Gateway's so-called selling, general and administrative expenses grew to 20.5 percent in its fourth quarter, up from 14.4 percent in the same period a year earlier.

Last year, for the first time since 1985, PC sales fell. Gateway PC sales peaked at 5 million in 2000 but dropped to 3.5 million last year and 2 million so far this year, according to the company.

The Gateway devices at Walmart will include laptops, 2-in-1s, and an Ultra Slim and Creators series with both AMD and Intel processors. Also: Gateway is back at Walmart: Here are the best laptop deals ...

Gateway Ultra Slim Touch Screen 14.1" (MSRP $699) features 12th Gen Intel® Core™ i7-1255U processor, Windows 11, 8G Memory /512GB Solid State Drive, FHD Touch Screen, Tuned by THX™ Audio.