Intel Expects Q2 Adj EPS $0.00 Versus IBES Estimate $0.06

April 24 (Reuters) - Intel Corp INTC.O:

• INTEL Q1 ADJUSTED EPS $0.13 VERSUS IBES ESTIMATE $0.01

• INTEL Q1 REVENUE $12.7 BILLION VERSUS IBES ESTIMATE $12.30 BILLION

• INTEL OUTLOOK Q2 ADJUSTED EPS $0.00 VERSUS IBES ESTIMATE $0.06

• INTEL OUTLOOK Q2 REVENUE $11.2 BILLION TO $12.4 BILLION VERSUS IBES ESTIMATE $12.82 BILLION

• INTEL OUTLOOK Q2 NON-GAAP GROSS MARGIN 36.5% VERSUS IBES ESTIMATE 36.93%

• INTEL: ANNOUNCING INITIATIVE TO DRIVE IMPROVED EXECUTION AND OPERATIONAL EFFICIENCY

• INTEL: PLAN INCLUDES STREAMLINING ORGANIZATION, ELIMINATING MANAGEMENT LAYERS AND ENABLING FASTER DECISION-MAKING

• INTEL OUTLOOK 2025 NON-GAAP OPERATING EXPENSES $17 BILLION AND OUTLOOK 2026 NON-GAAP OPERATING EXPENSES $16 BILLION

• INTEL: TO REDUCE ITS GROSS CAPITAL EXPENDITURES TARGET TO $18 BILLION FOR 2025

• INTEL: CURRENT MACRO ENVIRONMENT IS CREATING ELEVATED UNCERTAINTY ACROSS THE INDUSTRY

• INTEL Q1 NON-GAAP GROSS MARGIN 39.2% VERSUS IBES ESTIMATE 36.07%

Source text: [ID:]