https://www.reuters.com/technology/intel-set-big-drop-quarterly-revenue-chipmaker-struggles-bounce-back-2024-10-29/
7 replies (most recent on top)
They need to gut the Def Met team. It’s worthless given all our numerous blunders
What will Dave do?
October 31 will be the biggest bloodbath until is seen regarding their earnings. This should make it extremely apparent even to the Kool-Aid drinking into lights who believe it’s still possible to turn the sh-t box around. Pat is nothing more than a fu--ing grifter people are all seeing that now It’s very obvious it’s been obvious.
Pat is going to prove that he is the worst CEO that Intel has ever had without "one of".
Happy Halloween! Sadly, the rightsizing begins again soon.
Arrow lake is a garbage dump.
Lunar lake is nice but too expensive and impacts margins.
Server is still conceding share to AMD - uncontested.
AI is a no show with Nvidia and AMD taking all the money there.
Foundry is a total disaster with no high volume customers except for Intel which is still struggling to deliver competitive products.
Long term trends show that PC margins will continue to compress with ARM and AMD competition.
This company is done. The tipping point has tipped. Nobody good wants to stay or join. Intel lacks the capital and talent to succeed long term.
If they hit the $13.02B the article states the street is expecting it would be the middle of the range (12.5-13.5) they forecast during the Q2 earnings report. I suspect that it will be lucky if they even hit the bottom of the range and will likely not come in anywhere near $12.5B. We will see in a little over 2 days.