Intel Corp.
NASDAQ:INTC
Restructuring / Reorganization, Other Pre-Announcement
Intel Says Forecasting Q1 2023 Revenue Of $10.5 Billion To $11.5 Billion
Published: 01/26/2023 21:59 GMT
Intel Corp. (INTC) - Intel - Forecasting Q1 2023 Revenue of $10.5 Billion to $11.5 Billion; Expecting Q1 Loss per Share of $0.80 (non-GAAP Loss per Share of $0.15).
Intel Corp - in the Fourth Quarter, We Took Steps to Right-size the Organization and Rationalize Our Investments.
Intel Corp - Sees Q1 Gross Margin About 34.1%.
Intel Corp - Effective January, Increased the Estimated Useful Life of Certain Production Machinery and Equipment From Five Years to Eight Years.
Intel Corp - Actions Underpin Our Cost-reduction Targets of $3 Billion in 2023, and Set Stage to Achieve $8 Billion to $10 Billion by End of 2025.
Intel Corp - Change in Depreciable Life Will Not Be Counted Toward $3 Billion in Cost Savings in 2023 Or the $8 Billion to $10 Billion Exiting 2025.
Intel Corp - Expects Total Depreciation Expense in 2023 to Reduce by Roughly $4.2 Billion.
Intel Corp - Effective Jan 2023, Increased the Estimated Useful Life of Certain Production Machinery and Equipment From Five Years to Eight Years.
Intel - Q1 2023 Outlook Includes Estimated $350 Million- $500 Million Benefit to Operating Margin Or $0.07 to $0.10 Benefit to EPS From Change in Depreciable Life.
Further Company Coverage: Intco ((reuters.
Briefs@thomsonreuters.
Com;)).
Intel Corp - in the Fourth Quarter, We Took Steps to Right-size the Organization and Rationalize Our Investments.
Intel Corp - Sees Q1 Gross Margin About 34.1%.
Intel Corp - Effective January, Increased the Estimated Useful Life of Certain Production Machinery and Equipment From Five Years to Eight Years.
Intel Corp - Actions Underpin Our Cost-reduction Targets of $3 Billion in 2023, and Set Stage to Achieve $8 Billion to $10 Billion by End of 2025.
Intel Corp - Change in Depreciable Life Will Not Be Counted Toward $3 Billion in Cost Savings in 2023 Or the $8 Billion to $10 Billion Exiting 2025.
Intel Corp - Expects Total Depreciation Expense in 2023 to Reduce by Roughly $4.2 Billion.
Intel Corp - Effective Jan 2023, Increased the Estimated Useful Life of Certain Production Machinery and Equipment From Five Years to Eight Years.
Intel - Q1 2023 Outlook Includes Estimated $350 Million- $500 Million Benefit to Operating Margin Or $0.07 to $0.10 Benefit to EPS From Change in Depreciable Life.
Further Company Coverage: Intco ((reuters.
Briefs@thomsonreuters.
Com;)).