Intel Corporation has reported better-than-expected fourth-quarter revenue, exceeding projections by a significant margin. The company’s efforts to revamp its sales strategy appear to be paying off, with shares rising 3.2% in extended trading. However, the CEO search process remains unchanged, and leaders indicate that any changes will take time.
Despite the positive earnings report, Intel still faces challenges in becoming more competitive in the rapidly changing semiconductor industry. The company’s results suggest that its efforts to improve sales and competitiveness are on the right track, but further progress is needed to meet projected revenue and profit goals for the first quarter.
Source: https://www.bloomberg.com/news/articles/2025-01-30/intel-first-quarter-outlook-shows-weak-demand-during-turnaround