Intel reports about $11.3B net loss as shares trade near 62x forward earnings
Intel posted an about $11.3B net loss over the past year, including an $11.0B quarterly loss despite revenue rising to $16.1B. Results included a $3.9B goodwill impairment and a $1.1B escrow charge, while non-GAAP profits turned positive. Revenue growth accelerated to 25% year over year, but the foundry arm lost about $2.1B in the quarter. Shares trade near 62x projected adjusted earnings.