{"id":9105,"date":"2024-04-26T10:50:14","date_gmt":"2024-04-26T02:50:14","guid":{"rendered":"https:\/\/www.1ai.net\/?p=9105"},"modified":"2024-04-26T10:50:14","modified_gmt":"2024-04-26T02:50:14","slug":"%e5%8f%97ai%e7%ad%89%e6%8e%a8%e5%8a%a8%ef%bc%8c%e8%8b%b1%e7%89%b9%e5%b0%94%e7%ac%ac%e4%b8%80%e5%ad%a3%e5%ba%a6%e8%90%a5%e6%94%b6127%e4%ba%bf%e7%be%8e%e5%85%83%e3%80%81%e5%a2%9e%e9%95%bf9","status":"publish","type":"post","link":"https:\/\/www.1ai.net\/en\/9105.html","title":{"rendered":"Driven by AI and other factors, Intel's first quarter revenue was $12.7 billion, up 91%"},"content":{"rendered":"

Intel<\/a>Under its new financial structure, the company announcedFirst<\/span>quarterly results, aiming to establish itself asAI Hardware<\/a>FieldLeaders<\/span>The company reported todayFirst<\/span>Quarterly revenue was $12.7 billion, up 91% year-on-year. Revenue for the second quarter of 2024 is forecast to be between $12.5 billion and $13.5 billion.<\/p>\n

althoughFirst<\/span>The company's earnings beat analysts' expectations for the quarter, but the company's second-quarter outlook sent shares down 81% as it missed analysts' expectations for the upcoming quarter of $13.63 billion. Its adjusted EPS was $0.18 on revenue of $12.72 billion.<\/p>\n

"We made solid progress," Intel CEO Pat Gelsinger said on an earnings call today.First<\/span>He noted that the numbers were "a little bit weaker than we expected," and that Intel expectsFirst<\/span>The quarter will be the "trough" and revenue growth will gradually accelerate throughout the year.<\/p>\n

\"202312150906247801_1\"<\/p>\n

However, Intel executives touted the company\u2019s growing AI capabilities. Notably, it is challenging rivals Nvidia and AMD with the launch of its new Gaudi 3 AI accelerator, which it says will deliver an average of 50% faster inference speed and 40% higher inference power efficiency on major AI models than the Nvidia H1001. Intel is also increasingly emphasizing its AI PC<\/a> Product line.<\/p>\n

Intel recently announced a reorganization that puts revenues from its Client Computing Group, Data Center and AI, and Networking and Edge divisions under the umbrella of \u201cIntel Products.\u201d Intel\u2019s foundry semiconductor business is now reported under \u201cIntel Foundry.\u201d Its semiconductor business Altera, software business Mobileye, and other functions are now under the new \u201cOther\u201d division.<\/p>\n

The company's Intel products reached $11.9 billion, up 17% year-over-year. Its client computing products grew to $7.5 billion, up 31% year-over-year. Its data center and AI products reached $3 billion (up 5% year-over-year), and its network and edge division grew to $1.4 billion (8% year-over-year). In contrast, "other" revenue was $775 million, down 46% year-over-year. In addition, its Intel wafer foundry business reported quarterly revenue of $4.4 billion, down 10% year-over-year.<\/p>\n

Intel continues to roll out its AI PC products, with shipments exceeding initial expectations. The company launched the Intel Coresuper<\/span>Processor, as ofFirst<\/span>At the end of the quarter, more than 5 million AI PCs had been shipped. The company expects to exceed its previous forecast of 40 million AI PCs by the end of 2024.<\/p>\n

"We are defining and leading the AI PC category," Gelsinger said, noting that units are on track to double in the second quarter. "This is a hot product. We're just getting incremental growth on our AI PCs."<\/p>\n

He noted that there were some limitations in the level of the crystal circle and in the capacity of the company \u201cto try to catch up\u201d and to create more crystal circle-level components. Gaelsinger described AI PC as a new category with many and growing use cases. Every independent software provider (ISV) is in \"AI-Performation\" of their application, which he calls \"Wi-Fi and WiMAX Wimax Wireless Computer Network Adapters.\"\u3002<\/p>\n

He said, \"Every PC will be AI PC over time.\" \"We will get incremental benefits from AI PC.\" At the back end, the company Gaudi3 and Falcon Shores, according to Intel, are specially designed for artificial intelligence work loadsFirst<\/span>THE GPU STRUCTURE IS EXPECTED TO BE LAUNCHED NEXT YEAR\u3002<\/p>","protected":false},"excerpt":{"rendered":"

Intel Corp. announced first-quarter results under its new financial architecture model designed to establish itself as a leader in artificial intelligence hardware. The company today reported first-quarter revenue of $12.7 billion, up 91 TP3T year-over-year. forecasts of $12.5 to $13.5 billion in Q2 2024 revenue. Despite beating analysts' estimates for the first quarter, the company's second-quarter outlook sent shares down 81 TP3T after missing analysts' expectations of $13.63 billion for the upcoming quarter. Its adjusted earnings per share were $0.18 on revenue of $12.72 billion. Intel CEO Pat Gelsinger said on today's earnings call, \"We had a solid first quarter.\" He noted that the numbers were \"better than we expected<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[146],"tags":[977,2401,240],"collection":[],"class_list":["post-9105","post","type-post","status-publish","format-standard","hentry","category-news","tag-ai-pc","tag-2401","tag-240"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts\/9105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/comments?post=9105"}],"version-history":[{"count":0,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/posts\/9105\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/media?parent=9105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/categories?post=9105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/tags?post=9105"},{"taxonomy":"collection","embeddable":true,"href":"https:\/\/www.1ai.net\/en\/wp-json\/wp\/v2\/collection?post=9105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}