How does INTC's Q3 2024 earnings compare to peers?

Intel's Q3 2024 earnings are below par compared to its peers, reflecting competitive challenges and internal struggles. Here's a detailed analysis:

1. **Earnings Per Share (EPS)**:
- Intel's EPS in Q3 2024 is -$3.88, which is significantly negative, indicating a substantial loss for the period.
- In contrast, Nvidia's EPS is $0.67, showcasing its profitability during the same quarter.
- Advanced Micro Devices (AMD) also reported a positive EPS of $0.47, contrasting with Intel's loss.
- IBM's EPS was -$0.36, which is negative but less severe than Intel's, and it is important to note that IBM's results include non-recurring items that impacted its profitability for the quarter.

|code|Ticker|Name|Date|Diluted EPS|market_code|
|---|---|---|---|---|---|
|INTC|INTC.O|Intel|2023 Q4|0.63|185|
|NVDA|NVDA.O|Nvidia|2023 Q4|0.57|185|
|IBM|IBM.N|IBM|2023 Q4|3.55|169|
|AMD|AMD.O|Advanced Micro|2023 Q4|0.41|185|
|INTC|INTC.O|Intel|2024 Q1|-0.09|185|
|NVDA|NVDA.O|Nvidia|2024 Q1|0.82|185|
|IBM|IBM.N|IBM|2024 Q1|1.72|169|
|AMD|AMD.O|Advanced Micro|2024 Q1|0.07|185|
|INTC|INTC.O|Intel|2024 Q2|-0.38|185|
|NVDA|NVDA.O|Nvidia|2024 Q2|0.25|185|

2. **Revenue**:
- Intel's total revenue for Q3 2024 is $13.28 billion, which is substantial but lower than Nvidia's $30.04 billion.
- AMD reported $6.82 billion in revenue, reflecting a strong performance relative to Intel's peers.
- IBM's revenue was $14.97 billion, slightly higher than Intel's, but with a more diversified business model.

|code|Ticker|Name|Date|Total Revenue|market_code|
|---|---|---|---|---|---|
|INTC|INTC.O|Intel|20231231|1.5406E10|185|
|NVDA|NVDA.O|Nvidia|20231231|6.051E9|185|
|IBM|IBM.N|IBM|20231231|1.7381E10|169|
|AMD|AMD.O|Advanced Micro|20231231|6.168E9|185|
|INTC|INTC.O|Intel|20240331|1.2724E10|185|
|NVDA|NVDA.O|Nvidia|20240331|7.192E9|185|
|IBM|IBM.N|IBM|20240331|1.4462E10|169|
|AMD|AMD.O|Advanced Micro|20240331|5.473E9|185|
|INTC|INTC.O|Intel|20240630|1.2833E10|185|
|NVDA|NVDA.O|Nvidia|20240630|1.3507E10|185|

3. **Comparison with Peers**:
- Nvidia and AMD have demonstrated stronger EPS and higher revenue growth compared to Intel in Q3 2024.
- Intel's revenue is comparable to IBM's, but its profitability is under pressure due to the negative EPS.
4. **Intel's Challenges**:
- Intel's struggles are evident, with a significant EPS loss and lower revenue compared to some of its peers.
- The company is facing a seismic shift under new CEO Lip-Bu Tan, who is implementing an aggressive turnaround strategy.
- Intel's financial losses and declining market share highlight the need for strategic overhauling to regain competitiveness.

In conclusion, Intel's Q3 2024 earnings do not compare favorably with its peers, highlighting the need for the company's announced strategic changes to address competitive challenges and restore profitability.