm start-up costs."
|TR's 2017 Christmas giveaway: eight days left and counting||4|
|Rumor: Ryzen 2 set for Q1 2018 and a Fenghuang APU breaks cover||12|
|MSI gives Radeon RX Vega cards an Air Boost||12|
|Corsair's latest SO-DIMM kit takes 32 GB of DDR4 to 4000 MT/s||4|
|Report: Intel Inside co-marketing program will get a budget cut||28|
|Gingerbread House Day Shortbread||17|
|iMac Pro details and release date come into focus||49|
|Radeon Software Adrenalin Edition: an overview||26|
|Tuesday deals: NVMe storage, a GeForce GTX 1080 Ti, and more||9|