https://www.investopedia.com/intel-q1-fy2024-earnings-preview-7484197
Intel is expected to report an almost 40% drop in revenue and significant net losses as PC sales and macroeconomic headwinds devastate the microchip industry.
KEY TAKEAWAYS
Intel is expected to report a 48% drop in personal computing revenue.
Adjusted earnings per share probably tumbled to -$0.18 from $0.87 the prior-year quarter.
Consumers and businesses are estimated to have spent 29% less on computers last quarter than the year before.
Intel's revenue is expected to plunge by almost 40% to $11.4 billion, according to analysts' estimates compiled by Visible Alpha. The company's personal computing unit, its largest source of revenue, is expected to report a more than 48% drop in sales for the quarter. Earnings are expected to swing to a net loss of over $2.2 billion, or adjusted earnings per share (EPS) of -$0.18, from net income of $8.1 billion, or $0.87 a share, in the prior-year quarter.