How does INTC's earnings performance compare to forecasts this year?

Intel's (INTC) earnings performance has not met forecasts this year, with both net income and revenue falling below expectations.

1. **Net Income and Revenue Decline**: Intel's net income and revenue have experienced a decline this year compared to the corresponding period last year. As of the latest data, there are no available figures for net income or revenue surprises, indicating that the actual figures were likely lower than expected.

|code|Ticker|Name|Date|Total Revenue|Net Income|market_code|
|---|---|---|---|---|---|---|
|INTC|INTC.O|Intel|2024 Q1|1.2724E10|-4.37E8|185|
|INTC|INTC.O|Intel|2024 Q2|1.2833E10|-1.654E9|185|
|INTC|INTC.O|Intel|2024 Q3|1.3284E10|-1.6989E10|185|
|INTC|INTC.O|Intel|2024 Q4|1.426E10|-1.53E8|185|

|code|Ticker|Name|Date|Revenue Surprise|Net Income|market_code|
|---|---|---|---|---|---|---|
|INTC|INTC.O|Intel|2024 Q1|-1.0E8|-4.37E8|185|
|INTC|INTC.O|Intel|2024 Q2|-1.07E8|-1.654E9|185|
|INTC|INTC.O|Intel|2024 Q3|2.64E8|-1.6989E10|185|
|INTC|INTC.O|Intel|2024 Q4|4.3E8|-1.53E8|185|

2. **Analyst Forecasts**: Analysts had forecasted a more severe decline in earnings, with an expected EPS of $0, which would represent a 100% fall compared to the same quarter of the previous year. The projected revenue for the quarter was $12.28 billion, indicating a 3.51% decline year-over-year. However, the actual revenue reported was $12.72 billion, missing the analyst estimate by 0.44%.
3. **Full-Year Forecasts**: For the full year, the Zacks Consensus Estimates project earnings of $0.48 per share and revenue of $53.36 billion, representing significant changes of +469.23% and +0.48%, respectively, from the preceding year. This suggests that while the company is expected to show substantial earnings growth, revenue growth is expected to be modest.
4. **Stock Performance and Analyst Ratings**: Despite the earnings miss, Intel's stock has shown some resilience, with a recent increase of 3.38% over the past month, outperforming the Computer and Technology sector. The stock's performance has been mixed, with a recent dip in line with market gains but an overall gain over the past month. Analysts have rated Intel's stock as a "Sell" (Zacks Rank #4), indicating a cautious outlook.

In conclusion, Intel's earnings performance this year has not met analyst forecasts, with both net income and revenue falling below expectations. However, the company's stock has shown some resilience, and analysts remain cautious in their outlook, reflecting the challenges Intel faces in revitalizing its AI chip business and addressing past missteps.