Subtract out acquisition costs and share based compensation and turn a loss into a profit.
Non-GAAP accounting running out of control.
Sales down 8% from prior year... but according the press release the company is doing a bang up job. Set the bar low enough and every quarter you can exceed expectations... Until you run out of money and the tumble weeds start rolling...
14 Billion in revenue is a disaster. You dolt.
Lucky for Intel TSMC wants Intel to survive as they aren’t stupid a monopoly will get too much scrutiny.
But face the facts Intel irrelevant and AMD, Nvidia, Apple, and others are all kicking Intel
But.. but.. 2 days.
WE GOT 2 DAYS!
Where is the Chips act cash?
Always look at the cash flow statements, cash doesn't lie.
Cash generated from operations was $6.847 B
Cash spent on Property, Plant and Equipment was $19.059 B.
So, this is a business that isn't generating enough cash to sustain investments in fabs...
The business was down 8% overall and down 10% in the flagship DCAI business that includes AI and servers.
I suppose the hope is that some day the core PC business will turn around and the new foundry customers will line up for wafer slots... Until I see some proof, I wouldn't go long on this name.