Pat: “So, uhh, Uncle Sam. Can I has some of that gubmint moneyz now?”
Pat: “So, uhh, Uncle Sam. Can I has some of that gubmint moneyz now?”$16 billion loss? Pat is cooked.
No one thought otherwise and those that did don’t know Intel very wellIntel is lowering the Gaudi sales estimate for the year, it won't achieve the previous forecast of $500M. No new forecast given, unless I missed it. This pretty much means Gaudi is already dead since no successor is planned.
$16 billion loss? Pat is cooked.
That's the entire yearly budget of Estonia gone in a quarter (yeah, stupid comparison, I know, but still gives some perspective)Wait... that is practically the reserves of Angola! DAMN! That is a BIG LOSS!
Still... that is 50% the reserves of Ecuador, is very big...Adjusted free cash flow was -$2.7B for the quarter.
Those charts say "granit rapids increasing competitive" when a review just came out that said that Turin was 20-40% higher in performance and lower in power usage. I don't think those statements by Intel are correct.
I'm not sure that's accurate as Pat just said on the call that the >15% headcount reduction mostly completed in Q3.
Nah, it is more competitive. They were very far behind before. Now they have core count parity and are only 1 zen behind.Those charts say "granit rapids increasing competitive" when a review just came out that said that Turin was 20-40% higher in performance and lower in power usage. I don't think those statements by Intel are correct.
From Phoronix:Those charts say "granit rapids increasing competitive" when a review just came out that said that Turin was 20-40% higher in performance and lower in power usage. I don't think those statements by Intel are correct.
I could not find those numbers, I guess I was reading other pages or possibly a different review. BUT,,, even by those numbers they lost in performance and power.From Phoronix:
Epyc 9755
Geo Mean of all Test Results: 992.91
Average Power: 324.1W
Xeon 6980P
Geo Mean of all Test Results: 838.83
Average Power: 331.79 W
I'm not seeing the 20-40% higher performance you are talking about.
This figure also includes the bugged NAMD test where GNR was nearly 5-10x slower than SPR and Genoa. If you exclude that they would be even closer. GNR looks pretty competitive and certainly MUCH closer than SPR and EMR were to Genoa.
It does look like GNR launched with a bunch of bugs though as it doesn't appear to really scale at all when going to 2P.
Yes Turin is better than GNR overall but unlike the past with SPR/EMR, GNR is at least competitive and has pretty decent performance/watt.I could not find those numbers, I guess I was reading other pages or possibly a different review. BUT,,, even by those numbers they lost in performance and power.
And as far as intestors... They had the worst EVER results vs AMD in data center, and now AMD has done more business in DEC than intel for the first time ever.
And the stock goes up ?? Investors are actual idiots, even from just a financial point of view.
I've lost count how many times I've heard that come out of Pat's mouth before...Intel is trying to present that this is the bottom and its all up from here and the investors are buying it. They will learn about their costly mistake eventually. Wouldn't be surprised if Q1 2025 is a blood bath again like last Q.
"This is the bottom" says increasingly nervous man for the 7th quarter in a row.Intel is trying to present that this is the bottom and its all up from here and the investors are buying it. They will learn about their costly mistake eventually. Wouldn't be surprised if Q1 2025 is a blood bath again like last Q.
THIS TIME FOR SURE BROS"This is the bottom" says increasingly nervous man for the 7th quarter in a row.
Very curious what these cost of sales impairment charges were for. Also, why did Intel first lengthen their depreciation schedule for foundries and then this quarter decided to charge according to an accelerated depreciation schedule for the Intel 7 node assets?
Related to our cost and efficiency actions, the restructuring charges we took in Q3 were
significant and necessary to right-size the company as we reduce spending by over $10 billion in
2025. There was also a sizeable impairment mostly related to Intel 7 equipment and space,
reflecting excess COVID-era spending that we have concluded cannot migrate to more advanced
nodes now that we have fully transitioned to EUV processing
My guess is Intel tried to amortize their equipment depreciation like TSMC and then nobody is going to use their older nodes so they can't keep them on the books so now they are doing a write off. Expect the same thing to happen with Intel 4/3. 🤣Apparently from the "prepared remarks" it's due to Intel 7 equipment they bought too much of and decided now is the time to recognize the loss because of course it is.
$3.1 billion dollars down the drain.
Almost $700M reduction in desktop revenue is nothing to sneeze either.
You are right about NEX. It's up 4%. It's listed on the first page BTW.Pretty sure NEX and Altera are up QoQ.
It's that sort of loss where you pretty much have to look at non-GAAP numbers instead. Accounting stuff to lower taxes, not actual money.$16 billion loss? Pat is cooked.
As an AMD fan going through 2011-2017, this doesn't actually feel that good.THIS TIME FOR SURE BROS