It must be pretty bad if they needed this layoff diversion the day before. I am guessing it will be a bigger than expected loss, miss the revenue target, margins drop further, and guidance will be dismal. We will all know for sure in less than a day.
6 replies (most recent on top)
@a5 a demand pull forward like Covid?
The geniuses at Intel will probably interpret that as a sign of growth lol.
Like CS’s daughter buying two laptops for school because everyone needs this lmao!
@a5+1 certainly some revenue was pulled in and maybe they will be able to clarify how the non-US sites plus TSMC products help deliver to China without tariffs.
Like a lot of multinational companies, if they are able to shift production around then the tariffs should not be a big deal. Eventually they should pick up some external customers anyway, and tariffs might help with that.
The last round of layoff fun was said to save $10b so this one should be something more than that, and that may exceed any revenue guidance issues.
There is a foundry day right after and they likely have something to talk about. Not the least any efforts they are starting to restructure IFS to be more like a benchmark foundry.
My feeling is that at least the forecast will be disappointing.
the way sh-t was ran in Oregon... omfg
In the current geopolitical environment I doubt that many consumers or businesses are buying much of what Intel sells. You can always get more life out of that PC or server you already have. Q1 is never a strong quarter. Big consumers like msft and amzn are putting the brakes on some capital spending, not that Intel was a big part of those plans. Too many unknowns and the potential for things to get exponentially worse overnight. There won't be many companies with great earnings reports for a while. This is just bad timing on top of years of bad decision making for for Intel. The good news is that it probably won't have much of an impact on the stock price.
Expect a beat - with the tariff threats and eventual placement of them, OEM's were probably were gobbling up CPUs before the tariffs hit.