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Intel Sees Q3 Non-GAAP EPS $(0.03); Revenue $12.5B-$13.5B Vs $12.944B Est.

Author: Benzinga Newsdesk | August 01, 2024 04:03pm

Business Outlook

Intel's guidance for the third quarter of 2024 includes both GAAP and non-GAAP estimates as follows:

Q3 2024 GAAP Non-GAAP
Revenue $12.5-13.5 billion  
Gross Margin 34.5% 38.0%
Tax Rate 34% 13%
Earnings (Loss) Per Share Attributable to Intel—Diluted $(0.24) $(0.03)

Reconciliations between GAAP and non-GAAP financial measures are included below. 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.

Posted In: INTC

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