Intel reports a significant revenue drop and delays its Clearwater Forest processor launch to 2026.
Intel reported a 7% drop in revenue to $14.3 billion, with earnings per share down 76% to $0.13. The company's product and data center segments saw revenue decreases of 6% and 3%, respectively. Intel delayed the launch of its Clearwater Forest processor to 2026 and forecasts first-quarter revenue between $11.7 billion and $12.7 billion. Despite challenges, the stock may still have potential value.
5 weeks ago
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