Intel Corporation, with the symbol ‘INTC’ and the stock value of $27.61, is a NASDAQ-listed company whose market cap is $114.2 bln. The company has 4.14 bln shares outstanding. Intel Corporation’s revenue for the past five quarters (from 2 Jan 2021 to 27 Apr 2023) has generally been on an upward trajectory.
In the quarter ending 31 Dec 2021, Intel Corporation reported a revenue of $20.5 bln, which was 6% higher than what had been estimated ($18.3 bln). In the following quarter (ending 2 Jul 2022), revenues grew by 1% despite estimates predicting a decrease in revenue of 7%.
In Q3 2022 (ending 1 Oct 2022), Intel Corporation reported revenues of $15.3 bln, matching estimations perfectly. This was followed by a jump in revenues in Q4 2022 (ending 2 Apr 2023) to $18.4 bln; 6% higher than estimations ($17.3 bln). Lastly, in the most recent quarter ending 27 Jan 2023, Intel Corporation reported a revenue of $14 bn which was 12% lower than estimation ($16 bn).
Overall, Intel Corporation has seen increase in its revenues over the last five quarters and appears to be doing well financially; however one should bear in mind that the most recent quarter showed a decrease from estimates and may signify financial difficulties ahead for this tech giant if not addressed soon enough.