Intel Non-GAAP EPS of $0.10 misses by $0.10, revenue of $14B misses by $490M
Intel press release (NASDAQ:INTC): Q4 Non-GAAP EPS of $0.10  misses by $0.10.
Revenue of $14B (-28.2% Y/Y)  misses by $490M.
Shares -5%.
Key Business Units: Client Computing Group: $6.6B (-34.7%) Y/Y; Datacenter and AI Group: $4.3B (-41.1%) Y/Y; Network and Edge Group: $2.1B (-1%) Y/Y;
Q1 Guidance: Revenue: $10.5-11.5B vs $14.02B consensus. Non-GAAP EPS: -$0.15 vs $0.25 consensus.
âIn the fourth quarter, we took steps to right-size the organization and rationalize our investments, prioritizing the areas where we can deliver the highest value for the long term,â said David Zinsner, Intel CFO. âThese actions underpin our cost-reduction targets of $3 billion in 2023, and set the stage to achieve $8 billion to $10 billion by the end of 2025.â