Intel Corporation designs, manufactures, and sells essential technologies for the cloud, smart, and connected devices for retail, industrial, and consumer uses worldwide. The company operates through DCG, IOTG, Mobileye, NSG, PSG, CCG, and All Other segments. It offers platform products, such as central processing units and chipsets, and system-on-chip and multichip packages; and non-platform or adjacent products comprising accelerators, boards and systems, connectivity products, and memory and storage products. The company also provides Internet of Things products, including high-performance compute solutions for targeted verticals and embedded applications; and computer vision and machine learning-based sensing, data analysis, localization, mapping, and driving policy technology. It serves original equipment manufacturers, original design manufacturers, and cloud service providers. Intel Corporation has a strategic partnership with MILA to develop and apply advances in artificial intelligence methods for enhancing the search in the space of drugs. The company was founded in 1968 and is headquartered in Santa Clara, California.
IPO Year:
Exchange: NASDAQ
Website: intel.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/8/2024 | $36.00 → $22.00 | Outperform → Neutral | Mizuho |
| 8/6/2024 | Buy → Hold | Argus | |
| 8/2/2024 | Buy → Neutral | New Street | |
| 8/2/2024 | $35.00 → $25.00 | Hold | TD Cowen |
| 8/2/2024 | Buy → Hold | The Benchmark Company | |
| 8/2/2024 | Outperform → Mkt Perform | Raymond James | |
| 8/2/2024 | Hold → Reduce | HSBC Securities | |
| 8/2/2024 | $35.00 → $23.00 | Neutral → Underperform | BofA Securities |
| 5/16/2024 | Underperform → Peer Perform | Wolfe Research | |
| 5/13/2024 | $42.00 → $34.00 | Hold | Jefferies |
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Mizuho downgraded Intel from Outperform to Neutral and set a new price target of $22.00 from $36.00 previously
Argus downgraded Intel from Buy to Hold
New Street downgraded Intel from Buy to Neutral
TD Cowen reiterated coverage of Intel with a rating of Hold and set a new price target of $25.00 from $35.00 previously
The Benchmark Company downgraded Intel from Buy to Hold
Raymond James downgraded Intel from Outperform to Mkt Perform
HSBC Securities downgraded Intel from Hold to Reduce
BofA Securities downgraded Intel from Neutral to Underperform and set a new price target of $23.00 from $35.00 previously
Wolfe Research upgraded Intel from Underperform to Peer Perform
Jefferies initiated coverage of Intel with a rating of Hold and set a new price target of $34.00 from $42.00 previously
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Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye") today announced that it will release its financial results for the fourth quarter and full year 2024 on Thursday, January 30th, 2025, before market open. Mobileye will host a conference call at 8:00am ET (3:00pm IT) to review its results and provide a general business update. The call will be hosted by Professor Amnon Shashua, CEO, Moran Shemesh Rojansky, CFO, Nimrod Nehushtan, EVP – Business Development and Strategy, and Dan Galves, CCO. The conference call will be accessible live via a webcast on Mobileye's investor relations site, which can be found at https://ir.mobileye.com, and a replay of the webcast will be made available shortly aft
Intel Corporation today announced that it will report fourth-quarter and full-year 2024 financial results on Thursday, Jan. 30, 2025, promptly after close of market. Intel will then hold an earnings conference call at 2 p.m. PST that day to discuss the results. A live public webcast of the earnings conference call can be accessed on Intel's Investor Relations website at intc.com. Associated materials and webcast replay will be available on the site. About Intel Intel (NASDAQ:INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore's Law, we continuously work to advance the design and manufacturing of semiconduct
Award to support Intel's $100 billion investment plans to expand American semiconductor manufacturing and technology leadership. NEWS HIGHLIGHTS The U.S. Department of Commerce has awarded Intel up to $7.86 billion in direct funding through the U.S. CHIPS and Science Act to advance Intel's commercial semiconductor manufacturing and advanced packaging projects in Arizona, New Mexico, Ohio and Oregon. This direct funding is in addition to the $3 billion contract awarded to Intel for the Secure Enclave program that is designed to expand trusted manufacturing of leading-edge semiconductors for the U.S. government. Today's award, coupled with a 25% investment tax credit, will support
NEWS SUMMARY Third-quarter revenue of $13.3 billion. Third-quarter GAAP earnings (loss) per share (EPS) attributable to Intel was $(3.88); non-GAAP EPS attributable to Intel was $(0.46). $(3.89) impact to GAAP EPS attributable to Intel from $15.9 billion of impairment charges and $2.8 billion of restructuring charges; $(0.63) impact to non-GAAP EPS attributable to Intel from $3.1 billion of impairment charges. Making significant progress on plan to deliver $10 billion in cost reductions in 2025. Forecasting fourth-quarter 2024 revenue of $13.3 billion to $14.3 billion; expecting fourth-quarter GAAP EPS attributable to Intel of $(0.24); non-GAAP EPS attributable to Intel of $0.12.
Revenue decreased 8% year over year to $486 million in the third quarter. Revenue increased 11% versus the second quarter of 2024. Full year 2024 revenue guidance, at the midpoint, is unchanged compared to prior guidance. Diluted EPS (GAAP) was $(3.35) and Adjusted Diluted EPS (Non-GAAP) was $0.10 in the third quarter of 2024. GAAP EPS was impacted by a non-cash impairment loss related to the Goodwill asset on our balance sheet. Generated net cash from operating activities of $196 million in the nine months ended September 28, 2024, including $126 million in the third quarter of 2024. Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye") today released its financial results for the three m
Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye") today announced that it will release its financial results for the third quarter 2024 on Thursday, October 31, 2024, before market open. Mobileye will host a conference call at 8:00am ET (2:00pm IT) to review its results and provide a general business update. The call will be hosted by Professor Amnon Shashua, CEO, Moran Shemesh Rojansky, CFO, Nimrod Nehushtan, EVP – Business Development and Strategy, and Dan Galves, CCO. The conference call will be accessible live via a webcast on Mobileye's investor relations site, which can be found at https://ir.mobileye.com/, and a replay of the webcast will be made available shortly after the event's co
Intel Corporation today announced that it will report third-quarter 2024 financial results on Thursday, October 31, 2024, promptly after close of market. Intel will then hold an earnings conference call at 2 p.m. PDT that day to discuss the results. A live public webcast of the earnings conference call can be accessed on Intel's Investor Relations website at intc.com. Associated materials and webcast replay will be available on the site. About Intel Intel (NASDAQ:INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore's Law, we continuously work to advance the design and manufacturing of semiconductors to help add
NEWS SUMMARY Second-quarter revenue of $12.8 billion, down 1% year over year (YoY). Second-quarter GAAP earnings (loss) per share (EPS) attributable to Intel was $(0.38); non-GAAP EPS attributable to Intel was $0.02. Forecasting third-quarter 2024 revenue of $12.5 billion to $13.5 billion; expecting third-quarter GAAP EPS attributable to Intel of $(0.24); non-GAAP EPS attributable to Intel of $(0.03). Implementing comprehensive reduction in spending, including a more than 15% headcount reduction, to resize and refocus. Suspending dividend starting in the fourth quarter of 2024. The company reiterates its long-term commitment to a competitive dividend as cash flows improve
Revenue decreased 3% year over year to $439 million in the second quarter. Revenue increased 84% versus the first quarter of 2024 due to reduced consumption of excess inventory at Tier 1 customers compared to the first quarter. More than 110% increase in number of systems shipped as compared to the first quarter of 2024 led to significant improvement in Operating Loss and Adjusted Operating Profit. While we believe inventory of EyeQTM chips at our Tier 1 customers has almost fully normalized as of the end of the second quarter of 2024, we have reduced our expectation for second half volume and revenue, primarily due to China-related macro factors. We remain optimistic on the mediu
Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye") today announced that it will release its financial results for the second quarter 2024 on Thursday, August 1, 2024, before market open. Mobileye will host a conference call at 8:00am ET (3:00pm IT) to review its results and provide a general business update. The call will be hosted by Professor Amnon Shashua, CEO, Moran Shemesh Rojansky, CFO, Nimrod Nehushtan, EVP – Business Development and Strategy, and Dan Galves, CCO. The conference call will be accessible live via a webcast on Mobileye's investor relations site, which can be found at https://ir.mobileye.com/, and a replay of the webcast will be made available shortly after the event's co
Carol Tate will serve as CCO following her tenure as Chief Compliance Officer at Intel Former President & CEO of Human Rights First, Michael Breen, appointed as Advisor to the Board of Directors Today, Sandvine (the "Company"), a market-leading provider of Over-the-Top (OTT) Application Classification and Quality of Experience (QoE) solutions, announced the appointments of Carol Tate as Chief Ethics & Compliance Officer, effective February 3, and Michael Breen as Advisor to the Board of Directors, effective January 1. Working closely with teams across the Company and in collaboration with its Board of Directors, Tate will spearhead compliance and due diligence initiatives to help facili
Harnessing the power of software and hardware security to drive stronger ransomware detection for businesses, released at CES 2025 DALLAS, Jan. 7, 2025 /PRNewswire/ -- Trend Micro Incorporated (4704, TSE: 4704), a global cybersecurity leader, today announced a new collaboration with Intel® ((INTC) designed to help joint enterprise customers protect critical systems from stealthy threats, including fileless malware and advanced ransomware. When Trend's proactive security platform and Intel's technology are used together, the integrated solution can better determine if encryptio
Intel Corporation today announced that Eric Meurice, former president, chief executive officer and chairman of ASML Holding N.V., and Steve Sanghi, chairman and interim chief executive officer of Microchip Technology Inc., have been appointed to Intel's board of directors, effective immediately. Both will serve as independent directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241205898439/en/Eric Meurice joined Intel Corporation's board of directors in December 2024. (Photo: Business Wire) "Eric and Steve are highly respected leaders in the semiconductor industry whose deep technical expertise, executive experience and op
David Zinsner and Michelle Johnston Holthaus named interim Co-CEOs. Holthaus also appointed to the newly created position of CEO of Intel Products. Frank Yeary named interim executive chair. Intel Corporation (NASDAQ:INTC) today announced that CEO Pat Gelsinger retired from the company after a distinguished 40-plus-year career and has stepped down from the board of directors, effective Dec. 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241202016400/en/Effective Dec. 1, 2024, Intel Corporation CEO Pat Gelsinger has retired from the company and stepped down from the board of directors. (Credit: Intel Corporation) Intel
NEW YORK, Nov. 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the Dow Jones Industrial Average (DJIA) and Dow Jones Utility Average (DJUA) effective prior to the open of trading on Friday, November 8: NVIDIA Corp. (NASD:NVDA) will replace Intel Corp. (NASD:INTC), and The Sherwin-Williams Co. (NYSE:SHW) will replace Dow Inc. (NYSE:DOW) in the Dow Jones Industrial Average. The index changes were initiated to ensure a more representative exposure to the semiconductors industry and the materials sector respectively. The DJIA is a price weighted index, and thus persistently lower priced stocks have a minimal impact on the index. Dow Inc. is also the smallest com
Leading tech companies to collaborate on architectural interoperability and simplify software development across the ecosystem; luminaries Linus Torvalds and Tim Sweeney join founding members Broadcom, Dell, Google, Hewlett Packard Enterprise, HP Inc., Lenovo, Meta, Microsoft, Oracle, and Red Hat. Intel Corp. (INTC) and AMD (NASDAQ:AMD) today announced the creation of an x86 ecosystem advisory group bringing together technology leaders to shape the future of the world's most widely used computing architecture. x86 is uniquely positioned to meet customers' emerging needs by delivering superior performance and seamless interoperability across hardware and software platforms. The group will f
Dr. Chandrasekaran succeeds retiring Keyvan Esfarjani as chief global operations officer Intel Corporation today announced the appointment of Dr. Naga Chandrasekaran as chief global operations officer, executive vice president and general manager of Intel Foundry Manufacturing and Supply Chain organization. Chandrasekaran joins Intel from Micron, where he served as senior vice president for Technology Development. He will be a member of Intel's executive leadership team and report to CEO Pat Gelsinger. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240725556394/en/Dr. Naga Chandrasekaran has been appointed by Intel Corporation
Mobileye Global Inc. (NASDAQ:MBLY) announced today the appointment of Elaine L. Chao to the Mobileye Global Inc. Board of Directors as an independent director, effective as of June 7, 2024. "It's an honor to have former U.S. Secretary of Transportation and U.S. Secretary of Labor Elaine Chao join Mobileye's board as an independent director," said Patrick P. Gelsinger, chair of Mobileye's board of directors. "Elaine's experience in technology, transportation and business transformation will bring a wealth of knowledge to our mission of advancing road safety through advanced technology." Secretary Chao has had a distinguished career as a national and global leader in the public, private a
O'Buckley will oversee Intel's systems foundry growth strategy Intel Corporation today announced the appointment of Kevin O'Buckley as senior vice president and general manager of Foundry Services, the customer service and ecosystem operations division of Intel Foundry. O'Buckley starts today and becomes a member of Intel's executive leadership team reporting to CEO Pat Gelsinger. He succeeds Stuart Pann, who will retire from Intel after 35 years of service at the end of May and remain an adviser to support a seamless transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240513572065/en/Kevin O'Buckley is senior vice pres
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- With integration of AI-powered computing steadily on the rise, analysts at Goldman Sachs Research are projecting that the global data center power behind this tech boom is poised to more than double by 2030. However, the catch is that Goldman's teach believes that the supporting data center load growth will require at least $50 billion in new power generation capacity investment to achieve this. Experts are now declaring that 'futuristic AI needs futuristic data centers' in order to achieve the dreams of developers and end-users. According to WhaTech, the growth for data centers ma
Carol Tate will serve as CCO following her tenure as Chief Compliance Officer at Intel Former President & CEO of Human Rights First, Michael Breen, appointed as Advisor to the Board of Directors Today, Sandvine (the "Company"), a market-leading provider of Over-the-Top (OTT) Application Classification and Quality of Experience (QoE) solutions, announced the appointments of Carol Tate as Chief Ethics & Compliance Officer, effective February 3, and Michael Breen as Advisor to the Board of Directors, effective January 1. Working closely with teams across the Company and in collaboration with its Board of Directors, Tate will spearhead compliance and due diligence initiatives to help facili
Mobileye Global Inc. (NASDAQ:MBLY) ("Mobileye") today announced that it will release its financial results for the fourth quarter and full year 2024 on Thursday, January 30th, 2025, before market open. Mobileye will host a conference call at 8:00am ET (3:00pm IT) to review its results and provide a general business update. The call will be hosted by Professor Amnon Shashua, CEO, Moran Shemesh Rojansky, CFO, Nimrod Nehushtan, EVP – Business Development and Strategy, and Dan Galves, CCO. The conference call will be accessible live via a webcast on Mobileye's investor relations site, which can be found at https://ir.mobileye.com, and a replay of the webcast will be made available shortly aft
Intel will remain an investor in the new fund, which will bring Intel Capital's corporate structure into alignment with other leading venture firms. Intel Corporation ("Intel") today announced its intention to separate Intel Capital, its global venture capital arm, into a standalone fund. The new fund will bring Intel Capital's corporate structure into alignment with other leading venture firms, enabling greater autonomy and the flexibility to attract external capital. Intel will remain an anchor investor in the new company. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250114487691/en/Intel Corporation plans to separate Inte
Intel Corporation today announced that it will report fourth-quarter and full-year 2024 financial results on Thursday, Jan. 30, 2025, promptly after close of market. Intel will then hold an earnings conference call at 2 p.m. PST that day to discuss the results. A live public webcast of the earnings conference call can be accessed on Intel's Investor Relations website at intc.com. Associated materials and webcast replay will be available on the site. About Intel Intel (NASDAQ:INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore's Law, we continuously work to advance the design and manufacturing of semiconduct
At CES 2025, Intel unveils new adaptive control solution, next-gen discrete graphics and AWS virtual design environment. What's New: At CES, Intel unveiled an expanded product portfolio and new partnerships designed to accelerate automakers' transitions to electric and software-defined vehicles (SDVs). Intel now offers a whole-vehicle platform, including high-performance compute, discrete graphics, artificial intelligence (AI), power management and zonal controller solutions alongside the Intel® Automotive Virtual Design Environment (VDE) co-developed with Amazon Web Services (AWS). Intel's approach addresses automakers' cost and performance scalability challenges, enabling faster, more e
HERZLIYA, Israel, Jan. 7, 2025 /PRNewswire/ -- BUFFERZONE®, a provider of next-generation endpoint security solutions that protect endpoints from advanced cyber threats, and Intel Corp. (NASDAQ:INTC) industry-leading CPU AI inference manufacturer today announced their continued partnership in AI PC innovation. BUFFERZONE® releases two novel AI solutions as part of their Safe Workspace® solution suite powered by NoCloud™ AI technology. Both technologies operate on Intel® Core™ Ultra processors, ensuring sensitive data remains local and never sent to the cloud. The first solution, SafeBridge® AI, is an innovative zero-trust Content Disarm and Reconstruction (CDR) solution that now incorporate
Harnessing the power of software and hardware security to drive stronger ransomware detection for businesses, released at CES 2025 DALLAS, Jan. 7, 2025 /PRNewswire/ -- Trend Micro Incorporated (4704, TSE: 4704), a global cybersecurity leader, today announced a new collaboration with Intel® ((INTC) designed to help joint enterprise customers protect critical systems from stealthy threats, including fileless malware and advanced ransomware. When Trend's proactive security platform and Intel's technology are used together, the integrated solution can better determine if encryptio
Intel pushes the boundaries of AI performance and power efficiency for businesses and consumers, ushering in the next era of AI computing. NEWS HIGHLIGHTS New Intel® Core™ Ultra 200V series mobile processors with Intel vPro® are empowering businesses with AI-driven productivity and enhanced IT management1. The combination of performance, efficiency and industry-leading business computing with advanced security and manageability – all while enabling a seamless Microsoft Copilot+ experience – helps to deliver a robust platform for modern workplaces. New Intel® Core™ Ultra 200HX and H series mobile processors feature improved Performance-cores and Efficient-cores, an integrated neural
Together with Intel Automotive, Karma is Creating an Open Ecosystem for SDVA, Transforming Software Development Practices to Benefit the Entire Industry IRVINE, Calif., Dec. 23, 2024 /PRNewswire/ -- Earlier this year, Karma Automotive announced its bilateral collaboration with Intel Automotive to co-develop SDVA (Software Defined Vehicle Architecture) which will underpin its upcoming vehicles starting with the 2026 Karma Kaveya super-coupe, and to demonstrate and validate critical concepts for the advancement of open standards for SDVA that can be shared openly and commercially to support the transformation of the broader automotive industry.
Alessia's fans will experience a behind-the-scenes look at the creative process for her Love & Hyperbole album trailer through an episodic series, brought to life by Lenovo's smarter technology and Intel's cutting-edge processors. LOS ANGELES, Dec. 19, 2024 /PRNewswire/ -- In their sixth year of collaborating with globally-renowned artists to bring their creative visions to life, Lenovo, Intel, and Universal Music Group For Brands (UMGB), announced a new partnership with singer/songwriter and GRAMMY® Award-winning artist Alessia Cara. This collaboration is anchored in Lenovo's "Made By" campaign, positioning Alessia as the inspiration for a multi-faceted experience that celebrates the inters